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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and GERON CORP (GERN). Click either name above to swap in a different company.
Apollo Commercial Real Estate Finance, Inc. is the larger business by last-quarter revenue ($73.3M vs $47.2M, roughly 1.6× GERON CORP). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -39.0%, a 78.9% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs 4.0%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs -4.6%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
Geron Corporation is a biotechnology company located in Foster City, California which specializes in developing and commercializing therapeutic products for cancer that inhibit telomerase.
ARI vs GERN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $47.2M |
| Net Profit | $29.2M | $-18.4M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | -29.4% |
| Net Margin | 39.9% | -39.0% |
| Revenue YoY | 4.0% | 67.1% |
| Net Profit YoY | -28.2% | 30.3% |
| EPS (diluted) | $0.19 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $73.3M | — | ||
| Q3 25 | $61.6M | $47.2M | ||
| Q2 25 | $70.9M | $49.0M | ||
| Q1 25 | $65.8M | $39.6M | ||
| Q4 24 | $70.5M | — | ||
| Q3 24 | $71.6M | $28.3M | ||
| Q2 24 | $81.1M | $882.0K | ||
| Q1 24 | $80.5M | $304.0K |
| Q4 25 | $29.2M | — | ||
| Q3 25 | $50.8M | $-18.4M | ||
| Q2 25 | $20.7M | $-16.4M | ||
| Q1 25 | $26.0M | $-19.8M | ||
| Q4 24 | $40.7M | — | ||
| Q3 24 | $-91.5M | $-26.4M | ||
| Q2 24 | $35.8M | $-67.4M | ||
| Q1 24 | $-104.5M | $-55.4M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 82.8% | -29.4% | ||
| Q2 25 | 29.4% | -25.4% | ||
| Q1 25 | 39.7% | -42.2% | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | -127.8% | -99.8% | ||
| Q2 24 | 44.2% | -7860.9% | ||
| Q1 24 | -129.6% | -18465.1% |
| Q4 25 | 39.9% | — | ||
| Q3 25 | 82.4% | -39.0% | ||
| Q2 25 | 29.3% | -33.4% | ||
| Q1 25 | 39.5% | -50.1% | ||
| Q4 24 | 57.7% | — | ||
| Q3 24 | -127.9% | -93.5% | ||
| Q2 24 | 44.1% | -7639.8% | ||
| Q1 24 | -129.8% | -18220.4% |
| Q4 25 | $0.19 | — | ||
| Q3 25 | $0.34 | $-0.03 | ||
| Q2 25 | $0.12 | $-0.02 | ||
| Q1 25 | $0.16 | $-0.03 | ||
| Q4 24 | $0.25 | — | ||
| Q3 24 | $-0.69 | $-0.04 | ||
| Q2 24 | $0.23 | $-0.10 | ||
| Q1 24 | $-0.76 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.8M | $78.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $248.7M |
| Total Assets | $9.9B | $567.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | — | ||
| Q3 25 | $245.9M | $78.1M | ||
| Q2 25 | $177.6M | $77.7M | ||
| Q1 25 | $166.4M | $83.7M | ||
| Q4 24 | $317.4M | — | ||
| Q3 24 | $194.3M | $60.3M | ||
| Q2 24 | $174.7M | $116.9M | ||
| Q1 24 | $161.2M | $189.8M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $248.7M | ||
| Q2 25 | $1.8B | $259.5M | ||
| Q1 25 | $1.9B | $268.2M | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | $292.3M | ||
| Q2 24 | $2.0B | $306.7M | ||
| Q1 24 | $2.0B | $344.9M |
| Q4 25 | $9.9B | — | ||
| Q3 25 | $9.5B | $567.4M | ||
| Q2 25 | $9.8B | $555.2M | ||
| Q1 25 | $8.8B | $562.5M | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $9.1B | $444.9M | ||
| Q2 24 | $9.3B | $449.4M | ||
| Q1 24 | $9.2B | $482.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $142.5M | $-13.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | — | ||
| Q3 25 | $31.7M | $-13.6M | ||
| Q2 25 | $63.2M | $-27.4M | ||
| Q1 25 | $39.3M | $-48.0M | ||
| Q4 24 | $200.3M | — | ||
| Q3 24 | $47.2M | $-58.9M | ||
| Q2 24 | $50.2M | $-53.5M | ||
| Q1 24 | $52.8M | $-62.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-53.7M | ||
| Q1 24 | — | $-62.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -6086.6% | ||
| Q1 24 | — | -20680.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 23.4% | ||
| Q1 24 | — | 202.3% |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
