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MRNA US​
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Moderna, Inc.(MRNA US)

$223.37-7.983.45%Ext:$220.91-2.471.10%(After Hours · 21:23:05 UTC)
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  • Home
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  • Get the full experience

    We save the real magic for signed-in users.

MRNA US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Moderna, Inc.(MRNA US)

$223.37-7.983.45%Ext:$220.91-2.471.10%(After Hours · 21:23:05 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Moderna, Inc. — Company Profile

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Sector
Materials
Industry
Paper & Forest Products
Exchange
UQ
CEO
Stéphane Bancel
Headquarters
Cambridge, MA, US
IPO Date
Dec 7, 2018
Employees
4,700
Website
www.modernatx.com

Key Metrics

Price
$190.01
Market Cap
$75.39B
Revenue (TTM)
$389.00M
Net Income (TTM)
$-1343000000.00
EPS (TTM)
-3.40
P/E (TTM)
-23.60
P/B (TTM)
10.18
Dividend Yield

Moderna, Inc. — Company Profile

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Sector
Materials
Industry
Paper & Forest Products
Exchange
UQ
CEO
Stéphane Bancel
Headquarters
Cambridge, MA, US
IPO Date
Dec 7, 2018
Employees
4,700
Website
www.modernatx.com

Key Metrics

Price
$190.01
Market Cap
$75.39B
Revenue (TTM)
$389.00M
Net Income (TTM)
$-1343000000.00
EPS (TTM)
-3.40
P/E (TTM)
-23.60
P/B (TTM)
10.18
Dividend Yield
0.00%
ROE (TTM)
-18.13%
ROA (TTM)
-11.69%
Operating Margin
-3.57%
Beta
1.01

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Website
www.modernatx.com
Location
Cambridge, MA, US
Phone617 714 6500
Employees4,700
CEOStéphane Bancel
Sector
Materials
Industry
Paper & Forest Products
IPO DateDec 7, 2018

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.5K)

Expand
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers04:01PM
  • Form 4Andres Juan9 Nov
  • 10-QQ3ended 30 Sept 20266 Nov
  • 8-KResults of Operations and Financial Condition6 Nov
  • SC 13G/AModerna, Inc.5 Nov
  • Form 4Hoge Stephen16 Oct
  • Form 144Hoge Stephen15 Oct
  • Form 144Hoge Stephen14 Oct
  • Form 4Mock James M7 Oct
  • Form 3Andres Juan5 Oct
  • 8-KModerna Adds Chief Operating Officer Role as Company Expands into Oncology30 Sep
  • Form 4Hoge Stephen16 Sep
  • Form 144Hoge Stephen15 Sep
  • Form 4Mock James M14 Sep
  • Form 144Hoge Stephen14 Sep
  • Form 144Mock James M10 Sep
  • Form 4Mock James M8 Sep
  • Form 4Klinger Shannon Thyme8 Sep
  • Form 4Klinger Shannon Thyme3 Sep
  • Form 4Mock James M3 Sep

News

  • Moderna Issues Cost Outlook Amid Revenue Uncertainty, Stock Falls10:51AM
  • Moderna, Inc. $MRNA Stock Sold by Commonwealth Equity Services LLC04:39AM
  • BioNTech May Be the Next Moderna. Even if it Isn't, the Stock Is a Buy.12 Nov
  • Moderna Targets 2027 Cancer Therapy Launch, Raises 2026 Revenue Growth Outlook12 Nov
  • MRNA Stock Up 3% Since Q3 Earnings Release: How to Play the Stock?12 Nov
  • Why Moderna Stock Dropped on Thursday12 Nov
  • Moderna Needs a Post-Covid Hit. Its Cancer-Drug Spending Plan Ups the Stakes.12 Nov
  • 71 West Capital Partners Acquires New Holdings in Moderna, Inc. $MRNA11 Nov
  • Moderna's Q3 Numbers May Have Seemed Impressive, but They Aren't Enough to Make the Stock a Buy9 Nov
  • Can Moderna's First Cancer Therapy Win FDA Approval in 2027?9 Nov
  • Moderna Q3 Earnings Call Highlights Raised Outlook and Oncology9 Nov
  • BioNTech vs. Moderna: The COVID Vaccine Giants Are Entering a New Era.9 Nov
  • Moderna: 3 Key Takeaways for Long-Term Investors8 Nov
  • Moderna (MRNA) Stock Hits 52-Week Highs After Q3 Earnings: Buy, Hold, or Sell?6 Nov
  • Moderna, Inc. (MRNA) Q3 2026 Earnings Call Transcript6 Nov
  • MRNA Q3 Earnings Beat on COVID Sales, Raises '26 Outlook, Stock Rises6 Nov
  • GSK, Moderna settle patent dispute over Moderna COVID, RSV shots6 Nov
  • Moderna Turns a Profit as R&D Spending Falls: Rapid Earnings Reaction6 Nov
  • Great Jobs Report. Will It Matter to Market Participants?6 Nov
  • What Moderna (MRNA) Said on Its Q3 Earnings Call6 Nov

