BullFrog AI Holdings, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $116,670 | — | $65,000 | $10,000 | — |
| Cost of revenue | $94,778 | — | $5,200 | $800 | — |
| Gross profit | $21,892 | — | $59,800 | $9,200 | — |
| Research and development | $1.8M | $2.2M | $1.4M | $609,270 | $25,000 |
| Operating expenses | $6.6M | $7.2M | $5.4M | $2.5M | $555,362 |
| Operating income | -$6.6M | -$7.2M | -$5.4M | -$2.5M | -$555,362 |
| Interest expense | $5,629 | $18,158 | $79,089 | $347,145 | $40,395 |
| Net income | -$6.5M | -$7.0M | -$5.4M | -$2.8M | -$585,840 |
| Balance Sheet | |||||
| Cash and equivalents | $2.2M | $5.4M | $2.6M | $57,670 | — |
| Current assets | $2.6M | $5.5M | $2.8M | $72,670 | $10,014 |
| Total assets | $2.8M | $5.6M | $2.8M | $80,369 | $10,014 |
| Current liabilities | $672,022 | $588,090 | $184,350 | $3.1M | $1.0M |
| Total liabilities | $672,022 | $588,090 | $184,350 | $3.1M | $1.0M |
| Stockholders' equity | $2.1M | $5.0M | $2.6M | -$3.1M | -$1.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$5.5M | -$5.6M | -$6.0M | -$910,890 | -$382,405 |
| Depreciation and amortization | $1,725 | $1,724 | $1,725 | $1,045 | — |
| Stock-based compensation | $1.0M | $943,649 | $631,533 | $340,152 | $98,951 |
| Capital expenditure | — | — | — | $8,744 | — |
| Free cash flow | — | — | — | -$919,634 | — |
Shares outstanding 18.5M · Free float 85.3%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.