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    BFRG

    BullFrog AI Holdings, Inc.

    Company overview

    Market capitalization
    $12.17M
    Employees
    9
    Latest publication
    2026-09-29
    About BullFrog AI Holdings, Inc.

    Bullfrog AI Holdings, Inc. 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. The company offers bfLEAP, an analytical AI/ML platform to analyze preclinical and clinical data for biotechnology and pharmaceutical companies, and other organizations. It also develops BF-222, a novel formulation of mebendazole , which is in the first phase for the treatment of Glioblastoma; BF-223, a novel prodrug of mebendazole, which is in the preclinical stage for the treatment of Glioblastoma; and BF-114, which is in the discovery phase, to treat obesity and chronic liver diseases. The company 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 use of a formulation of Mebendazole for the treatment of glioblastoma, and human cancer or neoplastic disease. It has a partnership with the Lieber Institute for Brain Development (LIBD) to enable the discovery and development of precision treatments for CNS disorders. The company was founded in 2017 and is headquartered in Gaithersburg, Maryland.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Revenue215,385USD0USD0USD83,413USD33,257USD0USD1,724USD0USD
    Cost Of Revenue108,486USD431USD431USD68,043USD26,735USD431USD862USD431USD
    Gross Profit106,899USD-431USD-431USD15,370USD6,522USD-431USD862USD-431USD
    Research Development339,456USD434,819USD397,189USD345,992USD480,297USD576,260USD590,856USD566,584USD
    Selling General Administrative1,186,504USD1,179,808USD1,101,471USD1,239,061USD995,898USD1,480,360USD1,177,905USD1,253,357USD
    General And Administrative Expenses1,186,504USD———————
    Total Operating Expenses1,525,960USD1,614,627USD1,498,660USD1,585,053USD1,476,195USD2,056,620USD1,768,761USD1,819,941USD
    Operating Income-1,419,061USD-1,614,627USD-1,498,660USD-1,569,683USD-1,469,673USD-2,056,620USD-1,768,761USD-1,819,941USD
    Total Other Income Expense Net47,531USD21,466USD18,486USD18,071USD20,944USD39,067USD54,018USD56,477USD
    Interest Income49,904USD16,389USD19,108USD19,614USD23,393USD40,082USD—61,455USD
    Interest Expense2,373USD982USD622USD1,543USD2,449USD1,015USD2,008USD4,978USD
    Net Income-1,371,530USD-1,593,161USD-1,480,174USD-1,551,612USD-1,448,729USD-2,017,553USD-1,714,743USD-1,763,464USD
    Net Interest Income—15,407USD18,486USD18,071USD20,944USD39,067USD258,886USD-4,978USD
    Income Before Tax—-1,593,161USD-1,480,174USD-1,551,612USD-1,448,729USD-2,017,553USD-1,714,743USD-1,763,464USD
    Net Income From Continuing Ops—-1,593,161USD-1,480,174USD-1,551,612USD-1,448,729USD-2,017,553USD-1,714,743USD-1,763,464USD
    Ebit—-1,615,058USD-1,479,552USD-1,550,069USD-1,446,280USD-2,016,538USD-1,712,735USD-1,758,486USD
    Ebitda—-1,614,627USD-1,479,121USD-1,549,638USD-1,445,848USD-2,016,107USD-1,712,304USD-1,758,055USD
    Depreciation And Amortization—431USD431USD431USD432USD431USD431USD431USD
    Reconciled Depreciation—431USD431USD431USD432USD431USD431USD431USD
    Selling And Marketing Expenses——————862USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
    Total Revenue116,670USD0USD65,000USD10,000USD0USD0USD
    Cost Of Revenue96,503USD1,724USD5,200USD800USD0USD0USD
    Gross Profit20,167USD-1,724USD59,800USD9,200USD0USD0USD
    Research Development1,799,738,000,000USD2,223,265USD1,432,614USD609,270USD25,000USD—
