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
DateValue
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