vs

Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and mF International Ltd (MFI). Click either name above to swap in a different company.

Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $1.9M, roughly 1.5× mF International Ltd). mF International Ltd runs the higher net margin — -90.9% vs -245.5%, a 154.6% gap on every dollar of revenue. mF International Ltd produced more free cash flow last quarter ($-339.2K vs $-7.1M).

MF Global Holdings Ltd., formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-dealer subsidiary, was a primary dealer in United States Treasury securities. A series of perceived liquidity prob...

ACOG vs MFI — Head-to-Head

Bigger by revenue
ACOG
ACOG
1.5× larger
ACOG
$2.8M
$1.9M
MFI
Higher net margin
MFI
MFI
154.6% more per $
MFI
-90.9%
-245.5%
ACOG
More free cash flow
MFI
MFI
$6.7M more FCF
MFI
$-339.2K
$-7.1M
ACOG

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ACOG
ACOG
MFI
MFI
Revenue
$2.8M
$1.9M
Net Profit
$-6.9M
$-1.7M
Gross Margin
35.5%
Operating Margin
-283.7%
-93.4%
Net Margin
-245.5%
-90.9%
Revenue YoY
20.2%
Net Profit YoY
-145.6%
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.

Revenue
ACOG
ACOG
MFI
MFI
Q4 25
$2.8M
Q3 25
$2.8M
Q2 25
$1.7M
$1.9M
Q1 25
$2.9M
Q2 24
$1.6M
Net Profit
ACOG
ACOG
MFI
MFI
Q4 25
$-6.9M
Q3 25
$-1.3M
Q2 25
$-10.5M
$-1.7M
Q1 25
$-2.0M
Q2 24
$-710.3K
Gross Margin
ACOG
ACOG
MFI
MFI
Q4 25
Q3 25
Q2 25
96.7%
35.5%
Q1 25
99.6%
Q2 24
42.4%
Operating Margin
ACOG
ACOG
MFI
MFI
Q4 25
-283.7%
Q3 25
-187.0%
Q2 25
-346.1%
-93.4%
Q1 25
-125.9%
Q2 24
-50.7%
Net Margin
ACOG
ACOG
MFI
MFI
Q4 25
-245.5%
Q3 25
-46.4%
Q2 25
-632.7%
-90.9%
Q1 25
-68.5%
Q2 24
-44.5%
EPS (diluted)
ACOG
ACOG
MFI
MFI
Q4 25
$-0.10
Q3 25
$-0.30
Q2 25
$-0.65
Q1 25
$-0.13
Q2 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
MFI
MFI
Cash + ST InvestmentsLiquidity on hand
$66.0M
$1.6M
Total DebtLower is stronger
$518.6K
Stockholders' EquityBook value
$62.5M
$2.8M
Total Assets
$79.7M
$5.6M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
MFI
MFI
Q4 25
$66.0M
Q3 25
$35.4M
Q2 25
$39.4M
$1.6M
Q1 25
$45.5M
Q2 24
$3.9M
Total Debt
ACOG
ACOG
MFI
MFI
Q4 25
Q3 25
Q2 25
$518.6K
Q1 25
Q2 24
$1.0M
Stockholders' Equity
ACOG
ACOG
MFI
MFI
Q4 25
$62.5M
Q3 25
$33.9M
Q2 25
$31.9M
$2.8M
Q1 25
$40.8M
Q2 24
$6.5M
Total Assets
ACOG
ACOG
MFI
MFI
Q4 25
$79.7M
Q3 25
$46.3M
Q2 25
$45.1M
$5.6M
Q1 25
$48.6M
Q2 24
$9.3M
Debt / Equity
ACOG
ACOG
MFI
MFI
Q4 25
Q3 25
Q2 25
0.18×
Q1 25
Q2 24
0.16×

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
MFI
MFI
Operating Cash FlowLast quarter
$-6.9M
$-335.3K
Free Cash FlowOCF − Capex
$-7.1M
$-339.2K
FCF MarginFCF / Revenue
-252.6%
-17.7%
Capex IntensityCapex / Revenue
5.3%
0.2%
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
MFI
MFI
Q4 25
$-6.9M
Q3 25
$-5.3M
Q2 25
$-6.1M
$-335.3K
Q1 25
$-2.0M
Q2 24
$-2.3M
Free Cash Flow
ACOG
ACOG
MFI
MFI
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
$-339.2K
Q1 25
$-2.1M
Q2 24
$-2.3M
FCF Margin
ACOG
ACOG
MFI
MFI
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
-17.7%
Q1 25
-72.0%
Q2 24
-142.0%
Capex Intensity
ACOG
ACOG
MFI
MFI
Q4 25
5.3%
Q3 25
2.6%
Q2 25
0.5%
0.2%
Q1 25
2.2%
Q2 24
0.1%

Financial Flow Comparison

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

Related Comparisons