Bolt Projects Holdings Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Bolt Projects Holdings Inc has an operating margin of -3030.4%, meaning the company retains $-3030 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1006.5% the prior year.
Bolt Projects Holdings Inc's revenue declined 60.1% year-over-year, from $3.4M to $1.4M. This contraction results in a growth score of 0/100.
Bolt Projects Holdings Inc's current ratio of 1.28 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.
While Bolt Projects Holdings Inc generated -$16.1M in operating cash flow, capex of $23K consumed most of it, leaving -$16.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Bolt Projects Holdings Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Bolt Projects Holdings Inc generates $0.25 in operating cash flow (-$16.1M OCF vs -$65.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Bolt Projects Holdings Inc earns $-27.7 in operating income for every $1 of interest expense (-$41.6M vs $1.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Bolt Projects Holdings Inc (BSLK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Bolt Projects Holdings Inc generated $1.4M in revenue in fiscal year 2024. This represents a decrease of 60.1% from the prior year.
Bolt Projects Holdings Inc's EBITDA was -$41.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 24.0% from the prior year.
Bolt Projects Holdings Inc generated -$16.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 46.4% from the prior year.
Bolt Projects Holdings Inc reported -$65.4M in net income in fiscal year 2024. This represents a decrease of 13.3% from the prior year.
Bolt Projects Holdings Inc earned $-4.14 per diluted share (EPS) in fiscal year 2024. This represents an increase of 46.6% from the prior year.
Bolt Projects Holdings Inc held $3.5M in cash against $13.2M in long-term debt as of fiscal year 2024.
Bolt Projects Holdings Inc had 2M shares outstanding in fiscal year 2024. This represents a decrease of 48.6% from the prior year.
Bolt Projects Holdings Inc's gross margin was -6.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 34.1 percentage points from the prior year.
Bolt Projects Holdings Inc's operating margin was -3030.4% in fiscal year 2024, reflecting core business profitability. This is down 2024.0 percentage points from the prior year.
Bolt Projects Holdings Inc's net profit margin was -4762.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3085.4 percentage points from the prior year.
Bolt Projects Holdings Inc invested $6.2M in research and development in fiscal year 2024. This represents a decrease of 35.2% from the prior year.
Bolt Projects Holdings Inc invested $23K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 97.6% from the prior year.
BSLK Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $370K-71.6% | $1.3M+661.4% | $171K-86.8% | $1.3M+2208.9% | $56K+194.7% | $19K | N/A | $1.3M |
| Cost of Revenue | $312K-74.8% | $1.2M+620.9% | $172K-86.9% | $1.3M+1442.4% | $85K+30.8% | $65K | N/A | $1.3M |
| Gross Profit | $58K-6.5% | $62K+6300.0% | -$1K+94.4% | -$18K+37.9% | -$29K+37.0% | -$46K | N/A | $35K |
| R&D Expenses | $420K-39.1% | $690K-25.4% | $925K-33.2% | $1.4M+42.6% | $971K+135.1% | $413K | N/A | $844K |
| SG&A Expenses | $3.9M-2.8% | $4.0M-8.0% | $4.4M-10.2% | $4.8M-43.2% | $8.5M+79.8% | $4.8M | N/A | $4.0M |
| Operating Income | -$4.4M+9.4% | -$4.8M+10.8% | -$5.4M+17.2% | -$6.5M+32.1% | -$9.6M-82.2% | -$5.3M | N/A | -$5.1M |
