Moderna (MRNA) Accumulated Expenses (2017 - 2026)

Moderna (MRNA) reported Accumulated Expenses of $1.9 billion for Q1 2026, up 91.01% year-over-year from $1.0 billion in Q1 2025, and up 37.95% quarter-over-quarter 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.

  • Accumulated Expenses for Q1 2026 came in at $1.9 billion, up 91.01% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 91.01% YoY), and the FY2025 annual result was $1.4 billion, down 2.87% from the prior year.
  • Accumulated Expenses rose to $1.9 billion in Q1 2026 per MRNA's latest filing, from $1.4 billion in the prior quarter.
  • Over five years, Accumulated Expenses peaked at $2.2 billion in Q3 2023 and troughed at $987.0 million in Q2 2025.
  • A 5-year average of $1.6 billion and a median of $1.5 billion in 2023 frame the typical range for Accumulated Expenses.
  • The sharpest annual moves came in 2022 and 2024: Accumulated Expenses jumped 113.55% in 2022, then tumbled 38.13% in 2024.
  • A 5-year view of Accumulated Expenses shows it stood at $2.1 billion in 2022, then fell by 14.42% to $1.8 billion in 2023, then fell by 20.63% to $1.4 billion in 2024, then dropped by 2.87% to $1.4 billion in 2025, then soared by 37.95% to $1.9 billion in 2026.
  • Business Quant data shows MRNA's Accumulated Expenses at $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 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn -
7 Psyence Biomedical 212.16 Bn 212.16 Bn -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn
9 Abivax 91.96 Bn 91.96 Bn -
10 Moderna 25.27 Bn 20.06 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