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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and TDH Holdings, Inc. (PETZ). Click either name above to swap in a different company.

Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $1.5M, roughly 1.9× TDH Holdings, Inc.). TDH Holdings, Inc. runs the higher net margin — -90.1% vs -245.5%, a 155.3% gap on every dollar of revenue.

TDH Holdings, Inc. is a pet product enterprise that develops, manufactures and distributes a comprehensive portfolio of pet food, nutritional treats, and daily pet supplies for dogs and cats. Its primary market is mainland China, catering to both online e-commerce and offline physical retail customer segments.

ACOG vs PETZ — Head-to-Head

Bigger by revenue
ACOG
ACOG
1.9× larger
ACOG
$2.8M
$1.5M
PETZ
Higher net margin
PETZ
PETZ
155.3% more per $
PETZ
-90.1%
-245.5%
ACOG

Income Statement — Q4 FY2025 vs Q2 FY2023

Metric
ACOG
ACOG
PETZ
PETZ
Revenue
$2.8M
$1.5M
Net Profit
$-6.9M
$-1.3M
Gross Margin
27.5%
Operating Margin
-283.7%
-149.8%
Net Margin
-245.5%
-90.1%
Revenue YoY
Net Profit YoY
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
PETZ
PETZ
Q4 25
$2.8M
Q3 25
$2.8M
Q2 25
$1.7M
Q1 25
$2.9M
Q2 23
$1.5M
Net Profit
ACOG
ACOG
PETZ
PETZ
Q4 25
$-6.9M
Q3 25
$-1.3M
Q2 25
$-10.5M
Q1 25
$-2.0M
Q2 23
$-1.3M
Gross Margin
ACOG
ACOG
PETZ
PETZ
Q4 25
Q3 25
Q2 25
96.7%
Q1 25
99.6%
Q2 23
27.5%
Operating Margin
ACOG
ACOG
PETZ
PETZ
Q4 25
-283.7%
Q3 25
-187.0%
Q2 25
-346.1%
Q1 25
-125.9%
Q2 23
-149.8%
Net Margin
ACOG
ACOG
PETZ
PETZ
Q4 25
-245.5%
Q3 25
-46.4%
Q2 25
-632.7%
Q1 25
-68.5%
Q2 23
-90.1%
EPS (diluted)
ACOG
ACOG
PETZ
PETZ
Q4 25
$-0.10
Q3 25
$-0.30
Q2 25
$-0.65
Q1 25
$-0.13
Q2 23

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
PETZ
PETZ
Cash + ST InvestmentsLiquidity on hand
$66.0M
$31.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$21.2M
Total Assets
$79.7M
$36.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
PETZ
PETZ
Q4 25
$66.0M
Q3 25
$35.4M
Q2 25
$39.4M
Q1 25
$45.5M
Q2 23
$31.8M
Stockholders' Equity
ACOG
ACOG
PETZ
PETZ
Q4 25
$62.5M
Q3 25
$33.9M
Q2 25
$31.9M
Q1 25
$40.8M
Q2 23
$21.2M
Total Assets
ACOG
ACOG
PETZ
PETZ
Q4 25
$79.7M
Q3 25
$46.3M
Q2 25
$45.1M
Q1 25
$48.6M
Q2 23
$36.5M

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
PETZ
PETZ
Operating Cash FlowLast quarter
$-6.9M
$-581.1K
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.

Operating Cash Flow
ACOG
ACOG
PETZ
PETZ
Q4 25
$-6.9M
Q3 25
$-5.3M
Q2 25
$-6.1M
Q1 25
$-2.0M
Q2 23
$-581.1K
Free Cash Flow
ACOG
ACOG
PETZ
PETZ
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
Q1 25
$-2.1M
Q2 23
FCF Margin
ACOG
ACOG
PETZ
PETZ
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
Q1 25
-72.0%
Q2 23
Capex Intensity
ACOG
ACOG
PETZ
PETZ
Q4 25
5.3%
Q3 25
2.6%
Q2 25
0.5%
Q1 25
2.2%
Q2 23

Financial Flow Comparison

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

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