Moderna, Inc. (MRNA) Revenue by Year

MRNA

Moderna, Inc. generated $1.9B in revenue in fiscal year 2025. This represents a decrease of 39.9% from the prior fiscal year. Over the trailing 12 months, Q3 FY2025 through Q2 FY2026, the same line adds up to $2.2B in revenue. The table below carries 10 fiscal years, from 2016 to 2025, and the quarters Moderna, Inc. has filed alongside them.

FY2025 annual

Revenue $1.9B

YoY -39.9%

5Y CAGR +19.3%

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD

Annual figures, oldest first. Point at a bar to read its period.

MRNA Revenue by Fiscal Year

Figures are as reported in USD. Each change compares the year with the year before it, and each column links to the filing it was taken from.

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K
Revenue	$2.2B	$1.9B-39.9%	$3.2B-52.7%	$6.8B-64.4%	$19.3B+4.3%	$18.5B+2200.2%	$803.0M+1238.3%	$60.0M-55.6%	$135.1M-34.4%	$205.8M+89.9%	$108.4M

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings.

MRNA Revenue by Quarter

Figures are as reported in USD. Each change compares the quarter with the same quarter a year earlier.

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q	Q4'2310-K	Q3'2310-Q
Revenue	$145.0M+2.1%	$389.0M+260.2%	$678.0M-29.8%	$1.0B-45.4%	$142.0M-41.1%	$108.0M-35.3%	$966.0M-65.6%	$1.9B+1.7%	$241.0M-29.9%	$167.0M-91.0%	$2.8B-44.7%	$1.8B-45.6%

What revenue means

Revenue is everything the company billed its customers over the period, counted before any cost of running the business comes out of it.

More Moderna, Inc. financials

Frequently Asked Questions

What was Moderna, Inc.'s revenue in fiscal year 2025?

Moderna, Inc. generated $1.9B in revenue in fiscal year 2025.

How fast is Moderna, Inc.'s revenue growing?

Moderna, Inc. (MRNA) revenue fell by 39.9% year over year, from $3.2B to $1.9B in fiscal year 2025.

What is Moderna, Inc.'s revenue over the last twelve months?

Moderna, Inc. (MRNA) reported $2.2B in revenue over the trailing 12 months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings.

How has Moderna, Inc.'s revenue changed over the years?

Across the 10 fiscal years this page covers, Moderna, Inc. (MRNA) revenue went from $108.4M in fiscal year 2016 to $1.9B in fiscal year 2025.

What was Moderna, Inc.'s revenue in the most recent quarter?

Moderna, Inc. (MRNA) reported $145.0M in revenue in Q2 2026. This represents an increase of 2.1% from the same quarter a year earlier.

What does revenue mean on a financial statement?

Revenue is everything the company billed its customers over the period, counted before any cost of running the business comes out of it. This page lists what Moderna, Inc. (MRNA) reported on that line in every period on record.