Moderna Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,818	3,109	6,671	18,435	17,675
Other Revenue	126	127	177	828	796
Revenue	1,944	3,236	6,848	19,263	18,471
Revenue Growth (YoY)	-39.93%	-52.74%	-64.45%	4.29%	2200.25%
Cost of Revenue	4,000	6,007	9,538	8,711	4,608
Gross Profit	-2,056	-2,771	-2,690	10,552	13,863
Selling, General & Admin	1,018	1,174	1,549	1,132	567
Operating Expenses	1,018	1,174	1,549	1,132	567
Operating Income	-3,074	-3,945	-4,239	9,420	13,296
Interest Expense	-	-24	-38	-29	-17
Interest & Investment Income	314	425	421	200	18
Other Non Operating Income (Expenses)	-8	-7	-14	-16	-12
EBT Excluding Unusual Items	-2,768	-3,551	-3,870	9,575	13,285
Gain (Loss) on Sale of Investments	-	-56	-72	-	-
Pretax Income	-2,768	-3,607	-3,942	9,575	13,285
Income Tax Expense	54	-46	772	1,213	1,083
Net Income	-2,822	-3,561	-4,714	8,362	12,202
Net Income to Common	-2,822	-3,561	-4,714	8,362	12,202
Net Income Growth	-	-	-	-31.47%	-
Shares Outstanding (Basic)	389	384	382	394	403
Shares Outstanding (Diluted)	389	384	382	416	431
Shares Change (YoY)	1.30%	0.52%	-8.17%	-3.48%	13.12%
EPS (Basic)	-7.25	-9.27	-12.34	21.22	30.28
EPS (Diluted)	-7.26	-9.28	-12.34	20.12	28.29
EPS Growth	-	-	-	-28.88%	-
Free Cash Flow	-2,065	-4,055	-3,825	4,581	13,336
Free Cash Flow Per Share	-5.31	-10.56	-10.01	11.01	30.94
Gross Margin	-105.76%	-85.63%	-39.28%	54.78%	75.05%
Operating Margin	-158.13%	-121.91%	-61.90%	48.90%	71.98%
Profit Margin	-145.17%	-110.04%	-68.84%	43.41%	66.06%
Free Cash Flow Margin	-106.22%	-125.31%	-55.86%	23.78%	72.20%
EBITDA	-2,859	-3,756	-3,618	9,768	13,528
EBITDA Margin	-147.07%	-116.07%	-52.83%	50.71%	73.24%
D&A For EBITDA	215	189	621	348	232
EBIT	-3,074	-3,945	-4,239	9,420	13,296
EBIT Margin	-158.13%	-121.91%	-61.90%	48.90%	71.98%
Effective Tax Rate	-	-	-	12.67%	8.15%
Revenue as Reported	1,944	3,236	6,848	19,263	18,471
Advertising Expenses	-	146	204	121	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.