Saturday 17 October 2026
Export MRNA’s income statement to Excel — free account
Moderna, Inc.
MRNA Healthcare Biotechnology
Moderna, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 39.9% from fiscal 2024. In the quarter to June 2026, revenue grew 2.11%, EPS grew 7.51%, free cash flow grew 38.9% and total debt rose 1,765.6%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100.
218.01
18.49
−7.82%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 2 | 2 | 4 | 6 | 5 | 4 | 4 | 3 |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.39 | 8.47 | 0.00 | 0.00 | 0.00 |
P/S ratio |
0.00 | 0.00 | 9.17 | 107.91 | 49.57 | 5.54 | 3.66 | 6.28 | 4.93 | 5.90 |
Altman Z-Score |
— | — | 1.20 | 7.70 | 4.65 | 9.27 | 9.64 | 6.11 | 3.76 | 2.46 |
Altman Z″-Score (non-manufacturers) |
2.18 | (0.31) | 5.11 | 1.67 | 0.57 | 8.20 | 9.90 | 6.65 | 6.71 | 5.12 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 20.32 | 7.68 | 15.39 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
(15.37) | (15.37) | (13.61) | (65.36) | 31.49 | 30.92 | 42.43 | 69.09 | 19.35 | 12.34 |
Beneish M-Score |
— | (1.92) | (2.73) | (3.15) | 22.26 | 17.14 | (2.12) | (2.58) | (3.10) | (3.52) |
P/B ratio |
0.00 | 0.00 | 0.81 | 5.51 | 15.54 | 7.24 | 3.69 | 3.10 | 1.46 | 1.33 |
Price to Tangible BV |
0.00 | 0.00 | 0.81 | 5.51 | 15.54 | 7.24 | 3.69 | 3.10 | 1.46 | 1.33 |
EV/Sales |
0.00 | 0.00 | (2.10) | 90.15 | 43.97 | 4.99 | 3.19 | 5.10 | 2.78 | 3.23 |
EV/EBITDA |
0.00 | 0.00 | 0.73 | 0.00 | 0.00 | 6.79 | 6.28 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(0.83) | (0.83) | 0.86 | (11.78) | 17.42 | 6.77 | 12.35 | (11.21) | (2.99) | (3.35) |
EV/FCF |
(0.66) | (0.66) | 0.65 | (11.02) | 18.02 | 6.92 | 13.43 | (9.14) | (2.21) | (3.03) |
Quick Ratio |
6.58 | 4.02 | 6.89 | 7.75 | 1.37 | 1.52 | 2.29 | 3.15 | 3.35 | 3.01 |
Current Ratio |
6.68 | 4.09 | 7.02 | 7.89 | 1.44 | 1.76 | 2.73 | 3.42 | 3.67 | 3.29 |
Net Debt/EBITDA |
5.07 | 2.99 | 3.82 | 2.05 | 6.23 | (0.75) | (0.92) | 2.18 | 1.81 | 1.77 |
Debt/Assets |
0.92% | 1.48% | 1.68% | 2.43% | 1.50% | 2.43% | 3.53% | 3.12% | 0.28% | 4.94% |
Debt/Equity |
(0.04) | (0.03) | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 | 0.04 | 0.00 | 0.07 |
Asset Turnover |
0.09 | 0.16 | 0.09 | 0.03 | 0.18 | 1.15 | 0.76 | 0.31 | 0.20 | 0.15 |
Operating CF/Net income |
(0.29) | 1.23 | 0.82 | 0.89 | (2.71) | 1.12 | 0.60 | 0.66 | 0.84 | 0.66 |
Capex/Depreciation |
(1.88) | (2.70) | (4.60) | (1.19) | (1.66) | (0.99) | (1.06) | (1.26) | (11.18) | (1.36) |
| 52.00% | 60.90% | (82.11%) | (38.00%) | (39.99%) | 146.08% | 50.27% | (28.59%) | (28.77%) | (28.87%) | |
| (18.42%) | (21.57%) | (26.38%) | (28.94%) | (16.74%) | 76.25% | 33.10% | (21.29%) | (21.87%) | (21.31%) | |
ROIC |
0.00% | 0.00% | (626.63%) | (311.74%) | 0.00% | 206.87% | 58.10% | (45.48%) | (62.98%) | (55.51%) |
Return on Tangible Assets |
(22.90%) | (36.92%) | (25.89%) | (43.30%) | (33.86%) | 149.10% | 79.44% | (50.93%) | (44.02%) | (42.18%) |
Average Days of Receivables |
45.54 | 23.79 | 34.01 | 32.66 | 632.27 | 62.74 | 26.24 | 47.54 | 40.38 | 34.55 |
Research and Development Expense of Revenue |
253.44% | 199.42% | 336.19% | 826.67% | 170.61% | 10.78% | 17.11% | 70.75% | 140.39% | 161.11% |
Selling, General and Administrative Expense of Revenue |
53.00% | 31.45% | 69.78% | 183.33% | 23.41% | 3.07% | 5.88% | 22.62% | 36.28% | 52.37% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