Mentions in Filings

  • (19)All securities are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), including investments in joint ventures but excluding Loar Holdings Inc. - Common Equity, <strong>Moderna</strong> Inc - Common Stock, and Axsome Therapeutics, Inc. - Common Stock and may be deemed to be “restricted securities.” As of December 31, 2025, the aggregate fair value of these securities is $82,179.6 million, or 172.6% of the Company’s ne …
    Blackstone Private Credit FundModerna, Inc.·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • Framing the Market Opportunity: Majority of Intismeran Autogene Total Opportunity for <strong>Moderna</strong> Remains High Risk Source: Wall Street research and public filings. (1) Sponsor estimate for the primary endpoint; interim analyses can read out earlier (INTerpath-001 read out at a pre-specified interim in Aug ‘26). (2) Reflects estimated timing of first launch in each respective indication. Indication Indication Breakdown Phase · study (Primary Completi …
    Personalis, Inc.Moderna, Inc.·425 - Form 425 - Business combination communication·Q4 26·12 Nov
  • … rson violations of Section 15 against the individuals. The Securities Action alleges that the defendants made misleading statements and omitted to disclose material information concerning the Company’s collaboration with <strong>Moderna</strong> in the Company’s registration statement and final prospectus materials filed in January 2024 and February 2024. The Securities Action seeks, among other things, compensatory damages as well as costs and expenses, includin …
    Metagenomi Therapeutics, Inc.Moderna, Inc.·10-Q - Quarterly report Q3·Q3 26·10 Nov
  • In February 2022 and April 2023, we filed patent infringement lawsuits in the United States against <strong>Moderna</strong> and Pfizer/BioNTech, respectively, and in March 2025 and July/November 2026, we filed international patent infringement lawsuits against Moderna and Pfizer/BioNTech, respectively, seeking compensation for their unlicensed use of our patented technologies in their COVID-19 mRNA-LNP vaccines. It is well established in the scientific literatur …
    Arbutus Biopharma CorpModerna, Inc.·10-Q - Quarterly report Q3·Q3 26·10 Nov
  • … March 2026, Arbutus, along with its exclusive licensee, Genevant Sciences (“Genevant”), entered into a settlement agreement to resolve all global patent infringement litigation and patent revocation proceedings involving <strong>Moderna</strong> (the “Moderna Settlement Agreement”). As part of the settlement, Moderna paid Arbutus and Genevant $950 million in July 2026 (the “Noncontingent Settlement Payment”) and will pay an additional $1.3 billion contingent upon …
    Arbutus Biopharma CorpModerna, Inc.·EX-99.1 - 8-K - Results of Operations and Financial Condition·Q4 26·10 Nov
  • … ,760 | | CNC | Centene Corporation \* | | 2% | | 85 | | 68.54 | | 5,826 | | EXEL | Exelixis, Inc. \* | | 2% | | 82 | | 71.74 | | 5,883 | | HAE | Haemonetics Corporation \* | | 2% | | 50 | | 118.21 | | 5,910 | | MRNA | <strong>Moderna, Inc.</strong> \* | | 2% | | 22 | | 269.00 | | 5,918 | | Industrials (8%): | | | | | | | | | | | APG | APi Group Corporation \* | | 2% | | 138 | | 42.49 | | 5,864 | | CTAS | Cintas Corporation | | 2% | | 26 | | 223.16 | | 5,802 | | R …
    FT 13354Moderna, Inc.·487 - Form 487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·10 Nov

Key Stats

Trading

Px/Chg 1D$190.01 / +0.57%
Avg Volume7.73M
Beta1.01
Mkt Cap75.39B
FD Mkt Cap56.23B

