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BOLT logoBolt Biotherapeutics, Inc.(BOLT)Earnings, Financials & Key Ratios

BOLT•NASDAQ
$4.59
$9M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryOncology Therapeutics Developers
AboutBolt Biotherapeutics, Inc., a clinical-stage biotechnology company, engages in the development of immuno-oncology agents to target tumor cells for elimination by the immune system. The company is developing BDC-1001, a human epidermal growth factor receptor 2 (HER2), which is in Phase I/II clinical trial for the treatment of patients with HER2-expressing solid tumors, including HER2-low tumors; BDC-2034, a carcinoembryonic antigen program for colorectal, non-small cell lung, pancreatic, and breast cancers; and BDC-3042, a Dectin-2 agonist antibody program developed to repolarize critical cells in the tumor microenvironment by targeting cell-surface receptors on macrophages. It is also developing programmed cell death-ligand 1 program for tumors that are nonresponsive to immune checkpoint blockade. The company was formerly known as Bolt Therapeutics, Inc. and changed its name to Bolt Biotherapeutics, Inc. in July 2015. Bolt Biotherapeutics, Inc. was incorporated in 2015 and is headquartered in Redwood city, California.Show more
  • Revenue$8M
  • EBITDA-$36M+49.3%
  • Net Income-$33M+47.1%
  • EPS (Diluted)-17.85-981.8%
  • EBITDA Margin-469.3%+49.4%
  • Operating Margin-469.3%+50.6%
  • Net Margin-433.74%+47.2%
  • ROE-79.75%-7.4%
  • ROIC-47.95%+13.6%
  • Debt/Equity0.87+96.5%
Technical→

BOLT Key Insights

Bolt Biotherapeutics, Inc. (BOLT) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 101.6%
  • ✓Share count reduced 95.1% through buybacks
  • ✓Trading at only 0.3x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BOLT Price & Volume

Bolt Biotherapeutics, Inc. (BOLT) stock price & volume — 10-year historical chart

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BOLT Growth Metrics

Bolt Biotherapeutics, Inc. (BOLT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years101.61%
3 Years10.33%
TTM0.07%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM47.12%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-645.78%

Return on Capital

10 Years-74.35%
5 Years-51.79%
3 Years-54.82%
Last Year-54.68%

BOLT Recent Earnings

Bolt Biotherapeutics, Inc. (BOLT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Mar 12, 2026
EPS
$3.84
Est $6.11
+37.1%
Revenue
$3M
Est $666,667
+275.0%
Q4 2025
Nov 12, 2025
EPS
$3.72
Est $5.07
+26.6%
Revenue
$2M
Est $820,800
+164.3%
Q3 2025
Aug 14, 2025
EPS
$4.46
Est $6.40
+30.3%
Revenue
$2M
Est $845,800
+113.3%
Q2 2025
May 12, 2025
EPS
$5.80
Est $6.80
+14.7%
Revenue
$1M
Est $767,500
+59.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 12, 2026
$3.84vs $6.11+37.1%
$3Mvs $666,667+275.0%
Q4 2025Nov 12, 2025
$3.72vs $5.07+26.6%
$2Mvs $820,800+164.3%
Q3 2025Aug 14, 2025
$4.46vs $6.40+30.3%
$2Mvs $845,800+113.3%
Q2 2025May 12, 2025
$5.80vs $6.80+14.7%
$1Mvs $767,500+59.2%
Based on last 12 quarters of dataView full earnings history →

BOLT Peer Comparison

Bolt Biotherapeutics, Inc. (BOLT) competitors in Oncology Therapeutics Developers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
RCUS logoRCUSArcus Biosciences, Inc.Direct Competitor2.62B26.00-7.90-4.26%-156.36%-68.97%0.16
AGEN logoAGENAgenus Inc.Direct Competitor137.4M3.89-1144.1210.37%0.1%
IMVT logoIMVTImmunovant, Inc.Direct Competitor5.83B28.67-10.50-47.07%0.00
TGTX logoTGTXTG Therapeutics, Inc.Direct Competitor6.7B41.9715.1587.32%65.95%87.36%0.40
SNDX logoSNDXSyndax Pharmaceuticals, Inc.Product Competitor1.82B20.65-6.286.28%-112.01%-256.66%5.36
NKTR logoNKTRNektar TherapeuticsProduct Competitor1.67B85.09-8.75-43.89%-192.87%-356.81%0.95
FATE logoFATEFate Therapeutics, Inc.Product Competitor264.17M2.29-1.99-51.24%-20.51%-65.79%0.38
ALNY logoALNYAlnylam Pharmaceuticals, Inc.Product Competitor40.43B303.00130.0465.19%13.46%98.29%1.62

Compare BOLT vs Peers

Bolt Biotherapeutics, Inc. (BOLT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RCUS

Most directly comparable listed peer for BOLT.

