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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Bogota Financial Corp. (BSBK). Click either name above to swap in a different company.

Bogota Financial Corp. is the larger business by last-quarter revenue ($4.5M vs $2.8M, roughly 1.6× Alpha Cognition Inc.). Bogota Financial Corp. runs the higher net margin — 15.1% vs -245.5%, a 260.6% gap on every dollar of revenue. Bogota Financial Corp. produced more free cash flow last quarter ($3.1M vs $-7.1M).

Bogota Financial Corp is a U.S.-based bank holding company headquartered in New Jersey. It operates Bogota Savings Bank, offering a full range of personal and business banking services including deposit accounts, mortgage loans, consumer loans and commercial financing, primarily serving local retail customers and small business clients in New Jersey and adjacent regions.

ACOG vs BSBK — Head-to-Head

Bigger by revenue
BSBK
BSBK
1.6× larger
BSBK
$4.5M
$2.8M
ACOG
Higher net margin
BSBK
BSBK
260.6% more per $
BSBK
15.1%
-245.5%
ACOG
More free cash flow
BSBK
BSBK
$10.2M more FCF
BSBK
$3.1M
$-7.1M
ACOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACOG
ACOG
BSBK
BSBK
Revenue
$2.8M
$4.5M
Net Profit
$-6.9M
$680.8K
Gross Margin
Operating Margin
-283.7%
14.8%
Net Margin
-245.5%
15.1%
Revenue YoY
54.7%
Net Profit YoY
173.2%
EPS (diluted)
$-0.10
$0.05

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
BSBK
BSBK
Q4 25
$2.8M
$4.5M
Q3 25
$2.8M
$4.2M
Q2 25
$1.7M
$4.0M
Q1 25
$2.9M
$4.5M
Q4 24
$2.9M
Q3 24
$3.0M
Q2 24
$3.0M
Q1 24
$3.0M
Net Profit
ACOG
ACOG
BSBK
BSBK
Q4 25
$-6.9M
$680.8K
Q3 25
$-1.3M
$454.6K
Q2 25
$-10.5M
$224.4K
Q1 25
$-2.0M
$730.9K
Q4 24
$-930.0K
Q3 24
$-367.0K
Q2 24
$-432.5K
Q1 24
$-441.0K
Gross Margin
ACOG
ACOG
BSBK
BSBK
Q4 25
Q3 25
Q2 25
96.7%
Q1 25
99.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ACOG
ACOG
BSBK
BSBK
Q4 25
-283.7%
14.8%
Q3 25
-187.0%
12.5%
Q2 25
-346.1%
4.3%
Q1 25
-125.9%
15.7%
Q4 24
-19.2%
Q3 24
-20.8%
Q2 24
-23.4%
Q1 24
-24.7%
Net Margin
ACOG
ACOG
BSBK
BSBK
Q4 25
-245.5%
15.1%
Q3 25
-46.4%
10.8%
Q2 25
-632.7%
5.6%
Q1 25
-68.5%
16.3%
Q4 24
-37.2%
Q3 24
-12.3%
Q2 24
-14.2%
Q1 24
-14.9%
EPS (diluted)
ACOG
ACOG
BSBK
BSBK
Q4 25
$-0.10
$0.05
Q3 25
$-0.30
$0.04
Q2 25
$-0.65
$0.02
Q1 25
$-0.13
$0.06
Q4 24
$-0.08
Q3 24
$-0.03
Q2 24
$-0.03
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
BSBK
BSBK
Cash + ST InvestmentsLiquidity on hand
$66.0M
$35.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$140.9M
Total Assets
$79.7M
$904.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
BSBK
BSBK
Q4 25
$66.0M
$35.6M
Q3 25
$35.4M
$31.2M
Q2 25
$39.4M
$20.3M
Q1 25
$45.5M
$25.6M
Q4 24
$52.2M
Q3 24
$21.0M
Q2 24
$17.6M
Q1 24
$14.4M
Stockholders' Equity
ACOG
ACOG
BSBK
BSBK
Q4 25
$62.5M
$140.9M
Q3 25
$33.9M
$140.7M
Q2 25
$31.9M
$138.4M
Q1 25
$40.8M
$138.3M
Q4 24
$137.3M
Q3 24
$136.9M
Q2 24
$136.3M
Q1 24
$136.4M
Total Assets
ACOG
ACOG
BSBK
BSBK
Q4 25
$79.7M
$904.9M
Q3 25
$46.3M
$925.8M
Q2 25
$45.1M
$921.8M
Q1 25
$48.6M
$930.2M
Q4 24
$971.5M
Q3 24
$978.9M
Q2 24
$974.7M
Q1 24
$960.9M

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
BSBK
BSBK
Operating Cash FlowLast quarter
$-6.9M
$3.2M
Free Cash FlowOCF − Capex
$-7.1M
$3.1M
FCF MarginFCF / Revenue
-252.6%
69.4%
Capex IntensityCapex / Revenue
5.3%
1.6%
Cash ConversionOCF / Net Profit
4.71×
TTM Free Cash FlowTrailing 4 quarters
$-20.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACOG
ACOG
BSBK
BSBK
Q4 25
$-6.9M
$3.2M
Q3 25
$-5.3M
$292.5K
Q2 25
$-6.1M
$1.9M
Q1 25
$-2.0M
$-16.0K
Q4 24
$-2.6M
Q3 24
$-287.9K
Q2 24
$1.7M
Q1 24
$-2.9M
Free Cash Flow
ACOG
ACOG
BSBK
BSBK
Q4 25
$-7.1M
$3.1M
Q3 25
$-5.4M
$277.1K
Q2 25
$-6.1M
Q1 25
$-2.1M
$-52.2K
Q4 24
$-3.2M
Q3 24
$-330.9K
Q2 24
$1.4M
Q1 24
$-3.1M
FCF Margin
ACOG
ACOG
BSBK
BSBK
Q4 25
-252.6%
69.4%
Q3 25
-188.8%
6.6%
Q2 25
-370.9%
Q1 25
-72.0%
-1.2%
Q4 24
-108.1%
Q3 24
-11.1%
Q2 24
46.5%
Q1 24
-106.7%
Capex Intensity
ACOG
ACOG
BSBK
BSBK
Q4 25
5.3%
1.6%
Q3 25
2.6%
0.4%
Q2 25
0.5%
0.0%
Q1 25
2.2%
0.8%
Q4 24
20.4%
Q3 24
1.4%
Q2 24
7.7%
Q1 24
9.0%
Cash Conversion
ACOG
ACOG
BSBK
BSBK
Q4 25
4.71×
Q3 25
0.64×
Q2 25
8.56×
Q1 25
-0.02×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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