GERON CORP (GERN)
Geron Corporation is an advanced-stage biopharmaceutical company dedicated to the creation and market introduction of treatments for myeloid blood cancers. Its primary drug candidate, imetelstat, is a telomerase inhibitor currently undergoing Phase 3 clinical evaluation. This therapy aims to suppress the unchecked proliferation of cancerous stem and progenitor cells characteristic of myeloid hematologic malignancies. Imetelstat is being developed to address low or intermediate-1 risk myelodysplastic syndromes and intermediate-2 or high-risk myelofibrosis. Established in 1990, Geron's corporate headquarters are located in Foster City, California.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Geron Corporation
NASDAQ:GERNHealthcare · Biotechnology
-5.47%$0.8944
AH$0.8901-0.48%vs close
Mkt Cap$574.63M
Float626.73M
O/S642.47M
Vol
$ Vol
RVOL
Inst Own74.2%
SI11.9%
Earnings
Dilution
Financials Summary
Revenue$183.88M
Net Income-$85.78M
Total Assets$570.54M
Free Cash Flow-$111.09M
Debt & Equity
Debt 53%
Equity 47%
Total Debt$251.57M
Total Equity$225.87M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GERN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$570.54M
Liabilities$344.67M
Accounts Receivable$39.23M
Accounts Payable$11.26M
Inventory$0
PP&E (Net)$884K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Revenue | $183.88M | $76.99M | $237K | $596K | $1.39M | $253K | $460K | $1.07M | $1.06M | $6.16M | $36.37M | $1.15M | $1.28M | $2.71M | $2.44M | $3.56M | $1.73M | $2.8M | $7.62M | $3.28M | $290K | $1.05M | $1.17M | $1.25M | $3.62M | $6.61M | $5.4M | $6.8M | $7.3M | $5.3M |
| YoY Growth | 138.8% | 32386.9% | -60.2% | -57.2% | 450.6% | -45.0% | -56.8% | 0.1% | -82.7% | -83.1% | 3054.5% | -10.1% | -52.6% | 11.1% | -31.6% | 106.4% | -38.4% | -63.2% | 132.6% | 1030.0% | -72.5% | -10.3% | -5.9% | -65.5% | -45.2% | 22.4% | -20.6% | -6.8% | 37.7% | - |
| Cost of Revenue | $4.75M | $1.26M | $0 | $0 | $0 | $50.05M | $51.27M | $12.72M | $8.44M | $14.7M | $9.57M | $8.9M | $9.13M | $25.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$4.65M | -$3.7M | -$1.7M | -$1.6M | -$1.2M |
| Gross Profit | $179.14M | $75.74M | $237K | $596K | $1.39M | -$49.8M | -$50.81M | -$11.66M | -$7.37M | -$8.53M | $26.8M | -$7.75M | -$7.85M | -$22.47M | $2.44M | $3.56M | $1.73M | $2.8M | $7.62M | $3.28M | $290K | $1.05M | $1.17M | $1.25M | $3.62M | $11.26M | $9.1M | $8.5M | $8.9M | $6.5M |
| Gross Margin | 97.4% | 98.4% | 100.0% | 100.0% | 100.0% | -19683.4% | -11046.1% | -1093.5% | -692.2% | -138.5% | 73.7% | -672.0% | -611.9% | -829.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 170.4% | 168.5% | 125.0% | 121.9% | 122.6% |
| Research and Development | $73.72M | $103.74M | $125.05M | $95.52M | $85.73M | $51.49M | $52.07M | $13.43M | $11.03M | $18.05M | $17.83M | $20.71M | $23.16M | $51.37M | $69.32M | $61.69M | $57.62M | $53.66M | $54.62M | $41.23M | $35.08M | $30.08M | $25.55M | $31.57M | $29.02M | $23.55M | $20.6M | $15.6M | $15.1M | $14.3M |
