# MRNA · Moderna, Inc. Snapshot 2026-10-26 · CIK 0001682852 · Nasdaq · Biological Products, (No Diagnostic Substances) Price 200.1 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 79.89 B Machine-readable: https://theclaudetrader.com/s/MRNA.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 38.0 (partial: 5) · complete: False · missing tests: 5 · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 19, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 1.94 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 2.29 · threshold >= 2.0 · points 15.0/15 - 2b Long-term debt vs working capital: 0.18 LTD / WC · threshold <= 1.0 · points 15.0/15 - 3 Positive earnings each of 10 years: 2 of 10 · threshold 10 of 10 · points 3.0/15 - 4 Dividends every year for 20 years: 0 of 20 · threshold 20 of 20 · points 0.0/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: None · threshold >= +33% · points None/10 - 6 P/E on 3-year average EPS: None · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 11.82 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 200.1 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 1944000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - current_assets: 5815000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - current_liabilities: 2534000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - lt_debt: 591000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - equity: 6761000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - Net income FY2016: -216211000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285219000009/ · unverified - Net income FY2017: -255916000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285220000006/ · unverified - Net income FY2018: -384734000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285221000006/ · unverified - Net income FY2019: -514000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285222000012/ · unverified - Net income FY2020: -747000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ · unverified - Net income FY2021: 12202000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ · unverified - Net income FY2022: 8362000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000022/ · unverified - Net income FY2023: -4714000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Net income FY2024: -3561000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Net income FY2025: -2822000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/MRNA/history?filter=div · unverified - EPS diluted FY2023: -12.33 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - EPS diluted FY2024: -9.28 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - EPS diluted FY2025: -7.26 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Shares outstanding: 399235889.0 · 2026-07-24 · SEC cover page 10-Q 0001682852-26-000150 (399,235,889 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/mrna-20260630.htm · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/R1.htm ### Magic Formula: — (insufficient data (no fresh property, plant and equipment (PropertyPlantAndEquipmentNet) reported)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula ### Momentum: 82.1 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: 593.8 % · threshold · points 49.9/50 - 6 month return: 278.6 % · threshold · points 20.0/20 - Price / 52-week high: 0.814 · threshold · points 12.2/15 - Volatility penalty (60d annualised): 233.3 % · threshold · points 0.0/15 Inputs: - Adjusted close series (14 months): 200.1 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold · points -0.0/0 Inputs: - excluded 2026-10-15 S: 10b5-1 plan · · rule · - excluded 2026-10-14 S: 10b5-1 plan · · rule · - excluded 2026-10-14 S: 10b5-1 plan · · rule · - excluded 2026-09-15 S: 10b5-1 plan · · rule · - excluded 2026-09-14 S: 10b5-1 plan · · rule · - excluded 2026-09-10 S: 10b5-1 plan · · rule · - excluded 2026-09-10 S: 10b5-1 plan · · rule · - excluded 2026-09-01 S: 10b5-1 plan · · rule · - excluded 2026-08-05 S: 10b5-1 plan · · rule · - excluded 2026-08-05 S: 10b5-1 plan · · rule · - excluded 2026-08-05 S: 10b5-1 plan · · rule · - excluded 2026-08-05 S: 10b5-1 plan · · rule · ### Buffett Quality: 9.8 (ok) · complete: True · missing tests: none · current inputs as of 2026-07-24 · stale inputs: none · history 2016–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 46, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): -8.4% over 8 yrs · threshold >= 15% · points 0.0/25 - 2 Profitable every year: 2 of 10 · threshold all years · points 3.0/15 - 3 Net income growth, 3-yr average now vs start of window: base or latest average not positive · threshold >= +10% · points 0.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): None · threshold <= 4 · points 0.0/15 - 5 Operating margin, 5-yr average: -44.2% · threshold >= 20% · points 0.0/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.84 · threshold >= 1.0 · points 6.8/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): -4.1% · threshold >= 7% · points 0.0/15 Inputs: - Price (close, per traded unit): 200.1 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2018: -384734000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285221000006/ · unverified - Equity at FY2018 end: 1530000000.0 · 2018-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285222000012/ · unverified - Net income FY2019: -514000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285222000012/ · unverified - Equity at FY2019 end: 1175000000.0 · 2019-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ · unverified - Net income FY2020: -747000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ · unverified - Equity at FY2020 end: 2561000000.0 · 2020-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ · unverified - Net income FY2021: 12202000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ · unverified - Equity at FY2021 end: 14145000000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000022/ · unverified - Net income FY2022: 8362000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000022/ · unverified - Equity at FY2022 end: 19123000000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Net income FY2023: -4714000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Equity at FY2023 end: 13854000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Net income FY2024: -3561000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Equity at FY2024 end: 10901000000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - Net income FY2025: -2822000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Equity at FY2025 end: 8650000000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - Net income FY2016: -216211000.0 · 2016-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285219000009/ · unverified - Net income FY2017: -255916000.0 · 2017-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285220000006/ · unverified - Net income FY2018: -384734000.0 · 2018-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285221000006/ · unverified - Net income FY2019: -514000000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285222000012/ · unverified - Net income FY2020: -747000000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ · unverified - Net income FY2021: 12202000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ · unverified - Net income FY2022: 8362000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000022/ · unverified - Net income FY2023: -4714000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Net income FY2024: -3561000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Net income FY2025: -2822000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Operating income FY2021: 13296000000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ · unverified - Revenue FY2021: 18471000000.0 · 2021-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ · unverified - Operating income FY2022: 9420000000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000022/ · unverified - Revenue FY2022: 19263000000.0 · 2022-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ · unverified - Operating income FY2023: -4239000000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Revenue FY2023: 6848000000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Operating income FY2024: -3945000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Revenue FY2024: 3236000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Operating income FY2025: -3074000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Revenue FY2025: 1944000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Operating cash flow FY2021: 13620000000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ · unverified - Capital expenditure FY2021: 284000000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ · unverified - Operating cash flow FY2022: 4981000000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000022/ · unverified ### Lynch GARP: 31.5 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 5, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): None · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: None · threshold 12% to 35% a year · points 0.0/20 - 3 P/E on latest annual EPS: None · threshold <= 25 · points 0.0/10 - 4 Borrowings / equity: 0.09 · threshold <= 0.5 · points 15.0/15 - 5 Years of the last 5 in which EPS rose: 3 of 5 · threshold 5 of 5 · points 9.0/15 - 6 Net cash (cash minus borrowings) / market cap: +1.4% · threshold >= +10% · points 7.5/10 Inputs: - Price (close, per traded unit): 200.1 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: -7.26 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - EPS diluted FY2020: -1.96 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ · unverified - lt_debt: 591000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - equity: 6761000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - cash: 1723000000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified ### Graham Enterprising: 36.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 2.29 · threshold >= 1.5 · points 15.0/15 - 2 Borrowings vs working capital: 0.18 x · threshold <= 1.1x · points 15.0/15 - 3 No earnings deficit in the last 5 years: 2 of 5 profitable · threshold 5 of 5 · points 6.0/15 - 4 Pays a current dividend: no · threshold yes · points 0.0/10 - 5 EPS higher than five years earlier: -1.96 -> -7.26 · threshold higher · points 0.0/10 - 6 Price / book value per share: 11.82 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): 49.47 · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 200.1 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 5815000000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - current_liabilities: 2534000000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - lt_debt: 591000000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - Net income FY2021: 12202000000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ · unverified - Net income FY2022: 8362000000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000022/ · unverified - Net income FY2023: -4714000000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Net income FY2024: -3561000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Net income FY2025: -2822000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/MRNA/history?filter=div - EPS diluted FY2025: -7.26 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - EPS diluted FY2020: -1.96 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ · unverified - equity: 6761000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - Shares outstanding: 399235889.0 · 2026-07-24 · SEC cover page 10-Q 0001682852-26-000150 (399,235,889 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/mrna-20260630.htm · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/R1.htm - liabilities: 4200000000.0 · 2026-06-30 · SEC XBRL Liabilities · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified ### Piotroski F-Score: 22.2 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: -22.9% · threshold pass = 1 · points 0.0/11.11111111111111 - 2 Operating cash flow is positive: -1,873M · threshold pass = 1 · points 0.0/11.11111111111111 - 3 Return on assets improved on the prior year: -25.2% -> -22.9% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): -1,873M vs -2,822M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: 0.0% -> 4.8% · threshold pass = 1 · points 0.0/11.11111111111111 - 6 Current ratio improved: 3.67 -> 3.29 · threshold pass = 1 · points 0.0/11.11111111111111 - 7 No new shares issued (share count did not rise): 389M -> 399M · threshold pass = 1 · points 0.0/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): -121.9% -> -158.1% · threshold pass = 1 · points 0.0/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.23 -> 0.16 · threshold pass = 1 · points 0.0/11.11111111111111 Inputs: - net_income 2025-12-31: -2822000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - total_assets 2025-12-31: 12338000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - cfo 2025-12-31: -1873000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - net_income 2025-12-31: -2822000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - net_income 2024-12-31: -3561000000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - total_assets 2025-12-31: 12338000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - total_assets 2024-12-31: 14142000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - cfo 2025-12-31: -1873000000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - net_income 2025-12-31: -2822000000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - lt_debt 2025-12-31: 590000000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - lt_debt 2024-12-31: 0.