Bolt Projects Holdings (BSLK) AI Stock Analysis

• Market Cap: $523.83K
• Dividend Yield: N/A
• Average Volume (3M): 53.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: 62620.00%
• EPS Growth: -3469.28%
• Country: US
• Employees: 14
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Shell Companies
• EPS (TTM): -2.70
• Shares Outstanding: 4,366,123
• 10 Day Avg. Volume: 47,830
• 30 Day Avg. Volume: 53,571
• PEG Ratio: <0.01
• Price to Book (P/B): -0.88
• Price to Sales (P/S): 5.54
• P/FCF Ratio: -0.47
• Enterprise Value/Market Cap: 16.02
• Enterprise Value/Revenue: 2.68
• Enterprise Value/Gross Profit: 84.78
• Enterprise Value/Ebitda: -0.37
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.24 ▼(-83.72% Downside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is primarily constrained by weak financial performance (large losses, cash burn, and negative equity). Technicals add pressure with a strong downtrend despite oversold RSI. Corporate updates are directionally positive on revenue/margin and raised outlook, but financing and listing-compliance risks temper the upside, while valuation signals are limited due to negative earnings and no dividend.

Positive Factors

Revenue Growth & Margin Improvement

A material increase in revenue and a return to positive gross margin signal improving product-market fit and unit economics. Tripling top line and Q4 margin expansion reduce structural break-even risk and create a clearer pathway to operating leverage if revenue growth and cost discipline persist over coming quarters.

Raised Guidance & Product Pipeline

Management's raised 2026 guidance alongside plans for a new ingredient indicates confidence in sustained demand and expansion of product offerings. A growing pipeline and clearer near-term targets support structural revenue visibility and reduce single-product dependency if commercialization executes as planned.

Diversified Holding Model

A diversified portfolio across technology, real estate and renewable energy provides multiple cash-flow channels (dividends, consulting, rental income). This structural diversification can smooth earnings volatility, allow capital redeployment, and mitigate sector-specific downturns over a multi-quarter horizon.

Negative Factors

Negative Shareholders' Equity

Persistently negative shareholders' equity constrains financial flexibility and raises recapitalization risk. It distorts leverage metrics, limits borrowing capacity, and increases likelihood of dilutive capital raises or restructuring—a structural headwind to funding growth without materially altering the capital structure.

Weak Cash Generation

Ongoing negative operating and free cash flow means core operations do not self-fund growth. Although burn improved versus prior year, persistent negative cash generation requires external financing for operations and strategic initiatives, reducing runway and increasing dependency on capital markets over the medium term.

Financing and Listing Risk

A large planned convertible financing and active Nasdaq compliance work indicate material funding and listing risks. These raise probability of dilution, costlier capital, and management distraction; failure or delay in compliance could materially restrict access to public market liquidity and strategic options.

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 leveraging its investments in subsidiary companies across various sectors. The company earns money through equity stakes in these businesses, receiving dividends and profit distributions. Additionally, BSLK engages in strategic partnerships with other firms to co-develop projects, which can lead to shared revenue opportunities. Consulting services related to technology and renewable energy projects also contribute to its income, as the company provides expert guidance to other businesses looking to optimize their operations. Furthermore, real estate investments yield rental income and capital gains, adding to the overall financial health of the company.

Bolt Projects Holdings Financial Statement Overview

Summary

Despite improved TTM revenue and a narrowing loss profile versus 2024, the fundamentals remain weak: very large operating/net losses relative to sales, negative operating and free cash flow, and persistently negative shareholders’ equity that increases financing/recapitalization risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue improved meaningfully versus the prior year, and gross margin turned modestly positive. However, profitability remains deeply negative: operating losses and net losses are very large relative to revenue, indicating an unsustainably high cost structure and weak operating leverage. While losses narrowed from 2024 levels, the business still shows no path to near-term profitability based on the current margin profile.

Balance Sheet

The balance sheet is strained by consistently negative shareholders’ equity across all periods, which limits financial flexibility and raises recapitalization risk. Total debt is moderate in absolute dollars, but leverage metrics are distorted by negative equity and still imply elevated risk. Assets have come down materially from earlier years, while equity remains negative—overall suggesting a weak capital position despite reduced debt versus 2022–2023.

Cash Flow

Cash generation is weak, with negative operating cash flow and negative free cash flow in TTM (Trailing-Twelve-Months). Burn has improved substantially versus 2024, but free cash flow growth in TTM (Trailing-Twelve-Months) is sharply negative and operating cash flow remains meaningfully below breakeven. Cash outflows broadly track reported losses, reinforcing that the company is still reliant on external funding to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.14M	1.37M	3.44M	346.00K	305.00K
Gross Profit	99.00K	-93.00K	-1.41M	-388.00K	-575.00K
EBITDA	-22.75M	-63.89M	-52.08M	-51.40M	-27.62M
Net Income	-24.28M	-65.39M	-57.72M	-51.70M	-38.50M
Balance Sheet
Total Assets	11.13M	12.23M	24.27M	77.84M	104.86M
Cash, Cash Equivalents and Short-Term Investments	4.75M	3.51M	894.00K	22.93M	57.04M
Total Debt	12.91M	13.19M	33.53M	54.73M	29.10M
Total Liabilities	23.88M	20.84M	136.81M	396.26M	372.90M
Stockholders Equity	-12.75M	-8.61M	-112.54M	-318.42M	-268.04M
Cash Flow
Free Cash Flow	-5.35M	-16.17M	-30.19M	-63.97M	-48.52M
Operating Cash Flow	-5.34M	-16.15M	-29.23M	-55.88M	-36.11M
Investing Cash Flow	-13.00K	-23.00K	-678.00K	-8.09M	8.52M
Financing Cash Flow	3.66M	18.81M	5.55M	29.83M	69.41M

Bolt Projects Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BSLK, the sentiment is Negative. The current price of 1.48 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.49, and below the 200-day MA of 2.60, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 27.42 is Positive, neither overbought nor oversold. The STOCH value of 12.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BSLK	43 Neutral	$523.83K	-0.01	―	―	62620.00%	-3469.28%

Bolt Projects Holdings Corporate Events

Bolt Projects Holdings Reports Strong Preliminary 2025 Results

On December 29, 2025, Bolt Projects Holdings, Inc. reported preliminary, unaudited results indicating fiscal 2025 revenue of about $4.5 million, more than tripling 2024 levels, with fourth-quarter revenue exceeding $2.7 million and gross margin expected above 20%, supported by a sharp margin improvement in the final quarter. The company simultaneously raised its 2026 outlook, lifting revenue guidance to $11 million and gross profit guidance to $4 million, citing better unit economics, expanding adoption of its Vegan Silk ingredients and plans to launch a new ingredient while targeting further cost reductions, even as it continues to pursue up to $30 million in convertible-note financing and work to regain compliance with Nasdaq listing standards after a 2025 delisting notice and extension, developments that could significantly influence its liquidity, growth trajectory and market visibility.

The most recent analyst rating on (BSLK) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Bolt Projects Holdings stock, see the BSLK Stock Forecast page.