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
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 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