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Side-by-side financial comparison of Alpha Cognition Inc. (ACOG) and Zhibao Technology Inc. (ZBAO). Click either name above to swap in a different company.
Zhibao Technology Inc. is the larger business by last-quarter revenue ($4.1M vs $2.8M, roughly 1.5× Alpha Cognition Inc.). Zhibao Technology Inc. runs the higher net margin — -2.1% vs -245.5%, a 243.4% gap on every dollar of revenue.
ACOG vs ZBAO — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.8M | $4.1M |
| Net Profit | $-6.9M | $-85.5K |
| Gross Margin | — | 34.8% |
| Operating Margin | -283.7% | 2.2% |
| Net Margin | -245.5% | -2.1% |
| Revenue YoY | — | -79.7% |
| Net Profit YoY | — | 3.2% |
| 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.
| Q4 25 | $2.8M | $4.1M | ||
| Q3 25 | $2.8M | — | ||
| Q2 25 | $1.7M | — | ||
| Q1 25 | $2.9M | — | ||
| Q4 24 | — | $20.1M | ||
| Q4 23 | — | $11.9M |
| Q4 25 | $-6.9M | $-85.5K | ||
| Q3 25 | $-1.3M | — | ||
| Q2 25 | $-10.5M | — | ||
| Q1 25 | $-2.0M | — | ||
| Q4 24 | — | $-88.3K | ||
| Q4 23 | — | $-1.2M |
| Q4 25 | — | 34.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | 96.7% | — | ||
| Q1 25 | 99.6% | — | ||
| Q4 24 | — | 29.1% | ||
| Q4 23 | — | 35.7% |
| Q4 25 | -283.7% | 2.2% | ||
| Q3 25 | -187.0% | — | ||
| Q2 25 | -346.1% | — | ||
| Q1 25 | -125.9% | — | ||
| Q4 24 | — | 2.6% | ||
| Q4 23 | — | -9.9% |
| Q4 25 | -245.5% | -2.1% | ||
| Q3 25 | -46.4% | — | ||
| Q2 25 | -632.7% | — | ||
| Q1 25 | -68.5% | — | ||
| Q4 24 | — | -0.4% | ||
| Q4 23 | — | -10.1% |
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.30 | — | ||
| Q2 25 | $-0.65 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | — | $0.00 | ||
| Q4 23 | — | $-0.04 |
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 | $3.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $62.5M | $6.8M |
| Total Assets | $79.7M | $39.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.0M | $3.8M | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $45.5M | — | ||
| Q4 24 | — | $3.9M | ||
| Q4 23 | — | $779.8K |
| Q4 25 | $62.5M | $6.8M | ||
| Q3 25 | $33.9M | — | ||
| Q2 25 | $31.9M | — | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | — | $10.0M | ||
| Q4 23 | — | $2.2M |
| Q4 25 | $79.7M | $39.1M | ||
| Q3 25 | $46.3M | — | ||
| Q2 25 | $45.1M | — | ||
| Q1 25 | $48.6M | — | ||
| Q4 24 | — | $43.2M | ||
| Q4 23 | — | $33.0M |
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 | $-241.5K |
| 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 | $-241.5K | ||
| Q3 25 | $-5.3M | — | ||
| Q2 25 | $-6.1M | — | ||
| Q1 25 | $-2.0M | — | ||
| Q4 24 | — | $10.2M | ||
| Q4 23 | — | $12.1M |
| Q4 25 | $-7.1M | — | ||
| Q3 25 | $-5.4M | — | ||
| Q2 25 | $-6.1M | — | ||
| Q1 25 | $-2.1M | — | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | -252.6% | — | ||
| Q3 25 | -188.8% | — | ||
| Q2 25 | -370.9% | — | ||
| Q1 25 | -72.0% | — | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | — | — | ||
| Q4 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
