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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Core AI Holdings, Inc. (CHAI). Click either name above to swap in a different company.

Core AI Holdings, Inc. is the larger business by last-quarter revenue ($3.7M vs $2.8M, roughly 1.3× Alpha Cognition Inc.). Core AI Holdings, Inc. runs the higher net margin — -145.7% vs -245.5%, a 99.8% gap on every dollar of revenue.

Inflection AI, Inc. is an American technology company which has developed machine learning and generative artificial intelligence hardware and apps, founded in 2022. The company is structured as a public benefit corporation and is headquartered in Palo Alto, California.

ACOG vs CHAI — Head-to-Head

Bigger by revenue
CHAI
CHAI
1.3× larger
CHAI
$3.7M
$2.8M
ACOG
Higher net margin
CHAI
CHAI
99.8% more per $
CHAI
-145.7%
-245.5%
ACOG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ACOG
ACOG
CHAI
CHAI
Revenue
$2.8M
$3.7M
Net Profit
$-6.9M
$-5.4M
Gross Margin
20.1%
Operating Margin
-283.7%
-135.2%
Net Margin
-245.5%
-145.7%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.10
$-1.74

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
CHAI
CHAI
Q4 25
$2.8M
Q3 25
$2.8M
$3.7M
Q2 25
$1.7M
Q1 25
$2.9M
Q3 23
$1.8M
Q2 23
$2.7M
Q1 23
$1.8M
Q3 22
$2.6M
Net Profit
ACOG
ACOG
CHAI
CHAI
Q4 25
$-6.9M
Q3 25
$-1.3M
$-5.4M
Q2 25
$-10.5M
Q1 25
$-2.0M
Q3 23
$-1.9M
Q2 23
$-2.3M
Q1 23
$-4.9M
Q3 22
$-527.9K
Gross Margin
ACOG
ACOG
CHAI
CHAI
Q4 25
Q3 25
20.1%
Q2 25
96.7%
Q1 25
99.6%
Q3 23
26.6%
Q2 23
29.7%
Q1 23
27.5%
Q3 22
33.3%
Operating Margin
ACOG
ACOG
CHAI
CHAI
Q4 25
-283.7%
Q3 25
-187.0%
-135.2%
Q2 25
-346.1%
Q1 25
-125.9%
Q3 23
-120.8%
Q2 23
-99.3%
Q1 23
-147.9%
Q3 22
-96.2%
Net Margin
ACOG
ACOG
CHAI
CHAI
Q4 25
-245.5%
Q3 25
-46.4%
-145.7%
Q2 25
-632.7%
Q1 25
-68.5%
Q3 23
-100.7%
Q2 23
-86.1%
Q1 23
-270.6%
Q3 22
-20.6%
EPS (diluted)
ACOG
ACOG
CHAI
CHAI
Q4 25
$-0.10
Q3 25
$-0.30
$-1.74
Q2 25
$-0.65
Q1 25
$-0.13
Q3 23
$-1.04
Q2 23
Q1 23
$-0.08
Q3 22
$-3.19

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
CHAI
CHAI
Cash + ST InvestmentsLiquidity on hand
$66.0M
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$15.4M
Total Assets
$79.7M
$20.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
CHAI
CHAI
Q4 25
$66.0M
Q3 25
$35.4M
$3.5M
Q2 25
$39.4M
Q1 25
$45.5M
Q3 23
$366.2K
Q2 23
Q1 23
$1.2M
Q3 22
$988.6K
Stockholders' Equity
ACOG
ACOG
CHAI
CHAI
Q4 25
$62.5M
Q3 25
$33.9M
$15.4M
Q2 25
$31.9M
Q1 25
$40.8M
Q3 23
$12.3M
Q2 23
$12.0M
Q1 23
$12.3M
Q3 22
$11.8M
Total Assets
ACOG
ACOG
CHAI
CHAI
Q4 25
$79.7M
Q3 25
$46.3M
$20.2M
Q2 25
$45.1M
Q1 25
$48.6M
Q3 23
$16.2M
Q2 23
$16.6M
Q1 23
$15.8M
Q3 22

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
CHAI
CHAI
Operating Cash FlowLast quarter
$-6.9M
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
CHAI
CHAI
Q4 25
$-6.9M
Q3 25
$-5.3M
Q2 25
$-6.1M
Q1 25
$-2.0M
Q3 23
$-2.7M
Q2 23
$-1.1M
Q1 23
$-3.1M
Q3 22
$-2.1M
Free Cash Flow
ACOG
ACOG
CHAI
CHAI
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
Q1 25
$-2.1M
Q3 23
Q2 23
Q1 23
Q3 22
FCF Margin
ACOG
ACOG
CHAI
CHAI
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
Q1 25
-72.0%
Q3 23
Q2 23
Q1 23
Q3 22
Capex Intensity
ACOG
ACOG
CHAI
CHAI
Q4 25
5.3%
Q3 25
2.6%
Q2 25
0.5%
Q1 25
2.2%
Q3 23
Q2 23
Q1 23
Q3 22

Financial Flow Comparison

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

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