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Moderna, Inc. (MRNA) Stock: Price, Forecast & Analyst Target

Moderna, Inc. (MRNA) — MoonshotScore 31/100 (Weak band), calculated Oct 4, 2026. Price $190.01 (+0.57%), as of the Oct 2, 2026 trading session; market cap $75.4B. Expected results Nov 5, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 14.67× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Nov 5, 2026

$190.01 +$1.07 (+0.57%) Market Cap $75.4B

Moderna, Inc. · MRNA · NASDAQ · Healthcare · Biotechnology

Research dated 2026-09-12: Moderna sells messenger RNA vaccines and is using the same platform to develop medicines across infectious disease, cancer, rare conditions, cardiovascular disease and autoimmune disorders. Commercial revenue has retreated sharply while research spending and losses remain substantial, so the business now depends on marketed products gaining traction before cash consumption erodes its financial flexibility.

Price as of Oct 2, 2026

Key Statistics

31 of 100

MoonshotScore v2 · Moderna (MRNA)

Weak
Business Quality Thin (20)
Financial Safety Okay (44)
Valuation Full (42)
Growth Durability Fading (24)
Momentum Surging (100)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Strong price action running well ahead of the business — bottom-tier quality underneath; a move to treat with suspicion, not chase. Business Quality: Thin; Financial Safety: Okay; Valuation: Full; Growth Durability: Fading; Momentum: Surging.

  • quarterly revenue $145M (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 8 of 8
  • Altman Z 10.99 · Piotroski F 2

Holding back: weak fundamentals, soft growth

Helping: positive momentum

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for MRNA (29 recorded, newest six shown)
RecordedScoreBand
31Weak
31Weak
31Weak
31Weak
31Weak
31Weak

The score was 31 in the stored Oct 3, 2026 snapshot and remains 31 in the current publication computed Oct 4, 2026 (0).

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

As of
MeasureValue
Latest provided price$190.01
Change on the day+0.57%
52-week range$22.28–$208.90
Market capitalisation$75.4B
Price / earnings (trailing)-11.50
Shares traded on the day10.29M
Beta (volatility vs the S&P 500)0.9

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $24, high $199, latest $190. 4 reported quarters marked, 4 above and 0 below the recorded estimate. 1 other dated event marked. $199 $24 high $199 Nov 6, 2025 · Earnings results · reported above the recorded estimate · close $251Feb 13, 2026 · Earnings results · reported above the recorded estimate · close $422May 1, 2026 · Earnings results · reported above the recorded estimate · close $453Jul 31, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $554Jul 31, 2026 · Earnings results · reported above the recorded estimate · close $555 Sep 5, 2025 Oct 2, 2026 · $190 $25Sep 5, 2025$25Sep 19, 2025$28Oct 3, 2025$26Oct 17, 2025$27Oct 31, 2025$25Nov 14, 2025$26Nov 28, 2025$29Dec 12, 2025$31Dec 26, 2025$34Jan 9, 2026$49Jan 23, 2026$41Feb 6, 2026$50Feb 20, 2026$53Mar 6, 2026$51Mar 20, 2026$49Apr 2, 2026$54Apr 17, 2026$45May 1, 2026$49May 15, 2026$47May 29, 2026$50Jun 12, 2026$67Jun 26, 2026$68Jul 10, 2026$54Jul 24, 2026$59Aug 7, 2026$145Aug 21, 2026$146Sep 4, 2026$154Sep 18, 2026$190Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • Overall, we are pleased with our first half performance and are reiterating our expectation for revenue growth of up to 10% in 2026.

    James Mock · Statement from

  • We continue to expect a roughly 50-50 split between U.S. and international revenue for the full year, and we expect third quarter revenue will represent approximately 55% of our second half revenue.

