NASDAQ : BFRG
Bullfrog AI Holdings, Inc. — Financial statements
Healthcare · Health Information Services · United States
Last price 0.506 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.38M
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Financial statements
Bullfrog AI Holdings, Inc. (BFRG) reported revenue of 298.80K USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 298.80K | 116.67K | 65.00K | 10.00K | ||
| Cost of Revenue | 176.53K | 94.78K | 5.20K | 800.00 | ||
| Gross Profit | 122.27K | 21.89K | 59.80K | 9.20K | ||
| Selling, General & Admin | 4.71M | 4.82M | 5.01M | 3.99M | 1.86M | 530.36K |
| Research & Development | 1.52M | 1.80M | 2.22M | 1.43M | 609.27K | 25.00K |
| Operating Expenses | 6.22M | 6.62M | 7.24M | 5.43M | 2.47M | 555.36K |
| Operating Income | -6.10M | -6.59M | -7.24M | -5.37M | -2.46M | -555.36K |
| Interest Expense | -5.52K | -5.63K | -18.16K | -79.09K | -347.14K | -40.40K |
| Interest & Investment Income | 105.02K | 102.20K | 260.89K | 183.70K | 459.00 | |
| Other Non Operating Income (Expenses) | 6.06K | 9.92K | ||||
| EBT Excluding Unusual Items | -6.00M | -6.50M | -6.99M | -5.26M | -2.80M | -585.84K |
| Other Unusual Items | -92.96K | |||||
| Pretax Income | -6.00M | -6.50M | -6.99M | -5.36M | -2.80M | -585.84K |
| Net Income | -6.00M | -6.50M | -6.99M | -5.36M | -2.80M | -585.84K |
| Preferred Dividends & Other Adjustments | 44.98K | |||||
| Net Income to Common | -6.00M | -6.50M | -7.04M | -5.36M | -2.80M | -585.84K |
| Shares Outstanding (Basic) | 13.44M | 10.34M | 8.25M | 6.05M | 4.01M | 4.12M |
| Shares Outstanding (Diluted) | 13.44M | 10.34M | 8.25M | 6.05M | 4.01M | 4.12M |
| EPS (Basic) | -0.45 | -0.63 | -0.85 | -0.89 | -0.70 | -0.14 |
| EPS (Diluted) | -0.45 | -0.63 | -0.85 | -0.89 | -0.70 | -0.14 |
| Free Cash Flow | -5.50M | -5.52M | -5.61M | -6.00M | -919.63K | -382.40K |
| Free Cash Flow Per Share | -0.41 | -0.53 | -0.68 | -0.99 | -0.23 | -0.09 |
| Gross Margin | 40.92% | 18.76% | 92.00% | 92.00% | ||
| Operating Margin | -2,042.19% | -5,652.38% | -8,257.73% | -24,558.01% | ||
| Profit Margin | -2,006.87% | -5,569.61% | -8,239.80% | -28,024.87% | ||
| Free Cash Flow Margin | -1,840.54% | -4,733.23% | -9,232.77% | -9,196.34% | ||
| EBITDA | -6.10M | -6.59M | -7.23M | -5.37M | -2.45M | |
| D&A For EBITDA | 1.73K | 1.73K | 1.72K | 1.73K | 1.04K | |
| EBIT | -6.10M | -6.59M | -7.24M | -5.37M | -2.46M | -555.36K |
| Revenue as Reported | 116.67K | 116.67K | 65.00K | 10.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.92M | 2.18M | 5.44M | 2.62M | 57.67K | 10.01K |
| Cash & Short-Term Investments | 6.92M | 2.18M | 5.44M | 2.62M | 57.67K | 10.01K |
