# Moderna, Inc. Common Stock (MRNA) — Stock CV

Moderna, Inc. is a $89.9B healthcare company. Revenue shrank 27.6% over the last year, it currently loses money, and it holds more cash than debt.

> Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in 2018. The firm's mRNA technology was rapidly validated with its covid vaccine, which was authorized in the United States in December 2020.

## Identity

- **Ticker**: MRNA
- **Sector**: Healthcare
- **Industry**: Biological Products, (No Diagnostic Substances)
- **Headquarters**: CAMBRIDGE, MA
- **Employees**: 4 700
- **Website**: https://www.modernatx.com
- **Market cap**: $89.9B
- **Last price**: $225.15
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $2.23B
- **Net income**: -$3.15B
- **Free cash flow**: -$1.24B
- **Net cash**: $5.21B
- **P/E**: 3.9
- **Revenue growth (YoY)**: -27.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 0 |
| Growth | 0 |
| Profitability | 0 |
| Health | 100 |
| Quality | 35 |
| Moat | 25 |

## Qualifications (beginner checklist) — 6 of 10 passed

- [ ] Revenue growing — -27.6% YoY
- [ ] Profitable — -$3.15B TTM
- [x] Profit growing — +20.8% YoY
- [ ] Generates cash — -$1.24B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $89.9B market cap
- [x] Not printing shares — -9.7% shares over ~5y
- [ ] Proven track record — 2/8 profitable years
- [x] Financially stable — Altman Z 13.4 — safe
- [x] Valuation not extreme — P/E 3.9

## Experience (career milestones)

- **FY2021** — Turned profitable: $12.2B net income after a loss year
- **FY2021** — Revenue crossed $1B: $18.5B for the year
- **FY2021** — Revenue crossed $10B: $18.5B for the year
- **FY2021** — Best year on record: $12.2B net income
- **2013** — The company went public in 2013 and was taken private by Vista Equity Partners in 2024
- **2012** — Model N acquired LeapFrogRX, an analytics company based in Waltham, Massachusetts
- **2006** — Model N completed an acquisition of Azerity, a software company that focused on pricing and…
- **1999** — Model N, Inc. is an American software company founded in 1999 and headquartered in San Mateo, California

## Strengths

- Net cash position after subtracting debt from cash
- Altman Z-Score 13.40 — low bankruptcy-risk zone

## Watch-outs

- Revenue shrinking 27.6% year over year
- Not profitable — 141.4% net margin
- Negative free cash flow (-$1.2B)
- Loss-making in 6 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $18.5B | $12.2B | $13.3B |
| FY2022 | $19.3B | $8.36B | $4.58B |
| FY2023 | $6.85B | -$4.71B | -$3.83B |
| FY2024 | $3.24B | -$3.56B | -$4.05B |
| FY2025 | $1.94B | -$2.82B | -$2.06B |

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Source: https://stockcv.com/MRNA — derived from company filings; may be delayed or incomplete. Information, not investment advice.