Alpha Cognition vs Alector
Alector is the larger business, with $21.0m of revenue in fiscal 2025 against $10.2m for Alpha Cognition (2.1 times as much). Alpha Cognition kept more of each dollar of sales as profit: a net margin of -202.2% against -679.2%. Alpha Cognition carries less debt relative to equity (0.0% against 33.8%).
| Latest fiscal year | Alpha CognitionACOG, 2025 | AlectorALEC, 2025 |
|---|---|---|
| Revenue | $10.2m | $21.0m |
| Revenue growth | — | -79.1% |
| Net income | −$20.7m | −$143m |
| Operating margin | -221.7% | -741.3% |
| Net margin | -202.2% | -679.2% |
| Return on equity | -33.1% | -181.6% |
| Free cash flow | −$20.7m | −$184m |
| Cash | $66.0m | $65.8m |
| Total debt | $0 | $10.4m |
| Debt to equity | 0.0% | 33.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 71 | 103 |
| Market value | $179m | $229m |
| Price vs our value range | — | — |
| Moat score | — | 9 (Weak) |
| Insider trades, 12 months | 60 buys, 0 sales | 0 buys, 21 sales |