| Selling, General, and Administrative | $159.26M | $145.73M | $69.14M | $43.63M | $29.66M | $27.11M | $21.69M | $18.71M | $19.29M | $18.76M | $17.79M | $16.76M | $15.62M | $20.4M | $23.79M | $18.04M | $14.34M | $16.18M | $15.84M | $9.4M | $8.79M | $7.1M | $5.8M | $5.38M | $9.62M | $9.27M | $5.6M | $3.8M | $3.1M | $3.2M |
| Other | $0 | $0 | $0 | $0 | $0 | -$51.49M | -$52.07M | -$154K | $0 | $0 | $1.31M | $0 | $0 | $5.45M | $0 | $0 | $0 | $0 | $0 | $0 | -$5.87M | $0 | $0 | $0 | $0 | $4.65M | $3.7M | $1.7M | $1.6M | $1.2M |
| Total Operating Expenses | $232.97M | $249.47M | $194.18M | $139.15M | $115.39M | $27.11M | $21.69M | $32.14M | $30.32M | $36.81M | $35.62M | $37.47M | $38.78M | $71.77M | $93.11M | $79.73M | $71.96M | $69.85M | $70.46M | $50.64M | $38M | $37.19M | $31.35M | $36.95M | $38.64M | $37.47M | $29.9M | $21.1M | $19.8M | $18.7M |
| Operating Income (EBIT) | -$53.84M | -$173.73M | -$193.94M | -$138.55M | -$114M | -$76.91M | -$72.5M | -$31.07M | -$29.25M | -$30.65M | -$559K | -$36.31M | -$38.96M | -$71.76M | -$96.12M | -$111.17M | -$70.23M | -$67.04M | -$62.84M | -$47.36M | -$37.71M | -$81.28M | -$30.18M | -$35.7M | -$35.02M | -$26.21M | -$20.8M | -$12.6M | -$10.9M | -$12.2M |
| Operating Margin | -29.3% | -225.6% | -81832.9% | -23246.6% | -8183.7% | -30400.4% | -15762.0% | -2914.9% | -2746.9% | -497.3% | -1.5% | -3149.3% | -3036.5% | -2648.9% | -3942.4% | -3120.0% | -4069.2% | -2391.9% | -824.4% | -1445.2% | -13003.4% | -7719.4% | -2570.7% | -2860.6% | -967.4% | -396.6% | -385.2% | -185.3% | -149.3% | -230.2% |
| Interest Expense | $32.66M | $18.5M | $8.31M | $6.88M | $3.74M | $760K | $0 | $0 | $0 | $83K | $88K | $82K | $56K | $233K | $237K | $98K | $143K | $93K | $102K | $130K | $464K | $672K | $736K | $757K | $1M | $12.28M | $0 | $900K | $0 | $400K |
| Interest Income | $18.12M | $19.61M | $18.15M | $2.53M | $527K | $1.83M | $4.22M | $3.25M | $1.42M | $1.18M | $677K | $373K | $951K | $3.1M | $1.02M | $2.04M | $1.37M | $5.54M | $10.79M | $8.7M | $4.66M | $1.55M | $1.81M | $2.55M | $5.86M | $5.92M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$31.95M | -$840K | $9.82M | -$3.35M | -$2.11M | $1.3M | $3.96M | $4.06M | $1.34M | $1.11M | $605K | $642K | $579K | $2.88M | -$737K | -$210K | $50K | $5.02M | $26.14M | $15.99M | $4.18M | $880K | $297K | $0 | -$11.91M | $0 | -$23.4M | $2.7M | $1.8M | $1.8M |
| Income Before Tax (EBT) | -$85.78M | -$174.57M | -$184.13M | -$141.9M | -$116.11M | -$75.62M | -$68.55M | -$27.02M | -$27.92M | -$29.54M | $46K | -$35.67M | -$38.38M | -$68.88M | -$96.85M | -$111.38M | -$70.18M | -$62.02M | -$36.7M | -$31.36M | -$33.53M | -$80.41M | -$29.88M | $0 | -$46.93M | $0 | -$44.2M | -$9.9M | -$9.1M | -$10.4M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35K | $56K | -$597K | $0 | $0 | $0 | $0 | $0 | $0 | -$4.19M | $44.27M | $0 | -$1.79M | $7.05M | $19.62M | $25.6M | -$1.8M | -$1.3M | -$1.5M |
| Net Income | -$85.78M | -$174.57M | -$184.13M | -$141.9M | -$116.11M | -$75.62M | -$68.55M | -$27.02M | -$27.92M | -$29.54M | $46K | -$35.67M | -$38.38M | -$68.88M | -$96.85M | -$111.38M | -$70.18M | -$62.02M | -$36.7M | -$31.36M | -$33.53M | -$80.41M | -$29.88M | -$33.91M | -$42.07M | -$45.83M | -$46.4M | -$10.8M | -$9.6M | -$10.7M |
