Company research / MRNA

Moderna, Inc. (MRNA)

CIK 0001682852 · Nasdaq · Biological Products, (No Diagnostic Substances)

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Moderna, Inc. reported revenue of $1.94B. Revenue fell 39.9% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $2.23B.

Key ratios (year ended 2025-12-31)

55.3%
Gross margin (computed)
-158.1%
Operating margin
-145.2%
Net margin
-32.6%
Return on year-end equity
-39.9%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 4 (ownership change) · 2026-10-16

Headquarters locality: Cambridge · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$2.23B$1.94B$3.24B$6.85B$19.26B$18.47Bn/a$60.21Mn/an/an/a
Cost of Revenue$1.71B$868.00M$1.46B$4.69B$5.42B$2.62B$8.00M$0$0n/an/a
Gross Profit (computed)$521.00M$1.08B$1.77B$2.15B$13.85B$15.85Bn/an/an/an/an/a
R&D Expense$2.88B$3.13B$4.54B$4.84B$3.29B$1.99B$1.37B$496.00M$454.08M$410.46M$274.72M
Operating Income-$3.32B-$3.07B-$3.94B-$4.24B$9.42B$13.30B-$763.00M-$546.00M-$413.27M-$269.36M-$223.77M
Depreciation & Amortization$229.00M$211.00M$185.00M$617.00M$348.00M$232.00M$31.00M$31.00M$24.86M$20.54M$15.11M
EBITDA-$3.09B-$2.86B-$3.76B-$3.62B$9.77B$13.53B-$732.00M-$515.00M-$388.40M-$248.82M-$208.66M
Net Income-$3.15B-$2.82B-$3.56B-$4.71B$8.36B$12.20B-$747.00M-$514.00M-$384.73M-$255.92M-$216.21M
EPS (Diluted)n/a-$7.26-$9.28-$12.33$20.12$28.29-$1.96-$1.55n/an/an/a
Total Assets$10.96B$12.34B$14.14B$18.43B$25.86B$24.67B$7.34B$1.59B$1.96B$1.08Bn/a
Total Liabilities$4.20B$3.69B$3.24B$4.57B$6.74B$10.52B$4.78B$414.61M$431.91M$459.19Mn/a
Shareholders' Equity$6.76B$8.65B$10.90B$13.85B$19.12B$14.14B$2.56B$1.18B$1.53B-$551.37M-$334.81M
Cash & Equivalents$1.72B$2.60B$1.93B$2.91B$3.21B$6.85B$2.62B$236.00M$658.36M$134.86M$50.08M
Operating Cash Flow-$1.07B-$1.87B-$3.00B-$3.12B$4.98B$13.62B$2.03B-$459.00M-$330.87M-$331.48M$66.73M
Capital Expenditures$171.00M$192.00M$1.05B$707.00M$400.00M$284.00M$68.00M$32.00M$105.77M$58.40M$33.14M
Free Cash Flow-$1.24B-$2.06B-$4.05B-$3.83B$4.58B$13.34B$1.96B-$491.00M-$436.63M-$389.88M$33.59M
Share Repurchasesn/a$2.00M$0$1.15B$3.33B$857.00M$0$0n/an/an/a
Shares Outstanding399.00M394.00M386.00M382.00M385.00M403.00M399.00M336.54M328.80M65.21Mn/a
Weighted Average Diluted Sharesn/a389.00M384.00M382.00M416.00M431.00M381.00M331.00Mn/an/an/a
EPS (Basic)n/a-$7.26-$9.28-$12.33$21.26$30.31-$1.96-$1.55n/an/an/a

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