BullFrog AI Holdings (BFRG) Operating Expenses (2022 - 2025)
BullFrog AI Holdings (BFRG) posted Operating Expenses of $1.5 million for Q4 2025, down 5.45% on a QoQ basis from $1.6 million in Q3 2025, and down 15.27% year-over-year from $1.8 million in Q4 2024.
BullFrog AI Holdings (BFRG) Operating Expenses (2022 - 2025) Analysis & Trends
BullFrog AI Holdings' Operating Expenses history runs 4 years deep, the most recent figure standing at $1.5 million for Q4 2025.
- Quarterly Operating Expenses fell 15.27% year-over-year to $1.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $6.6 million (down 8.57% YoY) and the FY2025 annual result came in at $6.6 million, down 8.57% from the prior year.
- Operating Expenses was $1.5 million for Q4 2025 at BullFrog AI Holdings, down from $1.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $2.1 million in Q1 2025 and bottomed at $550251.0 in Q1 2022.
- A 4-year average of $1.4 million and a median of $1.5 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses surged 125.54% — and 2025, when it fell 15.27%.
- BullFrog AI Holdings' Operating Expenses stood at $592243.0 in 2022, then soared by 125.54% to $1.3 million in 2023, then surged by 32.42% to $1.8 million in 2024, then decreased by 15.27% to $1.5 million in 2025.
- Business Quant data shows BFRG's Operating Expenses at $1.5 million in Q4 2025, $1.6 million in Q3 2025, and $1.5 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.78 Bn | 24.46 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 14.61 Bn | 13.71 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 8.33 Bn | 8.06 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 5.94 Bn | 5.63 Bn | 154.23 Mn | 122.16 Mn |
| 5 | 10x Genomics | 5.84 Bn | 5.30 Bn | 106.18 Mn | 123.22 Mn |
| 6 | MiniMed | 4.52 Bn | 4.22 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.46 Bn | 4.40 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.94 Bn | 3.19 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.15 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | BullFrog AI Holdings | 6.15 Mn | 3.87 Mn | - | 1.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.50 Mn |
| Sep 30, 2025 | 1.59 Mn |
| Jun 30, 2025 | 1.48 Mn |
| Mar 31, 2025 | 2.06 Mn |
| Dec 31, 2024 | 1.77 Mn |
| Sep 30, 2024 | 1.82 Mn |
| Jun 30, 2024 | 1.68 Mn |
| Mar 31, 2024 | 1.97 Mn |
| Dec 31, 2023 | 1.34 Mn |
| Sep 30, 2023 | 1.36 Mn |
| Jun 30, 2023 | 1.54 Mn |
| Mar 31, 2023 | 1.19 Mn |
| Dec 31, 2022 | 592,243.00 |
| Sep 30, 2022 | 640,552.00 |
| Jun 30, 2022 | 681,955.00 |
| Mar 31, 2022 | 550,251.00 |