BFRG revenueQ2 2026$215.4K
- Quarter YoY
- +547.6%
BFRG revenue was $215.4K in fiscal Q2 2026 (ended Jun 30, 2026), up 547.6% from a year earlier. For the full fiscal 2025 it was $116.7K.
Bullfrog AI Holdings Inc. (BFRG) financials
For the twelve months ended Jun 30, 2026, Bullfrog AI Holdings Inc. reported $298.8K of revenue and -$6.00M of net income.
- Revenue, TTM
- $298.8K
- Net income, TTM
- -$6.00M
- Net margin
- -2006.9%
- EPS, diluted, TTM
- -$0.46
- Cash
- $6.92M
- P/S
- 34.01
- Market cap
- $10.2M
FY2022FY2025
FY2021FY2025
BFRG revenue and earnings growth
BFRG net incomeQ2 2026-$1.37M
BFRG net income was -$1.37M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.45M a year earlier. For the full fiscal 2025 it was -$6.50M, compared with -$6.99M in fiscal 2024.
BFRG EPSQ2 2026-$0.07
BFRG diluted EPS was -$0.07 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$0.63, compared with -$0.85 in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $116.7K | - | $65.0K | $10.0K | - |
| Cost of revenue | $94.8K | - | $5.2K | $800 | - |
| Gross profit | $21.9K | - | $59.8K | $9.2K | - |
| Research and development | $1.80M | $2.22M | $1.43M | $609.3K | $25.0K |
| Selling, general and admin | $4.82M | $5.01M | $3.99M | $1.86M | $327.3K |
| Operating income | -$6.59M | -$7.24M | -$5.37M | -$2.46M | -$555.4K |
| Interest expense | $5.6K | $18.2K | $79.1K | $347.1K | $40.4K |
| Net income | -$6.50M | -$6.99M | -$5.36M | -$2.80M | -$585.8K |
| EPS, basic | -$0.63 | -$0.85 | -$0.89 | -$0.70 | -$14.00 |
| EPS, diluted | -$0.63 | -$0.85 | -$0.89 | -$0.70 | - |
| Diluted shares | 10.3M | 8.2M | 6.0M | 4.0M | - |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $2.18M | $5.44M | $2.62M | $57.7K | $10.0K |
| Current assets | $2.58M | $5.55M | $2.77M | $72.7K | $10.0K |
| Total assets | $2.81M | $5.55M | $2.78M | $80.4K | $10.0K |
| Current liabilities | $672.0K | $588.1K | $184.3K | $3.14M | $1.02M |
| Short-term debt | - | - | - | - | $49.0K |
| Total liabilities | $672.0K | $588.1K | $184.3K | $3.14M | $1.02M |
| Shareholders' equity | $2.14M | $4.96M | $2.59M | -$3.06M | -$1.01M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$5.52M | -$5.61M | -$6.00M | -$910.9K | -$382.4K |
| Capital expenditures | - | - | - | $8.7K | - |
| Free cash flow | - | - | - | -$919.6K | - |
| Investing cash flow | - | - | - | -$8.7K | - |
| Financing cash flow | $2.37M | $8.42M | $8.57M | $967.3K | $387.4K |
| Stock-based compensation | $1.01M | $943.6K | $631.5K | $340.2K | $99.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue growth, YoY | - | - | 550.0% | - | - |
| Gross margin | 18.8% | - | 92.0% | 92.0% | - |
| Operating margin | -5652.4% | - | -8257.7% | -24558.0% | - |
| Net margin | -5569.6% | - | -8239.8% | -28024.9% | - |
| Free cash flow margin | - | - | - | -9196.3% | - |
| Return on equity | -304.2% | -140.9% | -206.6% | - | - |
| Return on assets | -231.4% | -126.0% | -192.9% | -3487.0% | -5850.2% |
| Current ratio | 3.85 | 9.43 | 15.03 | 0.02 | 0.01 |
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $215.4K | $0 | $0 | $83.4K | $33.3K | $0 | - | - | - | - | $0 | $65.0K |
| Cost of revenue | $108.5K | $0 | $0 | $68.0K | $26.7K | $0 | - | - | - | - | $0 | $5.2K |
| Gross profit | $106.9K | $0 | $0 | $15.4K | $6.5K | $0 | - | - | - | - | $0 | $59.8K |
| Research and development | $339.5K | $434.8K | $397.2K | $346.0K | $480.3K | $576.3K | $590.9K | $566.6K | $513.7K | $552.1K | $409.0K | $380.0K |
| Selling, general and admin | $1.19M | $1.18M | $1.10M | $1.24M | $995.9K | $1.48M | $1.18M | $1.25M | $1.17M | $1.41M | $926.8K | $983.9K |
| Operating income | -$1.42M | -$1.61M | -$1.50M | -$1.57M | -$1.47M | -$2.06M | -$1.77M | -$1.82M | -$1.68M | -$1.97M | -$1.34M | -$1.30M |
| Interest expense | $2.4K | $982 | $622 | $1.5K | $2.4K | $1.0K | $2.0K | $5.0K | $7.9K | $3.3K | $2.2K | $5.8K |
| Net income | -$1.37M | -$1.59M | -$1.48M | -$1.55M | -$1.45M | -$2.02M | -$1.71M | -$1.76M | -$1.61M | -$1.90M | -$1.30M | -$1.25M |
