ACOG Alpha Cognition Inc. - Common Stock
$9.48
Price · Aug 25, 2026
Fundamentals as of Aug 13, 2026
52W Range
$5–$10
88% of range
Analyst Rating
BUY
10 analysts
Price Target
$17
+77% upside
P/E (TTM)
-8.0
ROE
-43.8%
Net Profit Margin
-202.2%
ACOG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$9.48
Market Cap
$206M
P/E (TTM)
-8.0
EPS (TTM)
$-1.18
Revenue (TTM)
$10M
Div Yield
—
ROE
-43.8%
Debt/Equity
—
52W Range
$5 – $10
ACOG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$10M
2025-12-31
→
2025-12-31
EPS
$-1.18
2023-12-31
→
2025-12-31
Free Cash Flow
$-21M
2024-12-31
→
2025-12-31
Margins
-202.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ACOG
Peer Median
P/E (TTM)
-8.0
—
P/S (TTM)
20.2
418.4
P/B
3.3
2.3
Price / FCF
-10.0
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ACOG
Peer Median
Operating Margin
-221.7%
—
Net Profit Margin
-202.2%
-549.8%
ROA
-31.7%
-41.8%
ROE
-43.8%
-54.1%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ACOG
Peer Median
Current Ratio
8.7
12.6
Quick Ratio
7.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ACOG
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ACOG
Peer Median
ACOG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
10 analysts
- Strong Buy 2 20.0%
- Buy 7 70.0%
- Hold 1 10.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-19
Median
$17.50
Mean
$16.75
← Below all targets
$9.48
Low
$12.00
High
$20.00
Median target
$17.50
+84.6%
Mean target
$16.75
+76.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.10%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.40 | $-0.40 | -0.00% |
| March 31, 2026 | $-0.32 | $-0.39 | 0.07% |
| Dec. 31, 2025 | $-0.31 | $-0.28 | -0.03% |
| Sept. 30, 2025 | $-0.08 | $-0.44 | 0.36% |
| June 30, 2025 | $-0.65 | $-0.52 | -0.13% |
| March 31, 2025 | $-0.13 | $-0.59 | 0.46% |
| Dec. 31, 2024 | $-0.51 | $-0.49 | -0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ACOG | $141M | -5.5 | — | -202.2% | -43.8% | — |
| ZYME | $1.97B | -24.4 | 38.9% | -76.6% | -26.9% | — |
| PMN | $15M | -0.3 | — | — | 4840.3% | — |
| ENGN | — | — | — | — | — | — |
| XENE | $3.59B | -10.3 | — | -4612.1% | -56.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 |
|---|---|---|
| Revenue | $10M | |
| Cost of Revenue | $603.4K | |
| R&D Expense | $2M | |
| SG&A Expense | $29M | |
| Operating Expenses | $33M | |
| Operating Income | $-23M | |
| Other Non-op | $2M | |
| Net Income | $-21M | |
| EPS (Basic) | $-1.17 | |
| EPS (Diluted) | $-1.18 | |
| Shares (Basic) | 17,680,597 | |
| Shares (Diluted) | 17,681,429 | |
| EBITDA | $-23M |
Balance Sheet 19
| Metric | Trend | 2025 |
|---|---|---|
| Cash & Equivalents | $66M | |
| Receivables | $4M | |
| Inventory | $5M | |
| Prepaid Expense | $4M | |
| Current Assets | $79M | |
| PP&E (Net) | $328.5K | |
| Intangibles | $391.4K | |
| Total Assets | $80M | |
| Accounts Payable | $3M | |
| Current Liabilities | $9M | |
| Other Non-current Liabilities | $47.2K | |
| Total Liabilities | $17M | |
| Common Stock | $134M | |
| Paid-in Capital | $26M | |
| Retained Earnings | $-97M | |
| AOCI | $-104.3K | |
