MRNA Chart
About

Moderna, Inc., a biotechnology company, provides messenger RNA medicines in the United States, Europe, and internationally. The company's respiratory vaccines include spikevax , mNEXSPIKE, mRESVIA, COVID, RSV, seasonal influenza, combination, and pandemic influenza vaccine; latent vaccines comprise cytomegalovirus, epstein-barr virus, and human immunodeficiency virus vaccines; enteric viruses include norovirus; public health vaccines consist of Zika, Nipah, and Mpox vaccines; and bacterial diseases vaccines, such as lyme vaccines. It also provides oncology therapeutics, such as intismeran autogene, cancer antigen therapy, t-cell engager, and cell therapy enhancer; and rare disease products, including propionic and methylmalonic acidemia, and cystic fibrosis. It has strategic alliances and collaborations with Merck & Co., Inc; Vertex Pharmaceuticals Incorporated; Vertex Pharmaceuticals (Europe) Limited; immatics N.V.; Defense Advanced Research Projects Agency; Biomedical Advanced Research and Development Authority; Institute for Life Changing Medicines; The Bill & Melinda Gates Foundation; and OpenAI. The company was formerly known as Moderna Therapeutics, Inc. and changed its name to Moderna, Inc. in August 2018. Moderna, Inc. was founded in 2010 and is headquartered in Cambridge, Massachusetts.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 19.95B
Enterprise Value 15.37B Income -2.82B Sales 1.94B
Book/sh 21.95 Cash/sh 14.68 Dividend Yield —
Payout 0.00% Employees 4700 IPO —
P/E — Forward P/E -11.08 PEG —
P/S 10.26 P/B 2.33 P/C —
EV/EBITDA -5.38 EV/Sales 7.91 Quick Ratio 3.06
Current Ratio 3.29 Debt/Eq 15.09 LT Debt/Eq —
EPS (ttm) -7.26 EPS next Y -4.61 EPS Growth —
Revenue Growth -29.80% Earnings 2026-04-30 ROA -14.51%
ROE -28.87% ROIC — Gross Margin -105.76%
Oper. Margin -126.40% Profit Margin -145.16% Shs Outstand 390.73M
Shs Float 368.36M Short Float 22.25% Short Ratio 5.08
Short Interest — 52W High 55.20 52W Low 22.28
Beta 1.34 Avg Volume 11.69M Volume 4.59M
Target Price $42.05 Recom Hold Prev Close $50.29
Price $51.06 Change 1.53%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$42.05
Mean price target
2. Current target
$50.52
Latest analyst target
3. DCF / Fair value
$-61.11
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$50.52
Low
$12.00
High
$135.00
Mean
$42.05

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 main Piper Sandler Overweight → Overweight $69
2026-02-17 main Goldman Sachs Neutral → Neutral $41
2026-02-17 main RBC Capital Sector Perform → Sector Perform $30
2026-02-17 main Evercore ISI Group In-Line → In-Line $35
2025-12-12 main Morgan Stanley Equal-Weight → Equal-Weight $28
2025-12-12 init Jefferies — → Hold $30
2025-11-21 reit Piper Sandler Overweight → Overweight $63
2025-11-21 main RBC Capital Sector Perform → Sector Perform $25
2025-11-21 main Leerink Partners Underperform → Underperform $18
2025-11-10 main B of A Securities Underperform → Underperform $21
2025-11-07 main Barclays Equal-Weight → Equal-Weight $25
2025-10-23 main UBS Buy → Buy $40
2025-10-23 main JP Morgan Underweight → Underweight $25
2025-10-23 main Citigroup Neutral → Neutral $28
2025-10-20 reit Needham Hold → Hold —
2025-10-10 main Morgan Stanley Equal-Weight → Equal-Weight $32
