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Side-by-side financial comparison of GERON CORP (GERN) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.

GERON CORP is the larger business by last-quarter revenue ($47.2M vs $33.9M, roughly 1.4× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -39.0%, a 47.7% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs -0.1%). Over the past eight quarters, GERON CORP's revenue compounded faster (1597.0% CAGR vs -1.5%).

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

Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.

GERN vs SPOK — Head-to-Head

Bigger by revenue
GERN
GERN
1.4× larger
GERN
$47.2M
$33.9M
SPOK
Growing faster (revenue YoY)
GERN
GERN
+67.1% gap
GERN
67.1%
-0.1%
SPOK
Higher net margin
SPOK
SPOK
47.7% more per $
SPOK
8.7%
-39.0%
GERN
Faster 2-yr revenue CAGR
GERN
GERN
Annualised
GERN
1597.0%
-1.5%
SPOK

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GERN
GERN
SPOK
SPOK
Revenue
$47.2M
$33.9M
Net Profit
$-18.4M
$2.9M
Gross Margin
76.7%
Operating Margin
-29.4%
11.6%
Net Margin
-39.0%
8.7%
Revenue YoY
67.1%
-0.1%
Net Profit YoY
30.3%
-19.6%
EPS (diluted)
$-0.03
$0.13

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
SPOK
SPOK
Q4 25
$33.9M
Q3 25
$47.2M
$33.9M
Q2 25
$49.0M
$35.7M
Q1 25
$39.6M
$36.3M
Q4 24
$33.9M
Q3 24
$28.3M
$34.9M
Q2 24
$882.0K
$34.0M
Q1 24
$304.0K
$34.9M
Net Profit
GERN
GERN
SPOK
SPOK
Q4 25
$2.9M
Q3 25
$-18.4M
$3.2M
Q2 25
$-16.4M
$4.6M
Q1 25
$-19.8M
$5.2M
Q4 24
$3.6M
Q3 24
$-26.4M
$3.7M
Q2 24
$-67.4M
$3.4M
Q1 24
$-55.4M
$4.2M
Gross Margin
GERN
GERN
SPOK
SPOK
Q4 25
76.7%
Q3 25
78.3%
Q2 25
79.5%
Q1 25
80.1%
Q4 24
78.5%
Q3 24
79.5%
Q2 24
78.9%
Q1 24
79.5%
Operating Margin
GERN
GERN
SPOK
SPOK
Q4 25
11.6%
Q3 25
-29.4%
12.9%
Q2 25
-25.4%
15.1%
Q1 25
-42.2%
16.6%
Q4 24
13.7%
Q3 24
-99.8%
14.2%
Q2 24
-7860.9%
13.2%
Q1 24
-18465.1%
14.0%
Net Margin
GERN
GERN
SPOK
SPOK
Q4 25
8.7%
Q3 25
-39.0%
9.5%
Q2 25
-33.4%
12.8%
Q1 25
-50.1%
14.3%
Q4 24
10.8%
Q3 24
-93.5%
10.5%
Q2 24
-7639.8%
10.1%
Q1 24
-18220.4%
12.1%
EPS (diluted)
GERN
GERN
SPOK
SPOK
Q4 25
$0.13
Q3 25
$-0.03
$0.15
Q2 25
$-0.02
$0.22
Q1 25
$-0.03
$0.25
Q4 24
$0.17
Q3 24
$-0.04
$0.18
Q2 24
$-0.10
$0.17
Q1 24
$-0.09
$0.21

Balance Sheet & Financial Strength

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

Metric
GERN
GERN
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$78.1M
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$248.7M
$146.4M
Total Assets
$567.4M
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GERN
GERN
SPOK
SPOK
Q4 25
$25.3M
Q3 25
$78.1M
$21.4M
Q2 25
$77.7M
$20.2M
Q1 25
$83.7M
$19.9M
Q4 24
$29.1M
Q3 24
$60.3M
$27.8M
Q2 24
$116.9M
$23.9M
Q1 24
$189.8M
$23.3M
Stockholders' Equity
GERN
GERN
SPOK
SPOK
Q4 25
$146.4M
Q3 25
$248.7M
$148.7M
Q2 25
$259.5M
$150.9M
Q1 25
$268.2M
$151.7M
Q4 24
$154.7M
Q3 24
$292.3M
$156.3M
Q2 24
$306.7M
$158.2M
Q1 24
$344.9M
$160.2M
Total Assets
GERN
GERN
SPOK
SPOK
Q4 25
$206.1M
Q3 25
$567.4M
$209.7M
Q2 25
$555.2M
$208.7M
Q1 25
$562.5M
$204.5M
Q4 24
$217.1M
Q3 24
$444.9M
$216.8M
Q2 24
$449.4M
$216.4M
Q1 24
$482.1M
$215.0M

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
SPOK
SPOK
Operating Cash FlowLast quarter
$-13.6M
$11.5M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
29.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
3.93×
TTM Free Cash FlowTrailing 4 quarters
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GERN
GERN
SPOK
SPOK
Q4 25
$11.5M
Q3 25
$-13.6M
$8.1M
Q2 25
$-27.4M
$7.0M
Q1 25
$-48.0M
$2.3M
Q4 24
$8.4M
Q3 24
$-58.9M
$11.1M
Q2 24
$-53.5M
$7.4M
Q1 24
$-62.3M
$2.0M
Free Cash Flow
GERN
GERN
SPOK
SPOK
Q4 25
$10.1M
Q3 25
$7.6M
Q2 25
$6.0M
Q1 25
$1.5M
Q4 24
$7.5M
Q3 24
$10.3M
Q2 24
$-53.7M
$6.8M
Q1 24
$-62.9M
$1.1M
FCF Margin
GERN
GERN
SPOK
SPOK
Q4 25
29.9%
Q3 25
22.4%
Q2 25
16.8%
Q1 25
4.2%
Q4 24
22.3%
Q3 24
29.4%
Q2 24
-6086.6%
20.0%
Q1 24
-20680.3%
3.2%
Capex Intensity
GERN
GERN
SPOK
SPOK
Q4 25
4.1%
Q3 25
1.6%
Q2 25
2.9%
Q1 25
2.1%
Q4 24
2.5%
Q3 24
0.0%
2.4%
Q2 24
23.4%
1.9%
Q1 24
202.3%
2.5%
Cash Conversion
GERN
GERN
SPOK
SPOK
Q4 25
3.93×
Q3 25
2.54×
Q2 25
1.55×
Q1 25
0.43×
Q4 24
2.31×
Q3 24
3.03×
Q2 24
2.17×
Q1 24
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GERN
GERN

Segment breakdown not available.

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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