BullFrog AI Holdings (BFRGW) Research & Development (2022 - 2025)
BullFrog AI Holdings posted quarterly Research & Development of $397189.0 for Q4 2025, down 32.78% year-on-year from $590856.0 in Q4 2024, and up 14.8% on a QoQ basis from $345992.0 in Q3 2025.
BullFrog AI Holdings (BFRGW) has 4 years of Research & Development data on file, last reported 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.
- Across five years, Research & Development topped out at $590856.0 in Q4 2024 and bottomed at $39421.0 in Q3 2022.
- The 4-year median for Research & Development is $388602.0 (2023), against an average of $379055.4.
- The widest annual swing landed in 2023, when Research & Development jumped 863.99%; it then tumbled 38.93% in 2025.
- A 4-year view of Research & Development shows it stood at $160895.0 in 2022, then jumped by 154.2% to $408995.0 in 2023, then soared by 44.47% to $590856.0 in 2024, then slumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 198.79 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 67.77 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 30.34 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 39.11 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 18.37 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 56.85 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.95 Bn | 1.78 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 |