Moderna, Inc. (MRNA) balance sheet
NASDAQ · Healthcare · Biotechnology · 4,700 employees · CEO Stéphane Bancel
- Price
- $221.72 -0.47%
- Market cap
- $88.5B
- Enterprise value
- $88.1B
- Last report
- Q2 '26 filed 2026-07-31
- Next report
- 2026-11-06
At the end of Q2 '26 Moderna, Inc. (MRNA) held $5.14B in cash and short-term investments against $1.29B of debt incl. leases. Total assets $11B, total liabilities $4.2B, shareholders' equity $6.76B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $2.93B | $2.91B | $2.05B | $2.48B | $1.64B | $1.93B | $1.62B | $1.28B | $1.13B | $2.6B | $1.91B | $1.72B | |
| Short-term investments | $4.64B | $5.7B | $6.47B | $6.01B | $5.22B | $5.1B | $4.35B | $3.85B | $3.37B | $3.2B | $3.3B | $3.42B | |
| Receivables | $2.15B | $1.08B | $387M | $423M | $1.84B | $592M | $306M | $457M | $1.39B | $284M | $147M | $103M | |
| Inventory | $487M | $202M | $295M | $399M | $412M | $117M | $128M | $240M | $332M | $153M | $146M | $280M | |
| Other current assets | $96M | $88M | $68M | $31M | $46M | $58M | $69M | $57M | $132M | $45M | $141M | $148M | |
| Current assets | $10.8B | $10.3B | $9.6B | $9.66B | $9.67B | $8.1B | $6.77B | $6.17B | $6.6B | $6.54B | $5.77B | $5.82B | |
| Property, plant & equipment (net) | $2.72B | $2.66B | $2.76B | $2.97B | $3.17B | $2.96B | $2.96B | $2.92B | $2.86B | $2.85B | $2.79B | $2.76B | |
| Long-term investments | $5.36B | $4.74B | $3.69B | $2.36B | $2.36B | $2.51B | $2.42B | $2.38B | $2.25B | $2.34B | $2.41B | $1.93B | |
| Goodwill | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | |
| Intangible assets | $45M | $44M | $43M | $42M | $41M | $40M | $49M | $48M | $47M | $45M | $116M | $109M | |
| Deferred tax assets | $0 | $81M | $81M | $81M | $81M | $81M | $81M | $81M | $81M | $81M | $82M | $82M | |
| Other non-current assets | $478M | $523M | $502M | $516M | $440M | $407M | $368M | $359M | $241M | $421M | $263M | $213M | |
| Non-current assets | $8.65B | $8.1B | $7.13B | $6.02B | $6.14B | $6.04B | $5.94B | $5.84B | $5.54B | $5.79B | $5.72B | $5.15B | |
| Total assets | $19.5B | $18.4B | $16.7B | $15.7B | $15.8B | $14.1B | $12.7B | $12B | $12.1B | $12.3B | $11.5B | $11B | |
| Liabilities | |||||||||||||
| Accounts payable | $494M | $520M | $183M | $279M | $373M | $405M | $226M | $175M | $267M | $317M | $161M | $167M | |
| Accrued expenses | $1.79B | $997M | $727M | $592M | $729M | $745M | $544M | $482M | $310M | $0 | $108M | $192M | |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $48M | $0 | $50M | $52M | |
| Taxes payable | $56M | $63M | $52M | $7M | $4M | $3M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $1.37B | $568M | $559M | $702M | $379M | $153M | $125M | $218M | $163M | $99M | $102M | $295M | |
| Other current liabilities | $491M | $842M | $834M | $758M | $665M | $863M | $666M | $654M | $893M | $1.57B | $1.97B | $1.83B | |
| Current liabilities | $4.39B | $3.02B | $2.38B | $2.36B | $2.2B | $2.21B | $1.6B | $1.57B | $1.68B | $1.99B | $2.4B | $2.53B | |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $660M | $1.24B | $590M | $591M | |
| Lease obligations (non-current) | $1.27B | $1.22B | $1.21B | $1.24B | $1.3B | $710M | $702M | $698M | $686M | $673M | $658M | $644M | |
| Deferred revenue (non-current) | $166M | $83M | $58M | $95M | $95M | $58M | $58M | $65M | $157M | $153M | $154M | $147M | |
| Deferred tax liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $239M | $0 | $253M | $255M | |
| Other non-current liabilities | $172M | $256M | $262M | $266M | $276M | $267M | $274M | $276M | -$618M | -$368M | $30M | $29M | |
| Non-current liabilities | $1.61B | $1.56B | $1.53B | $1.61B | $1.68B | $1.04B | $1.03B | $1.04B | $1.12B | $1.7B | $1.69B | $1.67B | |
| Total liabilities | $6B | $4.57B | $3.91B | $3.97B | $3.88B | $3.24B | $2.64B | $2.61B | $2.81B | $3.69B | $4.08B | $4.2B | |
| Equity | |||||||||||||
| Retained earnings | $13.4B | $13.6B | $12.4B | $11.2B | $11.2B | $10B | $9.07B | $8.25B | $8.05B | $7.22B | $5.88B | $5.1B | |
