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	2016 - 2019
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	2016 - 2019
Operating Revenue	2,110	3,109	6,671	18,435	17,675	803	Upgrade
Other Revenue	122	127	177	828	796	-	Upgrade
Revenue	2,232	3,236	6,848	19,263	18,471	803	Upgrade
Revenue Growth (YoY)	-56.07%	-52.74%	-64.45%	4.29%	2200.25%	1238.33%	Upgrade
Cost of Revenue	4,634	6,007	9,538	8,711	4,608	1,378	Upgrade
Gross Profit	-2,402	-2,771	-2,690	10,552	13,863	-575	Upgrade
Selling, General & Admin	1,061	1,174	1,549	1,132	567	188	Upgrade
Operating Expenses	1,061	1,174	1,549	1,132	567	188	Upgrade
Operating Income	-3,463	-3,945	-4,239	9,420	13,296	-763	Upgrade
Interest Expense	-24	-24	-38	-29	-17	-10	Upgrade
Interest & Investment Income	335	425	421	200	18	25	Upgrade
Other Non Operating Income (Expenses)	55	-7	-14	-16	-12	4	Upgrade
EBT Excluding Unusual Items	-3,097	-3,551	-3,870	9,575	13,285	-744	Upgrade
Gain (Loss) on Sale of Investments	-56	-56	-72	-	-	-	Upgrade
Pretax Income	-3,153	-3,607	-3,942	9,575	13,285	-744	Upgrade
Income Tax Expense	-37	-46	772	1,213	1,083	3	Upgrade
Net Income	-3,116	-3,561	-4,714	8,362	12,202	-747	Upgrade
Net Income to Common	-3,116	-3,561	-4,714	8,362	12,202	-747	Upgrade
Net Income Growth	-	-	-	-31.47%	-	-	Upgrade
Shares Outstanding (Basic)	388	384	382	394	403	381	Upgrade
Shares Outstanding (Diluted)	388	384	382	416	431	381	Upgrade
Shares Change (YoY)	1.31%	0.52%	-8.17%	-3.48%	13.12%	15.11%	Upgrade
EPS (Basic)	-8.04	-9.27	-12.34	21.22	30.28	-1.96	Upgrade
EPS (Diluted)	-8.05	-9.28	-12.34	20.12	28.29	-1.96	Upgrade
EPS Growth	-	-	-	-28.88%	-	-	Upgrade
Free Cash Flow	-2,653	-4,055	-3,825	4,581	13,336	1,959	Upgrade
Free Cash Flow Per Share	-6.84	-10.56	-10.01	11.01	30.94	5.14	Upgrade
Gross Margin	-107.62%	-85.63%	-39.28%	54.78%	75.05%	-71.61%	Upgrade
Operating Margin	-155.15%	-121.91%	-61.90%	48.90%	71.98%	-95.02%	Upgrade
Profit Margin	-139.61%	-110.04%	-68.84%	43.41%	66.06%	-93.03%	Upgrade
Free Cash Flow Margin	-118.86%	-125.31%	-55.86%	23.78%	72.20%	243.96%	Upgrade
EBITDA	-3,255	-3,756	-3,618	9,768	13,528	-732	Upgrade
EBITDA Margin	-145.83%	-116.07%	-52.83%	50.71%	73.24%	-91.16%	Upgrade
D&A For EBITDA	208	189	621	348	232	31	Upgrade
EBIT	-3,463	-3,945	-4,239	9,420	13,296	-763	Upgrade
EBIT Margin	-155.15%	-121.91%	-61.90%	48.90%	71.98%	-95.02%	Upgrade
Effective Tax Rate	-	-	-	12.67%	8.15%	-	Upgrade
Revenue as Reported	2,232	3,236	6,848	19,263	18,471	803	Upgrade
Advertising Expenses	-	146	204	121	-	-	Upgrade

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q