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ACOG

Alpha Cognition Inc.

Company overview

Market capitalization
$187.29M
Employees
71
Latest publication
2026-09-29
About Alpha Cognition Inc.

Alpha Cognition Inc., a biopharmaceutical company, engages in the development of treatments for patients suffering from neurodegenerative diseases in the United States and Canada. The company's commercial development program includes ZUNVEYL oral tablet formulation for treating Alzheimer's disease. Its pre-clinical development programs comprise ZUNVEYL in combination with memantine for the treatment of moderate-to-severe Alzheimer's disease; ALPHA-1062 sublingual formulation; ALPHA-1062 intranasal formulation for the treatment of cognitive impairment with mild traumatic brain injury; and ALPHA-0602, ALPHA-0702, and ALPHA-0802 programs for the treatment of neurodegenerative diseases, including amyotrophic lateral sclerosis disease and spinal muscular atrophy. Alpha Cognition Inc. was founded in 2000 and is headquartered in Grapevine, Texas.

Company website

Financial statements

Income Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Revenue6,092,974USD3,533,798USD2,793,076USD2,840,858USD1,657,687USD2,928,654USD0USD0USD
Cost Of Revenue391,057USD22,923USD279,372USD640,614USD534,097USD836,541USD20,395USD19,997USD
Gross Profit5,701,917USD3,510,875USD2,513,704USD2,200,244USD1,123,590USD2,092,113USD-20,395USD-19,997USD
Research Development2,008,870USD1,096,305USD569,749USD573,592USD317,120USD407,511USD1,038,598USD996,029USD
Selling General Administrative11,449,054USD10,256,557USD9,853,936USD6,945,804USD6,538,085USD5,311,525USD1,333,646USD1,024,868USD
Total Operating Expenses13,457,924USD11,607,102USD10,438,974USD7,512,230USD6,860,591USD5,702,556USD2,347,881USD1,986,395USD
Operating Income-7,756,007USD-8,096,227USD-7,925,270USD-5,311,986USD-5,737,000USD-3,610,443USD-2,347,881USD-1,986,395USD
Total Other Income Expense Net-1,033,733USD1,618,209USD1,068,964USD3,993,912USD-4,751,951USD1,603,900USD-3,310,855USD126,489USD
Interest Income380,735USD506,056USD634,160USD377,671USD425,670USD470,676USD145,518USD1,916USD
Net Income-8,789,740USD-6,478,018USD-6,856,306USD-1,318,074USD-10,488,952USD-2,006,543USD-5,658,736USD-1,859,906USD
Net Income Applicable To Common Shares-8,789,740USD———————
Net Interest Income—506,056USD634,160USD377,671USD425,670USD456,975USD20,556USD-457,030USD
Income Before Tax—-6,478,018USD-6,856,306USD-1,318,074USD-10,488,952USD-2,006,543USD-5,658,736USD-1,859,906USD
Net Income From Continuing Ops—-6,478,018USD-6,856,306USD-1,318,074USD-10,488,952USD-2,006,543USD-5,658,736USD-1,859,906USD
Ebit—-8,125,997USD-7,925,270USD-5,311,986USD-5,737,001USD-1,992,842USD-5,638,343USD-1,755,751USD
Ebitda—-8,096,227USD-7,898,147USD-5,299,433USD-5,725,387USD-1,985,560USD-5,617,948USD-1,735,754USD
Depreciation And Amortization—29,770USD27,123USD12,553USD11,614USD7,282USD20,395USD19,997USD
Reconciled Depreciation—29,770USD27,123USD12,553USD11,614USD7,282USD20,395USD19,997USD
Interest Expense———377,671USD644USD13,701USD20,393USD104,155USD
Selling And Marketing Expenses—————47,333USD85,661USD6,623USD
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Income Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
Total Revenue10,220,275USD0USD0USD0USD0USD0USD
Cost Of Revenue1,915,323USD81,220USD————
Gross Profit8,304,952USD-81,220USD————
Research Development1,867,972USD3,918,543USD4,998,253USD8,816,842USD7,973,340USD4,673,022USD
Selling General Administrative27,226,335USD7,223,493USD4,669,521USD4,016,266USD3,279,976USD950,442USD
Selling And Marketing Expenses1,812,762USD97,535USD19,791USD31,733USD103,250USD—
Total Operating Expenses30,965,645USD11,860,655USD9,617,814USD13,465,624USD11,568,728USD5,705,180USD
Operating Income-22,660,689USD-11,860,655USD-9,617,814USD-13,465,624USD-11,568,728USD-5,705,180USD
Interest Income1,899,370USD161,664USD6,804USD1,925USD2,074USD22,590USD