| Net Income Margin | -46.7% | -226.7% | -77690.7% | -23808.9% | -8335.4% | -29888.1% | -14901.7% | -2534.4% | -2621.2% | -479.3% | 0.1% | -3093.7% | -2991.3% | -2542.7% | -3972.6% | -3125.9% | -4066.3% | -2212.7% | -481.5% | -957.1% | -11561.4% | -7635.8% | -2545.4% | -2717.0% | -1162.2% | -693.5% | -859.3% | -158.8% | -131.5% | -201.9% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | -0.13 | -0.27 | -0.32 | -0.37 | -0.37 | -0.28 | -0.33 | -0.15 | -0.18 | -0.19 | 0.00 | -0.23 | -0.30 | -0.54 | -0.78 | -1.14 | -0.80 | -0.79 | -0.49 | -0.47 | -0.58 | -1.79 | -0.97 | -1.37 | -1.90 | -2.20 | -3.00 | -0.94 | -0.91 | -2.08 |
| Diluted EPS | -0.13 | -0.27 | -0.32 | -0.37 | -0.37 | -0.28 | -0.33 | -0.15 | -0.18 | -0.19 | 0.00 | -0.23 | -0.30 | -0.54 | -0.78 | -1.14 | -0.80 | -0.79 | -0.49 | -0.47 | -0.58 | -1.79 | -0.97 | -1.37 | -1.90 | -2.20 | -3.00 | -0.94 | -0.91 | -1.38 |
| Weighted Average OS | 666.66M | 646.03M | 570.65M | 380.78M | 327.63M | 271.46M | 190.16M | 176.50M | 159.22M | 159.05M | 158.04M | 153.54M | 127.93M | 126.94M | 124.51M | 97.60M | 88.08M | 78.19M | 74.21M | 66.06M | 57.88M | 44.88M | 30.97M | 24.66M | 22.12M | 20.87M | 15.49M | 11.44M | 10.55M | 5.15M |
| EBITDA | -$51.92M | -$154.85M | -$174.78M | -$134.15M | -$111.59M | -$75.98M | -$71.73M | -$26.96M | -$29.18M | -$30.57M | $803K | -$35.62M | -$38.06M | -$67.82M | -$95.04M | -$109.67M | -$68.29M | -$59.91M | -$62.84M | -$47.36M | -$35.85M | -$32.23M | -$26.06M | -$31.11M | -$30.65M | -$21.56M | -$17.1M | -$10.9M | -$9.3M | -$11M |
| EBITDA Margin | -28.2% | -201.1% | -73747.7% | -22508.6% | -8010.7% | -30030.8% | -15593.3% | -2528.9% | -2739.8% | -496.0% | 2.2% | -3089.6% | -2966.4% | -2503.4% | -3898.1% | -3078.0% | -3956.4% | -2137.4% | -824.4% | -1445.2% | -12361.7% | -3060.8% | -2219.6% | -2492.8% | -846.7% | -326.2% | -316.7% | -160.3% | -127.4% | -207.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $79.44M | $79.02M | $70.02M | $56.84M | $34.87M | $9.93M | $13.64M | $10.84M | $16.6M | $13.08M | $21.52M | $43.06M | $12.99M | $22.86M | $16.11M | $45.97M | $34.6M | $109.35M | $146.03M | $135.88M | $96.63M | $9.85M | $12.82M | $4.6M | $18.77M | $29.98M | $7.8M | $16.4M | $4.1M | $12.4M |
| Short-Term Investments | $280.36M | $327.55M | $263.68M | $115.9M | $148.85M | $186.35M | $125.68M | $152.71M | $78.35M | $102.03M | $92.52M | $108.64M | $52.23M | $73.47M | $105.21M | $140.6M | $77.01M | $53.49M | $59.98M | $77.45M | $93.84M | $110.12M | $96.43M | $42.38M | $50.17M | $3.04M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $359.8M | $406.57M | $333.7M | $172.75M | $183.72M | $196.28M | $139.32M | $163.56M | $94.95M | $115.11M | $114.04M | $151.71M | $65.22M | $96.33M | $121.31M | $186.57M | $111.61M | $162.84M | $206M | $213.33M | $190.47M | $119.96M | $109.25M | $46.99M | $68.94M | $33.02M | $7.8M | $16.4M | $4.1M | $12.4M |
| Accounts Receivable | $39.23M | $38.8M | $1.66M | $3.14M | $1.76M | $722K | $802K | $1.17M | $436K | $475K | $1.21M | $963K | $564K | $752K | $1.4M | $1.8M | $1.32M | $882K | $788K | $1.27M | $2.3M | $1.7M | $1.21M | $1.14M | $1.52M | $1.21M | $700K | $500K | $900K | $0 |
