Discontinued — last reported Q3 '25

Products & Services · Remaining performance obligations

Net product sales — Remaining performance obligations

Moderna Net product sales — Remaining performance obligations decreased by 49.4% to $79.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 78.1%, from $361.00M to $79.00M. Over 2 years (FY 2022 to FY 2024), Net product sales — Remaining performance obligations shows a downward trend with a -67.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ3 2021
Last reportedQ3 2025Nov 6, 2025
Rolls up toDeferred Revenue

How to read this metric

An increase indicates a growing backlog of contracted revenue, which provides better visibility into future financial performance.

Detailed definition

This represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsat...

Peer comparison

Standard metric reported under ASC 606, comparable to 'backlog' or 'deferred revenue' in companies with long-term commercial contracts.

Metric ID: mrna_segment_net_product_sales_remaining_performance_obligations

Historical Data

17 periods
 Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$7.90B$6.20B$5.50B$4.00B$3.90B$2.00B$1.20B$1.00B$1.40B$554.00M$522.00M$645.00M$361.00M$130.00M$96.00M$156.00M$79.00M
QoQ Change-21.5%-11.3%-27.3%-2.5%-48.7%-40.0%-16.7%+40.0%-60.4%-5.8%+23.6%-44.0%-64.0%-26.2%+62.5%-49.4%
YoY Change-50.6%-67.7%-78.2%-75.0%-64.1%-72.3%-56.5%-35.5%-74.2%-76.5%-81.6%-75.8%-78.1%
Range$79.00M$7.90B
CAGR-68.4%
Avg YoY Growth-68.2%
Median YoY Growth-74.2%

Frequently Asked Questions

What is Moderna's net product sales — remaining performance obligations?
Moderna (MRNA) reported net product sales — remaining performance obligations of $79.00M in Q3 2025.
How has Moderna's net product sales — remaining performance obligations changed year-over-year?
Moderna's net product sales — remaining performance obligations decreased by 78.1% year-over-year, from $361.00M to $79.00M.
What is the long-term trend for Moderna's net product sales — remaining performance obligations?
Over 2 years (2022 to 2024), Moderna's net product sales — remaining performance obligations has grown at a -67.2% compound annual growth rate (CAGR), from $15.40B to $1.66B.
What does net product sales — remaining performance obligations mean?
The value of future sales that are already under contract but have not yet been delivered or recognized as revenue.