Alpha Cognition Inc. (ACOG) stock

ACOGNasdaqBiological Products, (No Diagnostic Substances)Fiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 12, 2026Score 6/3066% above fair value

$8.30−0.26 (-3.04%)

Close on Nov 13, 2026Market cap $180.76MP/E –Yield –

Alpha Cognition statistics

75 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: No dividends
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $180.76M; $272.32M
Enterprise Value: $142.95M; $146.23M
PS Ratio: 8.95; 3.66
PB Ratio: 3.66; 2.00
P/TBV Ratio: 4.19; 2.22

Enterprise valuationIndustry

EV / Sales: 7.08; 2.57

Share statisticsIndustry

Shares Outstanding: 22M; 58M
Shares Change (YoY): 46.7%; 10.8%
Shares Change (QoQ): 0.97%; 0.50%
Float: 21M; 49M
Shares Held by Insiders: 5.27%; 11.7%
Shares Held by Institutions: 48.7%; 56.4%

Short sellingIndustry

Short Interest: 412,162; –
Short Interest Change: 16.9%; -0.80%
Short % of Float: 2.00%; 9.01%
Short % of Shares Outstanding: 1.89%; 6.30%
Days to Cover: 4.01; 5.15

Stock price statisticsIndustry

52-Week High: $10.14; –
52-Week Low: $4.50; –
20-Day Moving Average: $8.56; –
50-Day Moving Average: $8.74; –
200-Day Moving Average: $7.29; –
Average True Range (14): $0.51; –
Price Change (1 Week): 0.12%; -1.15%
Price Change (1 Month): -1.78%; -4.87%
Price Change (3 Months): -6.11%; -21.0%
Price Change (6 Months): 37.9%; -20.6%
Price Change (YTD): 27.7%; -23.6%
Price Change (1 Year): 35.6%; -22.4%
Price Change (3 Years): 39.7%; -29.5%
Price Change (5 Years): -64.3%; -77.9%
Average Volume (10 Days): 107,465; –
Average Volume (20 Days): 107,114; –
Average Volume (90 Days): 119,491; –
Relative Volume: 0.73; 0.70
Relative Strength Index (14): 44.7; 43.4
Volatility (1 Year): 62.9%; 80.1%
Beta (5 Years): 0.34; 1.07

MarginsIndustry

Gross Margin: 92.9%; 53.1%
Operating Margin: -146.9%; -38.7%
Profit Margin: -144.6%; -31.6%
EBITDA Margin: -145.5%; -27.7%
FCF Margin: -152.7%; -9.56%

Returns on capitalIndustry

Return on Equity (ROE): -72.9%; -49.9%
Return on Assets (ROA): -53.0%; -40.6%
Return on Invested Capital (ROIC): -684.0%; -32.9%
Return on Capital Employed (ROCE): -53.0%; -37.9%

Financial positionIndustry

Current Ratio: 7.13; 3.30
Quick Ratio: 5.57; 2.39

EfficiencyIndustry

Asset Turnover: 0.37; 0.40
Inventory Turnover: 0.26; 2.73
Revenue Per Employee: $280.51K; $429.29K
Profits Per Employee: -$405.62K; -$689.41K
Employee Count: 72; 74
WACC: 7.60%; 10.2%

Income statement (TTM)Industry

Revenue: $20.20M; $66.37M
Gross Profit: $18.77M; $120.78M
Operating Income: -$29.67M; -$21.37M
Net Income: -$29.20M; -$22.35M
EBITDA: -$29.39M; -$17.21M

Balance sheetIndustry

Cash & Short-Term Investments: $37.80M; $68.68M
Net Cash (Debt): $37.80M; $17.76M
Net Cash Per Share: $1.74; $0.80
Equity (Book Value): $49.32M; $53.89M
Book Value Per Share: $2.26; $1.50
Tangible Book Value: $43.19M; $27.13M
Working Capital: $49.31M; $79.99M

Cash flow (TTM)Industry

Operating Cash Flow: -$30.41M; -$12.38M
Capital Expenditures: -$429.51K; -$1.00M
Free Cash Flow: -$30.84M; -$18.21M
FCF Per Share: -$1.42; -$0.42

Dividends and yieldsIndustry

Earnings Yield: -16.2%; -21.8%
FCF Yield: -17.1%; -9.44%

Scores and fair valueIndustry

Altman Z-Score: 4.50; 0.23
Piotroski F-Score: 3; 4

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	ACOG	S&P 500	Difference	ACOG per year	S&P 500 per year
1 month	-5.7%	-3.0%	−2.6 pts
3 months	-3.8%	-2.8%	−1.0 pts
Year to date	+27.7%	+11.5%	+16.2 pts
1 year	+35.4%	+13.5%	+21.9 pts
3 years	+18.6%	+77.7%	−59.1 pts	+5.8%	+21.1%
5 years	-64.3%	+72.6%	−136.9 pts	-18.6%	+11.5%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

0M ACOG shares were sold short on Oct 30, 2026, up 16.9% from the previous report, or 2.00% of the shares available to trade. At recent volumes it would take 4.0 days to buy them back. Over the last 20 sessions, 41.2% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	412,162	+16.9%	102,688	4.0
Oct 15, 2026	352,521	+9.0%	92,937	3.8
Sep 30, 2026	323,405	+54.6%	115,854	2.8
Sep 15, 2026	209,226	-1.0%	94,348	2.2
Aug 31, 2026	211,277	+3.6%	219,873	1.0
Aug 14, 2026	203,932	+10.5%	86,742	2.4
Jul 31, 2026	184,591	-14.4%	125,528	1.5
Jul 15, 2026	215,576	+66.0%	61,183	3.5
Jun 30, 2026	129,902	-25.5%	51,145	2.5
Jun 15, 2026	174,466	-1.5%	29,571	5.9
May 29, 2026	177,089	-6.2%	39,701	4.5
May 15, 2026	188,758	+5.1%	33,292	5.7

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

Where these numbers come from

Parsed from the XBRL in Alpha Cognition's annual and quarterly filings with the SEC
Per-share figures adjusted for the 1-for-25 reverse split on Nov 14, 2024
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Against peers

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is ACOG.

Compare: ACOG vs LENZ · ACOG vs VYGR · ACOG vs XFOR · ACOG vs SCLX · ACOG vs LCTX

Gross margin92.9% · median 114.9%

Operating margin-146.9% · median -631.7%

Net margin-144.6% · median -586.7%

Company	Revenue	Growth
SCLX	$31.61M	-28.5%
VYGR	$25.11M	-19.8%
LENZ	$21.48M	+329.5%
ACOG	$20.20M	–
LCTX	$10.84M	+0.2%
XFOR	$9.90M	+73.7%

Company

Exchange: Nasdaq
Industry: Biological Products, (No Diagnostic Substances)
Fiscal year ends: December 31
Employees: 72
Held by institutions: 48.7%
Auditor: CBIZ CPAs P.C.
SEC CIK: 1655923

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