Net Interest Income1,899,370USD-483,473USD-60,908USD-170,955USD-526,086USD-747,781USD
Income Before Tax-20,669,875USD-14,636,865USD-13,772,567USD-12,114,698USD-19,545,016USD-5,784,207USD
Net Income-20,669,875USD-14,636,865USD-13,772,567USD-12,114,698USD-19,545,016USD-5,784,207USD
Net Income From Continuing Ops-20,669,875USD-14,636,865USD-13,772,567USD-12,114,698USD-19,545,016USD-5,784,207USD
Ebit-22,719,261USD-14,451,088USD-13,704,855USD-11,941,818USD-19,016,856USD-5,013,836USD
Ebitda-22,660,689USD-14,369,868USD-13,620,376USD-11,850,895USD-18,926,979USD-4,932,392USD
Depreciation And Amortization58,572USD81,220USD84,479USD90,923USD89,877USD81,444USD
Reconciled Depreciation58,572USD81,220USD84,479USD90,923USD89,877USD81,444USD
Total Other Income Expense Net1,990,814USD-2,776,210USD-4,154,753USD1,350,926USD-7,976,288USD-79,027USD
Interest Expense—185,777USD67,712USD172,880USD528,160USD770,371USD
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Balance sheet Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
Total Assets64,519,883USD69,248,341USD79,730,235USD46,301,213USD45,122,942USD48,608,419USD50,736,938USD5,028,072USD
Cash And Equivalents41,384,287USD———————
Total Current Assets57,926,682USD68,556,826USD79,010,272USD45,701,650USD44,648,207USD48,118,956USD50,251,178USD4,514,332USD
Other Current Assets4,614,222USD4,686,664USD3,545,452USD2,957,687USD2,413,177USD1,099,880USD836,409USD823,148USD
Total Liabilities11,558,134USD———————
Total Current Liabilities6,412,718USD5,425,117USD9,130,075USD6,830,223USD3,039,658USD2,807,397USD3,350,752USD3,005,836USD
Other Current Liabilities71,540USD———————
Other Non Current Liabilities34,716USD———————
Total Stockholder Equity52,961,749USD57,456,505USD62,530,175USD33,913,810USD31,896,316USD40,811,875USD41,463,045USD-2,919,631USD
Total Equity Including Noncontrolling Interest52,961,749USD———————
Deferred Revenue103,192USD———————
Deferred Revenue Non Current30,170USD———————
Net Receivables5,474,956USD3,578,173USD4,236,136USD2,845,701USD1,953,968USD608,503USD253,426USD24,795USD
Inventory6,394,817USD6,043,714USD5,123,496USD4,499,363USD875,852USD883,376USD615,133USD—
Property Plant Equipment Net374,692USD305,479USD328,540USD202,754USD72,539USD70,452USD27,077USD1,011USD
Accounts Payable1,188,007USD1,434,985USD8,976,904USD838,012USD752,334USD821,868USD872,676USD790,310USD
Common Stock133,952,684USD133,952,684USD133,891,673USD101,826,126USD99,154,053USD99,128,230USD99,128,230USD49,149,464USD
Retained Earnings-112,374,533USD-103,584,793USD-97,106,775USD-90,098,607USD-88,780,533USD-78,291,581USD-76,285,038USD-70,626,302USD
Accumulated Other Comprehensive Income-104,301USD-104,301USD-104,301USD-104,301USD-104,301USD-104,301USD-104,301USD-104,301USD
Intangible Assets—386,036USD391,423USD396,809USD402,196USD407,582USD412,969USD432,729USD
Total Liab—11,791,836USD17,200,060USD12,387,403USD13,226,626USD7,796,544USD9,273,893USD7,947,703USD
Other Current Liab—5,309,967USD—6,529,007USD2,055,488USD1,745,993USD1,566,613USD953,286USD
Capital Stock—133,952,746USD133,891,735USD101,826,188USD99,154,115USD99,128,292USD99,128,292USD49,149,526USD
Cash—54,248,275USD66,105,188USD35,398,899USD39,405,210USD45,527,197USD48,546,210USD3,666,389USD
Cash And Short Term Investments—54,248,275USD66,105,188USD35,398,899USD39,405,210USD45,527,197USD48,546,210USD3,666,389USD
Current Deferred Revenue—115,150USD153,171USD301,216USD231,836USD239,536USD—50,777USD
Net Debt—-54,248,275USD-66,105,188USD-35,398,899USD-39,405,210USD-45,527,197USD-47,634,747USD-1,452,052USD
Property Plant Equipment Gross—305,479USD328,540USD202,754USD72,539USD84,341USD39,071USD12,370USD
Common Stock Shares Outstanding—21,926,101shares22,225,000shares16,413,023shares16,020,702shares16,019,787shares11,204,059shares6,030,259shares
Non Current Assets Total—691,515USD719,962USD599,563USD474,735USD489,463USD485,760USD513,740USD
