Moderna, Inc. (MRNA)
NASDAQ: MRNA · Real-Time Price · USD
140.34
+2.35 (1.70%)
At close: Aug 31, 2026, 4:00 PM EDT
138.74
-1.60 (-1.14%)
After-hours: Aug 31, 2026, 7:59 PM EDT

Moderna Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,2281,9443,2366,84819,26318,471
Revenue Growth
-27.62%-39.93%-52.74%-64.45%4.29%2200.25%
Gross Profit
-1,471-2,056-2,771-2,69010,55213,863
Operating Income
-2,436-3,074-3,945-4,2399,42013,296
Net Income
-3,151-2,822-3,561-4,7148,36212,202
Earnings Per Share
-8.01-7.25-9.27-12.3420.1228.29
EPS Growth
-----28.88%-

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Product Sales
2,0641,8183,1096,67118,43517,675
Grant
-223794388735
Collaboration
2813488344061
Licensing and Royalty
-1142---
Stand-Ready Manufacturing
11480----
Revenue (Total)
2,2281,9443,2366,84819,26318,471

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
6,9108,1359,51913,28118,22017,570
Total Debt
1,2871,3057471,2431,200916
Net Cash (Debt)
5,6236,8308,77212,03817,02016,654
Net Cash Growth
-16.87%-22.14%-27.13%-29.27%2.20%232.41%
Net Cash Per Share
14.2917.5622.8431.5140.9138.64

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-1,073-1,873-3,004-3,1184,98113,620
Capital Expenditures
-171-192-1,051-707-400-284
Free Cash Flow
-1,244-2,065-4,055-3,8254,58113,336
Free Cash Flow Growth
-----65.65%580.75%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-66.02%-105.76%-85.63%-39.28%54.78%75.05%
Operating Margin
-109.34%-158.13%-121.91%-61.90%48.90%71.98%
Pretax Margin
-138.55%-142.39%-111.46%-57.56%49.71%71.92%
Profit Margin
-141.43%-145.17%-110.04%-68.84%43.41%66.06%
FCF Margin
-55.84%-106.22%-125.31%-55.86%23.78%72.20%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
----8.258.44
Forward PE
-31.9431.9431.9437.048.08
P/FCF Ratio
----15.067.72
PS Ratio
25.155.934.955.543.585.58