Moderna (MRNA) Revenue & Revenue Breakdown


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Moderna Revenue Highlights


Latest Revenue (Y)

$6.85B

Latest Revenue (Q)

$1.85B

Main Segment (Y)

Product Sales

Main Geography (Y)

Rest Of The World

Moderna Revenue by Period


Moderna Revenue by Year

DateRevenueChange
2023-12-31$6.85B-64.45%
2022-12-31$19.26B8.61%
2021-12-31$17.74B6361.44%
2020-12-31$274.49M471.43%
2019-12-31$48.04M-60.79%
2018-12-31$122.51M-30.77%
2017-12-31$176.97M74.30%
2016-12-31$101.54M-

Moderna generated $6.85B in revenue during NA 2023, up -64.45% compared to the previous quarter, and up 5589.66% compared to the same period a year ago.

Moderna Revenue by Quarter

DateRevenueChange
2024-09-30$1.85B669.71%
2024-06-30$241.00M44.31%
2024-03-31$167.00M-94.06%
2023-12-31$2.81B53.63%
2023-09-30$1.83B432.27%
2023-06-30$344.00M-81.53%
2023-03-31$1.86B-63.38%
2022-12-31$5.08B57.89%
2022-09-30$3.22B-29.48%
2022-06-30$4.57B-23.13%
2022-03-31$5.94B-14.52%
2021-12-31$6.95B43.90%
2021-09-30$4.83B14.57%
2021-06-30$4.21B141.82%
2021-03-31$1.74B659.89%
2020-12-31$229.38M1777.66%
2020-09-30$12.22M-57.05%
2020-06-30$28.44M538.14%
2020-03-31$4.46M-57.77%
2019-12-31$10.55M-20.88%
2019-09-30$13.34M32.98%
2019-06-30$10.03M-28.94%
2019-03-31$14.12M-56.99%
2018-12-31$32.82M-10.49%
2018-09-30$36.66M41.93%
2018-06-30$25.83M-5.93%
2018-03-31$27.46M-68.94%
2017-12-31$88.42M108.17%
2017-09-30$42.47M18.89%
2017-06-30$35.72M-
2017-03-31$35.72M-

Moderna generated $1.85B in revenue during Q3 2024, up 669.71% compared to the previous quarter, and up 539.24% compared to the same period a year ago.

Moderna Revenue Breakdown


Moderna Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
Collaboration Arrangement$440.00M$61.00M$121.88M-
Product Sales$18.43B$17.68B$3.88B-
Grant$388.00M$735.00M$528.90M-
Messenger RNA (mRNA) Medicines$6.85B---

Moderna's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product Sales (98.50%), Grant (1.13%), and Collaboration Arrangement (0.37%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Collaboration Arrangement$7.00M$6.00M$3.00M-$19.00M$13.00M$2.00M$290.00M$100.00M$35.00M$15.00M$10.00M$23.00M$18.00M$10.00M$78.04M$12.22M$28.44M$3.19M$10.05M
Grant$8.00M$20.00M--$44.00M$28.00M$24.00M-$144.00M$183.00M$126.00M$262.00M$140.00M$139.00M$194.00M$341.37M$145.69M$37.91M$3.93M$3.50M
Product Sales$2.96B$645.00M$522.00M$2.96B$2.42B$1.00B$1.83B$4.08B$3.90B$4.53B$5.92B-$9.62B$6.14B$4.47B-----

Moderna's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product Sales (99.50%), Grant (0.27%), and Collaboration Arrangement (0.23%).

Moderna Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20
UNITED STATES$1.90B$5.15B$6.18B$764.53M
Europe$1.35B$6.82B$6.85B-
Rest Of The World$3.60B$7.30B$5.45B$38.87M

Moderna's latest annual revenue breakdown by geography, as of Dec 23: Rest Of The World (52.54%), UNITED STATES (27.67%), and Europe (19.79%).

Quarterly Revenue by Country

CountrySep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Rest Of The World$324.00M$22.00M$67.00M$1.38B$741.00M$231.00M$1.25B$1.61B$1.09B$1.69B$2.90B-$3.61B$2.10B$375.00M
UNITED STATES$1.22B$162.00M$100.00M$979.00M$913.00M$2.00M$1.00M$1.77B$985.00M$1.45B$945.00M$1.53B$1.20B$2.09B$1.36B
Europe$281.00M--$616.00M$103.00M$60.00M$576.00M$2.30B$1.04B$1.39B$2.08B----

Moderna's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (66.76%), Rest Of The World (17.80%), and Europe (15.44%).

Moderna Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
VRTXVertex Pharmaceuticals$9.84B$2.77B
MRNAModerna$6.85B$1.85B
NVAXNovavax$983.71M$415.48M
BEAMBeam Therapeutics$377.71M$14.27M
DNAGinkgo Bioworks$251.46M$89.05M
CVACCureVac$52.70M$12.37M
KRYSKrystal Biotech$50.70M$83.84M
NTLAIntellia Therapeutics$36.27M$9.11M
OCEAOcean Biomedical--
EDITEditas Medicine--
HEPAHepion Pharmaceuticals--
ELEVElevation Oncology--
ENVBEnveric Biosciences--

MRNA Revenue FAQ


What is Moderna’s yearly revenue?

Moderna's yearly revenue for 2023 was $6.85B, representing a decrease of -64.45% compared to 2022. The company's yearly revenue for 2022 was $19.26B, representing an increase of 8.61% compared to 2021. MRNA's yearly revenue for 2021 was $17.74B, representing an increase of 6361.44% compared to 2020.

What is Moderna’s quarterly revenue?

Moderna's quarterly revenue for Q3 2024 was $1.86B, a 669.71% increase from the previous quarter (Q2 2024), and a 1.31% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $241M, a 44.31% increase from the previous quarter (Q1 2024), and a -29.94% decrease year-over-year (Q2 2023). MRNA's quarterly revenue for Q1 2024 was $167M, a -94.06% decrease from the previous quarter (Q4 2023), and a -91.03% decrease year-over-year (Q1 2023).

What is Moderna’s revenue growth rate?

Moderna's revenue growth rate for the last 3 years (2021-2023) was -61.39%, and for the last 5 years (2019-2023) was 14155.97%.

What are Moderna’s revenue streams?

Moderna's revenue streams in c 23 are Collaboration Arrangement, Product Sales, and Grant. Collaboration Arrangement generated $31M in revenue, accounting 0.37% of the company's total revenue, down -92.95% year-over-year. Product Sales generated $8.2B in revenue, accounting 98.50% of the company's total revenue, down -55.50% year-over-year. Grant generated $94M in revenue, accounting 1.13% of the company's total revenue, down -75.77% year-over-year.

What is Moderna’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Moderna was Product Sales. This segment made a revenue of $8.2B, representing 98.50% of the company's total revenue.