What is Moderna's net income?

Moderna (MRNA) reported net income of -$1.34B in Q1 2026.

How has Moderna's net income changed year-over-year?

Moderna's net income decreased by 38.3% year-over-year, from -$971M to -$1.34B.

What is the long-term trend for Moderna's net income?

Over 4 years (2021 to 2025), Moderna's net income has grown at a -30.7% compound annual growth rate (CAGR), from $12.2B to -$2.82B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Moderna MRNA Net Income

Net Income at other companies

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-$9.49M-102%

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-$320.62M-128%

Other financials

Income statement

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Revenue$389.0M+260%

Gross profit-$566.0M-3,244%

Operating income-$1.4B-32.2%

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:NetIncomeLoss.

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 net income?: Moderna (MRNA) reported net income of -$1.34B in Q1 2026.
How has Moderna's net income changed year-over-year?: Moderna's net income decreased by 38.3% year-over-year, from -$971M to -$1.34B.
What is the long-term trend for Moderna's net income?: Over 4 years (2021 to 2025), Moderna's net income has grown at a -30.7% compound annual growth rate (CAGR), from $12.2B to -$2.82B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.