Operating
Change in Inventories
Moderna Change in Inventories decreased by 106.6% to -$6.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 175.0%, from $8.00M to -$6.00M. Over 3 years (FY 2021 to FY 2024), Change in Inventories shows a downward trend with a -61.0% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ1 2026May 1, 2026
How to read this metric
A decrease is often positive as it signals efficient inventory turnover and cash release, provided it does not lead to stockouts.
Detailed definition
This metric tracks the change in the value of raw materials, work-in-progress, and finished goods held by the company. A...
Peer comparison
Highly dependent on industry; manufacturing and device companies typically maintain higher inventory levels than software firms.
Metric ID:
change_in_inventoriesHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $148.00M | $322.00M | $476.00M | $501.00M | -$21.00M | $156.00M | -$1.13B | -$216.00M | -$18.00M | -$228.00M | -$285.00M | $93.00M | $104.00M | $11.00M | -$291.00M | $8.00M | $114.00M | $91.00M | -$6.00M |
| QoQ Change | — | +117.6% | +47.8% | +5.3% | -104.2% | +842.9% | -823.1% | +80.9% | +91.7% | <-999% | -25.0% | +132.6% | +11.8% | -89.4% | <-999% | +102.7% | >999% | -20.2% | -106.6% |
| YoY Change | — | — | — | — | -114.2% | -51.6% | -337.0% | -143.1% | +14.3% | -246.2% | +74.7% | +143.1% | +677.8% | +104.8% | -2.1% | -91.4% | +9.6% | +727.3% | -175.0% |
Range-$1.13B – $501.00M
CAGR-50.9%
Avg YoY Growth+39.4%
Median YoY Growth-2.1%
Current Streak2 quarters decline
Change in Inventories at Other Companies
Frequently Asked Questions
- What is Moderna's change in inventories?
- Moderna (MRNA) reported change in inventories of -$6.00M in Q1 2026.
- How has Moderna's change in inventories changed year-over-year?
- Moderna's change in inventories decreased by 175.0% year-over-year, from $8.00M to -$6.00M.
- What is the long-term trend for Moderna's change in inventories?
- Over 3 years (2021 to 2024), Moderna's change in inventories has grown at a -61.0% compound annual growth rate (CAGR), from $1.39B to -$83.00M.
- What does change in inventories mean?
- The change in the value of products and materials held in stock.