Bullfrog AI Holdings, Inc. income statement

In fiscal 2025, Bullfrog AI Holdings, Inc. reported revenue of $116,670, up 79.5% on the year before, operating income of −$6.6m (a -5652.4% margin) and net income of −$6.5m, or −$0.63 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Bullfrog AI Holdings, Inc.: income statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2025Dec 2025
Revenue	10	65	117
Cost of revenue	1	5	95
Gross profit	9	60	22
Research and development	609	1,433	1,800
General and administrative	1,856	3,995	4,817
Operating income	−2,456	−5,368	−6,595
Interest expense	347	79	6
Net income	−2,802	−5,356	−6,498
Diluted EPS	−$0.70	−$0.89	−$0.63
Diluted shares (average)	4m	6m	10m
EBITDA	−2,455	−5,366	−6,593

US$ thousands unless shown otherwise. Fiscal quarters.

Bullfrog AI Holdings, Inc.: income statement, quarterly
Quarter	2023 Q3Sept 2023	2023 Q4Dec 2023	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q2Jun 2026
Revenue	65	0	33	83	0	215
Cost of revenue	5	0	27	68	0	108
Gross profit	60	0	7	15	0	107
Research and development	380	409	480	346	397	339
General and administrative	984	927	996	1,239	1,101	1,187
Operating income	−1,304	−1,336	−1,470	−1,570	−1,499	−1,419
Interest expense	6	2	2	2	1	2
Net income	−1,253	−1,297	−1,449	−1,552	−1,480	−1,372
Diluted EPS	−$0.21	−$0.17	−$0.15	−$0.15	−$0.12	−$0.07
EBITDA	−1,304	−1,335	−1,469	−1,569	−1,498	−1,419

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Bullfrog AI Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Bullfrog AI Holdings, Inc.