NASDAQ : GERN
Geron Corporation — Financial statements
Healthcare · Biotechnology · United States
Last price 0.9462 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 607.91M
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Financial statements
Geron Corporation (GERN) reported revenue of 204.56M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 204.56M | 183.88M | 76.99M | 237.00K | 596.00K | 1.39M |
| Cost of Revenue | 84.89M | 76.18M | 104.99M | 125.05M | 95.52M | 84.53M |
| Gross Profit | 119.67M | 107.70M | -28.00M | -124.81M | -94.92M | -83.14M |
| Selling, General & Admin | 154.96M | 159.26M | 145.73M | 69.14M | 43.63M | 30.86M |
| Operating Expenses | 154.96M | 159.26M | 145.73M | 69.14M | 43.63M | 30.86M |
| Operating Income | -35.28M | -51.55M | -173.73M | -193.94M | -138.55M | -114.00M |
| Interest Expense | -30.23M | -32.66M | -18.50M | -8.31M | -6.88M | -3.74M |
| Interest & Investment Income | 14.70M | 18.12M | 19.61M | 18.15M | 2.53M | 527.00K |
| Other Non Operating Income (Expenses) | -314.00K | -375.00K | -236.00K | -23.00K | 1.00M | -100.00K |
| EBT Excluding Unusual Items | -51.13M | -66.47M | -172.87M | -184.13M | -141.90M | -117.31M |
| Merger & Restructuring Charges | -16.48M | -17.03M | ||||
| Gain (Loss) on Sale of Investments | 1.20M | |||||
| Other Unusual Items | -1.71M | |||||
| Pretax Income | -67.61M | -83.50M | -174.57M | -184.13M | -141.90M | -116.11M |
| Net Income | -67.61M | -83.50M | -174.57M | -184.13M | -141.90M | -116.11M |
| Net Income to Common | -67.61M | -83.50M | -174.57M | -184.13M | -141.90M | -116.11M |
| Shares Outstanding (Basic) | 668.66M | 666.66M | 646.03M | 570.65M | 380.78M | 327.63M |
| Shares Outstanding (Diluted) | 668.66M | 666.66M | 646.03M | 570.65M | 380.78M | 327.63M |
| EPS (Basic) | -0.10 | -0.13 | -0.27 | -0.32 | -0.37 | -0.35 |
| EPS (Diluted) | -0.10 | -0.13 | -0.27 | -0.32 | -0.37 | -0.35 |
| Free Cash Flow | -114.76M | -111.09M | -219.30M | -168.57M | -127.81M | -95.76M |
| Free Cash Flow Per Share | -0.17 | -0.17 | -0.34 | -0.29 | -0.34 | -0.29 |
| Gross Margin | 58.50% | 58.57% | -36.37% | |||
| Operating Margin | -17.25% | -28.04% | -225.64% | -81,832.91% | -23,246.64% | -8,183.70% |
| Profit Margin | -33.05% | -45.41% | -226.73% | -77,690.72% | -23,808.89% | -8,335.39% |
| Free Cash Flow Margin | -56.10% | -60.41% | -284.83% | -71,127.85% | -21,444.63% | -6,874.59% |
| EBITDA | -34.80M | -51.08M | -173.19M | -193.50M | -138.26M | -113.78M |
| EBITDA Margin | -17.01% | -27.78% | -224.93% | |||
| D&A For EBITDA | 485.00K | 474.00K | 546.00K | 442.00K | 288.00K | 215.00K |
| EBIT | -35.28M | -51.55M | -173.73M | -193.94M | -138.55M | -114.00M |
| EBIT Margin | -17.25% | -28.04% | -225.64% | |||
| Revenue as Reported | 20.68M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 62.64M | 77.56M | 79.02M | 70.02M | 56.84M | 34.87M |
| Short-Term Investments | 238.21M | 280.36M | 327.55M | 263.68M | 115.90M | 148.85M |
| Cash & Short-Term Investments | 300.85M | 357.92M | 406.57M | 333.70M | 172.75M | 183.72M |
| Accounts Receivable | 51.64M | 36.99M | 35.95M | |||
| Other Receivables | 1.86M | 2.24M | 2.85M | 1.66M | 3.14M | 1.76M |
| Receivables | 53.50M | 39.23M | 38.80M | 1.66M | 3.14M | 1.76M |
| Inventory | 123.60M | 116.64M | 38.71M | |||
