BullFrog AI Holdings (BFRG) Operating Expenses (2022 - 2025)
BullFrog AI Holdings' (BFRG) quarterly Operating Expenses came in at $1.5 million in Q4 2025, down 15.27% YoY 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) Operating Expenses (2022 - 2025) Analysis & Trends
BullFrog AI Holdings (BFRG) has 4 years of Operating Expenses data on file, last reported at $1.5 million in 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 declined to $1.5 million in Q4 2025, from $1.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.1 million in Q1 2025 to a low of $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 slipped 15.27%.
- Tracing BFRG's Operating Expenses over 4 years: 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | BullFrog AI Holdings | 6.51 Mn | 4.22 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 |