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 21.05B
Enterprise Value 16.56B 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 -11.68 PEG
P/S 10.83 P/B 2.43 P/C
EV/EBITDA -5.79 EV/Sales 8.52 Quick Ratio 3.06
Current Ratio 3.29 Debt/Eq 15.09 LT Debt/Eq
EPS (ttm) -7.26 EPS next Y -4.56 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 394.94M
Shs Float 368.32M Short Float 21.57% Short Ratio 6.63
Short Interest 52W High 59.55 52W Low 22.28
Beta 1.35 Avg Volume 11.94M Volume 6.96M
Target Price $42.90 Recom Hold Prev Close $52.56
Price $53.31 Change 1.43%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$42.90
Mean price target
2. Current target
$53.31
Latest analyst target
3. DCF / Fair value
$-60.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$53.31
Low
$12.00
High
$135.00
Mean
$42.90

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 Url Text Insider Position Transaction Start Date Ownership Value
0 11797 KLINGER SHANNON THYME Officer 2026-03-05 00:00:00 D nan
1 11797 MOCK JAMES M Chief Financial Officer 2026-03-05 00:00:00 D nan
2 23884 Conversion of Exercise of derivative security at price 30.96 per share. KLINGER SHANNON THYME Officer 2026-03-02 00:00:00 D 429880.0
3 13885 Sale at price 52.29 per share. KLINGER SHANNON THYME Officer 2026-03-02 00:00:00 D 726047.0
4 39830 HOGE STEPHEN President 2026-02-27 00:00:00 D nan
5 11004 MOCK JAMES M Chief Financial Officer 2026-02-27 00:00:00 D nan
6 160009 Conversion of Exercise of derivative security at price 19.15 per share. HOGE STEPHEN President 2026-02-23 00:00:00 D 3064172.0
7 160009 Sale at price 48.84 per share. HOGE STEPHEN President 2026-02-23 00:00:00 D 7814840.0
8 11271 Stock Award(Grant) at price 0.00 per share. BANCEL STEPHANE J Chief Executive Officer 2026-02-11 00:00:00 D
9 2630 Stock Award(Grant) at price 0.00 per share. MOCK JAMES M Chief Financial Officer 2026-02-11 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-1.05M-714.17K0.000.00
TaxRateForCalcs0.210.010.210.13
NormalizedEBITDA-2.54B-3.34B-3.62B9.77B
TotalUnusualItems-5.00M-56.00M-72.00M-20.00M
TotalUnusualItemsExcludingGoodwill-5.00M-56.00M-72.00M-20.00M
NetIncomeFromContinuingOperationNetMinorityInterest-2.82B-3.56B-4.71B8.36B
ReconciledDepreciation215.00M189.00M621.00M348.00M
ReconciledCostOfRevenue868.00M1.46B4.69B5.42B
EBITDA-2.54B-3.39B-3.62B9.77B
EBIT-2.76B-3.58B-4.24B9.42B
NetInterestIncome304.00M401.00M421.00M200.00M
InterestExpense10.00M24.00M38.00M29.00M
InterestIncome314.00M425.00M421.00M200.00M
NormalizedIncome-2.82B-3.51B-4.71B8.36B
NetIncomeFromContinuingAndDiscontinuedOperation-2.82B-3.56B-4.71B8.36B
TotalExpenses5.00B7.14B10.99B9.46B
TotalOperatingIncomeAsReported-3.07B-3.94B-4.24B9.42B
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-2.82B-3.56B-4.71B8.36B
NetIncomeCommonStockholders-2.82B-3.56B-4.71B8.36B
NetIncome-2.82B-3.56B-4.71B8.36B
NetIncomeIncludingNoncontrollingInterests-2.82B-3.56B-4.71B8.36B
NetIncomeContinuousOperations-2.82B-3.56B-4.71B8.36B
TaxProvision54.00M-46.00M772.00M1.21B
PretaxIncome-2.77B-3.61B-3.94B9.57B
OtherIncomeExpense2.00M-63.00M-124.00M-45.00M
OtherNonOperatingIncomeExpenses7.00M-7.00M-124.00M-45.00M
GainOnSaleOfSecurity-5.00M-56.00M-72.00M-20.00M
NetNonOperatingInterestIncomeExpense304.00M401.00M421.00M200.00M
InterestExpenseNonOperating10.00M24.00M38.00M29.00M
InterestIncomeNonOperating314.00M425.00M421.00M200.00M
OperatingIncome-3.07B-3.94B-4.24B9.42B
OperatingExpense4.13B5.68B6.30B4.04B
OtherOperatingExpenses-22.00M-37.00M-94.00M-388.00M
ResearchAndDevelopment3.13B4.54B4.84B3.29B
