Filing Flows › Alpha Cognition (ACOG) › Q3 2025
Alpha Cognition (ACOG) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Alpha Cognition (ACOG) reported revenue of $2.8M for the third quarter 2025 (Q3 2025) and +71% from the quarter before. Operating margin was -187.0%, net loss $1.3M (46.4% of revenue).
Alpha Cognition, Q3 2025: revenue $2.8M, operating margin -187.0%, net loss $1.3M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | +71% | — |
| Operating profit | −$5.3M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$5.3M | — | — |
What changed
Revenue was $2.8M in Q3 2025, up 71% from the previous quarter. Product Net was the largest line at 82% of revenue.
Operating costs exceeded revenue by $5.3M, an operating margin of -187.0%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $10.5M loss. Non-operating items added $4.0M, -303% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$5.3M. Non-cash charges added back $13K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $5.1M. Capital expenditures of $74K exceeded it, leaving free cash flow of −$5.4M.
Questions
What was Alpha Cognition's revenue in the third quarter 2025?
Alpha Cognition (ACOG) reported revenue of $2.8M for the third quarter 2025 (Q3 2025) and +71% from the quarter before.
Was Alpha Cognition profitable in the third quarter 2025?
Operating loss was $5.3M (-187.0% of revenue) and net loss $1.3M.
Source: Alpha Cognition 10-Q on SEC EDGAR.