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Moderna

MRNA

Moderna is a biotechnology company that pioneered a proprietary messenger RNA (mRNA) platform to develop a new class of medicines.

Market cap
$59.75B+512%
Revenue$2.2B-27.6%
Net income-$3.2B-8.5%
Free cash flow-$3.1B+29.3%
EPS (diluted)-$7.99-6.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$872.9M
EPS estimate-$1.40

Financials

Q2 2026

Income statement

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Revenue$145.0M+2.1%
Gross profit$52.0M+126%
Operating income-$815.0M+10.1%
Net income-$782.0M+5.2%
EPS (diluted)-$1.97+7.5%

Balance sheet

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Cash & equivalents$1.7B+34.5%
Total debt$1.2B+60.8%
Total equity$6.8B-28.1%
Total assets$11.0B-8.7%

Cash flow

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Operating cash flow-$526.0M+42.8%
CapEx$37.0M+1,133%
Free cash flow-$563.0M+38.9%

Valuation & ratios

Valuation

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Market cap$59.75B+512%
Enterprise value$59.26B+540%
P/S26.8×+23.6×

Profitability

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Gross margin23.4%-29.1pp
Operating margin-149%+99.9pp
Net margin-141.4%+141pp

Returns & leverage

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Return on equity-39%+28.0pp
Debt / equity0.2×+0.1×
Current ratio2.3×-1.6×

Competitors

Profile

Moderna is a biotechnology company that pioneered a proprietary messenger RNA (mRNA) platform to develop a new class of medicines. The company's technology functions as 'software' for life, instructing cellular machinery to produce specific proteins to prevent or treat infectious diseases, immuno-oncology, and rare genetic disorders. Their primary value proposition lies in a rapid, scalable manufacturing network and a versatile platform that can address multiple therapeutic areas using the same underlying science.

Competitive position

Moderna is a dominant leader in the mRNA space with a first-mover advantage in mRNA vaccines and a highly integrated global manufacturing footprint.

GeographiesUnited States, United Kingdom, Canada, Australia, Europe
Customer segmentsGovernments, Retail pharmacies, Healthcare systems
Business modelR&D intensive, Product manufacturing and sales, Strategic licensing and collaborations
SuppliersNucleotide suppliers, Lipid nanoparticle raw materials, Specialized laboratory equipment, Contract research organizations
CustomersPublic health departments, Wholesale pharmaceutical distributors, Retail pharmacy chains, Hospitals
Listed2018
Employees5.6K
CEOStéphane Bancel
FilingsSEC EDGAR

FAQ

What is Moderna's market cap?
Moderna (MRNA) has a market capitalization of $59.7B and trades on NASDAQ.
What is Moderna's revenue and profitability?
Moderna generated $2.2B in trailing twelve-month revenue with a net loss of $3.2B, representing a net margin of -141.4%. Gross margin stands at 23.4%, with free cash flow of -$3.1B. These figures are based on the Q2 2026 filing.
Who are Moderna's competitors?
Moderna's key competitors include Pfizer, GeoVax Labs, Inc. New, Arcturus Therapeutics Holdings Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Moderna partner with?
Moderna's notable partners include Merck & Co., Recordati, Pfizer, and others.
Where is Moderna headquartered?
Moderna is headquartered in United States of America and employs approximately 5,600 people. It has been publicly traded since 2018.