Company Analysis

Geron Corporation (GERN)

Nasdaq: GERN · Pharmaceutical Preparations · Foster City, CA · filing with the SEC since 1996
Grade3.5
◀ Past 4.3● Present 3.5▶ Future 3.1
2 est.

The grade of Geron Corporation

Nine metrics read from its own filings, by tense
Headline grade
3.5/10
◀ Past4.325% of the headline
● Present3.535% of the headline
▶ Future3.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.3/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 22% of this tense · 82nd percentile among 497 sector filers · read for itself

From the record

Geron Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.9/10

What has it actually done, year after year?

-37.2% a year over 8 filed years; profitable in 0 of 8.

weight 45% of this tense · 19th percentile among 323 sector filers · read for its customers

From the record

Geron Corporation's 8 filed years say what it did: revenue went from $6 million in fiscal 2016 to $237 thousand in fiscal 2023, down 37.2% a year; it rose in 2 of 7 years; the deepest fall was 96% from fiscal 2016 to fiscal 2023; net income was positive in 0 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-37.2%bottom 7% of its family
  • the share of years revenue rosebottom 13% of its family
  • the share of filed years with a profitbottom 27% of its family
  • the deepest fall from a revenue peak96.2%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.9/10

How has it treated the people who own it?

SI estimate 4.9/10, confidence 35 of 100 (one part).

weight 33% of this tense · 49th percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 49% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Geron Corporation's shareholder treatment is put at 4.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 49% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.5/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
5.4/10

Is it financially healthy right now?

ROE -37%: lost 37¢ per shareholder dollar. Leverage 60%: owes 60¢ per asset dollar.

weight 45% of this tense · 54th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Geron Corporation lost about 37 cents for every dollar of shareholders' money. Leverage: it owed about 60 cents per dollar of assets, and net share issuance: its share count grew 3.2% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 27% of its family
  • return on equitytop 40% of its family
  • the share count against the year beforetop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.6/10

How strong is its position in its industry?

bottom 16% of 315 in its family; net margin -77690.7%.

weight 22% of this tense · 16th percentile among 315 sector filers · read for its customers

From the record

Geron Corporation's standing among 315 graded names in its industry family: revenue of $237 thousand in fiscal 2023 ranks in the bottom 11% by size; a net margin of -77690.7% ranks in the bottom 3%; revenue growth of -2.2% a year over the last 3 filed years ranks in the bottom 34% (its annual reports).

What it rests on

  • revenue against the family$237,000bottom 11% of its family
  • net margin-77690.7%bottom 3% of its family
  • three-year revenue growth-2.2%bottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.0/10

What are the people in charge doing?

bottom 20% of 315 in its family for leadership.

weight 33% of this tense · 20th percentile among 315 sector filers · read for its shareholders

From the record

Geron Corporation's leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 11 officers and directors filing in the last fifteen months have been on the record a median of 3.1 years (bottom 16%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (bottom 24%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 11 peoplebottom 24% of its family
  • the median years the people in charge have filed3.1 yearsbottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
1.1/10

How much room does it have to grow?

SI estimate 1.1/10, confidence 35 of 100 (one part).

weight 33% of this tense · 11th percentile among 479 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the bottom 11% of 479 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 479 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Geron Corporation's room to expand is put at 1.1 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the bottom 11% of 479 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
5.5/10

What could actually drive growth from here?

top 45% of 306 in its family for growth drivers.

weight 45% of this tense · 55th percentile among 306 sector filers · read for its customers

From the record

Geron Corporation's growth drivers, from the filed years to fiscal 2023: revenue grew -2.2% a year over the last three filed years against -37.2% over all 8, speeding up (top 11% of its family); the newest year grew -60.3% (bottom 13%); research spending grew -9.2% a year (bottom 32%); capital spending grew 48.6% a year (top 16%) (its annual reports). Geron Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+35.1 points a yeartop 11% of its family
  • the newest year's revenue growth-60.3%bottom 13% of its family
  • three-year growth of research spending-9.2%bottom 32% of its family
  • three-year growth of capital spending48.6%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.1/10

Did its newest year beat what its own record pointed to?

bottom 11% of 233 in its family for expectations against reality.

weight 22% of this tense · 11th percentile among 233 sector filers · read for its shareholders

From the record

Geron Corporation's newest year against its own record: revenue of $237 thousand in fiscal 2023 came in 74.1% below the $915 thousand its prior three years' pace pointed to (bottom 11% of its family); net income of $184 million against a prior three-year average of $111 million (bottom 21%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 2%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-74.1%bottom 11% of its family
  • net income against the prior three years' average-66%bottom 21% of its family
  • net margin against its prior averagedown more than 100 pointsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GERN · research, not advice