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NASDAQ · Health care

Alpha Cognition Inc. (ACOG)

Alpha Cognition Inc. brought in $15.3M of revenue over the twelve months to June 30, 2026. It posted a net loss of $21M. In fiscal 2025 capital spending exceeded operating cash flow by $20.7M. At June 30, 2026 it held $41.4M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.

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Price
$8.90
+7.36% on the day · November 9, 2026
52-week range $4.50 to $10.14
Market cap
$193.8M
Revenue (last 12 months)
$15.3M
Net margin
-137.7%

Key facts about Alpha Cognition Inc.

Net worth
Alpha Cognition Inc. has a market value (market cap) of $193.8M at the latest share price, and shareholders' equity of $53M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $10.2M, with a net loss of $20.7M. Over the 12 months to June 30, 2026: revenue $15.3M, net loss $21M.
Cash flow
In fiscal 2025 operations used $20.4M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 13, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
Alpha Cognition Inc.'s next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

What Alpha Cognition Inc. does

Alpha Cognition Inc. is registered with the SEC under industry code SIC 2836 (Biological Products, (No Diagnostic Substances)). Its shares trade on NASDAQ under the ticker ACOG.

Revenue and profit by year

Net income
FY24: -$13.8M -$13.8M FY24FY24: -$14.8M -$14.8M FY24FY25: -$20.7M -$20.7M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$10.2M-$22.7M-$20.7M-$1.18-$20.7M
2024n/a-$12M-$14.8M-$2.04-$7.8M
2024n/a-$9.9M-$13.8M-$3.84n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around November 12, 2026.

Estimated from its filing rhythm: 52 weeks after its report of November 13, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where ACOG ranks in Health care

Revenue$10.2M
#519 of 751 in Health care · Bottom 31%
Net margin-202.2%
#481 of 544 in Health care · Bottom 12%
Free cash flow margin-202.3%
#438 of 490 in Health care · Bottom 11%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What Alpha Cognition Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 23, 2026
  2. August 13, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 268% to $6.1M versus the same quarter last year; diluted EPS -$0.40 versus -$0.82.
  3. July 24, 2026
  4. June 29, 2026
  5. June 23, 2026
  6. May 22, 2026
  7. May 14, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 21% to $3.5M versus the same quarter last year; diluted EPS -$0.32 versus -$0.11.
  8. May 12, 2026
  9. May 11, 2026
  10. May 1, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 26, 2026. Insider transactions on SEC

Insider trades

What the people running Alpha Cognition Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $2.2M worth of shares on the open market in the last 90 days and sold none.

Bought (open market)
$2.2M
last 90 days
Sold
$0
last 90 days
Net bought
253,761
$2.2M
DateInsiderWhatSharesPriceValueFiling
October 23, 2026 Opaleye Management Inc.10% owner Boughtindirect 14,973 $8.23 $123.3K Form 4
October 22, 2026 Opaleye Management Inc.10% owner Boughtindirect 17,117 $8.33 $142.5K Form 4
October 16, 2026 Opaleye Management Inc.10% owner Boughtindirect 14,283 $8.23 $117.6K Form 4
October 15, 2026 Opaleye Management Inc.10% owner Boughtindirect 22,657 $8.43 $191K Form 4
October 1, 2026 Opaleye Management Inc.10% owner Boughtindirect 19,050 $8.69 $165.6K Form 4
September 25, 2026 Opaleye Management Inc.10% owner Boughtindirect 13,426 $8.47 $113.7K Form 4
September 24, 2026 Opaleye Management Inc.10% owner Boughtindirect 18,337 $8.57 $157.1K Form 4
September 16, 2026 Opaleye Management Inc.10% owner Boughtindirect 53,029 $8.57 $454.6K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ACOG

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Opaleye Management Inc.13G, passive with 2 related filers 14.22% 3,095,193 July 24, 2026
AWM Investment Company, Inc.13G, passive 9.9% 2,172,036 February 13, 2026
Solas Capital Management, LLC13G, passive with 1 related filers 8.7% 1,393,328 February 14, 2025
James E. Besser13G, passive with 4 related filers 7.4% 1,639,255 September 23, 2026
Besser James E13G, passive with 1 related filers 6.2% 1,003,203 January 31, 2025
Funicular Funds, LP13G, passive with 2 related filers 5.1% 1,114,747 February 19, 2026

Latest filings below 5%: Ikarian Capital, LLC 4.9% (February 17, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 26 managers reported a position.

HolderSharesValueChange on quarter
Opaleye Management Inc.2,895,467$20.9M+333,517
Solas Capital Management, LLC1,924,617$13.9M0
AWM Investment Company, Inc.1,672,168$12.1M0
Cable Car Capital, LP1,382,339$10M0
Ikarian Capital, LLC836,259$6M-220,000
Sphera Funds Management Ltd.545,816$3.9M-21,800
Alyeska Investment Group, L.P.365,000$2.6M0
Aristides Capital LLC218,510$1.6M0
Cantor Fitzgerald, L. P.217,836$1.6M+29,205
Boothbay Fund Management, LLC189,148$1.4M-67,245
Citadel Advisors LLC97,546$704.3K+7,957
Villere ST Denis J & Co LLC71,158$513.8K0
Tudor Investment Corp ET AL61,596$444.7K0
Act Capital Management, LLC51,500$371.8K0
Berkshire Asset Management LLC19,824$143.1K0
Two Sigma Investments, LP18,832$136K+2,946
Geode Capital Management, LLC11,992$86.6K0
Raymond James Financial Inc10,000$72.2K0
National Bank of Canada5,292$37.7K0
UBS Group AG1,456$10.5K+1,018

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

10 insiders reported holding 3,976,999 shares in total, about $35.4M at the last price.

HolderSharesAs of
Opaleye Management Inc.10% owner 3,291,9843,291,984 held indirectly October 23, 2026
McFadden Michael E.Chief Executive Officer, Director 190,549 January 9, 2026
Mertz Leonard PowellDirector 145,736 January 14, 2026
D'Angelo LaurenChief Operating Officer 140,695 May 19, 2026
Cawkell Kenneth AnthonyDirector 107,740 January 14, 2026
Wills Robert JamesDirector 32,241 August 21, 2026
Mertz Phillip JosephDirector 29,703 January 14, 2026
Du Henry HuyVP Finance and Accounting 20,579 January 9, 2026
Bakshi Rajeev KumarDirector 12,283 January 14, 2026
Sensenig BethanyDirector 5,489 April 16, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ACOG

What does Alpha Cognition Inc. do?

Alpha Cognition Inc. is a company in the Health care sector, listed on NASDAQ as ACOG. Its shares trade on NASDAQ under the ticker ACOG.

What is Alpha Cognition Inc.'s net worth?

Alpha Cognition Inc. has a market value (market cap) of $193.8M at the latest share price, and shareholders' equity of $53M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Alpha Cognition Inc. profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $21M on revenue of $15.3M.

How much revenue does Alpha Cognition Inc. make?

Over the twelve months to June 30, 2026 Alpha Cognition Inc. reported revenue of $15.3M.

When did Alpha Cognition Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 26, 2026.

When is Alpha Cognition Inc.'s next earnings report?

Alpha Cognition Inc.'s next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values Alpha Cognition Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.