Moderna (MRNA) Cash from Operations (2018 - 2026)
Moderna's Cash from Operations came in at -$526 million for Q2 2026, compared with -$919 million a year earlier.
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Analysis
Moderna (MRNA) Cash from Operations (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Moderna reported Cash from Operations of -$1.07 billion; for FY2025, it came in at -$1.87 billion.
- Going back by year, Cash from Operations was -$3 billion in FY2024, -$3.12 billion in FY2023, $4.98 billion in FY2022 (-63.4%) and $13.62 billion in FY2021 (+571.9%).
- The five-year range for quarterly Cash from Operations is -$1.6 billion (Q3 2023) to $3.31 billion (Q4 2021).
- The fastest year-over-year change in Cash from Operations over five years came in Q3 2021 (growth of 266.9%), and the weakest in Q2 2022 (a decline of 92.5%).
- Business Quant data shows MRNA's Cash from Operations at -$630 million (Q1 2026), $930 million (Q4 2025) and -$847 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,224.11 Bn | 1,197.72 Bn | 20.46 Bn | 11.40 Bn |
| 2 | Johnson & Johnson | 665.34 Bn | 585.20 Bn | 17.30 Bn | 7.72 Bn |
| 3 | AbbVie | 515.72 Bn | 483.73 Bn | 13.12 Bn | 7.61 Bn |
| 4 | Merck | 362.64 Bn | 325.58 Bn | 13.19 Bn | 6.56 Bn |
| 5 | Novartis Ag | 315.51 Bn | 288.75 Bn | - | - |
| 6 | Astrazeneca | 289.26 Bn | 263.15 Bn | 13.26 Bn | 4.67 Bn |
| 7 | Amgen | 249.20 Bn | 200.85 Bn | 7.58 Bn | 4.24 Bn |
| 8 | Gilead Sciences | 207.48 Bn | 182.59 Bn | 6.73 Bn | 5.04 Bn |
| 9 | Pfizer | 167.49 Bn | 114.85 Bn | 12.56 Bn | 5.38 Bn |
| 10 | Moderna | 100.92 Bn | 80.27 Bn | 52.00 Mn | -526.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -526.00 Mn |
| Mar 31, 2026 | -630.00 Mn |
| Dec 31, 2025 | 930.00 Mn |
| Sep 30, 2025 | -847.00 Mn |
| Jun 30, 2025 | -919.00 Mn |
| Mar 31, 2025 | -1.04 Bn |
| Dec 31, 2024 | 825.00 Mn |
| Sep 30, 2024 | -1.57 Bn |
| Jun 30, 2024 | -1.27 Bn |
| Mar 31, 2024 | -989.00 Mn |
| Dec 31, 2023 | 622.00 Mn |
| Sep 30, 2023 | -1.60 Bn |
| Jun 30, 2023 | -915.00 Mn |
| Mar 31, 2023 | -1.23 Bn |
| Dec 31, 2022 | 1.66 Bn |
| Sep 30, 2022 | 252.00 Mn |
| Jun 30, 2022 | 304.00 Mn |
| Mar 31, 2022 | 2.76 Bn |
| Dec 31, 2021 | 3.31 Bn |
| Sep 30, 2021 | 3.28 Bn |
API Access
Moderna Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=MRNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "MRNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=MRNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();