Moderna, Inc.

Moderna, Inc.

MRNA·NASDAQ

$49.06

+7.5%
HealthcareBiotechnology

Moderna, Inc., a biotechnology company, discovers, develops, and commercializes messenger RNA therapeutics and vaccines for the treatment of infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases in the United States, Europe, and internationally. Its respiratory vaccines include COVID-19, flu, respiratory syncytial virus, Endemic HCoV, and hMPV+PIV3 vaccines; latent vaccines comprise cytomegalovirus, epstein-barr virus, human immunodeficiency virus, herpes simplex virus, and varicella-zoster virus vaccines; and public health vaccines consists of Zika and Nipah vaccines. The company also offers systemic secreted and cell surface therapeutics; cancer vaccines, such as personalized cancer, KRAS, and checkpoint vaccines; intratumoral immuno-oncology products; localized regenerative, systemic intracellular, and inhaled pulmonary therapeutics. It has strategic alliances with AstraZeneca PLC; Merck & Co., Inc.; Vertex Pharmaceuticals Incorporated; Vertex Pharmaceuticals (Europe) Limited; Carisma Therapeutics, Inc.; Metagenomi, Inc.; the Defense Advanced Research Projects Agency; Biomedical Advanced Research and Development Authority; Institute for Life Changing Medicines; and The Bill & Melinda Gates Foundation, as well as a collaboration and license agreement with Chiesi Farmaceutici S.P.A. The company was formerly known as Moderna Therapeutics, Inc. and changed its name to Moderna, Inc. in August 2018. Moderna, Inc. was founded in 2010 and is headquartered in Cambridge, Massachusetts.

At a Glance

Live Snapshot
Market Cap$19.47B
EPS-7.2600
P/E Ratio-6.76
Earnings Date07/31/2026
3Y-90.0%
5Y+142.0%
10Y+1693.0%
3Y-134.0%
5Y+278.0%
10Y+1205.0%
3Y-138.0%
5Y-192.0%
10Y-2907.0%
Moderna, Inc.

Moderna, Inc. Profit Bridge

MRNA · NASDAQ
Revenue1.94B
Cost of Goods Sold (868.00M)
Gross Profit1.08B
Operating Expenses (4.15B)
Operating Income-3.07B
Interest Expense (0.00)
Other Income/Expense306.00M
Pretax Income-2.77B
Income Tax (54.00M)
Net Income-2.82B
Net Income
-2.82B

Profitability Analysis

Gross Margin

55.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-158.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-145.2%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Moderna, Inc. Income Statement

MRNA • NASDAQ

Moderna, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
REVENUE
1.9B
3.2B
6.8B
18.9B
17.7B
803.4M
60.2M
135.1M
205.8M
108.4M
GROSS PROFIT
(868M)
(1.5B)
(4.7B)
(5.4B)
(2.6B)
(39.2M)
(31M)
(24.9M)
(20.5M)
(15.1M)
1.1B
1.7B
2.2B
13.5B
15.1B
764.2M
29.2M
-319M
185.3M
93.3M
OPERATING INCOME
(4.2B)
(5.7B)
(6.4B)
(4B)
(1.8B)
(1.5B)
(574.9M)
(94.3M)
(454.6M)
(317.1M)
(1B)
(1.2B)
(1.5B)
(1.1B)
(567M)
(188.3M)
(109.6M)
(94.3M)
(64.7M)
(57.5M)
(3.1B)
(4.5B)
(4.8B)
(3.3B)
(2B)
(1.4B)
(496.3M)
(454.1M)
(410.5M)
(274.7M)
-3.1B
-3.9B
-4.2B
9.4B
13.3B
-763.1M
-545.7M
-468.9M
-269.4M
-223.8M
PRE-TAX INCOME
(0.0)
(24M)
(38M)
(29M)
(18M)
(9.9M)
(6.6M)
(3.1M)
(132K)
(0.0)
314M
401M
383M
171M
0.0
14.8M
31.9M
23.9M
15.1M
11.3M
(0.0)
-37M
(0.0)
-388M
-735M
-31.3M
-31M
-454.1M
-20.5M
-15.1M
306M
338M
297M
155M
-11M
18.6M
31M
28.9M
13.4M
8.6M
-2.8B
-3.6B
-3.9B
9.6B
13.3B
-744.5M
-514.7M
-440M
-256M
-215.2M
NET INCOME
(54M)
-46M
(772M)
(1.2B)
(1.1B)
(2.6M)
-695K
(326K)
-80K
(1M)
-2.8B
-3.6B
-4.7B
8.4B
12.2B
-747.1M
-514M
-384.7M
-255.9M
-216.2M

SEC Filings

MRNA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 11, 2026
May 06, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 01, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 01, 2026
May 01, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 16, 2026
May 06, 2026
2026
8-K

8-K 2026

N/A

March 05, 2026
March 03, 2026
2026
10-K

10-K 2025 FY

FY

February 20, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 13, 2026
February 13, 2026
2026
8-K

8-K 2026

N/A

February 11, 2026
February 03, 2026
2026
8-K

8-K 2026

N/A

January 12, 2026
January 12, 2026
2026
8-K

8-K 2026

N/A

January 05, 2026
January 05, 2026
2026
Showing 1 to 10 of 156 filings