| Prepaid Expenses | 6.50M | 4.61M | 5.05M | 4.88M | 3.99M | 1.36M |
| Restricted Cash | 1.89M | 1.88M | 1.86M | 1.11M | 364.00K | 364.00K |
| Total Current Assets | 486.34M | 520.27M | 490.99M | 341.35M | 180.25M | 187.21M |
| Property, Plant & Equipment | 2.85M | 3.04M | 4.19M | 4.73M | 4.94M | 5.38M |
| Long-Term Investments | 24.12M | 41.29M | 94.52M | 43.30M | 28.65M | |
| Other Long-Term Assets | 5.70M | 5.95M | 4.08M | 4.70M | 5.39M | 4.80M |
| Total Assets | 519.01M | 570.54M | 593.78M | 394.08M | 190.57M | 226.03M |
| Accounts Payable | 8.80M | 11.26M | 8.60M | 6.16M | 10.19M | 6.69M |
| Accrued Expenses | 39.82M | 81.84M | 58.36M | 54.07M | 44.63M | 37.93M |
| Current Portion of Long-Term Debt | 46.89M | 20.95M | ||||
| Current Portion of Leases | 1.01M | 1.00M | 974.00K | 949.00K | 925.00K | 901.00K |
| Other Current Liabilities | 20.69M | 17.45M | 20.37M | |||
| Total Current Liabilities | 70.33M | 111.54M | 88.30M | 108.07M | 76.69M | 45.52M |
| Long-Term Debt | 120.13M | 119.55M | 118.48M | 35.05M | 30.21M | 49.83M |
| Long-Term Leases | 1.00M | 1.45M | 2.27M | 3.01M | 3.67M | 4.27M |
| Other Long-Term Liabilities | 108.93M | 112.13M | 104.42M | |||
| Total Liabilities | 300.39M | 344.67M | 313.46M | 146.13M | 110.58M | 99.62M |
| Common Stock | 642.00K | 640.00K | 606.00K | 545.00K | 390.00K | 324.00K |
| Additional Paid-In Capital | 2.09B | 2.08B | 2.05B | 1.84B | 1.49B | 1.40B |
| Retained Earnings | -1.88B | -1.86B | -1.77B | -1.60B | -1.41B | -1.27B |
| Comprehensive Income & Other | -339.00K | 269.00K | 261.00K | 185.00K | -219.00K | -173.00K |
| Shareholders' Equity | 218.61M | 225.87M | 280.32M | 247.95M | 80.00M | 126.42M |
| Total Liabilities & Equity | 519.01M | 570.54M | 593.78M | 394.08M | 190.57M | 226.03M |
| Total Debt | 122.14M | 121.99M | 121.72M | 85.90M | 55.75M | 55.00M |
| Net Cash (Debt) | 202.83M | 277.22M | 379.37M | 291.10M | 116.99M | 157.38M |
| Net Cash Per Share | 0.30 | 0.42 | 0.59 | 0.51 | 0.31 | 0.48 |
| Filing Date Shares Outstanding | 642.47M | 640.54M | 636.90M | 546.06M | 508.72M | 323.73M |
| Total Common Shares Outstanding | 642.47M | 639.86M | 606.39M | 544.91M | 390.26M | 323.73M |
| Working Capital | 416.01M | 408.73M | 402.69M | 233.28M | 103.55M | 141.69M |
| Book Value Per Share | 0.34 | 0.35 | 0.46 | 0.46 | 0.20 | 0.39 |
| Tangible Book Value | 218.61M | 225.87M | 280.32M | 247.95M | 80.00M | 126.42M |
| Tangible Book Value Per Share | 0.34 | 0.35 | 0.46 | 0.46 | 0.20 | 0.39 |
| Machinery | 2.96M | 2.88M | 2.27M | 1.55M | 1.17M | |
| Leasehold Improvements | 129.00K | 129.00K | 135.00K | 135.00K | 129.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -67.61M | -83.50M | -174.57M | -184.13M | -141.90M | -116.11M |
| Depreciation & Amortization | 1.25M | 1.20M | 1.22M | 1.03M | 868.00K | 783.00K |
| Other Amortization | 1.14M | 1.07M | 1.09M | 1.33M | 893.00K | |
| Loss (Gain) From Sale of Investments | -4.75M | -6.92M | -9.68M | -11.15M | -965.00K | 1.42M |
| Stock-Based Compensation | 22.42M | 26.75M | 31.32M | 19.35M | 8.27M | 8.17M |
| Provision & Write-off of Bad Debts | -892.00K | -50.00K | -251.00K | |||
| Other Operating Activities | 23.17M | 18.95M | 3.94M | -1.23M | ||
| Change in Accounts Receivable | -14.14M | -991.00K | -35.70M | |||
