BullFrog AI Holdings (BFRG) Research & Development (2022 - 2025)
BullFrog AI Holdings' (BFRG) quarterly Research & Development came in at $397189.0 in Q4 2025, down 32.78% YoY from $590856.0 in Q4 2024, and up 14.8% on a QoQ basis from $345992.0 in Q3 2025.
BullFrog AI Holdings (BFRG) Research & Development (2022 - 2025) Analysis & Trends
BullFrog AI Holdings (BFRG) has 4 years of Research & Development data on file, last reported at $397189.0 in Q4 2025.
- Quarterly Research & Development fell 32.78% year-over-year to $397189.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.8 million (down 19.05% YoY) and the FY2025 annual result came in at $1.8 million, down 19.05% from the prior year.
- Research & Development advanced to $397189.0 in Q4 2025, from $345992.0 in the prior quarter.
- In the past five years, Research & Development ranged from a high of $590856.0 in Q4 2024 to a low of $39421.0 in Q3 2022.
- A 4-year average of $379055.4 and a median of $388602.0 in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2023 — Research & Development jumped 863.99% — and 2025, when it sank 38.93%.
- Tracing BFRG's Research & Development over 4 years: stood at $160895.0 in 2022, then soared by 154.2% to $408995.0 in 2023, then surged by 44.47% to $590856.0 in 2024, then tumbled by 32.78% to $397189.0 in 2025.
- The last three Research & Development figures came in at $397189.0 (Q4 2025), $345992.0 (Q3 2025), and $480297.0 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | - |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 56.79 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 81.41 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 50.38 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 45.05 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 30.58 Mn |
| 10 | BullFrog AI Holdings | 6.51 Mn | 4.22 Mn | - | 397,189.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 397,189.00 |
| Sep 30, 2025 | 345,992.00 |
| Jun 30, 2025 | 480,297.00 |
| Mar 31, 2025 | 576,260.00 |
| Dec 31, 2024 | 590,856.00 |
| Sep 30, 2024 | 566,584.00 |
| Jun 30, 2024 | 513,699.00 |
| Mar 31, 2024 | 552,126.00 |
| Dec 31, 2023 | 408,995.00 |
| Sep 30, 2023 | 380,015.00 |
| Jun 30, 2023 | 273,671.00 |
| Mar 31, 2023 | 369,933.00 |
| Dec 31, 2022 | 160,895.00 |
| Sep 30, 2022 | 39,421.00 |
| Jun 30, 2022 | 92,671.00 |
| Mar 31, 2022 | 316,283.00 |