Alpha Cognition Q1 Revenue Reaches $3.534M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Reports Q1 revenue $3.534M vs $2.929M last year. "The first quarter of 2026 marked our fourth full quarter of commercial operations for ZUNVEYL, the first new oral Alzheimer's treatment approved in more than 15 years. We delivered 40% sequential revenue growth from Q4 to Q1, supported by clear quarter-over-quarter acceleration in prescriber adoption. March was our strongest demand month since launch, with approximately 75% of active prescribers generating repeat prescriptions and consistent utilization across both prescribers and facilities. These trends demonstrate not only expanding adoption but increasing depth of use across our commercial base," said Michael McFadden, Chief Executive Officer of Alpha Cognition.
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Analyst Views on ACOG
Wall Street analysts forecast ACOG stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 5.940
Low
18.00
Averages
18.00
High
18.00
Current: 5.940
Low
18.00
Averages
18.00
High
18.00
About ACOG
Alpha Cognition Inc. is a commercial stage, biopharmaceutical company dedicated to developing treatments for patients suffering from neurodegenerative diseases, such as Alzheimer’s disease and Cognitive Impairment with mild Traumatic Brain Injury (mTBI). The Company's ZUNVEYL (benzgalantamine) product is a delayed release oral tablet formulation indicated for the treatment of mild to moderate dementia of the Alzheimer’s type in adults. Its pre-clinical development programs include ZUNVEYL in combination with memantine for the treatment of moderate-to-severe Alzheimer’s disease; ALPHA-1062 sublingual formulation; ALPHA-1062 intranasal formulation for the treatment of cognitive impairment with mTBI; ALPHA-0602; ALPHA-0702 & ALPHA-0802 (Progranulin and Progranulin GEM’s) for the treatment of neurodegenerative diseases including amyotrophic lateral sclerosis or Lou Gehrig’s disease and spinal muscular atrophy, and ALPHA-1062 for the treatment of acute pancreatitis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Alpha Cognition Q1 Earnings Beat Expectations
- Earnings Beat Expectations: Alpha Cognition reported a Q1 GAAP EPS of -$0.32, exceeding market expectations by $0.08, indicating improvements in cost management despite still being in a loss position.
- Revenue Misses Slightly: The reported revenue of $3.54M fell short of the anticipated $3.63M, reflecting challenges in sales growth that could impact investor confidence moving forward.
- Market Reaction Analysis: While the earnings beat may provide some positive sentiment, the revenue miss could lead to short-term stock price volatility, prompting investors to closely monitor the company's strategic adjustments and market performance.
- Future Outlook: The company needs to enhance its sales strategies to boost revenue and ensure sustained growth in a competitive market, particularly focusing on new product launches and market expansion.
See More
Alpha Cognition to Host Q1 2026 Earnings Call on May 14
- Earnings Release Schedule: Alpha Cognition Inc. will report its Q1 2026 financial results and provide a business update on May 14, 2026, at 4:30 PM ET, which is expected to significantly impact investor sentiment.
- Conference Call Details: Following the earnings release, the company will host a conference call for detailed discussions on financial and operational results, with participants able to join via 1-877-407-9039 or 1-201-689-8470, enhancing transparency and investor engagement.
- New Drug Development Progress: Alpha Cognition is developing ZUNVEYL®, a next-generation treatment for Alzheimer's disease, which is anticipated to fill a market gap with minimal gastrointestinal side effects and a unique mechanism of action, presenting substantial commercial potential.
- Forward-Looking Statements: The news release includes forward-looking statements that highlight potential market risks and uncertainties, urging investors to consider various factors that may affect the company's future performance.
See More
Alpha Cognition Appoints New Board Member
- New Board Appointment: Alpha Cognition has appointed Bethany Sensenig to its Board of Directors, effective April 15, 2026, bringing decades of leadership experience in the pharmaceutical and biotechnology sectors, which is expected to significantly aid the company's commercial launch of ZUNVEYL and the development of its sublingual program.
- Financial and Strategic Expertise: Sensenig previously served as CFO at Radius Health, where she played a crucial role in driving growth and financial performance, and her extensive experience is anticipated to enhance Alpha Cognition's operational efficiency and financial health in the competitive biopharmaceutical market.
- Board Transition: Len Mertz has informed the company that he will not seek re-election to the Board, and as a founding member, he provided valuable leadership in advancing the company to public markets and progressing its pipeline, with management expressing gratitude for his contributions.
