現状 (genjō) means “current situation”

More examples

会議で現状を共有しました。kai gi de gen jō o kyō yū shi ma shi ta

We shared the current situation at the meeting.

Describes how things stand at the present time, including conditions that may later change.

状況jōkyō: Circumstances or conditions at a particular time.
状態jōtai: The condition of a person, thing, or system at a particular time.

物事が現在置かれている状態。mono goto ga gen zai o ka re te i ru jō tai

The noun 現状 (genjō) combines 現 (gen, "present") and 状 (jō, "condition or state").

現状 (genjō) is common in reports and serious discussions, while 今の状況 (ima no jōkyō) often sounds more conversational in everyday speech.