| Inventory | $0 | $38.71M | $0 | $0 | $0 | $0 | $0 | -$1.17M | -$436K | -$475K | -$1.21M | -$963K | $0 | -$752K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $530K | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $121.25M | $6.91M | $5.99M | $4.36M | $364K | $363K | $270K | $269K | $268K | $268K | $267K | $266K | $795K | $794K | $793K | $792K | $791K | $816K | $2.44M | $0 | $0 | $530K | $530K | $530K | $703K | $364K | $31.9M | $8.9M | $18.5M | $12.6M |
| Total Current Assets | $520.27M | $490.99M | $341.35M | $180.25M | $187.21M | $199.86M | $141.61M | $166.06M | $95.97M | $116.11M | $115.89M | $153.41M | $67.06M | $98.42M | $125.63M | $195.02M | $117.78M | $168.25M | $213.37M | $217.15M | $195.65M | $124.78M | $111.81M | $50.77M | $71.7M | $34.59M | $40.4M | $25.8M | $23.5M | $25M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $884K | $4.19M | $4.73M | $4.94M | $5.38M | $5.95M | $2.9M | $59K | $102K | $183K | $207K | $173K | $92K | $974K | $1.24M | $3.09M | $3.94M | $4.39M | $4.08M | $2.48M | $2.75M | $2.09M | $1.68M | $2.44M | $3.59M | $3.68M | $3.8M | $2.3M | $2.4M | $3M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $188K | $377K | $1.13M | $3.82M | $6.68M | $9.55M | $12.41M | $15.3M | $0 | $0 | $0 |
| Long-Term Investments | $41.29M | $94.52M | $43.3M | $0 | $28.65M | $63.39M | $19.65M | $18.58M | $14.24M | $13.95M | $32.66M | $18.93M | $0 | $0 | $32.13M | $34.41M | $56M | $1M | $55K | $220K | $331K | $489K | $401K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$408K | -$331K | -$489K | -$401K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $8.1M | $4.08M | $4.7M | $5.39M | $4.8M | $1.53M | $1.35M | $585K | $0 | $0 | $0 | $0 | $195K | $410K | $1.05M | $1.06M | $2.67M | $2.59M | $1.39M | $1.17M | $2.47M | $3.88M | $804K | $772K | $11.4M | $63.34M | $4.2M | $16.4M | $200K | $800K |
| Total Long-Term Assets | $50.27M | $102.79M | $52.73M | $10.33M | $38.83M | $70.87M | $23.91M | $19.23M | $14.34M | $14.14M | $32.87M | $19.11M | $287K | $1.38M | $34.42M | $38.57M | $62.6M | $7.97M | $5.52M | $3.65M | $5.6M | $7.1M | $6.31M | $9.9M | $24.54M | $79.44M | $23.3M | $18.7M | $2.6M | $3.8M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $570.54M | $593.78M | $394.08M | $190.57M | $226.03M | $270.73M | $165.52M | $185.28M | $110.31M | $130.25M | $148.76M | $172.51M | $67.34M | $99.8M | $160.05M | $233.58M | $180.38M | $176.22M | $218.9M | $220.8M | $201.24M | $131.87M | $118.11M | $60.67M | $96.23M | $114.03M | $63.7M | $44.5M | $26.1M | $28.8M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $11.26M | $8.6M | $6.16M | $10.19M | $6.69M | $6.92M | $1.18M | $982K | $503K | $225K | $160K | $1.03M | $1.4M | $3.43M | $2.98M | $3.46M | $2.18M | $2.41M | $2.86M | $1.96M | $1.91M | $2.54M | $1.3M | $1.59M | $1.34M | $1.46M | $1.3M | $1.2M | $700K | $800K |
