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Side-by-side financial comparison of BATTALION OIL CORP (BATL) and GERON CORP (GERN). Click either name above to swap in a different company.

GERON CORP is the larger business by last-quarter revenue ($47.2M vs $31.6M, roughly 1.5× BATTALION OIL CORP). BATTALION OIL CORP runs the higher net margin — 5.7% vs -39.0%, a 44.7% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs -36.1%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs -20.1%).

Battalion Oil Corp is an independent energy company engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. It primarily operates assets in the Eagle Ford Shale region of South Texas, serving commercial and industrial clients across North American energy markets.

Geron Corporation is a biotechnology company located in Foster City, California which specializes in developing and commercializing therapeutic products for cancer that inhibit telomerase.

BATL vs GERN — Head-to-Head

Bigger by revenue
GERN
GERN
1.5× larger
GERN
$47.2M
$31.6M
BATL
Growing faster (revenue YoY)
GERN
GERN
+103.2% gap
GERN
67.1%
-36.1%
BATL
Higher net margin
BATL
BATL
44.7% more per $
BATL
5.7%
-39.0%
GERN
Faster 2-yr revenue CAGR
GERN
GERN
Annualised
GERN
1597.0%
-20.1%
BATL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BATL
BATL
GERN
GERN
Revenue
$31.6M
$47.2M
Net Profit
$1.8M
$-18.4M
Gross Margin
Operating Margin
-33.8%
-29.4%
Net Margin
5.7%
-39.0%
Revenue YoY
-36.1%
67.1%
Net Profit YoY
108.1%
30.3%
EPS (diluted)
$-0.77
$-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.

Revenue
BATL
BATL
GERN
GERN
Q4 25
$31.6M
Q3 25
$43.4M
$47.2M
Q2 25
$42.6M
$49.0M
Q1 25
$47.4M
$39.6M
Q4 24
$49.5M
Q3 24
$45.1M
$28.3M
Q2 24
$49.1M
$882.0K
Q1 24
$49.5M
$304.0K
Net Profit
BATL
BATL
GERN
GERN
Q4 25
$1.8M
Q3 25
$-735.0K
$-18.4M
Q2 25
$4.8M
$-16.4M
Q1 25
$6.0M
$-19.8M
Q4 24
$-22.2M
Q3 24
$21.6M
$-26.4M
Q2 24
$-105.0K
$-67.4M
Q1 24
$-31.2M
$-55.4M
Operating Margin
BATL
BATL
GERN
GERN
Q4 25
-33.8%
Q3 25
1.9%
-29.4%
Q2 25
-0.4%
-25.4%
Q1 25
7.2%
-42.2%
Q4 24
-36.2%
Q3 24
2.3%
-99.8%
Q2 24
10.4%
-7860.9%
Q1 24
0.0%
-18465.1%
Net Margin
BATL
BATL
GERN
GERN
Q4 25
5.7%
Q3 25
-1.7%
-39.0%
Q2 25
11.3%
-33.4%
Q1 25
12.7%
-50.1%
Q4 24
-44.9%
Q3 24
48.0%
-93.5%
Q2 24
-0.2%
-7639.8%
Q1 24
-63.0%
-18220.4%
EPS (diluted)
BATL
BATL
GERN
GERN
Q4 25
$-0.77
Q3 25
$-0.91
$-0.03
Q2 25
$-0.21
$-0.02
Q1 25
$-0.35
$-0.03
Q4 24
$-1.47
Q3 24
$0.34
$-0.04
Q2 24
$-0.53
$-0.10
Q1 24
$-2.24
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BATL
BATL
GERN
GERN
Cash + ST InvestmentsLiquidity on hand
$28.0M
$78.1M
Total DebtLower is stronger
$208.1M
Stockholders' EquityBook value
$-32.8M
$248.7M
Total Assets
$460.7M
$567.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATL
BATL
GERN
GERN
Q4 25
$28.0M
Q3 25
$50.5M
$78.1M
Q2 25
$44.6M
$77.7M
Q1 25
$73.6M
$83.7M
Q4 24
$19.7M
Q3 24
$29.8M
$60.3M
Q2 24
$54.4M
$116.9M
Q1 24
$48.9M
$189.8M
Total Debt
BATL
BATL
GERN
GERN
Q4 25
$208.1M
Q3 25
$213.8M
Q2 25
$219.4M
Q1 25
$225.1M
Q4 24
$162.1M
Q3 24
$147.8M
Q2 24
$160.4M
Q1 24
$190.2M
Stockholders' Equity
BATL
BATL
GERN
GERN
Q4 25
$-32.8M
Q3 25
$-20.3M
$248.7M
Q2 25
$-5.2M
$259.5M
Q1 25
$-1.8M
$268.2M
Q4 24
$4.1M
Q3 24
$35.0M
$292.3M
Q2 24
$22.7M
$306.7M
Q1 24
$31.3M
$344.9M
Total Assets
BATL
BATL
GERN
GERN
Q4 25
$460.7M
Q3 25
$491.7M
$567.4M
Q2 25
$498.8M
$555.2M
Q1 25
$506.2M
$562.5M
Q4 24
$431.0M
Q3 24
$458.0M
$444.9M
Q2 24
$487.3M
$449.4M
Q1 24
$488.6M
$482.1M
Debt / Equity
BATL
BATL
GERN
GERN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
39.35×
Q3 24
4.23×
Q2 24
7.07×
Q1 24
6.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BATL
BATL
GERN
GERN
Operating Cash FlowLast quarter
$-11.8M
$-13.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-6.58×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATL
BATL
GERN
GERN
Q4 25
$-11.8M
Q3 25
$28.0M
$-13.6M
Q2 25
$10.2M
$-27.4M
Q1 25
$12.7M
$-48.0M
Q4 24
$6.7M
Q3 24
$-5.1M
$-58.9M
Q2 24
$29.8M
$-53.5M
Q1 24
$3.9M
$-62.3M
Free Cash Flow
BATL
BATL
GERN
GERN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-53.7M
Q1 24
$-62.9M
FCF Margin
BATL
BATL
GERN
GERN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-6086.6%
Q1 24
-20680.3%
Capex Intensity
BATL
BATL
GERN
GERN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
23.4%
Q1 24
202.3%
Cash Conversion
BATL
BATL
GERN
GERN
Q4 25
-6.58×
Q3 25
Q2 25
2.13×
Q1 25
2.11×
Q4 24
Q3 24
-0.23×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BATL
BATL

Oil$28.6M91%
Natural Gas Liquids Reserves$3.9M12%

GERN
GERN

Segment breakdown not available.

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