Alpha Cognition Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | $10.2M | — | — | — |
| Cost of revenue | $603,400 | — | — | — |
| Selling, general & administrative | $29.1M | $8.0M | — | — |
| Research and development | $1.9M | $3.9M | $4.9M | — |
| Operating expenses | $32.9M | $12.0M | $9.9M | — |
| Operating income | -$22.7M | -$12.0M | -$9.9M | — |
| Interest expense | — | $105,273 | $17,516 | — |
| Net income | -$20.7M | -$14.8M | -$13.8M | — |
| Balance Sheet | ||||
| Cash and equivalents | $66.0M | $48.5M | $1.4M | — |
| Current assets | $79.0M | $50.3M | $1.9M | — |
| Total assets | $79.7M | $50.7M | $2.5M | — |
| Current liabilities | $9.1M | $3.4M | $2.6M | — |
| Total liabilities | $17.2M | $11.6M | $7.2M | — |
| Stockholders' equity | $62.5M | $39.1M | -$4.7M | -$1.3M |
| Cash Flow Statement | ||||
| Cash from operations | -$20.4M | -$7.8M | -$8.8M | — |
| Depreciation and amortization | $58,572 | $1,345 | $2,103 | — |
| Stock-based compensation | $4.9M | $1.1M | $2.4M | — |
| Capital expenditure | $293,489 | $26,701 | — | — |
| Free cash flow | -$20.7M | -$7.8M | — | — |
| Impairments | — | $39,166 | — | — |
Shares outstanding 21.8M · Free float 75.6%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.