| Stockholders' Equity | $63M | |
| Liabilities + Equity | $80M | |
| Shares Outstanding | 21,742,104 |
Cash Flow 8
| Metric | Trend | 2025 |
|---|---|---|
| D&A | $58.6K | |
| Stock-based Comp | $5M | |
| Amort. of Intangibles | $21.5K | |
| Operating Cash Flow | $-20M | |
| CapEx | $293.5K | |
| Investing Cash Flow | $-293.5K | |
| Financing Cash Flow | $38M | |
| Free Cash Flow | $-21M |
Profitability 5
| Metric | Trend | 2025 |
|---|---|---|
| Operating Margin | -221.7% | |
| Net Margin | -202.2% | |
| EBITDA Margin | -221.7% | |
| ROA | -31.7% | |
| ROE | -43.8% |
Liquidity & Solvency 2
| Metric | Trend | 2025 |
|---|---|---|
| Current Ratio | 8.7 | |
| Quick Ratio | 7.7 |
Efficiency 3
| Metric | Trend | 2025 |
|---|---|---|
| Asset Turnover | 0.2 | |
| Inventory Turnover | 0.2 | |
| Receivables Turnover | 4.8 |
Valuation (TTM) 10
| Metric | Trend | 2025 |
|---|---|---|
| Revenue TTM | $10M | |
| Net Income TTM | $-21M | |
| Market Cap | $141M | |
| P/E | -5.5 | |
| P/S | 13.8 | |
| P/B | 2.3 | |
| P / Tangible Book | 2.3 | |
| P / Cash Flow | -6.9 | |
| P / FCF | -6.8 | |
| Earnings Yield | -18.1% |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $6M | $4M | $3M | $3M | $2M | $3M | |
| Cost of Revenue | $391.1K | · | · | · | $203.9K | $12.7K | |
| Gross Profit | $6M | · | · | · | $1M | · | |
| R&D Expense | $2M | $1M | $569.7K | $573.6K | $406.1K | $400.4K | |
| SG&A Expense | $11M | $10M | $10M | $7M | $9M | $5M | |
| Operating Expenses | $13M | $12M | $11M | $8M | $10M | $6M | |
| Operating Income | $-8M | $-8M | $-8M | $-5M | $-8M | $-3M | |
| Interest Income | $380.7K | $506.1K | · | · | $425.7K | $461.9K | |
| Other Non-op | $42.0K | $2M | $1M | $4M | $-5.5K | $2M | |
| Net Income | $-9M | $-6M | $-7M | $-1M | $-13M | $-2M | |
| EPS (Basic) | $-0.40 | $-0.30 | $-0.31 | $-0.08 | $-0.82 | $-0.11 | |
| EPS (Diluted) | $-0.40 | $-0.32 | $-0.10 | $-0.30 | $-0.82 | $-0.11 | |
| Shares (Basic) | 21,774,104 | 21,762,060 | -30,504,012 | 16,144,120 | 16,020,702 | 16,019,787 | |
| Shares (Diluted) | 21,774,104 | 21,926,101 | -30,503,180 | 16,144,120 | 16,020,702 | 16,019,787 | |
| EBITDA | $-8M | $-8M | · | $-5M | $-6M | $-4M |
Balance Sheet 23
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $41M | $54M | $66M | $35M | $39M | $46M | |
| Receivables | $5M | $4M | $4M | $3M | $2M | $422.8K | |
| Inventory | $6M | $6M | $5M | $4M | $875.9K | $883.4K | |
| Prepaid Expense | $5M | $5M | $4M | $3M | $2M | $1M | |
| Current Assets | $58M | $69M | $79M | $46M | $45M | $48M | |
| PP&E (Net) | $374.7K | $305.5K | $328.5K | $202.8K | $72.5K | $70.5K | |
| PP&E (Gross) | · | · | · | · | · | $84.3K | |
| Accum. Depreciation | · | · | · | · | · | $13.9K | |
| Intangibles | $6M | $386.0K | $391.4K | $396.8K | $402.2K | $407.6K | |
| Other Non-current Assets | · | · | · | · | · | $11.4K | |
| Total Assets | $65M | $69M | $80M | $46M | $45M | $49M | |
| Accounts Payable | $1M | $1M | $3M | $838.0K | $752.3K | $821.9K | |
| Current Liabilities | $6M | $5M | $9M | $7M | $3M | $3M | |
| Deferred Tax | · | · | · | · | · | $202.7K | |
