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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Fatpipe Inc (FATN). Click either name above to swap in a different company.
Fatpipe Inc is the larger business by last-quarter revenue ($4.1M vs $2.8M, roughly 1.5× Alpha Cognition Inc.). Fatpipe Inc runs the higher net margin — 7.6% vs -245.5%, a 253.1% gap on every dollar of revenue.
ACOG vs FATN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $4.1M |
| Net Profit | $-6.9M | $310.7K |
| Gross Margin | — | 87.7% |
| Operating Margin | -283.7% | 9.8% |
| Net Margin | -245.5% | 7.6% |
| Revenue YoY | — | 3.2% |
| Net Profit YoY | — | 816.0% |
| EPS (diluted) | $-0.10 | $0.02 |
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 | $4.0M | ||
| Q2 25 | $1.7M | $3.9M | ||
| Q1 25 | $2.9M | — |
| Q4 25 | $-6.9M | $310.7K | ||
| Q3 25 | $-1.3M | $-43.4K | ||
| Q2 25 | $-10.5M | $741.2K | ||
| Q1 25 | $-2.0M | — |
| Q4 25 | — | 87.7% | ||
| Q3 25 | — | 92.1% | ||
| Q2 25 | 96.7% | 94.2% | ||
| Q1 25 | 99.6% | — |
| Q4 25 | -283.7% | 9.8% | ||
| Q3 25 | -187.0% | -0.0% | ||
| Q2 25 | -346.1% | 25.5% | ||
| Q1 25 | -125.9% | — |
| Q4 25 | -245.5% | 7.6% | ||
| Q3 25 | -46.4% | -1.1% | ||
| Q2 25 | -632.7% | 18.8% | ||
| Q1 25 | -68.5% | — |
| Q4 25 | $-0.10 | $0.02 | ||
| Q3 25 | $-0.30 | $0.00 | ||
| Q2 25 | $-0.65 | $0.05 | ||
| Q1 25 | $-0.13 | — |
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 | — |
| Total DebtLower is stronger | — | $4.6M |
| Stockholders' EquityBook value | $62.5M | $21.2M |
| Total Assets | $79.7M | $32.4M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.0M | — | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $45.5M | — |
| Q4 25 | — | $4.6M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $4.9M | ||
| Q1 25 | — | — |
| Q4 25 | $62.5M | $21.2M | ||
| Q3 25 | $33.9M | $21.0M | ||
| Q2 25 | $31.9M | $20.4M | ||
| Q1 25 | $40.8M | — |
| Q4 25 | $79.7M | $32.4M | ||
| Q3 25 | $46.3M | $32.2M | ||
| Q2 25 | $45.1M | $32.0M | ||
| Q1 25 | $48.6M | — |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | — |
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 | $240.9K |
| Free Cash FlowOCF − Capex | $-7.1M | — |
| FCF MarginFCF / Revenue | -252.6% | — |
| Capex IntensityCapex / Revenue | 5.3% | — |
| Cash ConversionOCF / Net Profit | — | 0.78× |
| TTM Free Cash FlowTrailing 4 quarters | $-20.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.9M | $240.9K | ||
| Q3 25 | $-5.3M | $399.8K | ||
| Q2 25 | $-6.1M | $-508.6K | ||
| Q1 25 | $-2.0M | — |
| Q4 25 | $-7.1M | — | ||
| Q3 25 | $-5.4M | — | ||
| Q2 25 | $-6.1M | $-551.1K | ||
| Q1 25 | $-2.1M | — |
| Q4 25 | -252.6% | — | ||
| Q3 25 | -188.8% | — | ||
| Q2 25 | -370.9% | -14.0% | ||
| Q1 25 | -72.0% | — |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 0.5% | 1.1% | ||
| Q1 25 | 2.2% | — |
| Q4 25 | — | 0.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.69× | ||
| Q1 25 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACOG
Segment breakdown not available.
FATN
| Products | $2.6M | 63% |
| Other | $1.5M | 37% |