    Selling General Administrative4,816,790,000,000USD5,013,118USD3,994,710USD1,855,731USD555,362USD347,193USD
    Unclassified Operating Expenses-6,616,521,385,197USD—————
    Total Operating Expenses6,614,803USD7,236,383USD5,427,324USD2,465,000USD555,362USD347,193USD
    Operating Income-6,594,636USD-7,236,383USD-5,367,524USD-2,455,801USD-555,362USD-347,193USD
    Interest Income102,197USD260,894USD183,703USD459USD——
    Interest Expense5,629USD18,158USD79,089USD347,145USD40,395USD11,767USD
    Net Interest Income96,568USD242,736USD-189,357USD-347,145USD-40,395USD-11,767USD
    Income Before Tax-6,498,068USD-6,993,647USD-5,355,869USD-2,802,487USD-585,840USD-341,690USD
    Net Income-6,498,068USD-6,993,647USD-5,355,869USD-2,802,487USD-585,840USD-341,690USD
    Net Income From Continuing Ops-6,498,068USD-6,993,647USD-4,754,441USD-2,802,487USD-585,840USD-341,690USD
    Ebit-6,594,636USD-6,975,489USD-5,276,780USD-2,455,342USD-555,362USD-347,193USD
    Ebitda-6,592,911USD-6,973,765USD-5,275,055USD-2,454,297USD-555,362USD-347,193USD
    Depreciation And Amortization1,725USD1,724USD1,725USD1,045USD236,558USD206,297USD
    Reconciled Depreciation1,725USD1,724USD1,734USD1,045USD0USD—
    Total Other Income Expense Net96,568USD242,736USD11,655USD-346,686USD9,917USD17,270USD
    Income Tax Expense—-44,985USD-5USD347,604USD-196,163USD-194,530USD
    Selling And Marketing Expenses——1,725USD———
    Net Income Applicable To Common Shares————-585,840USD-341,690USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets7,693,852USD5,538,863USD2,808,655USD2,702,356USD2,869,194USD4,085,872USD5,551,830USD4,602,206USD
    Cash And Equivalents6,918,141USD———————
    Long Term Investments116,670USD116,670USD116,670USD58,335USD58,335USD—0USD—
    Total Current Assets7,470,520USD5,315,099USD2,584,156USD2,536,065USD2,702,472USD4,082,054USD5,547,580USD4,597,525USD
    Other Current Assets336,994USD234,636USD400,451USD487,018USD228,837USD280,126USD111,597USD358,537USD
    Total Liabilities706,590USD———————
    Total Current Liabilities706,590USD652,072USD672,022USD758,701USD681,084USD839,397USD588,090USD779,037USD
    Other Current Liabilities90,138USD———————
    Total Stockholder Equity6,987,262USD4,886,791USD2,136,329USD1,943,655USD2,188,110USD3,246,475USD4,963,740USD3,823,169USD
    Total Equity Including Noncontrolling Interest6,987,262USD———————
    Property Plant Equipment Net1,662USD2,094USD2,525USD2,956USD3,387USD3,818USD4,250USD4,681USD
    Accounts Payable169,945USD216,986USD168,151USD168,212USD181,793USD210,533USD435,934USD91,374USD
    Common Stock185USD184USD114USD104USD96USD94USD91USD79USD
    Retained Earnings-26,256,315USD-24,884,785USD-23,291,624USD-21,811,450USD-20,259,838USD-18,811,109USD-16,793,556USD-15,050,602USD
    Total Liab—652,072USD672,326USD758,701USD681,084USD839,397USD588,090USD779,037USD
    Other Current Liab—435,086USD503,871USD534,883USD363,922USD464,794USD152,156USD515,658USD
    Capital Stock—185USD115USD105USD97USD95USD92USD80USD
    Cash—5,080,463USD2,183,705USD1,990,712USD2,473,635USD3,801,928USD5,435,983USD4,238,988USD
    Cash And Short Term Investments—5,080,463USD2,183,705USD1,990,712USD2,473,635USD3,801,928USD5,435,983USD4,238,988USD
    Net Debt—-5,080,463USD-2,183,705USD-1,935,106USD-2,363,344USD-3,637,858USD-5,435,983USD-4,066,983USD
    Short Long Term Debt—133,886USD—55,606USD110,291USD164,070USD—172,005USD
    Common Stock Shares Outstanding—12,948,732shares11,418,183shares10,379,775shares9,706,356shares9,689,812shares8,245,353shares8,124,834shares