| Change in Inventory | -60.81M | -77.92M | -37.97M | |||
| Change in Accounts Payable | 578.00K | 2.66M | 2.44M | -4.03M | 3.50M | -232.00K |
| Change in Other Net Operating Assets | -14.73M | 7.72M | 634.00K | 10.09M | 1.52M | 10.75M |
| Operating Cash Flow | -114.38M | -111.04M | -218.62M | -167.74M | -127.38M | -95.56M |
| Capital Expenditures | -386.00K | -49.00K | -680.00K | -830.00K | -431.00K | -207.00K |
| Investment in Securities | 95.03M | 107.30M | -105.32M | -179.49M | 62.50M | 72.15M |
| Investing Cash Flow | 94.64M | 107.25M | -106.00M | -180.32M | 62.07M | 71.95M |
| Long-Term Debt Issued | 121.12M | 29.70M | 24.89M | |||
| Long-Term Debt Repaid | -86.55M | |||||
| Net Debt Issued (Repaid) | 34.57M | 29.70M | 24.89M | |||
| Issuance of Common Stock | 4.73M | 2.27M | 174.81M | 332.32M | 87.26M | 23.66M |
| Other Financing Activities | 125.00M | |||||
| Financing Cash Flow | 4.73M | 2.27M | 334.37M | 362.02M | 87.26M | 48.56M |
| Foreign Exchange Rate Adjustments | -70.00K | 87.00K | -12.00K | -27.00K | 22.00K | |
| Net Cash Flow | -15.07M | -1.44M | 9.74M | 13.93M | 21.97M | 24.95M |
| Free Cash Flow | -114.76M | -111.09M | -219.30M | -168.57M | -127.81M | -95.76M |
| Free Cash Flow Margin | -56.10% | -60.41% | -284.83% | -71,127.85% | -21,444.63% | -6,874.59% |
| Free Cash Flow Per Share | -0.17 | -0.17 | -0.34 | -0.29 | -0.34 | -0.29 |
| Levered Free Cash Flow | -78.37M | -78.36M | -137.87M | -100.51M | -74.68M | -49.29M |
| Unlevered Free Cash Flow | -60.62M | -59.02M | -126.30M | -96.40M | -71.70M | -47.85M |
| Cash Interest Paid | 11.71M | 11.71M | 10.36M | 7.02M | 5.15M | |
| Change in Working Capital | -89.10M | -68.54M | -70.60M | 6.06M | 5.03M | 10.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 596.92M | 842.63M | 2.14B | 1.15B | 922.59M | 392.78M |
| Enterprise Value | 394.10M | 544.95M | 1.85B | 820.54M | 783.30M | 217.26M |
| Last Close Price | 0.93 | 1.32 | 3.54 | 2.11 | 2.42 | 1.22 |
| Forward PE | 82.22 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 |
| PS Ratio | 2.92 | 4.58 | 27.79 | 4,834.87 | 1,547.97 | 281.96 |
| PB Ratio | 2.73 | 3.73 | 7.63 | 4.62 | 11.53 | 3.11 |
| P/TBV Ratio | 2.73 | 3.73 | 7.63 | 4.62 | 11.53 | 3.11 |
| EV/Sales Ratio | 1.93 | 2.96 | 24.03 | 3,462.18 | 1,314.27 | 155.97 |
| Debt / Equity Ratio | 0.56 | 0.54 | 0.43 | 0.35 | 0.70 | 0.43 |
| Net Debt / Equity Ratio | -0.93 | -1.23 | -1.35 | -1.17 | -1.46 | -1.25 |
| Net Debt / EBITDA Ratio | 5.83 | 5.43 | 2.19 | 1.50 | 0.85 | 1.38 |
| Net Debt / FCF Ratio | 1.77 | 2.50 | 1.73 | 1.73 | 0.92 | 1.64 |
| Asset Turnover | 0.38 | 0.32 | 0.16 | 0.00 | 0.00 | 0.01 |
| Inventory Turnover | 0.88 | 0.98 | ||||
| Quick Ratio | 5.04 | 3.56 | 5.04 | 3.10 | 2.29 | 4.08 |
| Current Ratio | 6.92 | 4.66 | 5.56 | 3.16 | 2.35 | 4.11 |
| Return on Equity (ROE) | -28.28% | -32.99% | -66.09% | -112.29% | -137.49% | -68.84% |
| Return on Assets (ROA) | -4.11% | -5.54% | -21.98% | -41.47% | -41.57% | -28.69% |
| Return on Capital Employed (ROCE) | -7.90% | -11.20% | -34.40% | -67.80% | -121.70% | -63.20% |
| Earnings Yield | -10.88% | -9.91% | -8.16% | -16.07% | -15.38% | -29.56% |
| FCF Yield | -19.23% | -13.18% | -10.25% | -14.71% | -13.85% | -24.38% |
| Buyback Yield / Dilution | -0.60% | -3.19% | -13.21% | -49.86% | -16.22% | -20.69% |