Moderna (MRNA) EBT (2017 - 2026)

Moderna's (MRNA) quarterly EBT came in at -$1.3 billion in Q1 2026, down 38.38% year-on-year from -$2.2 billion in Q1 2025, and down 66.96% on a QoQ basis from -$799.0 million in Q4 2025.

Moderna (MRNA) EBT (2017 - 2026) Analysis & Trends

Moderna (MRNA) has 10 years of EBT data on file, last reported at -$1.3 billion in Q1 2026.

  • On a quarterly basis, EBT fell 38.38% year-over-year to -$1.3 billion in Q1 2026; TTM through Mar 2026 was -$3.1 billion, a 7.87% increase from a year earlier, with the FY2025 full-year figure at -$2.8 billion, up 23.26% from the prior year.
  • EBT for Q1 2026 stood at -$1.3 billion, down from -$799.0 million in the prior quarter.
  • Over the last five years, EBT for MRNA reached as high as $4.2 billion in Q1 2022 and fell as low as -$2.0 billion in Q3 2023.
  • Historically, EBT has averaged -$122.1 million across 5 years, with a median of -$799.0 million in 2025.
  • Across the five-year window, EBT jumped 235.63% in 2022 and sank 1791.43% in 2024, its largest moves.
  • Year by year, EBT stood at $1.7 billion in 2022, then sank by 95.77% to $70.0 million in 2023, then sank by 1791.43% to -$1.2 billion in 2024, then soared by 32.52% to -$799.0 million in 2025, then plunged by 66.96% to -$1.3 billion in 2026.
  • Per Business Quant data, the three most recent EBT figures were -$1.3 billion in Q1 2026, -$799.0 million in Q4 2025, and -$187.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -36.97 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 259.22 Mn
4 NuCana 279.75 Bn 279.75 Bn - -3.49 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.25 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 831.20 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -26.94 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 541.00 Mn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -453.82 Mn
10 Moderna 22.52 Bn 17.32 Bn -566.00 Mn -1.33 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.33 Bn
Dec 31, 2025 -799.00 Mn
Sep 30, 2025 -187.00 Mn
Jun 30, 2025 -818.00 Mn
Mar 31, 2025 -964.00 Mn
Dec 31, 2024 -1.18 Bn
Sep 30, 2024 21.00 Mn
Jun 30, 2024 -1.28 Bn
Mar 31, 2024 -1.17 Bn
Dec 31, 2023 70.00 Mn
Sep 30, 2023 -1.96 Bn
Jun 30, 2023 -1.75 Bn
Mar 31, 2023 -305.00 Mn
Dec 31, 2022 1.66 Bn
Sep 30, 2022 1.22 Bn
Jun 30, 2022 2.47 Bn
Mar 31, 2022 4.23 Bn
Dec 31, 2021 5.41 Bn
Sep 30, 2021 3.55 Bn
Jun 30, 2021 3.06 Bn