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

BullFrog AI Holdings (BFRG) reported Operating Expenses of $1.5 million for Q4 2025, down 15.27% on a YoY basis from $1.8 million in Q4 2024, and down 5.45% quarter-over-quarter from $1.6 million in Q3 2025.

BullFrog AI Holdings (BFRG) Operating Expenses (2022 - 2025) Analysis & Trends

BullFrog AI Holdings has reported Operating Expenses for 4 years, with the latest figure 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.
  • The five-year high for Operating Expenses was $2.1 million in Q1 2025, with the low at $550251.0 in Q1 2022.
  • Historically, Operating Expenses has averaged $1.4 million across 4 years, with a median of $1.5 million in 2025.
  • Annual changes were most pronounced in 2023 — Operating Expenses surged 125.54% — and 2025, when it slipped 15.27%.
  • BullFrog AI Holdings' Operating Expenses stood at $592243.0 in 2022, then jumped by 125.54% to $1.3 million in 2023, then soared by 32.42% to $1.8 million in 2024, then fell 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 24.83 Bn 17.52 Bn 662.02 Mn 388.91 Mn
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn 122.16 Mn
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn 123.22 Mn
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn 101.14 Mn
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 233.41 Mn
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn 596.43 Mn
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn 123.51 Mn
10 BullFrog AI Holdings 5.16 Mn 2.88 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