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Side-by-side financial comparison of GERON CORP (GERN) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $47.2M, roughly 1.5× GERON CORP). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs -39.0%, a 423.1% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs 21.2%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs 53.7%).

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

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

GERN vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.5× larger
RIGL
$69.8M
$47.2M
GERN
Growing faster (revenue YoY)
GERN
GERN
+45.9% gap
GERN
67.1%
21.2%
RIGL
Higher net margin
RIGL
RIGL
423.1% more per $
RIGL
384.0%
-39.0%
GERN
Faster 2-yr revenue CAGR
GERN
GERN
Annualised
GERN
1597.0%
53.7%
RIGL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GERN
GERN
RIGL
RIGL
Revenue
$47.2M
$69.8M
Net Profit
$-18.4M
$268.1M
Gross Margin
91.5%
Operating Margin
-29.4%
33.2%
Net Margin
-39.0%
384.0%
Revenue YoY
67.1%
21.2%
Net Profit YoY
30.3%
1769.2%
EPS (diluted)
$-0.03
$14.11

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
RIGL
RIGL
Q4 25
$69.8M
Q3 25
$47.2M
$69.5M
Q2 25
$49.0M
$101.7M
Q1 25
$39.6M
$53.3M
Q4 24
$57.6M
Q3 24
$28.3M
$55.3M
Q2 24
$882.0K
$36.8M
Q1 24
$304.0K
$29.5M
Net Profit
GERN
GERN
RIGL
RIGL
Q4 25
$268.1M
Q3 25
$-18.4M
$27.9M
Q2 25
$-16.4M
$59.6M
Q1 25
$-19.8M
$11.4M
Q4 24
$14.3M
Q3 24
$-26.4M
$12.4M
Q2 24
$-67.4M
$-1.0M
Q1 24
$-55.4M
$-8.2M
Gross Margin
GERN
GERN
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
GERN
GERN
RIGL
RIGL
Q4 25
33.2%
Q3 25
-29.4%
40.9%
Q2 25
-25.4%
60.1%
Q1 25
-42.2%
23.9%
Q4 24
28.9%
Q3 24
-99.8%
25.4%
Q2 24
-7860.9%
1.2%
Q1 24
-18465.1%
-23.6%
Net Margin
GERN
GERN
RIGL
RIGL
Q4 25
384.0%
Q3 25
-39.0%
40.2%
Q2 25
-33.4%
58.6%
Q1 25
-50.1%
21.5%
Q4 24
24.9%
Q3 24
-93.5%
22.5%
Q2 24
-7639.8%
-2.8%
Q1 24
-18220.4%
-27.9%
EPS (diluted)
GERN
GERN
RIGL
RIGL
Q4 25
$14.11
Q3 25
$-0.03
$1.46
Q2 25
$-0.02
$3.28
Q1 25
$-0.03
$0.63
Q4 24
$0.82
Q3 24
$-0.04
$0.70
Q2 24
$-0.10
$-0.06
Q1 24
$-0.09
$-0.47

Balance Sheet & Financial Strength

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

Metric
GERN
GERN
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$78.1M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$248.7M
$391.5M
Total Assets
$567.4M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GERN
GERN
RIGL
RIGL
Q4 25
$155.0M
Q3 25
$78.1M
$137.1M
Q2 25
$77.7M
$108.4M
Q1 25
$83.7M
$77.1M
Q4 24
$77.3M
Q3 24
$60.3M
$61.1M
Q2 24
$116.9M
$49.1M
Q1 24
$189.8M
$49.5M
Total Debt
GERN
GERN
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
GERN
GERN
RIGL
RIGL
Q4 25
$391.5M
Q3 25
$248.7M
$117.6M
Q2 25
$259.5M
$81.9M
Q1 25
$268.2M
$18.6M
Q4 24
$3.3M
Q3 24
$292.3M
$-14.6M
Q2 24
$306.7M
$-29.9M
Q1 24
$344.9M
$-31.7M
Total Assets
GERN
GERN
RIGL
RIGL
Q4 25
$513.6M
Q3 25
$567.4M
$242.5M
Q2 25
$555.2M
$206.7M
Q1 25
$562.5M
$176.0M
Q4 24
$164.0M
Q3 24
$444.9M
$139.4M
Q2 24
$449.4M
$128.4M
Q1 24
$482.1M
$126.5M
Debt / Equity
GERN
GERN
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
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
GERN
GERN
RIGL
RIGL
Operating Cash FlowLast quarter
$-13.6M
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GERN
GERN
RIGL
RIGL
Q4 25
$22.0M
Q3 25
$-13.6M
$24.0M
Q2 25
$-27.4M
$30.5M
Q1 25
$-48.0M
$-893.0K
Q4 24
$14.5M
Q3 24
$-58.9M
$21.7M
Q2 24
$-53.5M
$302.0K
Q1 24
$-62.3M
$-5.0M
Free Cash Flow
GERN
GERN
RIGL
RIGL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-53.7M
Q1 24
$-62.9M
FCF Margin
GERN
GERN
RIGL
RIGL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-6086.6%
Q1 24
-20680.3%
Capex Intensity
GERN
GERN
RIGL
RIGL
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
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24

Financial Flow Comparison

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

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