Moderna, Inc. (MRNA)

Close Price	Market Cap	P/E Ratio	Forward P/E Ratio	Implied Growth*	Implied Forward Growth*	Dividend	P/B Ratio
$24.54	$9.59B	-	-2.8	N/A	-	-	1.0

Revenue & Net Income

	Date	Revenue	Net Income	EPS	Revenue Change	Net Income Change	EPS Change
0	2020-12-31	$274.0M	$-747.0M	$-1.96	N/A	N/A	N/A
1	2021-12-31	$17.7B	$12.2B	$30.31	6373.0%	-1733.5%	-1646.4%
2	2022-12-31	$18.9B	$8.4B	$21.26	6.4%	-31.5%	-29.9%
3	2023-12-31	$6.8B	$-4.7B	$-12.33	-64.2%	-156.4%	-158.0%
4	2024-12-31	$3.2B	$-3.6B	$-9.28	-52.6%	-24.5%	-24.7%
5	TTM 2025-03-31	$3.1B	$-3.4B	$-8.73	-1.9%	-5.7%	-5.9%
6	Average				1252.1%	-390.3%	-373.0%

EPS

Forecasts

Y/Y % Change

YoY Growth Rates

MRNA Year-over-Year Growth

	2020	2021	2022	2023	2024	2025	2026	Average
Revenue Growth (%)		6373.0%	6.4%	-64.2%	-52.6%	-40.6%	31.1%	1042.2%
Revenue Analysts (#)	0	0	0	0	0	8	8
EPS Growth (%)		-1733.5%	-31.5%	-156.4%	-24.5%	5.1%	-24.0%	-327.5%
EPS Analysts (#)	0	0	0	0	0	9	9

Expenses

Year	Revenue ($)	Cost of Revenue ($)	R&D ($)	SG&A ($)	Facilities / D&A ($)
2021	$17.7B	$2.4B	$2.0B	$567.0M	$232.0M
2022	$18.9B	$5.1B	$3.3B	$1.1B	$348.0M
2023	$6.8B	$4.1B	$4.8B	$1.5B	$621.0M
2024	$3.2B	$1.3B	$4.5B	$1.2B	$189.0M
TTM	$3.1B	$1.3B	$3.8B	$1.1B	$208.0M

Year	Revenue Change (%)	Cost of Revenue Change (%)	R&D Change (%)	SG&A Change (%)	Facilities / D&A Change (%)
2022	6.42	112.49	65.49	99.65	50.00
2023	-64.22	-19.65	47.04	36.84	78.45
2024	-52.64	-68.69	-6.23	-24.21	-69.57
TTM	-4.50	-1.65	-16.02	-8.52	10.05

No unmapped expenses.

Segment Performance

axis1_MRNA_Collaboration_Arrangement_Including_Arrangements_With_Affiliate.png

SEGMENTS v2025-09-09 · 2025-11-10 08:26 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).

Year	Product Sales Rev	Product Sales OI	C O V I D19 Rev	C O V I D19 OI	Product And Service Other Rev	Product And Service Other OI	Grant Rev	Grant OI	Collaboration Arrangement Including Arrangements With Affiliate Rev	Collaboration Arrangement Including Arrangements With Affiliate OI	Other Revenue Rev	Other Revenue OI	License And Royalty Rev	License And Royalty OI	R S V Rev	R S V OI	Total Rev	Total OI
2022	92.2B	0.00B	18.4B	0.00B	1.66B	0.00B	1.16B	0.00B	1.32B	0.00B	–	–	–	–	–	–	114.8B	0.00B
2023	33.4B	0.00B	6.67B	0.00B	0.35B	0.00B	0.28B	0.00B	0.25B	0.00B	–	–	–	–	–	–	40.9B	0.00B
2024	15.5B	0.00B	3.08B	0.00B	0.28B	0.00B	0.29B	0.00B	0.14B	0.00B	–	–	0.04B	0.00B	0.03B	0.00B	19.4B	0.00B
TTM	6.32B	0.00B	1.25B	0.00B	0.25B	0.00B	0.11B	0.00B	0.10B	0.00B	0.07B	0.00B	0.01B	0.00B	0.01B	0.00B	8.12B	0.00B
% of Total (TTM)	77.8%	—	15.4%	—	3.0%	—	1.4%	—	1.2%	—	0.9%	—	0.2%	—	0.1%	—	100%	—