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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and CaliberCos Inc. (CWD). Click either name above to swap in a different company.
CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $2.8M, roughly 1.5× Alpha Cognition Inc.). CaliberCos Inc. runs the higher net margin — -188.3% vs -245.5%, a 57.2% gap on every dollar of revenue.
CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.
ACOG vs CWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $4.1M |
| Net Profit | $-6.9M | $-7.7M |
| Gross Margin | — | — |
| Operating Margin | -283.7% | -196.6% |
| Net Margin | -245.5% | -188.3% |
| Revenue YoY | — | -52.5% |
| Net Profit YoY | — | 32.2% |
| EPS (diluted) | $-0.10 | $1.95 |
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 | $4.1M | ||
| Q3 25 | $2.8M | $3.6M | ||
| Q2 25 | $1.7M | $5.1M | ||
| Q1 25 | $2.9M | $7.3M | ||
| Q4 24 | — | $8.7M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $8.2M | ||
| Q1 24 | — | $23.0M |
| Q4 25 | $-6.9M | $-7.7M | ||
| Q3 25 | $-1.3M | $-4.4M | ||
| Q2 25 | $-10.5M | $-5.3M | ||
| Q1 25 | $-2.0M | $-4.4M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | — | $146.0K | ||
| Q2 24 | — | $-4.7M | ||
| Q1 24 | — | $-3.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 96.7% | — | ||
| Q1 25 | 99.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -283.7% | -196.6% | ||
| Q3 25 | -187.0% | -129.6% | ||
| Q2 25 | -346.1% | -112.4% | ||
| Q1 25 | -125.9% | -62.7% | ||
| Q4 24 | — | -236.8% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | -65.0% | ||
| Q1 24 | — | -22.9% |
| Q4 25 | -245.5% | -188.3% | ||
| Q3 25 | -46.4% | -120.2% | ||
| Q2 25 | -632.7% | -104.5% | ||
| Q1 25 | -68.5% | -60.7% | ||
| Q4 24 | — | -247.6% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | -57.8% | ||
| Q1 24 | — | -16.6% |
| Q4 25 | $-0.10 | $1.95 | ||
| Q3 25 | $-0.30 | $-1.65 | ||
| Q2 25 | $-0.65 | $-4.15 | ||
| Q1 25 | $-0.13 | $-3.85 | ||
| Q4 24 | — | $-10.15 | ||
| Q3 24 | — | $0.12 | ||
| Q2 24 | — | $-4.34 | ||
| Q1 24 | — | $-3.53 |
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 | $2.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $1.3M |
| Total Assets | $79.7M | $135.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.0M | $2.9M | ||
| Q3 25 | $35.4M | $10.9M | ||
| Q2 25 | $39.4M | $683.0K | ||
| Q1 25 | $45.5M | $1.6M | ||
| Q4 24 | — | $2.3M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $1.8M | ||
| Q1 24 | — | $2.1M |
| Q4 25 | $62.5M | $1.3M | ||
| Q3 25 | $33.9M | $4.2M | ||
| Q2 25 | $31.9M | $-19.9M | ||
| Q1 25 | $40.8M | $-15.8M | ||
| Q4 24 | — | $-12.6M | ||
| Q3 24 | — | $-3.8M | ||
| Q2 24 | — | $-4.7M | ||
| Q1 24 | — | $-745.0K |
| Q4 25 | $79.7M | $135.4M | ||
| Q3 25 | $46.3M | $82.6M | ||
| Q2 25 | $45.1M | $59.3M | ||
| Q1 25 | $48.6M | $103.6M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $158.6M | ||
| Q2 24 | — | $195.2M | ||
| Q1 24 | — | $201.5M |
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 | $-12.1M |
| 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.
| Q4 25 | $-6.9M | $-12.1M | ||
| Q3 25 | $-5.3M | $-4.6M | ||
| Q2 25 | $-6.1M | $-1.2M | ||
| Q1 25 | $-2.0M | $-1.7M | ||
| Q4 24 | — | $555.0K | ||
| Q3 24 | — | $-74.0K | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | — | $-1.5M |
| Q4 25 | $-7.1M | — | ||
| Q3 25 | $-5.4M | — | ||
| Q2 25 | $-6.1M | — | ||
| Q1 25 | $-2.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -252.6% | — | ||
| Q3 25 | -188.8% | — | ||
| Q2 25 | -370.9% | — | ||
| Q1 25 | -72.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.51× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