- Future Outlook: Alpha Cognition is dedicated to developing treatments for neurodegenerative diseases, with ZUNVEYL being a novel drug for Alzheimer's disease, expected to carve out a niche in the market due to its unique mechanism of action and minimal side effects.
See More
Alpha Cognition Grants Stock Options to New Employee
- Stock Option Grant: On April 14, 2026, Alpha Cognition granted 20,000 nonstatutory stock options to a new non-executive employee, aimed at attracting talent in accordance with Nasdaq Listing Rule 5635(c)(4).
- Exercise Price Setting: Each stock option has an exercise price of $6.49 per share, based on the closing price on April 14, 2025, which helps incentivize employees to grow alongside the company.
- Vesting Arrangement: The stock options will vest over three years, with 25% vesting after one year and the remainder vesting monthly, ensuring long-term employee commitment and contribution.
- Company Background: Alpha Cognition focuses on developing treatments for Alzheimer's disease and mild traumatic brain injury, with ZUNVEYL as a new generation drug expected to have minimal gastrointestinal side effects, showcasing the company's innovative potential in neurodegenerative diseases.
See More
Alpha Cognition Secures New Patent for TBI Treatment
- Patent Issuance: The U.S. Patent and Trademark Office granted Alpha Cognition U.S. Patent No. 12,589,099 on March 31, 2026, covering methods for treating traumatic brain injury (TBI) with ALPHA-1062, which strengthens the company's intellectual property portfolio and is expected to enhance its market competitiveness.
- Significant Market Potential: The total addressable market for traumatic brain injury is estimated at $14 billion, with no approved therapies currently available, providing Alpha Cognition with a compelling first-mover advantage to address this significant unmet medical need.
- Strategic Expansion: CEO Michael McFadden noted that this patent marks an important milestone in expanding the company's platform beyond Alzheimer's disease, underscoring the innovation behind ALPHA-1062 while reinforcing the long-term value of ZUNVEYL.
- Investor Confidence: By advancing ALPHA-1062 into the TBI space, Alpha Cognition aims to address a large underserved patient population while enhancing the commercial potential of its pipeline, reflecting the company's commitment to delivering sustained shareholder value.
See More
Alpha Cognition Reports Wider Losses and Revenue Miss
- Disappointing Earnings: Alpha Cognition reported a fiscal year GAAP EPS of -$1.17, missing estimates by $0.06, indicating ongoing challenges in profitability that may affect investor confidence.
- Significant Revenue Decline: The company generated $6.79 million in revenue, falling short of expectations by $3.89 million, reflecting unmet market demand during its transition to commercial stage, potentially leading to slowed future growth.
- Reduced R&D Spending: Research and development expenses decreased to $1.9 million from $3.9 million in fiscal year 2024, indicating a shift in resource allocation towards commercialization, which may impact long-term innovation capabilities.
- Improved Cash Position: As of December 31, 2025, the company reported cash reserves of $66.0 million, up from $48.5 million in 2024, bolstered by $40 million in net proceeds from a capital raise completed in October 2025, providing an estimated two-year runway for operations.
See More
Alpha Cognition Q1 Earnings Beat Expectations
- Earnings Beat Expectations: Alpha Cognition reported a Q1 GAAP EPS of -$0.32, exceeding market expectations by $0.08, indicating improvements in cost management despite still being in a loss position.
- Revenue Misses Slightly: The reported revenue of $3.54M fell short of the anticipated $3.63M, reflecting challenges in sales growth that could impact investor confidence moving forward.
- Market Reaction Analysis: While the earnings beat may provide some positive sentiment, the revenue miss could lead to short-term stock price volatility, prompting investors to closely monitor the company's strategic adjustments and market performance.
- Future Outlook: The company needs to enhance its sales strategies to boost revenue and ensure sustained growth in a competitive market, particularly focusing on new product launches and market expansion.
See More
Alpha Cognition to Host Q1 2026 Earnings Call on May 14
- Earnings Release Schedule: Alpha Cognition Inc. will report its Q1 2026 financial results and provide a business update on May 14, 2026, at 4:30 PM ET, which is expected to significantly impact investor sentiment.
- Conference Call Details: Following the earnings release, the company will host a conference call for detailed discussions on financial and operational results, with participants able to join via 1-877-407-9039 or 1-201-689-8470, enhancing transparency and investor engagement.