| Other Non-current Liabilities | $34.7K | $37.1K | $47.2K | $152.2K | $187.9K | $114.0K | |
| Total Liabilities | $12M | $12M | $17M | $12M | $13M | $8M | |
| Common Stock | $134M | $134M | $134M | $102M | $99M | $99M | |
| Paid-in Capital | $31M | $27M | $26M | $22M | $22M | $20M | |
| Retained Earnings | $-112M | $-104M | $-97M | $-90M | $-89M | $-78M | |
| AOCI | $-104.3K | $-104.3K | $-104.3K | $-104.3K | $-104.3K | $-104.3K | |
| Stockholders' Equity | $53M | $57M | $63M | $34M | $32M | $41M | |
| Liabilities + Equity | $65M | $69M | $80M | $46M | $45M | $49M | |
| Shares Outstanding | 21,774,104 | 21,774,104 | 21,742,104 | 16,250,588 | 16,023,119 | 16,019,787 |
Cash Flow 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| D&A | $103.6K | $29.8K | $27.1K | $12.6K | $11.6K | $7.3K | |
| Stock-based Comp | $1M | $1M | $945.5K | $1M | $2M | $1M | |
| Amort. of Intangibles | $74.2K | $5.4K | $5.4K | $5.4K | $5.4K | $5.4K | |
| Operating Cash Flow | $-7M | $-12M | $-7M | $-5M | $-6M | $-2M | |
| CapEx | $98.6K | $1.3K | $147.5K | $74.4K | $8.3K | $63.3K | |
| Investing Cash Flow | $-6M | $-1.3K | $-147.5K | $-74.4K | $-8.3K | $-63.3K | |
| Financing Cash Flow | $0 | $800 | $38M | $1M | $-10.8K | $-834.3K | |
| Free Cash Flow | · | $-12M | · | · | · | $-2M |
Profitability 6
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 93.6% | · | · | · | · | · | |
| Operating Margin | -127.3% | -229.1% | · | -187.0% | -346.1% | -125.9% | |
| Net Margin | -144.3% | -183.3% | · | -46.4% | -632.8% | -68.5% | |
| EBITDA Margin | -127.3% | -229.1% | · | -187.0% | -346.1% | -125.9% | |
| ROA | -16.0% | -11.0% | · | -5.1% | -44.4% | -8.3% | |
| ROE | -20.7% | -13.2% | · | -8.5% | -68.8% | -9.8% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 9.0 | 12.6 | · | 6.7 | 14.7 | 17.1 | |
| Quick Ratio | 7.3 | 10.7 | · | 5.6 | 13.6 | 16.4 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | |
| Inventory Turnover | 0.1 | · | · | · | · | 0.0 | |
| Receivables Turnover | 1.7 | 1.8 | · | 2.0 | 1.8 | 13.9 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $14M | $11M | · | · | · | · | |
| Net Income TTM | $-30M | $-20M | · | $-16M | $-16M | $-11M | |
| Market Cap | $157M | $120M | · | $106M | $149M | $81M | |
| P/E | -3.9 | -4.0 | · | -4.7 | -6.5 | -3.0 | |
| P/S | 11.1 | 10.9 | · | · | · | · | |
| P/B | 3.0 | 2.1 | · | 3.1 | 4.7 | 2.0 | |
| P / Tangible Book | 3.4 | 2.1 | · | 3.2 | 4.7 | 2.0 | |
| P / Cash Flow | · | -10.1 | · | · | · | -39.7 | |
| P / FCF | · | -10.1 | · | · | · | -38.5 | |
| Earnings Yield | -25.5% | -25.1% | · | -21.3% | -15.4% | -32.8% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Revenue | $10M | — | — |
| Operating Margin % | -221.7% | — | — |
| Net Income | $-21M | $-15M | $-14M |
| Diluted EPS | $-1.18 | $-2.04 | $-3.84 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Current Ratio | 8.7 | 15.0 | — |
| Quick Ratio | 7.7 | 14.5 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Free Cash Flow | $-21M | $-8M | — |
