What is Moderna's operating cash flow?

Moderna (MRNA) reported operating cash flow of -$630M in Q1 2026.

How has Moderna's operating cash flow changed year-over-year?

Moderna's operating cash flow increased by 39.2% year-over-year, from -$1.04B to -$630M.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Moderna MRNA Operating Cash Flow

Operating Cash Flow at other companies

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-$32.42M+82.5%

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Alnylam PharmaceuticalsALNY

$70.5M+159%

Ultragenyx PharmaceuticalRARE

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Roivant SciencesROIV

-$163.82M+5.1%

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-$280.63M-68.8%

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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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:NetCashProvidedByUsedInOperatingActivities.

The official record: Moderna’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Moderna's operating cash flow?: Moderna (MRNA) reported operating cash flow of -$630M in Q1 2026.
How has Moderna's operating cash flow changed year-over-year?: Moderna's operating cash flow increased by 39.2% year-over-year, from -$1.04B to -$630M.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.