Float

Shrs Out/Float396.79M / 372.35M
Short Float0.14%
Days to Cover4.61
Stock Repurchased$0.00

Current Valuation

EV74.78B
EV/EBITDA-25.92
EV/Sales33.61
P/B10.18
P/S33.88
FCF Yield-0.92%
ROE-18.13%
ROA-11.69%
Current Ratio2.41

Estimates

P/E-23.60
Est P/E0.00
Est EPS-4.45
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-16.786.13-9.03-3.08-21.80-56.14
Price / Sales46.552.726.223.4326.56193.81
Price / Book Value3.802.683.071.012.0810.18
Price / Free Cash Flow-18.3711.19-11.13-2.7019.75-108.95
ENTERPRISE VALUE METRICS
Enterprise Value38,415.249,270.240,913.79,779.417,329.574,783.3
Enterprise Value / Sales45.892.615.973.0625.56192.25
Enterprise Value / EBITDA-18.685.04-12.46-2.88-23.67-59.45
Enterprise Value / EBIT-17.295.23-10.48-2.73-21.69-56.78

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-42.5%17,736.018,875.06,848.03,199.01,944.0
Gross Income-48.3%15,119.013,459.02,155.01,735.01,076.0
EBITDA—13,528.09,768.0-3,283.0-3,394.0-2,553.0
EBIT—13,296.09,420.0-3,904.0-3,583.0-2,768.0
Net Income—12,202.08,362.0-4,714.0-3,561.0-2,822.0
EPS (Diluted)—28.2920.10-12.34-9.27-7.26
BALANCE SHEET
Cash & ST Inv-14.3%10,727.09,902.08,604.07,025.05,799.0
Total Assets-15.9%24,669.025,858.018,426.014,142.012,338.0
Total Liabilities-23.1%10,524.06,735.04,572.03,241.03,688.0
Total Shareholder Equity-11.6%14,145.019,123.013,854.010,901.08,650.0
CASH FLOW
Net Operating Cash Flow—13,620.04,981.0-3,118.0-3,004.0-1,873.0
Cap Ex-9.3%-284.0-400.0-707.0-1,051.0-192.0
Free Cash Flow—13,336.04,581.0-3,825.0-4,055.0-2,065.0

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)223.23
Basic Shares396.79
Market Cap88,574.5
Diluted Shares430.00
Fully Diluted Shares Outstanding430.00
Fully Diluted Market Cap95,988.9
+Consolidated Debt4,179.0
−In-the-Money Convertible Debt—
+Capital Leases630.0
+Operating Leases—
−Cash & Equivalents-1,195.0
−Short-term Investments-3,976.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value91,558.5

Segment data

Revenue

by Products and services

  • Covid93%
  • Stand-ready Manufacturing Revenue4%
  • Grant Revenue1%
  • Collaboration Revenue1%
  • Licensing And Royalty Revenue1%

Revenue

by Geography

  • United States65%
  • Rest Of The World33%
  • Europe3%

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0.00%
ROE (TTM)
-18.13%
ROA (TTM)
-11.69%
Operating Margin
-3.57%
Beta
1.01

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Website
www.modernatx.com
Location
Cambridge, MA, US
Phone617 714 6500
Employees4,700
CEOStéphane Bancel
Sector
Materials
Industry
Paper & Forest Products
IPO DateDec 7, 2018

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.5K)

Expand
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers04:01PM
  • Form 4Andres Juan9 Nov
  • 10-QQ3ended 30 Sept 20266 Nov
  • 8-KResults of Operations and Financial Condition6 Nov
  • SC 13G/AModerna, Inc.5 Nov
  • Form 4Hoge Stephen16 Oct
  • Form 144Hoge Stephen15 Oct
  • Form 144Hoge Stephen14 Oct
  • Form 4Mock James M7 Oct
  • Form 3Andres Juan5 Oct
  • 8-KModerna Adds Chief Operating Officer Role as Company Expands into Oncology30 Sep
  • Form 4Hoge Stephen16 Sep
  • Form 144Hoge Stephen15 Sep
  • Form 4Mock James M14 Sep
  • Form 144Hoge Stephen14 Sep
  • Form 144Mock James M10 Sep
  • Form 4Mock James M8 Sep
  • Form 4Klinger Shannon Thyme8 Sep
  • Form 4Klinger Shannon Thyme3 Sep
  • Form 4Mock James M3 Sep