SellingGeneralAndAdministration1.02B1.17B1.55B1.13B
GrossProfit1.05B1.74B2.06B13.46B
CostOfRevenue868.00M1.46B4.69B5.42B
TotalRevenue1.92B3.20B6.75B18.88B
OperatingRevenue3.30B4.52B8.20B18.43B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber394.00M386.00M382.00M385.00M
ShareIssued394.00M386.00M382.00M385.00M
TotalDebt1.30B747.00M1.24B1.20B
TangibleBookValue8.55B10.81B13.76B19.12B
InvestedCapital9.24B10.90B13.85B19.12B
WorkingCapital4.56B5.89B7.31B8.51B
NetTangibleAssets8.55B10.81B13.76B19.12B
CapitalLeaseObligations715.00M747.00M1.24B1.20B
CommonStockEquity8.65B10.90B13.85B19.12B
TotalCapitalization9.24B10.90B13.85B19.12B
TotalEquityGrossMinorityInterest8.65B10.90B13.85B19.12B
StockholdersEquity8.65B10.90B13.85B19.12B
GainsLossesNotAffectingRetainedEarnings45.00M-10.00M-123.00M-370.00M
OtherEquityAdjustments45.00M-10.00M-123.00M-370.00M
RetainedEarnings7.22B10.04B13.61B18.32B
AdditionalPaidInCapital1.38B866.00M371.00M1.17B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest3.69B3.24B4.57B6.74B
TotalNonCurrentLiabilitiesNetMinorityInterest1.70B1.03B1.56B1.81B
OtherNonCurrentLiabilities36.00M36.00M21.00M135.00M
TradeandOtherPayablesNonCurrent249.00M231.00M235.00M
NonCurrentDeferredLiabilities153.00M58.00M83.00M673.00M
NonCurrentDeferredRevenue153.00M58.00M83.00M673.00M
LongTermDebtAndCapitalLeaseObligation1.26B710.00M1.22B1.00B
LongTermCapitalLeaseObligation673.00M710.00M1.22B1.00B
LongTermDebt590.00M
CurrentLiabilities1.99B2.21B3.02B4.92B
OtherCurrentLiabilities143.00M184.00M41.00M53.00M
CurrentDeferredLiabilities99.00M153.00M568.00M2.04B
CurrentDeferredRevenue99.00M153.00M568.00M2.04B
CurrentDebtAndCapitalLeaseObligation42.00M37.00M25.00M196.00M
CurrentCapitalLeaseObligation42.00M37.00M25.00M196.00M
PensionandOtherPostRetirementBenefitPlansCurrent420.00M312.00M245.00M190.00M
CurrentProvisions509.00M370.00M556.00M
PayablesAndAccruedExpenses774.00M1.15B1.58B2.45B
CurrentAccruedExpenses457.00M745.00M997.00M1.91B
Payables317.00M405.00M583.00M535.00M
TotalTaxPayable3.00M63.00M48.00M876.00M
IncomeTaxPayable3.00M63.00M48.00M876.00M
AccountsPayable317.00M405.00M520.00M487.00M
TotalAssets12.34B14.14B18.43B25.86B
TotalNonCurrentAssets5.79B6.04B8.10B12.43B
OtherNonCurrentAssets160.00M171.00M181.00M946.00M
NonCurrentPrepaidAssets100.00M139.00M342.00M0.00
NonCurrentDeferredAssets81.00M81.00M81.00M982.00M
NonCurrentDeferredTaxesAssets81.00M81.00M81.00M982.00M
NonCurrentAccountsReceivable161.00M97.00M
InvestmentsAndAdvances2.34B2.51B4.74B8.36B
InvestmentinFinancialAssets2.34B2.49B4.68B8.32B
AvailableForSaleSecurities2.34B2.49B4.68B8.32B
LongTermEquityInvestment6.00M14.00M66.00M42.00M
GoodwillAndOtherIntangibleAssets97.00M92.00M96.00M0.00
OtherIntangibleAssets45.00M40.00M44.00M
Goodwill52.00M52.00M52.00M0.00
NetPPE2.85B2.96B2.66B2.14B
AccumulatedDepreciation-737.00M-527.00M-433.00M-658.00M
GrossPPE3.59B3.48B3.09B2.80B
Leases403.00M207.00M522.00M460.00M
ConstructionInProgress298.00M1.06B860.00M281.00M
OtherProperties1.39B1.24B1.59B1.99B
MachineryFurnitureEquipment235.00M181.00M100.00M59.00M
BuildingsAndImprovements1.18B743.00M0.00
LandAndImprovements78.00M59.00M22.00M11.00M
Properties0.000.000.000.00
CurrentAssets6.54B8.10B10.32B13.43B
OtherCurrentAssets45.00M58.00M88.00M44.00M
HedgingAssetsCurrent21.00M
PrepaidAssets263.00M307.00M350.00M851.00M
Inventory153.00M117.00M202.00M949.00M
FinishedGoods33.00M28.00M24.00M169.00M
WorkInProcess29.00M26.00M15.00M205.00M
RawMaterials91.00M63.00M163.00M575.00M
Receivables284.00M592.00M1.08B1.69B
OtherReceivables13.00M58.00M61.00M53.00M
