What is Moderna's short-term investments?

Moderna (MRNA) reported short-term investments of $3.3B in Q1 2026.

How has Moderna's short-term investments changed year-over-year?

Moderna's short-term investments decreased by 24.2% year-over-year, from $4.35B to $3.3B.

What is the long-term trend for Moderna's short-term investments?

Over 5 years (2020 to 2025), Moderna's short-term investments has grown at a 10.1% compound annual growth rate (CAGR), from $1.98B to $3.2B.

What does short-term investments mean?

Marketable securities and other investments with maturities between three months and one year, providing yield above cash while maintaining liquidity.

Moderna MRNA Short-Term Investments

Short-Term Investments at other companies

PfizerPFE

$11.37B-28.4%

NovavaxNVAX

$561.97M+20.0%

ALN

Alnylam PharmaceuticalsALNY

$1.6B-8.3%

Ultragenyx PharmaceuticalRARE

$238M-35.2%

Roivant SciencesROIV

$2.87B+32.3%

Vaxcyte, Inc.PCVX

$1.48B+11.4%

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$21.62B+73.9%

Enterprise value$21.04B+76.5%

P/S9.7×+5.7×

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:AvailableForSaleSecuritiesDebtSecuritiesCurrent.

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 short-term investments?: Moderna (MRNA) reported short-term investments of $3.3B in Q1 2026.
How has Moderna's short-term investments changed year-over-year?: Moderna's short-term investments decreased by 24.2% year-over-year, from $4.35B to $3.3B.
What is the long-term trend for Moderna's short-term investments?: Over 5 years (2020 to 2025), Moderna's short-term investments has grown at a 10.1% compound annual growth rate (CAGR), from $1.98B to $3.2B.
What does short-term investments mean?: Marketable securities and other investments with maturities between three months and one year, providing yield above cash while maintaining liquidity.