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MRNA · Moderna, Inc.

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$223.37 -7.98 (-3.45%) At close · Nov 13
Market Cap
$90.38B
Shares
404.62M
Volume · Nov 13 8.09M Avg daily vol (3M) 21.79M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$223.37 Open$224.90 Day$221.70–231.35 52W close$22.36–269.00 Avg vol 30d16.6M Short int33.2M · 8.2% of shares · 1.8d Short vol42% Last earningsNov 6, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 6

Up next

Feb 12, 2027 Est · unconfirmed · in 13 wks

Latest documents

2026
Nov 13
Current report 8-K
Chief Legal Officer to retire with $1,628,300 severance

Moderna agreed that Chief Legal Officer Shannon Thyme Klinger will retire by March 31, 2027, with $1,628,300 in severance, COBRA support through September 30, 2028, and potential litigation payments of $2,500,000 and up to $5,500,000.

Director or officer change, or executive pay Read from the first part of this long document
5 source passages
On November 13, 2026, Moderna, Inc. (the “Company”) entered into a Transitional Services and Retirement Agreement (the “Retirement Agreement”) with Shannon Thyme Klinger, the Company’s Chief Legal Officer, that sets forth the terms of Ms. Klinger’s retirement from the Company. Subject to the terms and conditions of the Retirement Agreement, Ms. Klinger will continue employment with the Company until March 31, 2027 (the “Retirement Date”), transition her duties as requested by the Company, and be deemed to have resigned from all officer positions with the Company on the earlier of the Retirement Date and such date as is designated by the Company. Subject to the terms and conditions of the Retirement Agreement, Ms. Klinger will receive severance payments paid out in substantially equal biweekly installments over the twelve months following the Retirement Date in an aggregate amount of $1,628,300, representing twelve months of base salary plus her current annual target bonus. The Company will also pay Ms. Klinger’s COBRA premiums until September 30, 2028, subject to earlier termination if she becomes eligible for health coverage from a subsequent employer or ceases to be eligible for COBRA coverage. In addition, Ms. Klinger will be eligible to receive (i) $2,500,000 if the Company is the prevailing party upon the conclusion of all current and any related future litigation proceedings with Arbutus Biopharma Corporation and Genevant Sciences, GmbH and (ii) up to $5,500,000 subject to the result of the Company’s current and any related future litigation proceedings with Pfizer, Inc., BioNTech SE and related parties. Open the document at this passage
Nov 6
Earnings call
2026 revenue growth outlook raised to 15% to 25%

Moderna raised its 2026 revenue growth outlook to 15% to 25% from up to 10%. Its phase 3 melanoma therapy with pembrolizumab reduced recurrence or death risk by 42%, while quarterly revenue reached $1.3 billion.

4 source passages
Now let's turn to our financial framework for 2026. For total revenue, as I mentioned in my earlier remarks, we are improving our revenue outlook to a range of 15% to 25% growth, which exceeds our prior framework of up to 10% growth. The Moderna team delivered a great third quarter, generating $1.3 billion in revenues, representing 29% growth year over year. These remarkable results were observed at the first interim analysis of this large randomized phase 3 trial. Intis Moran plus pembrolizumab demonstrated a significant 42% reduction in the risk of recurrence or death compared with pembrolizumab alone. Open the document at this passage
Nov 6
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly profit reaches $162 million on $1,313 million revenue

Moderna reported revenue of $1,313 million and net income of $162 million for the quarter ended September 30, 2026. Nine-month net loss was $(1,963) million, and operating activities used $(2,715) million of cash.

Revenue $1.31B ▲ 29.2% Net income $162M Diluted EPS $0.38
Read from the first part of this long document
5 source passages
MODERNA, INC. Three Months Ended September 30, | | Nine Months Ended September 30, | 2026 | 2025 | 2026 | 2025 Total revenue | 1,313 | 1,016 | 1,847 | 1,266 Net income (loss) | 162 | (200) | (1,963) | (1,996) Net cash used in operating activities | (2,715) | (2,803) Open the document at this passage
Nov 6
Current report 8-K
Raises 2026 revenue growth outlook to 15%–25%

Moderna reported third-quarter revenue of $1.3 billion and net income of $162 million, raised its 2026 revenue growth outlook to 15%–25%, and expects year-end cash and investments of approximately $8.1 billion to $8.3 billion.

Financial results
5 source passages
Moderna Reports Third Quarter 2026 Financial Results and Provides Business Updates Total revenue for the third quarter of 2026 increased 29% to $1.3 billion, compared to $1.0 billion in the same period in 2025 Net income was $162 million for the third quarter of 2026, compared to a net loss of $(200) million in the third quarter of 2025, representing a $362 million improvement year-over-year. The Company now expects total revenue growth of 15% to 25% in 2026, exceeding its previous outlook of up to 10% growth. The Company now expects year-end 2026 cash and investments of approximately $8.1 billion to $8.3 billion, increased from its previous outlook of $4.7 billion to $5.2 billion. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$2.52B
Trailing 12 months
Net income (TTM)
−$2.79B
Trailing 12 months
Revenue growth YoY
+29.2%
Year over year
Operating margin
-116.0%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-2.2%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$2.35B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+10.3%
Year over year · more shares
Price change (1Y)
+794.9%
Trailing year
Short interest
8.2%
Latest settlement · 1.8 days to cover
View all 125 metrics

