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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Fly-E Group, Inc. (FLYE). Click either name above to swap in a different company.
Fly-E Group, Inc. is the larger business by last-quarter revenue ($3.9M vs $2.8M, roughly 1.4× Alpha Cognition Inc.). Fly-E Group, Inc. runs the higher net margin — -45.4% vs -245.5%, a 200.0% gap on every dollar of revenue. Fly-E Group, Inc. produced more free cash flow last quarter ($-2.5M vs $-7.1M).
ACOG vs FLYE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $3.9M |
| Net Profit | $-6.9M | $-1.8M |
| Gross Margin | — | 25.0% |
| Operating Margin | -283.7% | -26.8% |
| Net Margin | -245.5% | -45.4% |
| Revenue YoY | — | -42.7% |
| Net Profit YoY | — | -55.4% |
| EPS (diluted) | $-0.10 | — |
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 | — | ||
| Q3 25 | $2.8M | $3.9M | ||
| Q2 25 | $1.7M | $5.3M | ||
| Q1 25 | $2.9M | $5.1M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | $7.9M |
| Q4 25 | $-6.9M | — | ||
| Q3 25 | $-1.3M | $-1.8M | ||
| Q2 25 | $-10.5M | $-2.0M | ||
| Q1 25 | $-2.0M | $-3.3M | ||
| Q4 24 | — | $-684.5K | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-179.5K |
| Q4 25 | — | — | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | 96.7% | 42.4% | ||
| Q1 25 | 99.6% | 37.3% | ||
| Q4 24 | — | 45.1% | ||
| Q3 24 | — | 42.6% | ||
| Q2 24 | — | 39.4% |
| Q4 25 | -283.7% | — | ||
| Q3 25 | -187.0% | -26.8% | ||
| Q2 25 | -346.1% | -28.2% | ||
| Q1 25 | -125.9% | -46.4% | ||
| Q4 24 | — | -16.6% | ||
| Q3 24 | — | -18.0% | ||
| Q2 24 | — | -0.6% |
| Q4 25 | -245.5% | — | ||
| Q3 25 | -46.4% | -45.4% | ||
| Q2 25 | -632.7% | -37.7% | ||
| Q1 25 | -68.5% | -65.0% | ||
| Q4 24 | — | -12.1% | ||
| Q3 24 | — | -16.7% | ||
| Q2 24 | — | -2.3% |
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.30 | — | ||
| Q2 25 | $-0.65 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $2.5M |
| Total DebtLower is stronger | — | $200.0K |
| Stockholders' EquityBook value | $62.5M | $15.3M |
| Total Assets | $79.7M | $31.6M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.0M | — | ||
| Q3 25 | $35.4M | $2.5M | ||
| Q2 25 | $39.4M | $2.3M | ||
| Q1 25 | $45.5M | $840.1K | ||
| Q4 24 | — | $1.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $200.0K | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $62.5M | — | ||
| Q3 25 | $33.9M | $15.3M | ||
| Q2 25 | $31.9M | $13.7M | ||
| Q1 25 | $40.8M | $9.8M | ||
| Q4 24 | — | $13.1M | ||
| Q3 24 | — | $13.8M | ||
| Q2 24 | — | $15.0M |
| Q4 25 | $79.7M | — | ||
| Q3 25 | $46.3M | $31.6M | ||
| Q2 25 | $45.1M | $33.8M | ||
| Q1 25 | $48.6M | $33.7M | ||
| Q4 24 | — | $37.2M | ||
| Q3 24 | — | $38.2M | ||
| Q2 24 | — | $35.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-2.4M |
| Free Cash FlowOCF − Capex | $-7.1M | $-2.5M |
| FCF MarginFCF / Revenue | -252.6% | -64.5% |
| Capex IntensityCapex / Revenue | 5.3% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-20.7M | $-8.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.9M | — | ||
| Q3 25 | $-5.3M | $-2.4M | ||
| Q2 25 | $-6.1M | $-5.3M | ||
| Q1 25 | $-2.0M | $-645.5K | ||
| Q4 24 | — | $-1.8K | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $-4.5M |
| Q4 25 | $-7.1M | — | ||
| Q3 25 | $-5.4M | $-2.5M | ||
| Q2 25 | $-6.1M | $-5.4M | ||
| Q1 25 | $-2.1M | $-661.4K | ||
| Q4 24 | — | $-44.2K | ||
| Q3 24 | — | $-6.1M | ||
| Q2 24 | — | $-4.9M |
| Q4 25 | -252.6% | — | ||
| Q3 25 | -188.8% | -64.5% | ||
| Q2 25 | -370.9% | -101.8% | ||
| Q1 25 | -72.0% | -13.1% | ||
| Q4 24 | — | -0.8% | ||
| Q3 24 | — | -89.6% | ||
| Q2 24 | — | -61.9% |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.6% | 2.5% | ||
| Q2 25 | 0.5% | 2.7% | ||
| Q1 25 | 2.2% | 0.3% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | 4.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACOG
Segment breakdown not available.
FLYE
| Other | $2.2M | 56% |
| Revenueswholesale | $1.7M | 44% |
