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Side-by-side financial comparison of GERON CORP (GERN) and Himalaya Shipping Ltd. (HSHP). Click either name above to swap in a different company.

GERON CORP is the larger business by last-quarter revenue ($47.2M vs $29.9M, roughly 1.6× Himalaya Shipping Ltd.). Himalaya Shipping Ltd. runs the higher net margin — 3.7% vs -39.0%, a 42.7% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs -4.2%).

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

Himalaya Shipping Ltd. is a global maritime transportation enterprise focused on dry bulk shipping operations. It operates a fleet of modern, fuel-efficient bulk carriers that transport key commodities including iron ore, coal, grain and other bulk raw materials, serving core trade routes across Asia, Europe, and the Americas to support global industrial and agricultural supply chain flows.

GERN vs HSHP — Head-to-Head

Bigger by revenue
GERN
GERN
1.6× larger
GERN
$47.2M
$29.9M
HSHP
Growing faster (revenue YoY)
GERN
GERN
+71.2% gap
GERN
67.1%
-4.2%
HSHP
Higher net margin
HSHP
HSHP
42.7% more per $
HSHP
3.7%
-39.0%
GERN

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
GERN
GERN
HSHP
HSHP
Revenue
$47.2M
$29.9M
Net Profit
$-18.4M
$1.1M
Gross Margin
76.3%
Operating Margin
-29.4%
45.5%
Net Margin
-39.0%
3.7%
Revenue YoY
67.1%
-4.2%
Net Profit YoY
30.3%
-84.1%
EPS (diluted)
$-0.03
$0.02

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
GERN
GERN
HSHP
HSHP
Q3 25
$47.2M
Q2 25
$49.0M
$29.9M
Q1 25
$39.6M
Q3 24
$28.3M
Q2 24
$882.0K
$31.2M
Q1 24
$304.0K
Q4 23
$23.0K
Q3 23
$164.0K
Net Profit
GERN
GERN
HSHP
HSHP
Q3 25
$-18.4M
Q2 25
$-16.4M
$1.1M
Q1 25
$-19.8M
Q3 24
$-26.4M
Q2 24
$-67.4M
$6.9M
Q1 24
$-55.4M
Q4 23
Q3 23
$-44.8M
Gross Margin
GERN
GERN
HSHP
HSHP
Q3 25
Q2 25
76.3%
Q1 25
Q3 24
Q2 24
82.1%
Q1 24
Q4 23
Q3 23
Operating Margin
GERN
GERN
HSHP
HSHP
Q3 25
-29.4%
Q2 25
-25.4%
45.5%
Q1 25
-42.2%
Q3 24
-99.8%
Q2 24
-7860.9%
56.1%
Q1 24
-18465.1%
Q4 23
Q3 23
-29031.7%
Net Margin
GERN
GERN
HSHP
HSHP
Q3 25
-39.0%
Q2 25
-33.4%
3.7%
Q1 25
-50.1%
Q3 24
-93.5%
Q2 24
-7639.8%
22.1%
Q1 24
-18220.4%
Q4 23
Q3 23
-27320.1%
EPS (diluted)
GERN
GERN
HSHP
HSHP
Q3 25
$-0.03
Q2 25
$-0.02
$0.02
Q1 25
$-0.03
Q3 24
$-0.04
Q2 24
$-0.10
$0.16
Q1 24
$-0.09
Q4 23
Q3 23
$-0.08

Balance Sheet & Financial Strength

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

Metric
GERN
GERN
HSHP
HSHP
Cash + ST InvestmentsLiquidity on hand
$78.1M
$24.7M
Total DebtLower is stronger
$701.3M
Stockholders' EquityBook value
$248.7M
$159.3M
Total Assets
$567.4M
$871.9M
Debt / EquityLower = less leverage
4.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GERN
GERN
HSHP
HSHP
Q3 25
$78.1M
Q2 25
$77.7M
$24.7M
Q1 25
$83.7M
Q3 24
$60.3M
Q2 24
$116.9M
$21.9M
Q1 24
$189.8M
Q4 23
$70.0M
Q3 23
$30.7M
Total Debt
GERN
GERN
HSHP
HSHP
Q3 25
Q2 25
$701.3M
Q1 25
Q3 24
Q2 24
$725.5M
Q1 24
Q4 23
Q3 23
Stockholders' Equity
GERN
GERN
HSHP
HSHP
Q3 25
$248.7M
Q2 25
$259.5M
$159.3M
Q1 25
$268.2M
Q3 24
$292.3M
Q2 24
$306.7M
$157.2M
Q1 24
$344.9M
Q4 23
$247.9M
Q3 23
$290.6M
Total Assets
GERN
GERN
HSHP
HSHP
Q3 25
$567.4M
Q2 25
$555.2M
$871.9M
Q1 25
$562.5M
Q3 24
$444.9M
Q2 24
$449.4M
$897.3M
Q1 24
$482.1M
Q4 23
$394.1M
Q3 23
$413.0M
Debt / Equity
GERN
GERN
HSHP
HSHP
Q3 25
Q2 25
4.40×
Q1 25
Q3 24
Q2 24
4.61×
Q1 24
Q4 23
Q3 23

Cash Flow & Capital Efficiency

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

Metric
GERN
GERN
HSHP
HSHP
Operating Cash FlowLast quarter
$-13.6M
$8.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
7.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GERN
GERN
HSHP
HSHP
Q3 25
$-13.6M
Q2 25
$-27.4M
$8.3M
Q1 25
$-48.0M
Q3 24
$-58.9M
Q2 24
$-53.5M
$17.6M
Q1 24
$-62.3M
Q4 23
$-167.7M
Q3 23
$-50.8M
Free Cash Flow
GERN
GERN
HSHP
HSHP
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$-53.7M
Q1 24
$-62.9M
Q4 23
$-168.6M
Q3 23
$-51.0M
FCF Margin
GERN
GERN
HSHP
HSHP
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
-6086.6%
Q1 24
-20680.3%
Q4 23
-732926.1%
Q3 23
-31116.5%
Capex Intensity
GERN
GERN
HSHP
HSHP
Q3 25
Q2 25
Q1 25
Q3 24
0.0%
Q2 24
23.4%
Q1 24
202.3%
Q4 23
3608.7%
Q3 23
117.1%
Cash Conversion
GERN
GERN
HSHP
HSHP
Q3 25
Q2 25
7.55×
Q1 25
Q3 24
Q2 24
2.55×
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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