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Moderna, Inc.

NASDAQ•MRNA
CEO: Mr. Stephane Bancel
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2018-12-07
Moderna, Inc., a biotechnology company, discovers, develops, and commercializes messenger RNA therapeutics and vaccines for the treatment of infectious diseases, immuno-oncology, rare diseases, autoimmune, and cardiovascular diseases in the United States, Europe, and internationally. Its respiratory vaccines include COVID-19, influenza, and respiratory syncytial virus, spikevax, and hMPV/PIV3 vaccines; latent vaccines comprise cytomegalovirus, epstein-barr virus, herpes simplex virus, varicella zoster virus, and human immunodeficiency virus vaccines; public health vaccines consists of Zika, Nipah, Mpox vaccines; and infectious diseases vaccines, such as lyme and norovirus 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; rare disease intracellular therapeutics; and inhaled pulmonary therapeutics. It has strategic alliances and collaborations with AstraZeneca; Merck & Co., Inc; Vertex Pharmaceuticals Incorporated; Vertex Pharmaceuticals (Europe) Limited; Chiesi Farmaceutici S.p.A.; Metagenomi, Inc.; Carisma Therapeutics, Inc.; CytomX Therapeutics; Defense Advanced Research Projects Agency; Biomedical Advanced Research and Development Authority; Institute for Life Changing Medicines; The Bill & Melinda Gates Foundation; and OpenAI. 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.
Contact Information
200 Technology Square, Cambridge, MA, 02139, United States
617-714-6500
www.modernatx.com
Market Cap
$20.76B
P/E (TTM)
-7.3
17.9
Dividend Yield
--
52W High
$59.55
52W Low
$22.28
52W Range
81%
Rank54Top 78.1%
2.7
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 2.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2025

Financial Dashboard

Q4 2025 Data

Revenue

$678.00M+0.00%
4-Quarter Trend

EPS

-$2.11+0.00%
4-Quarter Trend

FCF

$912.00M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Product Sales Decline Net Product Sales fell 42% to $1.818B USD in 2025, driven by lower COVID vaccine volumes across all reporting regions.
Net Loss Narrowed Net Loss improved 21% to $(2.822)B USD in 2025, reflecting disciplined cost management and lower operating expenses overall.
mNEXSPIKE U.S. Leading mNEXSPIKE launched Q3 2025, now leading U.S. retail channel product, partially offsetting significant decline in legacy COVID sales.
Intismeran Data Sustained Intismeran (mRNA-4157) showed 5-year sustained recurrence reduction benefit when combined with KEYTRUDA in high-risk melanoma.

Risk Factors

COVID Sales Declining Net Product Sales dropped 42% to $1.818B USD in 2025 due to lower COVID vaccine volumes globally, impacting total revenue.
Competitive Market Pressure Intensely competitive vaccine and pharmaceutical markets limit effective competition for existing or new products and treatment methods.
Pipeline Execution Risk Executing near-term strategy and pipeline prioritization faces risks; failure impacts investment in oncology and rare disease programs.
Regulatory Uncertainty Impact Regulatory guidance changes impact future approvals, advisory committee recommendations, and product demand forecasts, increasing costs.

Outlook

2026 Revenue Growth Expected Expect revenue growth in 2026 from annualized impact of long-term partnerships and continued strong uptake of mNEXSPIKE in the U.S.
Pivotal Data Readouts Anticipated Anticipate pivotal trial data readouts in 2026 across oncology, rare disease, and infectious disease portfolios for key candidates.
Cost Efficiency Focus Plan to further reduce operating expenses in 2026 and 2027 leveraging global production network and digital/AI tools.
Flu Approval Target Set mRNA-1010 seasonal flu vaccine has FDA PDUFA goal date of August 5, 2026 for review following amended BLA submission.

Peer Comparison

Revenue (TTM)

JAZZ stock ticker logoJAZZ
$4.27B
+4.9%
BMRN stock ticker logoBMRN
$3.22B
+12.9%
EXEL stock ticker logoEXEL
$2.32B
+7.0%

Gross Margin (Latest Quarter)

JAZZ stock ticker logoJAZZ
97.9%
-12.3pp
IONS stock ticker logoIONS
96.1%
-0.7pp
EXEL stock ticker logoEXEL
95.6%
+0.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VRNA$72.68B-145.1-30.0%42.7%
MRNA$20.76B-7.3-30.1%15.5%
ROIV$20.08B-24.2-18.3%4.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
85.0%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Deep Research

Next earnings:Apr 29, 2026
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Financials
Earnings Calls
Reports
News
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Ratios
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LTM
No Data