Moderna (MRNA) Change in Inventory (2020 - 2026)

Moderna's (MRNA) quarterly Change in Inventory came in at -$6.0 million in Q1 2026, down 175.0% year-on-year from $8.0 million in Q1 2025, and up 96.65% on a QoQ basis from -$179.0 million in Q4 2025.

Moderna (MRNA) Change in Inventory (2020 - 2026) Analysis & Trends

Moderna (MRNA) has 7 years of Change in Inventory data on file, last reported at -$6.0 million in Q1 2026.

  • On a quarterly basis, Change in Inventory fell 175.0% year-over-year to -$6.0 million in Q1 2026; TTM through Mar 2026 was $20.0 million, a 111.9% increase from a year earlier, with the FY2025 full-year figure at $34.0 million, up 140.96% from the prior year.
  • Change in Inventory for Q1 2026 stood at -$6.0 million, up from -$179.0 million in the prior quarter.
  • Over the last five years, Change in Inventory for MRNA reached as high as $501.0 million in Q1 2022 and fell as low as -$1.1 billion in Q4 2022.
  • Historically, Change in Inventory has averaged -$76.1 million across 5 years, with a median of -$6.0 million in 2026.
  • Across the five-year window, Change in Inventory tumbled 336.97% in 2022 and jumped 727.27% in 2025, its largest moves.
  • Year by year, Change in Inventory stood at -$1.1 billion in 2022, then jumped by 74.73% to -$285.0 million in 2023, then decreased by 2.11% to -$291.0 million in 2024, then jumped by 38.49% to -$179.0 million in 2025, then soared by 96.65% to -$6.0 million in 2026.
  • Per Business Quant data, the three most recent Change in Inventory figures were -$6.0 million in Q1 2026, -$179.0 million in Q4 2025, and $91.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (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 71.84 Mn
4 NuCana 279.75 Bn 279.75 Bn - -
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 97.70 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn -26.60 Mn
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 -6.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -6.00 Mn
Mar 31, 2026 -6.00 Mn
Dec 31, 2025 -179.00 Mn
Dec 31, 2025 -179.00 Mn
Sep 30, 2025 91.00 Mn
Sep 30, 2025 91.00 Mn
Jun 30, 2025 114.00 Mn
Jun 30, 2025 114.00 Mn
Mar 31, 2025 8.00 Mn
Mar 31, 2025 8.00 Mn
Dec 31, 2024 -291.00 Mn
Dec 31, 2024 -291.00 Mn
Sep 30, 2024 11.00 Mn
Sep 30, 2024 11.00 Mn
Jun 30, 2024 104.00 Mn
Jun 30, 2024 104.00 Mn
Mar 31, 2024 93.00 Mn
Mar 31, 2024 93.00 Mn
Dec 31, 2023 -285.00 Mn
Dec 31, 2023 -285.00 Mn