Alpha Cognition (ACOG) Financial Statements & Analysis

Alpha Cognition (ACOG) Income Statement

Alpha Cognition reported revenue of $10.22M in fiscal 2025 (fiscal year ended Dec 31, 2025). Alpha Cognition posted a net loss of $20.67M, compared with a net loss of $14.64M a year earlier. Gross margin was 81.3% and operating margin -221.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $6.09M, up 267.6% from the same quarter a year earlier.

Alpha Cognition Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Alpha Cognition Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	10.22	0.00	-	0.00	0.00	0.00	-	0.00
Cost of Revenue	1.92	0.00	0.06	0.00	0.00	0.00	0.04	0.06
Gross Profit	8.30	0.00	-0.06	0.00	0.00	0.00	-0.04	-0.06
Operating Expenses
Research & Development	1.87	3.92	3.92	4.88	11.85	10.16	7.97	4.67
Selling, General & Administrative	29.08	7.32	8.01	4.91	5.44	4.31	3.38	0.82
Operating Expenses	30.97	11.86	11.55	9.62	18.09	14.74	11.57	5.71
Operating Income	-22.66	-11.86	-11.55	-9.62	-18.09	-14.74	-11.57	-5.77
Other Income/Expense
Interest Income	1.90	0.16	0.16	0.01	0.00	0.00	0.00	0.02
Interest Expense	0.00	0.19	0.19	0.08	0.23	0.67	0.53	-0.77
Other Income/Expense	1.99	-2.78	-3.40	-4.08	1.82	-10.17	-7.45	0.73
Income
Income Before Tax	-20.67	-14.64	-14.79	-13.76	-16.28	-24.91	-19.55	-5.78
Income Tax Expense	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Net Income	-20.67	-14.64	-14.79	-13.76	-16.28	-24.91	-19.55	-5.78
Net Income - Continuous Operations	-20.67	-14.64	-14.79	-13.76	-16.28	-24.91	-19.55	-7.39
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-
EBITDA	-22.66	-14.37	-11.47	-13.60	-15.92	-24.12	-18.93	-5.69
EBIT	-22.66	-	-11.55	-13.69	-11.94	-	-19.02	-5.77
Depreciation & Amortization	0.06	0.08	0.08	0.08	0.12	0.11	0.09	0.08
Earnings Per Share
Basic EPS	-1.00	-2.00	-2.00	-4.00	-6.00	-12.00	-9.00	-3.00
Diluted EPS	-1.00	-2.00	-2.00	-4.00	-6.00	-12.00	-9.00	-3.00
Basic Shares Outstanding	17.68	7.25	7.25	3.59	2.72	2.13	2.13	1.72
Diluted Shares Outstanding	17.68	7.25	7.25	3.59	2.72	2.13	2.13	1.72

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Alpha Cognition Financial Statements

What was Alpha Cognition's revenue in fiscal 2025?

Alpha Cognition reported revenue of $10.22M in fiscal 2025 (fiscal year ended Dec 31, 2025).

Is Alpha Cognition profitable?

No. Alpha Cognition reported a net loss of $20.67M in fiscal 2025. In fiscal 2024 it lost $14.64M.

What is Alpha Cognition's operating margin?

Alpha Cognition's operating income was −$22.66M on revenue of $10.22M in fiscal 2025, an operating margin of -221.7%.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition