Bullfrog AI Holdings, Inc. Common Stock(BFRG)Earnings, Financials & Key Ratios
BFRG•NASDAQ
$0.71
$7M mkt cap·Price updated May 6, 2026
AboutBullFrog AI Holdings, Inc., through its subsidiaries, operates as a digital biopharmaceutical company that focuses on artificial intelligence and machine learning (AI/ML) driven analysis of data sets in medicine and healthcare in the United States. It offers bfLEAP, an AI/ML platform for the analysis of preclinical and/or clinical data. The company also has licensing agreements with George Washington University for rights to use siRNA targeting Beta2-spectrin in the treatment of human diseases, including hepatocellular carcinoma, obesity, non-alcoholic fatty liver disease, and non-alcoholic steatohepatitis; and Johns Hopkins University for the use of a formulation of Mebendazole for the treatment of human cancer or neoplastic disease. BullFrog AI Holdings, Inc. was founded in 2017 and is based in Gaithersburg, Maryland.Show more
- Revenue$116.67B
- EBITDA-$6594.64B-91153277.1%
- Net Income-$6498.07B-92913768.8%
- EPS (Diluted)-0.63+25.9%
- Gross Margin18.76%
- EBITDA Margin-5652.38%
- Operating Margin-5652.38%
- Net Margin-5569.61%
- ROE-608.34%-228.6%
BFRG Key Insights
Bullfrog AI Holdings, Inc. Common Stock (BFRG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 25.4% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BFRG Price & Volume
Bullfrog AI Holdings, Inc. Common Stock (BFRG) stock price & volume — 10-year historical chart
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BFRG Growth Metrics
Bullfrog AI Holdings, Inc. Common Stock (BFRG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years22580.52%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-2.38%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM19.1%
Return on Capital
10 Years-338.66%
5 Years-338.66%
3 Years-338.66%
Last Year-617.38%
BFRG Peer Comparison
Bullfrog AI Holdings, Inc. Common Stock (BFRG) competitors in Life Sciences and Precision Medicine Software — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RXRX | 1.53B | 3.43 | -2.38 | 26.92% | -8.44% | -54.32% | 0.07 | |
 ABSI | 924.91M | 5.95 | -7.08 | -38.24% | -41.14% | -59.68% | 0.03 | |
 AIXI | 7.9M | 0.75 | -0.47 | 18.84% | -45.89% | |||
 INVA | 1.91B | 22.52 | 6.82 | 18.52% | 118.91% | 46.47% | 0.23 | |
 SDGR | 969.87M | 12.98 | -9.21 | 23.29% | -40.6% | -30.85% | 0.30 | |
 IMVT | 5.83B | 28.67 | -10.50 | -47.07% | 0.00 | |||
 ILMN | 21.66B | 142.58 | 26.16 | -0.78% | 19.43% | 32.84% | 0.94 | |
 CRL | 8.97B | 181.73 | -62.45 | -0.85% | -3.59% | -4.34% | 0.95 |
Compare BFRG vs Peers
Bullfrog AI Holdings, Inc. Common Stock (BFRG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BFRG Income Statement
Bullfrog AI Holdings, Inc. Common Stock (BFRG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 10K | 65K | 0 | 116.67B | 116.67K |
| Revenue Growth % | - | - | - | 550% | -100% | - | - |
| Cost of Goods Sold | 0 | 0 | 800 | 5.2K | 0 | 94.78B | 94.78K |
| COGS % of Revenue | - | - | 8% | 8% | - | 81.24% | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 9.2K▲ 0% | 59.8K▲ 550.0% | 0▼ 100.0% | 21.89B▲ 0% | 21.89K▲ 0% |
| Gross Margin % | - | - | 92% | 92% | - | 18.76% | 18.76% |
| Gross Profit Growth % | - | - | - | 550% | -100% | - | - |
| Operating Expenses | 347.19K | 555.36K | 2.46M | 5.43M | 7.24M | 6.62T | 6.89M |
| OpEx % of Revenue | - | - | 24650% | 8349.73% | - | 5671.15% | - |
| Selling, General & Admin | 347.19K | 530.36K | 1.86M | 3.99M | 5.01M | 4.82T | 4.89M |
| SG&A % of Revenue | - | - | 18557.31% | 6145.71% | - | 4128.56% | - |
| Research & Development | 0 | 25K | 609.27K | 1.43M | 2.22M | 1.8T | 1.99M |
| R&D % of Revenue | - | - | 6092.7% | 2204.02% | - | 1542.59% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -347.19K▲ 0% | -555.36K▼ 60.0% | -2.46M▼ 342.2% | -5.37M▼ 118.6% | -7.24M▼ 34.8% | -6.59T▼ 91131560.7% | -6.86M▲ 0% |
| Operating Margin % | - | - | -24558.01% | -8257.73% | - | -5652.38% | -5883.89% |
| Operating Income Growth % | - | -59.96% | -342.2% | -118.57% | -34.82% | -91131560.67% | - |
| EBITDA | -140.9K | -545.45K | -2.45M | -5.37M | -7.23M | -6.59T | -6.86M |
| EBITDA Margin % | - | - | -24547.56% | -8255.08% | - | -5652.38% | -5882.41% |
| EBITDA Growth % | - | -287.13% | -350.05% | -118.59% | -34.83% | -91153277.1% | -0.9% |
| D&A (Non-Cash Add-back) | 206.3K | 0 | 1.04K | 1.73K | 1.72K | 0 | 1.73K |
| EBIT | -329.92K | -545.45K | -2.46M | -5.28M | -6.98M | 0 | -6.73M |
| Net Interest Income | -11.77K | -40.4K | -346.69K | 104.61K | 242.74K | 0 | 76.07K |
| Interest Income | 0 | 0 | 459 | 183.7K | 260.89K | 102.2B | 83.09K |
| Interest Expense | 11.77K | 40.4K | 347.14K | 79.09K | 18.16K | -5.63B | 7.01K |
| Other Income/Expense | 5.5K | -30.48K | -346.69K | 11.65K | 242.74K | 96.57B | 132.1K |
| Pretax Income | -341.69K▲ 0% | -585.84K▼ 71.5% | -2.8M▼ 378.4% | -5.36M▼ 91.1% | -6.99M▼ 30.6% | -6.5T▼ 92913768.8% | -6.73M▲ 0% |
| Pretax Margin % | - | - | -28024.87% | -8239.8% | - | -5569.61% | -5770.67% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -341.69K▲ 0% | -585.84K▼ 71.5% | -2.8M▼ 378.4% | -5.36M▼ 91.1% | -6.99M▼ 30.6% | -6.5T▼ 92913768.8% | -6.73M▲ 0% |
| Net Margin % | - | - | -28024.87% | -8239.8% | - | -5569.61% | -5770.67% |
| Net Income Growth % | - | -71.45% | -378.37% | -91.11% | -30.58% | -92913768.83% | -2.38% |
| Net Income (Continuing) | -341.69K | -585.84K | -2.8M | -5.36M | -6.99M | -6.5T | -6.73M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.06▲ 0% | -0.10▼ 65.3% | -0.46▼ 360.0% | -0.89▼ 93.5% | -0.85▲ 4.5% | -0.63▲ 25.9% | -0.65▲ 0% |
| EPS Growth % | - | -65.29% | -360% | -93.48% | 4.49% | 25.88% | 19.1% |
| EPS (Basic) | -0.06 | -0.10 | -0.46 | -0.89 | -0.85 | -0.63 | - |
| Diluted Shares Outstanding | 5.65M | 5.65M | 6.09M | 6.05M | 8.25M | 10.34M | 10.38M |
| Basic Shares Outstanding | 5.65M | 5.65M | 6.09M | 6.05M | 8.25M | 10.34M | 10.38M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
BFRG Balance Sheet
Bullfrog AI Holdings, Inc. Common Stock (BFRG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 5.02K | 10.01K | 72.67K | 2.77M | 5.55M | 2.58T | 2.54M |
| Cash & Short-Term Investments | 5.02K | 10.01K | 57.67K | 2.62M | 5.44M | 2.18T | 1.99M |
| Cash Only | 5.02K | 10.01K | 57.67K | 2.62M | 5.44M | 2.18T | 1.99M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 58.34K |
| Days Sales Outstanding | - | - | - | - | - | - | 45.63 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 400.45B | 0 |
| Total Non-Current Assets | 100 | 0 | 7.7K | 5.97K | 4.25K | 224.19B | 166.29K |
| Property, Plant & Equipment | 0 | 0 | 7.7K | 5.97K | 4.25K | 2.52B | 2.96K |
| Fixed Asset Turnover | - | - | 1.30x | 10.88x | - | 46.21x | 32.38x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 100 | 0 | 0 | 0 | 0 | 116.67B | 326.67K |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 105B | 0 |
| Total Assets | 5.02K▲ 0% | 10.01K▲ 99.5% | 80.37K▲ 702.6% | 2.78M▲ 3354.8% | 5.55M▲ 100.0% | 2.81T▲ 50584139.8% | 2.7M▲ 0% |
| Asset Turnover | - | - | 0.12x | 0.02x | - | 0.04x | 0.03x |
| Asset Growth % | - | 99.52% | 702.57% | 3354.8% | 99.95% | 50584139.79% | -40.69% |
| Total Current Liabilities | 545.54K | 1.02M | 3.14M | 184.35K | 588.09K | 672.02B | 758.7K |
| Accounts Payable | 94.45K | 68.59K | 543.99K | 103.66K | 435.93K | 168.15B | 168.21K |
| Days Payables Outstanding | - | - | 248.2K | 7.28K | - | 647.57 | 959.38 |
| Short-Term Debt | 209.92K | 586.3K | 1.58M | 0 | 0 | 0 | 55.61K |
| Deferred Revenue (Current) | 0 | 10K | 32K | 0 | 0 | 0 | 25.08K |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 672.02B | 534.88K |
| Current Ratio | 0.01x | 0.01x | 0.02x | 15.03x | 9.43x | 3.85x | 3.85x |
| Quick Ratio | 0.01x | 0.01x | 0.02x | 15.03x | 9.43x | 3.85x | 3.85x |
| Cash Conversion Cycle | - | - | - | - | - | - | -913.75 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 545.54K | 1.02M | 3.14M | 184.35K | 588.09K | 672.02B | 758.7K |
| Total Debt | 209.92K | 586.3K | 1.58M | 0 | 0 | 0 | 55.61K |
| Net Debt | 204.9K | 576.29K | 1.52M | -2.62M | -5.44M | -2.18T | -1.94M |
| Debt / Equity | - | - | - | - | - | - | 0.03x |
| Debt / EBITDA | - | - | - | - | - | - | -0.01x |
| Net Debt / EBITDA | - | - | - | - | - | - | 0.28x |
| Interest Coverage | -29.51x | -13.75x | -7.07x | -67.87x | -398.52x | - | -958.75x |
| Total Equity | -540.52K▲ 0% | -1.01M▼ 86.7% | -3.06M▼ 203.0% | 2.59M▲ 184.8% | 4.96M▲ 91.5% | 2.14T▲ 43038596.6% | 1.94M▲ 0% |
| Equity Growth % | - | -86.69% | -202.98% | 184.79% | 91.48% | 43038596.63% | -69.33% |
| Book Value per Share | -0.10 | -0.18 | -0.50 | 0.43 | 0.60 | 206668.18 | 0.19 |
| Total Shareholders' Equity | -540.52K | -1.01M | -3.06M | 2.59M | 4.96M | 2.14T | 1.94M |
| Common Stock | 252 | 272 | 40 | 61 | 91 | 114M | 104 |
| Retained Earnings | -1.01M | -1.6M | -4.4M | -9.75M | -16.79M | -23.29T | -21.81M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BFRG Cash Flow Statement
Bullfrog AI Holdings, Inc. Common Stock (BFRG) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -211.71K | -382.4K | -910.89K | -6M | -5.61M | -5.52T | -5.52T |
| Operating CF Margin % | - | - | -9108.9% | -9232.77% | - | -4733.23% | - |
| Operating CF Growth % | - | -80.63% | -138.2% | -558.84% | 6.52% | -98431627.36% | -27.68% |
| Net Income | -341.69K | -585.84K | -2.8M | -5.36M | -6.99M | -6.5T | -6.73M |
| Depreciation & Amortization | 0 | 0 | 1.04K | 1.73K | 1.72K | 1.73B | 1.73K |
| Stock-Based Compensation | 87.13K | 98.95K | 340.15K | 631.53K | 943.65K | 1.01T | 1.07M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -17.27K | 7.29K | 413.48K | 162.96K | 0 | -36.55B | 0 |
| Working Capital Changes | 60.13K | 97.2K | 1.14M | -1.44M | 438.02K | 0 | 50.91K |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 60.13K | -25.85K | 475.4K | -440.34K | 332.28K | -267.78B | 90.42K |
| Cash from Investing | 0 | 0 | -8.74K | 0 | 0 | 0 | 0 |
| Capital Expenditures | 0 | 0 | -8.74K | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | 87.44% | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 209.94K | 387.4K | 967.29K | 8.57M | 8.42M | 2.37T | 3.47M |
| Debt Issued (Net) | 209.92K | 387.3K | 967.29K | -219.95K | 0 | 0 | -116.4K |
| Equity Issued (Net) | 0 | 0 | 0 | 1000K | 1000K | 0 | 1.94M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 25 | 100 | 0 | 1.49M | 105.82K | 2.37T | 0 |
| Net Change in Cash | -1.77K▲ 0% | 5K▲ 382.8% | 47.66K▲ 854.1% | 2.57M▲ 5286.6% | 2.81M▲ 9.5% | -3.15T▼ 111952955.2% | -2.14M▲ 0% |
| Free Cash Flow | -211.71K▲ 0% | -382.4K▼ 80.6% | -919.63K▼ 140.5% | -6M▼ 552.6% | -5.61M▲ 6.5% | -5.52T▼ 98431627.4% | -5.61M▲ 0% |
| FCF Margin % | - | - | -9196.34% | -9232.77% | - | -4733.23% | -4807.83% |
| FCF Growth % | - | -80.63% | -140.49% | -552.57% | 6.52% | -98431627.36% | -4.72% |
| FCF per Share | -0.04 | -0.07 | -0.15 | -0.99 | -0.68 | -534223.18 | -534223.18 |
| FCF Conversion (FCF/Net Income) | 0.62x | 0.65x | 0.33x | 1.12x | 0.80x | 0.85x | 0.83x |
| Interest Paid | 0 | 0 | 0 | 93.92K | 0 | 0 | 2.01K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BFRG Key Ratios
Bullfrog AI Holdings, Inc. Common Stock (BFRG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -206.61% | -185.12% | -608.34% | -218.2% |
| Return on Invested Capital (ROIC) | - | - | - | - | - | 1998.83% |
| Gross Margin | - | 92% | 92% | - | 18.76% | 18.76% |
| Net Margin | - | -28024.87% | -8239.8% | - | -5569.61% | -5770.67% |
| Debt / Equity | - | - | - | - | - | 0.03x |
| Interest Coverage | -13.75x | -7.07x | -67.87x | -398.52x | - | -958.75x |
| FCF Conversion | 0.65x | 0.33x | 1.12x | 0.80x | 0.85x | 0.83x |
| Revenue Growth | - | - | 550% | -100% | - | - |
BFRG Frequently Asked Questions
Bullfrog AI Holdings, Inc. Common Stock (BFRG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Bullfrog AI Holdings, Inc. Common Stock (BFRG) reported $0.1M in revenue for fiscal year 2025.
Bullfrog AI Holdings, Inc. Common Stock (BFRG) grew revenue by 0.0% over the past year. Growth has been modest.
Bullfrog AI Holdings, Inc. Common Stock (BFRG) reported a net loss of $6.7M for fiscal year 2025.
Dividend & Returns
Bullfrog AI Holdings, Inc. Common Stock (BFRG) has a return on equity (ROE) of -608.3%. Negative ROE indicates the company is unprofitable.
Bullfrog AI Holdings, Inc. Common Stock (BFRG) had negative free cash flow of $5.6M in fiscal year 2025, likely due to heavy capital investments.
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Bullfrog AI Holdings, Inc. Common Stock (BFRG) financial analysis — history, returns, DCA and operating performance tools
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