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Moderna MRNA Rest of world — Total Revenue

Other geography segments

Europe
$53M-91.1%

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Other financials

Income statement

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Revenue$389.0M+260%
Gross profit-$566.0M-3,244%
Operating income-$1.4B-32.2%
Net income-$1.3B-38.3%
EPS (diluted)-$3.40-34.9%

Balance sheet

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Cash & equivalents$1.9B+17.4%
Total debt$1.3B+71.9%
Total equity$7.4B-26.4%
Total assets$11.5B-9.6%

Cash flow

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Operating cash flow-$630.0M+39.2%
CapEx$62.0M-47.0%
Free cash flow-$692.0M+40.0%

Valuation

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Market cap$27.09B+115%
Enterprise value$26.51B+120%
P/S12.2×+8.1×

Profitability

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Gross margin22.1%-32.0pp
Operating margin-153.3%+67.8pp
Net margin-143.6%+80.2pp
FCF margin-132.4%

Returns & leverage

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Return on equity-36.6%+11.9pp
Debt / equity0.2×+0.1×
Current ratio2.4×-1.8×

Where this comes from

Reported directly by Moderna in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Moderna’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Moderna's rest of world — total revenue?
Moderna (MRNA) reported rest of world — total revenue of $173M in Q4 2025.
How has Moderna's rest of world — total revenue changed year-over-year?
Moderna's rest of world — total revenue decreased by 18.9% year-over-year, from $213.25M to $173M.
What is the long-term trend for Moderna's rest of world — total revenue?
Over 4 years (2021 to 2025), Moderna's rest of world — total revenue has grown at a -40.3% compound annual growth rate (CAGR), from $5.45B to $692M.
What does rest of world — total revenue mean?
This metric represents the total gross revenue generated by the company from all geographic regions excluding the primary domestic market. It reflects the company's ability to monetize its product portfolio and expand its commercial footprint on a global scale. Tracking this helps investors understand the geographic diversification of the company's sales and its reliance on international markets.