| Prepaid Expenses | 336.99K | 400.45K | 111.60K | 145.88K | 15.00K | |
| Total Current Assets | 7.47M | 2.58M | 5.55M | 2.77M | 72.67K | 10.01K |
| Property, Plant & Equipment | 1.66K | 2.52K | 4.25K | 5.97K | 7.70K | |
| Long-Term Investments | 116.67K | 116.67K | ||||
| Other Long-Term Assets | 105.00K | 105.00K | ||||
| Total Assets | 7.69M | 2.81M | 5.55M | 2.78M | 80.37K | 10.01K |
| Accounts Payable | 169.94K | 168.15K | 435.93K | 103.66K | 543.99K | 68.59K |
| Accrued Expenses | 446.51K | 503.87K | 152.16K | 80.69K | 982.99K | 354.22K |
| Short-Term Debt | 90.14K | 1.58M | 586.30K | |||
| Current Unearned Revenue | 32.00K | 10.00K | ||||
| Total Current Liabilities | 706.59K | 672.02K | 588.09K | 184.35K | 3.14M | 1.02M |
| Total Liabilities | 706.59K | 672.02K | 588.09K | 184.35K | 3.14M | 1.02M |
| Common Stock | 185.00 | 114.00 | 91.00 | 61.00 | 40.00 | 46.00 |
| Additional Paid-In Capital | 33.24M | 25.43M | 21.76M | 12.35M | 1.34M | 587.41K |
| Retained Earnings | -26.26M | -23.29M | -16.79M | -9.75M | -4.40M | -1.60M |
| Total Common Equity | 6.99M | 2.14M | 4.96M | 2.59M | -3.06M | -1.01M |
| Shareholders' Equity | 6.99M | 2.14M | 4.96M | 2.59M | -3.06M | -1.01M |
| Total Liabilities & Equity | 7.69M | 2.81M | 5.55M | 2.78M | 80.37K | 10.01K |
| Total Debt | 90.14K | 1.58M | 586.30K | |||
| Net Cash (Debt) | 6.83M | 2.18M | 5.44M | 2.62M | -1.52M | -576.29K |
| Net Cash Per Share | 0.51 | 0.21 | 0.66 | 0.43 | -0.38 | -0.14 |
| Filing Date Shares Outstanding | 18.54M | 12.66M | 9.42M | 7.85M | 6.09M | 3.78M |
| Total Common Shares Outstanding | 18.54M | 11.42M | 9.11M | 6.09M | 4.02M | 3.89M |
| Working Capital | 6.76M | 1.91M | 4.96M | 2.59M | -3.07M | -1.01M |
| Book Value Per Share | 0.38 | 0.19 | 0.54 | 0.43 | -0.76 | -0.26 |
| Tangible Book Value | 6.99M | 2.14M | 4.96M | 2.59M | -3.06M | -1.01M |
| Tangible Book Value Per Share | 0.38 | 0.19 | 0.54 | 0.43 | -0.76 | -0.26 |
| Machinery | 8.74K | 8.74K | 8.74K | 8.74K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -6.00M | -6.50M | -6.99M | -5.36M | -2.80M | -585.84K |
| Depreciation & Amortization | 1.73K | 1.73K | 1.72K | 1.73K | 1.04K | |
| Other Amortization | 20.00K | 214.43K | 12.66K | |||
| Stock-Based Compensation | 768.93K | 1.01M | 943.65K | 681.53K | 529.98K | 98.95K |
| Other Operating Activities | -116.67K | -116.67K | 92.96K | 9.22K | -5.38K | |
| Change in Accounts Payable | -11.85K | -267.78K | 332.28K | -440.34K | 475.40K | -25.85K |
| Change in Unearned Revenue | -25.08K | -32.00K | 22.00K | 10.00K | ||
| Change in Other Net Operating Assets | -120.08K | 347.90K | 105.75K | -969.31K | 639.52K | 113.05K |
