Bolt Projects Holdings Financials
Bolt Projects Holdings (BSLKW) reported $1.4M in revenue for fiscal year 2024, down 60.1% from the prior fiscal year. This page shows its 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).
BSLKW’s cash needs come from operating overhead, while minimal capex and financing-dependent liquidity define the model.
Year over year, gross margin moved from-40.8% to-6.8% even as sales shrank, which suggests the product-level economics became less punitive but commercial scale worsened. Because free cash flow nearly matched operating cash flow and capex was only$23K , cash use is being driven by running the organization rather than by building long-lived assets, an asset-light profile that is still not self-funding.
Liquidity got less tight: cash ended the year at
Cost structure is commercial-heavy: SG&A reached
Financial Health Signals
Bolt Projects Holdings does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Bolt Projects Holdings passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Bolt Projects Holdings reported an operating loss of $41.6M against $1.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Bolt Projects Holdings generated $1.4M in revenue in fiscal year 2024. This represents a decrease of 60.1% from the prior year.
Bolt Projects Holdings'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 earned -$4.14 per diluted share (EPS) in fiscal year 2024.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Bolt Projects Holdings recorded an outflow of $16.2M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents an increase of 46.4% from the prior year.
Bolt Projects Holdings held $3.5M in cash against $13.2M in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Bolt Projects Holdings'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.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Capital Allocation
Bolt Projects Holdings 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 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.
Not reported for fiscal year 2024.
BSLKW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Revenue | $3.1M | $1.4M-60.1% | $3.4M | N/A | N/A |
| Cost of Revenue | $3.0M | $1.5M-69.7% | $4.8M | N/A | N/A |
| Gross Profit | $101K | -$93K+93.4% | -$1.4M | N/A | N/A |
| R&D Expenses | $3.4M | $6.2M-35.2% | $9.6M | N/A | N/A |
| SG&A Expenses | $17.1M | $33.3M+77.4% | $18.8M | N/A | N/A |
| Operating Income | -$21.1M | -$41.6M-20.1% | -$34.6M-2477.2% | -$1.3M-31.4% | -$1.0M |
| Interest Expense | $1.5M | $1.5M-57.1% | $3.5M+302.2% | $871K | N/A |
| Income Tax | $0 | $0 | $0-100.0% | $760K | N/A |
| Net Income | N/A | N/A | -$57.7M-686.2% | $9.8M+86.9% | $5.3M |
| EPS (Diluted) | — | -$4.14 | -$7.75 | N/A | N/A |
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BSLKW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|
| Total Assets | $12.2M-49.6% | $24.3M-91.7% | $291.1M+1.0% | $288.2M |
| Current Assets | $8.7M+87.0% | $4.7M+1009.6% | $421K-41.4% | $719K |
| Cash & Equivalents | $3.5M+292.8% | $894K-96.1% | $22.9M+6155.1% | $367K |
| Inventory | $1.8M+648.9% | $235K | N/A | N/A |
| Accounts Receivable | $870K | $0 | N/A | N/A |
| Total Liabilities | $20.8M-84.8% | $136.8M-77.6% | $609.5M+99.6% | $305.3M |
| Current Liabilities | $6.8M-74.9% | $27.3M+4549.2% | $587K+26.7% | $463K |
| Long-Term Debt | $13.2M-1.2% | $13.3M | N/A | N/A |
| Total Equity | -$8.6M+92.3% | -$112.5M+64.7% | -$318.4M-1764.9% | -$17.1M |
| Retained Earnings | -$461.8M-16.5% | -$396.4M-3830.2% | -$10.1M+40.9% | -$17.1M |
Not reported in any period shown, so not listed: Goodwill.
BSLKW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$5.3M | -$16.1M+44.7% | -$29.2M-1673.9% | -$1.6M-56.5% | -$1.1M |
| Capital Expenditures | $13K | $23K-97.6% | $962K | N/A | N/A |
| Free Cash Flow | -$5.4M | -$16.2M+46.4% | -$30.2M | N/A | N/A |
| Investing Cash Flow | -$13K | -$23K+96.6% | -$678K-177.8% | $871K+100.3% | -$287.5M |
| Financing Cash Flow | $3.7M | $18.8M+238.9% | $5.6M+631.7% | $759K-99.7% | $288.9M |
| Dividends Paid | N/A | N/A | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BSLKW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|
| Gross Margin | -6.8%+34.1pp | -40.8% | N/A | N/A |
| Operating Margin | -3030.4% | -1006.5% | N/A | N/A |
| Net Margin | N/A | -1677.4% | N/A | N/A |
| Return on Assets | N/A | -237.8%-241.2pp | 3.4%+1.5pp | 1.8% |
| Current Ratio | 1.28+1.1x | 0.17-0.5x | 0.72-0.8x | 1.55 |
| FCF Margin | -1177.7% | -877.3% | N/A | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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.
Where Bolt Projects Holdings Ranks
Frequently Asked Questions
What is Bolt Projects Holdings's annual revenue?
Bolt Projects Holdings (BSLKW) 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's revenue growing?
Bolt Projects Holdings (BSLKW) revenue declined by 60.1% year-over-year, from $3.4M to $1.4M in fiscal year 2024.
What is Bolt Projects Holdings's EBITDA?
Bolt Projects Holdings (BSLKW) had EBITDA of -$41.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bolt Projects Holdings have?
As of fiscal year 2024, Bolt Projects Holdings (BSLKW) had $3.5M in cash and equivalents against $13.2M in long-term debt.
What is Bolt Projects Holdings's gross margin?
Bolt Projects Holdings (BSLKW) 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's free cash flow?
Bolt Projects Holdings (BSLKW) recorded an outflow of $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's operating cash flow?
Bolt Projects Holdings (BSLKW) recorded an outflow of $16.1M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Bolt Projects Holdings's total assets?
Bolt Projects Holdings (BSLKW) had $12.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Bolt Projects Holdings's capital expenditures?
Bolt Projects Holdings (BSLKW) invested $23K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Bolt Projects Holdings spend on research and development?
Bolt Projects Holdings (BSLKW) invested $6.2M in research and development during fiscal year 2024.
What is Bolt Projects Holdings's current ratio?
Bolt Projects Holdings (BSLKW) had a current ratio of 1.28 as of fiscal year 2024, which is considered adequate.
What is Bolt Projects Holdings's cash runway?
Based on fiscal year 2024 data, Bolt Projects Holdings (BSLKW) 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's debt-to-equity ratio negative or not reported?
Bolt Projects Holdings (BSLKW) has negative shareholder equity of -$8.6M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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's Piotroski F-Score?
Bolt Projects Holdings (BSLKW) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Can Bolt Projects Holdings cover its interest payments?
Bolt Projects Holdings (BSLKW) reported an operating loss of $41.6M against $1.5M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.