Moderna (MRNA) Net Cash Flow (2018 - 2026)
Moderna (MRNA) reported Net Cash Flow of -$183 million for Q2 2026, compared with -$346 million a year earlier.
Powered by 
Analysis
Moderna (MRNA) Net Cash Flow (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Moderna's Net Cash Flow came in at $443 million; for FY2025, it came in at $666 million.
- Net Cash Flow has a five-year compound annual growth rate of -22.5% (FY2020 to FY2025).
- By year, Net Cash Flow came in at -$999 million in FY2024, -$289 million in FY2023, -$3.64 billion in FY2022 and $4.22 billion in FY2021 (+76.9%).
- Five-year quarterly Net Cash Flow spans a low of -$2.18 billion in Q2 2022 and a high of $1.46 billion in Q4 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at -$689 million (Q1 2026), $1.46 billion (Q4 2025) and -$148 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,122.91 Bn | 1,091.50 Bn | 19.71 Bn | 3.72 Bn |
| 2 | Johnson & Johnson | 615.09 Bn | 533.62 Bn | 17.26 Bn | -1.27 Bn |
| 3 | AbbVie | 504.75 Bn | 477.86 Bn | 12.70 Bn | -2.82 Bn |
| 4 | Merck | 360.18 Bn | 314.55 Bn | 12.21 Bn | 1.53 Bn |
| 5 | Novartis Ag | 292.05 Bn | 256.04 Bn | 11.24 Bn | 757.00 Mn |
| 6 | Astrazeneca | 256.09 Bn | 229.78 Bn | 12.86 Bn | -3.94 Bn |
| 7 | Amgen | 233.63 Bn | 189.02 Bn | 7.24 Bn | 1.95 Bn |
| 8 | Gilead Sciences | 194.49 Bn | 168.69 Bn | 6.22 Bn | -4.43 Bn |
| 9 | Pfizer | 168.35 Bn | 114.99 Bn | 10.94 Bn | -722.00 Mn |
| 10 | Moderna | 85.93 Bn | 65.29 Bn | 52.00 Mn | -183.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -183.00 Mn |
| Mar 31, 2026 | -689.00 Mn |
| Dec 31, 2025 | 1.46 Bn |
| Sep 30, 2025 | -148.00 Mn |
| Jun 30, 2025 | -346.00 Mn |
| Mar 31, 2025 | -303.00 Mn |
| Dec 31, 2024 | 283.00 Mn |
| Sep 30, 2024 | -834.00 Mn |
| Jun 30, 2024 | 409.00 Mn |
| Mar 31, 2024 | -857.00 Mn |
| Dec 31, 2023 | -25.00 Mn |
| Sep 30, 2023 | -869.00 Mn |
| Jun 30, 2023 | 361.00 Mn |
| Mar 31, 2023 | 244.00 Mn |
| Dec 31, 2022 | 176.00 Mn |
| Sep 30, 2022 | 156.00 Mn |
| Jun 30, 2022 | -2.18 Bn |
| Mar 31, 2022 | -1.80 Bn |
| Dec 31, 2021 | 1.30 Bn |
| Sep 30, 2021 | -53.00 Mn |
API Access
Moderna Net 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=net-cash-flow&ticker=MRNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-cash-flow&ticker=MRNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();