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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and APARTMENT INVESTMENT & MANAGEMENT CO (AIV). Click either name above to swap in a different company.

Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $2.1M, roughly 1.3× APARTMENT INVESTMENT & MANAGEMENT CO). APARTMENT INVESTMENT & MANAGEMENT CO runs the higher net margin — 14155.2% vs -245.5%, a 14400.7% gap on every dollar of revenue. Alpha Cognition Inc. produced more free cash flow last quarter ($-7.1M vs $-91.5M).

Beach Point Capital Management is an American hedge fund management firm headquartered in Santa Monica, California.The firm focuses on credit related investments.

ACOG vs AIV — Head-to-Head

Bigger by revenue
ACOG
ACOG
1.3× larger
ACOG
$2.8M
$2.1M
AIV
Higher net margin
AIV
AIV
14400.7% more per $
AIV
14155.2%
-245.5%
ACOG
More free cash flow
ACOG
ACOG
$84.5M more FCF
ACOG
$-7.1M
$-91.5M
AIV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACOG
ACOG
AIV
AIV
Revenue
$2.8M
$2.1M
Net Profit
$-6.9M
$297.3M
Gross Margin
Operating Margin
-283.7%
Net Margin
-245.5%
14155.2%
Revenue YoY
16.7%
Net Profit YoY
2721.3%
EPS (diluted)
$-0.10
$2.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ACOG
ACOG
AIV
AIV
Q4 25
$2.8M
$2.1M
Q3 25
$2.8M
$35.1M
Q2 25
$1.7M
$52.8M
Q1 25
$2.9M
$52.4M
Q4 24
$1.8M
Q3 24
$35.3M
Q2 24
$51.1M
Q1 24
$50.2M
Net Profit
ACOG
ACOG
AIV
AIV
Q4 25
$-6.9M
$297.3M
Q3 25
$-1.3M
$283.1M
Q2 25
$-10.5M
$-19.3M
Q1 25
$-2.0M
$-13.9M
Q4 24
Q3 24
$-21.9M
Q2 24
$-60.5M
Q1 24
$-10.2M
Gross Margin
ACOG
ACOG
AIV
AIV
Q4 25
Q3 25
Q2 25
96.7%
Q1 25
99.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ACOG
ACOG
AIV
AIV
Q4 25
-283.7%
Q3 25
-187.0%
51.9%
Q2 25
-346.1%
56.0%
Q1 25
-125.9%
55.9%
Q4 24
Q3 24
50.0%
Q2 24
55.9%
Q1 24
57.8%
Net Margin
ACOG
ACOG
AIV
AIV
Q4 25
-245.5%
14155.2%
Q3 25
-46.4%
805.9%
Q2 25
-632.7%
-36.6%
Q1 25
-68.5%
-26.6%
Q4 24
Q3 24
-62.1%
Q2 24
-118.3%
Q1 24
-20.3%
EPS (diluted)
ACOG
ACOG
AIV
AIV
Q4 25
$-0.10
$2.07
Q3 25
$-0.30
$2.04
Q2 25
$-0.65
$-0.14
Q1 25
$-0.13
$-0.10
Q4 24
Q3 24
$-0.16
Q2 24
$-0.43
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ACOG
ACOG
AIV
AIV
Cash + ST InvestmentsLiquidity on hand
$66.0M
$394.9M
Total DebtLower is stronger
$738.6M
Stockholders' EquityBook value
$62.5M
$361.9M
Total Assets
$79.7M
$1.7B
Debt / EquityLower = less leverage
2.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
AIV
AIV
Q4 25
$66.0M
$394.9M
Q3 25
$35.4M
$404.4M
Q2 25
$39.4M
$41.4M
Q1 25
$45.5M
$49.1M
Q4 24
$141.1M
Q3 24
$82.6M
Q2 24
$88.5M
Q1 24
$121.8M
Total Debt
ACOG
ACOG
AIV
AIV
Q4 25
$738.6M
Q3 25
$828.5M
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$829.7M
Q3 24
$1.3B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
ACOG
ACOG
AIV
AIV
Q4 25
$62.5M
$361.9M
Q3 25
$33.9M
$62.0M
Q2 25
$31.9M
$91.7M
Q1 25
$40.8M
$110.5M
Q4 24
$123.0M
Q3 24
$229.8M
Q2 24
$253.5M
Q1 24
$335.8M
Total Assets
ACOG
ACOG
AIV
AIV
Q4 25
$79.7M
$1.7B
Q3 25
$46.3M
$2.1B
Q2 25
$45.1M
$1.9B
Q1 25
$48.6M
$1.9B
Q4 24
$2.0B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B
Debt / Equity
ACOG
ACOG
AIV
AIV
Q4 25
2.04×
Q3 25
13.37×
Q2 25
11.99×
Q1 25
9.80×
Q4 24
6.75×
Q3 24
5.44×
Q2 24
4.78×
Q1 24
3.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACOG
ACOG
AIV
AIV
Operating Cash FlowLast quarter
$-6.9M
$8.1M
Free Cash FlowOCF − Capex
$-7.1M
$-91.5M
FCF MarginFCF / Revenue
-252.6%
-4358.6%
Capex IntensityCapex / Revenue
5.3%
4744.0%
Cash ConversionOCF / Net Profit
0.03×
TTM Free Cash FlowTrailing 4 quarters
$-20.7M
$-143.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACOG
ACOG
AIV
AIV
Q4 25
$-6.9M
$8.1M
Q3 25
$-5.3M
$8.9M
Q2 25
$-6.1M
$9.7M
Q1 25
$-2.0M
$3.8M
Q4 24
$47.0M
Q3 24
$16.4M
Q2 24
$8.0M
Q1 24
$21.7M
Free Cash Flow
ACOG
ACOG
AIV
AIV
Q4 25
$-7.1M
$-91.5M
Q3 25
$-5.4M
$-19.3M
Q2 25
$-6.1M
$-16.8M
Q1 25
$-2.1M
$-15.4M
Q4 24
$-113.0M
Q3 24
$-19.6M
Q2 24
$-28.9M
Q1 24
$-19.2M
FCF Margin
ACOG
ACOG
AIV
AIV
Q4 25
-252.6%
-4358.6%
Q3 25
-188.8%
-55.0%
Q2 25
-370.9%
-31.8%
Q1 25
-72.0%
-29.3%
Q4 24
-6280.2%
Q3 24
-55.4%
Q2 24
-56.5%
Q1 24
-38.3%
Capex Intensity
ACOG
ACOG
AIV
AIV
Q4 25
5.3%
4744.0%
Q3 25
2.6%
80.4%
Q2 25
0.5%
50.1%
Q1 25
2.2%
36.7%
Q4 24
8890.4%
Q3 24
101.9%
Q2 24
72.2%
Q1 24
81.5%
Cash Conversion
ACOG
ACOG
AIV
AIV
Q4 25
0.03×
Q3 25
0.03×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ACOG
ACOG

Segment breakdown not available.

AIV
AIV

Other Real Estate$2.0M97%
Other$66.0K3%

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