GERON CORP(GERN)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
GERN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for GERON CORP (GERN), a Healthcare sector company. GERN is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), GERON CORP reports quarterly revenue of $51.8M, net income of $-3.6M, free cash flow of $-62.9M. Top institutional holders of GERN by reported 13-F value include RA CAPITAL MANAGEMENT, L.P., BlackRock,, Soleus Capital Management, L.P., based on the most recent SEC filings. GERN trades on the Nasdaq exchange and files with the SEC under CIK 886744. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GERN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for GERON CORP directly from SEC EDGAR. GERON CORP's 13F Pro composite quality score has ranged between 14 and 32 since 2024, currently 32.4 — an improving long-term trajectory across 8 quarterly and live scoring snapshots.
Revenue
Q1 2026
$51.8M
Net Income
Q1 2026
$-3.6M
Free Cash Flow
Q1 2026
$-62.9M
D/E Ratio
Q1 2026
0.52
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
Net Income
+52.2% YoYOperating Income
+60.5% YoYEPS (Diluted)
+51.9% YoYTotal Assets
-3.9% YoYTotal Debt
+0.9% YoYOp. Cash Flow
+49.2% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | — | — | $237.0K -60.2% | $596.0K -57.2% | $1.4M +450.6% | $253.0K |
| Net Income | $-83.5M +52.2% | $-174.6M +5.2% | $-184.1M -29.8% | $-141.9M -22.2% | $-116.1M -53.6% | $-75.6M |
| Operating Income | $-68.6M +60.5% | $-173.7M +10.4% | $-193.9M -40.0% | $-138.6M -21.5% | $-114.0M -48.2% | $-76.9M |
| EPS (Diluted) | $-0.13 +51.9% | $-0.27 +15.6% | $-0.32 +13.5% | $-0.37 -5.7% | $-0.35 -25.0% | $-0.28 |
| Total Assets | $570.5M -3.9% | $593.8M +50.7% | $394.1M +106.8% | $190.6M -15.7% | $226.0M -16.5% | $270.7M |
| Total Debt | $119.5M +0.9% | $118.5M -8.0% | $128.8M +78.7% | $72.1M +44.7% | $49.8M +107.3% | $24.0M |
| Operating Cash Flow | $-111.0M +49.2% | $-218.6M -30.3% | $-167.7M -31.7% | $-127.4M -33.3% | $-95.6M -43.4% | $-66.7M |
AI Insight: GERN Financial Trends
Operating losses are narrowing sharply — Q1 2026 reached breakeven op income at $0M, the best result since commercialization began.
• Operating income improved from -$69M in Q2 2024 to $0M in Q1 2026, a near-complete elimination of operating losses.
• Revenue scaled from $1M in Q2 2024 to $52M in Q1 2026, reflecting rapid commercial ramp of Rytelo.
• Total debt dropped from $165M in Q4 2024 to $120M in Q1 2026, reducing leverage meaningfully.
• Equity has eroded steadily from $307M in Q2 2024 to $229M in Q1 2026 as cumulative losses persist.
⚠ Operating cash flow deteriorated sharply to -$63M in Q1 2026 from -$14M in Q3 2025 — largest outflow in four quarters.
⚠ Net income worsened to -$29M in Q4 2025 before improving to -$4M in Q1 2026; Q4 step-back warrants monitoring for seasonality.
⚠ Revenue data missing for Q4 2024 and Q4 2025, limiting full-year trend visibility and comparability.
AI Insight: GERN Ratio Trends
GERN flips to near-breakeven in Q1 2026, with operating margin reaching 0.3% and ROIC turning positive at 0.2% — the first positive readings in the dataset.
• Operating margin surged from -99.8% in Q3 2024 to 0.3% in Q1 2026, a dramatic multi-quarter recovery toward breakeven.
• ROIC turned positive to 0.2% in Q1 2026, reversing from deeply negative readings as low as -63.5% in Q2 2024.
• ROA improved materially from -60.0% in Q2 2024 to -2.7% in Q1 2026, reflecting reduced cash burn relative to assets.
• D/E has oscillated between 0.42 and 0.59 since Q2 2024, with Q1 2026 at 0.52 — leverage broadly stable, no meaningful deleveraging.
⚠ Q4 2025 ROE spiked to -51.1% and ROIC to -29.6%, suggesting a material one-off drag — watch for recurrence in upcoming quarters.
⚠ Net profit margin remains negative at -7.0% in Q1 2026 despite near-breakeven operating margin; below-the-line costs still pressuring profitability.
⚠ Q1 2026 breakeven may reflect early commercial traction — sustainability across subsequent quarters is the key inflection to confirm.
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Available Research
13F Pro tracks comprehensive data for GERON CORP including:
Top Institutional Holders of GERN
RA CAPITAL MANAGEMENT, L.P.
$95.0M63,771,366 shBlackRock, Inc.
$70.5M47,319,779 shSoleus Capital Management, L.P.
$61.8M41,508,659 shDeep Track Capital, LP
$47.3M31,720,278 shSTATE STREET CORP
$45.4M30,497,183 shVANGUARD CAPITAL MANAGEMENT LLC
$39.7M26,669,029 shCITADEL ADVISORS LLC
$32.1M21,576,569 shPoint72 Asset Management, L.P.
$30.5M20,457,134 shClearbridge Investments, LLC
$29.2M19,620,320 shEversept Partners, LP
$28.1M18,834,883 sh
| Fund | Value | Shares |
|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. | $95.0M | 63,771,366 |
| BlackRock, Inc. | $70.5M | 47,319,779 |
| Soleus Capital Management, L.P. | $61.8M | 41,508,659 |
| Deep Track Capital, LP | $47.3M | 31,720,278 |
| STATE STREET CORP | $45.4M | 30,497,183 |
| VANGUARD CAPITAL MANAGEMENT LLC | $39.7M | 26,669,029 |
| CITADEL ADVISORS LLC | $32.1M | 21,576,569 |
| Point72 Asset Management, L.P. | $30.5M | 20,457,134 |
| Clearbridge Investments, LLC | $29.2M | 19,620,320 |
| Eversept Partners, LP | $28.1M | 18,834,883 |
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Popular Research
Is GERN a good stock to buy?
13F Pro's AI-powered analysis of GERON CORP (GERN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for GERN are available on the GERN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own GERN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling GERN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of GERON CORP's investment landscape.