Moderna MRNA
NASDAQ MRNA
$134.83 -0.78 (-0.58%)
As of: Sep 10, 2026 · 3:07 PM EDT

Moderna (MRNA) Enterprise Value (2018 - 2026)

Moderna's (MRNA) quarterly Enterprise Value came in at $22.8 billion in Q2 2026, up 307.1% year-over-year from $5.6 billion in Q2 2025, and up 52.41% quarter-over-quarter from $15.0 billion in Q1 2026.

Analysis

Moderna (MRNA) Enterprise Value (2018 - 2026) Analysis & Trends

Moderna (MRNA) has reported Enterprise Value for 9 consecutive years, with $22.8 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Enterprise Value rose 307.1% year-over-year to $22.8 billion in Q2 2026; TTM through Jun 2026 was $22.8 billion, a 307.1% increase from a year earlier, with the FY2025 full-year figure at $5.8 billion, down 35.51% from the prior year.
  • Enterprise Value was $22.8 billion for Q2 2026 at Moderna, up from $15.0 billion in the prior quarter.
  • Over five years, Enterprise Value peaked at $59.3 billion in Q4 2022 and troughed at $5.0 billion in Q1 2025.
  • A 5-year average of $28.3 billion and a median of $30.6 billion in 2023 frame the typical range for Enterprise Value.
  • Across the five-year window, Enterprise Value slumped 84.91% in 2025 and soared 307.1% in 2026, its largest moves.
  • Over 5 years, Enterprise Value stood at $59.3 billion in 2022, then slumped by 50.4% to $29.4 billion in 2023, then tumbled by 69.29% to $9.0 billion in 2024, then sank by 35.51% to $5.8 billion in 2025, then surged by 291.82% to $22.8 billion in 2026.
  • The last three Enterprise Value figures came in at $22.8 billion (Q2 2026), $15.0 billion (Q1 2026), and $5.8 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Amgen 207.01 Bn 193.02 Bn 7.24 Bn
2 Gilead Sciences 179.98 Bn 176.80 Bn 6.22 Bn
3 Vertex Pharmaceuticals 131.45 Bn 123.60 Bn 2.84 Bn
4 Regeneron Pharmaceuticals 82.02 Bn 74.03 Bn 3.93 Bn
5 Argenx Se 60.35 Bn 55.16 Bn 1.37 Bn
6 Moderna 53.69 Bn 48.55 Bn 52.00 Mn
7 Alnylam Pharmaceuticals 33.11 Bn 29.80 Bn 992.69 Mn
8 Biogen 31.93 Bn 30.64 Bn 1.96 Bn
9 Roivant Sciences 29.21 Bn 29.21 Bn 1.16 Mn
10 Insmed 27.55 Bn 26.39 Bn 358.27 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 22.80 Bn
Mar 31, 2026 14.96 Bn
Dec 31, 2025 5.82 Bn
Sep 30, 2025 5.60 Bn
Jun 30, 2025 5.60 Bn
Mar 31, 2025 5.00 Bn
Dec 31, 2024 9.02 Bn
Sep 30, 2024 18.86 Bn
Jun 30, 2024 37.11 Bn
Mar 31, 2024 32.29 Bn
Dec 31, 2023 29.39 Bn
Sep 30, 2023 31.78 Bn
Jun 30, 2023 37.83 Bn
Mar 31, 2023 50.05 Bn
Dec 31, 2022 59.25 Bn
Sep 30, 2022 37.41 Bn
Jun 30, 2022 48.10 Bn
Mar 31, 2022 58.79 Bn
Dec 31, 2021 91.63 Bn
Sep 30, 2021 146.96 Bn