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

ClearSign Technologies Corp is the larger business by last-quarter revenue ($3.7M vs $2.8M, roughly 1.3× Alpha Cognition Inc.). ClearSign Technologies Corp runs the higher net margin — -8.5% vs -245.5%, a 237.0% gap on every dollar of revenue.

ACOG vs CLIR — Head-to-Head

Bigger by revenue
CLIR
CLIR
1.3× larger
CLIR
$3.7M
$2.8M
ACOG
Higher net margin
CLIR
CLIR
237.0% more per $
CLIR
-8.5%
-245.5%
ACOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACOG
ACOG
CLIR
CLIR
Revenue
$2.8M
$3.7M
Net Profit
$-6.9M
$-311.0K
Gross Margin
21.9%
Operating Margin
-283.7%
-22.5%
Net Margin
-245.5%
-8.5%
Revenue YoY
522.2%
Net Profit YoY
73.3%
EPS (diluted)
$-0.10
$-0.06

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
CLIR
CLIR
Q4 25
$2.8M
$3.7M
Q3 25
$2.8M
$1.0M
Q2 25
$1.7M
$133.0K
Q1 25
$2.9M
$401.0K
Q4 24
$590.0K
Q3 24
$1.9M
Q2 24
$45.0K
Q1 24
$1.1M
Net Profit
ACOG
ACOG
CLIR
CLIR
Q4 25
$-6.9M
$-311.0K
Q3 25
$-1.3M
$-1.4M
Q2 25
$-10.5M
$-1.7M
Q1 25
$-2.0M
$-2.1M
Q4 24
$-1.2M
Q3 24
$-1.2M
Q2 24
$-1.9M
Q1 24
$-1.1M
Gross Margin
ACOG
ACOG
CLIR
CLIR
Q4 25
21.9%
Q3 25
35.8%
Q2 25
96.7%
41.4%
Q1 25
99.6%
48.9%
Q4 24
14.9%
Q3 24
29.6%
Q2 24
93.3%
Q1 24
39.7%
Operating Margin
ACOG
ACOG
CLIR
CLIR
Q4 25
-283.7%
-22.5%
Q3 25
-187.0%
-170.1%
Q2 25
-346.1%
-1382.0%
Q1 25
-125.9%
-562.8%
Q4 24
-282.4%
Q3 24
-77.1%
Q2 24
-4748.9%
Q1 24
-113.6%
Net Margin
ACOG
ACOG
CLIR
CLIR
Q4 25
-245.5%
-8.5%
Q3 25
-46.4%
-138.9%
Q2 25
-632.7%
-1263.2%
Q1 25
-68.5%
-517.7%
Q4 24
-197.3%
Q3 24
-62.1%
Q2 24
-4160.0%
Q1 24
-100.5%
EPS (diluted)
ACOG
ACOG
CLIR
CLIR
Q4 25
$-0.10
$-0.06
Q3 25
$-0.30
$-0.26
Q2 25
$-0.65
$-0.30
Q1 25
$-0.13
$-0.37
Q4 24
$-0.18
Q3 24
$-0.20
Q2 24
$-0.40
Q1 24
$-0.30

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
CLIR
CLIR
Cash + ST InvestmentsLiquidity on hand
$66.0M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$9.5M
Total Assets
$79.7M
$12.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
CLIR
CLIR
Q4 25
$66.0M
$9.2M
Q3 25
$35.4M
$10.5M
Q2 25
$39.4M
$12.3M
Q1 25
$45.5M
$12.9M
Q4 24
$14.0M
Q3 24
$14.5M
Q2 24
$16.0M
Q1 24
$4.6M
Stockholders' Equity
ACOG
ACOG
CLIR
CLIR
Q4 25
$62.5M
$9.5M
Q3 25
$33.9M
$9.1M
Q2 25
$31.9M
$10.4M
Q1 25
$40.8M
$12.0M
Q4 24
$13.8M
Q3 24
$14.8M
Q2 24
$15.9M
Q1 24
$4.5M
Total Assets
ACOG
ACOG
CLIR
CLIR
Q4 25
$79.7M
$12.2M
Q3 25
$46.3M
$12.7M
Q2 25
$45.1M
$14.2M
Q1 25
$48.6M
$14.5M
Q4 24
$16.3M
Q3 24
$17.1M
Q2 24
$17.8M
Q1 24
$6.6M

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
CLIR
CLIR
Operating Cash FlowLast quarter
$-6.9M
$-1.3M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
5.3%
0.0%
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
CLIR
CLIR
Q4 25
$-6.9M
$-1.3M
Q3 25
$-5.3M
$-1.8M
Q2 25
$-6.1M
$-511.0K
Q1 25
$-2.0M
$-1.1M
Q4 24
$-415.0K
Q3 24
$-1.4M
Q2 24
$-1.5M
Q1 24
$-1.0M
Free Cash Flow
ACOG
ACOG
CLIR
CLIR
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
Q1 25
$-2.1M
$-1.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ACOG
ACOG
CLIR
CLIR
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
Q1 25
-72.0%
-278.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ACOG
ACOG
CLIR
CLIR
Q4 25
5.3%
0.0%
Q3 25
2.6%
0.0%
Q2 25
0.5%
0.0%
Q1 25
2.2%
1.0%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24

Financial Flow Comparison

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

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