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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
Moderna Reports Fourth Quarter and Fiscal Year 2025 Financial Results and Provides Business Updates Reports fourth quarter revenue of $0.7 billion, GAAP net loss of $(0.8) billion and GAAP EPS of $(2.11) Reports full-year revenue of $1.9 billion, GAAP net loss of $(2.8) billion and GAAP diluted EPS of $(7.26) Reiterate…
Opening lines of the source · Yahoo Finance · short snapshot — read the full document at the original

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  • 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
Autumn 2026 Biopharma Catalyst Season: Late-Breaking Data, FDA Milestones and the Rise of AI-Designed Drugs
Late-September and early-October 2026 conferences (EASD, EADV, IGCS) brought a cluster of positive late-breaking trial readouts. These covered obesity and metabolic disease (Novo Nordisk's CagriSema), immunology (Lilly's EBGLYSS, tulisokibart) and oncology (Rina-S, Agenus BOT+BAL). Ahead lie hard regulatory catalysts, led by the 14 Nov 2026 FDA PDUFA date for ivonescimab. At the same time, Insilico-style AI-designed drugs such as rentosertib are showing anti-aging signals. That points to AI-driven drug discovery moving from concept toward clinical validation. Unrelated tech and regulatory items (Tesla Cybercab probe, xAI litigation, OpenAI agent incident) and the speculative QAIAx claims are peripheral to this story.
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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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ING Group
Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
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