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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Beeline Holdings, Inc. (BLNE). Click either name above to swap in a different company.
Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $1.9M, roughly 1.5× Beeline Holdings, Inc.). Alpha Cognition Inc. runs the higher net margin — -245.5% vs -445.0%, a 199.5% gap on every dollar of revenue. Alpha Cognition Inc. produced more free cash flow last quarter ($-7.1M vs $-21.5M).
Beeline or билайн is a mobile network operator brand operating in Russia under PJSC VimpelCom, and in Kazakhstan, Kyrgyzstan and Uzbekistan under VEON Ltd. Beeline is Russia's fourth-largest mobile network operator, and main competitors being MTS, MegaFon and T2.
ACOG vs BLNE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $1.9M |
| Net Profit | $-6.9M | $-8.4M |
| Gross Margin | — | — |
| Operating Margin | -283.7% | -418.4% |
| Net Margin | -245.5% | -445.0% |
| Revenue YoY | — | — |
| Net Profit YoY | — | -16.1% |
| EPS (diluted) | $-0.10 | — |
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.
| Q4 25 | $2.8M | $1.9M | ||
| Q3 25 | $2.8M | $2.3M | ||
| Q2 25 | $1.7M | $1.7M | ||
| Q1 25 | $2.9M | $1.8M | ||
| Q3 24 | — | $783.0K | ||
| Q2 24 | — | $3.1M | ||
| Q1 24 | — | $2.5M | ||
| Q4 23 | — | $4.2M |
| Q4 25 | $-6.9M | $-8.4M | ||
| Q3 25 | $-1.3M | $-3.9M | ||
| Q2 25 | $-10.5M | $-4.1M | ||
| Q1 25 | $-2.0M | $-6.8M | ||
| Q3 24 | — | $-1.4M | ||
| Q2 24 | — | $-1.5M | ||
| Q1 24 | — | $-1.3M | ||
| Q4 23 | — | $-2.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 96.7% | — | ||
| Q1 25 | 99.6% | — | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 7.5% | ||
| Q4 23 | — | 5.4% |
| Q4 25 | -283.7% | -418.4% | ||
| Q3 25 | -187.0% | -120.9% | ||
| Q2 25 | -346.1% | -229.0% | ||
| Q1 25 | -125.9% | -268.7% | ||
| Q3 24 | — | -55.6% | ||
| Q2 24 | — | -11.4% | ||
| Q1 24 | — | -18.5% | ||
| Q4 23 | — | 12.6% |
| Q4 25 | -245.5% | -445.0% | ||
| Q3 25 | -46.4% | -167.2% | ||
| Q2 25 | -632.7% | -237.3% | ||
| Q1 25 | -68.5% | -372.4% | ||
| Q3 24 | — | -173.6% | ||
| Q2 24 | — | -48.6% | ||
| Q1 24 | — | -52.0% | ||
| Q4 23 | — | -51.2% |
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.30 | $-0.20 | ||
| Q2 25 | $-0.65 | $-0.64 | ||
| Q1 25 | $-0.13 | — | ||
| Q3 24 | — | $-6.60 | ||
| Q2 24 | — | $-8.74 | ||
| Q1 24 | — | $-0.78 | ||
| Q4 23 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $66.0M | $3.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $53.6M |
| Total Assets | $79.7M | $70.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.0M | $3.1M | ||
| Q3 25 | $35.4M | $1.3M | ||
| Q2 25 | $39.4M | $6.3M | ||
| Q1 25 | $45.5M | $1.5M | ||
| Q3 24 | — | $310.0K | ||
| Q2 24 | — | $420.0K | ||
| Q1 24 | — | $147.0K | ||
| Q4 23 | — | $306.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $8.2M | ||
| Q2 24 | — | $8.1M | ||
| Q1 24 | — | $8.1M | ||
| Q4 23 | — | $8.0M |
| Q4 25 | $62.5M | $53.6M | ||
| Q3 25 | $33.9M | $51.7M | ||
| Q2 25 | $31.9M | $54.6M | ||
| Q1 25 | $40.8M | $47.1M | ||
| Q3 24 | — | $-2.5M | ||
| Q2 24 | — | $-1.9M | ||
| Q1 24 | — | $-476.0K | ||
| Q4 23 | — | $853.0K |
| Q4 25 | $79.7M | $70.2M | ||
| Q3 25 | $46.3M | $63.2M | ||
| Q2 25 | $45.1M | $68.6M | ||
| Q1 25 | $48.6M | $63.8M | ||
| Q3 24 | — | $16.2M | ||
| Q2 24 | — | $16.6M | ||
| Q1 24 | — | $17.0M | ||
| Q4 23 | — | $17.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 9.43× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.9M | $-21.4M |
| Free Cash FlowOCF − Capex | $-7.1M | $-21.5M |
| FCF MarginFCF / Revenue | -252.6% | -1143.3% |
| Capex IntensityCapex / Revenue | 5.3% | 0.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-20.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.9M | $-21.4M | ||
| Q3 25 | $-5.3M | $-5.8M | ||
| Q2 25 | $-6.1M | $-4.1M | ||
| Q1 25 | $-2.0M | $-1.5M | ||
| Q3 24 | — | $-652.0K | ||
| Q2 24 | — | $-872.0K | ||
| Q1 24 | — | $-82.0K | ||
| Q4 23 | — | $-103.0K |
| Q4 25 | $-7.1M | $-21.5M | ||
| Q3 25 | $-5.4M | — | ||
| Q2 25 | $-6.1M | — | ||
| Q1 25 | $-2.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | -252.6% | -1143.3% | ||
| Q3 25 | -188.8% | — | ||
| Q2 25 | -370.9% | — | ||
| Q1 25 | -72.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | 5.3% | 0.8% | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 2.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACOG
Segment breakdown not available.
BLNE
| Beeline Title Holdings | $1.4M | 73% |
| Other | $498.0K | 27% |
