BullFrog AI Holdings (BFRGW) Research & Development (2022 - 2025)
BullFrog AI Holdings (BFRGW) reported Research & Development of $397189.0 for Q4 2025, down 32.78% on a YoY basis from $590856.0 in Q4 2024, and up 14.8% quarter-over-quarter from $345992.0 in Q3 2025.
BullFrog AI Holdings (BFRGW) Research & Development (2022 - 2025) Analysis & Trends
BullFrog AI Holdings has reported Research & Development for 4 years, with the latest figure at $397189.0 in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 32.78% year-over-year to $397189.0; the trailing twelve-month figure through Dec 2025 stood at $1.8 million (down 19.05% YoY), and the FY2025 full-year result was $1.8 million, down 19.05% from the prior year.
- Research & Development for Q4 2025 stood at $397189.0, up from $345992.0 in the prior quarter.
- The five-year high for Research & Development was $590856.0 in Q4 2024, with the low at $39421.0 in Q3 2022.
- Historically, Research & Development has averaged $379055.4 across 4 years, with a median of $388602.0 in 2023.
- Annual changes were most pronounced in 2023 — Research & Development jumped 863.99% — and 2025, when it sank 38.93%.
- BullFrog AI Holdings' Research & Development 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 67.77 Mn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 30.34 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 56.85 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 39.11 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 18.37 Mn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 21.52 Mn |
| 10 | BullFrog AI Holdings | - | - | - | 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 |