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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Peraso Inc. (PRSO). Click either name above to swap in a different company.
Peraso Inc. is the larger business by last-quarter revenue ($2.9M vs $2.8M, roughly 1.0× Alpha Cognition Inc.). Peraso Inc. runs the higher net margin — -43.3% vs -245.5%, a 202.2% gap on every dollar of revenue.
Peraso Inc. is a semiconductor technology firm specializing in the design and production of high-performance millimeter wave (mmWave) integrated circuits and modules. It delivers 5G and next-generation wireless connectivity solutions for telecom infrastructure, industrial IoT, fixed wireless access and consumer electronics segments, serving customers across North America, Asia Pacific and European markets.
ACOG vs PRSO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $2.9M |
| Net Profit | $-6.9M | $-1.2M |
| Gross Margin | — | 52.2% |
| Operating Margin | -283.7% | -44.6% |
| Net Margin | -245.5% | -43.3% |
| Revenue YoY | — | -22.0% |
| Net Profit YoY | — | 20.3% |
| EPS (diluted) | $-0.10 | $-0.09 |
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 | $2.9M | ||
| Q3 25 | $2.8M | $3.2M | ||
| Q2 25 | $1.7M | $2.2M | ||
| Q1 25 | $2.9M | $3.9M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | — | $3.8M | ||
| Q2 24 | — | $4.2M | ||
| Q1 24 | — | $2.8M |
| Q4 25 | $-6.9M | $-1.2M | ||
| Q3 25 | $-1.3M | $-1.2M | ||
| Q2 25 | $-10.5M | $-1.8M | ||
| Q1 25 | $-2.0M | $-471.0K | ||
| Q4 24 | — | $-1.6M | ||
| Q3 24 | — | $-2.7M | ||
| Q2 24 | — | $-4.4M | ||
| Q1 24 | — | $-2.0M |
| Q4 25 | — | 52.2% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | 96.7% | 48.3% | ||
| Q1 25 | 99.6% | 69.3% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | 55.5% | ||
| Q1 24 | — | 46.4% |
| Q4 25 | -283.7% | -44.6% | ||
| Q3 25 | -187.0% | -36.8% | ||
| Q2 25 | -346.1% | -80.0% | ||
| Q1 25 | -125.9% | -13.3% | ||
| Q4 24 | — | -44.3% | ||
| Q3 24 | — | -70.3% | ||
| Q2 24 | — | -105.6% | ||
| Q1 24 | — | -128.9% |
| Q4 25 | -245.5% | -43.3% | ||
| Q3 25 | -46.4% | -37.4% | ||
| Q2 25 | -632.7% | -82.4% | ||
| Q1 25 | -68.5% | -12.2% | ||
| Q4 24 | — | -42.4% | ||
| Q3 24 | — | -70.6% | ||
| Q2 24 | — | -104.4% | ||
| Q1 24 | — | -72.1% |
| Q4 25 | $-0.10 | $-0.09 | ||
| Q3 25 | $-0.30 | $-0.17 | ||
| Q2 25 | $-0.65 | $-0.31 | ||
| Q1 25 | $-0.13 | $-0.10 | ||
| Q4 24 | — | $0.36 | ||
| Q3 24 | — | $-0.98 | ||
| Q2 24 | — | $-1.88 | ||
| Q1 24 | — | $-1.07 |
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 | $2.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $4.6M |
| Total Assets | $79.7M | $6.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.0M | $2.9M | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $45.5M | — | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $1.9M | ||
| Q1 24 | — | $2.4M |
| Q4 25 | $62.5M | $4.6M | ||
| Q3 25 | $33.9M | $3.6M | ||
| Q2 25 | $31.9M | $3.0M | ||
| Q1 25 | $40.8M | $3.6M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | — | $2.0M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $6.7M |
| Q4 25 | $79.7M | $6.1M | ||
| Q3 25 | $46.3M | $6.2M | ||
| Q2 25 | $45.1M | $5.5M | ||
| Q1 25 | $48.6M | $6.7M | ||
| Q4 24 | — | $7.2M | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | — | $9.8M | ||
| Q1 24 | — | $11.5M |
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 | $-1.1M |
| 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 | $-1.1M | ||
| Q3 25 | $-5.3M | $-1.5M | ||
| Q2 25 | $-6.1M | $-2.0M | ||
| Q1 25 | $-2.0M | $-966.0K | ||
| Q4 24 | — | $-687.0K | ||
| Q3 24 | — | $-683.0K | ||
| Q2 24 | — | $-659.0K | ||
| Q1 24 | — | $-2.5M |
| Q4 25 | $-7.1M | — | ||
| Q3 25 | $-5.4M | $-1.6M | ||
| Q2 25 | $-6.1M | — | ||
| Q1 25 | $-2.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -252.6% | — | ||
| Q3 25 | -188.8% | -48.9% | ||
| Q2 25 | -370.9% | — | ||
| Q1 25 | -72.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.6% | 1.1% | ||
| 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.
Revenue Breakdown by Segment
ACOG
Segment breakdown not available.
PRSO
| Products | $2.8M | 96% |
| Other | $105.0K | 4% |
