Moderna Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,110	3,109	6,671	18,435	17,675	803
Other Revenue	122	127	177	828	796	-
Revenue	2,232	3,236	6,848	19,263	18,471	803
Revenue Growth (YoY)	-56.07%	-52.74%	-64.45%	4.29%	2200.25%	1238.33%
Cost of Revenue	4,634	6,007	9,538	8,711	4,608	1,378
Gross Profit	-2,402	-2,771	-2,690	10,552	13,863	-575
Selling, General & Admin	1,061	1,174	1,549	1,132	567	188
Operating Expenses	1,061	1,174	1,549	1,132	567	188
Operating Income	-3,463	-3,945	-4,239	9,420	13,296	-763
Interest Expense	-8	-24	-38	-29	-17	-10
Interest & Investment Income	335	425	421	200	18	25
Other Non Operating Income (Expenses)	-5	-7	-14	-16	-12	4
EBT Excluding Unusual Items	-3,141	-3,551	-3,870	9,575	13,285	-744
Gain (Loss) on Sale of Investments	-12	-56	-72	-	-	-
Pretax Income	-3,153	-3,607	-3,942	9,575	13,285	-744
Income Tax Expense	-37	-46	772	1,213	1,083	3
Net Income	-3,116	-3,561	-4,714	8,362	12,202	-747
Net Income to Common	-3,116	-3,561	-4,714	8,362	12,202	-747
Net Income Growth	-	-	-	-31.47%	-	-
Shares Outstanding (Basic)	388	384	382	394	403	381
Shares Outstanding (Diluted)	388	384	382	416	431	381
Shares Change (YoY)	1.31%	0.52%	-8.17%	-3.48%	13.12%	15.11%
EPS (Basic)	-8.04	-9.27	-12.34	21.22	30.28	-1.96
EPS (Diluted)	-8.05	-9.28	-12.34	20.12	28.29	-1.96
EPS Growth	-	-	-	-28.88%	-	-
Free Cash Flow	-2,653	-4,055	-3,825	4,581	13,336	1,959
Free Cash Flow Per Share	-6.84	-10.56	-10.01	11.01	30.94	5.14
Gross Margin	-107.62%	-85.63%	-39.28%	54.78%	75.05%	-71.61%
Operating Margin	-155.15%	-121.91%	-61.90%	48.90%	71.98%	-95.02%
Profit Margin	-139.61%	-110.04%	-68.84%	43.41%	66.06%	-93.03%
Free Cash Flow Margin	-118.86%	-125.31%	-55.86%	23.78%	72.20%	243.96%
EBITDA	-3,255	-3,756	-3,618	9,768	13,528	-732
EBITDA Margin	-145.83%	-116.07%	-52.83%	50.71%	73.24%	-91.16%
D&A For EBITDA	208	189	621	348	232	31
EBIT	-3,463	-3,945	-4,239	9,420	13,296	-763
EBIT Margin	-155.15%	-121.91%	-61.90%	48.90%	71.98%	-95.02%
Effective Tax Rate	-	-	-	12.67%	8.15%	-
Revenue as Reported	2,232	3,236	6,848	19,263	18,471	803
Advertising Expenses	-	146	204	121	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.