    Non Current Assets Total—223,764USD224,498USD166,291USD166,722USD3,818USD4,249USD4,681USD
    Non Current Liabilities Total—0USD304USD0USD0USD0USD0USD0USD
    Non Currrent Assets Other—105,000USD105,000USD105,000USD105,000USD—0USD—
    Net Working Capital—4,663,027USD1,912,134USD1,777,364USD2,021,388USD3,242,657USD4,959,490USD3,818,488USD
    Unclassified Equity—29,771,207USD25,427,724USD23,754,896USD22,447,755USD22,057,395USD21,757,113USD18,873,613USD
    Property Plant Equipment Gross——8,744USD———8,744USD—
    Short Term Debt———55,606USD110,291USD164,070USD—172,005USD
    Short Long Term Debt Total———55,606USD110,291USD164,070USD—172,005USD
    Net Receivables———58,335USD————
    Current Deferred Revenue————25,078USD———
    Accumulated Other Comprehensive Income———————-1USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
    Total Assets2,808,351USD5,551,830USD2,776,586USD80,369USD10,014USD5,019USD
    Other Current Assets400,451USD111,597USD145,882USD15,000USD——
    Total Liab672,022USD588,090USD184,350USD3,137,721USD1,019,121USD545,537USD
    Total Stockholder Equity2,136,329USD4,963,740USD2,592,236USD-3,057,352USD-1,009,107USD-540,518USD
    Other Current Liab503,871USD152,156USD80,694USD982,988USD354,223USD241,173USD
    Common Stock114USD91USD61USD40USD272USD252USD
    Capital Stock115USD92USD62USD41USD272USD252USD
    Retained Earnings-23,291,624USD-16,793,556USD-9,754,924USD-4,399,055USD-1,596,568USD-1,010,728USD
    Cash2,183,705USD5,435,983USD2,624,730USD57,670USD10,014USD5,019USD
    Cash And Short Term Investments2,183,705USD5,435,983USD2,624,730USD57,670USD10,014USD5,019USD
    Total Current Assets2,584,156USD5,547,580USD2,770,612USD72,670USD10,014USD5,019USD
    Total Current Liabilities672,022USD588,090USD184,350USD3,137,721USD1,019,121USD545,537USD
    Net Debt-2,183,705USD-5,435,983USD-2,624,730USD1,521,070USD576,290USD204,898USD
    Long Term Investments116,670USD0USD————
    Accounts Payable168,151USD435,934USD103,656USD543,993USD68,594USD94,447USD
    Property Plant Equipment Net2,525USD4,250USD5,974USD7,699USD0USD—
    Property Plant Equipment Gross8,744USD8,744USD8,744USD8,744USD——
    Common Stock Shares Outstanding10,337,000shares8,245,353shares6,049,819shares6,086,952shares5,650,419shares5,650,419shares
    Non Current Assets Total224,195USD4,250USD5,974USD7,699USD0USD100USD
    Non Current Liabilities Total304USD0USD0USD0USD0USD0USD
    Non Currrent Assets Other105,000,000,000USD—0USD——0USD
    Net Working Capital1,912,134USD4,959,490USD2,586,262USD-3,065,051USD-1,009,107USD-540,518USD
    Unclassified Non Current Assets-104,999,895,000USD—————
    Unclassified Equity25,427,724USD21,757,113USD12,347,038USD1,341,622USD——
    Accumulated Other Comprehensive Income——-1USD———
    Current Deferred Revenue———32,000USD10,000USD—
    Short Term Debt———1,578,740USD586,304USD209,917USD
    Short Long Term Debt———1,578,740USD586,304USD209,917USD
    Short Long Term Debt Total———1,578,740USD586,304USD209,917USD
    Unclassified Current Liabilities———-1,578,740USD——
    Net Tangible Assets————-1,009,107USD-540,518USD
    Other Assets—————-100USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation863USD
    Stock Based Compensation236,491USD
    Change To Liabilities-120,570USD
    Change In Working Capital-142,242USD
    Operating Cash Flow-3,207,328USD
    Investing Cash Flow0USD
    Financing Cash Flow7,941,764USD
    Change In Cash4,734,436USD