News

  • Moderna Issues Cost Outlook Amid Revenue Uncertainty, Stock Falls10:51AM
  • Moderna, Inc. $MRNA Stock Sold by Commonwealth Equity Services LLC04:39AM
  • BioNTech May Be the Next Moderna. Even if it Isn't, the Stock Is a Buy.12 Nov
  • Moderna Targets 2027 Cancer Therapy Launch, Raises 2026 Revenue Growth Outlook12 Nov
  • MRNA Stock Up 3% Since Q3 Earnings Release: How to Play the Stock?12 Nov
  • Why Moderna Stock Dropped on Thursday12 Nov
  • Moderna Needs a Post-Covid Hit. Its Cancer-Drug Spending Plan Ups the Stakes.12 Nov
  • 71 West Capital Partners Acquires New Holdings in Moderna, Inc. $MRNA11 Nov
  • Moderna's Q3 Numbers May Have Seemed Impressive, but They Aren't Enough to Make the Stock a Buy9 Nov
  • Can Moderna's First Cancer Therapy Win FDA Approval in 2027?9 Nov
  • Moderna Q3 Earnings Call Highlights Raised Outlook and Oncology9 Nov
  • BioNTech vs. Moderna: The COVID Vaccine Giants Are Entering a New Era.9 Nov
  • Moderna: 3 Key Takeaways for Long-Term Investors8 Nov
  • Moderna (MRNA) Stock Hits 52-Week Highs After Q3 Earnings: Buy, Hold, or Sell?6 Nov
  • Moderna, Inc. (MRNA) Q3 2026 Earnings Call Transcript6 Nov
  • MRNA Q3 Earnings Beat on COVID Sales, Raises '26 Outlook, Stock Rises6 Nov
  • GSK, Moderna settle patent dispute over Moderna COVID, RSV shots6 Nov
  • Moderna Turns a Profit as R&D Spending Falls: Rapid Earnings Reaction6 Nov
  • Great Jobs Report. Will It Matter to Market Participants?6 Nov
  • What Moderna (MRNA) Said on Its Q3 Earnings Call6 Nov

Mentions in Filings

  • (19)All securities are exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), including investments in joint ventures but excluding Loar Holdings Inc. - Common Equity, <strong>Moderna</strong> Inc - Common Stock, and Axsome Therapeutics, Inc. - Common Stock and may be deemed to be “restricted securities.” As of December 31, 2025, the aggregate fair value of these securities is $82,179.6 million, or 172.6% of the Company’s ne …
    Blackstone Private Credit FundModerna, Inc.·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • Framing the Market Opportunity: Majority of Intismeran Autogene Total Opportunity for <strong>Moderna</strong> Remains High Risk Source: Wall Street research and public filings. (1) Sponsor estimate for the primary endpoint; interim analyses can read out earlier (INTerpath-001 read out at a pre-specified interim in Aug ‘26). (2) Reflects estimated timing of first launch in each respective indication. Indication Indication Breakdown Phase · study (Primary Completi …
    Personalis, Inc.Moderna, Inc.·425 - Form 425 - Business combination communication·Q4 26·12 Nov
  • … rson violations of Section 15 against the individuals. The Securities Action alleges that the defendants made misleading statements and omitted to disclose material information concerning the Company’s collaboration with <strong>Moderna</strong> in the Company’s registration statement and final prospectus materials filed in January 2024 and February 2024. The Securities Action seeks, among other things, compensatory damages as well as costs and expenses, includin …
    Metagenomi Therapeutics, Inc.Moderna, Inc.·10-Q - Quarterly report Q3·Q3 26·10 Nov
  • In February 2022 and April 2023, we filed patent infringement lawsuits in the United States against <strong>Moderna</strong> and Pfizer/BioNTech, respectively, and in March 2025 and July/November 2026, we filed international patent infringement lawsuits against Moderna and Pfizer/BioNTech, respectively, seeking compensation for their unlicensed use of our patented technologies in their COVID-19 mRNA-LNP vaccines. It is well established in the scientific literatur …
    Arbutus Biopharma CorpModerna, Inc.·10-Q - Quarterly report Q3·Q3 26·10 Nov
  • … March 2026, Arbutus, along with its exclusive licensee, Genevant Sciences (“Genevant”), entered into a settlement agreement to resolve all global patent infringement litigation and patent revocation proceedings involving <strong>Moderna</strong> (the “Moderna Settlement Agreement”). As part of the settlement, Moderna paid Arbutus and Genevant $950 million in July 2026 (the “Noncontingent Settlement Payment”) and will pay an additional $1.3 billion contingent upon …
    Arbutus Biopharma CorpModerna, Inc.·EX-99.1 - 8-K - Results of Operations and Financial Condition·Q4 26·10 Nov
  • … ,760 | | CNC | Centene Corporation \* | | 2% | | 85 | | 68.54 | | 5,826 | | EXEL | Exelixis, Inc. \* | | 2% | | 82 | | 71.74 | | 5,883 | | HAE | Haemonetics Corporation \* | | 2% | | 50 | | 118.21 | | 5,910 | | MRNA | <strong>Moderna, Inc.</strong> \* | | 2% | | 22 | | 269.00 | | 5,918 | | Industrials (8%): | | | | | | | | | | | APG | APi Group Corporation \* | | 2% | | 138 | | 42.49 | | 5,864 | | CTAS | Cintas Corporation | | 2% | | 26 | | 223.16 | | 5,802 | | R …
    FT 13354Moderna, Inc.·487 - Form 487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·10 Nov