    James Mock · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Other perspectives

Council score for Moderna (MRNA): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Weak
Momentum Strong
Business Quality Weak
Financial Safety Neutral
Valuation Neutral

Legends Council

6 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Favorable read
Simons-style lens (simulated) Jim Simons Favorable read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Unfavorable read

Read on: Sep 25, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Negative
Margin of Safety Overvalued
Profit Margin Weak
Revenue Growth Negative
Debt/Equity Moderate
ROE Negative
Gross Margin Negative

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as overvalued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the MRNA film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Moderna (MRNA), and what does it report?

Short answer · as of

Moderna discovers, develops and commercializes messenger RNA vaccines and therapeutics across global markets.

Research dated 2026-09-12.

Moderna discovers, develops and commercializes messenger RNA vaccines and therapeutics across global markets. Its pipeline reaches far beyond respiratory disease, but the reported revenue line currently reflects product sales rather than broad commercial contribution from that pipeline.

That distinction matters: the financial statements measure a product business supporting a much larger research portfolio. Research spending exceeded annual revenue in the latest fiscal period, while the income statement continued to record a deep net loss.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands)

2 · Latest results

What do the latest results show for Moderna (MRNA)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $145M.

Research dated 2026-09-12.

Revenue contracted again in the latest reporting period, yet gross profit returned to positive territory and the operating loss narrowed sharply from the preceding period. Research spending was broadly stable, leaving the company deeply loss-making despite results that exceeded prevailing revenue and earnings expectations.

Management continues to call for annual revenue growth, attributing that outlook to strategic partnerships in the United Kingdom, Canada and Australia and continued growth from mNEXSPIKE. That expectation is not yet demonstrated by the latest reported revenue pattern, and operating cash flow remained negative.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$145.00M Jun 30, 2026
Latest quarter · R&D
$651.00M Jun 30, 2026
Latest quarter · SG&A
$216.00M Jun 30, 2026
Latest quarter · FMP standardized operating result
−$815.00M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$145.00M$651.00M$216.00M−$815.00M
Mar 31, 2026$389.00M$649.00M$173.00M−$1.39B
Dec 31, 2025$678.00M$775.00M$308.00M−$857.00M
Sep 30, 2025$1.02B$801.00M$268.00M−$260.00M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$145.00M Jul 31, 2026
Latest report · revenue estimate
$102.93M Jul 31, 2026
Latest report · revenue vs estimate
Above estimate Jul 31, 2026
Latest report · EPS vs estimate
Above estimate Jul 31, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Jul 31, 2026$145.00M$102.93M−$1.9700−$2.0300
May 1, 2026$389.00M$236.36M−$3.4000−$4.4500
Feb 13, 2026$678.00M$635.15M−$2.1100−$2.5400
Nov 6, 2025$1.02B$920.86M−$0.5100−$1.8700

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$145M-$782M-$1.96 (diluted)
Q1 FY2026$389M-$1.34B-$3.40 (diluted)
Q4 FY2025$678M-$826M-$2.11 (diluted)
Q3 FY2025$1.02B-$200M-$0.51 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Moderna (MRNA)?

Short answer

Cash and short-term investments were $5.14B at the Jun 30, 2026 balance-sheet date. Operating cash flow was −$526.00M for the quarter ended Jun 30, 2026, meaning operations used cash. These figures do not establish a cash runway.

Research dated 2026-09-12.

Moderna retains a substantial liquidity cushion: cash and investments exceed total liabilities, while cash and short-term investments comfortably exceed debt. The broader liquidity total includes longer-dated investments, making cash and short-term holdings the more conservative measure of readily available funding.

The vulnerability is sustained cash use. Cash and short-term investments have declined across the reported window, operations consumed cash in the latest periods, and a straight-line continuation of recent spending implies limited runway without commercial improvement or financing.

Market value stands far above net cash, so the valuation rests mainly on future product economics rather than balance-sheet support. Negative trailing margins and returns reinforce how much operating repair remains necessary.

