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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and BARNWELL INDUSTRIES INC (BRN). Click either name above to swap in a different company.

BARNWELL INDUSTRIES INC is the larger business by last-quarter revenue ($3.0M vs $2.8M, roughly 1.1× Alpha Cognition Inc.). BARNWELL INDUSTRIES INC runs the higher net margin — -80.9% vs -245.5%, a 164.6% gap on every dollar of revenue.

Evening Post Industries is a privately held American media company based in Charleston, South Carolina, United States. It has been led by four generations of the Manigault family.

ACOG vs BRN — Head-to-Head

Bigger by revenue
BRN
BRN
1.1× larger
BRN
$3.0M
$2.8M
ACOG
Higher net margin
BRN
BRN
164.6% more per $
BRN
-80.9%
-245.5%
ACOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACOG
ACOG
BRN
BRN
Revenue
$2.8M
$3.0M
Net Profit
$-6.9M
$-2.4M
Gross Margin
Operating Margin
-283.7%
-23.0%
Net Margin
-245.5%
-80.9%
Revenue YoY
9.7%
Net Profit YoY
-29.0%
EPS (diluted)
$-0.10
$-0.25

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
BRN
BRN
Q4 25
$2.8M
Q3 25
$2.8M
$3.0M
Q2 25
$1.7M
$3.2M
Q1 25
$2.9M
$3.6M
Q4 24
$3.9M
Q3 24
$2.7M
Q2 24
$4.5M
Q1 24
$4.7M
Net Profit
ACOG
ACOG
BRN
BRN
Q4 25
$-6.9M
Q3 25
$-1.3M
$-2.4M
Q2 25
$-10.5M
$-1.6M
Q1 25
$-2.0M
$-1.2M
Q4 24
$-1.9M
Q3 24
$-1.9M
Q2 24
$-1.2M
Q1 24
$-1.8M
Gross Margin
ACOG
ACOG
BRN
BRN
Q4 25
Q3 25
Q2 25
96.7%
Q1 25
99.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ACOG
ACOG
BRN
BRN
Q4 25
-283.7%
Q3 25
-187.0%
-23.0%
Q2 25
-346.1%
1.6%
Q1 25
-125.9%
21.7%
Q4 24
-2.7%
Q3 24
-1.3%
Q2 24
7.9%
Q1 24
-14.7%
Net Margin
ACOG
ACOG
BRN
BRN
Q4 25
-245.5%
Q3 25
-46.4%
-80.9%
Q2 25
-632.7%
-48.6%
Q1 25
-68.5%
-33.8%
Q4 24
-48.7%
Q3 24
-68.8%
Q2 24
-27.7%
Q1 24
-37.9%
EPS (diluted)
ACOG
ACOG
BRN
BRN
Q4 25
$-0.10
Q3 25
$-0.30
$-0.25
Q2 25
$-0.65
$-0.15
Q1 25
$-0.13
$-0.12
Q4 24
$-0.19
Q3 24
$-0.19
Q2 24
$-0.12
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
BRN
BRN
Cash + ST InvestmentsLiquidity on hand
$66.0M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$7.0M
Total Assets
$79.7M
$20.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
BRN
BRN
Q4 25
$66.0M
Q3 25
$35.4M
$2.9M
Q2 25
$39.4M
$1.2M
Q1 25
$45.5M
$1.4M
Q4 24
$2.0M
Q3 24
$4.3M
Q2 24
$4.4M
Q1 24
$3.7M
Stockholders' Equity
ACOG
ACOG
BRN
BRN
Q4 25
$62.5M
Q3 25
$33.9M
$7.0M
Q2 25
$31.9M
$8.6M
Q1 25
$40.8M
$10.1M
Q4 24
$11.3M
Q3 24
$13.0M
Q2 24
$15.0M
Q1 24
$16.4M
Total Assets
ACOG
ACOG
BRN
BRN
Q4 25
$79.7M
Q3 25
$46.3M
$20.8M
Q2 25
$45.1M
$23.8M
Q1 25
$48.6M
$24.4M
Q4 24
$26.0M
Q3 24
$30.7M
Q2 24
$31.4M
Q1 24
$32.8M

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
BRN
BRN
Operating Cash FlowLast quarter
$-6.9M
$-610.0K
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
BRN
BRN
Q4 25
$-6.9M
Q3 25
$-5.3M
$-610.0K
Q2 25
$-6.1M
$-309.0K
Q1 25
$-2.0M
$-302.0K
Q4 24
$-759.0K
Q3 24
$1.2M
Q2 24
$1.3M
Q1 24
$887.0K
Free Cash Flow
ACOG
ACOG
BRN
BRN
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
Q1 25
$-2.1M
Q4 24
$-3.3M
Q3 24
Q2 24
Q1 24
FCF Margin
ACOG
ACOG
BRN
BRN
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
Q1 25
-72.0%
Q4 24
-83.6%
Q3 24
Q2 24
Q1 24
Capex Intensity
ACOG
ACOG
BRN
BRN
Q4 25
5.3%
Q3 25
2.6%
Q2 25
0.5%
Q1 25
2.2%
Q4 24
64.3%
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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