Moderna, Inc. (MRNA)
NASDAQ: MRNA · Real-Time Price · USD
154.04
-4.03 (-2.55%)
At close: Sep 18, 2026, 4:00 PM EDT
156.45
+2.41 (1.56%)
Pre-market: Sep 21, 2026, 7:54 AM EDT
Moderna Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | -3,151 | -2,822 | -3,561 | -4,714 | 8,362 | 12,202 |
Depreciation & Amortization | 241 | 215 | 189 | 621 | 348 | 232 |
Loss (Gain) From Sale of Investments | -49 | -59 | -43 | -26 | 31 | 54 |
Stock-Based Compensation | 462 | 483 | 429 | 305 | 226 | 142 |
Other Operating Activities | 51 | 77 | 60 | 7 | 28 | -318 |
Change in Accounts Receivable | 13 | 156 | 534 | 493 | 1,790 | -1,784 |
Change in Inventory | -38 | -34 | 83 | 747 | 492 | -1,394 |
Change in Accounts Payable | -17 | -92 | -69 | 13 | 240 | 204 |
Change in Unearned Revenue | 168 | 41 | -439 | -2,060 | -4,157 | 2,824 |
Change in Income Taxes | - | - | - | - | - | 876 |
Change in Other Net Operating Assets | 1,247 | 162 | -187 | 1,496 | -2,379 | 582 |
Operating Cash Flow | -1,073 | -1,873 | -3,004 | -3,118 | 4,981 | 13,620 |
Operating Cash Flow Growth | - | - | - | - | -63.43% | 571.93% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -171 | -192 | -1,051 | -707 | -400 | -284 |
Cash Acquisitions | - | - | - | -85 | - | - |
Sale (Purchase) of Intangibles | - | -10 | - | - | - | - |
Investment in Securities | 1,076 | 2,148 | 3,000 | 5,021 | -4,736 | -8,209 |
Other Investing Activities | - | - | - | -23 | -40 | -30 |
Investing Cash Flow | 905 | 1,946 | 1,949 | 4,206 | -5,176 | -8,523 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 600 | - | - | - | - |
Long-Term Debt Repaid | - | -18 | -10 | -270 | -184 | -140 |
Net Debt Issued (Repaid) | 578 | 582 | -10 | -270 | -184 | -140 |
Issuance of Common Stock | 60 | 35 | 66 | 46 | 65 | 124 |
Repurchase of Common Stock | -5 | -2 | - | -1,153 | -3,329 | -857 |
Other Financing Activities | -22 | -22 | - | - | - | - |
Financing Cash Flow | 611 | 593 | 56 | -1,377 | -3,448 | -873 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | - | 2 | - | - | - | - |
Net Cash Flow | 443 | 668 | -999 | -289 | -3,643 | 4,224 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | -1,244 | -2,065 | -4,055 | -3,825 | 4,581 | 13,336 |
Free Cash Flow Growth | - | - | - | - | -65.65% | 580.75% |
Free Cash Flow Margin | -55.84% | -106.22% | -125.31% | -55.86% | 23.78% | 72.20% |
Free Cash Flow Per Share | -3.16 | -5.31 | -10.56 | -10.01 | 11.01 | 30.94 |
Levered Free Cash Flow | 299.25 | -1,327 | -3,088 | -2,359 | 3,668 | 9,293 |
Unlevered Free Cash Flow | 325.5 | -1,320 | -3,073 | -2,359 | 3,687 | 9,304 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 10 | 10 | 24 | 39 | 25 | 14 |
Cash Income Tax Paid | 26 | 26 | 197 | -357 | 2,729 | 480 |
Change in Working Capital | 1,373 | 233 | -78 | 689 | -4,014 | 1,308 |