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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Moolec Science SA (MLEC). Click either name above to swap in a different company.

Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $2.6M, roughly 1.1× Moolec Science SA). Moolec Science SA runs the higher net margin — -91.8% vs -245.5%, a 153.6% gap on every dollar of revenue.

Moolec Science SA is a global agricultural biotechnology and food technology company specializing in molecular farming. It uses engineered crop platforms to produce sustainable, cost-competitive animal-derived proteins for use in alternative meat, dairy products and food ingredients, serving food manufacturers, agribusinesses and consumer goods brands across North America, Europe and Latin America.

ACOG vs MLEC — Head-to-Head

Bigger by revenue
ACOG
ACOG
1.1× larger
ACOG
$2.8M
$2.6M
MLEC
Higher net margin
MLEC
MLEC
153.6% more per $
MLEC
-91.8%
-245.5%
ACOG

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ACOG
ACOG
MLEC
MLEC
Revenue
$2.8M
$2.6M
Net Profit
$-6.9M
$-2.4M
Gross Margin
-25.5%
Operating Margin
-283.7%
-77.9%
Net Margin
-245.5%
-91.8%
Revenue YoY
Net Profit YoY
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
MLEC
MLEC
Q4 25
$2.8M
Q3 25
$2.8M
Q2 25
$1.7M
Q1 25
$2.9M
Q4 24
$2.6M
Q3 23
$1.7M
Net Profit
ACOG
ACOG
MLEC
MLEC
Q4 25
$-6.9M
Q3 25
$-1.3M
Q2 25
$-10.5M
Q1 25
$-2.0M
Q4 24
$-2.4M
Q3 23
$-1.6M
Gross Margin
ACOG
ACOG
MLEC
MLEC
Q4 25
Q3 25
Q2 25
96.7%
Q1 25
99.6%
Q4 24
-25.5%
Q3 23
12.7%
Operating Margin
ACOG
ACOG
MLEC
MLEC
Q4 25
-283.7%
Q3 25
-187.0%
Q2 25
-346.1%
Q1 25
-125.9%
Q4 24
-77.9%
Q3 23
-130.3%
Net Margin
ACOG
ACOG
MLEC
MLEC
Q4 25
-245.5%
Q3 25
-46.4%
Q2 25
-632.7%
Q1 25
-68.5%
Q4 24
-91.8%
Q3 23
-91.4%
EPS (diluted)
ACOG
ACOG
MLEC
MLEC
Q4 25
$-0.10
Q3 25
$-0.30
Q2 25
$-0.65
Q1 25
$-0.13
Q4 24
$-0.06
Q3 23
$-0.04

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
MLEC
MLEC
Cash + ST InvestmentsLiquidity on hand
$66.0M
$1.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$2.8M
Total Assets
$79.7M
$31.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
MLEC
MLEC
Q4 25
$66.0M
Q3 25
$35.4M
Q2 25
$39.4M
Q1 25
$45.5M
Q4 24
$1.9M
Q3 23
$853.6K
Stockholders' Equity
ACOG
ACOG
MLEC
MLEC
Q4 25
$62.5M
Q3 25
$33.9M
Q2 25
$31.9M
Q1 25
$40.8M
Q4 24
$2.8M
Q3 23
$8.9M
Total Assets
ACOG
ACOG
MLEC
MLEC
Q4 25
$79.7M
Q3 25
$46.3M
Q2 25
$45.1M
Q1 25
$48.6M
Q4 24
$31.4M
Q3 23
$22.5M

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
MLEC
MLEC
Operating Cash FlowLast quarter
$-6.9M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
5.3%
4.4%
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
MLEC
MLEC
Q4 25
$-6.9M
Q3 25
$-5.3M
Q2 25
$-6.1M
Q1 25
$-2.0M
Q4 24
Q3 23
$-1.7M
Free Cash Flow
ACOG
ACOG
MLEC
MLEC
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
Q1 25
$-2.1M
Q4 24
Q3 23
$-1.8M
FCF Margin
ACOG
ACOG
MLEC
MLEC
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
Q1 25
-72.0%
Q4 24
Q3 23
-106.2%
Capex Intensity
ACOG
ACOG
MLEC
MLEC
Q4 25
5.3%
Q3 25
2.6%
Q2 25
0.5%
Q1 25
2.2%
Q4 24
4.4%
Q3 23
6.0%

Financial Flow Comparison

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

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