Scale Benchmark

vs ABBV

Larger-name benchmark to compare BOLT against a more recognizable public peer.

Peer Set

Compare Top 5

vs RCUS, AGEN, IMVT, TGTX

BOLT Income Statement

Bolt Biotherapeutics, Inc. (BOLT) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue0215K231K1.26M5.73M7.88M7.69M7.7M
Revenue Growth %--7.44%445.45%354.68%37.48%-2.36%0.07%
Cost of Goods Sold302K040.36M75.66M73.12M61.54M00
COGS % of Revenue--17470.56%6004.37%1276.37%781.39%--
Gross Profit
-302K▲ 0%
215K▲ 171.2%
-40.13M▼ 18763.3%
-74.39M▼ 85.4%
-67.39M▲ 9.4%
-53.67M▲ 20.4%
7.69M▲ 114.3%
0▼ 100.0%
Gross Margin %-100%-17370.56%-5904.37%-1176.37%-681.39%100%-
Gross Profit Growth %-171.19%-18763.26%-85.4%9.41%20.37%114.33%-100%
Operating Expenses11.63M31.18M9.06M18.39M22.93M22.53M80.74M43.81M
OpEx % of Revenue-14504.19%3920.35%1459.76%400.19%286.06%1049.91%569.3%
Selling, General & Admin2.21M5.18M9.06M18.39M22.93M22.53M18.46M13.79M
SG&A % of Revenue-2410.23%3920.35%1459.76%400.19%286.06%240.01%179.27%
Research & Development9.42M26M40.36M75.66M73.12M61.54M57.47M28.53M
R&D % of Revenue-12093.95%17470.56%6004.37%1276.37%781.39%747.32%370.8%
Other Operating Expenses-153K0-40.36M-75.66M-73.12M-61.54M4.81M1.48M
Operating Income
-11.63M▲ 0%
-30.97M▼ 166.3%
-49.18M▼ 58.8%
-92.79M▼ 88.7%
-90.32M▲ 2.7%
-76.2M▲ 15.6%
-73.05M▲ 4.1%
-36.11M▲ 50.6%
Operating Margin %--14404.19%-21290.91%-7364.13%-1576.56%-967.45%-949.91%-469.3%
Operating Income Growth %--166.31%-58.81%-88.66%2.66%15.64%4.13%50.56%
EBITDA-11.33M-30.63M-48.57M-91.59M-88.66M-74.34M-71.27M-36.11M
EBITDA Margin %--14248.37%-21026.41%-7269.44%-1547.48%-943.91%-926.75%-469.3%
EBITDA Growth %--170.45%-58.55%-88.58%3.21%16.14%4.14%49.33%
D&A (Non-Cash Add-back)302K335K611K1.19M1.67M1.85M1.78M0
EBIT-11.59M-30.97M-49.18M-92.79M-90.32M-76.2M-68.24M0
Net Interest Income0524K199K281K2.22M7M5.25M0
Interest Income193K524K199K281K2.22M7M5.25M0
Interest Expense00000000
Other Income/Expense40K482K-11.55M-5.8M2.22M7M9.93M2.74M
Pretax Income
-11.59M▲ 0%
-30.49M▼ 163.1%
-60.73M▼ 99.2%
-98.59M▼ 62.3%
-88.1M▲ 10.6%
-69.2M▲ 21.5%
-63.12M▲ 8.8%
-33.38M▲ 47.1%
Pretax Margin %--14180%-26289.18%-7824.68%-1537.76%-878.58%-820.78%-433.74%
Income Tax40K0000000
Effective Tax Rate %-0.35%0%0%0%0%0%0%0%
Net Income
-11.59M▲ 0%
-30.49M▼ 163.1%
-60.73M▼ 99.2%
-98.59M▼ 62.3%
-88.1M▲ 10.6%
-69.2M▲ 21.5%
-63.12M▲ 8.8%
-33.38M▲ 47.1%
Net Margin %--14180%-26289.18%-7824.68%-1537.76%-878.58%-820.78%-433.74%
Net Income Growth %--163.07%-99.19%-62.35%10.64%21.45%8.79%47.12%
Net Income (Continuing)-11.59M-30.49M-60.73M-98.59M-88.1M-69.2M-63.12M-33.38M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)
-5.96▲ 0%
-3.75▲ 37.1%
-1.99▲ 46.9%
-2.79▼ 40.2%
-2.30▲ 17.6%
-1.83▲ 20.4%
-1.65▲ 9.8%
-17.85▼ 981.8%
EPS Growth %-37.08%46.93%-40.2%17.56%20.43%9.84%-981.82%
EPS (Basic)-5.96-3.75-1.99-2.79-2.30-1.83-1.65-17.85
Diluted Shares Outstanding1.94M8.01M36.25M37.4M37.36M37.81M38.18M1.87M
Basic Shares Outstanding1.94M8.01M36.25M37.4M37.36M37.81M38.18M1.87M
Dividend Payout Ratio--------

BOLT Balance Sheet

Bolt Biotherapeutics, Inc. (BOLT) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets14.1M35.9M25.36M189.16M172.75M105.71M50.81M30.26M
Cash & Short-Term Investments13.63M34.83M22.84M186.22M168.89M102.19M47.32M27.5M
Cash Only13.63M34.83M5.54M27.38M9.24M10.81M7.21M11.7M
Short-Term Investments0017.3M158.84M159.64M91.38M40.12M15.8M
Accounts Receivable0300K0200K001.17M0
Days Sales Outstanding-509.3-57.94--55.3-
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets0002.74M3.86M3.52M1.29M2.75M
Total Non-Current Assets1.88M12.55M21.18M118.56M55.06M54.08M48.82M26.49M
Property, Plant & Equipment1.44M11.52M16.38M30.6M28.52M24.08M24.89M20.48M
Fixed Asset Turnover-0.02x0.01x0.04x0.20x0.33x0.31x0.38x
Goodwill00000000
Intangible Assets00000000
Long-Term Investments0584K086.91M23.94M26.41M22.88M4.34M
Other Non-Current Assets433K446K4.8M1.04M2.59M3.59M1.04M1.68M
Total Assets
15.97M▲ 0%
48.45M▲ 203.3%
46.54M▼ 3.9%
307.72M▲ 561.2%
227.81M▼ 26.0%
159.78M▼ 29.9%
99.63M▼ 37.6%
56.75M▼ 43.0%
Asset Turnover-0.00x0.00x0.00x0.03x0.05x0.08x0.14x
Asset Growth %-203.27%-3.93%561.16%-25.97%-29.86%-37.65%-43.04%
Total Current Liabilities2.75M8.66M11.26M21.33M23.12M20.46M15.86M8.44M
Accounts Payable892K2.1M1.6M3.57M3.59M2.99M1.51M1.44M
Days Payables Outstanding1.08K-14.4517.2417.9417.72--
Short-Term Debt0002.5M0002.83M
Deferred Revenue (Current)0599K1.5M2.87M1.99M2.2M3.02M449K
Other Current Liabilities01.41M3.78M7.5M4.8M6.67M4.2M5.16M
Current Ratio5.12x4.15x2.25x8.87x7.47x5.17x3.20x3.59x
Quick Ratio5.12x4.15x2.25x8.87x7.47x5.17x3.20x3.59x
Cash Conversion Cycle--------
Total Non-Current Liabilities29.16M85.64M140.22M36.27M33.18M26.59M26.58M21.81M
Long-Term Debt000000020.13M
Capital Lease Obligations07.09M9.38M21.85M20.22M17.44M22.96M0
Deferred Tax Liabilities00000000
Other Non-Current Liabilities29.16M77.58M130.85M210K42K43K01.68M
Total Liabilities31.92M94.29M151.49M57.6M56.3M47.04M42.43M30.24M
Total Debt40K10.19M10.88M24.36M22.61M20.22M25.21M22.96M
Net Debt-13.59M-24.64M5.33M-3.03M13.37M9.41M18M11.26M
Debt / Equity---0.10x0.13x0.18x0.44x0.87x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage--------
Total Equity
-15.94M▲ 0%
-45.85M▼ 187.6%
-104.95M▼ 128.9%
250.12M▲ 338.3%
171.51M▼ 31.4%
112.74M▼ 34.3%
57.2M▼ 49.3%
26.5M▼ 53.7%
Equity Growth %--187.56%-128.91%338.33%-31.43%-34.26%-49.27%-53.66%
Book Value per Share-8.20-5.72-2.906.694.592.981.5014.17
Total Shareholders' Equity-15.94M-45.85M-104.95M250.12M171.51M112.74M57.2M26.5M
Common Stock000001K00
Retained Earnings-17.18M-47.67M-108.4M-206.99M-295.09M-364.29M-427.4M-460.78M
Treasury Stock00000000
Accumulated OCI000-321K-919K37K97K0
Minority Interest00000000

