Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Moderna, Inc.

MRNA · Nasdaq · Healthcare

Fundamental quality

DEMANDING

30

out of 100

Breakdown by area

I.GrowthRevenue growth: -48.6%
8
II.ProfitabilityNet margin: -143.6% · ROE: -43.1%
19
III.Financial healthNet debt/EBITDA: 0.41x · FCF: -72%
64

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • Low leverage (net debt of 0.41× EBITDA).

Risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -143.6%).
  • Declining revenue (-48.6% annualized).
  • Negative free cash flow.

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$18,471M$12,202M$13,336M-$6,848M
2022$19,263M$8,362M$4,581M-$3,205M
2023$6,848M-$4,714M-$3,825M-$2,907M
2024$3,236M-$3,561M-$4,055M-$1,927M
2025$1,944M-$2,822M-$2,065M-$2,005M

Between 2021 and 2025, revenue went from $18,471M to $1,944M (-89%) and net income went from $12,202M to -$2,822M (-123%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Moderna, Inc. a profitable company?

Over the last twelve months, no: Moderna, Inc. posts a negative net margin (-143.6%).

Does Moderna, Inc. have a lot of debt?

Not particularly. Its net debt is 0.41 times its EBITDA, a low level.

Is Moderna, Inc. growing?

Its revenue has fallen 48.6% annualized in recent years.

Does Moderna, Inc. generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Moderna, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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