Sources (as of 2026-09-12): Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash runway cross-check (ours); Cash against market value; Operating cash flow by quarter (USD millions); Trailing twelve-month ratio set

Data-derived red flags

  • Negative return on equity (-36.7%) — the business is not currently generating profit on shareholder capital.
  • Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
−$526.00M Jun 30, 2026
Previous quarter · operating cash flow
−$630.00M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026−$526.00M−$37.00M
Mar 31, 2026−$630.00M−$62.00M
Dec 31, 2025$951.00M−$39.00M
Sep 30, 2025−$847.00M−$33.00M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Moderna (MRNA)?

Short answer · as of

The next earnings report is expected on Nov 5, 2026.

Research dated 2026-09-12.

The next earnings release needs to show a revenue rebound consistent with management’s expected sales phasing. Progress should also appear in mNEXSPIKE growth and in contributions from the United Kingdom, Canada and Australia, while the geographic mix remains broadly balanced between domestic and international markets.

Revenue alone will not settle the issue. Gross profit needs to remain positive, operating losses must keep narrowing, and operating cash use should moderate; otherwise the liquidity cushion will continue shrinking even if reported sales improve.

A recent filing disclosed a material agreement alongside an unregistered equity issuance. Subsequent changes in financing and share count therefore deserve attention alongside operating results.

Sources (as of 2026-09-12): Next earnings report; Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Recent SEC filings

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. Overall, we are pleased with our first half performance and are reiterating our expectation for revenue growth of up to 10% in 2026.

    James Mock ·

  2. We continue to expect a roughly 50-50 split between U.S. and international revenue for the full year, and we expect third quarter revenue will represent approximately 55% of our second half revenue.

    James Mock ·

  3. We still expect total revenue to grow up to 10% in 2026 with the geographic mix and quarterly phasing I previously mentioned.

    James Mock ·

  4. For 2026, we continue to expect revenue growth of up to 10%, driven by our long-term strategic partnerships in the United Kingdom, Canada and Australia and supported by the continued growth of mNEXSPIKE.

    Stephen Hoge ·

5 · Peer comparison

How does Moderna compare with its peers?

Short answer

Moderna's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

Moderna combines commercial product sales with a messenger RNA pipeline spanning respiratory vaccines, latent viruses, cancer vaccines, regenerative treatments and systemic medicines. That breadth gives the platform several routes to commercial relevance, supported by alliances with pharmaceutical companies, public agencies and foundations.

Its finances still resemble a development-heavy biotechnology business more than a mature vaccine franchise: revenue is volatile, research spending exceeds current sales, and profitability remains distant in prevailing estimates. Forecast ranges widen materially over time, showing substantial disagreement about how much of the pipeline will translate into revenue.

Sources (as of 2026-09-12): Business description; Revenue by segment; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands); Analyst revenue and earnings estimates (average)

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Exelixis, Inc. (EXEL) Named competitor$58.39 Oct 2, 2026$14.7B98 5-pillar Oct 4, 2026
Incyte Corporation (INCY) Same industry, near in market value$115.30 Oct 2, 2026$23.4B98 5-pillar Oct 4, 2026
Vertex Pharmaceuticals Incorporated (VRTX) Same industry, near in market value$504.73 Oct 2, 2026$128B97 5-pillar Oct 4, 2026
argenx SE (ARGX) Same industry, near in market value$919.21 Oct 2, 2026$57.2B97 5-pillar Oct 4, 2026
United Therapeutics Corporation (UTHR) Same industry, near in market value$541.70 Oct 2, 2026$23.0B97 5-pillar Oct 4, 2026
Regeneron Pharmaceuticals, Inc. (REGN) Same industry, near in market value$735.20 Oct 2, 2026$75.7B94 5-pillar Oct 4, 2026
Novo Nordisk A/S (NVO) Same industry, near in market value$37.32 Oct 2, 2026$166B91 5-pillar Oct 4, 2026
Neurocrine Biosciences, Inc. (NBIX) Same industry, near in market value$143.18 Oct 2, 2026$14.4B90 5-pillar Oct 4, 2026
Alnylam Pharmaceuticals, Inc. (ALNY) Same industry, near in market value$219.72 Oct 2, 2026$29.4B89 5-pillar Oct 4, 2026
Ascendis Pharma A/S (ASND) Same industry, near in market value$227.87 Oct 2, 2026$14.2B88 5-pillar Oct 4, 2026
Royalty Pharma plc (RPRX) Same industry, near in market value$57.16 Oct 2, 2026$25.3B74 5-pillar Oct 4, 2026
Revolution Medicines, Inc. (RVMD) Named competitor$206.64 Oct 2, 2026$43.9B56 5-pillar Oct 4, 2026
Moderna (MRNA) — this page$190.01$75.4B31

