Alpha Cognition (ACOG) Cash Flow: Operating & Free Cash Flow

Alpha Cognition Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities 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
Operating Activities
Net Income	-20.67	-14.64	-14.79	-13.76	-12.07	-24.91	-18.05	-7.39
Depreciation & Amortization	0.06	0.08	0.08	0.08	0.09	0.11	0.09	0.10
Stock Based Compensation	4.92	0.98	3.41	2.37	1.78	2.29	1.79	0.71
Change in Working Capital	-4.62	-0.24	-0.24	-1.57	2.73	-0.37	-0.29	-0.42
Change in Accounts Receivable	-4.24	0.00	-	0.00	0.00	0.00	-	0.02
Change in Inventory	-4.51	-0.62	-0.62	0.00	0.00	0.00	-	0.00
Change in Accounts Payable	6.52	1.05	1.05	-1.45	2.11	0.31	0.33	0.06
Change in Other Working Capital	0.00	-0.67	-0.67	-0.12	0.62	-0.67	-0.53	-0.49
Other Operating Activities	0.00	6.06	3.79	4.08	-1.79	10.29	6.46	0.05
Net Cash from Operating Activities	-20.38	-7.76	-7.76	-8.80	-9.25	-12.59	-9.88	-6.94
Investing Activities
Capital Expenditures	-0.29	-0.03	-0.03	0.00	0.00	-0.08	-0.01	-0.01
Acquisitions	0.00	0.00	-	0.00	0.00	0.67	0.52	0.00
Sales/Maturities of Investments	0.00	0.00	-	0.00	0.00	0.00	-0.05	0.00
Other Investing Activities	0.00	0.00	-	0.00	0.00	-0.06	0.52	0.00
Net Cash from Investing Activities	-0.29	-0.03	-0.03	0.00	0.00	0.59	0.46	-0.01
Financing Activities
Debt Repayment	-0.91	4.25	-0.30	-0.06	0.00	-0.03	-	5.11
Common Stock Issued	34.32	56.54	56.84	9.25	0.04	17.40	16.10	2.42
Other Financing Activities	-2.51	-5.93	-6.24	-1.02	0.03	1.56	-1.22	-0.03
Net Cash from Financing Activities	38.21	54.85	54.85	8.23	0.04	18.96	14.88	7.50
Summary
Effect of Forex Changes on Cash	0.00	0.00	-	-0.02	0.00	-0.11	-0.08	0.00
Net Change in Cash	17.54	47.07	47.07	-0.59	-9.22	6.85	5.38	0.55
Cash at Beginning of Period	48.56	1.49	1.49	2.08	11.30	7.55	5.93	7.02
Cash at End of Period	66.11	48.56	48.56	1.49	2.08	14.40	11.30	7.57
Free Cash Flow	-20.67	-7.78	-7.78	-8.80	-9.26	-12.67	-9.89	-6.96
Supplemental Disclosures
Interest Paid	0.00	-	0.04	0.06	0.02	-	0.02	0.02

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 Cash Flow

What is Alpha Cognition's free cash flow?

Alpha Cognition had negative free cash flow of $20.67M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$20.38M minus $293.49K of capital expenditures.

How much does Alpha Cognition spend on capital expenditures?

Alpha Cognition spent $293.49K on capital expenditures in fiscal 2025, compared with $26.70K a year earlier.

Does Alpha Cognition pay dividends or buy back shares?

Alpha Cognition's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition