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Moderna MRNA United States — Total Revenue

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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+111%
Enterprise value$26.51B+115%
P/S12.2×+8.0×

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 united states — total revenue?
Moderna (MRNA) reported united states — total revenue of $299.75M in Q4 2025.
How has Moderna's united states — total revenue changed year-over-year?
Moderna's united states — total revenue decreased by 32.8% year-over-year, from $446.25M to $299.75M.
What is the long-term trend for Moderna's united states — total revenue?
Over 4 years (2021 to 2025), Moderna's united states — total revenue has grown at a -33.6% compound annual growth rate (CAGR), from $6.18B to $1.2B.
What does united states — total revenue mean?
This metric represents the total gross income generated from the sale of goods and services within the United States geographic segment. It reflects the company's ability to monetize its product portfolio and capture market share within the domestic healthcare landscape. Fluctuations in this figure indicate changes in regional demand, pricing power, or the successful commercialization of new therapeutic candidates.