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MRNA · Moderna, Inc.

Company guidance, FDA catalysts, dilution risk and cash runway, built from SEC, FDA and ClinicalTrials.gov filings and updated every day.

$6.9B Cash on Hand
35.9mo Cash Runway
10.1% Short Interest
$120.67 Analyst Target (18)
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📣 What MRNA Says Is Next

Quoted word for word from the company's press releases filed with the SEC. Timing is the company's own guidance, not a BioRadar estimate.

🧪 Trial & FDA Catalysts

📊 Drug Pipeline

DrugIndicationMost advanced trialStatus
VX-522 mRNA therapy Cystic Fibrosis Phase 1/2 · NCT05668741 Active not recruiting

Also used in these trials (approved or third-party drugs, not MRNA's own candidates): Ivacaftor.

Source: ClinicalTrials.gov trials sponsored by the company, one row per candidate at its most advanced registered trial. FDA approvals: Drugs@FDA. Wrong or missing drug? Report it

💰 Cash Runway & Dilution Risk

MRNA holds $6.9B in cash and short-term investments (as of Jun 30, 2026) and burns about $578M/quarter from operations, an estimated runway of 35.9 months at that rate (BioRadar estimate, not company guidance).

Dilution pressure: 0 · Low

Recent financing filings on SEC EDGAR:

Source: SEC EDGAR (XBRL cash flow and financing filings). Dilution Watch: every company ranked → · Get an alert when MRNA files for a raise →

👥 Who Owns MRNA

Insiders 5.5% Institutions (1091 holders) 80.5% Public and other holders 14%
HolderTypeShares% of sharesAs of
FMR LLC Institution (13G, 5%+) 51,803,891 12.98% 2026-06-30
Blackrock Inc. Institution (13F) 30,599,409 7.66% 2026-06-30
Vanguard Capital Management Institution (13G, 5%+) 25,933,824 6.50% 2026-03-31
Capital World Investors Institution (13G, 5%+) 22,276,996 5.58% 2026-06-30
BAILLIE GIFFORD & CO Institution (13F) 18,206,778 4.56% 2026-06-30
State Street Corporation Institution (13F) 15,726,193 3.94% 2026-06-30
Vanguard Portfolio Management LLC Institution (13F) 15,581,313 3.90% 2026-06-30
Stephane Bancel
Chief Executive Officer, Director
Insider 13,005,140 3.26% 2026-08-05
Geode Capital Management, LLC Institution (13F) 9,710,335 2.43% 2026-06-30
Morgan Stanley Institution (13F) 9,538,094 2.39% 2026-06-30
Theleme Partners LLP Institution (13F) 8,057,571 2.02% 2026-06-30
Noubar Afeyan
Director · +12,908 options
Insider 6,856,164 1.72% 2026-05-21

Share count 399,235,889 (latest 10-Q/10-K). Insiders: each officer's, director's and 10% owner's latest Form 3, 4 or 5, direct and indirect shares; options are not counted. 5%+ holders: latest Schedule 13D or 13G of each holder above 5%. Institutions: the total held by all 13F filers (Yahoo Finance); the table lists the largest (13F quarter ending 2026-06-30). Sources have different dates, so the split is approximate. Source: SEC EDGAR.

📈 Recent Insider Activity (Form 4)

Trade dateInsiderTransactionSharesPriceOwned after
2026-09-15
filed 2026-09-16
Hoge Stephen
Sale (S) 40,281 $146.07 1,562,029
2026-09-15
filed 2026-09-16
Hoge Stephen
Option exercise (M) 76,452 $12.21 1,602,310
2026-09-15
filed 2026-09-16
Hoge Stephen
Option exercise (M) 76,452 – –
2026-09-14
filed 2026-09-16
Hoge Stephen
Option exercise (M) 76,453 – –
2026-09-14
filed 2026-09-16
Hoge Stephen
Sale (S) 40,294 $144.13 1,525,858

Only open-market purchases (P) and sales (S) are trading decisions. Awards (A), option exercises (M) and tax withholding (F) are compensation mechanics. Source: SEC Form 4.

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Data: SEC EDGAR, FDA, ClinicalTrials.gov, Yahoo Finance • Informational purposes only, not investment advice. • All tracked stocks A–Z

This data is for informational purposes only, not investment advice. BioRadar does not provide buy/sell recommendations. Past performance does not guarantee future results. Always do your own due diligence.