MRNA · 10-Q · 2026Q3 · Full report

Interest Rate Environment

Moderna, Inc. · 2026-11-06 · Importance 23 · Surprise 22

Interest income decreased 15% in the third quarter and 18% in the first nine months of 2026 compared with the same periods in 2025. Moderna attributed the declines primarily to lower average investment balances and interest rates. The filing does not specify an interest-rate outlook or quantify the portion of the decline attributable to rates alone.