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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and AgEagle Aerial Systems Inc. (UAVS). Click either name above to swap in a different company.

Alpha Cognition Inc. is the larger business by last-quarter revenue ($2.8M vs $2.0M, roughly 1.4× AgEagle Aerial Systems Inc.). AgEagle Aerial Systems Inc. runs the higher net margin — -132.7% vs -245.5%, a 112.7% gap on every dollar of revenue. AgEagle Aerial Systems Inc. produced more free cash flow last quarter ($-3.3M vs $-7.1M).

Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial vehicles. It is an important company within the defense industry of Israel.

ACOG vs UAVS — Head-to-Head

Bigger by revenue
ACOG
ACOG
1.4× larger
ACOG
$2.8M
$2.0M
UAVS
Higher net margin
UAVS
UAVS
112.7% more per $
UAVS
-132.7%
-245.5%
ACOG
More free cash flow
UAVS
UAVS
$3.7M more FCF
UAVS
$-3.3M
$-7.1M
ACOG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ACOG
ACOG
UAVS
UAVS
Revenue
$2.8M
$2.0M
Net Profit
$-6.9M
$-2.6M
Gross Margin
38.5%
Operating Margin
-283.7%
-160.1%
Net Margin
-245.5%
-132.7%
Revenue YoY
-40.0%
Net Profit YoY
24.4%
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.

Revenue
ACOG
ACOG
UAVS
UAVS
Q4 25
$2.8M
Q3 25
$2.8M
$2.0M
Q2 25
$1.7M
$4.2M
Q1 25
$2.9M
$3.6M
Q4 24
$2.8M
Q3 24
$3.3M
Q2 24
$3.4M
Q1 24
$3.9M
Net Profit
ACOG
ACOG
UAVS
UAVS
Q4 25
$-6.9M
Q3 25
$-1.3M
$-2.6M
Q2 25
$-10.5M
$-1.3M
Q1 25
$-2.0M
$7.1M
Q4 24
$-22.3M
Q3 24
$-3.5M
Q2 24
$-2.9M
Q1 24
$-6.3M
Gross Margin
ACOG
ACOG
UAVS
UAVS
Q4 25
Q3 25
38.5%
Q2 25
96.7%
55.7%
Q1 25
99.6%
58.5%
Q4 24
40.6%
Q3 24
49.7%
Q2 24
45.8%
Q1 24
50.2%
Operating Margin
ACOG
ACOG
UAVS
UAVS
Q4 25
-283.7%
Q3 25
-187.0%
-160.1%
Q2 25
-346.1%
-49.3%
Q1 25
-125.9%
-27.5%
Q4 24
-207.0%
Q3 24
-56.7%
Q2 24
-74.9%
Q1 24
-61.5%
Net Margin
ACOG
ACOG
UAVS
UAVS
Q4 25
-245.5%
Q3 25
-46.4%
-132.7%
Q2 25
-632.7%
-30.5%
Q1 25
-68.5%
193.5%
Q4 24
-791.9%
Q3 24
-105.3%
Q2 24
-86.4%
Q1 24
-162.2%
EPS (diluted)
ACOG
ACOG
UAVS
UAVS
Q4 25
$-0.10
Q3 25
$-0.30
$-0.09
Q2 25
$-0.65
$-0.32
Q1 25
$-0.13
$-0.09
Q4 24
$52.35
Q3 24
$-16.03
Q2 24
$-12.06
Q1 24
$-70.50

Balance Sheet & Financial Strength

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

Metric
ACOG
ACOG
UAVS
UAVS
Cash + ST InvestmentsLiquidity on hand
$66.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$62.5M
$28.3M
Total Assets
$79.7M
$34.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACOG
ACOG
UAVS
UAVS
Q4 25
$66.0M
Q3 25
$35.4M
Q2 25
$39.4M
Q1 25
$45.5M
$3.8M
Q4 24
$3.6M
Q3 24
$265.1K
Q2 24
$977.2K
Q1 24
$822.9K
Total Debt
ACOG
ACOG
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
$420.4K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ACOG
ACOG
UAVS
UAVS
Q4 25
$62.5M
Q3 25
$33.9M
$28.3M
Q2 25
$31.9M
$16.3M
Q1 25
$40.8M
$4.2M
Q4 24
$-5.7M
Q3 24
$6.2M
Q2 24
$8.1M
Q1 24
$9.1M
Total Assets
ACOG
ACOG
UAVS
UAVS
Q4 25
$79.7M
Q3 25
$46.3M
$34.5M
Q2 25
$45.1M
$23.2M
Q1 25
$48.6M
$20.2M
Q4 24
$20.6M
Q3 24
$22.0M
Q2 24
$22.8M
Q1 24
$23.2M
Debt / Equity
ACOG
ACOG
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
0.10×
Q4 24
Q3 24
Q2 24
Q1 24

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
UAVS
UAVS
Operating Cash FlowLast quarter
$-6.9M
$-3.3M
Free Cash FlowOCF − Capex
$-7.1M
$-3.3M
FCF MarginFCF / Revenue
-252.6%
-168.0%
Capex IntensityCapex / Revenue
5.3%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.7M
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACOG
ACOG
UAVS
UAVS
Q4 25
$-6.9M
Q3 25
$-5.3M
$-3.3M
Q2 25
$-6.1M
$-2.7M
Q1 25
$-2.0M
$-1.3M
Q4 24
$-2.5M
Q3 24
$-1.1M
Q2 24
$-1.4M
Q1 24
$-1.6M
Free Cash Flow
ACOG
ACOG
UAVS
UAVS
Q4 25
$-7.1M
Q3 25
$-5.4M
$-3.3M
Q2 25
$-6.1M
$-2.8M
Q1 25
$-2.1M
$-1.3M
Q4 24
$-2.5M
Q3 24
$-1.1M
Q2 24
$-1.4M
Q1 24
$-1.6M
FCF Margin
ACOG
ACOG
UAVS
UAVS
Q4 25
-252.6%
Q3 25
-188.8%
-168.0%
Q2 25
-370.9%
-65.7%
Q1 25
-72.0%
-35.8%
Q4 24
-89.7%
Q3 24
-32.7%
Q2 24
-42.5%
Q1 24
-40.5%
Capex Intensity
ACOG
ACOG
UAVS
UAVS
Q4 25
5.3%
Q3 25
2.6%
0.7%
Q2 25
0.5%
0.3%
Q1 25
2.2%
0.3%
Q4 24
0.5%
Q3 24
0.0%
Q2 24
0.4%
Q1 24
0.6%
Cash Conversion
ACOG
ACOG
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
-0.18×
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
ACOG

Segment breakdown not available.

UAVS
UAVS

Drones Segment$1.1M54%
Other$912.5K46%

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