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Geron Valuation Multiples
Discover revenue and EBITDA valuation multiples for Geron and similar public comparables like Alvotech, Neuren Pharma, ACROBiosystems, Septerna and more.
Geron Overview
About Geron
Geron Corp is a clinical-stage biopharmaceutical company focused on the research and development of cancer treatments. The company's drug in development, Imelstat, is being tested for the treatment of myelodysplastic syndromes, which are disorders of the blood, and myelofibrosis, which is a rare blood cancer affecting bone marrow. The company earns revenue through collaboration agreements, milestones, royalties, and licensing arrangements. Geron possesses various rights to this drug. The company operates as a single segment being, the development of therapeutic products for oncology.
Founded
1990
HQ

Employees
229
Website
Sectors
Financials (LTM)
EV
$892M
Geron Financials
Geron reported last 12-month revenue of $196M and negative EBITDA of ($59M).
In the same LTM period, Geron generated $189M in gross profit, ($59M) in EBITDA losses, and had net loss of ($71M).
Revenue (LTM)
Geron P&L
In the most recent fiscal year, Geron reported revenue of $184M and EBITDA of ($50M).
Geron expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $196M | XXX | $184M | XXX | XXX | XXX |
| Gross Profit | $189M | XXX | $179M | XXX | XXX | XXX |
| Gross Margin | 96% | XXX | 97% | XXX | XXX | XXX |
| EBITDA | ($59M) | XXX | ($50M) | XXX | XXX | XXX |
| EBITDA Margin | (30%) | XXX | (27%) | XXX | XXX | XXX |
| EBIT Margin | (29%) | XXX | (28%) | XXX | XXX | XXX |
| Net Profit | ($71M) | XXX | ($84M) | XXX | XXX | XXX |
| Net Margin | (36%) | XXX | (45%) | XXX | XXX | XXX |
| Net Debt | — | — | $42M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Geron Stock Performance
Geron has current market cap of $1B, and enterprise value of $892M.
Market Cap Evolution
Geron's stock price is $1.76.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $892M | $1B | 2.9% | XXX | XXX | XXX | $-0.13 |
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Start Free TrialGeron Valuation Multiples
Geron trades at 4.5x EV/Revenue multiple, and (15.2x) EV/EBITDA.
EV / Revenue (LTM)
Geron Financial Valuation Multiples
As of April 11, 2026, Geron has market cap of $1B and EV of $892M.
Equity research analysts estimate Geron's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Geron has a P/E ratio of (15.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $892M | XXX | $892M | XXX | XXX | XXX |
| EV/Revenue | 4.5x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | (15.2x) | XXX | (18.0x) | XXX | XXX | XXX |
| EV/EBIT | (15.7x) | XXX | (17.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 4.7x | XXX | 5.0x | XXX | XXX | XXX |
| P/E | (15.9x) | XXX | (13.5x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (8.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Geron Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Geron Margins & Growth Rates
Geron's revenue in the last 12 month grew by 31%.
Geron's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $1.0M for the same period.
Geron's rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Geron's rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Geron Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 31% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Margin | (30%) | XXX | (27%) | XXX | XXX | XXX |
| EBITDA Growth | (45%) | XXX | (44%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 82% | XXX | 87% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 36% | XXX | 40% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 125% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Geron Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Alvotech | XXX | XXX | XXX | XXX | XXX | XXX |
| Neuren Pharma | XXX | XXX | XXX | XXX | XXX | XXX |
| ACROBiosystems | XXX | XXX | XXX | XXX | XXX | XXX |
| Septerna | XXX | XXX | XXX | XXX | XXX | XXX |
| Collegium Pharmaceutical | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Geron M&A Activity
Geron acquired XXX companies to date.
Last acquisition by Geron was on XXXXXXXX, XXXXX. Geron acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Geron
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialGeron Investment Activity
Geron invested in XXX companies to date.
Geron made its latest investment on XXXXXXXX, XXXXX. Geron invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Geron
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Geron
| When was Geron founded? | Geron was founded in 1990. |
| Where is Geron headquartered? | Geron is headquartered in United States. |
| How many employees does Geron have? | As of today, Geron has over 229 employees. |
| Who is the CEO of Geron? | Geron's CEO is Harout Semerjian. |
| Is Geron publicly listed? | Yes, Geron is a public company listed on Nasdaq. |
| What is the stock symbol of Geron? | Geron trades under GERN ticker. |
| When did Geron go public? | Geron went public in 1996. |
| Who are competitors of Geron? | Geron main competitors are Alvotech, Neuren Pharma, ACROBiosystems, Septerna. |
| What is the current market cap of Geron? | Geron's current market cap is $1B. |
| What is the current revenue of Geron? | Geron's last 12 months revenue is $196M. |
| What is the current revenue growth of Geron? | Geron revenue growth (NTM/LTM) is 31%. |
| What is the current EV/Revenue multiple of Geron? | Current revenue multiple of Geron is 4.5x. |
| Is Geron profitable? | No, Geron is not profitable. |
| What is the current EBITDA of Geron? | Geron has negative EBITDA and is not profitable. |
| What is Geron's EBITDA margin? | Geron's last 12 months EBITDA margin is (30%). |
| What is the current EV/EBITDA multiple of Geron? | Current EBITDA multiple of Geron is (15.2x). |
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