ACOG revenueQ2 2026$6.09M
- Quarter YoY
- +267.6%
- QoQ
- +72.4%
ACOG revenue was $6.09M in fiscal Q2 2026 (ended Jun 30, 2026), up 267.6% from a year earlier and up 72.4% from the prior quarter. For the full fiscal 2025 it was $10.22M.
Alpha Cognition Inc. (ACOG) financials
For the twelve months ended Jun 30, 2026, Alpha Cognition Inc. reported $15.26M of revenue and -$23.44M of net income.
- Revenue, TTM
- $15.26M
- Net income, TTM
- -$23.44M
- Net margin
- -153.6%
- Free cash flow, TTM
- -$31.18M
- EPS, diluted, TTM
- -$0.97
- Cash
- $41.38M
- P/S
- 11.83
- Market cap
- $180.5M
FY2023FY2025
FY2024FY2025
ACOG revenue and earnings growth
ACOG net incomeQ2 2026-$8.79M
ACOG net income was -$8.79M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$13.20M a year earlier. For the full fiscal 2025 it was -$20.67M, compared with -$14.79M in fiscal 2024.
ACOG EPSQ2 2026-$0.40
ACOG diluted EPS was -$0.40 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.82 a year earlier. For the full fiscal 2025 it was -$1.18.
ACOG free cash flowQ2 2026-$6.96M
ACOG free cash flow was -$6.96M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$6.15M a year earlier. For the full fiscal 2025 it was -$20.67M, compared with -$7.78M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $10.22M | - | - |
| Cost of revenue | $603.4K | - | - |
| Gross profit | $9.62M | - | - |
| Research and development | $1.87M | $3.92M | $4.88M |
| Selling, general and admin | $29.08M | $8.01M | $5.05M |
| Operating income | -$22.66M | -$12.01M | -$9.94M |
| Interest expense | - | $105.3K | $17.5K |
| Net income | -$20.67M | -$14.79M | -$13.76M |
| EPS, basic | -$1.17 | -$2.04 | -$3.84 |
| EPS, diluted | -$1.18 | -$2.04 | -$3.84 |
| Diluted shares | 17.7M | 7.2M | 3.6M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $66.05M | $48.56M | $1.49M |
| Receivables | $4.24M | - | - |
| Inventory | $5.12M | $615.1K | - |
| Current assets | $79.01M | $50.25M | $1.92M |
| Total assets | $79.73M | $50.74M | $2.45M |
| Current liabilities | $9.13M | $3.35M | $2.62M |
| Total debt | - | $911.5K | $1.21M |
| Total liabilities | $17.20M | $11.64M | $7.16M |
| Shareholders' equity | $62.53M | $39.09M | -$4.70M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | -$20.38M | -$7.76M | -$8.80M |
| Capital expenditures | $293.5K | $26.7K | - |
| Free cash flow | -$20.67M | -$7.78M | - |
| Investing cash flow | -$293.5K | -$26.7K | - |
| Financing cash flow | $38.21M | $54.85M | $8.23M |
| Stock-based compensation | $4.92M | $1.13M | $2.37M |
| Depreciation and amortization | $58.6K | $81.2K | $84.5K |
Key ratios
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.09M | $3.53M | $2.79M | $2.84M | $1.66M | $2.93M | - | - | - | - | - | - |
| Cost of revenue | $391.1K | $277.2K | - | - | $203.9K | $12.7K | - | - | - | - | - | - |
| Gross profit | $5.70M | $3.26M | - | - | $1.45M | $2.09M | - | - | - | - | - | - |
| Research and development | $2.01M | $1.10M | $569.7K | $573.6K | $406.1K | $400.4K | $1.04M | $996.0K | $967.2K | $916.7K | $1.11M | $1.43M |
| Selling, general and admin | $11.45M | $10.26M | $9.89M | $6.95M | $9.49M | $5.09M | $1.63M | $1.47M | $1.43M | $3.47M | $1.31M | $1.34M |
| Operating income | -$7.76M | -$8.10M | -$7.93M | -$5.31M | -$8.45M | -$3.40M | -$2.69M | -$2.49M | -$2.42M | -$4.41M | -$2.42M | -$2.77M |
| Interest expense | - | - | - | - | -$644 | $8.8K | $63.1K | $18.7K | $15.2K | $8.3K | $3.5K | $9.6K |
| Net income | -$8.79M | -$6.48M | -$6.86M | -$1.32M | -$13.20M | -$1.73M | -$5.81M | -$1.86M | -$2.12M | -$5.00M | -$5.73M | -$3.27M |
| EPS, basic | -$0.40 | -$0.30 | -$0.16 | -$0.08 | -$0.82 | -$0.11 | - | -$0.31 | -$0.35 | -$0.87 | - | -$0.84 |
| EPS, diluted | -$0.40 | -$0.32 | $0.05 | -$0.30 | -$0.82 | -$0.11 | - | -$0.31 | -$0.35 | -$0.87 | - | -$0.84 |
