Alpha Cognition Inc. cash flow statement

In fiscal 2025, Alpha Cognition Inc.'s operations generated −$20.4m of cash; it spent $293,489 on capital projects, leaving free cash flow of −$20.7m.

Cash flow statement

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

Alpha Cognition Inc.: cash flow statement, annual
Fiscal year	2025Dec 2025	LTMJun 2026
Cash from operations	−20	−31
Depreciation and amortisation	0	0
Stock-based pay	5	5
Capital spending	0	0
Free cash flow	−21	−31
Free cash flow after stock pay	−26	−36

US$ millions unless shown otherwise. Fiscal quarters.

Alpha Cognition Inc.: cash flow statement, quarterly
Quarter	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	−2	−6	−5	−7	−12	−7
Depreciation and amortisation	0	0	0	0	0	0
Stock-based pay	1	1	1	1	1	1
Capital spending	0	0	0	0	0	0
Free cash flow	−2	−6	−5	−7	−12	−7
Free cash flow after stock pay	−3	−8	−7	−8	−13	−8

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.