Filing Flows › Alpha Cognition (ACOG) › Q4 2025
Alpha Cognition (ACOG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Alpha Cognition (ACOG) reported revenue of $2.8M for the fourth quarter 2025 (Q4 2025) and -2% from the quarter before. Operating margin was -283.7%, net loss $6.9M (245.5% of revenue).
Alpha Cognition, Q4 2025: revenue $2.8M, operating margin -283.7%, net loss $6.9M, operating cash flow −$6.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8M | -2% | — |
| Operating profit | −$7.9M | — | — |
| Net earnings | −$6.9M | — | — |
| Operating cash flow | −$6.9M | — | — |
What changed
Revenue was $2.8M in Q4 2025, down 2% from the previous quarter. Product Net was the largest line at 91% of revenue.
Operating costs exceeded revenue by $7.9M, an operating margin of -283.7%. The quarter ended with a net loss of $6.9M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$6.9M. Non-cash charges added back $27K of depreciation and amortization and $946K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $148K exceeded it, leaving free cash flow of −$7.1M.
Questions
What was Alpha Cognition's revenue in the fourth quarter 2025?
Alpha Cognition (ACOG) reported revenue of $2.8M for the fourth quarter 2025 (Q4 2025) and -2% from the quarter before.
Was Alpha Cognition profitable in the fourth quarter 2025?
Operating loss was $7.9M (-283.7% of revenue) and net loss $6.9M.
Source: Alpha Cognition 10-K on SEC EDGAR.