Non Current Liabilities Total—6,366,719USD8,069,985USD5,557,180USD10,186,968USD4,989,147USD5,923,141USD4,941,867USD
Non Current Liabilities Other—37,055USD47,181USD152,166USD187,851USD113,996USD102,783USD1,489,515USD
Non Currrent Assets Other—305,479USD—202,754USD—11,429USD45,714USD80,000USD
Net Working Capital—63,131,709USD69,880,197USD38,871,427USD41,608,549USD45,311,559USD46,900,426USD1,508,496USD
Unclassified Current Liabilities—-1,434,985USD—————-1,211,463USD
Unclassified Non Current Liabilities—6,329,664USD8,022,804USD5,405,014USD9,999,117USD4,875,151USD5,820,358USD2,449,478USD
Unclassified Equity—-106,759,831USD-108,042,157USD-79,535,596USD-77,527,018USD-79,048,765USD-80,404,138USD-30,488,018USD
Good Will——391,423USD—————
Short Term Debt——————911,463USD1,211,463USD
Short Long Term Debt——————911,463USD1,211,463USD
Short Long Term Debt Total——————911,463USD2,214,337USD
Long Term Debt———————1,002,874USD
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Balance sheet Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
Total Assets79,730,235USD50,736,938USD2,452,170USD2,950,951USD12,880,388USD8,436,205USD
Intangible Assets391,423USD412,969USD532,010USD614,386USD696,762USD729,137USD
Other Current Assets3,545,452USD836,409USD366,316USD249,045USD868,832USD334,658USD
Total Liab17,200,060USD9,273,893USD7,164,774USD4,271,128USD3,850,797USD8,420,197USD
Total Stockholder Equity62,530,175USD41,463,045USD-4,712,604USD-1,320,177USD9,029,591USD16,008USD
Common Stock133,891,673USD99,128,230USD50,354,313USD40,258,943USD40,011,714USD14,568,312USD
Capital Stock133,891,735USD99,128,292USD50,354,313USD40,258,943USD40,011,776USD14,568,312USD
Retained Earnings-97,106,775USD-76,285,038USD-63,353,768USD-49,986,851USD-38,033,903USD-18,488,887USD
Good Will391,423USD—————
Cash66,105,188USD48,546,210USD1,494,573USD2,083,696USD11,301,793USD5,926,350USD
Cash And Short Term Investments66,105,188USD48,546,210USD1,494,573USD2,083,696USD11,301,793USD5,926,350USD
Total Current Assets79,010,272USD50,251,178USD1,918,439USD2,332,741USD12,170,625USD7,700,231USD
Total Current Liabilities9,130,075USD3,350,752USD2,624,902USD4,056,844USD1,802,670USD3,577,358USD
Current Deferred Revenue153,171USD—10,413USD———
Net Debt-66,105,188USD-47,634,747USD-274,201USD-872,233USD-10,225,973USD-2,711,342USD
Net Receivables4,236,136USD253,426USD57,549USD——1,439,223USD
Inventory5,123,496USD615,133USD0USD———
Accounts Payable8,976,904USD872,676USD475,553USD2,016,057USD454,992USD27,542USD
Property Plant Equipment Net328,540USD27,077USD1,721USD3,824USD13,001USD6,837USD
Property Plant Equipment Gross328,540USD39,071USD1,721USD3,824USD13,001USD6,837USD
Accumulated Other Comprehensive Income-104,301USD-104,301USD8,286,851USD8,407,731USD7,051,718USD3,936,583USD
Common Stock Shares Outstanding17,680,597shares7,247,864shares3,585,440shares2,718,887shares2,133,322shares2,073,757shares
Non Current Assets Total719,962USD485,760USD533,731USD618,210USD709,763USD735,974USD
Non Current Liabilities Total8,069,985USD5,923,141USD4,539,872USD214,284USD2,048,127USD4,842,839USD
Non Current Liabilities Other47,181USD102,783USD84,125USD8,295USD——
Net Working Capital69,880,197USD46,900,426USD-706,463USD-1,724,103USD10,367,955USD4,122,873USD
Unclassified Non Current Liabilities8,022,804USD5,820,358USD4,455,747USD—2,048,127USD1,651,831USD
Unclassified Equity-108,042,157USD-80,404,138USD-50,354,313USD-40,258,943USD-40,011,714USD-14,568,312USD
Other Current Liab—1,566,613USD1,394,117USD829,324USD271,858USD3,525,816USD
Short Term Debt—911,463USD1,220,372USD1,211,463USD1,075,820USD24,000USD
Short Long Term Debt—911,463USD1,220,372USD1,211,463USD1,075,820USD24,000USD
Short Long Term Debt Total—911,463USD1,220,372USD1,211,463USD1,075,820USD3,215,008USD
Non Currrent Assets Other—45,714USD————
Unclassified Current Liabilities——-1,695,925USD-1,211,463USD-1,075,820USD—
Long Term Debt—————3,191,008USD
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Cash flow YTD

