Moderna, Inc., a biotechnology company, discovers, develops, and commercializes messenger RNA therapeutics and vaccines for the treatment of infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases in the United States, Europe, and internationally. Its respiratory vaccines include COVID-19, flu, respiratory syncytial virus, Endemic HCoV, and hMPV+PIV3 vaccines; latent vaccines comprise cytomegalovirus, epstein-barr virus, human immunodeficiency virus, herpes simplex virus, and varicella-zoster virus vaccines; and public health vaccines consists of Zika and Nipah vaccines. The company also offers systemic secreted and cell surface therapeutics; cancer vaccines, such as personalized cancer, KRAS, and checkpoint vaccines; intratumoral immuno-oncology products; localized regenerative, systemic intracellular, and inhaled pulmonary therapeutics. It has strategic alliances with AstraZeneca PLC; Merck & Co., Inc.; Vertex Pharmaceuticals Incorporated; Vertex Pharmaceuticals (Europe) Limited; Carisma Therapeutics, Inc.; Metagenomi, Inc.; the Defense Advanced Research Projects Agency; Biomedical Advanced Research and Development Authority; Institute for Life Changing Medicines; and The Bill & Melinda Gates Foundation, as well as a collaboration and license agreement with Chiesi Farmaceutici S.P.A. The company was formerly known as Moderna Therapeutics, Inc. and changed its name to Moderna, Inc. in August 2018. Moderna, Inc. was founded in 2010 and is headquartered in Cambridge, Massachusetts.

Moderna, Inc.

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Assets	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17
Cash and Cash Equivalents	1,132	1,927	2,907	3,205	6,848	2,624	235.9	658.4	134.9
Cash and Cash Equivalents
Short-Term Investments	3,372	5,098	5,697	6,697	3,879	1,984	867.1	863.1	621.2
Investments
Total Cash and Cash Equivalents	4,504	7,025	8,604	9,902	10,727	4,608	1,103	1,521.4	756
Accounts Receivable	1,046	358	892	1,385	3,175	1,391	5.4	11.7	11.9
Accounts Receivable, Net
Other Receivables	—	—	—	—	—	—	—	0.9	1.5
Accounts Receivable from Related Party
Total Trade Receivables	1,046	358	892	1,385	3,175	1,391	5.4	12.6	13.4
Inventories	332	117	202	949	1,441	47	—	—	—
Inventory
Other Current Assets	716	599	627	1,195	728	252	20.4	29	13.8
Prepaid Expenses and Other Current Assets
Restricted Cash
Total Current Assets	6,598	8,099	10,325	13,431	16,071	6,298	1,128.8	1,563	783.2
Total Current Assets
Net Property, Plant & Equipment	2,864	2,955	2,658	2,139	1,383	387	287.9	212	139
Property, Plant and Equipment, Net
Right-of-Use Assets, Operating Leases
Long-Term Investments	2,143	2,494	4,677	8,318	6,843	639	160	173	145.9
Investments, Non-Current
Other Long-Term Assets	530	594	766	1,970	372	13	12.7	14.2	16.4
Restricted Cash, Non-Current
Deferred Tax Assets
Other Non-Current Assets
Total Assets	12,135	14,142	18,426	25,858	24,669	7,337	1,589.4	1,962.1	1,084.5
Total Assets

Liabilities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17
Accounts Payable	267	405	520	487	302	18	7.1	31.2	20.7
Accounts Payable
Accrued Expenses	1,178	1,427	1,798	2,101	1,472	470	67.7	79.1	72.7
Accrued Liabilities
Unearned Revenue	163	153	568	2,038	6,253	3,867	63.3	109.1	96.7
Deferred Revenue
Other Current Liabilities	73	221	129	297	1,101	34	5.1	3.5	1.3
Income Taxes Payable
Other Current Liabilities
Total Current Liabilities	1,681	2,206	3,015	4,923	9,128	4,389	143.1	222.8	191.5
Total Current Liabilities
Leases	686	710	1,218	1,004	705	207	132.4	43.5	23.3
Operating Lease Liabilities, Non-Current
Financing Lease Liabilities, Non-Current
Deferred Lease Obligation, Non-Current
Lease Financing Obligation
Other Long-Term Liabilities	438	325	339	808	691	180	139.1	165.6	244.5
Deferred Revenue, Non-Current
Other Non-Current Liabilities
Total Long-Term Liabilities	1,124	1,035	1,557	1,812	1,396	387	271.5	209.1	267.7
Total Liabilities	2,805	3,241	4,572	6,735	10,524	4,776	414.6	431.9	459.2
Total Liabilities

Equity	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17
Common Stock	—	—	—	—	—	—	0	0	0
Common Stock
Additional Paid-in Capital	1,254	866	371	1,173	4,211	4,802	2,669.4	2,538.2	71.7
Additional Paid-in Capital
Accumulated Other Comprehensive Income	27	-10	-123	-370	-24	3	1.8	-1.3	-1.2
Accumulated Other Comprehensive Income (Loss)
Retained Earnings	8,049	10,045	13,606	18,320	9,958	-2,244	-1,496.5	-1,006.6	-621.9
Retained Earnings
Total Common Shareholders' Equity	9,330	10,901	13,854	19,123	14,145	2,561	1,174.8	1,530.2	-551.4
Total Stockholders' Equity
Minority Interests and Other	—	—	—	—	—	—	—	—	1,176.7
Redeemable Convertible Preferred Stock
Total Shareholders' Equity	9,330	10,901	13,854	19,123	14,145	2,561	1,174.8	1,530.2	625.3
Total Liabilities and Shareholders' Equity	12,135	14,142	18,426	25,858	24,669	7,337	1,589.4	1,962.1	1,084.5
Total Liabilities and Stockholders' Equity