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

GERON CORP is the larger business by last-quarter revenue ($47.2M vs $35.2M, roughly 1.3× Voyager Technologies, Inc.). GERON CORP runs the higher net margin — -39.0% vs -130.4%, a 91.3% gap on every dollar of revenue. On growth, GERON CORP posted the faster year-over-year revenue change (67.1% vs 2.1%).

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

GERN vs VOYG — Head-to-Head

Bigger by revenue
GERN
GERN
1.3× larger
GERN
$47.2M
$35.2M
VOYG
Growing faster (revenue YoY)
GERN
GERN
+64.9% gap
GERN
67.1%
2.1%
VOYG
Higher net margin
GERN
GERN
91.3% more per $
GERN
-39.0%
-130.4%
VOYG

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GERN
GERN
VOYG
VOYG
Revenue
$47.2M
$35.2M
Net Profit
$-18.4M
$-45.9M
Gross Margin
-4.4%
Operating Margin
-29.4%
Net Margin
-39.0%
-130.4%
Revenue YoY
67.1%
2.1%
Net Profit YoY
30.3%
-64.5%
EPS (diluted)
$-0.03
$-0.75

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
VOYG
VOYG
Q1 26
$35.2M
Q4 25
$46.7M
Q3 25
$47.2M
$39.6M
Q2 25
$49.0M
$45.7M
Q1 25
$39.6M
Q3 24
$28.3M
Q2 24
$882.0K
Q1 24
$304.0K
Net Profit
GERN
GERN
VOYG
VOYG
Q1 26
$-45.9M
Q4 25
$-33.0M
Q3 25
$-18.4M
$-16.3M
Q2 25
$-16.4M
$-31.4M
Q1 25
$-19.8M
Q3 24
$-26.4M
Q2 24
$-67.4M
Q1 24
$-55.4M
Gross Margin
GERN
GERN
VOYG
VOYG
Q1 26
-4.4%
Q4 25
21.4%
Q3 25
15.4%
Q2 25
18.0%
Q1 25
Q3 24
Q2 24
Q1 24
Operating Margin
GERN
GERN
VOYG
VOYG
Q1 26
Q4 25
Q3 25
-29.4%
-60.7%
Q2 25
-25.4%
-52.8%
Q1 25
-42.2%
Q3 24
-99.8%
Q2 24
-7860.9%
Q1 24
-18465.1%
Net Margin
GERN
GERN
VOYG
VOYG
Q1 26
-130.4%
Q4 25
-70.7%
Q3 25
-39.0%
-41.1%
Q2 25
-33.4%
-68.7%
Q1 25
-50.1%
Q3 24
-93.5%
Q2 24
-7639.8%
Q1 24
-18220.4%
EPS (diluted)
GERN
GERN
VOYG
VOYG
Q1 26
$-0.75
Q4 25
$-0.52
Q3 25
$-0.03
$-0.28
Q2 25
$-0.02
$-1.23
Q1 25
$-0.03
Q3 24
$-0.04
Q2 24
$-0.10
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
GERN
GERN
VOYG
VOYG
Cash + ST InvestmentsLiquidity on hand
$78.1M
$429.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$248.7M
$404.5M
Total Assets
$567.4M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GERN
GERN
VOYG
VOYG
Q1 26
$429.4M
Q4 25
$491.3M
Q3 25
$78.1M
$413.3M
Q2 25
$77.7M
$468.9M
Q1 25
$83.7M
Q3 24
$60.3M
Q2 24
$116.9M
Q1 24
$189.8M
Stockholders' Equity
GERN
GERN
VOYG
VOYG
Q1 26
$404.5M
Q4 25
Q3 25
$248.7M
$590.9M
Q2 25
$259.5M
$554.7M
Q1 25
$268.2M
Q3 24
$292.3M
Q2 24
$306.7M
Q1 24
$344.9M
Total Assets
GERN
GERN
VOYG
VOYG
Q1 26
$1.0B
Q4 25
Q3 25
$567.4M
$727.8M
Q2 25
$555.2M
$685.3M
Q1 25
$562.5M
Q3 24
$444.9M
Q2 24
$449.4M
Q1 24
$482.1M

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
VOYG
VOYG
Operating Cash FlowLast quarter
$-13.6M
$-39.7M
Free Cash FlowOCF − Capex
$-66.8M
FCF MarginFCF / Revenue
-189.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-263.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GERN
GERN
VOYG
VOYG
Q1 26
$-39.7M
Q4 25
$-60.9M
Q3 25
$-13.6M
$-15.1M
Q2 25
$-27.4M
$-30.9M
Q1 25
$-48.0M
Q3 24
$-58.9M
Q2 24
$-53.5M
Q1 24
$-62.3M
Free Cash Flow
GERN
GERN
VOYG
VOYG
Q1 26
$-66.8M
Q4 25
$-54.5M
Q3 25
$-53.8M
Q2 25
$-88.8M
Q1 25
Q3 24
Q2 24
$-53.7M
Q1 24
$-62.9M
FCF Margin
GERN
GERN
VOYG
VOYG
Q1 26
-189.5%
Q4 25
-116.9%
Q3 25
-135.8%
Q2 25
-194.4%
Q1 25
Q3 24
Q2 24
-6086.6%
Q1 24
-20680.3%
Capex Intensity
GERN
GERN
VOYG
VOYG
Q1 26
Q4 25
Q3 25
97.8%
Q2 25
126.7%
Q1 25
Q3 24
0.0%
Q2 24
23.4%
Q1 24
202.3%

Financial Flow Comparison

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

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