| Short-Term Debt | $18.45M | $0 | $46.89M | $20.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $55K | $2.6M | $5.04M | $5.51M | $825K | $923K | $1.2M | $900K | $1M | $1.2M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $35M | $0 | $0 | $0 | $350K | $700K | $27K | $241K | $1.16M | $2.18M | $477K | $227K | $543K | $767K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $80.84M | $43.18M | $13.76M | $11.53M | $8.1M | $8.22M | $4.83M | $3.6M | $2.36M | $0 | $0 | $1.55M | $2.24M | $5.5M | $7.43M | $28.21M | $897K | $1.18M | $2.9M | $38.5M | $4.89M | $0 | $0 | $0 | $4.39M | $5.74M | $5.4M | $1.5M | $2M | $1.6M |
| Total Current Liabilities | $111.54M | $88.3M | $108.07M | $76.69M | $45.52M | $30.94M | $28.16M | $7.55M | $6.52M | $7.87M | $6.63M | $41.8M | $7.59M | $14.15M | $13.44M | $40.85M | $7.46M | $7.71M | $12.72M | $46.78M | $9.33M | $8.46M | $9.82M | $9.38M | $10.31M | $8.13M | $7.9M | $3.6M | $3.7M | $3.6M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $231.68M | $118.48M | $35.05M | $30.21M | $49.83M | $24.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $645K | $1.15M | $20.52M | $16.59M | $32.44M | $17.1M | $8.1M | $1.3M | $1.6M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $350K | $52K | $78K | $954K | $1.21M | $707K | $815K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$707K | -$815K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $104.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $427K | $0 | $0 | $0 | $815K | $1.03M | $7.78M | $9.55M | $12.5M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $233.13M | $225.16M | $38.06M | $33.88M | $54.1M | $28.84M | $2.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $350K | $52K | $505K | $105K | $1.21M | $1.35M | $1.97M | $21.55M | $24.38M | $41.99M | $29.6M | $8.1M | $1.3M | $1.6M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $344.67M | $313.46M | $146.13M | $110.58M | $99.62M | $59.78M | $30.36M | $7.55M | $6.52M | $7.87M | $6.63M | $41.8M | $7.59M | $14.15M | $13.44M | $40.85M | $7.8M | $7.76M | $13.22M | $46.88M | $10.54M | $9.81M | $11.79M | $30.93M | $34.69M | $50.11M | $37.5M | $11.7M | $5M | $5.2M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.6M | $0 | $0 |
| Common Stock | $640K | $606K | $545K | $390K | $324K | $310K | $200K | $186K | $160K | $159K | $159K | $157K | $131K | $130K | $131K | $123K | $92K | $81K | $76K | $70K | $65K | $52K | $39K | $25K | $24K | $22K | $0 | $0 | $0 | $0 |
| Retained Earnings | -$1.86B | -$1.77B | -$1.6B | -$1.41B | -$1.27B | -$1.16B | -$1.08B | -$1.01B | -$985.84M | -$957.92M | -$928.39M | -$928.43M | -$892.76M | -$854.38M | -$785.5M | -$688.65M | -$577.27M | -$506.89M | -$444.87M | -$399.09M | -$369.6M | -$336.07M | -$255.67M | -$225.78M | -$191.88M | -$149.8M | -$104M | -$57.5M | -$46.1M | -$36.5M |
| Comprehensive Income & Other | $269K | $261K | $185K | -$219K | -$173K | $78K | $132K | -$183K | -$207K | -$53K | -$213K | -$84K | -$14K | $40K | -$91K | -$96K | -$406K | $40K | $33K | -$213K | -$860K | -$883K | -$744K | -$598K | -$202K | -$314K | -$1M | -$4.8M | -$3.7M | -$2.5M |
| Other Stockholders' Equity | $2.08B | $2.05B | $1.85B | $1.49B | $1.4B | $1.37B | $1.21B | $1.19B | $1.09B | $1.08B | $1.07B | $1.06B | $952.39M | $939.91M | $931.98M | $881.26M | $749.75M | $675.27M | $650.47M | $572.94M | $560.24M | $458.08M | $361.95M | $255.5M | $253.39M | $213.7M | $130.2M | $90.3M | $67.2M | $60.1M |
