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-4.07
Earnings Date07/31/2026
3Y-138.0%
5Y-192.0%
10Y-2907.0%
3Y-138.0%
5Y-216.0%
10Y-400.0%
3Y-117.0%
5Y-71.0%
10Y+25.0%
MRNA

Moderna, Inc. Cash Conversion Engine

MRNA · NASDAQ
Net Income-2.82B
Depreciation & Amortization215.00M
Stock-Based Compensation483.00M
Change in Working Capital254.00M
Others-3.00M
Capital Expenditures-192.00M
Free Cash Flow-2.06B

Cash Flow Quality Analysis

FCF Conversion Rate

73.2%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-10.3%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+49.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$254.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Moderna, Inc. Cash Flow Statement

MRNA • NASDAQ

Moderna, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
OPERATING ACTIVITIES
-2.8B
-3.6B
-4.7B
8.4B
12.2B
-747.1M
-514M
-384.7M
-255.9M
-216.2M
215M
189M
621M
348M
232M
93M
31M
24.9M
20.5M
15.1M
0.0
0.0
828M
-559M
-318M
10.4M
0.0
0.0
0.0
288K
483M
429M
305M
226M
142M
93M
81.1M
72.6M
40.1M
39.4M
-3M
17M
-19M
59M
54M
558K
-3.4M
-975K
1.1M
2.2M
(0.0)
(197M)
(0.0)
(2.7B)
(480M)
(1M)
(0.0)
(294K)
(398K)
(905K)
254M
-78M
-139M
-3.5B
1.3B
2.6B
-53.7M
-42.6M
-137.2M
226M
-1.9B
-3B
-3.1B
5B
13.6B
2B
-459M
-330.9M
-331.5M
66.7M
INVESTING ACTIVITIES
-192M
-1.1B
-707M
-400M
-284M
-67.4M
-31.6M
-105.8M
-58.4M
-33.1M
(0.0)
(0.0)
-85M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-5.8B
-6.5B
-3.8B
-11.4B
-12.7B
-3B
-1.1B
-1.2B
-727.2M
-1.4B
7.9B
9.5B
8.8B
6.7B
4.4B
1.4B
1.2B
960.4M
1.2B
808.9M
-10M
0.0
0.0
-40M
-30M
0.0
0.0
622K
-1.3M
-8.9M
(1.9B)
(1.9B)
(4.2B)
-5.2B
-8.5B
-1.7B
-14.9M
-372.5M
(416.1M)
-648.6M
FINANCING ACTIVITIES
35M
66M
-1.1B
-3.3B
-733M
2B
50.2M
1.2B
212K
0.0
539M
-10M
-270M
-184M
-140M
-6M
1M
9.5M
1.4M
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1.5M
-633K
(0.0)
(0.0)
-1.2B
-3.3B
-857M
(0.0)
(2.9M)
-8.2M
(0.0)
(0.0)
19M
0.0
0.0
0.0
0.0
193K
-29K
0.0
0.0
11K
593M
56M
-1.4B
-3.4B
-873M
2B
51.1M
1.2B
168K
472.9M
CASH FLOW SUMMARY
2M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
668M
-999M
-289M
-3.6B
4.2B
2.4B
-422.8M
523.5M
84.8M
-109M
1.9B
2.9B
3.2B
6.9B
2.6B
247.7M
670.5M
134.9M
50.1M
159M
2.6B
1.9B
2.9B
3.2B
6.9B
2.6B
247.7M
658.4M
134.9M
50.1M
-2.1B
-4.1B
-3.8B
4.6B
13.3B
2B
-490.5M
-436.6M
-389.9M
33.6M

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