Companies / Health Care
MRNA
Moderna
Biotechnology
BiotechnologyAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health29
Growth0
Profitability15
Cash generation0
Balance sheet100
Dilution control28
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)29.2%Revenue growth (FY)-39.9%Revenue CAGR (3y)-53.4%Gross margin55.3%Operating margin-158.1%Net margin-145.2%Free cash flow margin-106.2%R&D / revenue161.1%Stock comp / revenue24.8%Net debt / operating cash flow—Current ratio3.29Diluted share count change1.3%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $18.5B | $19.3B | $6.8B | $3.2B | $1.9B |
| Gross profit | $15.9B | $13.8B | $2.2B | $1.8B | $1.1B |
| Operating income | $13.3B | $9.4B | -$4.2B | -$3.9B | -$3.1B |
| Net income | $12.2B | $8.4B | -$4.7B | -$3.6B | -$2.8B |
| Operating cash flow | $13.6B | $5.0B | -$3.1B | -$3.0B | -$1.9B |
| Capital expenditure | $284M | $400M | $707M | $1.1B | $192M |
| Free cash flow | $13.3B | $4.6B | -$3.8B | -$4.1B | -$2.1B |
| R&D | $2.0B | $3.3B | $4.8B | $4.5B | $3.1B |
| Stock-based comp | $142M | $226M | $305M | $429M | $483M |
| Buybacks | $857M | $3.3B | $1.2B | $0 | $2M |
| Cash | $6.8B | $3.2B | $2.9B | $1.9B | $2.6B |
| Total debt | — | — | — | $0 | $590M |
| Equity | $14.1B | $19.1B | $13.9B | $10.9B | $8.7B |
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