Filing Flows › Alpha Cognition (ACOG) › Q1 2026
Alpha Cognition (ACOG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Alpha Cognition (ACOG) reported revenue of $3.5M for the first quarter 2026 (Q1 2026), +21% from a year earlier and +27% from the quarter before. Operating margin was -229.1%, net loss $6.5M (183.3% of revenue).
Alpha Cognition, Q1 2026: revenue $3.5M (+21% year over year), operating margin -229.1%, net loss $6.5M, operating cash flow −$11.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5M | +27% | +21% |
| Operating profit | −$8.1M | — | — |
| Net earnings | −$6.5M | — | — |
| Operating cash flow | −$11.8M | — | — |
What changed
Revenue was $3.5M in Q1 2026, up 21% year over year and up 27% from the previous quarter. Product Net was the largest line at 99% of revenue. Product Net added $3.2M year over year (up 910%), 522% of the total change. License declined 99%.
Operating costs exceeded revenue by $8.1M, an operating margin of -229.1%. Total costs grew 84% against revenue growth of 21%. The fastest-growing cost line was Cost of revenue (+1861%). The quarter ended with a net loss of $6.5M, narrower than the previous quarter's $6.9M loss. Non-operating items added $1.6M, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$11.8M. Non-cash charges added back $30K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $6.8M. Capital expenditures of $1K exceeded it, leaving free cash flow of −$11.8M.
Questions
What was Alpha Cognition's revenue in the first quarter 2026?
Alpha Cognition (ACOG) reported revenue of $3.5M for the first quarter 2026 (Q1 2026), +21% from a year earlier and +27% from the quarter before.
Was Alpha Cognition profitable in the first quarter 2026?
Operating loss was $8.1M (-229.1% of revenue) and net loss $6.5M.
Source: Alpha Cognition 10-Q on SEC EDGAR.