Moderna Inc

MRNA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Moderna Earnings: Tougher Cost Cuts Show Management Commitment to 2028 Breakeven Goal

Karen Andersen

Aug 1, 2025

Moderna reported an $825 million net loss in the second quarter and trimmed the top end of 2025 revenue guidance by $300 million (now $1.5 billion-$2.2 billion), but cost cuts allow it to maintain a year-end cash balance target of $6 billion. Moderna plans to reduce its workforce by 10% by end-2025.

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Moderna Inc

Moderna Earnings: Tougher Cost Cuts Show Management Commitment to 2028 Breakeven Goal

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