
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
Market Cap
$12.17B
P/E (TTM)
-3.9
40.4
Dividend Yield
--
52W High
$48.92
52W Low
$22.28
52W Range
Rank59Top 76.7%
2.6
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 2.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2024
Financial Dashboard
Q3 2025 Data
Revenue
$1.02B-45.23%
4-Quarter Trend
EPS
-$0.51-1608.88%
4-Quarter Trend
FCF
-$880.00M-48.75%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Product Sales Decline Net product sales $1.17B for nine months, down 46% versus prior year, driven by lower COVID vaccine demand.
Loss Reduction Achieved Net loss $(1.996)B for nine months, representing an 18% improvement due to disciplined operating expense management.
R&D Spending Streamlined Research and development expenses $2.36B year-to-date, decreasing 31% compared to 2024 due to trial wind-downs.
Operating Cash Usage Down Net cash used in operations $(2.803)B for nine months, usage decreased 27% from prior period due to lower net loss.
Risk Factors
COVID Sales Transition Anticipating full year 2025 sales decline as COVID transitions to seasonal vaccine with increased commercial competition.
Ongoing Patent Litigation Facing multiple patent infringement actions globally regarding mRNA platform technology and lipid nanoparticle components.
Manufacturing Cost Volatility Fixed nature of manufacturing costs creates variability in cost of sales percentage relative to fluctuating sales volume.
Outlook
Flu Vaccine Submissions Expected Expecting to complete regulatory submissions for seasonal flu vaccine (mRNA-1010) in US, Canada, EU by January 2026.
Oncology Pipeline Progress Advancing INT in multiple Phase 3 melanoma and NSCLC trials; PA therapeutic reached registrational study enrollment.
New Manufacturing Operational International mRNA manufacturing facilities in Australia and UK became operational in Q3 2025 supporting local supply.
Peer Comparison
Revenue (TTM)
BMRN$3.09B
EXEL$2.29B
MRNA$2.22B
Gross Margin (Latest Quarter)
IONS98.5%
EXEL96.9%
95.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| VRNA | $72.68B | -145.1 | -30.0% | 42.7% |
| RVMD | $15.57B | -15.9 | -49.2% | 7.0% |
| ROIV | $15.09B | -39.5 | -8.0% | 2.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.0%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention
Research & Insights
Next earnings:Feb 13, 2026
EPS:-$2.79
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $1.02B-45.2%|EPS: $-0.51-1608.9%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 1, 2025|Revenue: $142.00M-35.7%|EPS: $-2.13-36.0%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 1, 2025|Revenue: $107.00M-35.9%|EPS: $-2.52-18.2%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 21, 2025|Revenue: $3.20B-53.3%|EPS: $-9.27+24.9%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $1.86B+1.3%|EPS: $0.03-100.4%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $221.00M-35.8%|EPS: $-3.33-8.0%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 2, 2024|Revenue: $167.00M-90.9%|EPS: $-3.08-1640.0%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 23, 2024|Revenue: $6.85B-63.7%|EPS: $-12.34-158.0%Miss