Geron Corp. (GERN) intrinsic value & 10-year financials
Geron Corp. (GERN) has a Graham intrinsic value of $7.39 per share. At $1.17 on Oct 17, 2026, the stock trades 84% below that value.
- Graham intrinsic value
- $7.39
- Share price (Oct 17, 2026)
- $1.17
- Price vs Graham value
- 84% below
- Market cap
- $780.0M
- Revenue (FY2025)
- —
- Revenue growth (10-yr CAGR)
- -37.2%
- ROIC (10-yr avg)
- -55.1%
- Free cash flow (FY2025)
- —
GERN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | — | -$83.5M | -$0.13 | — | — | -23.2% |
| FY2024 | — | -$174.6M | -$0.27 | -$219.3M | — | -59.4% |
| FY2023 | $237.0K | -$184.1M | -$0.32 | -$168.6M | -81832.9% | -113.8% |
| FY2022 | $596.0K | -$141.9M | -$0.37 | -$127.8M | -23246.6% | -126.9% |
| FY2021 | $1.4M | -$116.1M | -$0.35 | -$95.8M | -8183.7% | -61.8% |
| FY2020 | $253.0K | -$75.6M | -$0.28 | -$67.1M | -30400.4% | -42.8% |
| FY2019 | $460.0K | -$68.5M | — | -$44.2M | -15762.0% | -55.4% |
| FY2018 | $1.1M | -$27.0M | — | -$21.0M | -2914.9% | -19.2% |
| FY2017 | $1.1M | -$27.9M | -$0.18 | — | -2746.9% | -24.7% |
| FY2016 | $6.2M | -$29.5M | -$0.19 | -$18.4M | -497.3% | -24.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GERON CORP revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
GERON CORP has historically struggled to out-earn its cost of capital, averaging just -55.1% ROIC.
GERON CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GERON CORP is modeled at -37.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $7.39 per share.