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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Genmab AS's retained earnings for the quarter that ended in Mar. 2026 was kr26,443 Mil.
Genmab AS's quarterly retained earnings
increased
from Sep. 2025 (kr25,639 Mil) to Dec. 2025 (kr26,139 Mil) and
increased
from Dec. 2025 (kr26,139 Mil) to Mar. 2026 (kr26,443 Mil).
Genmab AS's annual retained earnings
increased
from Dec. 2023 (kr18,707 Mil) to Dec. 2024 (kr24,158 Mil) and
increased
from Dec. 2024 (kr24,158 Mil) to Dec. 2025 (kr26,139 Mil).
Genmab AS (CHIX:GMABc) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Genmab AS Retained Earnings Historical Data
* Premium members only.
The historical data trend for Genmab AS's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
What does a Retained Earnings of kr26,443 Mil mean?
Genmab AS (CHIX:GMABC) has a Retained Earnings of kr26,443 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Genmab AS and its competitors.
Is Genmab AS's Retained Earnings too high?
Genmab AS's current Retained Earnings is kr26,443 Mil. Overall, Genmab AS has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Genmab AS's Retained Earnings compare to VRTX and REGN?
Genmab AS's Retained Earnings of kr26,443 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Biotechnology company?
A good Retained Earnings depends on the Biotechnology industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Genmab AS and its competitors. Genmab AS's current Retained Earnings is kr26,443 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genmab AS stock overvalued right now?
Based on GuruFocus' analysis, Genmab AS (CHIX:GMABC) is currently considered Modestly Undervalued. The stock's GF Value™ is kr2,314.91, compared to a current price of kr1,898.00 — trading 18% below its estimated fair value. The current Retained Earnings is kr26,443 Mil. Genmab AS's overall GF Score™ is 94/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Genmab AS (CHIX:GMABC), the current Retained Earnings is kr26,443 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Genmab AS (CHIX:GMABC) Overvalued in 2026?
Based on GuruFocus' analysis, Genmab AS stock appears to be undervalued.
The current stock price of kr1,898.00 is trading 18% below its estimated GF Value™ of kr2,314.91.
GuruFocus considers Genmab AS to be Modestly Undervalued.
Key valuation signals for CHIX:GMABC:
Retained Earnings: kr26,443 Mil
GF Value™: kr2,314.91 vs. price of kr1,898.00 (18% below fair value)
No single metric tells the full story. See the CHIX:GMABC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Genmab is a Copenhagen-based biotechnology company specializing in antibody therapeutics for the treatment of cancer. Genmab's proprietary antibody technologies are DuoBody, HexaBody, DuoHexaBody, and HexElect. Johnson & Johnson partnered with Genmab to create Darzalex, which is regarded as the standard of care for multiple myeloma and is Genmab's leading product. Genmab also has Tepezza for thyroid eye disease (partnered with Horizon), Kesimpta for relapsing multiple sclerosis (partnered with Novartis), Rybrevant (partnered with Johnson & Johnson) for non-small cell lung cancer (NSCLC), Tivdak (partnered with Seagen) for cervical cancer, and Epkinly (partnered with AbbVie) for diffuse large B-cell lymphoma. Genmab has several pipeline candidates targeting other oncologic indications.
94GF Score
Get the complete analysis for CHIX:GMABC
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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