| Total Equity | $225.87M | $280.32M | $247.95M | $80M | $126.42M | $210.95M | $135.16M | $177.73M | $103.8M | $122.38M | $142.13M | $130.71M | $59.76M | $85.65M | $146.6M | $192.74M | $172.58M | $168.46M | $205.67M | $173.92M | $190.71M | $122.06M | $106.32M | $29.74M | $61.54M | $63.92M | $26.2M | $32.8M | $21.1M | $23.6M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $570.54M | $593.78M | $394.08M | $190.57M | $226.03M | $270.73M | $165.52M | $185.28M | $110.31M | $130.25M | $148.76M | $172.51M | $67.34M | $99.8M | $160.05M | $233.58M | $180.38M | $176.22M | $218.9M | $220.8M | $201.24M | $131.87M | $118.11M | $60.67M | $96.23M | $114.03M | $63.7M | $44.5M | $26.1M | $28.8M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $251.57M | $121.72M | $85.9M | $55.75M | $55M | $29.72M | $2.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $55K | $3.25M | $6.19M | $26.02M | $17.42M | $33.36M | $18.3M | $9M | $2.3M | $2.8M |
| Net Debt | $172.13M | $42.7M | $15.88M | -$1.09M | $20.13M | $19.79M | -$11.09M | -$10.84M | -$16.6M | -$13.08M | -$21.52M | -$43.06M | -$12.99M | -$22.86M | -$16.11M | -$45.97M | -$34.6M | -$109.35M | -$146.03M | -$135.88M | -$96.58M | -$6.6M | -$6.63M | $21.42M | -$1.35M | $3.37M | $10.5M | -$7.4M | -$1.8M | -$9.6M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | -$85.78M | -$174.57M | -$184.13M | -$141.9M | -$116.11M | -$75.62M | -$68.55M | -$27.02M | -$27.92M | -$29.54M | $46K | -$35.67M | -$38.38M | -$68.88M | -$96.85M | -$111.38M | -$70.18M | -$62.02M | -$36.7M | -$31.36M | -$33.53M | -$80.41M | -$29.88M | -$33.91M | -$42.07M | -$32.57M | -$46.4M | -$10.8M | -$9.6M | -$10.7M |
| Depreciation & Amortization | $1.2M | $1.22M | $1.03M | $868K | $783K | $935K | $776K | $59K | $76K | $81K | $56K | $47K | $320K | $830K | $1.58M | $1.61M | $1.75M | $2.42M | $1.93M | $1.59M | $3.74M | $3.9M | $4.12M | $4.59M | $4.37M | $4.65M | $3.7M | $1.7M | $1.6M | $1.2M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $191K | $488K | -$1.33M | -$365K | $310K | $597K | $2.24M | $2.65M | $1.47M | $3.03M | $8.97M | $15.31M | $7.78M | -$8.54M | $0 | -$4.2M | $5.32M | -$96K | $1.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $88K | $31.32M | $19.35M | $8M | $8.08M | $6.89M | $6.08M | $6.37M | $8.14M | $8.24M | $8.4M | $7.66M | $4.43M | $5.31M | $15.25M | $13.72M | $10.57M | $11.49M | $0 | $4.37M | -$227K | $96K | $105K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | -$377K | -$36.89M | $1.49M | -$1.38M | -$1.04M | $80K | $366K | -$528K | $39K | $731K | -$243K | $0 | $0 | $0 | $0 | $0 | -$440K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | -$77.92M | -$37.97M | $0 | $1.38M | $1.04M | -$80K | -$366K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $2.66M | $2.44M | -$4.03M | $3.5M | -$232K | $5.73M | $199K | $479K | $278K | $65K | -$873K | -$364K | -$2.03M | $449K | -$482K | $1.29M | -$56K | -$443K | $0 | $53K | $0 | $1.24M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $7.1M | $4.02M | $8.6M | $1.52M | $10.75M | -$5.35M | $18.93M | -$724K | -$1.65M | $2.02M | -$34.43M | $34.77M | -$2.74M | $3.94M | $9.19M | $7.85M | $871K | $5.18M | $9.67M | $3.99M | $4.12M | -$2.84M | -$47K | -$4.38M | -$1.68M | -$1.47M | -$800K | $500K | -$1.6M | -$500K |
