Bolt Projects Holdings (BSLK) AI Stock Analysis

• Market Cap: $15.32M
• Dividend Yield: N/A
• Average Volume (3M): 14.07M
• Price to Earnings (P/E): 4.2
• Beta (1Y): 1.27
• Revenue Growth: N/A
• EPS Growth: 71.05%
• Country: US
• Employees: 14
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Shell Companies
• EPS (TTM): -2.20
• Shares Outstanding: 2,061,779
• 10 Day Avg. Volume: 34,161,595
• 30 Day Avg. Volume: 14,072,933
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 6.47
• Enterprise Value/Gross Profit: 416.27
• Enterprise Value/Ebitda: -1.15
• 1Y Price Target: $14.00
• Price Target Upside: 107.41% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 45 Neutral
• Price Target: $14.00 ▲(107.41% Upside)

The overall stock score of 45 reflects significant financial instability and negative profitability, which are major concerns. Technical indicators provide mixed signals, with potential overbought conditions. The negative P/E ratio and lack of dividend yield further weaken the stock's attractiveness.

Bolt Projects Holdings Business Overview & Revenue Model

Company Description

Bolt Projects Holdings, Inc. operates as a material solutions company. The company offers B-SILK PROTEIN, a biodegradable ingredient for the beauty and personal care industry. Its products also include MYLO, a mycelium-based leather material; and MICROSILK, a silk fiber. The company is based in San Francisco, California.

How the Company Makes Money

Bolt Projects Holdings generates revenue through multiple streams, primarily by providing engineering and project management services to clients in the infrastructure and energy sectors. The company earns fees for its consultancy and project execution services, which are often structured as fixed-price contracts or hourly billing arrangements. Additionally, BSLK has established strategic partnerships with key industry players, which allows it to leverage shared resources and expertise, further enhancing its service offerings. The company may also generate income from investments in renewable energy projects, capitalizing on government incentives and increasing demand for sustainable energy solutions.

Bolt Projects Holdings Financial Statement Overview

Summary

Bolt Projects Holdings faces significant financial challenges with declining revenues, negative profitability, and high leverage. The negative equity and reliance on external financing highlight financial instability. Immediate strategic actions are required to improve operational efficiency and financial health.

Income Statement

Bolt Projects Holdings has experienced declining revenues and negative profitability over the years. The gross profit margin is negative, indicating that the cost of goods sold exceeds revenue. Net income has consistently been negative, and the EBIT and EBITDA margins are also negative, reflecting operational challenges and inefficiencies.

Balance Sheet

The company has a negative stockholders' equity, indicating more liabilities than assets, which is a significant financial risk. The debt-to-equity ratio is not calculable due to negative equity, but the high total liabilities relative to assets suggest high leverage. The equity ratio is negative, further highlighting financial instability.

Cash Flow

Cash flow from operations is negative, and free cash flow is consistently negative, indicating cash outflows exceed inflows. The company relies on financing activities to sustain operations, which may not be sustainable long-term. The operating cash flow to net income ratio is negative, reflecting poor cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.77M	1.37M	3.44M	346.00K	305.00K
Gross Profit	43.00K	-93.00K	-1.41M	-388.00K	-575.00K
EBITDA	-15.59M	-63.89M	-52.08M	-51.40M	-27.62M
Net Income	-16.80M	-65.39M	-57.72M	-51.70M	-38.50M
Balance Sheet
Total Assets	6.81M	12.23M	24.27M	77.84M	104.86M
Cash, Cash Equivalents and Short-Term Investments	974.00K	3.51M	894.00K	22.93M	57.04M
Total Debt	13.01M	13.19M	33.53M	54.73M	29.10M
Total Liabilities	21.97M	20.84M	136.81M	396.26M	372.90M
Stockholders Equity	-15.16M	-8.61M	-112.54M	-318.42M	-268.04M
Cash Flow
Free Cash Flow	-5.65M	-16.17M	-30.19M	-63.97M	-48.52M
Operating Cash Flow	-5.64M	-16.15M	-29.23M	-55.88M	-36.11M
Investing Cash Flow	-12.00K	-23.00K	-678.00K	-8.09M	8.52M
Financing Cash Flow	191.00K	18.81M	5.55M	29.83M	69.41M

Bolt Projects Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BSLK, the sentiment is Positive. The current price of 6.75 is above the 20-day moving average (MA) of 5.55, above the 50-day MA of 3.74, and above the 200-day MA of 5.99, indicating a bullish trend. The MACD of 1.38 indicates Negative momentum. The RSI at 53.96 is Neutral, neither overbought nor oversold. The STOCH value of 24.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BSLK.

Bolt Projects Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.31B	6.16	0.75%	2.94%	3.30%	-36.34%
BSLK	45 Neutral	$15.32M	4.18	199.77%	―	―	71.05%
MSSAF	―	$43.58M	192.33	-1.00%	―	―	―
DNQAF	―	$31.53M	―	-9.04%	―	―	―
YOTA	―	$43.45M	338.32		―	―	―
YOUL	―	$113.55M	―		―	―	―
QETA	―	$41.94M	90.74	0.33%	―	―	―

Bolt Projects Holdings Corporate Events

Bolt Projects Holdings Closes $4.25M Stock Sale

Bolt Projects Holdings, Inc. entered into a securities purchase agreement on August 14, 2025, with investors to sell 913,979 shares of common stock at $4.65 per share or pre-funded warrants. The transaction closed on August 15, 2025, generating approximately $4.25 million in gross proceeds. The company has agreed to file a registration statement for the resale of shares and warrant shares, with Rodman & Renshaw LLC acting as the exclusive placement agent.

Bolt Projects Holdings Announces Securities Purchase Agreement

On August 14, 2025, Bolt Projects Holdings, Inc. entered into a securities purchase agreement to sell 913,979 shares of common stock and pre-funded warrants to investors, aiming to raise approximately $4.25 million. The transaction, expected to close on August 15, 2025, will support general corporate purposes including working capital, and involves a registration rights agreement for the resale of shares.

Bolt Projects Holdings Approves Stock Option Repricing

On August 1, 2025, Bolt Projects Holdings, Inc. entered into a Settlement Agreement with Southern Point Capital Corporation to settle outstanding liabilities by issuing shares of common stock. This agreement allows SPC to convert the claim amount into shares, subject to certain conditions, including a court order and compliance with Nasdaq regulations. Additionally, on August 3, 2025, the company’s Board approved a stock option repricing to retain key contributors by reducing the exercise price of outstanding stock options, including those held by executive officers and board members.