| Operating Cash Flow | -5.50M | -5.52M | -5.61M | -6.00M | -910.89K | -382.40K |
| Capital Expenditures | -8.74K | |||||
| Investing Cash Flow | -8.74K | |||||
| Short-Term Debt Issued | 181.80K | 561.88K | 797.53K | 1.02M | 387.30K | |
| Total Debt Issued | 175.19K | 181.80K | 561.88K | 797.53K | 1.02M | 387.30K |
| Short-Term Debt Repaid | -181.80K | -561.88K | -1.02M | -49.00K | ||
| Total Debt Repaid | -195.35K | -181.80K | -561.88K | -1.02M | -49.00K | |
| Net Debt Issued (Repaid) | -20.15K | -219.95K | 967.29K | 387.30K | ||
| Issuance of Common Stock | 10.06M | 2.47M | 8.42M | 8.79M | 100.00 | |
| Other Financing Activities | -92.55K | -92.55K | ||||
| Financing Cash Flow | 9.94M | 2.37M | 8.42M | 8.57M | 967.29K | 387.40K |
| Net Cash Flow | 4.44M | -3.15M | 2.81M | 2.57M | 47.66K | 5.00K |
| Free Cash Flow | -5.50M | -5.52M | -5.61M | -6.00M | -919.63K | -382.40K |
| Free Cash Flow Margin | -1,840.54% | -4,733.23% | -9,232.77% | -9,196.34% | ||
| Free Cash Flow Per Share | -0.41 | -0.53 | -0.68 | -0.99 | -0.23 | -0.09 |
| Levered Free Cash Flow | -3.32M | -3.32M | -3.15M | -4.21M | 96.03K | -163.53K |
| Unlevered Free Cash Flow | -3.32M | -3.31M | -3.14M | -4.18M | 98.57K | -150.95K |
| Cash Interest Paid | 5.52K | 5.63K | 18.16K | 93.92K | 5.76K | |
| Change in Working Capital | -157.00K | 80.12K | 438.02K | -1.44M | 1.14M | 97.20K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.20M | 10.07M | 17.43M | 19.87M | ||
| Enterprise Value | 2.38M | 8.14M | 13.36M | 16.23M | ||
| Last Close Price | 0.49 | 0.88 | 2.00 | 3.26 | ||
| PS Ratio | 31.16 | 86.33 | 305.67 | |||
| PB Ratio | 1.29 | 4.71 | 3.51 | 7.67 | ||
| P/TBV Ratio | 1.33 | 4.71 | 3.51 | 7.67 | ||
| EV/Sales Ratio | 8.31 | 69.75 | 249.63 | |||
| Debt / Equity Ratio | 0.01 | -0.52 | -0.58 | |||
| Net Debt / Equity Ratio | -0.98 | -1.02 | -1.09 | -1.01 | -0.50 | -0.57 |
| Net Debt / EBITDA Ratio | 1.12 | 0.33 | 0.75 | 0.49 | -0.62 | |
| Net Debt / FCF Ratio | 1.24 | 0.40 | 0.97 | 0.44 | -1.65 | -1.51 |
| Asset Turnover | 0.06 | 0.03 | 0.05 | 0.22 | ||
| Quick Ratio | 10.10 | 3.25 | 9.24 | 14.24 | 0.02 | 0.01 |
| Current Ratio | 10.57 | 3.85 | 9.43 | 15.03 | 0.02 | 0.01 |
| Return on Equity (ROE) | -130.71% | -183.04% | -185.12% | |||
| Return on Assets (ROA) | -72.21% | -98.60% | -108.61% | -234.85% | -3,396.42% | -4,618.16% |
| Return on Capital Employed (ROCE) | -87.30% | -308.70% | -145.80% | -207.10% | 80.30% | 55.00% |
| Earnings Yield | -89.91% | -64.51% | -40.13% | -26.96% | ||
| FCF Yield | -59.07% | -54.83% | -32.19% | -30.20% | ||
| Buyback Yield / Dilution | -45.78% | -25.37% | -36.29% | -50.87% | 2.59% | -16.17% |