vs

Side-by-side financial comparison of GERON CORP (GERN) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

GERON CORP is the larger business by last-quarter revenue ($47.2M vs $25.9M, roughly 1.8× NaaS Technology Inc.). GERON CORP runs the higher net margin — -39.0% vs -193.3%, a 154.2% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 67.1%).

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

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

GERN vs NAAS — Head-to-Head

Bigger by revenue
GERN
GERN
1.8× larger
GERN
$47.2M
$25.9M
NAAS
Growing faster (revenue YoY)
NAAS
NAAS
+54.2% gap
NAAS
121.2%
67.1%
GERN
Higher net margin
GERN
GERN
154.2% more per $
GERN
-39.0%
-193.3%
NAAS

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
GERN
GERN
NAAS
NAAS
Revenue
$47.2M
$25.9M
Net Profit
$-18.4M
$-50.0M
Gross Margin
29.2%
Operating Margin
-29.4%
-144.2%
Net Margin
-39.0%
-193.3%
Revenue YoY
67.1%
121.2%
Net Profit YoY
30.3%
18.4%
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
NAAS
NAAS
Q3 25
$47.2M
Q2 25
$49.0M
Q1 25
$39.6M
Q3 24
$28.3M
Q2 24
$882.0K
$25.9M
Q1 24
$304.0K
Q4 23
$23.0K
Q3 23
$164.0K
Net Profit
GERN
GERN
NAAS
NAAS
Q3 25
$-18.4M
Q2 25
$-16.4M
Q1 25
$-19.8M
Q3 24
$-26.4M
Q2 24
$-67.4M
$-50.0M
Q1 24
$-55.4M
Q4 23
Q3 23
$-44.8M
Gross Margin
GERN
GERN
NAAS
NAAS
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
29.2%
Q1 24
Q4 23
Q3 23
Operating Margin
GERN
GERN
NAAS
NAAS
Q3 25
-29.4%
Q2 25
-25.4%
Q1 25
-42.2%
Q3 24
-99.8%
Q2 24
-7860.9%
-144.2%
Q1 24
-18465.1%
Q4 23
Q3 23
-29031.7%
Net Margin
GERN
GERN
NAAS
NAAS
Q3 25
-39.0%
Q2 25
-33.4%
Q1 25
-50.1%
Q3 24
-93.5%
Q2 24
-7639.8%
-193.3%
Q1 24
-18220.4%
Q4 23
Q3 23
-27320.1%
EPS (diluted)
GERN
GERN
NAAS
NAAS
Q3 25
$-0.03
Q2 25
$-0.02
Q1 25
$-0.03
Q3 24
$-0.04
Q2 24
$-0.10
$-0.02
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
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$78.1M
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$248.7M
$-33.4M
Total Assets
$567.4M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GERN
GERN
NAAS
NAAS
Q3 25
$78.1M
Q2 25
$77.7M
Q1 25
$83.7M
Q3 24
$60.3M
Q2 24
$116.9M
$24.7M
Q1 24
$189.8M
Q4 23
$70.0M
Q3 23
$30.7M
Stockholders' Equity
GERN
GERN
NAAS
NAAS
Q3 25
$248.7M
Q2 25
$259.5M
Q1 25
$268.2M
Q3 24
$292.3M
Q2 24
$306.7M
$-33.4M
Q1 24
$344.9M
Q4 23
$247.9M
Q3 23
$290.6M
Total Assets
GERN
GERN
NAAS
NAAS
Q3 25
$567.4M
Q2 25
$555.2M
Q1 25
$562.5M
Q3 24
$444.9M
Q2 24
$449.4M
$180.2M
Q1 24
$482.1M
Q4 23
$394.1M
Q3 23
$413.0M

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
NAAS
NAAS
Operating Cash FlowLast quarter
$-13.6M
$-25.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GERN
GERN
NAAS
NAAS
Q3 25
$-13.6M
Q2 25
$-27.4M
Q1 25
$-48.0M
Q3 24
$-58.9M
Q2 24
$-53.5M
$-25.7M
Q1 24
$-62.3M
Q4 23
$-167.7M
Q3 23
$-50.8M
Free Cash Flow
GERN
GERN
NAAS
NAAS
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
NAAS
NAAS
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
NAAS
NAAS
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%

Financial Flow Comparison

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

Related Comparisons