2025-08-22 main Leerink Partners Underperform → Underperform $15
2025-08-04 main Barclays Equal-Weight → Equal-Weight $31
2025-07-22 main B of A Securities Underperform → Underperform $25
2025-05-22 main JP Morgan Underweight → Underweight $26
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2630 — — Stock Award(Grant) at price 0.00 per share. KLINGER SHANNON THYME Officer — 2026-02-11 00:00:00 D
1 4884 — — Stock Award(Grant) at price 0.00 per share. HOGE STEPHEN President — 2026-02-11 00:00:00 D
2 11271 — — Stock Award(Grant) at price 0.00 per share. BANCEL STEPHANE J Chief Executive Officer — 2026-02-11 00:00:00 D
3 2630 — — Stock Award(Grant) at price 0.00 per share. MOCK JAMES M Chief Financial Officer — 2026-02-11 00:00:00 D
4 1452 nan — — MOCK JAMES M Chief Financial Officer — 2026-01-05 00:00:00 D
5 23853 703306.0 — Sale at price 29.48 per share. AFEYAN NOUBAR BOGHOS Director — 2025-12-11 00:00:00 I
6 23853 259998.0 — Conversion of Exercise of derivative security at price 10.90 per share. AFEYAN NOUBAR BOGHOS Director — 2025-12-11 00:00:00 I
7 688073 7499996.0 — Conversion of Exercise of derivative security at price 10.90 per share. BANCEL STEPHANE J Chief Executive Officer — 2025-12-11 00:00:00 D
8 504 13910.0 — Sale at price 27.60 per share. HUSSAIN SHAH ABBAS Director — 2025-12-09 00:00:00 D
9 47190 nan — — KLINGER SHANNON THYME Officer — 2025-12-05 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-728.00K-15.12M0.000.00
TaxRateForCalcs0.010.210.130.08
NormalizedEBITDA-3.34B-3.21B9.77B13.53B
TotalUnusualItems-56.00M-72.00M-20.00M1.00M
TotalUnusualItemsExcludingGoodwill-56.00M-72.00M-20.00M1.00M
NetIncomeFromContinuingOperationNetMinorityInterest-3.56B-4.71B8.36B12.20B
ReconciledDepreciation189.00M621.00M348.00M232.00M
ReconciledCostOfRevenue1.46B4.69B5.42B2.62B
EBITDA-3.39B-3.28B9.77B13.53B
EBIT-3.58B-3.90B9.42B13.30B
NetInterestIncome401.00M383.00M200.00M18.00M
InterestExpense24.00M38.00M29.00M18.00M
InterestIncome425.00M421.00M200.00M18.00M
NormalizedIncome-3.51B-4.66B8.36B12.20B
NetIncomeFromContinuingAndDiscontinuedOperation-3.56B-4.71B8.36B12.20B
TotalExpenses7.14B10.99B9.46B4.44B
TotalOperatingIncomeAsReported-3.94B-4.24B9.42B13.30B
DilutedAverageShares384.00M382.00M416.00M431.00M
BasicAverageShares384.00M382.00M394.00M403.00M
DilutedEPS-9.28-12.3320.1228.29
BasicEPS-9.28-12.3321.2630.31
DilutedNIAvailtoComStockholders-3.56B-4.71B8.36B12.20B
NetIncomeCommonStockholders-3.56B-4.71B8.36B12.20B
NetIncome-3.56B-4.71B8.36B12.20B
NetIncomeIncludingNoncontrollingInterests-3.56B-4.71B8.36B12.20B
NetIncomeContinuousOperations-3.56B-4.71B8.36B12.20B
TaxProvision-46.00M772.00M1.21B1.08B
PretaxIncome-3.61B-3.94B9.57B13.29B
OtherIncomeExpense-63.00M-86.00M-45.00M-29.00M
OtherNonOperatingIncomeExpenses-7.00M-14.00M-45.00M-29.00M
GainOnSaleOfSecurity-56.00M-72.00M-20.00M1.00M
NetNonOperatingInterestIncomeExpense401.00M383.00M200.00M18.00M
InterestExpenseNonOperating24.00M38.00M29.00M18.00M
InterestIncomeNonOperating425.00M421.00M200.00M18.00M
OperatingIncome-3.94B-4.24B9.42B13.30B
OperatingExpense5.68B6.30B4.04B1.82B
OtherOperatingExpenses-37.00M-94.00M-388.00M-735.00M
ResearchAndDevelopment4.54B4.84B3.29B1.99B
SellingGeneralAndAdministration1.17B1.55B1.13B567.00M
GrossProfit1.74B2.06B13.46B15.12B
CostOfRevenue1.46B4.69B5.42B2.62B
