Total Revenue
Moderna Total Revenue decreased by 42.6% to $389.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 260.2%, from $108.00M to $389.00M. Over 4 years (FY 2021 to FY 2025), Total Revenue shows a downward trend with a -43.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates market expansion or higher demand, while a decrease may signal market saturation or competitive pressure.
Detailed definition
Total revenue represents the gross inflow of economic benefits arising from the ordinary operating activities of the com...
Peer comparison
Standard across all public companies; peers in the medical device and diagnostics sector typically show steady growth correlated with product adoption.
total_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.35B | $4.97B | $7.21B | $6.07B | $4.75B | $3.36B | $5.08B | $1.86B | $344.00M | $1.83B | $2.81B | $167.00M | $241.00M | $1.86B | $966.00M | $108.00M | $142.00M | $1.02B | $678.00M | $389.00M |
| QoQ Change | — | +14.1% | +45.1% | -15.9% | -21.7% | -29.2% | +51.1% | -63.4% | -81.5% | +432.3% | +53.5% | -94.1% | +44.3% | +672.6% | -48.1% | -88.8% | +31.5% | +615.5% | -33.3% | -42.6% |
| YoY Change | — | — | — | — | +9.1% | -32.3% | -29.5% | -69.3% | -92.8% | -45.6% | -44.7% | -91.0% | -29.9% | +1.7% | -65.6% | -35.3% | -41.1% | -45.4% | -29.8% | +260.2% |
Product Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Stand-ready manufacturing revenue | — | — | — | — | — | — | — | $32.00M |
| Collaboration Arrangement, Including Arrangements With Affiliate | $7.00M | $28.00M | $13.00M | $1.00M | $4.00M | $7.00M | $1.00M | $5.00M |
| Grant revenue | $176.00M | $7.00M | $10.00M | $1.00M | $5.00M | $14.00M | $2.00M | $0.00 |
| Licensing and royalty revenue | $30.00M | $7.00M | $5.00M | $8.00M | $2.00M | $2.00M | $0.00 | $0.00 |
| Total | $241.00M | $1.86B | $966.00M | $108.00M | $142.00M | $1.02B | $678.00M | $389.00M |
Geographic Breakdown — United States
| Segment | FY'23 | FY'24 |
|---|---|---|
| United States | $1.90B | $1.79B |
| Total | $6.85B | $3.24B |
All segment values are derived from annual filings.
Geographic Breakdown — Rest of world
| Segment | FY'21 | FY'22 | FY'23 | FY'24 | FY'25 |
|---|---|---|---|---|---|
| Rest of world | $5.45B | $7.30B | $3.60B | $853.00M | $692.00M |
| Europe | $6.85B | $6.82B | $1.36B | $598.00M | $53.00M |
| Total | $18.47B | $19.26B | $6.85B | $3.24B | $1.94B |
All segment values are derived from annual filings.
Total Revenue at Other Companies
Frequently Asked Questions
- What is Moderna's total revenue?
- Moderna (MRNA) reported total revenue of $389.00M in Q1 2026.
- How has Moderna's total revenue changed year-over-year?
- Moderna's total revenue increased by 260.2% year-over-year, from $108.00M to $389.00M.
- What is the long-term trend for Moderna's total revenue?
- Over 4 years (2021 to 2025), Moderna's total revenue has grown at a -43.0% compound annual growth rate (CAGR), from $18.47B to $1.94B.
- What does total revenue mean?
- The total amount of money a company brings in from its primary business activities before any expenses.