Alpha Cognition Inc (ACOG) Key Metrics
ACOG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $178.4M
- Enterprise value
- $144.4M
- P/E (TTM)
- —
- Forward P/E
- 26.9
- PEG ratio
- —
- Price / sales
- 11.7
- Price / book
- 3.6
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 2.23
ACOG key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsACOG valuation Price multiples at each fiscal year-end price.
Price / book+78.5%
1.8
2025 · hover or tap a bar for each year
20182025
Free cash flow yield+0.2 pts
−18.0%
2025 · hover or tap a bar for each year
20182025
ACOG returns How much profit the business earns on the capital it uses.
Return on equity+39.9 pts
−39.8%
2025 · hover or tap a bar for each year
20182025
Return on assets+23.4 pts
−31.7%
2025 · hover or tap a bar for each year
20182025
Asset turnover
0.16
2025 · hover or tap a bar for each year
20182025
ACOG per-share figures Results divided by the shares outstanding at year-end.
Revenue per share
$0.58
2025 · hover or tap a bar for each year
20182025
Earnings per share
−$1.17
2025 · hover or tap a bar for each year
20182025
Free cash flow per share
−$1.17
2025 · hover or tap a bar for each year
20182025
Book value per share−38.2%
$3.54
2025 · hover or tap a bar for each year
20182025
Shares outstanding+143.9%
17.7M
2025 · hover or tap a bar for each year
20182025
ACOG financial health Debt, liquidity and how easily interest is covered.
Net debt−$18.5M
−$66.1M
2025 · hover or tap a bar for each year
20182025
Current ratio−42.3%
8.65
2025 · hover or tap a bar for each year
20182025
ACOG efficiency & capital use Working capital cycle and where the cash goes.
Days of inventory−835 days
547 days
2025 · hover or tap a bar for each year
20182025
Days payables outstanding−2,654 days
375 days
2025 · hover or tap a bar for each year
20182025
ACOG valuation history
Fiscal year-endToday8-year median
ACOG returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ACOG debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ACOG price vs earnings per share
Share price at year-endEPS (right axis)
ACOG key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $114.9M | $42.7M | — | — | — | — | — | — |
| Enterprise value | $48.8M | −$4.9M | — | — | — | — | — | — |
| Price / sales | 11.2 | — | — | — | — | — | — | — |
| Price / book | 1.8 | 1.0 | — | — | — | — | — | — |
| EV / sales | 4.8 | — | — | — | — | — | — | — |
| Earnings yield | −18.0% | −34.3% | — | — | — | — | — | — |
| Free cash flow yield | −18.0% | −18.2% | — | — | — | — | — | — |
| Share price at fiscal year-end | $6.50 | $5.89 | — | — | — | — | — | — |
| Per share | ||||||||
| Revenue per share | $0.58 | $0.00 | — | — | — | — | — | — |
| Earnings per share | −$1.17 | −$2.02 | — | — | — | — | — | — |
| Operating cash flow per share | −$1.15 | −$1.07 | — | — | — | — | — | — |
| Free cash flow per share | −$1.17 | −$1.07 | — | — | — | — | — | — |
| Cash per share | $3.74 | $6.70 | — | — | — | — | — | — |
| Book value per share | $3.54 | $5.72 | — | — | — | — | — | — |
| Tangible book value per share | $3.49 | $5.66 | — | — | — | — | — | — |
| Capex per share | $0.02 | $0.00 | — | — | — | — | — | — |
| Debt per share | — | $0.13 | — | — | — | — | — | — |
| Shares outstanding | 17.7M | 7.2M | — | — | — | — | — | — |
| Change in shares outstanding | +143.9% | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | −39.8% | −79.7% | — | — | −432.1% | — | — | — |
