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Side-by-side financial comparison of GERON CORP (GERN) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.
indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $47.2M, roughly 1.2× GERON CORP). GERON CORP runs the higher net margin — -39.0% vs -53.8%, a 14.8% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs -0.0%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs 5.3%).
Geron Corporation is a biotechnology company located in Foster City, California which specializes in developing and commercializing therapeutic products for cancer that inhibit telomerase.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
GERN vs INDI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.2M | $58.0M |
| Net Profit | $-18.4M | $-31.2M |
| Gross Margin | — | 37.3% |
| Operating Margin | -29.4% | -58.5% |
| Net Margin | -39.0% | -53.8% |
| Revenue YoY | 67.1% | -0.0% |
| Net Profit YoY | 30.3% | 9.1% |
| EPS (diluted) | $-0.03 | $-0.16 |
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 | — | $58.0M | ||
| Q3 25 | $47.2M | $53.7M | ||
| Q2 25 | $49.0M | $51.6M | ||
| Q1 25 | $39.6M | $54.1M | ||
| Q4 24 | — | $58.0M | ||
| Q3 24 | $28.3M | $54.0M | ||
| Q2 24 | $882.0K | $52.4M | ||
| Q1 24 | $304.0K | $52.4M |
| Q4 25 | — | $-31.2M | ||
| Q3 25 | $-18.4M | $-38.3M | ||
| Q2 25 | $-16.4M | $-39.0M | ||
| Q1 25 | $-19.8M | $-34.5M | ||
| Q4 24 | — | $-34.4M | ||
| Q3 24 | $-26.4M | $-49.7M | ||
| Q2 24 | $-67.4M | $-19.2M | ||
| Q1 24 | $-55.4M | $-31.2M |
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 40.1% | ||
| Q2 25 | — | 40.6% | ||
| Q1 25 | — | 41.7% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | — | 42.2% | ||
| Q1 24 | — | 42.5% |
| Q4 25 | — | -58.5% | ||
| Q3 25 | -29.4% | -71.4% | ||
| Q2 25 | -25.4% | -83.3% | ||
| Q1 25 | -42.2% | -72.0% | ||
| Q4 24 | — | -58.4% | ||
| Q3 24 | -99.8% | -92.5% | ||
| Q2 24 | -7860.9% | -70.0% | ||
| Q1 24 | -18465.1% | -94.8% |
| Q4 25 | — | -53.8% | ||
| Q3 25 | -39.0% | -71.3% | ||
| Q2 25 | -33.4% | -75.6% | ||
| Q1 25 | -50.1% | -63.9% | ||
| Q4 24 | — | -59.2% | ||
| Q3 24 | -93.5% | -92.1% | ||
| Q2 24 | -7639.8% | -36.6% | ||
| Q1 24 | -18220.4% | -59.6% |
| Q4 25 | — | $-0.16 | ||
| Q3 25 | $-0.03 | $-0.19 | ||
| Q2 25 | $-0.02 | $-0.20 | ||
| Q1 25 | $-0.03 | $-0.18 | ||
| Q4 24 | — | $-0.18 | ||
| Q3 24 | $-0.04 | $-0.28 | ||
| Q2 24 | $-0.10 | $-0.11 | ||
| Q1 24 | $-0.09 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.1M | $145.5M |
| Total DebtLower is stronger | — | $353.4M |
| Stockholders' EquityBook value | $248.7M | $358.0M |
| Total Assets | $567.4M | $840.8M |
| Debt / EquityLower = less leverage | — | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $145.5M | ||
| Q3 25 | $78.1M | $160.9M | ||
| Q2 25 | $77.7M | $192.6M | ||
| Q1 25 | $83.7M | $236.6M | ||
| Q4 24 | — | $274.2M | ||
| Q3 24 | $60.3M | $96.9M | ||
| Q2 24 | $116.9M | $112.3M | ||
| Q1 24 | $189.8M | $138.2M |
| Q4 25 | — | $353.4M | ||
| Q3 25 | — | $353.5M | ||
| Q2 25 | — | $352.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $358.0M | ||
| Q3 25 | $248.7M | $369.2M | ||
| Q2 25 | $259.5M | $390.4M | ||
| Q1 25 | $268.2M | $405.6M | ||
| Q4 24 | — | $417.9M | ||
| Q3 24 | $292.3M | $458.6M | ||
| Q2 24 | $306.7M | $470.7M | ||
| Q1 24 | $344.9M | $432.9M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | $567.4M | $855.1M | ||
| Q2 25 | $555.2M | $867.6M | ||
| Q1 25 | $562.5M | $909.0M | ||
| Q4 24 | — | $941.4M | ||
| Q3 24 | $444.9M | $797.5M | ||
| Q2 24 | $449.4M | $797.3M | ||
| Q1 24 | $482.1M | $803.6M |
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-13.6M | $-14.4M |
| Free Cash FlowOCF − Capex | — | $-16.1M |
| FCF MarginFCF / Revenue | — | -27.8% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-14.4M | ||
| Q3 25 | $-13.6M | $-6.2M | ||
| Q2 25 | $-27.4M | $-7.6M | ||
| Q1 25 | $-48.0M | $-29.0M | ||
| Q4 24 | — | $-6.7M | ||
| Q3 24 | $-58.9M | $-22.8M | ||
| Q2 24 | $-53.5M | $-19.7M | ||
| Q1 24 | $-62.3M | $-9.3M |
| Q4 25 | — | $-16.1M | ||
| Q3 25 | — | $-10.3M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $-31.4M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $-29.3M | ||
| Q2 24 | $-53.7M | $-23.4M | ||
| Q1 24 | $-62.9M | $-11.7M |
| Q4 25 | — | -27.8% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | -26.4% | ||
| Q1 25 | — | -58.0% | ||
| Q4 24 | — | -14.8% | ||
| Q3 24 | — | -54.3% | ||
| Q2 24 | -6086.6% | -44.7% | ||
| Q1 24 | -20680.3% | -22.3% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 0.0% | 12.1% | ||
| Q2 24 | 23.4% | 7.0% | ||
| Q1 24 | 202.3% | 4.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GERN
Segment breakdown not available.
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
