vs

Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Seritage Growth Properties (SRG). Click either name above to swap in a different company.

Seritage Growth Properties is the larger business by last-quarter revenue ($4.2M vs $2.8M, roughly 1.5× Alpha Cognition Inc.).

Seritage Growth Properties is a U.S.-headquartered publicly traded real estate investment trust. It owns, redevelops, and manages a diversified portfolio of retail, residential, and mixed-use commercial properties across key U.S. markets, leasing spaces to retail, dining, and service sector tenants.

ACOG vs SRG — Head-to-Head

Bigger by revenue
SRG
SRG
1.5× larger
SRG
$4.2M
$2.8M
ACOG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACOG
ACOG
SRG
SRG
Revenue
$2.8M
$4.2M
Net Profit
$-6.9M
Gross Margin
Operating Margin
-283.7%
Net Margin
-245.5%
Revenue YoY
-4.9%
Net Profit YoY
55.2%
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
SRG
SRG
Q4 25
$2.8M
$4.2M
Q3 25
$2.8M
$4.8M
Q2 25
$1.7M
$4.7M
Q1 25
$2.9M
$4.6M
Q4 24
$4.4M
Q3 24
$3.3M
Q2 24
$4.2M
Q1 24
$5.8M
Net Profit
ACOG
ACOG
SRG
SRG
Q4 25
$-6.9M
Q3 25
$-1.3M
$-12.4M
Q2 25
$-10.5M
$-28.5M
Q1 25
$-2.0M
$-22.2M
Q4 24
Q3 24
$-22.0M
Q2 24
$-101.2M
Q1 24
$-19.0M
Gross Margin
ACOG
ACOG
SRG
SRG
Q4 25
Q3 25
Q2 25
96.7%
Q1 25
99.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ACOG
ACOG
SRG
SRG
Q4 25
-283.7%
Q3 25
-187.0%
-258.0%
Q2 25
-346.1%
-610.2%
Q1 25
-125.9%
-486.9%
Q4 24
Q3 24
-673.2%
Q2 24
-2366.1%
Q1 24
-328.7%
Net Margin
ACOG
ACOG
SRG
SRG
Q4 25
-245.5%
Q3 25
-46.4%
-259.6%
Q2 25
-632.7%
-612.6%
Q1 25
-68.5%
-482.8%
Q4 24
Q3 24
-675.9%
Q2 24
-2401.0%
Q1 24
-328.9%
EPS (diluted)
ACOG
ACOG
SRG
SRG
Q4 25
$-0.10
Q3 25
$-0.30
$-0.24
Q2 25
$-0.65
$-0.53
Q1 25
$-0.13
$-0.42
Q4 24
Q3 24
$-0.41
Q2 24
$-1.82
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
SRG
SRG
Cash + ST InvestmentsLiquidity on hand
$66.0M
$48.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$331.4M
Total Assets
$79.7M
$393.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
SRG
SRG
Q4 25
$66.0M
$48.1M
Q3 25
$35.4M
$51.5M
Q2 25
$39.4M
$71.8M
Q1 25
$45.5M
$94.3M
Q4 24
$85.2M
Q3 24
$85.6M
Q2 24
$86.7M
Q1 24
$114.9M
Stockholders' Equity
ACOG
ACOG
SRG
SRG
Q4 25
$62.5M
$331.4M
Q3 25
$33.9M
$337.7M
Q2 25
$31.9M
$351.4M
Q1 25
$40.8M
$381.1M
Q4 24
$404.5M
Q3 24
$417.5M
Q2 24
$440.4M
Q1 24
$542.4M
Total Assets
ACOG
ACOG
SRG
SRG
Q4 25
$79.7M
$393.8M
Q3 25
$46.3M
$558.6M
Q2 25
$45.1M
$575.7M
Q1 25
$48.6M
$649.7M
Q4 24
$677.8M
Q3 24
$735.0M
Q2 24
$758.3M
Q1 24
$914.6M

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
SRG
SRG
Operating Cash FlowLast quarter
$-6.9M
$-34.9M
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
SRG
SRG
Q4 25
$-6.9M
$-34.9M
Q3 25
$-5.3M
$-12.5M
Q2 25
$-6.1M
$-12.0M
Q1 25
$-2.0M
$-9.2M
Q4 24
$-53.5M
Q3 24
$-15.5M
Q2 24
$-7.5M
Q1 24
$-16.6M
Free Cash Flow
ACOG
ACOG
SRG
SRG
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
SRG
SRG
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
SRG
SRG
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.

Related Comparisons