Moderna (MRNA) Accumulated Expenses (2017 - 2026)

Moderna's (MRNA) quarterly Accumulated Expenses came in at $1.9 billion in Q1 2026, up 91.01% year-on-year from $1.0 billion in Q1 2025, and up 37.95% on a QoQ basis from $1.4 billion in Q4 2025.

Moderna (MRNA) Accumulated Expenses (2017 - 2026) Analysis & Trends

Moderna (MRNA) has 10 years of Accumulated Expenses data on file, last reported at $1.9 billion in Q1 2026.

  • On a quarterly basis, Accumulated Expenses rose 91.01% year-over-year to $1.9 billion in Q1 2026; TTM through Mar 2026 was $1.9 billion, a 91.01% increase from a year earlier, with the FY2025 full-year figure at $1.4 billion, down 2.87% from the prior year.
  • Accumulated Expenses for Q1 2026 stood at $1.9 billion, up from $1.4 billion in the prior quarter.
  • Over the last five years, Accumulated Expenses for MRNA reached as high as $2.2 billion in Q3 2023 and fell as low as $987.0 million in Q2 2025.
  • Historically, Accumulated Expenses has averaged $1.6 billion across 5 years, with a median of $1.5 billion in 2023.
  • Across the five-year window, Accumulated Expenses surged 113.55% in 2022 and sank 38.13% in 2024, its largest moves.
  • Year by year, Accumulated Expenses stood at $2.1 billion in 2022, then slipped by 14.42% to $1.8 billion in 2023, then slipped by 20.63% to $1.4 billion in 2024, then retreated by 2.87% to $1.4 billion in 2025, then soared by 37.95% to $1.9 billion in 2026.
  • Per Business Quant data, the three most recent Accumulated Expenses figures were $1.9 billion in Q1 2026, $1.4 billion in Q4 2025, and $1.2 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn -
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn
4 NuCana 279.75 Bn 279.75 Bn -
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn
7 Belite Bio 62.51 Bn 62.51 Bn -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn -
10 Moderna 22.52 Bn 17.32 Bn -566.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.91 Bn
Dec 31, 2025 1.39 Bn
Sep 30, 2025 1.18 Bn
Jun 30, 2025 987.00 Mn
Mar 31, 2025 1.00 Bn
Dec 31, 2024 1.43 Bn
Sep 30, 2024 1.38 Bn
Jun 30, 2024 1.33 Bn
Mar 31, 2024 1.40 Bn
Dec 31, 2023 1.80 Bn
Sep 30, 2023 2.22 Bn
Jun 30, 2023 1.49 Bn
Mar 31, 2023 1.61 Bn
Dec 31, 2022 2.10 Bn
Sep 30, 2022 1.86 Bn
Jun 30, 2022 1.78 Bn
Mar 31, 2022 1.61 Bn
Dec 31, 2021 1.47 Bn
Sep 30, 2021 1.08 Bn
Jun 30, 2021 848.00 Mn