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| Date | Value |
|---|---|
| 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 |