TotalRevenue3.20B6.75B18.88B17.74B
OperatingRevenue4.52B8.20B18.43B17.68B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber386.00M382.00M385.00M403.00M
ShareIssued386.00M382.00M385.00M403.00M
TotalDebt747.00M1.24B1.20B916.00M
TangibleBookValue10.81B13.76B19.12B14.14B
InvestedCapital10.90B13.85B19.12B14.14B
WorkingCapital5.89B7.31B8.51B6.94B
NetTangibleAssets10.81B13.76B19.12B14.14B
CapitalLeaseObligations747.00M1.24B1.20B916.00M
CommonStockEquity10.90B13.85B19.12B14.14B
TotalCapitalization10.90B13.85B19.12B14.14B
TotalEquityGrossMinorityInterest10.90B13.85B19.12B14.14B
StockholdersEquity10.90B13.85B19.12B14.14B
GainsLossesNotAffectingRetainedEarnings-10.00M-123.00M-370.00M-24.00M
OtherEquityAdjustments-10.00M-123.00M-370.00M-24.00M
RetainedEarnings10.04B13.61B18.32B9.96B
AdditionalPaidInCapital866.00M371.00M1.17B4.21B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest3.24B4.57B6.74B10.52B
TotalNonCurrentLiabilitiesNetMinorityInterest1.03B1.56B1.81B1.40B
OtherNonCurrentLiabilities36.00M21.00M135.00M76.00M
TradeandOtherPayablesNonCurrent231.00M235.00M
NonCurrentDeferredLiabilities58.00M83.00M673.00M615.00M
NonCurrentDeferredRevenue58.00M83.00M673.00M615.00M
LongTermDebtAndCapitalLeaseObligation710.00M1.22B1.00B705.00M
LongTermCapitalLeaseObligation710.00M1.22B1.00B705.00M
CurrentLiabilities2.21B3.02B4.92B9.13B
OtherCurrentLiabilities181.00M41.00M53.00M14.00M
CurrentDeferredLiabilities153.00M568.00M2.04B6.25B
CurrentDeferredRevenue153.00M568.00M2.04B6.25B
CurrentDebtAndCapitalLeaseObligation37.00M25.00M196.00M211.00M
CurrentCapitalLeaseObligation37.00M25.00M196.00M211.00M
PensionandOtherPostRetirementBenefitPlansCurrent312.00M245.00M190.00M126.00M
CurrentProvisions370.00M556.00M
PayablesAndAccruedExpenses1.15B1.58B2.45B2.52B
CurrentAccruedExpenses745.00M997.00M1.91B1.35B
Payables408.00M583.00M535.00M1.18B
TotalTaxPayable3.00M63.00M48.00M876.00M
IncomeTaxPayable3.00M63.00M48.00M876.00M
AccountsPayable405.00M520.00M487.00M302.00M
TotalAssets14.14B18.43B25.86B24.67B
TotalNonCurrentAssets6.04B8.10B12.43B8.60B
OtherNonCurrentAssets171.00M181.00M946.00M46.00M
NonCurrentPrepaidAssets139.00M342.00M0.00
NonCurrentDeferredAssets81.00M81.00M982.00M326.00M
NonCurrentDeferredTaxesAssets81.00M81.00M982.00M326.00M
NonCurrentAccountsReceivable97.00M
InvestmentsAndAdvances2.51B4.74B8.36B6.84B
InvestmentinFinancialAssets2.49B4.68B8.32B6.84B
AvailableForSaleSecurities2.49B4.68B8.32B6.84B
LongTermEquityInvestment14.00M66.00M42.00M
GoodwillAndOtherIntangibleAssets92.00M96.00M0.00
OtherIntangibleAssets40.00M44.00M
Goodwill52.00M52.00M0.00
NetPPE2.96B2.66B2.14B1.38B
AccumulatedDepreciation-527.00M-433.00M-658.00M-352.00M
GrossPPE3.48B3.09B2.80B1.74B
Leases207.00M522.00M460.00M313.00M
ConstructionInProgress1.06B860.00M281.00M212.00M
OtherProperties1.24B1.59B1.99B1.17B
MachineryFurnitureEquipment181.00M100.00M59.00M36.00M
BuildingsAndImprovements743.00M0.00
LandAndImprovements59.00M22.00M11.00M0.00
Properties0.000.000.000.00
CurrentAssets8.10B10.32B13.43B16.07B
OtherCurrentAssets58.00M88.00M44.00M26.00M
HedgingAssetsCurrent21.00M
PrepaidAssets307.00M350.00M851.00M554.00M
Inventory117.00M202.00M949.00M1.44B
FinishedGoods28.00M24.00M169.00M233.00M
WorkInProcess26.00M15.00M205.00M338.00M
RawMaterials63.00M163.00M575.00M870.00M
