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Side-by-side financial comparison of GERON CORP (GERN) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.

Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $47.2M, roughly 2.0× GERON CORP). On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs 2.3%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs 13.7%).

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

Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...

GERN vs PACK — Head-to-Head

Bigger by revenue
PACK
PACK
2.0× larger
PACK
$93.7M
$47.2M
GERN
Growing faster (revenue YoY)
GERN
GERN
+64.8% gap
GERN
67.1%
2.3%
PACK
Faster 2-yr revenue CAGR
GERN
GERN
Annualised
GERN
1597.0%
13.7%
PACK

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GERN
GERN
PACK
PACK
Revenue
$47.2M
$93.7M
Net Profit
$-18.4M
Gross Margin
39.0%
Operating Margin
-29.4%
-1.0%
Net Margin
-39.0%
Revenue YoY
67.1%
2.3%
Net Profit YoY
30.3%
EPS (diluted)
$-0.03
$-0.11

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
PACK
PACK
Q4 25
$93.7M
Q3 25
$47.2M
$83.6M
Q2 25
$49.0M
$77.8M
Q1 25
$39.6M
$77.6M
Q4 24
$91.6M
Q3 24
$28.3M
$78.6M
Q2 24
$882.0K
$72.8M
Q1 24
$304.0K
$72.5M
Net Profit
GERN
GERN
PACK
PACK
Q4 25
Q3 25
$-18.4M
$-10.4M
Q2 25
$-16.4M
$-7.5M
Q1 25
$-19.8M
$-10.9M
Q4 24
Q3 24
$-26.4M
$-8.1M
Q2 24
$-67.4M
$5.5M
Q1 24
$-55.4M
$-8.1M
Gross Margin
GERN
GERN
PACK
PACK
Q4 25
39.0%
Q3 25
41.1%
Q2 25
37.1%
Q1 25
39.8%
Q4 24
45.2%
Q3 24
43.8%
Q2 24
43.5%
Q1 24
44.6%
Operating Margin
GERN
GERN
PACK
PACK
Q4 25
-1.0%
Q3 25
-29.4%
-6.8%
Q2 25
-25.4%
-12.5%
Q1 25
-42.2%
-10.3%
Q4 24
1.5%
Q3 24
-99.8%
-5.3%
Q2 24
-7860.9%
-7.1%
Q1 24
-18465.1%
-6.6%
Net Margin
GERN
GERN
PACK
PACK
Q4 25
Q3 25
-39.0%
-12.4%
Q2 25
-33.4%
-9.6%
Q1 25
-50.1%
-14.0%
Q4 24
Q3 24
-93.5%
-10.3%
Q2 24
-7639.8%
7.6%
Q1 24
-18220.4%
-11.2%
EPS (diluted)
GERN
GERN
PACK
PACK
Q4 25
$-0.11
Q3 25
$-0.03
$-0.12
Q2 25
$-0.02
$-0.09
Q1 25
$-0.03
$-0.13
Q4 24
$-0.13
Q3 24
$-0.04
$-0.10
Q2 24
$-0.10
$0.07
Q1 24
$-0.09
$-0.10

Balance Sheet & Financial Strength

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

Metric
GERN
GERN
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$78.1M
$63.0M
Total DebtLower is stronger
$401.9M
Stockholders' EquityBook value
$248.7M
$534.9M
Total Assets
$567.4M
$1.1B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GERN
GERN
PACK
PACK
Q4 25
$63.0M
Q3 25
$78.1M
$49.9M
Q2 25
$77.7M
$49.2M
Q1 25
$83.7M
$65.5M
Q4 24
$76.1M
Q3 24
$60.3M
$69.5M
Q2 24
$116.9M
$65.1M
Q1 24
$189.8M
$55.1M
Total Debt
GERN
GERN
PACK
PACK
Q4 25
$401.9M
Q3 25
$403.1M
Q2 25
$403.1M
Q1 25
$405.2M
Q4 24
$406.4M
Q3 24
$403.2M
Q2 24
$396.1M
Q1 24
$396.7M
Stockholders' Equity
GERN
GERN
PACK
PACK
Q4 25
$534.9M
Q3 25
$248.7M
$537.8M
Q2 25
$259.5M
$539.0M
Q1 25
$268.2M
$544.1M
Q4 24
$548.1M
Q3 24
$292.3M
$564.3M
Q2 24
$306.7M
$566.2M
Q1 24
$344.9M
$560.0M
Total Assets
GERN
GERN
PACK
PACK
Q4 25
$1.1B
Q3 25
$567.4M
$1.1B
Q2 25
$555.2M
$1.1B
Q1 25
$562.5M
$1.1B
Q4 24
$1.1B
Q3 24
$444.9M
$1.1B
Q2 24
$449.4M
$1.1B
Q1 24
$482.1M
$1.1B
Debt / Equity
GERN
GERN
PACK
PACK
Q4 25
0.75×
Q3 25
0.75×
Q2 25
0.75×
Q1 25
0.74×
Q4 24
0.74×
Q3 24
0.71×
Q2 24
0.70×
Q1 24
0.71×

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
PACK
PACK
Operating Cash FlowLast quarter
$-13.6M
$19.5M
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
PACK
PACK
Q4 25
$19.5M
Q3 25
$-13.6M
$8.5M
Q2 25
$-27.4M
$-3.6M
Q1 25
$-48.0M
$-1.3M
Q4 24
$6.5M
Q3 24
$-58.9M
$10.1M
Q2 24
$-53.5M
$19.6M
Q1 24
$-62.3M
$5.2M
Free Cash Flow
GERN
GERN
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-53.7M
Q1 24
$-62.9M
FCF Margin
GERN
GERN
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-6086.6%
Q1 24
-20680.3%
Capex Intensity
GERN
GERN
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
23.4%
Q1 24
202.3%
Cash Conversion
GERN
GERN
PACK
PACK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.56×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GERN
GERN

Segment breakdown not available.

PACK
PACK

Other$47.9M51%
Europe And Asia Segment$45.8M49%

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