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

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The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$25.00 – $245.00
Consensus target
$115.70
Median target
$122.50

Consensus record · Captured .

Measured against a quoted price of $190.01 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 15, 2026

Transactions
60
Identified insiders
5
Purchases
0
Sales
10
Other transactions
50

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
81.9% Period end Jun 30, 2026
Previous quarter · ownership
78.0% Prior to period end Jun 30, 2026
Reporting holders
863 Period end Jun 30, 2026
Previous quarter · holders
800 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Fmr LLC51,859,891
Blackrock, INC.30,599,409
Vanguard Capital Management LLC23,208,792
Capital World Investors22,276,996
Baillie Gifford & Co18,206,778

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Moderna (MRNA)?

Read these with our analysis →

MRNA Healthcare Stock FAQ

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

Why does mNEXSPIKE matter to Moderna’s revenue outlook?

Management identifies continued mNEXSPIKE growth as a support for expected annual revenue expansion. Its commercial progress is therefore a direct test of whether Moderna can rebuild sales while the broader pipeline remains under development.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Business description

How do Moderna’s United Kingdom, Canada and Australia partnerships affect revenue?

Management expects long-term strategic partnerships in those markets to help drive annual growth. Their contribution should appear alongside the anticipated balance between domestic and international revenue.

Sources (as of 2026-09-12): Management outlook — dated call excerpts

What is Moderna developing beyond respiratory vaccines?

The messenger RNA pipeline includes candidates targeting latent viruses, cancer, rare conditions, cardiovascular disease, autoimmune disorders, regenerative medicine and pulmonary delivery. These programs broaden the platform opportunity, but current reporting still centers on product sales.

Sources (as of 2026-09-12): Business description; Revenue by segment

Can product sales finance Moderna’s messenger RNA research program?

Current product revenue does not cover the research burden and wider operating cost base, leaving operations cash consumptive. Existing liquidity provides funding capacity, but continued burn makes commercial progress important to preserving that cushion.

Sources (as of 2026-09-12): Annual revenue and net result (USD millions); Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and short-term investments over time (USD millions); Cash runway cross-check (ours)

What is the MRNA stock price today?

The last price recorded on this page for Moderna, Inc. (MRNA) is $190.01, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the MRNA price target?

The analyst consensus price target for Moderna, Inc. (MRNA) is $115.70 (range $25.00 to $245.00, median $122.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Legal name; Business description; Annual revenue and net result (USD millions); Quarterly income statement (USD thousands); Management outlook — dated call excerpts

Sources — records for every figure on this page (81 figures)

The 81 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsJames Mock (Jul 31, 2026): Overall, we are pleased with our first half performance and are reiterating our expectation for revenue growth of up to 10% in 2026. James Mock (Jul 31, 2026): We continue to expect a roughly 50-50 split between U.S. and international revenue for the full year, and we expect third quarter revenue will represent approximately 55% of our second half revenue. James Mock (Jul 31, 2026): We still expect total revenue to grow up to 10% in 2026 with the geographic mix and quarterly phasing I previously mentioned. Stephen Hoge (Jul 31, 2026): For 2026, we continue to expect revenue growth of up to 10%, driven by our long-term strategic partnerships in the United Kingdom, Canada and Australia and supported by the continued growth of mNEXSPIKE.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business addressCambridge, MAOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "325 Binney Street, Cambridge, MA, 02142, US".

