Growth Metrics

BullFrog AI Holdings (BFRG) Operating Expenses (2022 - 2025)

BullFrog AI Holdings posted quarterly Operating Expenses of $1.5 million for Q4 2025, down 15.27% year-on-year from $1.8 million in Q4 2024, and down 5.45% on a QoQ basis from $1.6 million in Q3 2025.

BullFrog AI Holdings (BFRG) has 4 years of Operating Expenses data on file, last reported at $1.5 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 15.27% year-over-year to $1.5 million; the trailing twelve-month figure through Dec 2025 stood at $6.6 million (down 8.57% YoY), and the FY2025 full-year result was $6.6 million, down 8.57% from the prior year.
  • Operating Expenses for Q4 2025 stood at $1.5 million, 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.
  • The 4-year median for Operating Expenses is $1.5 million (2025), against an average of $1.4 million.
  • The widest annual swing landed in 2023, when Operating Expenses surged 125.54%; it then slipped 15.27% in 2025.
  • A 4-year view of Operating Expenses shows it stood at $592243.0 in 2022, then surged by 125.54% to $1.3 million in 2023, then jumped by 32.42% to $1.8 million in 2024, then retreated by 15.27% to $1.5 million in 2025.
  • The last three Operating Expenses figures came in at $1.5 million (Q4 2025), $1.6 million (Q3 2025), and $1.5 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 376.60 Mn
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 122.16 Mn
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 101.14 Mn
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 233.41 Mn
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 123.22 Mn
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 596.43 Mn
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 123.51 Mn
10 BullFrog AI Holdings 7.46 Mn 5.18 Mn - 1.50 Mn

Historic Data

Download Data 🔒
DateValue
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