Moderna Inc

MRNA: XNAS (USA)

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Moderna Earnings: Raising Our FVE on International Vaccine Strategy as Oncology Readouts Approach

Karen Andersen

Feb 13, 2026

Moderna reported $1.9 billion in 2025 revenue and a year-end cash balance of $8.1 billion (down from $9.5 billion at year-end 2024). Moderna maintained guidance for up to 10% revenue growth in 2026 and cash levels between $5.5 billion-$6.0 billion at year-end 2026. Shares rose 8% intraday Feb. 13.

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Moderna Inc

Moderna Earnings: Raising Our FVE on International Vaccine Strategy as Oncology Readouts Approach

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