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