Filing Flows › Alpha Cognition (ACOG) › Q2 2025
Alpha Cognition (ACOG) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Alpha Cognition (ACOG) reported revenue of $1.7M for the second quarter 2025 (Q2 2025) and -43% from the quarter before. Operating margin was -346.1%, net loss $10.5M (632.7% of revenue).
Alpha Cognition, Q2 2025: revenue $1.7M, operating margin -346.1%, net loss $10.5M, operating cash flow −$6.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | -43% | — |
| Operating profit | −$5.7M | — | — |
| Net earnings | −$10.5M | — | — |
| Operating cash flow | −$6.1M | — | — |
What changed
Revenue was $1.7M in Q2 2025, down 43% from the previous quarter. Product Net was the largest line at 95% of revenue.
Gross margin was 87.7%. Operating costs exceeded revenue by $5.7M, an operating margin of -346.1%. The quarter ended with a net loss of $10.5M, wider than the previous quarter's $2.0M loss.
Operating cash flow was −$6.1M. Non-cash charges added back $12K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $8K exceeded it, leaving free cash flow of −$6.1M.
Questions
What was Alpha Cognition's revenue in the second quarter 2025?
Alpha Cognition (ACOG) reported revenue of $1.7M for the second quarter 2025 (Q2 2025) and -43% from the quarter before.
Was Alpha Cognition profitable in the second quarter 2025?
Operating loss was $5.7M (-346.1% of revenue) and net loss $10.5M.
Source: Alpha Cognition 10-Q on SEC EDGAR.