FMP — 71 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 5, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$190.01FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T19:24:35.517Z.
px.changeChange on the day+0.57%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalization$75.4BFMPFinancial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-02. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars+$1.07FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$145MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$22.28–$208.90FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)-11.50FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day10.29MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta0.9FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveStéphane BancelFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees4,700FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $17.74B, net result $12.20B; FY2022 revenue $18.88B, net result $8.36B; FY2023 revenue $6.85B, net result −$4.71B; FY2024 revenue $3.20B, net result −$3.56B; FY2025 revenue $1.94B, net result −$2.82BFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.rev_mixReported revenue segmentsCOVID $1.81B · Grant revenue $22.00M · Collaboration revenue $13.00M · Licensing and royalty revenue $11.00M · Stand-ready manufacturing revenue $80.00MFMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
fin.gross_marginGross margin (trailing twelve months)-12.6%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$145.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.rd_kR&D — period end 2026-06-30$651.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$216.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30−$815.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$389.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.rd_kR&D — period end 2026-03-31$649.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$173.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31−$1.39BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$678.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.rd_kR&D — period end 2025-12-31$775.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$308.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31−$857.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$1.02BPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.rd_kR&D — period end 2025-09-30$801.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$268.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30−$260.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-07-31.revenue_actualRevenue · reported — report date 2026-07-31$145.00MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-31.revenue_estimatedRevenue · estimate — report date 2026-07-31$102.93MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-31.eps_actualEPS · reported — report date 2026-07-31−$1.9700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-07-31.eps_estimatedEPS · estimate — report date 2026-07-31−$2.0300Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-01.revenue_actualRevenue · reported — report date 2026-05-01$389.00MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-01.revenue_estimatedRevenue · estimate — report date 2026-05-01$236.36MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-01.eps_actualEPS · reported — report date 2026-05-01−$3.4000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-01.eps_estimatedEPS · estimate — report date 2026-05-01−$4.4500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-13.revenue_actualRevenue · reported — report date 2026-02-13$678.00MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-13.revenue_estimatedRevenue · estimate — report date 2026-02-13$635.15MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-13.eps_actualEPS · reported — report date 2026-02-13−$2.1100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-13.eps_estimatedEPS · estimate — report date 2026-02-13−$2.5400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-06.revenue_actualRevenue · reported — report date 2025-11-06$1.02BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-06.revenue_estimatedRevenue · estimate — report date 2025-11-06$920.86MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-06.eps_actualEPS · reported — report date 2025-11-06−$0.5100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-06.eps_estimatedEPS · estimate — report date 2025-11-06−$1.8700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$5.14BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow−$526.00MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30−$526.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31−$630.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$37.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$62.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$951.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$39.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30−$847.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$33.00MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$25.00 – $245.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$115.70FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$122.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP60 transactions · 0 purchases, 10 sales, 50 other transactions · 5 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 15, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership81.9%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership78.0%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders863FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders800FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesFmr LLC — shares in provider snapshot51,859,891FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesBlackrock, INC. — shares in provider snapshot30,599,409FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesVanguard Capital Management LLC — shares in provider snapshot23,208,792FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesCapital World Investors — shares in provider snapshot22,276,996FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesBaillie Gifford & Co — shares in provider snapshot18,206,778FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 8 of 8UNRECORDEDStored earnings-history observation — Captured 2026-09-21 · Expired observation
fin.scoresDistress and quality screensAltman Z 10.99 · Piotroski F 2UNRECORDEDStored financial-scores observation — Captured 2026-10-03 · Expired observation
fin.ratiosReturn and yield ratios (trailing twelve months)ROE -36.7% · ROA -27.8% · current ratio 2.41 · earnings yield -13.5% · free-cash-flow yield -6.6%—UNRECORDEDStored key metrics — Date unknown