| Interest Expense | $320K+1.9% | $314K-2.2% | $321K-44.1% | $574K+60.8% | $357K+24.4% | $287K | N/A | $902K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | N/A | $34K |
| Net Income | -$7.5M-63.2% | -$4.6M+23.1% | -$6.0M+4.8% | -$6.3M+89.4% | -$58.9M-793.7% | -$6.6M | N/A | -$5.6M |
| EPS (Diluted) | $-2.70-22.7% | $-2.20+26.7% | $-3.00-101.1% | $269.88+207.0% | $-252.21-793.7% | $-28.22 | N/A | $-1.80 |
BSLK Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.1M+63.5% | $6.8M-22.2% | $8.8M-28.4% | $12.2M+87.2% | $6.5M+0.2% | $6.5M-73.1% | $24.3M+8.2% | $22.4M |
| Current Assets | $7.3M+128.1% | $3.2M-37.2% | $5.1M-42.0% | $8.7M+5069.7% | $169K-33.1% | $252K-94.6% | $4.7M+2684.2% | $168K |
| Cash & Equivalents | $4.7M+387.2% | $974K-1.0% | $984K-72.0% | $3.5M+12155.3% | $29K-96.7% | $880K-1.6% | $894K+163.7% | $339K |
| Inventory | $1.0M+190.5% | $346K-78.2% | $1.6M-9.8% | $1.8M | N/A | N/A | $235K | N/A |
| Accounts Receivable | $167K-76.0% | $697K-29.8% | $993K+14.1% | $870K | N/A | N/A | $0 | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $23.9M+8.7% | $22.0M+3.7% | $21.2M+1.7% | $20.8M-88.7% | $184.4M+46.9% | $125.5M-8.2% | $136.8M-65.0% | $390.3M |
| Current Liabilities | $10.6M+21.5% | $8.7M+20.7% | $7.2M+5.6% | $6.8M-4.1% | $7.1M+6.3% | $6.7M-75.4% | $27.3M+857.8% | $2.8M |
| Long-Term Debt | $12.9M-0.8% | $13.0M-0.7% | $13.1M-0.7% | $13.2M | N/A | N/A | $13.3M | N/A |
| Total Equity | -$12.7M+15.9% | -$15.2M-21.9% | -$12.4M-44.4% | -$8.6M+95.2% | -$177.8M-49.4% | -$119.0M-5.8% | -$112.5M+69.4% | -$367.9M |
| Retained Earnings | -$479.8M-1.6% | -$472.3M-1.0% | -$467.8M-1.3% | -$461.8M-2304.9% | -$19.2M+1.2% | -$19.4M+95.1% | -$396.4M-2876.8% | -$13.3M |
BSLK Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $301K+177.4% | -$389K+84.2% | -$2.5M+11.4% | -$2.8M+1.5% | -$2.8M+37.7% | -$4.5M+11.1% | -$5.1M+77.7% | -$22.9M |
| Capital Expenditures | $1K+150.0% | -$2K-114.3% | $14K | $0 | $0-100.0% | $13K+44.4% | $9K | N/A |
| Free Cash Flow | $300K+176.7% | -$391K+84.2% | -$2.5M+10.9% | -$2.8M+1.5% | -$2.8M+37.9% | -$4.5M+11.0% | -$5.1M | N/A |
| Investing Cash Flow | -$1K-150.0% | $2K+114.3% | -$14K | $0 | $0+100.0% | -$13K-44.4% | -$9K+100.0% | -$272.2M |
| Financing Cash Flow | $3.5M+820.7% | $377K+902.1% | -$47K+66.2% | -$139K-101.2% | $11.8M+159.9% | $4.5M-98.4% | $275.8M | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $16.3M | $0 |
BSLK Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.7%+10.9pp | 4.8%+5.3pp | -0.6%+0.8pp | -1.4%+50.4pp | -51.8%+190.3pp | -242.1% | N/A | 2.7% |
| Operating Margin | -1179.5%-809.5pp | -370.0%+2787.9pp | -3157.9%-2653.5pp | -504.4%+16652.7pp | -17157.1%+10590.2pp | -27747.4% | N/A | -397.5% |
| Net Margin | -2021.1%-1669.1pp | -352.0%+3132.8pp | -3484.8%-3000.7pp | -484.1%+104751.6pp | -105235.7%-70530.4pp | -34705.3% | N/A | -430.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -67.2%+0.1pp | -67.3%+0.7pp | -68.0%-16.8pp | -51.2%+850.6pp | -901.8%-800.7pp | -101.1% | N/A | -24.7% |
| Current Ratio | 0.69+0.3 | 0.37-0.3 | 0.70-0.6 | 1.28+1.3 | 0.02-0.0 | 0.04-0.1 | 0.17+0.1 | 0.06 |
| Debt-to-Equity | -1.01-0.2 | -0.86+0.2 | -1.05+0.5 | -1.53-0.5 | -1.04+0.0 | -1.05-0.9 | -0.12+0.9 | -1.06 |
| FCF Margin | 81.1%+111.1pp | -30.0%+1420.9pp | -1450.9%-1235.6pp | -215.3%+4831.1pp | -5046.4%+18895.7pp | -23942.1% | N/A | N/A |
Note: Shareholder equity is negative (-$8.6M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Bolt Projects Holdings Inc's annual revenue?