TaxesReceivable45.00M117.00M69.00M150.00M
AccruedInterestReceivable42.00M59.00M59.00M61.00M
NotesReceivable0.0036.00M0.00
AccountsReceivable184.00M358.00M892.00M1.39B
AllowanceForDoubtfulAccountsReceivable-184.00M-340.00M-692.00M0.00
GrossAccountsReceivable368.00M698.00M1.58B1.39B
CashCashEquivalentsAndShortTermInvestments5.80B7.03B8.60B9.90B
OtherShortTermInvestments3.20B5.10B5.70B6.70B
CashAndCashEquivalents2.60B1.93B2.91B3.21B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-2.08B-4.05B-3.83B4.58B
RepurchaseOfCapitalStock0.00-1.15B-3.33B-857.00M
RepaymentOfDebt-22.00M0.000.00-140.00M
IssuanceOfDebt600.00M0.000.00
IssuanceOfCapitalStock35.00M66.00M46.00M65.00M
CapitalExpenditure-202.00M-1.05B-707.00M-400.00M
InterestPaidSupplementalData10.00M24.00M39.00M25.00M
IncomeTaxPaidSupplementalData26.00M197.00M2.73B480.00M
EndCashPosition2.60B1.93B2.93B3.22B
BeginningCashPosition1.93B2.93B3.22B6.86B
EffectOfExchangeRateChanges2.00M0.000.00
ChangesInCash666.00M-999.00M-289.00M-3.64B
FinancingCashFlow593.00M56.00M-1.38B-3.45B
CashFlowFromContinuingFinancingActivities593.00M56.00M-1.38B-3.45B
NetOtherFinancingCharges-2.00M-1.15B
ProceedsFromStockOptionExercised46.00M65.00M124.00M
NetCommonStockIssuance35.00M66.00M46.00M-3.26B
CommonStockPayments0.00-1.15B-3.33B-857.00M
CommonStockIssuance35.00M66.00M46.00M65.00M
NetIssuancePaymentsOfDebt560.00M-10.00M-270.00M-184.00M
NetLongTermDebtIssuance560.00M-10.00M-270.00M-184.00M
LongTermDebtPayments-22.00M0.000.00-140.00M
LongTermDebtIssuance600.00M0.000.00
InvestingCashFlow1.95B1.95B4.21B-5.18B
CashFlowFromContinuingInvestingActivities1.95B1.95B4.21B-5.18B
NetOtherInvestingChanges-23.00M-40.00M-30.00M
NetInvestmentPurchaseAndSale2.15B3.00B5.00B-4.74B
SaleOfInvestment7.92B9.53B8.78B6.70B
PurchaseOfInvestment-5.77B-6.53B-3.78B-11.44B
NetBusinessPurchaseAndSale0.000.00-85.00M0.00
PurchaseOfBusiness0.000.00-85.00M0.00
NetIntangiblesPurchaseAndSale-10.00M0.000.00
PurchaseOfIntangibles-10.00M0.000.00
NetPPEPurchaseAndSale-192.00M-1.05B-707.00M-400.00M
PurchaseOfPPE-192.00M-1.05B-707.00M-400.00M
OperatingCashFlow-1.87B-3.00B-3.12B4.98B
CashFlowFromContinuingOperatingActivities-1.87B-3.00B-3.12B4.98B
ChangeInWorkingCapital233.00M-78.00M689.00M-4.01B
ChangeInOtherWorkingCapital41.00M-439.00M-2.06B-4.16B
ChangeInOtherCurrentLiabilities-27.00M106.00M639.00M-754.00M
ChangeInOtherCurrentAssets38.00M-53.00M-605.00M21.00M
ChangeInPayablesAndAccruedExpense-94.00M-454.00M-327.00M852.00M
ChangeInAccruedExpense-2.00M-385.00M-340.00M612.00M
ChangeInPayable-92.00M-69.00M13.00M240.00M
ChangeInAccountPayable-92.00M-69.00M13.00M240.00M
ChangeInTaxPayable15.00M-828.00M876.00M
ChangeInIncomeTaxPayable15.00M-828.00M876.00M
ChangeInPrepaidAssets153.00M145.00M1.80B-2.26B
ChangeInInventory-34.00M83.00M747.00M492.00M
ChangeInReceivables156.00M534.00M493.00M1.79B
ChangesInAccountReceivables156.00M534.00M493.00M1.79B
OtherNonCashItems77.00M60.00M7.00M28.00M
StockBasedCompensation483.00M429.00M305.00M226.00M
AmortizationOfSecurities-67.00M-95.00M-61.00M31.00M
DeferredTax828.00M-559.00M-318.00M
DeferredIncomeTax828.00M-559.00M-318.00M
DepreciationAmortizationDepletion215.00M189.00M621.00M348.00M
DepreciationAndAmortization215.00M189.00M621.00M348.00M
OperatingGainsLosses8.00M52.00M35.00M
EarningsLossesFromEquityInvestments8.00M52.00M35.00M0.00
NetIncomeFromContinuingOperations-2.82B-3.56B-4.71B8.36B
SEC Filings

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

Public Trades for MRNA
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status