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ2 20262026-06-30 · USD
Depreciation133,356USD
Stock Based Compensation2,855,328USD
Change To Account Receivables-1,238,820USD
Change To Inventory-1,271,321USD
Change To Liabilities-2,722,158USD
Change In Working Capital-6,301,070USD
Operating Cash Flow-18,656,708USD
Capital Expenditures-99,892USD
Unclassified Investing Cash Flow-5,906,702USD
Investing Cash Flow-6,006,594USD
Financing Cash Flow800USD
Change In Cash-24,662,502USD
End Cash Flow41,442,687USD
SourceDisclosureDeterministicFinal

Cash flow Quarterly

Exact reported values; units shown beside each amount. Missing values are —.
MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
Net Income-6,478,018USD-6,856,306USD-1,318,074USD-10,488,952USD-2,006,543USD-5,658,736USD-1,859,906USD-2,119,602USD
Depreciation29,770USD27,123USD12,553USD11,614USD7,282USD20,395USD19,997USD19,997USD
Stock Based Compensation1,403,548USD945,502USD1,074,080USD1,547,570USD1,355,373USD62,646USD193,741USD375,327USD
Other Non Cash Items-1,712,216USD-599,490USD-2,687,094USD5,282,578USD-1,092,250USD3,408,508USD142,262USD-192,192USD
Change To Account Receivables657,963USD-1,355,635USD-1,042,197USD-1,390,900USD-422,796USD—0USD0USD
Change To Inventory-920,218USD-573,956USD-3,677,856USD7,524USD-268,243USD—0USD0USD
Change In Working Capital-5,041,076USD-423,247USD-1,353,189USD-2,492,306USD-308,142USD-136,540USD113,362USD497,536USD
Total Cash From Operating Activities-11,797,992USD-6,906,418USD-5,345,805USD-6,139,496USD-2,044,280USD-2,303,727USD-1,584,284USD-1,418,934USD
Capital Expenditures-1,318USD-134,855USD-75,294USD-8,315USD-63,270USD0USD-4USD-2USD
Free Cash Flow-11,797,992USD-7,041,273USD-5,421,100USD-6,147,811USD-2,107,550USD-2,303,727USD-1,584,280USD-1,418,934USD
Total Cashflows From Investing Activities-1,322USD-147,523USD-75,295USD-8,315USD-63,270USD-26,701USD——
Net Borrowings0USD0USD0USD0USD-911,463USD-300,000USD4,545,000USD—
Total Cash From Financing Activities800USD37,701,831USD1,381,478USD-10,808USD-834,303USD47,121,111USD4,152,495USD190,055USD
Change In Cash-11,798,514USD30,647,890USD-4,006,311USD-6,158,619USD-2,941,853USD44,790,683USD2,579,216USD-1,228,879USD
Begin Period Cash Flow66,105,189USD35,457,299USD39,463,610USD45,622,229USD48,564,082USD3,773,399USD1,194,183USD2,423,062USD
End Period Cash Flow54,306,675USD66,105,189USD35,457,299USD39,463,610USD45,622,229USD48,564,082USD3,773,399USD1,194,183USD
Other Cashflows From Investing Activities-1,322USD-12,668USD-145,966USD—-63,270USD-544USD——
Other Cashflows From Financing Activities800USD-72,982USD-123USD-20,464USD77,160USD-5,387,804USD-67,774USD190,055USD
Issuance Of Capital Stock—34,321,975USD0USD0USD0USD52,808,915USD0USD0USD
Unclassified Financing Cash Flow—3,452,838USD1,381,601USD—————
Investments——-74,381USD-8,315USD-63,270USD-26,701USD0USD0USD
Unclassified Operating Cash Flow——-1,074,081USD—————
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Cash flow Yearly