COMPUTED — 3 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments14.67×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $5.14B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
earn.history.depth.2026-07-31.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($145.00M) with the recorded estimate ($102.93M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-07-31.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS (−$1.9700) with the recorded estimate (−$2.0300) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v231 of 100 · Weak · pillars 20 / 44 / 42 / 24 / 100OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement31 (stored snapshot Oct 3, 2026) → 31 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.rd_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.rd_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.rd_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.rd_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-07-31. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-07-31.revenue_actual, earn.history.depth.2026-07-31.revenue_estimated, earn.history.depth.2026-07-31.revenue_actual.comparison, earn.history.depth.2026-07-31.eps_actual.comparison, earn.history.depth.2026-07-31.eps_actual, earn.history.depth.2026-07-31.eps_estimated, earn.history.depth.2026-05-01.revenue_actual, earn.history.depth.2026-05-01.revenue_estimated, earn.history.depth.2026-05-01.eps_actual, earn.history.depth.2026-05-01.eps_estimated, earn.history.depth.2026-02-13.revenue_actual, earn.history.depth.2026-02-13.revenue_estimated, earn.history.depth.2026-02-13.eps_actual, earn.history.depth.2026-02-13.eps_estimated, earn.history.depth.2025-11-06.revenue_actual, earn.history.depth.2025-11-06.revenue_estimated, earn.history.depth.2025-11-06.eps_actual, earn.history.depth.2025-11-06.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Legal name
Moderna, Inc.
2026-02-20OFFICIALSEC EDGAR — 10-K filed 2026-02-20
Business description
Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $3.13B, Revenue: $1.94B, Period end: 2025-12-31, Net result: -$2.82B
  • FY2024 — R&D: $4.54B, Revenue: $3.20B, Period end: 2024-12-31, Net result: -$3.56B
  • FY2023 — R&D: $4.84B, Revenue: $6.85B, Period end: 2023-12-31, Net result: -$4.71B
  • FY2022 — R&D: $3.29B, Revenue: $18.88B, Period end: 2022-12-31, Net result: $8.36B
  • FY2021 — R&D: $1.99B, Revenue: $17.74B, Period end: 2021-12-31, Net result: $12.20B
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: -$1.96 per share, R&D: $651.00M, SG&A: $216.00M, EPS basic: -$1.96 per share, EPS basis: diluted, Revenue: $145.00M, EPS diluted: -$1.96 per share, Net result: -$782.00M, Gross profit: $52.00M, Operating result: -$815.00M
  • Quarter ended 2026-03-31 — EPS: -$3.4 per share, R&D: $649.00M, SG&A: $173.00M, EPS basic: -$3.4 per share, EPS basis: diluted, Revenue: $389.00M, EPS diluted: -$3.4 per share, Net result: -$1.34B, Gross profit: -$566.00M, Operating result: -$1.39B
  • Quarter ended 2025-12-31 — EPS: -$2.11 per share, R&D: $775.00M, SG&A: $308.00M, EPS basic: -$2.11 per share, EPS basis: diluted, Revenue: $678.00M, EPS diluted: -$2.11 per share, Net result: -$826.00M, Gross profit: $226.00M, Operating result: -$857.00M
  • Quarter ended 2025-09-30 — EPS: -$0.51 per share, R&D: $801.00M, SG&A: $268.00M, EPS basic: -$0.51 per share, EPS basis: diluted, Revenue: $1.02B, EPS diluted: -$0.51 per share, Net result: -$200.00M, Gross profit: $8.00M, Operating result: -$260.00M
  • Quarter ended 2025-06-30 — EPS: -$2.13 per share, R&D: $700.00M, SG&A: $230.00M, EPS basic: -$2.13 per share, EPS basis: diluted, Revenue: $142.00M, EPS diluted: -$2.13 per share, Net result: -$825.00M, Gross profit: $23.00M, Operating result: -$907.00M
  • Quarter ended 2025-03-31 — EPS: -$2.52 per share, R&D: $856.00M, SG&A: $212.00M, EPS basic: -$2.52 per share, EPS basis: diluted, Revenue: $107.00M, EPS diluted: -$2.52 per share, Net result: -$971.00M, Gross profit: $17.00M, Operating result: -$1.05B
  • Quarter ended 2024-12-31 — EPS: -$2.91 per share, R&D: $1.12B, SG&A: $351.00M, EPS basic: -$2.91 per share, EPS basis: diluted, Revenue: $956.00M, EPS diluted: -$2.91 per share, Net result: -$1.12B, Gross profit: $217.00M, Operating result: -$1.25B
  • Quarter ended 2024-09-30 — EPS: $0.0326 per share, R&D: $1.14B, SG&A: $281.00M, EPS basic: $0.0338 per share, EPS basis: diluted, Revenue: $1.85B, EPS diluted: $0.0326 per share, Net result: $13.00M, Gross profit: $1.34B, Operating result: -$70.00M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-07-31 — Quote: Overall, we are pleased with our first half performance and are reiterating our expectation for revenue growth of up to 10% in 2026., Speaker: James Mock
  • Call of 2026-07-31 — Quote: We continue to expect a roughly 50-50 split between U.S. and international revenue for the full year, and we expect third quarter revenue will represent approximately 55% of our second half revenue., Speaker: James Mock
  • Call of 2026-07-31 — Quote: We still expect total revenue to grow up to 10% in 2026 with the geographic mix and quarterly phasing I previously mentioned., Speaker: James Mock
  • Call of 2026-07-31 — Quote: For 2026, we continue to expect revenue growth of up to 10%, driven by our long-term strategic partnerships in the United Kingdom, Canada and Australia and supported by the continued growth of mNEXSPIKE., Speaker: Stephen Hoge

