Alpha Cognition Inc. balance sheet

At the end of fiscal 2025, Alpha Cognition Inc. had total assets of $79.7m, total liabilities of $17.2m and shareholders' equity of $62.5m. It held $66.0m in cash against $0 of debt: net cash of $66.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Alpha Cognition Inc.: balance sheet, annual
Fiscal year	2025Dec 2025	LTMJun 2026
Cash and equivalents	66	41
Receivables	4	5
Inventory	5	6
Total current assets	79	58
Total assets	80	65
Accounts payable	3	1
Deferred revenue (current)	0	0
Total current liabilities	9	6
Total debt	0	0
Total liabilities	17	12
Shareholders' equity	63	53
Net debt (negative = net cash)	−66	−41
Shares outstanding	22m	22m

US$ millions unless shown otherwise. Fiscal quarters.

Alpha Cognition Inc.: balance sheet, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	0	2	3	4	4	5
Inventory	1	1	4	5	6	6
Total current assets	48	45	46	79	69	58
Total assets	49	45	46	80	69	65
Accounts payable	1	1	1	3	1	1
Deferred revenue (current)	0	—	—	0	0	0
Total current liabilities	3	3	7	9	5	6
Total liabilities	8	13	12	17	12	12
Shareholders' equity	39	27	34	63	57	53
Non-controlling interests and other (assets − liabilities − equity)	2	5	—	—	—	—
Shares outstanding	16m	16m	16m	22m	22m	22m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Alpha Cognition Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Alpha Cognition Inc.