| Return on assets (ROA) | −31.7% | −55.0% | −429.2% | −159.7% | −183.2% | −68.6% | — | — |
| Return on tangible assets | −26.2% | −29.1% | −717.3% | −518.5% | −160.4% | −75.1% | — | — |
| Free cash flow margin | −202.3% | — | — | — | — | — | — | — |
| Financial health | ||||||||
| Total debt | — | $911,463 | $1.2M | $1.6M | $1.4M | $4.1M | — | — |
| Cash & short-term investments | $66.1M | $48.5M | $1.5M | $2.8M | $14.4M | $7.6M | — | — |
| Net debt | −$66.1M | −$47.6M | −$274,201 | −$1.2M | −$13.0M | −$3.5M | — | — |
| Debt / equity | — | 0.02 | — | — | 0.12 | 200.84 | — | — |
| Debt / assets | — | 0.02 | 0.50 | 0.41 | 0.08 | 0.38 | — | — |
| Current ratio | 8.65 | 15.00 | 0.73 | 0.58 | 6.75 | 2.15 | — | — |
| Quick ratio | 8.09 | 14.81 | 0.73 | 0.58 | 6.75 | 2.15 | — | — |
| Interest coverage | — | -63.8 | -142.0 | -77.9 | -21.9 | -7.4 | — | — |
| Working capital | $69.9M | $46.9M | −$706,463 | −$2.3M | $13.2M | $5.3M | — | — |
| Invested capital | −$3.6M | −$6.2M | −$5.0M | −$2.9M | −$1.5M | −$3.4M | — | — |
| Tangible asset value | $61.7M | $41.1M | −$5.2M | −$2.6M | $10.6M | −$910,580 | — | — |
| Net current asset value | $61.8M | $41.0M | −$5.2M | −$2.6M | $10.6M | −$919,311 | — | — |
| Graham net-net per share | $3.09 | $5.49 | — | — | — | — | — | — |
| Capital allocation | ||||||||
| Dividends paid | — | — | $0 | $0 | $0 | $0 | — | — |
| Capex / revenue | 2.9% | — | — | — | — | — | — | — |
| Capex / depreciation | 5.01 | 0.33 | 0.00 | 0.05 | 0.71 | 0.11 | — | — |
| Stock-based compensation / revenue | 48.2% | — | — | — | — | — | — | — |
| R&D / revenue | 18.3% | — | — | — | — | — | — | — |
| SG&A / revenue | 284.5% | — | — | — | — | — | — | — |
| Efficiency | ||||||||
| Days sales outstanding | 80.2 | — | — | — | — | — | — | — |
| Days of inventory on hand | 546.8 | 1,382.2 | — | — | — | — | — | — |
| Days payables outstanding | 375.4 | 3,029.4 | — | — | — | — | — | — |
| Cash conversion cycle (days) | 251.5 | — | — | — | — | — | — | — |
| Receivables turnover | 4.55 | 0.00 | 0.00 | — | — | 0.00 | — | — |
| Payables turnover | 0.97 | 0.12 | — | — | — | — | — | — |
| Inventory turnover | 0.67 | 0.26 | — | — | — | — | — | — |
| Asset turnover | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
| Average receivables | $2.2M | $155,488 | $57,549 | — | — | $1.8M | — | — |
| Average payables | $2.0M | $674,114 | $1.6M | $1.6M | $307,524 | $35,167 | — | — |
| Average inventory | $2.9M | $307,566 | $0 | — | — | — | — | — |
| Intangibles / total assets | 1.0% | 0.8% | 21.7% | 20.8% | 5.4% | 8.6% | — | — |
Computed from ACOG's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ACOG valuation and financial ratios
Alpha Cognition earned a return on equity of −39.8% in fiscal 2025.
See the ACOG income statement, the ACOG chart for price history, or the ACOG stock overview for the latest quote and news.
ACOG key metrics FAQ
What is Alpha Cognition's return on equity?
Alpha Cognition's return on equity (ROE) was −39.8% in fiscal 2025: net income of -$20.7 million on average shareholders' equity of $52.0 million.
What is Alpha Cognition's free cash flow yield?
Alpha Cognition generated -$20.7 million of free cash flow in fiscal 2025, a free cash flow yield of −18.0% on its market value at year-end ($114.9 million).
What is Alpha Cognition's current ratio?
Alpha Cognition's current ratio was 8.65 at the end of fiscal 2025: current assets were 8.65 times current liabilities.