Mentioned in fund letters

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Strong Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +132%
above
Price vs 50-day avg +11%
above
RSI (14) 50
neutral
MACD trend Negative
52-week position 81%
mid-range
Momentum
relative strength
Very Strong
1-month return +2%
trailing
6-month return +375%
trailing
YTD return +657%
this year
Relative strength +374%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $202 › 200d $96 — 50d above 200d
Institutional flow Accumulating
929 of 809 funds reported for Sep 30 · net +7.1M sh shares · +286 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
8.20% of shares out · ▲ +1.8% MoM · 1.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
809 holders — mid 3-yr range
Squeeze score 65
elevated · 0–100
Fundamentals
Strong
Revenue growth +4%
Y/Y
EPS growth +22%
Y/Y
Free cash flow $-2.1B
Buyback $1.7B
authorized
Balance sheet $2.0B
net cash
Quant / Vol
risk profile
Very High
Volatility 195%
annualized · 1-yr
Max drawdown −34%
past year
ATR 8.9%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 5 of last 6
Latest guidance · from the 8-K filed Nov 6, 2026
in 2026
Total revenue growth 15% – 25%
for 2026
Cost of sales Maintained $1.7B
Jul 31, 2026 $1.7B changed to Nov 6, 2026 $1.7B
Research and development expenses Lowered $2.7B
May 1, 2026 $3B changed to Nov 6, 2026 $2.7B
Selling, general and administrative expenses Maintained $1B
May 1, 2026 $1B changed to Nov 6, 2026 $1B
Capital expenditures Lowered $200M
Jul 31, 2026 $200M – $300M changed to Nov 6, 2026 $200M
year-end 2026
Cash and investments $8.1B – $8.3B
Previous outlook earlier release · from the Earnings Call filed Jul 31, 2026

Still-open targets the latest release did not restate under the same label.

R&D expenses · 2026 $2.9B
SG&A expenses · 2026 $1B
Cash and investments · at the end of 2026 $4.7B – $5.2B
New lowered cash cost guidance · this year $4B
Revenue growth · for the year 10%
Prior guidance period ended · from the Earnings Call filed Jul 31, 2026
Third quarter revenue as a percentage of second half revenue · third quarter ... second half revenue 55%
Guided vs delivered · last 6 settled
Total revenue second quarter 2026
guided $50M – $100M
$145M Beat +93.3%
Projected revenue range 2025
guided $1.6B – $2B
$1.94B In line
2023 revenues 2023
guided at least $6B
$6.85B In line
2024 revenue 2024
guided $4B
$3.24B Miss −19.1%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
1 · 3 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+132% Bullish
Price vs 50-day avg
+11% Bullish
RSI (14)
50 Neutral
MACD trend
Negative Bearish
52-week position
81% Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross) No cross
50d $202 › 200d $96 — 50d above 200d
Institutional flow Accumulating
929 of 809 funds reported for Sep 30 · net +7.1M sh shares · +286 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
8.20% of shares out · ▲ +1.8% MoM · 1.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
809 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $22 Now $223 · 81% Range high $269
vs 200-day avg +132% vs 50-day avg +11%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
risk of distant metastasis or death 38% In October —
risk of recurrence or death 42% In October —
Cash, cash equivalents and investments 6.9B as of June 30, 2026 —
International revenue 58M the second quarter of 2026 —
royalty expenses 11M the three months ended June 30, 2026 filing —
RSV net product sales $3M the three months ended June 30, 2026 filing —
U.S. revenue 87M the second quarter of 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Biotechnology — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
MRNA
Moderna, Inc.
this stock
$90.38B +657.4% +4.3% — 8.2%
VRTX
Vertex Pharmaceuticals Inc
$136.56B +18.8% +46.2% 34.7 1.9%
REGN
Regeneron Pharmaceuticals, Inc.
$98.84B +23.8% +20.8% 21.1 2.1%
CSLLY
Csl Ltd
$66.05B — — — 0.0%
ARGX
Argenx SE
$60.37B +14.2% — — 2.2%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
1,046
% held
91.3%
Reported
929 of 809
Top holder
FMR LLC
Held Float
View
Held by Funds
Fund positions
678
View
Short & Settlement
Short Interest Rising
Shares short
33.2M
Days to cover
1.8d
Change
+587.9K sh
View
Short Volume
Short vol %
42%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
453
Value
$96.8K
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
54.3%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Buy
Member
Gilbert Cisneros
Amount
$1.0K–$15.0K
Traded
Oct 20, 2026
View
Financials
Financials
Revenue (FY)
$1.9B
Net income (FY)
$-2.8B
EPS diluted
$-7.26
View
Buybacks
Authorized
$1.7B
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 13, 2026
This year
22

Moderna agreed that Chief Legal Officer Shannon Thyme Klinger will retire by March 31, 2027, with $1,628,300 in severance, COBRA support through September 30, 2028, and potential litigation payments of $2,500,000 and up to $5,500,000.

View
Proposed Sales
Value
$8.6M
Shares
39.1K
Filed
Oct 15, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 18, 2026
Last webcast
Nov 12, 2026
View
Investor Relations
Upcoming events
1
View

Performance

5D 20D 120D MTD YTD
MRNA -12.1% +2.5% +375.0% +0.7% +657.4%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -14.7% +3.6% +374.5% +0.9% +646.8%

Capital returns

Buyback program · as of Sep 30, 2026
Authorized
$1.70B
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1682852 CUSIP 60770K107 13F (30d) 869 filings 784 filers Visit website Investor relations