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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Belpointe PREP, LLC (OZ). Click either name above to swap in a different company.
Belpointe PREP, LLC is the larger business by last-quarter revenue ($3.1M vs $2.8M, roughly 1.1× Alpha Cognition Inc.). Alpha Cognition Inc. runs the higher net margin — -245.5% vs -380.8%, a 135.4% gap on every dollar of revenue.
ACOG vs OZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $3.1M |
| Net Profit | $-6.9M | $-11.7M |
| Gross Margin | — | — |
| Operating Margin | -283.7% | — |
| Net Margin | -245.5% | -380.8% |
| Revenue YoY | — | 180.1% |
| Net Profit YoY | — | -41.8% |
| EPS (diluted) | $-0.10 | $-3.10 |
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 | $3.1M | ||
| Q3 25 | $2.8M | $2.4M | ||
| Q2 25 | $1.7M | $2.0M | ||
| Q1 25 | $2.9M | $1.7M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $860.0K | ||
| Q2 24 | — | $384.0K | ||
| Q1 24 | — | $337.0K |
| Q4 25 | $-6.9M | $-11.7M | ||
| Q3 25 | $-1.3M | $-12.1M | ||
| Q2 25 | $-10.5M | $-7.6M | ||
| Q1 25 | $-2.0M | $-8.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $-6.9M | ||
| Q2 24 | — | $-4.7M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 96.7% | — | ||
| Q1 25 | 99.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -283.7% | — | ||
| Q3 25 | -187.0% | — | ||
| Q2 25 | -346.1% | — | ||
| Q1 25 | -125.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -245.5% | -380.8% | ||
| Q3 25 | -46.4% | -509.3% | ||
| Q2 25 | -632.7% | -381.0% | ||
| Q1 25 | -68.5% | -495.6% | ||
| Q4 24 | — | -752.0% | ||
| Q3 24 | — | -805.6% | ||
| Q2 24 | — | -1229.2% | ||
| Q1 24 | — | -1181.3% |
| Q4 25 | $-0.10 | $-3.10 | ||
| Q3 25 | $-0.30 | $-3.21 | ||
| Q2 25 | $-0.65 | $-2.06 | ||
| Q1 25 | $-0.13 | $-2.35 | ||
| Q4 24 | — | $-2.26 | ||
| Q3 24 | — | $-1.90 | ||
| Q2 24 | — | $-1.30 | ||
| Q1 24 | — | $-1.10 |
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 | $24.3M |
| Total DebtLower is stronger | — | $260.6M |
| Stockholders' EquityBook value | $62.5M | — |
| Total Assets | $79.7M | $564.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.0M | $24.3M | ||
| Q3 25 | $35.4M | $29.6M | ||
| Q2 25 | $39.4M | $25.0M | ||
| Q1 25 | $45.5M | $23.0M | ||
| Q4 24 | — | $24.7M | ||
| Q3 24 | — | $24.0M | ||
| Q2 24 | — | $24.7M | ||
| Q1 24 | — | $29.2M |
| Q4 25 | — | $260.6M | ||
| Q3 25 | — | $251.4M | ||
| Q2 25 | — | $228.4M | ||
| Q1 25 | — | $203.3M | ||
| Q4 24 | — | $177.0M | ||
| Q3 24 | — | $144.1M | ||
| Q2 24 | — | $119.9M | ||
| Q1 24 | — | $86.9M |
| Q4 25 | $62.5M | — | ||
| Q3 25 | $33.9M | — | ||
| Q2 25 | $31.9M | — | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $79.7M | $564.2M | ||
| Q3 25 | $46.3M | $570.8M | ||
| Q2 25 | $45.1M | $556.8M | ||
| Q1 25 | $48.6M | $537.4M | ||
| Q4 24 | — | $517.6M | ||
| Q3 24 | — | $495.7M | ||
| Q2 24 | — | $476.2M | ||
| Q1 24 | — | $450.9M |
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 | $-25.2M |
| Free Cash FlowOCF − Capex | $-7.1M | — |
| FCF MarginFCF / Revenue | -252.6% | — |
| Capex IntensityCapex / Revenue | 5.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-20.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.9M | $-25.2M | ||
| Q3 25 | $-5.3M | $-6.0M | ||
| Q2 25 | $-6.1M | $-2.4M | ||
| Q1 25 | $-2.0M | $-6.6M | ||
| Q4 24 | — | $-13.7M | ||
| Q3 24 | — | $-3.3M | ||
| Q2 24 | — | $1.2M | ||
| Q1 24 | — | $-6.6M |
| Q4 25 | $-7.1M | — | ||
| Q3 25 | $-5.4M | — | ||
| Q2 25 | $-6.1M | — | ||
| Q1 25 | $-2.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -252.6% | — | ||
| Q3 25 | -188.8% | — | ||
| Q2 25 | -370.9% | — | ||
| Q1 25 | -72.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
