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Scilex Holding vs Alpha Cognition: SCLX and ACOG compared
Scilex Holding is the larger company: $7.6M of revenue in its latest quarter (Q2 2026) against $6.1M for Alpha Cognition (Q2 2026). Alpha Cognition is growing faster (+268% against -23% a year earlier). Alpha Cognition is more profitable, with an operating margin of -127.3% against -385.0%.
Where the money goes: SCLX and ACOG
Scilex Holding (SCLX) · Q2 2026
Scilex Holding, Q2 2026: revenue $7.6M (-23% year over year), operating margin -385.0%, net loss $115M, operating cash flow −$6.7M. The chart follows the revenue to costs, profit and cash.
Alpha Cognition (ACOG) · Q2 2026
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.
| Scilex Holding (SCLX) | Alpha Cognition (ACOG) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $7.6M | $6.1M |
| Revenue growth, Y/Y | -23% | +268% |
| Operating margin | -385.0% | -127.3% |
| Net earnings | −$115M | −$8.8M |
| Net margin | — | -144.3% |
| Operating cash flow | −$6.7M | −$6.9M |
Where the revenue comes from
Alpha Cognition
- Product, net: $6.0M (99%)
- Licensing: $51K (1%)
Questions
Which is bigger, Scilex Holding or Alpha Cognition?
Scilex Holding is the larger company: $7.6M of revenue in its latest quarter (Q2 2026) against $6.1M for Alpha Cognition (Q2 2026).
Is Scilex Holding or Alpha Cognition growing faster?
Alpha Cognition is growing faster (+268% against -23% a year earlier).
Which is more profitable, Scilex Holding or Alpha Cognition?
Alpha Cognition is more profitable, with an operating margin of -127.3% against -385.0%.
More: Scilex Holding earnings · how Scilex Holding makes money · Alpha Cognition earnings · how Alpha Cognition makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.