The firm's financial position is highly vulnerable, evidenced by a total debt of $12.9M that exceeds its total assets of $11.1M as of 2025Q3.
| Total Current Assets | 7.26M | 8.73M | 4.67M | 26.12M | 62.56M |
| Cash & Short-Term Investments | - | - | - | - | - |
| Cash Only | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - |
| Inventory | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 680K | 1.35M | 1.93M | 0 | 0 |
| Total Non-Current Assets | 3.87M | 3.5M | 19.6M | 51.72M | 42.3M |
| Property, Plant & Equipment | 30K | 21K | 0 | 39.94M | 39.52M |
| Fixed Asset Turnover | 108.14x | 65.38x | - | 0.01x | 0.01x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - |
| Total Assets | 11.13M | 12.23M | 24.27M | 77.84M | 104.86M |
| Asset Turnover | 0.32x | 0.11x | 0.14x | 0.00x | 0.00x |
| Asset Growth % | -41.18% | -49.62% | -68.81% | -25.77% | - |
| Total Current Liabilities | 10.59M | 6.84M | 27.29M | 5.54M | 8.03M |
| Accounts Payable | 2.28M | 413K | 1.79M | 969K | 1.26M |
| Days Payables Outstanding | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 17.74M | 0 | 2.85M |
| Deferred Revenue (Current) | 0 | - | - | - | - |
| Other Current Liabilities | 7.75M | 0 | 6.35M | 0 | 0 |
| Current Ratio | 0.69x | 1.28x | 0.17x | 4.72x | 7.79x |
| Quick Ratio | 0.69x | 1.28x | 0.17x | 4.72x | 7.79x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 13.29M | 14M | 109.53M | 390.72M | 364.87M |
| Long-Term Debt | 12.91M | 13.19M | 13.34M | 29.75M | 0 |
| Capital Lease Obligations | 0 | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 23.88M | 20.84M | 136.81M | 396.26M | 372.9M |
| Total Debt | 12.91M | 13.19M | 33.53M | 54.73M | 29.1M |
| Net Debt | 8.17M | 9.67M | 32.63M | 31.79M | -27.94M |
| Debt / Equity | -1.01x | - | - | - | - |
| Debt / EBITDA | -0.65x | - | - | - | - |
| Net Debt / EBITDA | -0.41x | - | - | - | - |
| Interest Coverage | -14.88x | -42.48x | -15.48x | -55.57x | -4.85x |
| Total Equity | -12.75M | -8.61M | -112.54M | -318.42M | -268.04M |
| Equity Growth % | -66.62% | 92.35% | 64.66% | -18.8% | - |
| Book Value per Share | -4.61 | -10.91 | -142.58 | -403.40 | -339.58 |
| Total Shareholders' Equity | -12.75M | -8.61M | -112.54M | -318.42M | -268.04M |
| Common Stock | 0 | 4K | 0 | 1K | 1K |
| Retained Earnings | -479.82M | -461.8M | -396.41M | -338.69M | -286.99M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 26K | 19K | -14K | 7K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Imminent Liquidity and Solvency
As reported in recent financial statements, BSLKW's equity position has deteriorated into a deep deficit of $12.7M as of 2025Q3, reflecting a persistent inability to generate retained earnings while the company's total asset base has shrunk significantly from its 2022 levels of $77.8M.
The consistent decline in net equity suggests that the company is effectively consuming its capital base to fund ongoing operating losses. This trajectory indicates that the business model has yet to achieve the scale necessary to stabilize its financial position, leaving the balance sheet increasingly fragile.
Based on the company's reported figures, the current ratio stands at a precarious 0.69 as of 2025Q3, with cash reserves of only $4.7M, which appears insufficient to cover the company's ongoing operational burn rate without immediate and potentially dilutive external capital injections.
The volatility in the current ratio, which has swung from 4.72 in 2022 to as low as 0.02 in 2024, highlights a lack of predictable liquidity management. Investors should monitor the company's ability to secure financing, as the current cash buffer provides minimal protection against operational shocks.
According to recent SEC filings, BSLKW carries $12.9M in total debt as of 2025Q3, a figure that significantly outweighs the company's total assets of $11.1M, creating a technical insolvency risk that complicates any potential restructuring or future capital-raising efforts for the firm.
The presence of substantial debt on a balance sheet with negative equity suggests that the company's leverage is driven by necessity rather than strategic growth. This debt load likely restricts management's flexibility and increases the risk of default if revenue generation does not improve rapidly.
As disclosed in financial statements, the company's net PPE has dwindled to a negligible $30.0K, which may indicate that the firm has either abandoned its internal manufacturing ambitions or is failing to maintain the physical infrastructure required to support its bio-engineered protein production.
The near-total absence of meaningful tangible assets suggests that the company's value is almost entirely tied to intangible IP, which is notoriously difficult to monetize during a liquidity crisis. This lack of hard assets limits the potential for asset-backed financing and heightens the risk of total loss for stakeholders.
Quick answers to the most common questions about buying BSLKW stock.
As of 2024, Bolt Projects Holdings, Inc. (BSLKW) had total assets of $12.2M including $8.7M in current assets.
Bolt Projects Holdings, Inc. (BSLKW) carries total debt of $13.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Bolt Projects Holdings, Inc. (BSLKW) has total shareholders' equity (book value) of $-8.6M ($-10.91 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Bolt Projects Holdings, Inc. (BSLKW) reported a current ratio of 1.28x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.