36.31% | 19.46% | 53.72% | 135.00% | 11.58% | 0.77% | 1.17% | 4.45% | 13.26% | 24.85% |
Graham Net Nets |
0.64 | 0.64 | 0.91 | 0.11 | 0.04 | 0.05 | 0.09 | 0.13 | 0.30 | 0.25 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 154.64 | 151.90 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(14.03%) | (14.03%) | (31.06%) | (7.92%) | (1.86%) | 11.92% | 11.81% | (11.00%) | (22.32%) | (24.65%) |
Free Cash Flow Yield |
(58.55%) | (58.55%) | (35.25%) | (7.58%) | 4.92% | 13.03% | 6.50% | (8.90%) | (25.40%) | (18.09%) |
Revenue per Share |
1.78 | 3.19 | 1.67 | 0.18 | 2.11 | 45.83 | 48.89 | 17.93 | 8.43 | 5.00 |
Operating CF per Share |
1.10 | (5.14) | (4.08) | (1.39) | 5.32 | 33.80 | 12.64 | (8.16) | (7.82) | (4.81) |
Capex per Share |
(0.55) | (0.91) | (1.30) | (0.10) | (0.18) | (0.70) | (1.02) | (1.85) | (2.74) | (0.52) |
Free Cash Flow per Share |
0.55 | (6.04) | (5.38) | (1.48) | 5.14 | 33.09 | 11.63 | (10.01) | (10.56) | (5.33) |
Cash per Share |
17.42 | 11.74 | 18.76 | 3.34 | 12.09 | 26.62 | 25.13 | 22.52 | 18.29 | 14.91 |
Shareholders Equity per Share |
(5.51) | (8.55) | 18.87 | 3.55 | 6.72 | 35.10 | 48.54 | 36.27 | 28.39 | 22.24 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(5.51) | (8.55) | 18.87 | 3.55 | 6.72 | 35.10 | 48.54 | 36.27 | 28.39 | 22.24 |
Free Cash Flow |
33.59 | (389.88) | (436.63) | (491.00) | 1,959.00 | 13,336.00 | 4,581.00 | (3,825.00) | (4,055.00) | (2,075.00) |
Working Capital |
924.35 | 591.76 | 1,340.20 | 985.69 | 1,909.00 | 6,943.00 | 8,508.00 | 7,310.00 | 5,893.00 | 4,557.00 |
Capital Expenditures |
(33.14) | (58.40) | (105.77) | (32.00) | (68.00) | (284.00) | (400.00) | (707.00) | (1,051.00) | (202.00) |
Net Current Asset Value |
(664.82) | (852.63) | 1,131.10 | 714.19 | 1,522.00 | 5,547.00 | 6,696.00 | 5,753.00 | 4,858.00 | 2,856.00 |
EV/EBIT |
0.00 | 0.00 | 0.69 | 0.00 | 0.00 | 6.94 | 6.53 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.31 | 0.28 | 0.78 | 0.53 | 0.08 | 0.02 | 0.02 | 0.10 | 0.32 | 0.10 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.70 | 7.49 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.22 | 0.16 | 0.11 | 0.13 | 0.14 | 0.23 | 0.19 | 0.29 | 0.04 | 0.07 |
Cash ROIC |
4.56% | (175.93%) | (14.15%) | (21.19%) | 26.91% | 52.36% | 15.30% | (16.61%) | (22.57%) | (13.78%) |
Accounts Receivable Turnover |
6.88 | 15.28 | 10.39 | 6.68 | 1.15 | 8.09 | 8.45 | 6.01 | 5.18 | 7.17 |
Accounts Payable Turnover |
0.61 | 0.86 | 0.96 | 1.62 | 0.64 | 16.36 | 13.73 | 9.32 | 3.17 | 2.40 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 3.52 | 4.53 | 8.15 | 9.18 | 6.43 |
Average Days of Payables |
679.99 | 360.22 | 455.67 | 83.48 | 821.25 | 42.12 | 32.82 | 40.44 | 100.97 | 133.30 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 2,144.38 | 200.98 | 63.96 | 15.71 | 29.17 | 64.34 |
Average Receivables |
15.76 | 13.47 | 13.00 | 8.98 | 698.18 | 2,283.00 | 2,280.00 | 1,138.50 | 625.00 | 271.00 |
Average Payables |
24.58 | 24.44 | 25.97 | 19.15 | 12.55 | 160.00 | 394.50 | 503.50 | 462.50 | 361.00 |
Average Inventory |
— | — | — | — | 744.00 | 744.00 | 1,195.00 | 575.50 | 159.50 | 135.00 |
Average Assets |
1,250.58 | 1,250.83 | 1,523.32 | 1,775.79 | 4,463.21 | 16,003.00 | 25,263.50 | 22,142.00 | 16,284.00 | 13,240.00 |
Average Common Equity |
(442.90) | (443.09) | 489.44 | 1,352.53 | 1,867.91 | 8,353.00 | 16,634.00 | 16,488.50 | 12,377.50 | 9,775.50 |
Columns are period end dates