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Geron GERN Proceeds from sale of future royalties

Proceeds from sale of future royalties at other companies

Mannkind logo
MannkindMNKD
$37.5M
Xencor logo
XencorXNCR
$0
Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
$0
uniQure logo
uniQureQURE
$92.52M
Viridian Therapeutics, Inc. logo
Viridian Therapeutics, Inc.VRDN
$1.25M
Xencor logo
XencorXNCR
$0-100%

Other financials

Income statement

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Revenue$51.8M+30.9%
Operating income$158.0K+101%
Net income-$3.6M+81.6%
EPS (diluted)-$0.01+66.7%

Balance sheet

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Cash & equivalents$48.7M-12.2%
Total debt$134.0M+10.0%
Total equity$229.1M-14.6%
Total assets$534.1M-5.0%

Cash flow

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Operating cash flow-$62.9M-31.1%
CapEx$206.0K+2.0%
Free cash flow-$43.8M-6.8%

Valuation

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Market cap$888.51M-7.6%
Enterprise value$973.78M-5.3%
P/S4.7×-174×

Profitability

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Operating margin-705.5%-351pp
Net margin-682.5%-339pp
FCF margin-734.4%-365pp

Returns & leverage

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Return on equity-27.1%-7.8pp
Debt / equity0.6×+0.1×
Current ratio6.8×-1.1×

Where this comes from

Reported directly by Geron in its filing.

Tagged under the XBRL concept gern:ProceedsFromSaleOfFutureRoyalties.

The official record: Geron’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Geron's proceeds from sale of future royalties?
Geron (GERN) reported proceeds from sale of future royalties of $0 in Q4 2025.
How has Geron's proceeds from sale of future royalties changed year-over-year?
Geron's proceeds from sale of future royalties decreased by 100.0% year-over-year, from $31.25M to $0.
What does proceeds from sale of future royalties mean?
This metric measures the upfront cash received by a company in exchange for granting a third party the rights to a portion of future revenue streams, such as royalties or milestone payments from drug sales. It is a strategic financing tool used by biopharmaceutical firms to secure non-dilutive capital for R&D without issuing new equity. While it provides immediate liquidity, it represents a trade-off against future potential revenue and long-term profitability.