BullFrog AI Holdings (BFRG) Research & Development (2022 - 2025)
BullFrog AI Holdings (BFRG) posted Research & Development of $397189.0 for Q4 2025, up 14.8% on a QoQ basis from $345992.0 in Q3 2025, and down 32.78% year-over-year from $590856.0 in Q4 2024.
BullFrog AI Holdings (BFRG) Research & Development (2022 - 2025) Analysis & Trends
BullFrog AI Holdings' Research & Development history runs 4 years deep, the most recent figure standing at $397189.0 for 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 was $397189.0 for Q4 2025 at BullFrog AI Holdings, up from $345992.0 in the prior quarter.
- Across five years, Research & Development topped out at $590856.0 in Q4 2024 and bottomed at $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 plunged 38.93%.
- BullFrog AI Holdings' Research & Development stood at $160895.0 in 2022, then surged by 154.2% to $408995.0 in 2023, then jumped by 44.47% to $590856.0 in 2024, then sank by 32.78% to $397189.0 in 2025.
- Business Quant data shows BFRG's Research & Development at $397189.0 in Q4 2025, $345992.0 in Q3 2025, and $480297.0 in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 56.85 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 30.34 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 45.83 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 39.11 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 8.13 Mn |
| 10 | BullFrog AI Holdings | 6.85 Mn | 4.57 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 |