| Total Working Capital Change | -$68.54M | -$68.41M | $6.06M | $5.03M | $10.52M | $383K | $19.13M | -$245K | -$1.37M | $2.09M | -$35.3M | $34.41M | -$4.77M | $4.38M | $8.71M | $9.14M | $6.86M | $4.74M | $9.67M | $4.04M | $4.12M | -$1.6M | -$47K | -$4.38M | -$1.68M | -$1.47M | -$800K | $500K | -$1.6M | -$500K |
| Other Non-Cash Items | $41.99M | -$8.18M | -$10.06M | $626K | $984K | $264K | $68K | $191K | $200K | $156K | $364K | $253K | $252K | $183K | -$49K | $27.31M | -$157K | $9.92M | -$1.53M | -$808K | -$42K | $52.18M | -$84K | $2.35M | $16.96M | $15.79M | $29.9M | $800K | $1.7M | $100K |
| Net Cash from Operating | -$111.04M | -$218.62M | -$167.74M | -$127.38M | -$95.56M | -$66.65M | -$43.83M | -$21.01M | -$20.56M | -$18.37M | -$24.2M | $9.35M | -$36.68M | -$55.15M | -$62.39M | -$44.29M | -$43.37M | -$41.98M | -$26.63M | -$26.38M | -$20.61M | -$25.93M | -$24.4M | -$31.34M | -$22.42M | -$13.61M | -$13.6M | -$7.8M | -$7.9M | -$9.9M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$49K | -$680K | -$830K | -$431K | -$207K | -$401K | -$413K | -$16K | $0 | -$57K | -$90K | -$131K | -$3K | -$862K | -$612K | -$836K | -$1.44M | -$2.34M | -$2.99M | -$779K | -$1.64M | -$1.53M | -$411K | -$328K | -$1.11M | -$1.18M | -$2.7M | -$1M | -$700K | -$1.1M |
| Acquisitions | $0 | $0 | $179.49M | -$1.23M | $1.59M | $339K | -$27.81M | $0 | $0 | $16K | $0 | $0 | $1.2M | $170K | $0 | $2K | $0 | $15K | $0 | $779K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$304.42M | -$476.93M | -$475.59M | -$258.01M | -$177.43M | -$313.2M | -$153.47M | -$188.37M | -$100.01M | -$129.25M | -$206.46M | -$190.26M | -$88.98M | -$79.37M | -$144.89M | -$183.44M | -$202.12M | -$78.33M | -$154.88M | -$135.88M | -$129.31M | -$110.21M | -$107.7M | -$31.56M | -$54.51M | -$62.33M | -$31.3M | -$28.4M | -$27M | -$24.5M |
| Sales of Investments | $411.72M | $371.61M | $296.1M | $320.5M | $249.59M | $208.28M | $181.28M | $110.66M | $122.98M | $138.05M | $206.62M | $111.96M | $108.84M | $141.02M | $177.64M | $137.32M | $120.53M | $86M | $175.82M | $153.54M | $143.9M | $93.57M | $53.57M | $49.18M | $59.5M | $32.01M | $20.1M | $21.8M | $21.5M | $15.6M |
| Other Investing Activities | $0 | $0 | -$179.49M | $1.23M | -$1.59M | -$339K | $27.81M | -$77.7M | $22.97M | -$1K | -$1K | $529K | -$1K | -$1K | -$1K | -$1.5M | $25K | $124K | -$1.91M | -$779K | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $0 | -$100K | $0 |
| Net Cash from Investing | $107.25M | -$106M | -$180.32M | $62.07M | $71.95M | -$105.32M | $27.4M | -$77.72M | $22.97M | $8.76M | $73K | -$77.9M | $21.05M | $60.95M | $32.14M | -$48.45M | -$83M | $5.47M | $16.04M | $16.88M | $12.96M | -$18.16M | -$54.54M | $17.29M | $3.89M | -$31.51M | -$12.9M | -$7.6M | -$6.3M | -$10M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | - | -$34.57M | -$29.7M | - | -$24.89M | -$23.86M | - | - | - | - | - | - | - | - | - | - | - | - | - | $55K | $146K | $176K | $367K | $380K | $829K | -$23.98M | -$20.7M | -$7.4M | $500K | $1M |
