Alpha Cognition (ACOG) Balance Sheet: Assets & Liabilities

Alpha Cognition (ACOG) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Alpha Cognition reported total assets of $79.73M and total liabilities of $17.20M. Shareholders' equity was $62.53M, up 50.8% from $41.46M a year earlier. Total debt stood at $0.00 against $66.05M in cash and short-term investments, a net cash position of $66.05M. That puts debt-to-equity at 0.00, compared with 0.02 a year earlier.

Alpha Cognition Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Alpha Cognition Inc. (ACOG) - 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
Current Assets
Cash and Cash Equivalents	66.05	48.55	48.55	1.40	2.08	14.40	11.30	5.93
Cash & Short-Term Investments	66.05	48.55	48.55	1.40	2.08	14.40	11.30	5.93
Accounts Receivable	4.24	0.25	0.25	0.16	0.03	0.00	-	1.44
Inventory	5.12	0.62	0.62	0.00	0.00	0.00	-	0.00
Other Current Assets	3.55	0.84	1.09	0.46	0.25	1.11	0.87	0.33
Total Current Assets	79.01	50.25	50.25	1.92	2.33	15.51	12.17	7.70
Non-Current Assets
Property, Plant & Equipment (Net)	0.33	0.03	0.03	0.00	0.00	0.02	0.01	0.01
Goodwill	0.39	0.00	-	0.00	0.00	0.00	-	0.00
Intangible Assets	0.39	0.41	0.41	0.53	0.61	0.89	0.70	0.73
Other Non-Current Assets	0.00	0.05	0.05	0.00	0.00	0.00	-	0.00
Total Non-Current Assets	0.72	0.49	0.49	0.53	0.62	0.90	0.71	0.94
Total Assets	79.73	50.74	50.74	2.45	2.95	16.42	12.88	8.44
Current Liabilities
Accounts Payable	3.07	0.87	2.44	1.39	2.85	0.58	0.45	0.03
Short-Term Debt	0.00	0.91	0.91	1.21	1.21	1.37	1.08	0.02
Current Portion of Long-Term Debt	-	-	0.91	1.21	1.21	-	1.19	0.02
Accrued Liabilities	5.91	-	1.57	0.92	0.83	-	0.27	0.18
Deferred Revenue	0.15	0.00	-	0.01	0.00	0.00	-	0.00
Other Current Liabilities	5.91	1.57	-	1.39	1.11	0.35	-	3.35
Total Current Liabilities	9.13	3.35	3.35	2.62	4.06	2.30	1.80	3.58
Non-Current Liabilities
Long-Term Debt	0.00	0.00	-	0.00	0.00	0.00	-	3.19
Other Non-Current Liabilities	0.05	5.92	8.29	4.54	0.21	2.61	2.05	1.65
Total Non-Current Liabilities	8.07	5.92	8.29	4.54	0.21	2.61	2.05	6.18
Total Liabilities	17.20	9.27	11.64	7.16	4.27	4.91	3.85	8.42
Stockholders' Equity
Common Stock	133.89	99.13	99.13	39.76	31.06	50.99	40.01	14.57
Retained Earnings	-97.11	-76.29	-76.44	-61.65	-47.88	-48.47	-38.03	-18.49
Accumulated Other Comprehensive Income	-0.10	-0.10	-0.10	-0.10	-0.08	7.05	7.05	3.94
Additional Paid-in Capital	25.85	18.72	16.51	0.00	0.00	0.00	-	0.00
Shares Outstanding	21.74	-	16.02	4.73	2.72	-	2.70	-
Total Stockholders' Equity	62.53	41.46	39.09	-4.70	-1.32	11.51	9.03	0.02
Total Liabilities & Equity	79.73	50.74	50.74	2.45	2.95	12.88	12.88	8.44

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 Balance Sheet

How much debt does Alpha Cognition have?

Alpha Cognition had total debt of $0.00 as of Dec 31, 2025, against $66.05M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was $911.46K a year earlier.

What are Alpha Cognition's total assets?

Alpha Cognition reported total assets of $79.73M as of Dec 31, 2025, up 57.1% from $50.74M a year earlier. Total liabilities were $17.20M.

What is Alpha Cognition's shareholders' equity?

Alpha Cognition's shareholders' equity was $62.53M as of Dec 31, 2025, or about $2.88 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition