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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and TIAN RUIXIANG HOLDINGS LTD (TIRX). Click either name above to swap in a different company.

Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $2.0M, roughly 1.4× TIAN RUIXIANG HOLDINGS LTD). TIAN RUIXIANG HOLDINGS LTD runs the higher net margin — -12.3% vs -245.5%, a 233.1% gap on every dollar of revenue. TIAN RUIXIANG HOLDINGS LTD produced more free cash flow last quarter ($263.1K vs $-7.1M).

Tian Ruixiang Holdings Ltd is a China-based insurance intermediary service provider. It distributes various insurance products including property insurance, casualty insurance and life insurance from multiple partner insurance carriers, catering to both individual and corporate clients mainly across regional markets in mainland China.

ACOG vs TIRX — Head-to-Head

Bigger by revenue
ACOG
ACOG
1.4× larger
ACOG
$2.8M
$2.0M
TIRX
Higher net margin
TIRX
TIRX
233.1% more per $
TIRX
-12.3%
-245.5%
ACOG
More free cash flow
TIRX
TIRX
$7.3M more FCF
TIRX
$263.1K
$-7.1M
ACOG

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ACOG
ACOG
TIRX
TIRX
Revenue
$2.8M
$2.0M
Net Profit
$-6.9M
$-248.3K
Gross Margin
85.6%
Operating Margin
-283.7%
-6.7%
Net Margin
-245.5%
-12.3%
Revenue YoY
-35.8%
Net Profit YoY
-159.3%
EPS (diluted)
$-0.10
$-0.02

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
TIRX
TIRX
Q4 25
$2.8M
Q3 25
$2.8M
Q2 25
$1.7M
$2.0M
Q1 25
$2.9M
Q2 24
$3.1M
Q2 23
$724.9K
Q2 22
$945.6K
Net Profit
ACOG
ACOG
TIRX
TIRX
Q4 25
$-6.9M
Q3 25
$-1.3M
Q2 25
$-10.5M
$-248.3K
Q1 25
$-2.0M
Q2 24
$418.9K
Q2 23
$-1.5M
Q2 22
$-3.5M
Gross Margin
ACOG
ACOG
TIRX
TIRX
Q4 25
Q3 25
Q2 25
96.7%
85.6%
Q1 25
99.6%
Q2 24
89.7%
Q2 23
Q2 22
Operating Margin
ACOG
ACOG
TIRX
TIRX
Q4 25
-283.7%
Q3 25
-187.0%
Q2 25
-346.1%
-6.7%
Q1 25
-125.9%
Q2 24
18.6%
Q2 23
-266.0%
Q2 22
-410.3%
Net Margin
ACOG
ACOG
TIRX
TIRX
Q4 25
-245.5%
Q3 25
-46.4%
Q2 25
-632.7%
-12.3%
Q1 25
-68.5%
Q2 24
13.4%
Q2 23
-205.0%
Q2 22
-370.5%
EPS (diluted)
ACOG
ACOG
TIRX
TIRX
Q4 25
$-0.10
Q3 25
$-0.30
Q2 25
$-0.65
$-0.02
Q1 25
$-0.13
Q2 24
$0.01
Q2 23
$-2.50
Q2 22
$-1.42

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
TIRX
TIRX
Cash + ST InvestmentsLiquidity on hand
$66.0M
$28.0M
Total DebtLower is stronger
$3.5M
Stockholders' EquityBook value
$62.5M
$-16.1M
Total Assets
$79.7M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
TIRX
TIRX
Q4 25
$66.0M
Q3 25
$35.4M
Q2 25
$39.4M
$28.0M
Q1 25
$45.5M
Q2 24
$27.5M
Q2 23
$35.9M
Q2 22
$29.0M
Total Debt
ACOG
ACOG
TIRX
TIRX
Q4 25
Q3 25
Q2 25
$3.5M
Q1 25
Q2 24
Q2 23
Q2 22
Stockholders' Equity
ACOG
ACOG
TIRX
TIRX
Q4 25
$62.5M
Q3 25
$33.9M
Q2 25
$31.9M
$-16.1M
Q1 25
$40.8M
Q2 24
$32.3M
Q2 23
$34.5M
Q2 22
$37.1M
Total Assets
ACOG
ACOG
TIRX
TIRX
Q4 25
$79.7M
Q3 25
$46.3M
Q2 25
$45.1M
$6.0M
Q1 25
$48.6M
Q2 24
$38.0M
Q2 23
$37.0M
Q2 22
$38.6M

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
TIRX
TIRX
Operating Cash FlowLast quarter
$-6.9M
$263.7K
Free Cash FlowOCF − Capex
$-7.1M
$263.1K
FCF MarginFCF / Revenue
-252.6%
13.1%
Capex IntensityCapex / Revenue
5.3%
0.0%
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
TIRX
TIRX
Q4 25
$-6.9M
Q3 25
$-5.3M
Q2 25
$-6.1M
$263.7K
Q1 25
$-2.0M
Q2 24
$-646.8K
Q2 23
$761.6K
Q2 22
$-75.6K
Free Cash Flow
ACOG
ACOG
TIRX
TIRX
Q4 25
$-7.1M
Q3 25
$-5.4M
Q2 25
$-6.1M
$263.1K
Q1 25
$-2.1M
Q2 24
Q2 23
Q2 22
$-78.0K
FCF Margin
ACOG
ACOG
TIRX
TIRX
Q4 25
-252.6%
Q3 25
-188.8%
Q2 25
-370.9%
13.1%
Q1 25
-72.0%
Q2 24
Q2 23
Q2 22
-8.3%
Capex Intensity
ACOG
ACOG
TIRX
TIRX
Q4 25
5.3%
Q3 25
2.6%
Q2 25
0.5%
0.0%
Q1 25
2.2%
Q2 24
Q2 23
0.0%
Q2 22
0.3%
Cash Conversion
ACOG
ACOG
TIRX
TIRX
Q4 25
Q3 25
Q2 25
Q1 25
Q2 24
-1.54×
Q2 23
Q2 22

Financial Flow Comparison

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

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