Moderna (MRNA) Revenue (2017 - 2026)
Moderna's (MRNA) quarterly Revenue came in at $389.0 million in Q1 2026, up 260.19% year-on-year from $108.0 million in Q1 2025, and down 42.63% on a QoQ basis 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.
- On a quarterly basis, Revenue rose 260.19% year-over-year to $389.0 million in Q1 2026; TTM through Mar 2026 was $2.2 billion, a 29.97% decrease from a year earlier, with the FY2025 full-year figure at $1.9 billion, down 39.93% from the prior year.
- Revenue for Q1 2026 stood at $389.0 million, down from $678.0 million in the prior quarter.
- Over the last five years, Revenue for MRNA reached as high as $6.1 billion in Q1 2022 and fell as low as $108.0 million in Q1 2025.
- Historically, Revenue has averaged $1.9 billion across 5 years, with a median of $1.0 billion in 2025.
- Across the five-year window, Revenue sank 92.76% in 2023 and soared 260.19% in 2026, its largest moves.
- Year by year, Revenue stood at $5.1 billion in 2022, then plunged by 44.71% to $2.8 billion in 2023, then sank by 65.64% to $966.0 million in 2024, then declined by 29.81% to $678.0 million in 2025, then slumped by 42.63% to $389.0 million in 2026.
- Per Business Quant data, the three most recent Revenue figures were $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 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | - |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | - |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.51 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 2.99 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 3.61 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | - |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | 1.30 Bn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | - |
| 10 | Moderna | 21.46 Bn | 16.25 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 | 241.00 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 |