What is Moderna's raw materials?

Moderna (MRNA) reported raw materials of $94M in Q1 2026.

How has Moderna's raw materials changed year-over-year?

Moderna's raw materials increased by 25.3% year-over-year, from $75M to $94M.

What is the long-term trend for Moderna's raw materials?

Over 5 years (2020 to 2025), Moderna's raw materials has grown at a 19.7% compound annual growth rate (CAGR), from $37M to $91M.

Current Assets

Raw materials

Moderna Raw materials increased by 3.3% to $94M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 25.3%, from $75M to $94M. Over 5 years (FY 2020 to FY 2025), Raw materials shows an upward trend with a 19.7% CAGR.

Analysis

StatementBalance Sheet Statement

SectionCurrent Assets

First reportedQ4 2020

Last reportedQ1 2026May 1, 2026

Parent metricInventories

Metric ID: inv_raw_materials

Historical Data

20 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	Q4 '25	Q1 '26
Value	$378M	$605M	$870M	$1.07B	$1.4B	$1.54B	$575M	$475M	$507M	$149M	$163M	$215M	$199M	$171M	$63M	$75M	$83M	$85M	$91M	$94M
QoQ Change	—	+60.1%	+43.8%	+23.2%	+30.6%	+10.1%	-62.7%	-17.4%	+6.7%	-70.6%	+9.4%	+31.9%	-7.4%	-14.1%	-63.2%	+19.0%	+10.7%	+2.4%	+7.1%	+3.3%
YoY Change	—	—	—	—	+270.4%	+154.7%	-33.9%	-55.7%	-63.8%	-90.3%	-71.7%	-54.7%	-60.7%	+14.8%	-61.3%	-65.1%	-58.3%	-50.3%	+44.4%	+25.3%
% of Inventories	58.8%	62.7%	60.4%	55.2%	72.9%	74.2%	63.2%	54.3%	70.1%	70.6%	95.9%	148.3%	123.6%	263.1%	42.0%	56.0%	65.4%	73.9%	79.8%	80.3%
Share Change	—	+3.9pp	-2.3pp	-5.2pp	+17.7pp	+1.3pp	-11.0pp	-8.8pp	+15.8pp	+0.5pp	+25.3pp	+52.4pp	-24.7pp	+139.5pp	-221.1pp	+14.0pp	+9.4pp	+8.6pp	+5.9pp	+0.5pp

Range$63M – $1.54B

CAGR-25.4%

Avg YoY Growth-9.8%

Median YoY Growth-55.2%

Current Streak5 quarters growth

Raw materials at Other Companies

ALN

Alnylam PharmaceuticalsALNY View metric

BiogenBIIB View metric

Gilead SciencesGILD View metric

Regeneron PharmaceuticalsREGN View metric

IncyteINCY View metric

Eli LillyLLY View metric

Frequently Asked Questions

What is Moderna's raw materials?: Moderna (MRNA) reported raw materials of $94M in Q1 2026.
How has Moderna's raw materials changed year-over-year?: Moderna's raw materials increased by 25.3% year-over-year, from $75M to $94M.
What is the long-term trend for Moderna's raw materials?: Over 5 years (2020 to 2025), Moderna's raw materials has grown at a 19.7% compound annual growth rate (CAGR), from $37M to $91M.