Bolt Projects Holdings Inc (BSLK) reported $1.4M in total revenue for fiscal year 2024. This represents a -60.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bolt Projects Holdings Inc's revenue growing?
Bolt Projects Holdings Inc (BSLK) revenue declined by 60.1% year-over-year, from $3.4M to $1.4M in fiscal year 2024.
Is Bolt Projects Holdings Inc profitable?
No, Bolt Projects Holdings Inc (BSLK) reported a net income of -$65.4M in fiscal year 2024, with a net profit margin of -4762.8%.
What is Bolt Projects Holdings Inc's earnings per share (EPS)?
Bolt Projects Holdings Inc (BSLK) reported diluted earnings per share of $-4.14 for fiscal year 2024. This represents a 46.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Bolt Projects Holdings Inc's EBITDA?
Bolt Projects Holdings Inc (BSLK) had EBITDA of -$41.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bolt Projects Holdings Inc have?
As of fiscal year 2024, Bolt Projects Holdings Inc (BSLK) had $3.5M in cash and equivalents against $13.2M in long-term debt.
What is Bolt Projects Holdings Inc's gross margin?
Bolt Projects Holdings Inc (BSLK) had a gross margin of -6.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Bolt Projects Holdings Inc's operating margin?
Bolt Projects Holdings Inc (BSLK) had an operating margin of -3030.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Bolt Projects Holdings Inc's net profit margin?
Bolt Projects Holdings Inc (BSLK) had a net profit margin of -4762.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Bolt Projects Holdings Inc's free cash flow?
Bolt Projects Holdings Inc (BSLK) generated -$16.2M in free cash flow during fiscal year 2024. This represents a 46.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bolt Projects Holdings Inc's operating cash flow?
Bolt Projects Holdings Inc (BSLK) generated -$16.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Bolt Projects Holdings Inc's total assets?
Bolt Projects Holdings Inc (BSLK) had $12.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Bolt Projects Holdings Inc's capital expenditures?
Bolt Projects Holdings Inc (BSLK) invested $23K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Bolt Projects Holdings Inc spend on research and development?
Bolt Projects Holdings Inc (BSLK) invested $6.2M in research and development during fiscal year 2024.
How many shares does Bolt Projects Holdings Inc have outstanding?
Bolt Projects Holdings Inc (BSLK) had 2M shares outstanding as of fiscal year 2024.
What is Bolt Projects Holdings Inc's current ratio?
Bolt Projects Holdings Inc (BSLK) had a current ratio of 1.28 as of fiscal year 2024, which is considered adequate.
What is Bolt Projects Holdings Inc's debt-to-equity ratio?
Bolt Projects Holdings Inc (BSLK) had a debt-to-equity ratio of -1.53 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bolt Projects Holdings Inc's return on assets (ROA)?
Bolt Projects Holdings Inc (BSLK) had a return on assets of -534.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Bolt Projects Holdings Inc's cash runway?
Based on fiscal year 2024 data, Bolt Projects Holdings Inc (BSLK) had $3.5M in cash against an annual operating cash burn of $16.1M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Bolt Projects Holdings Inc's debt-to-equity ratio negative or unusual?
Bolt Projects Holdings Inc (BSLK) has negative shareholder equity of -$8.6M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Bolt Projects Holdings Inc's Piotroski F-Score?
Bolt Projects Holdings Inc (BSLK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bolt Projects Holdings Inc's earnings high quality?
Bolt Projects Holdings Inc (BSLK) has an earnings quality ratio of 0.25x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bolt Projects Holdings Inc cover its interest payments?
Bolt Projects Holdings Inc (BSLK) has an interest coverage ratio of -27.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Bolt Projects Holdings Inc?
Bolt Projects Holdings Inc (BSLK) scores 8 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.