Alpha Cognition Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	66.05	48.55	1.4	2.08	11.3
Cash & Short-Term Investments	66.05	48.55	1.4	2.08	11.3
Cash Growth	36.05%	3357.31%	-32.61%	-81.56%	90.70%
Accounts Receivable	4.24	-	-	-	-
Other Receivables	-	0.25	0.1	0.03	-
Receivables	4.24	0.25	0.16	0.03	-
Inventory	5.12	0.62	-	-	-
Prepaid Expenses	3.55	0.82	0.27	0.22	0.87
Restricted Cash	0.06	0.02	0.09	-	-
Total Current Assets	79.01	50.25	1.92	2.33	12.17
Property, Plant & Equipment	0.33	0.03	0	0	0.01
Other Intangible Assets	0.39	0.41	0.53	0.61	0.7
Other Long-Term Assets	-	0.05	-	-	-
Total Assets	79.73	50.74	2.45	2.95	12.88
Accounts Payable	8.98	0.87	0.48	2.02	0.45
Accrued Expenses	-	1.57	0.92	0.83	0.27
Current Portion of Long-Term Debt	-	0.91	1.21	1.21	1.08
Current Unearned Revenue	0.15	-	0.01	-	-
Total Current Liabilities	9.13	3.35	2.62	4.06	1.8
Long-Term Unearned Revenue	0.04	-	-	-	-
Other Long-Term Liabilities	8.03	5.92	4.54	0.21	2.05
Total Liabilities	17.2	9.27	7.16	4.27	3.85
Common Stock	133.89	99.13	39.76	31.06	40.01
Additional Paid-In Capital	25.85	18.72	17.29	15.59	-
Retained Earnings	-97.11	-76.29	-61.65	-47.88	-38.03
Comprehensive Income & Other	-0.1	-0.1	-0.1	-0.08	7.05
Total Common Equity	62.53	41.46	-4.7	-1.32	9.03
Shareholders' Equity	62.53	41.46	-4.7	-1.32	9.03
Total Liabilities & Equity	79.73	50.74	2.45	2.95	12.88
Total Debt	-	0.91	1.21	1.21	1.08
Net Cash (Debt)	66.05	47.63	0.19	0.87	10.23
Net Cash Growth	38.65%	24620.03%	-77.91%	-91.47%	277.15%
Net Cash Per Share	3.74	6.57	0.05	0.32	4.79
Filing Date Shares Outstanding	21.74	16.02	6.03	2.44	2.44
Total Common Shares Outstanding	21.74	16.02	4.73	2.44	2.42
Working Capital	69.88	46.9	-0.7	-1.72	10.37
Book Value Per Share	2.88	2.59	-0.99	-0.54	3.72
Tangible Book Value	62.14	41.05	-5.24	-1.93	8.33
Tangible Book Value Per Share	2.86	2.56	-1.11	-0.79	3.44
Machinery	-	0.02	0.01	0.01	-
Construction In Progress	-	0.02	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q