Key Stats

Trading

Px/Chg 1D$190.01 / +0.57%
Avg Volume7.73M
Beta1.01
Mkt Cap75.39B
FD Mkt Cap56.23B

Float

Shrs Out/Float396.79M / 372.35M
Short Float0.14%
Days to Cover4.61
Stock Repurchased$0.00

Current Valuation

EV74.78B
EV/EBITDA-25.92
EV/Sales33.61
P/B10.18
P/S33.88
FCF Yield-0.92%
ROE-18.13%
ROA-11.69%
Current Ratio2.41

Estimates

P/E-23.60
Est P/E0.00
Est EPS-4.45
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-16.786.13-9.03-3.08-21.80-56.14
Price / Sales46.552.726.223.4326.56193.81
Price / Book Value3.802.683.071.012.0810.18
Price / Free Cash Flow-18.3711.19-11.13-2.7019.75-108.95
ENTERPRISE VALUE METRICS
Enterprise Value38,415.249,270.240,913.79,779.417,329.574,783.3
Enterprise Value / Sales45.892.615.973.0625.56192.25
Enterprise Value / EBITDA-18.685.04-12.46-2.88-23.67-59.45
Enterprise Value / EBIT-17.295.23-10.48-2.73-21.69-56.78

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue-42.5%17,736.018,875.06,848.03,199.01,944.0
Gross Income-48.3%15,119.013,459.02,155.01,735.01,076.0
EBITDA—13,528.09,768.0-3,283.0-3,394.0-2,553.0
EBIT—13,296.09,420.0-3,904.0-3,583.0-2,768.0
Net Income—12,202.08,362.0-4,714.0-3,561.0-2,822.0
EPS (Diluted)—28.2920.10-12.34-9.27-7.26
BALANCE SHEET
Cash & ST Inv-14.3%10,727.09,902.08,604.07,025.05,799.0
Total Assets-15.9%24,669.025,858.018,426.014,142.012,338.0
Total Liabilities-23.1%10,524.06,735.04,572.03,241.03,688.0
Total Shareholder Equity-11.6%14,145.019,123.013,854.010,901.08,650.0
CASH FLOW
Net Operating Cash Flow—13,620.04,981.0-3,118.0-3,004.0-1,873.0
Cap Ex-9.3%-284.0-400.0-707.0-1,051.0-192.0
Free Cash Flow—13,336.04,581.0-3,825.0-4,055.0-2,065.0

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)223.23
Basic Shares396.79
Market Cap88,574.5
Diluted Shares430.00
Fully Diluted Shares Outstanding430.00
Fully Diluted Market Cap95,988.9
+Consolidated Debt4,179.0
−In-the-Money Convertible Debt—
+Capital Leases630.0
+Operating Leases—
−Cash & Equivalents-1,195.0
−Short-term Investments-3,976.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value91,558.5

Segment data

Revenue

by Products and services

  • Covid93%
  • Stand-ready Manufacturing Revenue4%
  • Grant Revenue1%
  • Collaboration Revenue1%
  • Licensing And Royalty Revenue1%

Revenue

by Geography

  • United States65%
  • Rest Of The World33%
  • Europe3%

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