- New Drug Development Progress: Alpha Cognition is developing ZUNVEYL®, a next-generation treatment for Alzheimer's disease, which is anticipated to fill a market gap with minimal gastrointestinal side effects and a unique mechanism of action, presenting substantial commercial potential.
- Forward-Looking Statements: The news release includes forward-looking statements that highlight potential market risks and uncertainties, urging investors to consider various factors that may affect the company's future performance.
See More
Alpha Cognition Appoints New Board Member
- New Board Appointment: Alpha Cognition has appointed Bethany Sensenig to its Board of Directors, effective April 15, 2026, bringing decades of leadership experience in the pharmaceutical and biotechnology sectors, which is expected to significantly aid the company's commercial launch of ZUNVEYL and the development of its sublingual program.
- Financial and Strategic Expertise: Sensenig previously served as CFO at Radius Health, where she played a crucial role in driving growth and financial performance, and her extensive experience is anticipated to enhance Alpha Cognition's operational efficiency and financial health in the competitive biopharmaceutical market.
- Board Transition: Len Mertz has informed the company that he will not seek re-election to the Board, and as a founding member, he provided valuable leadership in advancing the company to public markets and progressing its pipeline, with management expressing gratitude for his contributions.
- Future Outlook: Alpha Cognition is dedicated to developing treatments for neurodegenerative diseases, with ZUNVEYL being a novel drug for Alzheimer's disease, expected to carve out a niche in the market due to its unique mechanism of action and minimal side effects.
See More
Alpha Cognition Grants Stock Options to New Employee
- Stock Option Grant: On April 14, 2026, Alpha Cognition granted 20,000 nonstatutory stock options to a new non-executive employee, aimed at attracting talent in accordance with Nasdaq Listing Rule 5635(c)(4).
- Exercise Price Setting: Each stock option has an exercise price of $6.49 per share, based on the closing price on April 14, 2025, which helps incentivize employees to grow alongside the company.
- Vesting Arrangement: The stock options will vest over three years, with 25% vesting after one year and the remainder vesting monthly, ensuring long-term employee commitment and contribution.
- Company Background: Alpha Cognition focuses on developing treatments for Alzheimer's disease and mild traumatic brain injury, with ZUNVEYL as a new generation drug expected to have minimal gastrointestinal side effects, showcasing the company's innovative potential in neurodegenerative diseases.
See More
Alpha Cognition Secures New Patent for TBI Treatment
- Patent Issuance: The U.S. Patent and Trademark Office granted Alpha Cognition U.S. Patent No. 12,589,099 on March 31, 2026, covering methods for treating traumatic brain injury (TBI) with ALPHA-1062, which strengthens the company's intellectual property portfolio and is expected to enhance its market competitiveness.
- Significant Market Potential: The total addressable market for traumatic brain injury is estimated at $14 billion, with no approved therapies currently available, providing Alpha Cognition with a compelling first-mover advantage to address this significant unmet medical need.
- Strategic Expansion: CEO Michael McFadden noted that this patent marks an important milestone in expanding the company's platform beyond Alzheimer's disease, underscoring the innovation behind ALPHA-1062 while reinforcing the long-term value of ZUNVEYL.
- Investor Confidence: By advancing ALPHA-1062 into the TBI space, Alpha Cognition aims to address a large underserved patient population while enhancing the commercial potential of its pipeline, reflecting the company's commitment to delivering sustained shareholder value.
See More
Alpha Cognition Reports Wider Losses and Revenue Miss
- Disappointing Earnings: Alpha Cognition reported a fiscal year GAAP EPS of -$1.17, missing estimates by $0.06, indicating ongoing challenges in profitability that may affect investor confidence.
- Significant Revenue Decline: The company generated $6.79 million in revenue, falling short of expectations by $3.89 million, reflecting unmet market demand during its transition to commercial stage, potentially leading to slowed future growth.
- Reduced R&D Spending: Research and development expenses decreased to $1.9 million from $3.9 million in fiscal year 2024, indicating a shift in resource allocation towards commercialization, which may impact long-term innovation capabilities.
- Improved Cash Position: As of December 31, 2025, the company reported cash reserves of $66.0 million, up from $48.5 million in 2024, bolstered by $40 million in net proceeds from a capital raise completed in October 2025, providing an estimated two-year runway for operations.
See More
