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Geron Corporation(GERN)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.26
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for GERN

09/25/2026: GERN (1-star) is currently NOT-A-BUY. Pass it for now.

Geron Corporation is a specialized biopharmaceutical company that has recently transitioned to commercial status following the FDA approval of its lead drug, RYTELO, for lower-risk myelodysplastic syndromes. Its core strength lies in its proprietary telomerase-inhibitor technology, which offers a unique approach in hematologic oncology. The primary growth opportunity involves scaling the commercial launch and exploring additional indications for RYTELO. However, the company faces significant execution and competition risks from established pharmaceutical incumbents and remains subject to high volatility as it proves its commercial viability. The stock is best suited for growth-oriented investors capable of tolerating the substantial risks inherent in newly commercialized biotechnology.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers growth potential tied to drug adoption, but the execution risk is high.
Momentum investorStrong fit while signal remains positiveThe transition to a commercial-stage company can create volatility suitable for momentum strategies.
Value investorWeak fitGeron is not currently valued on traditional earnings or P/E metrics.
Dividend investorWeak fitThe company does not pay dividends and focuses on capital preservation and growth.
Low-risk investorWeak fitBiotech stocks are inherently high-risk, especially those transitioning to product commercialization.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighClinical and commercial success can lead to significant share price swings.
Valuation riskHighValuation is speculative, heavily dependent on future drug uptake projections.
Competition risk (oncology)Medium / highEstablished incumbents have significant defensive moats.
Business qualityMediumThe transition to commercial operations is the primary measure of quality here.
Dividend incomeLow / noneThe company is in a growth and investment phase, not an income-generating phase.
Execution riskHighSuccessful commercialization of RYTELO is critical for long-term viability.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -56.41%
Avg. Invested days 27
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
GERN receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
GERN has solid overall fundamentals (4 stars), with moderate financial health, strong growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+50.9%) and strong revenue growth (+138.8%) are partially offset by soft cash generation (FCF margin -60.4%), soft profitability (net margin -46.7%), very low insider ownership of 0.08%.

Financial Health Rating

★★★★★
GERN's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 71.6%). Cash strength is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is GERN's strongest growth driver at +138.8% FY2025 versus FY2024 (strong, 5 stars). Earnings growth (+50.9%, strong) and free-cash-flow growth (+49.3%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 76.6% and approximately 86.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.08%, which materially reduces the ownership score.

Top 5 Institutional Investors

RA Capital Management, LLC 9.93%
BlackRock Inc 7.37%
Soleus Capital Management, L.P. 6.66%
State Street Corp 4.75%
Citadel Advisors Llc 4.52%

Unit Economics (Per $1K Revenue)

★★★★★
GERN generates approximately $974 of gross profit, $-293 of operating income, and $-604 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 0.00%

Quantitative Style Profile

★★★★★
GERN has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 809.52M USD
Price to earnings Ratio -
1Y Target Price 4.25
Price to earnings Ratio -
1Y Target Price 4.25
Volume (30-day avg) 10.0M shares
Beta 0.6
52 Weeks Range 1.04 - 2.01
Updated Date 09/27/2026
52 Weeks Range 1.04 - 2.01
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.11

How Company Makes Money

Business areaWhat it includesRetail investor read
Hematology / RYTELO SalesUS sales of RYTELO for the treatment of lower-risk MDS.Geron makes money by selling its single approved drug to hospitals and cancer clinics.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 65.36
Enterprise Value 659.72M
Price to Sales(TTM) 3.96
Enterprise Value 659.72M
Price to Sales(TTM) 3.96
Enterprise Value to Revenue 3.23
Enterprise Value to EBITDA -9.06
Shares Outstanding 642.47M
Shares Floating 556.32M
Shares Outstanding 642.47M
Shares Floating 556.32M
Percent Insiders 0.08
Percent Institutions 76.63

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Geron Corporation

Exchange NASDAQ
Headquarters Foster City, CA, United States
IPO Launch date 1996-06-30
CEO, President & Director Mr. Harout Semerjian
Sector Healthcare
Industry Biotechnology
Full time employees 258
Full time employees 258

Geron Corporation, a commercial-stage biopharmaceutical company, focuses on the development of therapeutics products for oncology. The company's product pipeline includes RYTELO, a telomerase inhibitor for the treatment of adult patients with low- to intermediate-1 risk myelodysplastic syndromes with transfusion-dependent anemia; IMerge which is in Phase 3 clinical trial for the treatment of lower-risk myelodysplastic syndromes; IMpactMF that is in Phase 3 for the treatment of relapsed/refractory myelofibrosis; Impress which is in Phase 2 clinical trial to treat higher risk myelodysplastic syndromes and acute myeloid leukemia (AML); IMproveMF which is in Phase 1 clinical trial for the treatment of frontline myelofibrosis; and IMAGINE which is in phase 1/2 clinical trial for the treatment of relapsed/refractory AML. Geron Corporation was incorporated in 1990 and is headquartered in Foster City, California.