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - total_assets 2025-12-31: 12338000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - total_assets 2024-12-31: 14142000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - current_assets 2025-12-31: 6544000000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - current_assets 2024-12-31: 8099000000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - current_liabilities 2025-12-31: 1987000000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - current_liabilities 2024-12-31: 2206000000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - shares_out 2026-07-24: 399235889.0 · 2026-07-24 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - shares_out 2025-07-25: 389079757.0 · 2025-07-25 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000044/ · unverified - operating_income 2025-12-31: -3074000000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - operating_income 2024-12-31: -3945000000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - revenue 2025-12-31: 1944000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - revenue 2024-12-31: 3236000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - revenue 2025-12-31: 1944000000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - revenue 2024-12-31: 3236000000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified - total_assets 2025-12-31: 12338000000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/ · unverified - total_assets 2024-12-31: 14142000000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 200.1 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 399,235,889 underlying shares, period 2026-07-24, SEC cover page 10-Q 0001682852-26-000150 (399,235,889 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/mrna-20260630.htm, accession 0001682852-26-000150 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000150/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 79,887,101,389 USD; 200.1 (price 2026-10-23) / 1 x 399,235,889 (shares at 2026-07-24) = 79,887,101,389 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2016 (ended 2016-12-31): 108396000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285219000009/ - FY2017 (ended 2017-12-31): 205825000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285220000006/ - FY2018 (ended 2018-12-31): 135068000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285221000006/ - FY2019 (ended 2019-12-31): 60000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285222000012/ - FY2020 (ended 2020-12-31): 803000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ - FY2021 (ended 2021-12-31): 18471000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ - FY2022 (ended 2022-12-31): 19263000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ - FY2023 (ended 2023-12-31): 6848000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ - FY2024 (ended 2024-12-31): 3236000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ - FY2025 (ended 2025-12-31): 1944000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ ## Net income by fiscal year (SEC XBRL) - FY2016 (ended 2016-12-31): -216211000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285219000009/ - FY2017 (ended 2017-12-31): -255916000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285220000006/ - FY2018 (ended 2018-12-31): -384734000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285221000006/ - FY2019 (ended 2019-12-31): -514000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285222000012/ - FY2020 (ended 2020-12-31): -747000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285223000011/ - FY2021 (ended 2021-12-31): 12202000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285224000015/ - FY2022 (ended 2022-12-31): 8362000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285225000022/ - FY2023 (ended 2023-12-31): -4714000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ - FY2024 (ended 2024-12-31): -3561000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ - FY2025 (ended 2025-12-31): -2822000000.0 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000033/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2019 (ended 2019-12-31): -1.55 [filed -1.55, split factor 1.0] - FY2020 (ended 2020-12-31): -1.96 [filed -1.96, split factor 1.0] - FY2021 (ended 2021-12-31): 28.29 [filed 28.29, split factor 1.0] - FY2022 (ended 2022-12-31): 20.12 [filed 20.12, split factor 1.0] - FY2023 (ended 2023-12-31): -12.33 [filed -12.33, split factor 1.0] - FY2024 (ended 2024-12-31): -9.28 [filed -9.28, split factor 1.0] - FY2025 (ended 2025-12-31): -7.26 [filed -7.26, split factor 1.0] ## Dividend years (Yahoo history) none ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-10-15 S Hoge Stephen (Pres) 39145 @ 220.72 = 8640084 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000187/#live - 2026-10-14 S Hoge Stephen (Pres) 450 @ 214.15 = 96368 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000187/#live - 2026-10-14 S Hoge Stephen (Pres) 38774 @ 213.47 = 8277086 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000187/#live - 2026-09-15 S Hoge Stephen (Pres) 40281 @ 146.07 = 5883846 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000176/ - 2026-09-14 S Hoge Stephen (Pres) 40294 @ 144.13 = 5807574 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000176/ - 2026-09-10 S Mock James M (CFO) 19836 @ 134.49 = 2667744 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000174/ - 2026-09-10 S Mock James M (CFO) 15000 @ 134.49 = 2017350 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000174/ - 2026-09-01 S Klinger Shannon Thyme (officer) 3471 @ 139.95 = 485766 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000167/ - 2026-08-05 S Bancel Stephane (CEO) 39891 @ 58.12 = 2318465 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000153/ - 2026-08-05 S Bancel Stephane (CEO) 147473 @ 56.21 = 8289457 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000153/ - 2026-08-05 S Bancel Stephane (CEO) 187044 @ 58.79 = 10996317 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000153/ - 2026-08-05 S Bancel Stephane (CEO) 124838 @ 56.96 = 7110772 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000153/ - 2026-07-15 S Hoge Stephen (Pres) 53336 @ 67.60 = 3605514 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000141/ - 2026-06-15 S Hoge Stephen (Pres) 53336 @ 51.37 = 2739870 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000121/ - 2026-06-04 S Klinger Shannon Thyme (officer) 3471 @ 50.00 = 173550 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000119/ - 2026-05-21 S AFEYAN NOUBAR (director) 9263 @ 46.84 = 433879 · https://www.sec.gov/Archives/edgar/data/1682852/000119312526237309/ - 2026-05-15 S Hoge Stephen (Pres) 53336 @ 48.40 = 2581462 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000103/ - 2026-05-01 S Hussain Abbas (director) 5682 @ 46.63 = 264952 · https://www.sec.gov/Archives/edgar/data/1682852/000168285226000070/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001682852 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001682852.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001682852&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001682852&type=8-K - yahoo: https://finance.yahoo.com/quote/MRNA - stooq: https://stooq.com/q/d/?s=mrna.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=MRNA - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=MRNA - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/mrna/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/MRNA - openinsider (link only, nothing stored): http://openinsider.com/search?q=MRNA - google_news (link only, nothing stored): https://news.google.com/rss/search?q=MRNA+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/MRNA; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.