Filing Flows › Geron (GERN) › Q3 2025
Geron (GERN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Geron (GERN) reported revenue of $47.2M for the third quarter 2025 (Q3 2025), +67% from a year earlier and -4% from the quarter before. Operating margin was -29.4%, net loss $18.4M (39.0% of revenue).
Geron, Q3 2025: revenue $47.2M (+67% year over year), operating margin -29.4%, net loss $18.4M, operating cash flow −$13.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.2M | -4% | +67% |
| Operating profit | −$13.9M | — | — |
| Net earnings | −$18.4M | — | — |
| Operating cash flow | −$13.6M | — | — |
What changed
Revenue was $47.2M in Q3 2025, up 67% year over year and down 4% from the previous quarter. Product revenue, net was the largest line at 100% of revenue. Product revenue, net added $19.0M year over year (up 67%), 100% of the total change. Royalties declined 3%.
Operating costs exceeded revenue by $13.9M, an operating margin of -29.4%. Total costs grew 8% against revenue growth of 67%. The fastest-growing cost line was Other operating costs (+129%). The quarter ended with a net loss of $18.4M, wider than the previous quarter's $16.4M loss.
Operating cash flow was −$13.6M. Non-cash charges added back $128K of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $2.0M.
Questions
What was Geron's revenue in the third quarter 2025?
Geron (GERN) reported revenue of $47.2M for the third quarter 2025 (Q3 2025), +67% from a year earlier and -4% from the quarter before.
Was Geron profitable in the third quarter 2025?
Operating loss was $13.9M (-29.4% of revenue) and net loss $18.4M.
Source: Geron 10-Q on SEC EDGAR.