BullFrog AI Holdings (BFRGW) 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 (BFRGW) 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 | - | - | - | 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 |