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Stocks · Health care · Pharmaceutical Preparations

GERON CORP

GERN Clue Score22
United States Fiscal year ends December CIK 0000886744
$1.23 +0.41% Close, 9 Oct 2026
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Price $1.23 −8.58% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue6.2Operating income−30.6Net income−29.5EPS, diluted−0.19Fiscal year 2017Revenue1.1 −82.7%Operating income−29.3Net income−27.9EPS, diluted−0.18Fiscal year 2018Revenue1.1 +0.1%Operating income−31.1Net income−27.0Fiscal year 2019Revenue0.5 −56.8%Operating income−72.5Net income−68.5Fiscal year 2020Revenue0.3 −45.0%Operating income−76.9Net income−75.6EPS, diluted−0.28Fiscal year 2021Revenue1.4 +450.6%Operating income−114.0Net income−116.1EPS, diluted−0.35Fiscal year 2022Revenue0.6 −57.2%Operating income−138.6Net income−141.9EPS, diluted−0.37Fiscal year 2023Revenue0.2 −60.2%Operating income−193.9Net income−184.1EPS, diluted−0.32Fiscal year 2024Operating income−173.7Net income−174.6EPS, diluted−0.27Fiscal year 2025Operating income−68.6Net income−83.5EPS, diluted−0.13
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 6.2 1.1 1.1 0.5 0.3 1.4 0.6 0.2 n/a n/a
Growth −82.7% +0.1% −56.8% −45.0% +450.6% −57.2% −60.2%
Operating income −30.6 −29.3 −31.1 −72.5 −76.9 −114.0 −138.6 −193.9 −173.7 −68.6
Net income −29.5 −27.9 −27.0 −68.5 −75.6 −116.1 −141.9 −184.1 −174.6 −83.5
Growth
EPS, diluted −0.19 −0.18 n/a n/a −0.28 −0.35 −0.37 −0.32 −0.27 −0.13

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−497.3%Net margin−479.3%Free cash flow margin−299.0%Fiscal year 2017Operating margin−2,746.9%Net margin−2,621.2%Fiscal year 2018Operating margin−2,914.9%Net margin−2,534.4%Free cash flow margin−1,972.3%Fiscal year 2019Operating margin−15,762.0%Net margin−14,901.7%Free cash flow margin−9,617.8%Fiscal year 2020Operating margin−30,400.4%Net margin−29,888.1%Free cash flow margin−26,503.2%Fiscal year 2021Operating margin−8,183.7%Net margin−8,335.4%Free cash flow margin−6,874.6%Fiscal year 2022Operating margin−23,246.6%Net margin−23,808.9%Free cash flow margin−21,444.6%Fiscal year 2023Operating margin−81,832.9%Net margin−77,690.7%Free cash flow margin−71,127.8%Fiscal year 2024Fiscal year 2025
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −497.3% −2,746.9% −2,914.9% −15,762.0% −30,400.4% −8,183.7% −23,246.6% −81,832.9% n/a n/a
Net margin −479.3% −2,621.2% −2,534.4% −14,901.7% −29,888.1% −8,335.4% −23,808.9% −77,690.7% n/a n/a
Free cash flow margin −299.0% n/a −1,972.3% −9,617.8% −26,503.2% −6,874.6% −21,444.6% −71,127.8% n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−18.4Capital expenditure−0.1Free cash flow−18.4Fiscal year 2017Operating cash flow−20.6Fiscal year 2018Operating cash flow−21.0Capital expenditure−0.0Free cash flow−21.0Fiscal year 2019Operating cash flow−43.8Capital expenditure−0.4Free cash flow−44.2Fiscal year 2020Operating cash flow−66.7Capital expenditure−0.4Free cash flow−67.1Fiscal year 2021Operating cash flow−95.6Capital expenditure−0.2Free cash flow−95.8Fiscal year 2022Operating cash flow−127.4Capital expenditure−0.4Free cash flow−127.8Fiscal year 2023Operating cash flow−167.7Capital expenditure−0.8Free cash flow−168.6Fiscal year 2024Operating cash flow−218.6Capital expenditure−0.7Free cash flow−219.3Fiscal year 2025Operating cash flow−111.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −18.4 −20.6 −21.0 −43.8 −66.7 −95.6 −127.4 −167.7 −218.6 −111.0
Capital expenditure −0.1 n/a −0.0 −0.4 −0.4 −0.2 −0.4 −0.8 −0.7 n/a
Free cash flow −18.4 n/a −21.0 −44.2 −67.1 −95.8 −127.8 −168.6 −219.3 n/a
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash12.8Shareholders’ equity122.4Fiscal year 2017Cash16.3Shareholders’ equity103.8Fiscal year 2018Cash10.6Shareholders’ equity177.7Fiscal year 2019Cash13.6Shareholders’ equity135.2Fiscal year 2020Cash9.9Total debt24.0Net cash (debt)−14.1Shareholders’ equity210.9Debt to equity0.11Fiscal year 2021Cash34.9Total debt49.8Net cash (debt)−15.0Shareholders’ equity126.4Debt to equity0.39Fiscal year 2022Cash56.8Total debt51.2Net cash (debt)5.7Shareholders’ equity80.0Debt to equity0.64Fiscal year 2023Cash70.0Total debt81.9Net cash (debt)−11.9Shareholders’ equity247.9Debt to equity0.33Fiscal year 2024Cash79.0Total debt118.5Net cash (debt)−39.5Shareholders’ equity280.3Debt to equity0.42Fiscal year 2025Cash77.6Total debt119.5Net cash (debt)−42.0Shareholders’ equity225.9Debt to equity0.53
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 12.8 16.3 10.6 13.6 9.9 34.9 56.8 70.0 79.0 77.6
Total debt n/a n/a n/a n/a 24.0 49.8 51.2 81.9 118.5 119.5
Net cash (debt) n/a n/a n/a n/a −14.1 −15.0 5.7 −11.9 −39.5 −42.0
Shareholders’ equity 122.4 103.8 177.7 135.2 210.9 126.4 80.0 247.9 280.3 225.9
Debt to equity n/a n/a n/a n/a 0.11 0.39 0.64 0.33 0.42 0.53

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−497.3% −2,746.9% −2,914.9% −15,762.0% −30,400.4% −8,183.7% −23,246.6% −81,832.9% n/a n/a
n/a n/a n/a n/a n/a n/a −23,809.1% −76,681.0% n/a n/a
−479.3% −2,621.2% −2,534.4% −14,901.7% −29,888.1% −8,335.4% −23,808.9% −77,690.7% n/a n/a
−299.0% n/a −1,972.3% −9,617.8% −26,503.2% −6,874.6% −21,444.6% −71,127.8% n/a n/a
Spending
304.5% 1,811.0% 1,754.9% 4,542.0% 10,149.4% 2,129.6% 7,320.1% 29,170.9% n/a n/a
0.9% n/a 1.5% 89.8% 158.5% 14.9% 72.3% 350.2% n/a n/a
Returns
−24.1% −26.9% −15.2% −50.7% −35.8% −91.8% −177.4% −74.3% −62.3% −37.0%
−22.7% −25.3% −14.6% −41.4% −27.9% −51.4% −74.5% −46.7% −29.4% −14.6%
Balance and payout
n/a n/a n/a n/a 0.11 0.39 0.64 0.33 0.42 0.53
n/a n/a n/a 18.3% 22.1% 44.1% 58.0% 37.1% 52.8% 60.4%