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BFRGBULLFROG AI HOLDINGS, INC.

Is Bullfrog AI Holdings struggling financially?

Yes, by its own account. Bullfrog AI Holdings told the SEC on 14 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed May 2026

30/100

Fragile

Sector
Biotech/Pharma
Market cap
$10.8M
Source filing
10-Q 14 May 2026
Balance sheet
30 Jun 2026

Cash runway

  • 6months

    If the burn speeds up

    Empty by Dec 2026

  • 10months

    If it eases off

    Empty by Apr 2027

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$6.9M

÷

Cash burned over the last 12 months

$10.4M

What Bullfrog AI Holdings told the SEC

…results differ from management’s estimates, the Company may need to seek additional capital sooner than expected. This risk, as well as other factors, raise substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon us utilizing the financing facilities available to us or obtaining necessary additional financing or revenues to meet our…

BULLFROG AI HOLDINGS, INC., Form 10-Q, filed 14 May 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • 63.9% share-count increase The company issued stock. Each share now owns 39.0% less of the business than a year ago, before any change in the price.

Other Biotech/Pharma companies that filed the doubt