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Moderna, Inc. Cost of Revenue 2018-2026 | MRNA

Annual FY2018–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$868.0M

−40.7%YoY vs FY2024Source: 10-KFY2025

From $0 in FY2018 to $868.0M in FY2025.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$955M+961.1%Not reportedNot reportedNot reported
FY25$90M−6.3%$119M+3.5%$207M−59.7%$452M−38.8%
FY24$96M−87.9%$115M−84.3%$514M−77.1%$739M−20.5%
FY23$792M−22.1%$731M−47.1%$2.2B+103.7%$929M−51.6%
FY22$1.0B+426.9%$1.4B+84.1%$1.1B+52.4%$1.9B+101.5%
Share12%18%31%39%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionDeclining
CAGR

+155.3%

FY2020
$8.0M
FY2025
$868.0M

5 years selected · on the chart

Cost of Revenue History

Year-over-year comparison from 10-K annual reports

  1. $868.0M
YoY changeLargest recent move+107.0%in FY22Latest −40.7%

1 older move runs past ±150% (largest +32612.5%); point at, tap or drag across the bars to read one.

Cost of Revenue, period by period

PeriodValueChangeSource
FY2025$868.0M−40.7%10-K
FY2024$1.46B−68.8%10-K
FY2023$4.69B−13.3%10-K
FY2022$5.42B+107.0%10-K
FY2021$2.62B+32612.5%10-K
FY2020$8.0M—10-K
FY2019$0—10-K
FY2018$0—10-K

What is cost of revenue?

Cost of revenue includes the direct costs attributable to producing goods or delivering services sold by the company.

What is Moderna, Inc.'s current cost of revenue?

Moderna, Inc. (MRNA) annual cost of revenue for 2025 was $868.0M, a 40.71% decline from 2024. Moderna, Inc. cost of revenue for the quarter ending March 31, 2026 was $955.0M.

What was Moderna, Inc.'s cost of revenue in 2024?

Moderna, Inc. annual cost of revenue for 2024 was $1.46B, a 68.80% decline from 2023.

What was Moderna, Inc.'s cost of revenue in 2023?

Moderna, Inc. annual cost of revenue for 2023 was $4.69B, a 13.35% decline from 2022.

What is Moderna, Inc.'s 5-year cost of revenue CAGR?

Moderna, Inc. cost of revenue grew at a compound annual growth rate (CAGR) of 155.32% from FY2020 to FY2025, going from $8.0M to $868.0M over 5 years.

Company
Moderna, Inc.
Ticker
MRNA
Sector
Healthcare
Industry
Biological Products, (No Diagnostic Substances)