Moderna, Inc.MRNANASDAQ
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R&D Expenses Over TimeContracting
Percentile Rank67
3Y CAGR-1.7%
5Y CAGR+18.0%
Year-over-Year Change

Research and development spending

3Y CAGR
-1.7%/yr
vs +64.1%/yr prior
5Y CAGR
+18.0%/yr
Recent deceleration
Acceleration
-65.8pp
Decelerating
Percentile
P67
Within normal range
vs 5Y Ago
2.3x
Strong expansion
Streak
2 yr
Consecutive declineContracting
PeriodValueYoY Change
2025$3.13B-31.1%
2024$4.54B-6.2%
2023$4.84B+47.0%
2022$3.29B+65.5%
2021$1.99B+45.3%
2020$1.37B+176.1%
2019$496.31M+9.3%
2018$454.08M+10.6%
2017$410.46M+49.4%
2016$274.72M-