    End Cash Flow7,023,141USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-1,593,161USD-1,480,174USD-1,551,612USD-1,448,729USD-2,017,553USD-1,714,743USD-1,763,464USD-1,611,646USD
    Depreciation431USD431USD431USD432USD431USD431USD431USD431USD
    Stock Based Compensation126,656USD154,208USD378,230USD177,905USD300,288USD214,279USD201,571USD192,382USD
    Other Non Cash Items-228,014USD-116,670USD378,230USD-242,872USD300,288USD—210,027USD193,244USD
    Change In Working Capital-228,014USD257,210USD65,779USD-161,581USD-81,291USD227,998USD355,397USD188,318USD
    Total Cash From Operating Activities-1,694,088USD-1,184,995USD-1,107,172USD-1,431,973USD-1,798,125USD-1,272,035USD-1,206,065USD-1,230,515USD
    Capital Expenditures0USD-5USD-2USD0USD-5USD0USD-5USD-5USD
    Free Cash Flow-1,694,088USD-1,184,995USD-1,107,170USD-1,431,973USD-1,798,120USD-1,272,035USD-1,206,065USD-1,230,520USD
    Net Borrowings133,886USD-55,606USD-54,685USD-53,779USD164,070USD-172,005USD-169,035USD—
    Total Cash From Financing Activities4,590,846USD1,377,988USD624,249USD208,680USD164,070USD2,469,030USD-169,035USD-166,114USD
    Issuance Of Capital Stock4,456,960USD1,526,140USD678,934USD262,459USD0USD2,641,035USD0USD0USD
    Change In Cash2,896,758USD192,993USD-482,923USD-1,223,293USD-1,634,055USD1,196,995USD-1,375,100USD-1,396,629USD
    Begin Period Cash Flow2,288,705USD2,095,712USD2,473,635USD3,801,928USD5,435,983USD4,238,988USD5,614,088USD7,010,717USD
    End Period Cash Flow5,185,463USD2,288,705USD1,990,712USD2,578,635USD3,801,928USD5,435,983USD4,238,988USD5,614,088USD
    Other Cashflows From Financing Activities4,590,846USD-92,546USD624,249USD208,680USD164,070USD—-169,035USD—
    Unclassified Financing Cash Flow-4,590,846USD———————
    Change To Account Receivables——-58,335USD—————
    Investments——0USD0USD0USD0USD0USD0USD
    Total Cashflows From Investing Activities——————5USD—
    Other Cashflows From Investing Activities———————5USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
    Net Income-6,498,068,000,000USD-6,993,647USD-5,355,869USD-2,802,487USD-585,840USD-341,690USD
    Depreciation1,725,000,000USD1,724USD1,725USD1,045USD0USD—
    Stock Based Compensation1,010,631,000,000USD943,649USD631,533USD340,152USD98,951USD87,126USD
    Other Non Cash Items-36,553,080,117USD438,025USD162,959USD413,478USD7,287USD-17,270USD
    Change In Working Capital80,117USD438,025USD-1,441,647USD1,136,922USD97,197USD60,126USD
    Total Cash From Operating Activities-5,522,265,000,000USD-5,610,249USD-6,001,299USD-910,890USD-382,405USD-211,708USD
    Capital Expenditures-5USD0USD-1USD-8,744USD-5USD0USD
    Free Cash Flow-5,522,265,000,000USD-5,610,249USD-6,001,299USD-919,634USD-382,405USD-211,708USD
    Net Borrowings0USD0USD-219,950USD967,290USD387,300USD209,917USD
    Total Cash From Financing Activities2,374,987,000,000USD8,421,502USD8,568,359USD967,290USD387,400USD209,942USD
    Issuance Of Capital Stock2,467,533USD8,315,686USD7,293,651USD0USD——
    Change In Cash-3,147,278,000,000USD2,811,253USD2,567,060USD47,656USD4,995USD-1,766USD
    Begin Period Cash Flow5,435,983,000,000USD2,624,730USD57,670USD10,014USD5,019USD6,785USD
    End Period Cash Flow2,288,705,000,000USD5,435,983USD2,624,730USD57,670USD10,014USD5,019USD
    Other Cashflows From Financing Activities2,374,984,625,013USD105,816USD1,494,658USD-8,744USD100USD25USD
    Investments—0USD0USD-8,744USD0USD—
    Total Cashflows From Investing Activities———-8,744USD——
    Change To Liabilities————-15,853USD60,126USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.