Alpha Cognition Inc.

ACOG Healthcare Biotechnology

Alpha Cognition Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.2 million. In the quarter to June 2026, revenue grew 267.6%, EPS grew 38.5% and free cash flow fell 109.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

8.19 0.26 −3.08%
Market cap
$184.0M
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
2.55
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total buys 7.76
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 2 7 — 4 4 3 1 2 1
Sell — — — — — — — — — — — —
Insider Ownership 34.65%

Capital & Financial Ratios $m

Market Cap 184.02
Revenue 15.26
Net Income (21.01)
Free Cash Flow (37.08)
Net Debt (41.44)
Current Ratio 9.03 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E —
P/S ratio 11.69 (above 10: high)
P/B ratio 3.37
Past 5Y EPS Growth —
This Y EPS Growth (12.68%) (below 0%: weak)
Next Y EPS Growth 53.22% (at or above 15%: strong)
Next Y revenue growth 251.56% (at or above 10%: strong)
Next 5Y EPS Growth 38.32% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 49 66 41
Receivables 0 — 4 5
Inventory — 1 5 6
Other — — — —
2 50 79 58
2023 2024 2025 Q'26
Payables 1 2 9 6
ST’ Debt — — — —
Other — — — 0
3 3 9 6

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 422.87% 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 4 6 — — —
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) (7) — — —
’25 (2) (6) (5) (7) (20)
’24 (2) (1) (2) (2) (8)
’23 (2) (3) (2) (2) (9)
’22 (2) (3) (2) (3) (9)
’21 (1) (2) (3) (4) (10)
’20 (1) (1) (1) (2) (5)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) (13) — — —
’25 (2) (6) (5) (7) (21)
’24 (2) (1) (2) (2) (8)
’23 (2) (3) (2) (2) (9)
’22 (2) (3) (2) (3) (9)
’21 (1) (2) (3) (4) (10)
’20 (1) (1) (1) (2) (5)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.32) (0.40) — — —
’25 (0.13) (0.65) (0.08) (0.30) (1.17)
’24 (0.75) (0.35) (0.31) (0.51) (2.02)
’23 (0.50) (0.75) (0.75) (1.25) (3.75)
’22 (1.00) (1.25) (0.76) (1.25) (4.50)
’21 (7.00) 0.06 (2.25) (1.75) (9.25)
’20 (0.60) (0.96) (0.84) (0.96) (3.37)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 17.35 26.08 30.04 — — — — — 4.66 3.75

Analyst estimates 2026–2028

Powerpack
High 26.51 28.43 30.50 — — — — — 7.00 11.54
People
People Employees — — — — — — — — 57 71
Revenue/emp, $m — — — — — — — — 0.00 0.14
Income, $m
Income, $m Revenue — — — — — — — — — 10
Gross margin, % — — — — — — — — — 81.26
EBT — — — (7) (6) (20) (12) (14) (15) (21)
EBT margin, % — — — 0.00 0.00 0.00 0.00 0.00 0.00 (202.24)
Net income — — — (7) (6) (20) (12) (14) (15) (21)
Depreciation — — — 0 0 0 0 0 0 0
Per share, $
Per share, $ Revenue — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.58
Earnings — — — (5.25) (3.37) (9.25) (4.50) (3.75) (2.02) (1.17)
Cash flow — — — (2.03) (3.17) (4.63) (3.40) (2.45) (1.07) (1.15)
Capex — — — 0.00 (0.01) (0.03) 0.00 0.00 0.00 (0.02)
Free cash flow — — — (2.03) (3.17) (4.66) (3.40) (2.45) (1.07) (1.17)
Book value — — — 4.17 0.01 4.23 (0.49) (1.31) 5.39 3.54
Shares, m — — — 1 2 2 3 4 7 18
Valuation, ×
Valuation, × P/E — — — — — — — — — 0.00
P/S — — — — — — — — — 11.24
P/B — — — — — — — — — 1.84
EV/Sales — — — — — — — — — 4.87
EV/FCF — — — — — — — — — (2.40)
Cash, $m
Cash, $m Operating cash flow — — — (3) (5) (10) (9) (9) (8) (20)
Capex — — — — 0 0 0 — 0 0
Free cash flow — — — (3) (5) (10) (9) (9) (8) (21)
Balance, $m
Balance, $m Working capital — — — 5 4 10 (2) (1) 47 70
Total debt — — — 1 3 — — — — —
Net debt — — — (5) (3) (11) (2) (1) (49) (66)
Shareholders’ equity — — — 5 0 9 (1) (5) 39 63
Returns, %
Returns, % ROA — — — 0.00 (78.00) (183.38) (153.05) (509.46) (55.61) (31.69)
ROIC — — — (685.00) 0.00 0.00 0.00 0.00 0.00 0.00
ROE — — — 0.00 (219.92) (432.14) (314.28) 456.96 (86.00) (40.68)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Alpha Cognition Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ADCT ADC Therapeutics SA $190.2M — (loss-making) — (loss-making) +2.17% (above 0%: growing) n/m +50.98% (above 0%: growing) 87.80% (132.03%) Compare
STRO Sutro Biopharma, Inc. $190.0M — (loss-making) — (loss-making) −84.57% (below 0%: shrinking) n/m +14.55% (above 0%: growing) 100.00% (303.77%) Compare
YARW Yarrow Bioscience, Inc $188.8M — (loss-making) — (loss-making) +40.58% (above 0%: growing) n/m +81.56% (above 0%: growing) 100.00% (3,197.94%) Compare
TRDA Entrada Therapeutics, Inc. $186.1M — (loss-making) — (loss-making) −53.95% (below 0%: shrinking) n/m −9.10% (below 0%: shrinking) 100.00% (5,007.02%) Compare
UPB Upstream Bio, Inc. $184.6M — (loss-making) — (loss-making) −17.50% (below 0%: shrinking) n/m +9.33% (above 0%: growing) 100.00% (5,480.98%) Compare
ELDN Eledon Pharmaceuticals, Inc. $184.5M — (loss-making) — — n/m −28.02% (below 0%: shrinking) 0.00% 0.00% Compare
SION Sionna Therapeutics, Inc. $184.5M — (loss-making) — — n/m −22.40% (below 0%: shrinking) — 0.00% Compare
ACOG Alpha Cognition Inc. $184.0M — (loss-making) — +267.56% (above 0%: growing) n/m −109.25% (below 0%: shrinking) 94.80% (127.29%)
BCYC Bicycle Therapeutics PLC Sponsored ADR $181.4M — (loss-making) — (loss-making) −78.46% (below 0%: shrinking) n/m +31.95% (above 0%: growing) 100.00% (8,673.93%) Compare
Median of peers $185.4M — — −35.72% — +11.94% 100.00% (1,750.85%)

All 614 Biotechnology stocks →

Alpha Cognition Inc. (ACOG) key facts

  • Alpha Cognition Inc. (ACOG) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • Alpha Cognition Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.2 million.
  • As of October 16, 2026, ACOG traded at $8.19, a market capitalization of $184.0 million.
  • Return on equity was −40.7% and debt-to-equity 0.00.
  • Its Altman Z-score is 2.55 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Alpha Cognition Inc. (ACOG) Latest News

13 Aug

stockrow.com/ACOG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com