Bolt Projects (BSLK) stock rocketed higher on Wednesday after the material solutions company released its Q2 2025 earnings report. A huge catalyst for BSLK stock was the company’s Vegan Silk Technology Platform revenue, which grew twenty-three-fold year-over-year to $1.3 million. This was due to increased demand for its vegan silk.
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Additionally, Bolt Projects stock benefited from positive gross profits in Q2 2025. The company achieved this sooner than it expected. This came alongside $1.2 million in cost of revenue, which allowed it to report a gross profit thanks to reduced material costs and ongoing pricing discipline.
Bolt Projects stock was up 81.65% in pre-market trading on Wednesday, following a 1.87% rally yesterday. However, the company’s shares have fallen 77.39% year-to-date and 98.5% over the past 12 months. Today’s rally came with some 27 million shares traded, compared to a three-month daily average of about 3.89 million units.
Bolt Projects Guidance
Bolt Projects updated its guidance in its latest earnings report, including the addition of gross profit to its outlook. The company expects gross profit of at least $500,000 in 2025 and $1 million in 2026. It also expects a minimum revenue of $4.5 million in 2025 and $9 million in 2026.
Dan Widmaier, Chairman and CEO of Bolt Projects, said, “Lower costs and stronger margins have allowed us to offer sustainable, competitive pricing. A core part of our model is passing some of these savings to customers. As we evaluate 2026 pricing we will look to provide healthy gross margins that support growth while enabling volume expansion.”
Is Bolt Projects Stock a Buy, Sell, or Hold?
Turning to Wall Street, coverage of Bolt Projects is thin. Fortunately, TipRanks’ AI analyst Spark has it covered. Spark rates BSLK stock a Neutral (51) with a $2.50 price target. It cites “severe financial performance challenges, including negative profitability and high leverage” as reasons for this stance.