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Institutional owners (13F) 25 filers · $75.6M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 1 (-2 vs prior Q) | 0 (-5 vs prior Q) | 6 (+1 vs prior Q) | 5 (0 vs prior Q) | -43K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Opaleye Management Inc. | $20,905,272 | 2,895,467 | 27.66% | Shares |
| Solas Capital Management, LLC | $13,895,735 | 1,924,617 | 18.38% | Shares |
| AWM Investment Company, Inc. | $12,073,053 | 1,672,168 | 15.97% | Shares |
| Cable Car Capital, LP | $9,980,488 | 1,382,339 | 13.20% | Shares |
| Ikarian Capital, LLC | $6,037,790 | 836,259 | 7.99% | Shares |
| SPHERA FUNDS MANAGEMENT LTD. | $3,940,792 | 545,816 | 5.21% | Shares |
| Alyeska Investment Group, L.P. | $2,635,300 | 365,000 | 3.49% | Shares |
| Aristides Capital LLC | $1,577,642 | 218,510 | 2.09% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $1,365,649 | 189,148 | 1.81% | Shares |
| CANTOR FITZGERALD, L. P. | $786,388 | 108,918 | 1.04% | Shares |
| CITADEL ADVISORS LLC | $704,282 | 97,546 | 0.93% | Shares |
| VILLERE ST DENIS J & CO LLC | $513,760 | 71,158 | 0.68% | Shares |
| TUDOR INVESTMENT CORP ET AL | $444,723 | 61,596 | 0.59% | Shares |
| ACT CAPITAL MANAGEMENT, LLC | $371,830 | 51,500 | 0.49% | Shares |
| TWO SIGMA INVESTMENTS, LP | $135,967 | 18,832 | 0.18% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $86,582 | 11,992 | 0.11% | Shares |
| RAYMOND JAMES FINANCIAL INC | $72,200 | 10,000 | 0.10% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $37,717 | 5,292 | 0.05% | Shares |
| UBS Group AG | $10,512 | 1,456 | 0.01% | Shares |
| Allworth Financial LP | $5,415 | 750 | 0.01% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $1,625 | 250 | 0.00% | Shares |
| Steward Partners Investment Advisory, LLC | $1,444 | 200 | 0.00% | Shares |
| MORGAN STANLEY | $1,444 | 200 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $1,000 | 122 | 0.00% | Shares |
| HARBOUR INVESTMENTS, INC. | $336 | 47 | 0.00% | Shares |
Company insiders 11 insiders · 3 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael E. Mcfadden | Chief Executive Officer | Jan. 9, 2026 A | 190,549 | 0 | 0 | $0 |
| Lauren D'Angelo | Chief Operating Officer | May 19, 2026 P | 140,695 | 1 | 0 | $20,160 |
| Huy Du Henry | VP Finance and Accounting | Jan. 9, 2026 A | 20,579 | 0 | 0 | $0 |
| Robert James Wills | Director | Aug. 21, 2026 P | 32,241 | 1 | 0 | $96,200 |
| Bethany Sensenig | Director | April 16, 2026 A | 5,489 | 0 | 0 | $0 |
| Kenneth Anthony Cawkell | Director | Jan. 14, 2026 A | 107,740 | 0 | 0 | $0 |
| Phillip Joseph Mertz | Director | Jan. 14, 2026 A | 29,703 | 0 | 0 | $0 |
| Rajeev Kumar Bakshi | Director | Jan. 14, 2026 A | 12,283 | 0 | 0 | $0 |
| Leonard Powell Mertz | Director | Jan. 14, 2026 A | 145,736 | 0 | 0 | $0 |
| John Prentiss Havens | Director | Feb. 25, 2025 A | 273,272 | 0 | 0 | $0 |
| Opaleye Management Inc. | 10% owner | Aug. 3, 2026 P | 3,048,223 | 43 | 0 | $5,661,980 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| John Havens ×2 filings | Nov. 15, 2024 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.