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News articleYahoo Finance· February 13, 2026

Moderna Reports Fourth Quarter and Fiscal Year 2025 Financial Results and Provides Business Updates

View original at finance.yahoo.com
“Revenue: Total revenue for the fourth quarter of 2025 was $678 million, on the higher end of the Company's prior expectations”
Verbatim excerpt from the source · Yahoo Finance · short snapshot — read the full document at the original

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The claims Via News extracted from this document. We point to the source; we don't replace it.

  • 2026 SG&A expenses projected to be approximately $1.0 billion

    80% confidence
  • Moderna expects potential propionic acidemia therapeutic data readout in 2026

    80% confidence
  • Moderna is poised to deliver up to 10 percent revenue growth through mNEXSPIKE expansion and international strategic partnerships

    80% confidence
  • Intismeran autogene in combination with KEYTRUDA reduced the risk of recurrence or death by 49% compared to KEYTRUDA alone in five-year Phase 2b adjuvant melanoma data

    80% confidence
  • 2026 revenue targeting up to 10% growth from 2025 with approximately 50% U.S. and 50% international split

    80% confidence
  • Moderna expects potential Phase 2 mRNA-4359 data readout in 2026

    80% confidence
  • In 2025, Moderna sharpened commercial execution, launched third product and brought online three international manufacturing sites, while advancing mRNA pipeline and lowering annual operating expenses by approximately $2.2 billion

    80% confidence
  • Seasonal vaccines expected to deliver up to 10% revenue growth in 2026

    80% confidence
  • Moderna expects potential Phase 3 adjuvant melanoma data in 2026

    80% confidence
  • 2026 cost of sales expected to be approximately $0.9 billion

    80% confidence
  • Moderna looks forward to delivering multiple potential product approvals and late-stage clinical readouts, while driving continued innovation across mRNA platform

    80% confidence
  • Year-end 2026 cash and investments projected to be $5.5 to $6.0 billion, excluding any additional credit facility drawdown

    80% confidence
  • 2026 R&D expenses anticipated to be approximately $3.0 billion

    80% confidence

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What we're seeing
ESMO 2026 Oncology Catalyst Cluster: Ivonescimab's PDUFA Date and Small-Cap Biotech Delistings
ESMO 2026 (Oct 22-24) concentrates a wave of oncology readouts. Summit's ivonescimab (10 presentations, positive HARMONi-GI1 OS, new EA2251 Phase II/III with ECOG-ACRIN) leads, ahead of its FDA PDUFA date of 2026-11-14, and Daiichi Sankyo's DXd ADC platform (REJOICE-Ovarian, DESTINY-Lung04, TUXEDO-3) follows. At the other end of the capital-markets spectrum, micro-cap Spago Nanomedical is moving to delist from Nasdaq First North (board resolution Oct 22, EGM Nov 19, application Jan 2027). Pivotal data and regulatory milestones are rewarding well-funded late-stage players, while cash-constrained early-stage developers are exiting public markets.
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
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Where sources disagree
Ford Motor Company
Both facts give cash for Ford Motor Company at the same point in time (2025-12-31; FY 2025 year-end and Q4 2025 year-end are the same date). Both are labelled USD, but the values are 23,356,000,000 and 23.356, which cannot both be true in USD. The two numbers agree once the second is read as billions (23.356 bn = 23,356,000,000), so the economic content is consistent and the conflict is a unit/scale error in the Q4 2025 record. The period is not the reason for the conflict: a Q4 and an FY figure at the same year-end date should match.
We flag conflicts openly ›
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