| Accumulated other comprehensive income | -$211M | -$123M | -$101M | -$71M | $11M | -$10M | $10M | $23M | $27M | $45M | $25M | $19M | |
| Shareholders' equity | $13.5B | $13.9B | $12.8B | $11.7B | $11.9B | $10.9B | $10.1B | $9.4B | $9.33B | $8.65B | $7.41B | $6.76B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $1.46B | $1.24B | $1.24B | $1.27B | $1.36B | $747M | $745M | $741M | $1.39B | $1.92B | $1.3B | $1.29B | |
| Net debt (debt - cash) | -$1.48B | -$1.66B | -$814M | -$1.21B | -$289M | -$1.18B | -$878M | -$538M | $261M | -$679M | -$610M | -$436M | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $50.1M | $135M | $658M | $236M | $2.62B | $6.85B | $3.21B | $2.91B | $1.93B | $2.6B | |
| Short-term investments | $1.01B | $621M | $863M | $867M | $1.98B | $3.88B | $6.7B | $5.7B | $5.1B | $3.2B | |
| Receivables | $18M | $18.4M | $30.6M | $16.3M | $1.41B | $3.32B | $1.69B | $1.08B | $592M | $284M | |
| Inventory | $0 | $0 | $0 | $0 | $47M | $1.44B | $949M | $202M | $117M | $153M | |
| Other current assets | $0 | $951K | $595K | $1.03M | $11M | $26M | $44M | $88M | $58M | $45M | |
| Current assets | $1.09B | $783M | $1.56B | $1.13B | $6.3B | $16.1B | $13.4B | $10.3B | $8.1B | $6.54B | |
| Property, plant & equipment (net) | $81.2M | $139M | $212M | $288M | $387M | $1.38B | $2.14B | $2.66B | $2.96B | $2.85B | |
| Long-term investments | $237M | $146M | $173M | $160M | $639M | $6.84B | $8.36B | $4.74B | $2.51B | $2.34B | |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $52M | $52M | $52M | |
| Intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $44M | $40M | $45M | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $326M | $982M | $81M | $81M | $81M | |
| Other non-current assets | $12.2M | $16.4M | $14.2M | $12.7M | $13M | $46M | $946M | $523M | $407M | $421M | |
| Non-current assets | $330M | $301M | $399M | $461M | $1.04B | $8.6B | $12.4B | $8.1B | $6.04B | $5.79B | |
| Total assets | $1.42B | $1.08B | $1.96B | $1.59B | $7.34B | $24.7B | $25.9B | $18.4B | $14.1B | $12.3B | |
| Liabilities | |||||||||||
| Accounts payable | $28.2M | $20.7M | $31.2M | $7.09M | $18M | $302M | $487M | $520M | $405M | $317M | |
| Accrued expenses | $13.4M | $54.5M | $55.7M | $40.2M | $375M | $1.35B | $1.91B | $997M | $745M | $0 | |
| Taxes payable | $0 | $0 | $0 | $0 | $0 | $876M | $48M | $63M | $3M | $0 | |
| Deferred revenue | $108M | $96.7M | $109M | $63.3M | $3.87B | $6.25B | $2.04B | $568M | $153M | $99M | |
| Other current liabilities | $13.5M | $19.5M | $26.9M | $32.5M | $99M | $140M | $243M | $842M | $863M | $1.57B | |
| Current liabilities | $163M | $191M | $223M | $143M | $4.39B | $9.13B | $4.92B | $3.02B | $2.21B | $1.99B | |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.24B | |
| Lease obligations (non-current) | $12.5M | $15.7M | $33.5M | $132M | $207M | $705M | $1B | $1.22B | $710M | $673M | |
| Deferred revenue (non-current) | $394M | $243M | $165M | $139M | $177M | $615M | $673M | $83M | $58M | $153M | |
| Other non-current liabilities | $5.76M | $9.12M | $10.3M | $138K | $3M | $76M | $135M | $256M | $267M | -$368M | |
| Non-current liabilities | $413M | $268M | $209M | $271M | $387M | $1.4B | $1.81B | $1.56B | $1.04B | $1.7B | |
| Total liabilities | $575M | $459M | $432M | $415M | $4.78B | $10.5B | $6.74B | $4.57B | $3.24B | $3.69B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $6K | $6K | $33K | $34K | $0 | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | -$366M | -$622M | -$1.01B | -$1.5B | -$2.24B | $9.96B | $18.3B | $13.6B | $10B | $7.22B | |
| Accumulated other comprehensive income | -$403K | -$1.16M | -$1.32M | $1.8M | $3M | -$24M | -$370M | -$123M | -$10M | $45M | |
| Shareholders' equity | $842M | $625M | $1.53B | $1.17B | $2.56B | $14.1B | $19.1B | $13.9B | $10.9B | $8.65B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $12.5M | $15.7M | $33.5M | $132M | $237M | $916M | $1.2B | $1.24B | $747M | $1.92B | |
| Net debt (debt - cash) | -$37.6M | -$119M | -$625M | -$104M | -$2.39B | -$5.93B | -$2.01B | -$1.66B | -$1.18B | -$679M | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01