Moderna Business Segments

Business, geographic, and product segment breakdowns

Moderna generates $2.2B in annual revenue across 4 key segments: Collaboration Arrangement, Including Arrangements With Affiliate ($17.0M), Grant revenue ($21.0M), Licensing and royalty revenue ($4.0M), and Stand-ready manufacturing revenue ($12.0M). The company-wide operating margin is -153.35%. Based on the Q1 2026 filing.