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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Aligos Therapeutics, Inc. (ALGS). Click either name above to swap in a different company.

Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $169.0K, roughly 16.5× Aligos Therapeutics, Inc.). Alpha Cognition Inc. runs the higher net margin — -245.5% vs -11763.9%, a 11518.4% gap on every dollar of revenue.

Aligos Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel targeted therapies for prevalent liver diseases and viral infections. Its core pipeline includes candidates for chronic hepatitis B, non-alcoholic steatohepatitis, and other liver-related disorders, advancing R&D to serve unmet global patient needs.

ACOG vs ALGS — Head-to-Head

Bigger by revenue
ACOG
ACOG
16.5× larger
ACOG
$2.8M
$169.0K
ALGS
Higher net margin
ACOG
ACOG
11518.4% more per $
ACOG
-245.5%
-11763.9%
ALGS

Income Statement — Q4 2025 vs Q4 2025

Metric
ACOG
ACOG
ALGS
ALGS
Revenue
$2.8M
$169.0K
Net Profit
$-6.9M
$-19.9M
Gross Margin
Operating Margin
-283.7%
-12907.7%
Net Margin
-245.5%
-11763.9%
Revenue YoY
-72.1%
Net Profit YoY
75.8%
EPS (diluted)
$-0.10
$4.23

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
ALGS
ALGS
Q4 25
$2.8M
$169.0K
Q3 25
$2.8M
$741.0K
Q2 25
$1.7M
$965.0K
Q1 25
$2.9M
$311.0K
Q4 24
$606.0K
Q3 24
$1.3M
Q2 24
$1.1M
Q1 24
$694.0K
Net Profit
ACOG
ACOG
ALGS
ALGS
Q4 25
$-6.9M
$-19.9M
Q3 25
$-1.3M
$-31.5M
Q2 25
$-10.5M
$-15.9M
Q1 25
$-2.0M
$43.1M
Q4 24
$-82.2M
Q3 24
$-19.3M
Q2 24
$5.1M
Q1 24
$-34.9M
Gross Margin
ACOG
ACOG
ALGS
ALGS
Q4 25
Q3 25
Q2 25
96.7%
Q1 25
99.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ACOG
ACOG
ALGS
ALGS
Q4 25
-283.7%
-12907.7%
Q3 25
-187.0%
-3827.4%
Q2 25
-346.1%
-1924.0%
Q1 25
-125.9%
-6187.5%
Q4 24
-3393.2%
Q3 24
-1610.5%
Q2 24
-2489.5%
Q1 24
-3176.7%
Net Margin
ACOG
ACOG
ALGS
ALGS
Q4 25
-245.5%
-11763.9%
Q3 25
-46.4%
-4256.0%
Q2 25
-632.7%
-1643.8%
Q1 25
-68.5%
13854.7%
Q4 24
-13556.1%
Q3 24
-1540.7%
Q2 24
477.0%
Q1 24
-5023.5%
EPS (diluted)
ACOG
ACOG
ALGS
ALGS
Q4 25
$-0.10
$4.23
Q3 25
$-0.30
$-3.04
Q2 25
$-0.65
$-1.53
Q1 25
$-0.13
$-2.11
Q4 24
$-13.10
Q3 24
$-3.07
Q2 24
$0.81
Q1 24
$-5.58

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
ALGS
ALGS
Cash + ST InvestmentsLiquidity on hand
$66.0M
$77.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$53.5M
Total Assets
$79.7M
$88.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
ALGS
ALGS
Q4 25
$66.0M
$77.8M
Q3 25
$35.4M
$99.1M
Q2 25
$39.4M
$122.9M
Q1 25
$45.5M
$137.9M
Q4 24
$56.9M
Q3 24
$74.9M
Q2 24
$94.5M
Q1 24
$112.7M
Stockholders' Equity
ACOG
ACOG
ALGS
ALGS
Q4 25
$62.5M
$53.5M
Q3 25
$33.9M
$71.8M
Q2 25
$31.9M
$101.9M
Q1 25
$40.8M
$116.4M
Q4 24
$-29.0M
Q3 24
$50.1M
Q2 24
$67.2M
Q1 24
$59.8M
Total Assets
ACOG
ACOG
ALGS
ALGS
Q4 25
$79.7M
$88.5M
Q3 25
$46.3M
$109.8M
Q2 25
$45.1M
$134.7M
Q1 25
$48.6M
$150.7M
Q4 24
$70.1M
Q3 24
$88.4M
Q2 24
$108.8M
Q1 24
$127.9M

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
ALGS
ALGS
Operating Cash FlowLast quarter
$-6.9M
$-21.7M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACOG
ACOG
ALGS
ALGS
Q4 25
$-6.9M
$-21.7M
Q3 25
$-5.3M
$-24.3M
Q2 25
$-6.1M
$-15.5M
Q1 25
$-2.0M
$-20.9M
Q4 24
$-18.4M
Q3 24
$-20.1M
Q2 24
$-19.5M
Q1 24
$-22.7M
Free Cash Flow
ACOG
ACOG
ALGS
ALGS
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
Q1 25
$-2.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ACOG
ACOG
ALGS
ALGS
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
Q1 25
-72.0%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ACOG
ACOG
ALGS
ALGS
Q4 25
5.3%
Q3 25
2.6%
Q2 25
0.5%
Q1 25
2.2%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ACOG
ACOG
ALGS
ALGS
Q4 25
Q3 25
Q2 25
Q1 25
-0.49×
Q4 24
Q3 24
Q2 24
-3.85×
Q1 24

Financial Flow Comparison

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

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