Moderna (MRNA) Revenue (2017 - 2026)
Moderna (MRNA) reported Revenue of $389.0 million for Q1 2026, up 260.19% year-over-year from $108.0 million in Q1 2025, and down 42.63% quarter-over-quarter from $678.0 million in Q4 2025.
Moderna (MRNA) Revenue (2017 - 2026) Analysis & Trends
Moderna (MRNA) has 10 years of Revenue data on file, last reported at $389.0 million in Q1 2026.
- Revenue for Q1 2026 came in at $389.0 million, up 260.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.2 billion (down 28.5% YoY), and the FY2025 annual result was $1.9 billion, down 39.93% from the prior year.
- Revenue fell to $389.0 million in Q1 2026 per MRNA's latest filing, from $678.0 million in the prior quarter.
- Over five years, Revenue peaked at $6.1 billion in Q1 2022 and troughed at $108.0 million in Q1 2025.
- A 5-year average of $1.9 billion and a median of $1.0 billion in 2025 frame the typical range for Revenue.
- The sharpest annual moves came in 2023 and 2026: Revenue tumbled 92.76% in 2023, then surged 260.19% in 2026.
- A 5-year view of Revenue shows it stood at $5.1 billion in 2022, then tumbled by 44.71% to $2.8 billion in 2023, then plunged by 65.64% to $966.0 million in 2024, then decreased by 29.81% to $678.0 million in 2025, then sank by 42.63% to $389.0 million in 2026.
- Business Quant data shows MRNA's Revenue at $389.0 million in Q1 2026, $678.0 million in Q4 2025, and $1.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 5.21 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | 306.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | - |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | - |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 2.99 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Moderna | 25.27 Bn | 20.06 Bn | -566.00 Mn | 389.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 389.00 Mn |
| Dec 31, 2025 | 678.00 Mn |
| Sep 30, 2025 | 1.02 Bn |
| Jun 30, 2025 | 142.00 Mn |
| Mar 31, 2025 | 108.00 Mn |
| Dec 31, 2024 | 966.00 Mn |
| Sep 30, 2024 | 1.86 Bn |
| Jun 30, 2024 | 176.00 Mn |
| Mar 31, 2024 | 167.00 Mn |
| Dec 31, 2023 | 2.81 Bn |
| Sep 30, 2023 | 1.83 Bn |
| Jun 30, 2023 | 344.00 Mn |
| Mar 31, 2023 | 1.86 Bn |
| Dec 31, 2022 | 5.08 Bn |
| Sep 30, 2022 | 3.36 Bn |
| Jun 30, 2022 | 4.75 Bn |
| Mar 31, 2022 | 6.07 Bn |
| Dec 31, 2021 | 7.21 Bn |
| Sep 30, 2021 | 4.97 Bn |
| Jun 30, 2021 | 4.35 Bn |