Moderna (MRNA) Free Cash Flow (2018 - 2026)
Moderna (MRNA) posted Free Cash Flow of -$563 million for Q2 2026, compared with -$922 million a year earlier.
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Analysis
Moderna (MRNA) Free Cash Flow (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at Moderna was -$1.24 billion; for FY2025, it came in at -$2.07 billion.
- In prior years, Moderna's Free Cash Flow was -$4.06 billion in FY2024, -$3.83 billion in FY2023, $4.58 billion in FY2022 (-65.6%) and $13.34 billion in FY2021 (+580.8%).
- Quarterly Free Cash Flow has run from a low of -$1.74 billion in Q3 2023 to a high of $3.19 billion in Q4 2021 over five years.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q3 2021, with growth of 263.5%; the weakest was Q3 2022, with a decline of 94.9%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was -$692 million (Q1 2026), $891 million (Q4 2025) and -$880 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,122.91 Bn | 1,091.50 Bn | 19.71 Bn | 7.76 Bn |
| 2 | Johnson & Johnson | 615.09 Bn | 533.62 Bn | 17.26 Bn | 7.30 Bn |
| 3 | AbbVie | 504.75 Bn | 477.86 Bn | 12.70 Bn | 3.11 Bn |
| 4 | Merck | 360.18 Bn | 314.55 Bn | 12.21 Bn | 4.48 Bn |
| 5 | Novartis Ag | 292.05 Bn | 256.04 Bn | 11.24 Bn | 5.56 Bn |
| 6 | Astrazeneca | 256.09 Bn | 229.78 Bn | 12.86 Bn | 1.01 Bn |
| 7 | Amgen | 233.63 Bn | 189.02 Bn | 7.24 Bn | 3.49 Bn |
| 8 | Gilead Sciences | 194.49 Bn | 168.69 Bn | 6.22 Bn | 3.43 Bn |
| 9 | Pfizer | 168.35 Bn | 114.99 Bn | 10.94 Bn | 302.00 Mn |
| 10 | Moderna | 85.93 Bn | 65.29 Bn | 52.00 Mn | -563.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -563.00 Mn |
| Mar 31, 2026 | -692.00 Mn |
| Dec 31, 2025 | 891.00 Mn |
| Sep 30, 2025 | -880.00 Mn |
| Jun 30, 2025 | -922.00 Mn |
| Mar 31, 2025 | -1.15 Bn |
| Dec 31, 2024 | 303.00 Mn |
| Sep 30, 2024 | -1.72 Bn |
| Jun 30, 2024 | -1.46 Bn |
| Mar 31, 2024 | -1.19 Bn |
| Dec 31, 2023 | 402.00 Mn |
| Sep 30, 2023 | -1.74 Bn |
| Jun 30, 2023 | -1.15 Bn |
| Mar 31, 2023 | -1.34 Bn |
| Dec 31, 2022 | 1.57 Bn |
| Sep 30, 2022 | 163.00 Mn |
| Jun 30, 2022 | 217.00 Mn |
| Mar 31, 2022 | 2.63 Bn |
| Dec 31, 2021 | 3.19 Bn |
| Sep 30, 2021 | 3.18 Bn |
API Access
Moderna Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MRNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "MRNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MRNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();