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-07-31OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Revenue by segment
Product Sales: $3.30B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$37.00M, Operating cash flow: -$526.00M
  • Quarter ended 2026-03-31 — Capital expenditure: -$62.00M, Operating cash flow: -$630.00M
  • Quarter ended 2025-12-31 — Capital expenditure: -$39.00M, Operating cash flow: $951.00M
  • Quarter ended 2025-09-30 — Capital expenditure: -$33.00M, Operating cash flow: -$847.00M
  • Quarter ended 2025-06-30 — Capital expenditure: -$3.00M, Operating cash flow: -$919.00M
  • Quarter ended 2025-03-31 — Capital expenditure: -$127.00M, Operating cash flow: -$1.04B
  • Quarter ended 2024-12-31 — Capital expenditure: -$522.00M, Operating cash flow: $825.00M
  • Quarter ended 2024-09-30 — Capital expenditure: -$151.00M, Operating cash flow: -$1.57B
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-07-31 — EPS actual: -$1.97 per share, EPS estimated: -$2.03 per share, Revenue actual: $145.00M, Revenue estimated: $102.93M
  • Reported 2026-05-01 — EPS actual: -$3.4 per share, EPS estimated: -$4.45 per share, Revenue actual: $389.00M, Revenue estimated: $236.36M
  • Reported 2026-02-13 — EPS actual: -$2.11 per share, EPS estimated: -$2.54 per share, Revenue actual: $678.00M, Revenue estimated: $635.15M
  • Reported 2025-11-06 — EPS actual: -$0.51 per share, EPS estimated: -$1.87 per share, Revenue actual: $1.02B, Revenue estimated: $920.86M
  • Reported 2025-08-01 — EPS actual: -$2.13 per share, EPS estimated: -$2.99 per share, Revenue actual: $142.00M, Revenue estimated: $893.29M
  • Reported 2025-05-01 — EPS actual: -$2.52 per share, EPS estimated: -$2.92 per share, Revenue actual: $107.00M, Revenue estimated: $116.75M
  • Reported 2025-02-14 — EPS actual: -$2.5 per share, EPS estimated: -$2.68 per share, Revenue actual: $956.00M, Revenue estimated: $942.82M
  • Reported 2024-11-07 — EPS actual: $0.03 per share, EPS estimated: -$1.91 per share, Revenue actual: $1.85B, Revenue estimated: $1.25B
2026-07-31FMPFinancial Modeling Prep (FMP) earnings
Cash, investments and debt
Total debt: $1.29B; Liquidity basis: cash and short-term investments; Total liabilities: $4.20B; Cash and short-term investments: $5.14B; Cash and investments: $7.07B; Long-term investments: $1.93B; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $7.07B; Cash and short-term investments: $5.14B; Long-term investments: $1.93B; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $5.14B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $5.21B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $5.80B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $4.50B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $5.13B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $5.97B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $7.03B, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $6.87B, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $5.14B; Decline: $1.73B; Opening balance: $6.87B; Average change per period: $247.00M

