What is Alpha Cognition's ERC refunds?

Alpha Cognition (ACOG) reported ERC refunds of -$36.63K in Q2 2025.

How has Alpha Cognition's ERC refunds changed year-over-year?

Alpha Cognition's ERC refunds decreased by 193.0% year-over-year, from $39.38K to -$36.63K.

What does ERC refunds mean?

The net impact of government grants, tax credits, or subsidies applied against operating expenses. This metric highlights the extent to which external government support reduces the company's burn rate and offsets research or administrative costs.

Alpha Cognition ACOG ERC refunds

ERC refunds at other companies

Alpha CognitionACOG

-$36.63K-193%

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$5M+105%

Aquestive Therapeutics, Inc.AQST

$1.4M—

Nano Nuclear EnergyNNE

$15K—

Arthur J. GallagherAJG

$42M+7.7%

Seven Hills Realty TrustSEVN

$574K+4.4%

Other financials

Income statement

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Revenue$3.5M+20.7%

Gross profit$3.3M+12.7%

Operating income-$8.1M-138%

Net income-$6.5M-276%

EPS (diluted)-$0.32-191%

Balance sheet

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Cash & equivalents$54.3M+100,638%

Total equity$57.5M+49.2%

Total assets$69.2M+42.5%

Cash flow

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Operating cash flow-$11.8M-477%

CapEx$1.3K-97.9%

Free cash flow-$11.8M-460%

Valuation

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Market cap$157.21M+6.6%

P/S14.5×—

Profitability

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Gross margin89.3%—

Operating margin-250.1%—

Net margin-232.2%—

FCF margin-280.5%—

Returns & leverage

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Return on equity-52.4%-5.3pp

Current ratio12.6×-4.5×

Where this comes from

Reported directly by Alpha Cognition in its filing.

Tagged under the XBRL concept us-gaap:GovernmentAssistanceOperatingExpense.

The official record: Alpha Cognition’s 10-Q, filed August 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alpha Cognition's ERC refunds?: Alpha Cognition (ACOG) reported ERC refunds of -$36.63K in Q2 2025.
How has Alpha Cognition's ERC refunds changed year-over-year?: Alpha Cognition's ERC refunds decreased by 193.0% year-over-year, from $39.38K to -$36.63K.
What does ERC refunds mean?: The net impact of government grants, tax credits, or subsidies applied against operating expenses. This metric highlights the extent to which external government support reduces the company's burn rate and offsets research or administrative costs.