BullFrog AI Holdings (BFRGW) Operating Expenses (2022 - 2025)
BullFrog AI Holdings (BFRGW) 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 (BFRGW) 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 | - | - | - | 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 |