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Side-by-side financial comparison of Atlanta Braves Holdings, Inc. (BATRA) and GERON CORP (GERN). Click either name above to swap in a different company.

Atlanta Braves Holdings, Inc. is the larger business by last-quarter revenue ($61.3M vs $47.2M, roughly 1.3× GERON CORP). GERON CORP runs the higher net margin — -39.0% vs -67.6%, a 28.6% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs 17.6%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs -52.5%).

Atlanta Braves Holdings, Inc. is a sports and entertainment holding company that owns and operates the Atlanta Braves MLB franchise. It also manages adjacent mixed-use real estate, live events, merchandise sales, and media operations, serving fans across the U.S. Southeast and global baseball audiences.

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

BATRA vs GERN — Head-to-Head

Bigger by revenue
BATRA
BATRA
1.3× larger
BATRA
$61.3M
$47.2M
GERN
Growing faster (revenue YoY)
GERN
GERN
+49.4% gap
GERN
67.1%
17.6%
BATRA
Higher net margin
GERN
GERN
28.6% more per $
GERN
-39.0%
-67.6%
BATRA
Faster 2-yr revenue CAGR
GERN
GERN
Annualised
GERN
1597.0%
-52.5%
BATRA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BATRA
BATRA
GERN
GERN
Revenue
$61.3M
$47.2M
Net Profit
$-41.4M
$-18.4M
Gross Margin
Operating Margin
-81.2%
-29.4%
Net Margin
-67.6%
-39.0%
Revenue YoY
17.6%
67.1%
Net Profit YoY
-116.7%
30.3%
EPS (diluted)
$-0.64
$-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
BATRA
BATRA
GERN
GERN
Q4 25
$61.3M
Q3 25
$311.5M
$47.2M
Q2 25
$312.4M
$49.0M
Q1 25
$47.2M
$39.6M
Q4 24
$52.1M
Q3 24
$290.7M
$28.3M
Q2 24
$282.9M
$882.0K
Q1 24
$304.0K
Net Profit
BATRA
BATRA
GERN
GERN
Q4 25
$-41.4M
Q3 25
$30.0M
$-18.4M
Q2 25
$29.5M
$-16.4M
Q1 25
$-41.4M
$-19.8M
Q4 24
$-19.1M
Q3 24
$10.0M
$-26.4M
Q2 24
$29.1M
$-67.4M
Q1 24
$-55.4M
Operating Margin
BATRA
BATRA
GERN
GERN
Q4 25
-81.2%
Q3 25
12.5%
-29.4%
Q2 25
13.4%
-25.4%
Q1 25
-94.2%
-42.2%
Q4 24
-35.8%
Q3 24
2.2%
-99.8%
Q2 24
8.8%
-7860.9%
Q1 24
-18465.1%
Net Margin
BATRA
BATRA
GERN
GERN
Q4 25
-67.6%
Q3 25
9.6%
-39.0%
Q2 25
9.4%
-33.4%
Q1 25
-87.7%
-50.1%
Q4 24
-36.7%
Q3 24
3.4%
-93.5%
Q2 24
10.3%
-7639.8%
Q1 24
-18220.4%
EPS (diluted)
BATRA
BATRA
GERN
GERN
Q4 25
$-0.64
Q3 25
$0.47
$-0.03
Q2 25
$0.46
$-0.02
Q1 25
$-0.66
$-0.03
Q4 24
$-0.29
Q3 24
$0.16
$-0.04
Q2 24
$0.46
$-0.10
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
BATRA
BATRA
GERN
GERN
Cash + ST InvestmentsLiquidity on hand
$99.9M
$78.1M
Total DebtLower is stronger
$738.6M
Stockholders' EquityBook value
$526.0M
$248.7M
Total Assets
$1.6B
$567.4M
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATRA
BATRA
GERN
GERN
Q4 25
$99.9M
Q3 25
$82.2M
$78.1M
Q2 25
$96.2M
$77.7M
Q1 25
$244.7M
$83.7M
Q4 24
$110.1M
Q3 24
$100.9M
$60.3M
Q2 24
$121.2M
$116.9M
Q1 24
$189.8M
Total Debt
BATRA
BATRA
GERN
GERN
Q4 25
$738.6M
Q3 25
$759.9M
Q2 25
$703.1M
Q1 25
$699.5M
Q4 24
$617.1M
Q3 24
$640.1M
Q2 24
$600.0M
Q1 24
Stockholders' Equity
BATRA
BATRA
GERN
GERN
Q4 25
$526.0M
Q3 25
$560.3M
$248.7M
Q2 25
$522.8M
$259.5M
Q1 25
$486.1M
$268.2M
Q4 24
$524.2M
Q3 24
$530.4M
$292.3M
Q2 24
$512.7M
$306.7M
Q1 24
$344.9M
Total Assets
BATRA
BATRA
GERN
GERN
Q4 25
$1.6B
Q3 25
$1.7B
$567.4M
Q2 25
$1.7B
$555.2M
Q1 25
$1.7B
$562.5M
Q4 24
$1.5B
Q3 24
$1.6B
$444.9M
Q2 24
$1.6B
$449.4M
Q1 24
$482.1M
Debt / Equity
BATRA
BATRA
GERN
GERN
Q4 25
1.40×
Q3 25
1.36×
Q2 25
1.34×
Q1 25
1.44×
Q4 24
1.18×
Q3 24
1.21×
Q2 24
1.17×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BATRA
BATRA
GERN
GERN
Operating Cash FlowLast quarter
$26.4M
$-13.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATRA
BATRA
GERN
GERN
Q4 25
$26.4M
Q3 25
$-88.8M
$-13.6M
Q2 25
$-8.1M
$-27.4M
Q1 25
$95.8M
$-48.0M
Q4 24
$28.9M
Q3 24
$-69.0M
$-58.9M
Q2 24
$-34.3M
$-53.5M
Q1 24
$-62.3M
Free Cash Flow
BATRA
BATRA
GERN
GERN
Q4 25
Q3 25
Q2 25
$-82.3M
Q1 25
$76.3M
Q4 24
$16.8M
Q3 24
$-85.5M
Q2 24
$-64.1M
$-53.7M
Q1 24
$-62.9M
FCF Margin
BATRA
BATRA
GERN
GERN
Q4 25
Q3 25
Q2 25
-26.3%
Q1 25
161.5%
Q4 24
32.3%
Q3 24
-29.4%
Q2 24
-22.7%
-6086.6%
Q1 24
-20680.3%
Capex Intensity
BATRA
BATRA
GERN
GERN
Q4 25
0.0%
Q3 25
0.0%
Q2 25
23.7%
Q1 25
41.3%
Q4 24
23.2%
Q3 24
5.7%
0.0%
Q2 24
10.5%
23.4%
Q1 24
202.3%
Cash Conversion
BATRA
BATRA
GERN
GERN
Q4 25
Q3 25
-2.96×
Q2 25
-0.28×
Q1 25
Q4 24
Q3 24
-6.89×
Q2 24
-1.18×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BATRA
BATRA

Baseball$34.8M57%
Mixed Use Development Segment$26.5M43%

GERN
GERN

Segment breakdown not available.

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