Moderna, Inc. logo

Moderna, Inc.

MRNA

NASDAQHealthcareBiotechnology

Previous close

$145.13

+$11.81 · +8.86%

Aug 21, 4:00 PM ET

MRNA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

24

Expensive

Momentum

82

Strong Up

Sentiment

50

Mixed

Risk resilience

54

Elevated Risk

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Company profile

Company website

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.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Stéphane Bancel
Listed since
Dec 7, 2018
Employees
4,700

Market position

Day range

Current $145.13

52-week range

Current $145.13

Open
$132.5
Previous close
$133.32
Volume
87.32M
7.8× average
Average volume
11.19M
Average daily volume
Market cap
57.59B USD
Beta
0.9
Market reference 1
50-day average
$67.6035
+114.68% above average
200-day average
$48.7267
+197.84% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.79B USD
P/E (TTM)
-18.19×
P/B (TTM)
8.5×
P/S (TTM)
25.85×
EV / EBITDA
-4.23×
Earnings yield
-24.60%
Free cash flow yield
-18.00%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-12.57%
Operating margin
-149.01%
Net margin
-141.43%
Return on equity
-32.62%
Return on assets
-22.87%
Return on invested capital
-29.70%

Financial health

Debt / equity
0.19×
Current ratio
3.29×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends110%12%-85%-182%Gross margin, FY2021: 85.24%Gross margin, FY2022: 71.31%Gross margin, FY2023: 31.47%Gross margin, FY2024: 54.24%Gross margin, FY2025: 55.35%Operating margin, FY2021: 74.97%Operating margin, FY2022: 49.91%Operating margin, FY2023: -61.90%Operating margin, FY2024: -123.32%Operating margin, FY2025: -158.13%Net margin, FY2021: 68.80%Net margin, FY2022: 44.30%Net margin, FY2023: -68.84%Net margin, FY2024: -111.32%Net margin, FY2025: -145.16%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 85.24%. Gross margin FY2022 71.31%. Gross margin FY2023 31.47%. Gross margin FY2024 54.24%. Gross margin FY2025 55.35%. Operating margin FY2021 74.97%. Operating margin FY2022 49.91%. Operating margin FY2023 -61.90%. Operating margin FY2024 -123.32%. Operating margin FY2025 -158.13%. Net margin FY2021 68.80%. Net margin FY2022 44.30%. Net margin FY2023 -68.84%. Net margin FY2024 -111.32%. Net margin FY2025 -145.16%.

Income trends

Revenue

1.94B USD-39.23%

Operating income

−3.07B USD+22.08%

Net income

−2.82B USD+20.75%
Income trends across reported periods21.23B USD11.8B USD2.36B USD−7.07B USDRevenue, FY2021: 17.74B USDRevenue, FY2022: 18.88B USDRevenue, FY2023: 6.85B USDRevenue, FY2024: 3.2B USDRevenue, FY2025: 1.94B USDOperating income, FY2021: 13.3B USDOperating income, FY2022: 9.42B USDOperating income, FY2023: −4.24B USDOperating income, FY2024: −3.95B USDOperating income, FY2025: −3.07B USDNet income, FY2021: 12.2B USDNet income, FY2022: 8.36B USDNet income, FY2023: −4.71B USDNet income, FY2024: −3.56B USDNet income, FY2025: −2.82B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 17.74B USD. Revenue FY2022 18.88B USD. Revenue FY2023 6.85B USD. Revenue FY2024 3.2B USD. Revenue FY2025 1.94B USD. Operating income FY2021 13.3B USD. Operating income FY2022 9.42B USD. Operating income FY2023 −4.24B USD. Operating income FY2024 −3.95B USD. Operating income FY2025 −3.07B USD. Net income FY2021 12.2B USD. Net income FY2022 8.36B USD. Net income FY2023 −4.71B USD. Net income FY2024 −3.56B USD. Net income FY2025 −2.82B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.94B USD3.2B USD6.85B USD18.88B USD17.74B USD
Cost of goods sold868M USD1.46B USD4.69B USD5.42B USD2.62B USD
Gross profit1.08B USD1.74B USD2.16B USD13.46B USD15.12B USD
Research and development3.13B USD4.54B USD4.85B USD3.3B USD1.99B USD
Selling, general, and administrative1.02B USD1.17B USD1.55B USD1.13B USD567M USD
Operating expenses4.15B USD5.68B USD6.39B USD4.04B USD1.82B USD
Interest income314M USD425M USD421M USD200M USD18M USD
Interest expense10M USD24M USD38M USD29M USD18M USD
Depreciation and amortization215M USD189M USD621M USD348M USD232M USD
Operating income−3.07B USD−3.95B USD−4.24B USD9.42B USD13.3B USD
Net income−2.82B USD−3.56B USD−4.71B USD8.36B USD12.2B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+39.82%
11 comparable reports
Latest EPS result
-1.97
Estimate -2.03 · Beat by 2.96%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.43-1.88-3.32-4.77Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 14, 2025: actual -2.5, estimate -2.68, surprise +6.72%, Beat. Q2 2025, reported May 1, 2025: actual -2.52, estimate -2.92, surprise +13.70%, Beat. Q3 2025, reported Aug 1, 2025: actual -2.13, estimate -2.99, surprise +28.76%, Beat. Q4 2025, reported Nov 6, 2025: actual -0.51, estimate -1.87, surprise +72.73%, Beat. Q1 2026, reported Feb 13, 2026: actual -2.11, estimate -2.54, surprise +16.93%, Beat. Q2 2026, reported May 1, 2026: actual -3.4, estimate -4.45, surprise +23.60%, Beat. Q3 2026, reported Jul 31, 2026: actual -1.97, estimate -2.03, surprise +2.96%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate -1.4, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.09B755.19M421.34M87.49MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 14, 2025: actual 956M USD, estimate 942.82M USD, surprise +1.40%, Beat. Q2 2025, reported May 1, 2025: actual 107M USD, estimate 116.75M USD, surprise -8.35%, Miss. Q3 2025, reported Aug 1, 2025: actual 142M USD, estimate 893.29M USD, surprise -84.10%, Miss. Q4 2025, reported Nov 6, 2025: actual 1.02B USD, estimate 920.86M USD, surprise +10.33%, Beat. Q1 2026, reported Feb 13, 2026: actual 678M USD, estimate 635.15M USD, surprise +6.75%, Beat. Q2 2026, reported May 1, 2026: actual 389M USD, estimate 236.36M USD, surprise +64.58%, Beat. Q3 2026, reported Jul 31, 2026: actual 145M USD, estimate 102.93M USD, surprise +40.87%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 872.92M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$106.44

26.66% downside
Past 12 months12-month forecastHigh $245Average $106.44Low $25.00

Rating distribution

28 ratings
Strong buy00%
Buy829%
Hold1657%
Sell414%
Strong sell00%

MRNA news

MRNA peers

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