Moderna, Inc. (MRNA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 389M | 678M | 1.02B | 142M | 107M | 956M | 1.85B | 221M | 167M | 2.81B | 1.83B | 344M | 1.84B | 5.15B | 3.22B | 4.57B | 5.94B | 6.95B | 4.83B | 4.21B |
| Revenue Growth % | 263.55% | -29.08% | -45.23% | -35.75% | -35.93% | -66.01% | 1.31% | -35.76% | -90.91% | -45.37% | -43.14% | -92.47% | -69.06% | -25.9% | -33.32% | 8.33% | 240.79% | 1117.53% | 2958.07% | 6252.58% |
| Cost of Goods Sold | 955M | 452M | 1.01B | 119M | 90M | 739M | 514M | 115M | 96M | 929M | 2.24B | 731M | 792M | 1.92B | 1.1B | 1.38B | 1.02B | 952M | 722M | 750M |
| COGS % of Revenue | 245.5% | 66.67% | 99.21% | 83.8% | 84.11% | 77.3% | 27.71% | 52.04% | 57.48% | 33.03% | 122.39% | 212.5% | 43.09% | 37.25% | 34.16% | 30.25% | 17.12% | 13.7% | 14.95% | 17.79% |
| Gross Profit | -566M | 226M | 8M | 23M | 17M | 217M | 1.34B | 106M | 71M | 1.88B | -410M | -387M | 1.05B | 3.23B | 2.12B | 3.19B | 4.92B | 6B | 4.11B | 3.46B |
| Gross Margin % | -145.5% | 33.33% | 0.79% | 16.2% | 15.89% | 22.7% | 72.29% | 47.96% | 42.52% | 66.97% | -22.39% | -112.5% | 56.91% | 62.75% | 65.84% | 69.75% | 82.88% | 86.3% | 85.05% | 82.21% |
| Gross Profit Growth % | -3429.41% | 4.15% | -99.4% | -78.3% | -76.06% | -88.48% | 427.07% | 127.39% | -93.21% | -41.69% | -119.34% | -112.15% | -78.75% | -46.12% | -48.38% | -8.08% | 217.61% | 980.33% | 2648.81% | 5797.77% |
| Operating Expenses | 822M | 1.08B | 268M | 930M | 1.07B | 1.46B | 1.41B | 1.47B | 1.34B | 1.88B | 1.6B | 1.48B | 1.41B | 1.65B | 954M | 738M | 696M | 587M | 549M | 403M |
| OpEx % of Revenue | 211.31% | 159.73% | 26.38% | 654.93% | 997.2% | 153.03% | 76.06% | 664.71% | 800.6% | 66.76% | 87.49% | 430.23% | 76.82% | 32.06% | 29.63% | 16.16% | 11.72% | 8.45% | 11.37% | 9.56% |
| Selling, General & Admin | 173M | 308M | 268M | 230M | 212M | 351M | 281M | 268M | 274M | 470M | 442M | 332M | 305M | 375M | 278M | 211M | 268M | 201M | 168M | 121M |
| SG&A % of Revenue | 44.47% | 45.43% | 26.38% | 161.97% | 198.13% | 36.72% | 15.15% | 121.27% | 164.07% | 16.71% | 24.14% | 96.51% | 16.59% | 7.28% | 8.63% | 4.62% | 4.51% | 2.89% | 3.48% | 2.87% |
| Research & Development | 649M | 775M | 801M | 700M | 856M | 1.12B | 1.14B | 1.22B | 1.03B | 1.41B | 1.16B | 1.15B | 1.13B | 1.21B | 820M | 710M | 554M | 648M | 521M | 421M |
| R&D % of Revenue | 166.84% | 114.31% | 78.84% | 492.96% | 800% | 117.36% | 61.29% | 552.49% | 614.97% | 49.98% | 63.35% | 333.72% | 61.53% | 23.52% | 25.47% | 15.55% | 9.33% | 9.33% | 10.79% | 9.99% |
| Other Operating Expenses | 0 | 0 | -1000K | 0 | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 0 | 0 | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | -1.39B | -857M | -260M | -907M | -1.05B | -1.25B | -70M | -1.36B | -1.27B | 6M | -2.01B | -1.87B | -366M | 1.58B | 1.17B | 2.45B | 4.23B | 5.41B | 3.56B | 3.06B |
| Operating Margin % | -356.81% | -126.4% | -25.59% | -638.73% | -981.31% | -130.33% | -3.77% | -616.74% | -758.08% | 0.21% | -109.89% | -542.73% | -19.91% | 30.69% | 36.21% | 53.59% | 71.16% | 77.85% | 73.68% | 72.65% |
| Operating Income Growth % | -32.19% | 31.22% | -271.43% | 33.46% | 17.06% | -20866.67% | 96.52% | 27% | -245.9% | -99.62% | -272.56% | -176.3% | -108.66% | -70.79% | -67.23% | -20.08% | 233.89% | 2067% | 1613.29% | 2607.23% |
| EBITDA | -1.39B | -790M | -208M | -850M | -1.01B | -1.19B | -18M | -1.32B | -1.23B | 208M | -1.76B | -1.78B | -288M | 1.66B | 1.28B | 2.52B | 4.31B | 5.49B | 3.63B | 3.13B |
| EBITDA Margin % | -356.81% | -116.52% | -20.47% | -598.59% | -944.86% | -124.06% | -0.97% | -598.19% | -736.53% | 7.39% | -96.29% | -516.57% | -15.67% | 32.24% | 39.72% | 55.26% | 72.49% | 78.98% | 75.13% | 74.28% |