Exact reported values; units shown beside each amount. Missing values are —.
MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
Net Income-20,669,875USD-14,636,865USD-13,772,567USD-12,114,698USD-19,545,016USD-5,784,207USD
Depreciation58,572USD81,220USD84,479USD90,923USD89,877USD81,444USD
Stock Based Compensation4,922,525USD979,799USD2,369,585USD1,701,807USD1,792,932USD554,920USD
Other Non Cash Items-72,706USD6,061,871USD4,147,249USD-1,649,770USD8,071,828USD36,006USD
Change To Account Receivables-4,236,136USD0USD———13,189USD
Change To Inventory-4,508,363USD-615,133USD0USD———
Change In Working Capital-4,618,883USD-241,679USD-1,557,534USD2,730,088USD-288,959USD-325,823USD
Total Cash From Operating Activities-20,380,367USD-7,755,654USD-8,728,788USD-9,241,650USD-9,879,338USD-5,437,660USD
Capital Expenditures-293,489USD-26,701USD-5USD-4,876USD-63,666USD-9,238USD
Free Cash Flow-20,673,856USD-7,782,355USD-8,728,788USD-9,246,526USD-9,943,004USD-5,446,898USD
Total Cashflows From Investing Activities-293,489USD-26,701USD—-4,876USD459,375USD-9,238USD
Net Borrowings-911,463USD4,245,000USD-55,000USD0USD0USD—
Total Cash From Financing Activities38,214,963USD54,851,864USD8,159,238USD24,785USD14,878,245USD5,875,740USD
Issuance Of Capital Stock34,321,975USD56,541,384USD9,223,587USD0USD13,651,183USD1,898,740USD
Change In Cash17,541,107USD47,069,509USD-589,123USD-9,218,097USD5,375,443USD428,842USD
Begin Period Cash Flow48,564,082USD1,494,573USD2,083,696USD11,301,793USD5,926,350USD5,497,508USD
End Period Cash Flow66,105,189USD48,564,082USD1,494,573USD2,083,696USD11,301,793USD5,926,350USD
Other Cashflows From Investing Activities-293,489USD———-50,000USD—
Other Cashflows From Financing Activities-2,506,693USD-5,934,520USD-1,009,349USD24,785USD1,227,062USD-23,000USD
Unclassified Financing Cash Flow7,311,144USD————4,000,000USD
Investments—-26,701USD0USD-4,876USD459,375USD-9,238USD
Dividends Paid——0USD0USD0USD0USD
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Operating metrics

No operating metrics are currently published for this company.

Revenue breakdown

PeriodDimensionBusiness / regionRevenueCurrencySource
Q1 2026Quarterly · 2026-03-31GeographyChina29,977USD0001213900-26-056588
Q1 2026Quarterly · 2026-03-31GeographyUnited States3,503,821USD0001213900-26-056588
Q1 2026Quarterly · 2026-03-31ProductLicense29,977USD0001213900-26-056588
Q1 2026Quarterly · 2026-03-31ProductProduct Net3,503,821USD0001213900-26-056588
FY 2025Yearly · 2025-12-31GeographyChina3,428,251USD0001213900-26-037614
FY 2025Yearly · 2025-12-31GeographyUnited States6,792,024USD0001213900-26-037614
Q3 2025Quarterly · 2025-09-30ProductLicense506,636USD0001213900-25-110061
Q3 2025Quarterly · 2025-09-30ProductProduct Net2,334,222USD0001213900-25-110061
Q2 2025Quarterly · 2025-06-30ProductLicense81,276USD0001213900-25-076600
Q2 2025Quarterly · 2025-06-30ProductProduct Net1,576,411USD0001213900-25-076600
Q1 2025Quarterly · 2025-03-31GeographyChina2,581,725USD0001213900-26-056588
Q1 2025Quarterly · 2025-03-31GeographyUnited States346,929USD0001213900-26-056588
Q1 2025Quarterly · 2025-03-31ProductLicense2,581,725USD0001213900-26-056588
Q1 2025Quarterly · 2025-03-31ProductProduct Net346,929USD0001213900-26-056588

Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.