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Moderna, Inc. (MRNA)
NASDAQ: MRNA · Real-Time Price · USD
225.00
+28.00 (14.21%)
At close: Oct 9, 2026, 4:00 PM EDT
225.45
+0.45 (0.20%)
After-hours: Oct 9, 2026, 7:59 PM EDT

Moderna Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-3,151-2,822-3,561-4,7148,36212,202
Depreciation & Amortization
241215189621348232
Loss (Gain) From Sale of Investments
-49-59-43-263154
Stock-Based Compensation
462483429305226142
Other Operating Activities
517760728-318
Change in Accounts Receivable
131565344931,790-1,784
Change in Inventory
-38-3483747492-1,394
Change in Accounts Payable
-17-92-6913240204
Change in Unearned Revenue
16841-439-2,060-4,1572,824
Change in Income Taxes
-----876
Change in Other Net Operating Assets
1,247162-1871,496-2,379582
Operating Cash Flow
-1,073-1,873-3,004-3,1184,98113,620
Operating Cash Flow Growth
-----63.43%571.93%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-171-192-1,051-707-400-284
Cash Acquisitions
----85--
Sale (Purchase) of Intangibles
--10----
Investment in Securities
1,0762,1483,0005,021-4,736-8,209
Other Investing Activities
----23-40-30
Investing Cash Flow
9051,9461,9494,206-5,176-8,523

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-600----
Long-Term Debt Repaid
--18-10-270-184-140
Net Debt Issued (Repaid)
578582-10-270-184-140
Issuance of Common Stock
6035664665124
Repurchase of Common Stock
-5-2--1,153-3,329-857
Other Financing Activities
-22-22----
Financing Cash Flow
61159356-1,377-3,448-873

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-2----
Net Cash Flow
443668-999-289-3,6434,224

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-1,244-2,065-4,055-3,8254,58113,336
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
-3.16-5.31-10.56-10.0111.0130.94
Levered Free Cash Flow
299.25-1,327-3,088-2,3593,6689,293
Unlevered Free Cash Flow
325.5-1,320-3,073-2,3593,6879,304

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
101024392514
Cash Income Tax Paid
2626197-3572,729480
Change in Working Capital
1,373233-78689-4,0141,308
SEC Filings: 10-K · 10-Q