| EBITDA Growth % | -37.29% | 33.39% | -1055.56% | 35.7% | 17.8% | -670.19% | 98.98% | 25.61% | -327.08% | -87.47% | -237.84% | -170.43% | -106.69% | -69.75% | -64.75% | -19.42% | 236.14% | 2152.88% | 1700.94% | 2833.76% |
| D&A (Non-Cash Add-back) | 0 | 67M | 52M | 57M | 39M | 60M | 52M | 41M | 36M | 202M | 249M | 90M | 78M | 80M | 113M | 76M | 79M | 78M | 70M | 69M |
| EBIT | 0 | -799M | -187M | -817M | -963M | -1.18B | 27M | -1.27B | -1.16B | 76M | -1.95B | -1.74B | -296M | 1.67B | 1.23B | 2.48B | 4.24B | 5.42B | 3.56B | 3.07B |
| Net Interest Income | 0 | 70M | 73M | 80M | 89M | 85M | 97M | 105M | 114M | 97M | 95M | 91M | 100M | 77M | 50M | 35M | 9M | 1M | 0 | -2M |
| Interest Income | 72M | 70M | 73M | 81M | 90M | 91M | 103M | 111M | 120M | 103M | 105M | 104M | 109M | 87M | 58M | 40M | 15M | 7M | 4M | 3M |
| Interest Expense | 0 | 0 | 0 | 1M | 1M | 6M | 6M | 6M | 6M | 6M | 10M | 13M | 9M | 10M | 8M | 5M | 6M | 6M | 4M | 5M |
| Other Income/Expense | 54M | 58M | 73M | 89M | 86M | 62M | 91M | 84M | 101M | 64M | 54M | 118M | 61M | 75M | 51M | 27M | 2M | 0 | -6M | 1M |
| Pretax Income | -1.33B | -799M | -187M | -818M | -964M | -1.18B | 21M | -1.28B | -1.17B | 70M | -1.96B | -1.75B | -305M | 1.66B | 1.22B | 2.47B | 4.23B | 5.41B | 3.55B | 3.06B |
| Pretax Margin % | -342.93% | -117.85% | -18.41% | -576.06% | -900.93% | -123.85% | 1.13% | -578.73% | -697.6% | 2.49% | -106.94% | -508.43% | -16.59% | 32.14% | 37.8% | 54.18% | 71.2% | 77.85% | 73.56% | 72.67% |
| Income Tax | 9M | 27M | 13M | 7M | 7M | -64M | 8M | 0 | 10M | -147M | 1.67B | -369M | -384M | 190M | 174M | 277M | 572M | 542M | 219M | 283M |
| Effective Tax Rate % | -0.67% | -3.38% | -6.95% | -0.86% | -0.73% | 5.41% | 38.1% | 0% | -0.86% | -210% | -85.39% | 21.1% | 125.9% | 11.48% | 14.3% | 11.2% | 13.53% | 10.02% | 6.17% | 9.24% |
| Net Income | -1.34B | -826M | -200M | -825M | -971M | -1.12B | 13M | -1.28B | -1.18B | 217M | -3.63B | -1.38B | 79M | 1.47B | 1.04B | 2.2B | 3.66B | 4.87B | 3.33B | 2.78B |
| Net Margin % | -345.24% | -121.83% | -19.68% | -580.99% | -907.48% | -117.15% | 0.7% | -578.73% | -703.59% | 7.71% | -198.25% | -401.16% | 4.3% | 28.45% | 32.39% | 48.12% | 61.57% | 70.05% | 69.02% | 65.95% |
| Net Income Growth % | -38.31% | 26.25% | -1638.46% | 35.5% | 17.36% | -616.13% | 100.36% | 7.32% | -1587.34% | -85.19% | -448.03% | -162.81% | -97.84% | -69.91% | -68.71% | -20.97% | 199.51% | 1886.52% | 1526.58% | 2481.91% |
| Net Income (Continuing) | -1.34B | -826M | -200M | -825M | -971M | -1.12B | 13M | -1.28B | -1.18B | 217M | -3.63B | -1.38B | 79M | 1.47B | 1.04B | 2.2B | 3.66B | 4.87B | 3.33B | 2.78B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -3.40 | -2.11 | -0.51 | -2.13 | -2.52 | -2.91 | 0.03 | -3.33 | -3.08 | 0.55 | -9.53 | -3.62 | 0.20 | 3.62 | 2.53 | 5.24 | 8.58 | 11.29 | 7.70 | 6.46 |
| EPS Growth % | -34.92% | 27.49% | -1664.42% | 36.04% | 18.18% | -629.09% | 100.34% | 8.01% | -1640% | -84.81% | -476.68% | -169.08% | -97.67% | -67.94% | -67.14% | -18.89% | 202.11% | 1736.23% | 1405.08% | 2183.87% |
| EPS (Basic) | -3.40 | -2.11 | -0.51 | -2.13 | -2.52 | -2.91 | 0.03 | -3.33 | -3.08 | 0.57 | -9.53 | -3.62 | 0.20 | 3.81 | 2.67 | 5.55 | 9.09 | 12.03 | 8.27 | 6.93 |
| Diluted Shares Outstanding | 395M | 392M | 390M | 388M | 386M | 385M | 399M | 384M | 382M | 395M | 381M | 381M | 405M | 405M | 412M | 419M | 426M | 431M | 434M | 431M |
| Basic Shares Outstanding | 395M | 392M | 390M | 388M | 386M | 385M | 385M | 384M | 382M | 381M | 381M | 381M | 386M | 385M | 390M | 396M | 402M | 405M | 404M | 402M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |