Filing Flows › Alpha Cognition (ACOG) › Q2 2026
Alpha Cognition (ACOG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Alpha Cognition (ACOG) reported revenue of $6.1M for the second quarter 2026 (Q2 2026), +268% from a year earlier and +72% from the quarter before. Operating margin was -127.3%, net loss $8.8M (144.3% of revenue).
Alpha Cognition, Q2 2026: revenue $6.1M (+268% year over year), operating margin -127.3%, net loss $8.8M, operating cash flow −$6.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.1M | +72% | +268% |
| Operating profit | −$7.8M | — | — |
| Net earnings | −$8.8M | — | — |
| Operating cash flow | −$6.9M | — | — |
What changed
Revenue was $6.1M in Q2 2026, up 268% year over year and up 72% from the previous quarter. Product, net was the largest line at 99% of revenue. Product, net added $4.5M year over year (up 283%), 101% of the total change. Licensing declined 37%.
Gross margin was 93.6%, up 5.9 points from Q2 2025. Operating costs exceeded revenue by $7.8M, an operating margin of -127.3%. Operating expenses grew 36% against revenue growth of 268%. The fastest-growing cost line was Research & development (+395%). The quarter ended with a net loss of $8.8M, wider than the previous quarter's $6.5M loss.
Operating cash flow was −$6.9M. Non-cash charges added back $104K of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items added $376K. Capital expenditures of $99K exceeded it, leaving free cash flow of −$7.0M.
Questions
What was Alpha Cognition's revenue in the second quarter 2026?
Alpha Cognition (ACOG) reported revenue of $6.1M for the second quarter 2026 (Q2 2026), +268% from a year earlier and +72% from the quarter before.
Was Alpha Cognition profitable in the second quarter 2026?
Operating loss was $7.8M (-127.3% of revenue) and net loss $8.8M.
Source: Alpha Cognition 10-Q on SEC EDGAR.