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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Motorsport Games Inc. (MSGM). Click either name above to swap in a different company.

Motorsport Games Inc. is the larger business by last-quarter revenue ($3.8M vs $2.8M, roughly 1.4× Alpha Cognition Inc.). Motorsport Games Inc. runs the higher net margin — 21.8% vs -245.5%, a 267.3% gap on every dollar of revenue.

Motorsport Games Inc. is an American video game developer, publisher and esports event organizer based in Miramar, Florida. Motorsport Games is owned by Driven Lifestyle Group LLC.

ACOG vs MSGM — Head-to-Head

Bigger by revenue
MSGM
MSGM
1.4× larger
MSGM
$3.8M
$2.8M
ACOG
Higher net margin
MSGM
MSGM
267.3% more per $
MSGM
21.8%
-245.5%
ACOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACOG
ACOG
MSGM
MSGM
Revenue
$2.8M
$3.8M
Net Profit
$-6.9M
$839.3K
Gross Margin
85.0%
Operating Margin
-283.7%
14.9%
Net Margin
-245.5%
21.8%
Revenue YoY
94.9%
Net Profit YoY
131.8%
EPS (diluted)
$-0.10
$0.14

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
MSGM
MSGM
Q4 25
$2.8M
$3.8M
Q3 25
$2.8M
$3.1M
Q2 25
$1.7M
$2.6M
Q1 25
$2.9M
$1.8M
Q4 24
$2.0M
Q3 24
$1.8M
Q2 24
$1.9M
Q1 24
$3.0M
Net Profit
ACOG
ACOG
MSGM
MSGM
Q4 25
$-6.9M
$839.3K
Q3 25
$-1.3M
$789.3K
Q2 25
$-10.5M
$4.3M
Q1 25
$-2.0M
$1.0M
Q4 24
$-2.6M
Q3 24
$-554.6K
Q2 24
$2.1M
Q1 24
$-1.7M
Gross Margin
ACOG
ACOG
MSGM
MSGM
Q4 25
85.0%
Q3 25
80.7%
Q2 25
96.7%
82.4%
Q1 25
99.6%
73.5%
Q4 24
45.8%
Q3 24
60.2%
Q2 24
59.0%
Q1 24
78.0%
Operating Margin
ACOG
ACOG
MSGM
MSGM
Q4 25
-283.7%
14.9%
Q3 25
-187.0%
25.8%
Q2 25
-346.1%
75.9%
Q1 25
-125.9%
-5.3%
Q4 24
-33.5%
Q3 24
-107.2%
Q2 24
Q1 24
-40.1%
Net Margin
ACOG
ACOG
MSGM
MSGM
Q4 25
-245.5%
21.8%
Q3 25
-46.4%
25.5%
Q2 25
-632.7%
164.3%
Q1 25
-68.5%
59.2%
Q4 24
-133.7%
Q3 24
-30.8%
Q2 24
111.9%
Q1 24
-55.0%
EPS (diluted)
ACOG
ACOG
MSGM
MSGM
Q4 25
$-0.10
$0.14
Q3 25
$-0.30
$0.14
Q2 25
$-0.65
$0.82
Q1 25
$-0.13
$0.33
Q4 24
$-0.92
Q3 24
$-0.18
Q2 24
$0.77
Q1 24
$-0.61

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
MSGM
MSGM
Cash + ST InvestmentsLiquidity on hand
$66.0M
$5.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$6.8M
Total Assets
$79.7M
$12.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
MSGM
MSGM
Q4 25
$66.0M
$5.0M
Q3 25
$35.4M
$4.1M
Q2 25
$39.4M
$2.4M
Q1 25
$45.5M
$1.1M
Q4 24
$859.3K
Q3 24
$1.1M
Q2 24
$300.0K
Q1 24
$500.0K
Stockholders' Equity
ACOG
ACOG
MSGM
MSGM
Q4 25
$62.5M
$6.8M
Q3 25
$33.9M
$5.9M
Q2 25
$31.9M
$4.8M
Q1 25
$40.8M
$648.4K
Q4 24
$496.3K
Q3 24
$4.1M
Q2 24
$4.3M
Q1 24
$2.1M
Total Assets
ACOG
ACOG
MSGM
MSGM
Q4 25
$79.7M
$12.0M
Q3 25
$46.3M
$10.1M
Q2 25
$45.1M
$8.2M
Q1 25
$48.6M
$6.1M
Q4 24
$6.3M
Q3 24
$7.0M
Q2 24
$7.2M
Q1 24
$9.8M

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
MSGM
MSGM
Operating Cash FlowLast quarter
$-6.9M
$1.7M
Free Cash FlowOCF − Capex
$-7.1M
FCF MarginFCF / Revenue
-252.6%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters
$-20.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACOG
ACOG
MSGM
MSGM
Q4 25
$-6.9M
$1.7M
Q3 25
$-5.3M
$2.1M
Q2 25
$-6.1M
$-30.5K
Q1 25
$-2.0M
$305.2K
Q4 24
$-1.1M
Q3 24
$-680.3K
Q2 24
$-695.9K
Q1 24
$-373.7K
Free Cash Flow
ACOG
ACOG
MSGM
MSGM
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
Q1 25
$-2.1M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ACOG
ACOG
MSGM
MSGM
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
Q1 25
-72.0%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ACOG
ACOG
MSGM
MSGM
Q4 25
5.3%
Q3 25
2.6%
Q2 25
0.5%
Q1 25
2.2%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
ACOG
ACOG
MSGM
MSGM
Q4 25
2.07×
Q3 25
2.61×
Q2 25
-0.01×
Q1 25
0.29×
Q4 24
Q3 24
Q2 24
-0.33×
Q1 24

Financial Flow Comparison

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

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