Companies / MRNA

Moderna, Inc. (MRNA) financials and KPIs

Moderna, Inc. reported revenue of $1.94B for fiscal 2025, down 39.9% from fiscal 2024.

Annual results

Fiscal year20212022202320242025
Revenue$18.47B$19.26B$6.85B$3.24B$1.94B
Operating income$13.30B$9.42B-$4.24B-$3.94B-$3.07B
Net income$12.20B$8.36B-$4.71B-$3.56B—
Cash from operations$13.62B$4.98B-$3.12B-$3.00B-$1.87B
Free cash flow$13.34B$4.58B-$3.83B-$4.05B-$2.06B

Quarterly results

Fiscal quarterQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$1.86B$966.00M$108.00M$142.00M$1.02B$678.00M$389.00M$145.00M
Net income$13.00M-$1.12B-$971.00M-$825.00M-$200.00M$1.99B-$1.34B-$782.00M
Diluted EPS$0.03-$2.91-$2.52-$2.13-$0.51-$2.11-$3.40-$1.97

Sources

Figures come from Moderna, Inc.'s SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.

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