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Cash runway cross-check (ours)
Years: 2.2; Method: cash and short-term investments of $5138M at 2026-06-30 divided by the annualized rate at which operations and capital spending used cash ($2361.5M per year); Reaches: 2028-08; Cash basis: cash and short-term investments; Cash: $5.14B; Annualized cash use: $2.36B

Rate taken from operating cash flow less capital expenditure over the 8 most recent reported quarters, annualized.; Measured from operations, not from the change in the cash balance — a company that raised money during the window would otherwise appear to be burning less than it is.; Assumes that rate continues unchanged: it ignores announced cost reductions, financing already arranged and any change in spending.; Assumes the reported cash and short-term investments are realizable for funding operations; restrictions and timing of access are not established by these provider fields. Long-term investments are excluded.; It is a cross-check, not a forecast, and the company's own statement about its runway outranks it.

2026-06-30COMPUTEDComputed from reported cash flow; assumptions stated
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $3.85B; Total debt: $1.29B; Cash and investments: $5.14B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Trailing twelve-month ratio set
Quick ratio: 2.18; Current ratio: 2.29; Debt to equity: 0.19; Net margin: -141.4%; Gross margin: -12.6%; Operating margin: -149%; Return on assets: -28.7%; Return on equity: -39.2%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Next earnings report
Date: 2026-11-05; EPS estimate: -$1.3114 per share; Revenue estimate: $894.99M

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Recent SEC filings2026-09-01OFFICIALSEC EDGAR filer submissions
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: -$4.77 per share, Revenue average: $2.39B, Revenue low: $1.95B, Revenue high: $2.96B, Analysts (revenue): 15
  • FY2028 — EPS average: -$2.82 per share, Revenue average: $3.31B, Revenue low: $2.14B, Revenue high: $7.16B, Analysts (revenue): 16
  • FY2029 — EPS average: $0.5 per share, Revenue average: $5.56B, Revenue low: $4.54B, Revenue high: $7.65B, Analysts (revenue): 14
  • FY2030 — EPS average: $3.42 per share, Revenue average: $7.56B, Revenue low: $6.17B, Revenue high: $10.40B, Analysts (revenue): 14
2026-09-12FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold MRNA

Funds in our ETF coverage that list MRNA among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
Global X - Genomics & Biotechnology ETF (GNOM)7.86%
iShares Genomics Immunology and Healthcare ETF (IDNA)6.57%
WisdomTree BioRevolution Fund (WDNA)4.46%
iShares Evolved U.S. Innovative Healthcare ETF (IEIH)4.33%
State Street SPDR S&P Biotech ETF (XBI)2.25%
Invesco ESG S&P 500 Equal Weight ETF (RSPE)0.96%
AGF U.S. Market Neutral Anti-Beta Fund (BTAL)0.80%