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Moderna MRNA Cambridge leases — Area of office space (in sqft)

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Other financials

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

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Market cap$21.5B+107%
Enterprise value$21.01B+113%
P/S9.7×+6.3×

Profitability

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Gross margin23.4%-29.1pp
Operating margin-149%+99.9pp
Net margin-141.4%+141pp
FCF margin-132.4%

Returns & leverage

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

Where this comes from

Reported directly by Moderna in its filing.

Tagged under the XBRL concept us-gaap:AreaOfRealEstateProperty.

The source filing: Moderna’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 4:10 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001682852-26-000060

Our primary leased campus is our Moderna Science Center (MSC), located in Cambridge, which serves as our headquarters. The MSC, comprising approximately 462,000 square feet, includes our principal executive office and additional office and laboratory spaces. The MSC lease commenced in the third quarter of 2023 and has a term of 15 years, with options for two additional seven-year extensions.

Item 1. Financial Statements (Unaudited)

FAQ

What is Moderna's cambridge leases — area of office space (in sqft)?
Moderna (MRNA) reported cambridge leases — area of office space (in sqft) of $462K in Q1 2026.
How has Moderna's cambridge leases — area of office space (in sqft) changed year-over-year?
Moderna's cambridge leases — area of office space (in sqft) decreased by 0.0% year-over-year, from $462K to $462K.
What is the long-term trend for Moderna's cambridge leases — area of office space (in sqft)?
Over 4 years (2021 to 2025), Moderna's cambridge leases — area of office space (in sqft) has grown at a 12.4% compound annual growth rate (CAGR), from $1.16M to $1.85M.
What does cambridge leases — area of office space (in sqft) mean?
This metric represents the total square footage of office and laboratory space leased by the company within the Cambridge, Massachusetts hub. It serves as a proxy for the company's physical footprint and operational capacity in a key biotech innovation cluster. Tracking this area helps investors understand the scale of the company's research and development infrastructure.

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