| Common Stock Issuance | $2.27M | $140.73M | $213.34M | $69.92M | $20.39M | $144.26M | $19.3M | $86.02M | $1.06M | $1.17M | $2.58M | $98.36M | $6.55M | $150K | $386K | $104.12M | $51.63M | $293K | $20.73M | $48.8M | $94.59M | $41.29M | $87.52M | $264K | $8.15M | $43.28M | $900K | $20.2M | $6.5M | $19.7M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$455K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$3.7M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$6K | $0 | $0 | -$9.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $159.08M | $118.98M | $17.35M | $3.28M | $224K | $204K | $6.95M | $51K | $1.17M | $0 | $0 | $0 | $0 | $0 | -$6K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K | $0 | -$100K | $1.1M |
| Net Cash from Financing | $2.27M | $334.37M | $362.02M | $87.26M | $48.56M | $168.35M | $19.5M | $92.97M | $1.11M | $1.17M | $2.58M | $98.36M | $6.55M | $150K | $386K | $104.11M | $51.63M | -$162K | $20.73M | $48.75M | $94.44M | $41.11M | $87.15M | -$116K | $7.32M | $67.26M | $18M | $27.6M | $5.9M | $19.8M |
| Forex Effect | $87K | -$12K | -$27K | $22K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$100K | $0 | $0 | $0 |
| Net Change in Cash | -$1.44M | $9.74M | $13.93M | $21.97M | $24.95M | -$3.63M | $3.07M | -$5.76M | $3.52M | -$8.44M | -$21.55M | $29.81M | -$9.07M | $5.96M | -$29.87M | $11.37M | -$74.75M | -$36.68M | $10.14M | $39.25M | $86.79M | -$2.98M | $8.22M | -$14.17M | -$11.21M | $22.15M | -$8.6M | $12.2M | -$8.3M | -$100K |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | -$111.04M | -$218.62M | -$167.74M | -$127.38M | -$95.56M | -$66.65M | -$43.83M | -$21.01M | -$20.56M | -$18.37M | -$24.2M | $9.35M | -$36.68M | -$55.15M | -$62.39M | -$44.29M | -$43.37M | -$41.98M | -$26.63M | -$26.38M | -$20.61M | -$25.93M | -$24.4M | -$31.34M | -$22.42M | -$13.61M | -$13.6M | -$7.8M | -$7.9M | -$9.9M |
| Capital Expenditure | -$49K | -$680K | -$830K | -$431K | -$207K | -$401K | -$413K | -$16K | $0 | -$57K | -$90K | -$131K | -$3K | -$862K | -$612K | -$836K | -$1.44M | -$2.34M | -$2.99M | -$779K | -$1.64M | -$1.53M | -$411K | -$328K | -$1.11M | -$1.18M | -$2.7M | -$1M | -$700K | -$1.1M |
| Free Cash Flow | -$111.09M | -$219.3M | -$168.57M | -$127.81M | -$95.76M | -$67.05M | -$44.24M | -$21.02M | -$20.56M | -$18.43M | -$24.29M | $9.22M | -$36.68M | -$56.01M | -$63M | -$45.13M | -$44.81M | -$44.32M | -$29.62M | -$27.16M | -$22.25M | -$27.45M | -$24.81M | -$31.67M | -$23.53M | -$14.79M | -$16.3M | -$8.8M | -$8.6M | -$11M |
| Cash at Beginning | $80.88M | $71.14M | $57.21M | $35.23M | $10.29M | $13.91M | $10.84M | $16.6M | $12.81M | $21.25M | $42.8M | $12.99M | $22.06M | $16.11M | $45.97M | $34.6M | $109.35M | $146.03M | $135.88M | $96.63M | $9.85M | $12.82M | $4.6M | $18.77M | $29.98M | $7.83M | $16.4M | $4.1M | $12.4M | $12.5M |
| Cash at End | $79.44M | $80.88M | $71.14M | $57.21M | $35.23M | $10.29M | $13.91M | $10.84M | $16.34M | $12.81M | $21.25M | $42.8M | $12.99M | $22.06M | $16.11M | $45.97M | $34.6M | $109.35M | $146.03M | $135.88M | $96.63M | $9.85M | $12.82M | $4.6M | $18.77M | $29.98M | $7.8M | $16.3M | $4.1M | $12.4M |