GERON CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | — | — | $237,000 | $596,000 | $1.4M |
| Selling, general & administrative | $159.3M | $145.7M | $69.1M | $43.6M | — |
| Research and development | $71.4M | $103.7M | $125.0M | $95.5M | $85.7M |
| Operating expenses | $252.5M | $250.7M | $194.2M | $139.1M | $115.4M |
| Operating income | -$68.6M | -$173.7M | -$193.9M | -$138.6M | -$114.0M |
| Interest expense | $32.7M | $18.5M | $8.3M | $6.9M | $3.7M |
| Pretax income | -$83.4M | -$174.5M | -$181.7M | -$141.9M | — |
| Income tax expense | $75,000 | $449,000 | $22,000 | — | — |
| Net income | -$83.5M | -$174.6M | -$184.1M | -$141.9M | -$116.1M |
| Balance Sheet | |||||
| Cash and equivalents | $77.6M | $79.0M | $70.0M | $56.8M | $34.9M |
| Current assets | $520.3M | $491.0M | $341.3M | $180.2M | $187.2M |
| Total assets | $570.5M | $593.8M | $394.1M | $190.6M | $226.0M |
| Current liabilities | $111.5M | $88.3M | $108.1M | $76.7M | $45.5M |
| Total liabilities | $344.7M | $313.5M | $146.1M | $110.6M | $99.6M |
| Total debt | $175.5M | — | — | — | — |
| Stockholders' equity | $225.9M | $280.3M | $247.9M | $80.0M | $126.4M |
| Cash Flow Statement | |||||
| Cash from operations | -$111.0M | -$218.6M | -$167.7M | -$127.4M | -$95.6M |
| Depreciation and amortization | $474,000 | $546,000 | $442,000 | $288,000 | $215,000 |
| Stock-based compensation | $26.7M | $31.2M | $18.5M | $8.0M | $8.1M |
| Capital expenditure | — | $680,000 | $830,000 | $431,000 | $207,000 |
| Free cash flow | — | -$219.3M | -$168.6M | -$127.8M | -$95.8M |
Shares outstanding 641.5M · Free float 98.4%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.