Income StatementBalance SheetCash FlowSegments
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Moderna Income Statement

Revenue, expenses, and profitability over time

Moderna generated $2.2B in trailing twelve-month revenue, down 0.3% year-over-year. Net income was -$3.2B with a -143.55% net margin. Gross margin stands at 22.11% and operating margin at -153.35%. Diluted EPS is $-8.15, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$2.2BGross Profit (TTM)$492.0MOperating Income (TTM)-$3.4BNet Income (TTM)-$3.2BEps Diluted (TTM)$-8.15
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$18.9B
ROE-36.56%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-2.91$-2.52$-2.13$-0.51$-2.11$-3.40
Diluted earnings per share$-2.91$-2.52$-2.13$-0.51$-2.11$-3.40
Weighted-average shares, basic1M386M388M390M1M395M
Weighted-average shares, diluted1M386M388M390M1M395M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$351.0M$212.0M$230.0M$268.0M$308.0M$173.0M
Research and development$1.1B$856.0M$700.0M$801.0M$775.0M$649.0M
Total operating expenses$2.2B$1.2B$1.0B$1.3B$1.5B$1.8B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$227.0M$18.0M$23.0M$809.0M$226.0M-$566.0M
Operating income-$1.2B-$1.1B-$907.0M-$260.0M-$857.0M-$1.4B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Charges-$29.0M-$4.0M$8.0M$0.0-$12.0M-$18.0M
Interest income$91.0M$90.0M$81.0M$73.0M$70.0M$72.0M
Other income (expense), net-$29.0M-$4.0M$8.0M$0.0-$12.0M-$18.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$1.2B-$964.0M-$818.0M-$187.0M-$799.0M-$1.3B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense-$64.0M$7.0M$7.0M$13.0M$27.0M$9.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income-$1.1B-$971.0M-$825.0M-$200.0M-$826.0M-$1.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other income, net (Note 6)-$29.0M-$4.0M$8.0M$0.0-$12.0M-$18.0M
Revenue From Contract With Customer Excluding Assessed Tax$966.0M$108.0M$142.0M$1.0B$678.0M$389.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$739.0M$90.0M$119.0M$207.0M$452.0M$955.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$966.0M$108.0M$142.0M$1.0B$678.0M$389.0M