Moderna (MRNA) EBT (2017 - 2026)

Moderna (MRNA) reported EBT of -$1.3 billion for Q1 2026, down 38.38% year-over-year from -$2.2 billion in Q1 2025, and down 66.96% quarter-over-quarter 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.

  • EBT for Q1 2026 came in at -$1.3 billion, down 38.38% year-over-year; the trailing twelve-month figure through Mar 2026 was -$3.1 billion (up 7.87% YoY), and the FY2025 annual result was -$2.8 billion, up 23.26% from the prior year.
  • EBT declined to -$1.3 billion in Q1 2026 per MRNA's latest filing, from -$799.0 million in the prior quarter.
  • Over five years, EBT peaked at $4.2 billion in Q1 2022 and troughed at -$2.0 billion in Q3 2023.
  • A 5-year average of -$122.1 million and a median of -$799.0 million in 2025 frame the typical range for EBT.
  • The sharpest annual moves came in 2022 and 2024: EBT soared 235.63% in 2022, then tumbled 1791.43% in 2024.
  • A 5-year view of EBT shows it stood at $1.7 billion in 2022, then plunged by 95.77% to $70.0 million in 2023, then plunged by 1791.43% to -$1.2 billion in 2024, then soared by 32.52% to -$799.0 million in 2025, then tumbled by 66.96% to -$1.3 billion in 2026.
  • Business Quant data shows MRNA's EBT at -$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 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -26.94 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 19.60 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.18 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -15.31 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -1.50 Mn
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.25 Bn
9 Abivax 91.96 Bn 91.96 Bn - -56.48 Mn
10 Moderna 25.27 Bn 20.06 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