| Diluted shares | 21.8M | 21.9M | - | 16.1M | 16.0M | 16.0M | - | 6.0M | 6.0M | 5.7M | - | 3.9M |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $41.38M | $54.25M | $66.05M | $35.40M | $39.46M | $45.62M | $48.56M | $3.77M | $1.19M | $2.42M | $1.49M | $908.4K |
| Receivables | $5.47M | $3.58M | $4.24M | $2.85M | $1.81M | $422.8K | - | - | - | - | - | - |
| Inventory | $6.39M | $6.04M | $5.12M | $4.50M | $875.9K | $883.4K | $615.1K | - | - | - | - | - |
| Current assets | $57.93M | $68.56M | $79.01M | $45.70M | $44.65M | $48.12M | $50.25M | $4.51M | $1.51M | - | $1.92M | - |
| Total assets | $64.52M | $69.25M | $79.73M | $46.30M | $45.12M | $48.61M | $50.74M | $5.03M | $2.08M | - | $2.45M | - |
| Current liabilities | $6.41M | $5.43M | $9.13M | $6.83M | $3.04M | $2.81M | $3.35M | $3.01M | $1.57M | - | $2.62M | - |
| Total debt | - | - | - | - | - | - | $911.5K | $1.21M | $1.21M | - | $1.21M | - |
| Total liabilities | $11.56M | $11.79M | $17.20M | $12.39M | $13.23M | $7.80M | $11.64M | $7.95M | $3.48M | - | $7.16M | - |
| Shareholders' equity | $52.96M | $57.46M | $62.53M | $33.91M | $26.72M | $38.50M | $39.09M | -$2.57M | $1.04M | $535.2K | -$4.70M | -$6.19M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.86M | -$11.80M | -$6.91M | -$5.29M | -$6.14M | -$2.04M | -$2.30M | -$1.58M | -$1.40M | -$2.47M | -$2.03M | -$1.60M |
| Capital expenditures | $98.6K | $1.3K | $147.5K | $74.4K | $8.3K | $63.3K | - | - | - | - | - | - |
| Free cash flow | -$6.96M | -$11.80M | -$7.05M | -$5.36M | -$6.15M | -$2.11M | - | - | - | - | - | - |
| Investing cash flow | -$6.01M | -$1.3K | -$147.5K | -$74.4K | -$8.3K | -$63.3K | - | - | - | - | - | - |
| Financing cash flow | $0 | $800 | $37.70M | $1.36M | -$10.8K | -$834.3K | $47.12M | $4.16M | $173.4K | $3.40M | $2.62M | $1.31M |
| Stock-based compensation | $1.45M | $1.40M | $945.5K | $1.46M | $1.39M | $1.13M | $214.5K | $193.7K | $375.3K | $348.1K | $470.2K | $697.1K |
| Depreciation and amortization | $103.6K | $29.8K | $27.1K | $12.6K | $11.6K | $7.3K | $20.4K | $20.0K | $20.0K | $20.8K | $21.1K | $21.1K |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 267.6% | 20.7% | - | - | - | - | - | - | - | - | - | - |
| Gross margin | 93.6% | 92.2% | - | - | 87.7% | 71.3% | - | - | - | - | - | - |
| Operating margin | -127.3% | -229.1% | -283.7% | -187.0% | -509.6% | -116.3% | - | - | - | - | - | - |
| Net margin | -144.3% | -183.3% | -245.5% | -46.4% | -796.2% | -58.9% | - | - | - | - | - | - |
| Free cash flow margin | -114.2% | -333.9% | -252.6% | -188.8% | -370.9% | -72.0% | - | - | - | - | - | - |
| Current ratio | 9.03 | 12.64 | 8.65 | 6.69 | 14.69 | 17.14 | 15.00 | 1.50 | 0.96 | - | 0.73 | - |
| Debt to equity | - | - | - | - | - | - | 0.02 | - | 1.16 | - | - | - |
Source: XBRL data Alpha Cognition Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
ACOG FAQ
7 questionsWhat is ACOG revenue?
Alpha Cognition Inc. (ACOG) reported $15.26M of revenue for the twelve months ended Jun 30, 2026. Revenue for fiscal 2025 was $10.22M.Is ACOG profitable?
No. Alpha Cognition Inc. reported a net loss of $23.44M for the twelve months ended Jun 30, 2026.How much cash and debt does ACOG have?
Alpha Cognition Inc. reported $41.38M in cash and cash equivalents on its most recent balance sheet in SEC filings.What is ACOG free cash flow?
Alpha Cognition Inc. generated -$31.18M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$30.85M less capital expenditures.What is ACOG earnings per share?
Diluted earnings per share were -$0.97 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.When did ACOG last report financial results?
The latest statements here come from Alpha Cognition Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.Where does this ACOG financial data come from?
Quantisnow builds these statements from the structured XBRL data Alpha Cognition Inc. files with the SEC. It is provided for information only and is not investment advice.