BOLT Cash Flow Statement

Bolt Biotherapeutics, Inc. (BOLT) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations-9.87M-26.34M-47.31M-57.07M-76.5M-69.53M-61.29M-39.85M
Operating CF Margin %--12252.56%-20479.65%-4529.05%-1335.38%-882.75%-797%-517.87%
Operating CF Growth %--166.85%-79.58%-20.63%-34.06%9.12%11.85%34.98%
Net Income-11.59M-30.49M-60.73M-98.59M-88.1M-69.2M-63.12M-33.38M
Depreciation & Amortization302K335K611K1.19M1.67M1.85M1.78M1.29M
Stock-Based Compensation123K508K1.42M8.5M9.58M9.22M7.41M2.78M
Deferred Taxes0034K2.76M0000
Other Non-Cash Items153K1.04M13.64M8.56M3.41M-1.54M1.08M-10.55M
Working Capital Changes1.14M2.27M-2.28M20.51M-3.06M-9.86M-8.44M0
Change in Receivables00000000
Change in Inventory00000000
Change in Payables002.88M6.68M2.77M-3.41M0-5.43M
Cash from Investing-290K-508K-20.59M-232.2M57.86M71.04M57.58M44.3M
Capital Expenditures-290K-508K-3.26M-2.34M-1.95M-206K-41K-72K
CapEx % of Revenue-236.28%1412.12%185.56%34.09%2.62%0.53%0.94%
Acquisitions0017.33M229.86M-59.81M0148K0
Investments--------
Other Investing00-17.33M-229.86M59.81M00963K
Cash from Financing19.09M48.63M39.6M311.11M503K253K108K19K
Debt Issued (Net)-39K-40K000000
Equity Issued (Net)01000K1000K1000K503K253K108K0
Dividends Paid00000000
Share Repurchases00000000
Other Financing19.13M0-1.97M000019K
Net Change in Cash
8.93M▲ 0%
21.78M▲ 143.8%
-28.3M▼ 230.0%
21.84M▲ 177.2%
-18.14M▼ 183.1%
1.77M▲ 109.7%
-3.6M▼ 304.1%
4.47M▲ 224.0%
Free Cash Flow
-10.16M▲ 0%
-26.85M▼ 164.2%
-50.57M▼ 88.3%
-59.4M▼ 17.5%
-78.46M▼ 32.1%
-69.73M▲ 11.1%
-61.33M▲ 12.0%
-39.92M▲ 34.9%
FCF Margin %--12488.84%-21891.77%-4714.6%-1369.47%-885.36%-797.53%-518.8%
FCF Growth %--164.23%-88.34%-17.47%-32.07%11.12%12.05%34.91%
FCF per Share-5.23-3.35-1.40-1.59-2.10-1.84-1.61-21.35
FCF Conversion (FCF/Net Income)0.85x0.86x0.78x0.58x0.87x1.00x0.97x1.19x
Interest Paid00000000
Taxes Paid00000000

BOLT Key Ratios

Bolt Biotherapeutics, Inc. (BOLT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)----135.83%-41.79%-48.69%-74.28%-79.75%
Return on Invested Capital (ROIC)----94.37%-31.36%-37.23%-55.52%-47.95%
Gross Margin-100%-17370.56%-5904.37%-1176.37%-681.39%100%-
Net Margin--14180%-26289.18%-7824.68%-1537.76%-878.58%-820.78%-433.74%
Debt / Equity---0.10x0.13x0.18x0.44x0.87x
FCF Conversion0.85x0.86x0.78x0.58x0.87x1.00x0.97x1.19x
Revenue Growth--7.44%445.45%354.68%37.48%-2.36%0.07%

BOLT Frequently Asked Questions

Bolt Biotherapeutics, Inc. (BOLT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Bolt Biotherapeutics, Inc. (BOLT) reported $7.7M in revenue for fiscal year 2025.

Bolt Biotherapeutics, Inc. (BOLT) grew revenue by 0.1% over the past year. Growth has been modest.

Bolt Biotherapeutics, Inc. (BOLT) reported a net loss of $33.4M for fiscal year 2025.

Dividend & Returns

Bolt Biotherapeutics, Inc. (BOLT) has a return on equity (ROE) of -79.7%. Negative ROE indicates the company is unprofitable.

Bolt Biotherapeutics, Inc. (BOLT) had negative free cash flow of $39.9M in fiscal year 2025, likely due to heavy capital investments.

Explore More BOLT

Bolt Biotherapeutics, Inc. (BOLT) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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