| EPS, basic | -$0.07 | -$0.12 | -$0.12 | -$0.15 | -$0.15 | -$0.21 | -$0.17 | -$0.22 | -$0.20 | -$0.26 | - | -$0.21 |
| EPS, diluted | -$0.07 | -$0.12 | -$0.12 | -$0.15 | -$0.15 | -$0.21 | -$0.17 | -$0.22 | -$0.20 | -$0.26 | - | -$0.21 |
| Diluted shares | 18.8M | 12.9M | - | 10.4M | 9.7M | 9.7M | - | 8.1M | 8.1M | 7.4M | - | 6.1M |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.92M | $5.08M | $2.18M | $1.99M | $2.58M | $3.80M | $5.44M | $4.24M | $5.61M | $7.01M | $2.62M | $3.86M |
| Receivables | - | - | - | $58.3K | - | - | - | - | - | - | - | - |
| Current assets | $7.47M | $5.32M | $2.58M | $2.54M | $2.70M | $4.08M | $5.55M | $4.60M | $6.07M | $7.64M | $2.77M | $4.21M |
| Total assets | $7.69M | $5.54M | $2.81M | $2.70M | $2.87M | $4.09M | $5.55M | $4.60M | $6.08M | $7.65M | $2.78M | $4.21M |
| Current liabilities | $706.6K | $652.1K | $672.0K | $758.7K | $681.1K | $839.4K | $588.1K | $779.0K | $691.5K | $844.5K | $184.3K | $446.1K |
| Short-term debt | - | - | - | $55.6K | $110.3K | $164.1K | - | $172.0K | $341.0K | $507.2K | - | $213.3K |
| Total liabilities | $706.6K | $652.1K | $672.0K | $758.7K | $681.1K | $839.4K | $588.1K | $779.0K | $691.5K | $844.5K | $184.3K | - |
| Shareholders' equity | $6.99M | $4.89M | $2.14M | $1.94M | $2.19M | $3.25M | $4.96M | $3.82M | $5.39M | $6.80M | $2.59M | $3.77M |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.51M | -$1.69M | -$1.18M | -$1.11M | -$1.43M | -$1.80M | -$1.27M | -$1.21M | -$1.23M | -$1.90M | -$1.02M | -$1.39M |
| Financing cash flow | $3.35M | $4.59M | $1.38M | $624.2K | $208.7K | $164.1K | $2.47M | -$169.0K | -$166.1K | $6.29M | -$213.3K | -$209.8K |
| Stock-based compensation | $109.8K | $126.7K | $154.2K | $378.2K | $177.9K | $300.3K | $214.3K | $201.6K | $192.4K | $335.4K | $120.4K | $121.5K |
Key ratios
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 547.6% | - | - | - | - | - | - | - | - | - | - | - |
| Gross margin | 49.6% | - | - | 18.4% | 19.6% | - | - | - | - | - | - | 92.0% |
| Operating margin | -658.8% | - | - | -1881.8% | -4419.1% | - | - | - | - | - | - | -2006.4% |
| Net margin | -636.8% | - | - | -1860.2% | -4356.2% | - | - | - | - | - | - | -1927.7% |
| Current ratio | 10.57 | 8.15 | 3.85 | 3.34 | 3.97 | 4.86 | 9.43 | 5.90 | 8.78 | 9.05 | 15.03 | 9.43 |
Source: XBRL data Bullfrog AI Holdings Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
BFRG peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| BFRG | $298.8K | - | -$6.00M | -2006.9% | $10.2M |
| LLY | $86.46B | +45.5% | $27.58B | 31.9% | $1.33T |
| JNJ | $99.33B | +7.8% | $16.09B | 16.2% | $679.13B |
| ABBV | $66.01B | +10.7% | $10.34B | 15.7% | $518.44B |
| MRK | $67.38B | +4.9% | $2.45B | 3.6% | $366.73B |
| NVS | $54.53B | +8.4% | $13.98B | 25.6% | $312.35B |
| AZN | $58.74B | +8.6% | $10.22B | 17.4% | $293.69B |
| ABT | $48.23B | +10.0% | $4.70B | 9.7% | $191.40B |
| NVO | DKK 309.06B | +6.4% | DKK 102.43B | 33.1% | $183.23B |
BFRG FAQ
7 questionsWhat is BFRG revenue?
Bullfrog AI Holdings Inc. (BFRG) reported $298.8K of revenue for the twelve months ended Jun 30, 2026. Revenue for fiscal 2025 was $116.7K.Is BFRG profitable?
No. Bullfrog AI Holdings Inc. reported a net loss of $6.00M for the twelve months ended Jun 30, 2026.How much cash and debt does BFRG have?
Bullfrog AI Holdings Inc. reported $6.92M in cash and cash equivalents on its most recent balance sheet in SEC filings.What is BFRG gross margin?
Bullfrog AI Holdings Inc.'s gross profit was $122.3K on $298.8K of revenue for the twelve months ended Jun 30, 2026, a gross margin of 40.9%.What is BFRG earnings per share?
Diluted earnings per share were -$0.46 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.When did BFRG last report financial results?
The latest statements here come from Bullfrog AI Holdings Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.Where does this BFRG financial data come from?
Quantisnow builds these statements from the structured XBRL data Bullfrog AI Holdings Inc. files with the SEC. It is provided for information only and is not investment advice.