Receivables592.00M1.08B1.69B3.32B
OtherReceivables58.00M61.00M53.00M51.00M
TaxesReceivable117.00M69.00M150.00M70.00M
AccruedInterestReceivable59.00M59.00M61.00M27.00M
NotesReceivable0.0036.00M0.00
AccountsReceivable358.00M892.00M1.39B3.17B
AllowanceForDoubtfulAccountsReceivable-340.00M-692.00M0.000.00
GrossAccountsReceivable698.00M1.58B1.39B3.17B
CashCashEquivalentsAndShortTermInvestments7.03B8.60B9.90B10.73B
OtherShortTermInvestments5.10B5.70B6.70B3.88B
CashAndCashEquivalents1.93B2.91B3.21B6.85B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-4.05B-3.83B4.58B13.34B
RepurchaseOfCapitalStock0.00-1.15B-3.33B-857.00M
RepaymentOfDebt-140.00M
IssuanceOfCapitalStock66.00M46.00M65.00M124.00M
CapitalExpenditure-1.05B-707.00M-400.00M-284.00M
InterestPaidSupplementalData24.00M39.00M25.00M14.00M
IncomeTaxPaidSupplementalData197.00M2.73B480.00M
EndCashPosition1.93B2.93B3.22B6.86B
BeginningCashPosition2.93B3.22B6.86B2.64B
ChangesInCash-999.00M-289.00M-3.64B4.22B
FinancingCashFlow56.00M-1.38B-3.45B-873.00M
CashFlowFromContinuingFinancingActivities56.00M-1.38B-3.45B-873.00M
ProceedsFromStockOptionExercised46.00M65.00M124.00M
NetCommonStockIssuance66.00M-1.11B-3.26B-733.00M
CommonStockPayments0.00-1.15B-3.33B-857.00M
CommonStockIssuance66.00M46.00M65.00M124.00M
NetIssuancePaymentsOfDebt-10.00M-270.00M-184.00M-140.00M
NetLongTermDebtIssuance-10.00M-270.00M-184.00M-140.00M
LongTermDebtPayments-140.00M
InvestingCashFlow1.95B4.21B-5.18B-8.52B
CashFlowFromContinuingInvestingActivities1.95B4.21B-5.18B-8.52B
NetOtherInvestingChanges-23.00M-40.00M-30.00M
NetInvestmentPurchaseAndSale3.00B5.02B-4.74B-8.21B
SaleOfInvestment9.53B8.78B6.70B4.44B
PurchaseOfInvestment-6.53B-3.76B-11.44B-12.65B
NetBusinessPurchaseAndSale0.00-85.00M0.000.00
PurchaseOfBusiness0.00-85.00M0.000.00
NetPPEPurchaseAndSale-1.05B-707.00M-400.00M-284.00M
PurchaseOfPPE-1.05B-707.00M-400.00M-284.00M
OperatingCashFlow-3.00B-3.12B4.98B13.62B
CashFlowFromContinuingOperatingActivities-3.00B-3.12B4.98B13.62B
ChangeInWorkingCapital-78.00M689.00M-4.01B1.31B
ChangeInOtherWorkingCapital-439.00M-2.06B-4.16B2.82B
ChangeInOtherCurrentLiabilities106.00M639.00M-754.00M140.00M
ChangeInOtherCurrentAssets-53.00M-605.00M21.00M-58.00M
ChangeInPayablesAndAccruedExpense-454.00M-327.00M852.00M2.07B
ChangeInAccruedExpense-385.00M-340.00M612.00M989.00M
ChangeInPayable-69.00M13.00M240.00M1.08B
ChangeInAccountPayable-69.00M13.00M240.00M204.00M
ChangeInTaxPayable15.00M-828.00M876.00M
ChangeInIncomeTaxPayable15.00M-828.00M876.00M
ChangeInPrepaidAssets145.00M1.80B-2.26B-489.00M
ChangeInInventory83.00M747.00M492.00M-1.39B
ChangeInReceivables534.00M493.00M1.79B-1.78B
ChangesInAccountReceivables534.00M493.00M1.79B-1.78B
OtherNonCashItems60.00M7.00M28.00M
StockBasedCompensation429.00M305.00M226.00M142.00M
AmortizationOfSecurities-95.00M-61.00M31.00M54.00M
DeferredTax828.00M-559.00M-318.00M
DeferredIncomeTax828.00M-559.00M-318.00M
DepreciationAmortizationDepletion189.00M621.00M348.00M232.00M
DepreciationAndAmortization189.00M621.00M348.00M232.00M
OperatingGainsLosses52.00M35.00M
EarningsLossesFromEquityInvestments52.00M35.00M0.000.00
NetIncomeFromContinuingOperations-3.56B-4.71B8.36B12.20B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MRNA
Date User Asset Broker Type Position Size Entry Price Patterns