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Geron GERN Research and clinical expenses — R&D

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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 us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The official record: Geron’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Geron's research and clinical expenses — R&D?
Geron (GERN) reported research and clinical expenses — R&D of $13M in Q1 2026.
How has Geron's research and clinical expenses — R&D changed year-over-year?
Geron's research and clinical expenses — R&D decreased by 5.1% year-over-year, from $13.7M to $13M.
What does research and clinical expenses — R&D mean?
This metric represents the aggregate costs incurred by the company to support the advancement of its clinical-stage drug pipeline, including laboratory research, clinical trial execution, and regulatory development activities. It reflects the capital intensity of the company's core innovation efforts and its commitment to moving therapeutic candidates through the drug development lifecycle. Monitoring these expenses provides insight into the company's investment strategy for future product commercialization and its overall operational burn rate.