Bolt Projects Holdings (BSLK) AI Stock Analysis

• Market Cap: $7.47M
• Dividend Yield: N/A
• Average Volume (3M): 182.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.69
• 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: 161,812
• 30 Day Avg. Volume: 182,869
• 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: 2.40
• Enterprise Value/Revenue: 5.71
• Enterprise Value/Gross Profit: 180.80
• Enterprise Value/Ebitda: -0.79
• 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: 45 Neutral
• Price Target: $2.00 ▲(16.96% Upside)

The overall stock score is primarily impacted by the company's poor financial performance and weak technical indicators. The negative P/E ratio and lack of dividend yield further weigh down the valuation. However, the recent equity purchase agreement offers a positive outlook by providing necessary capital, slightly improving the overall score.

Positive Factors

Equity Purchase Agreement

The $20M equity purchase agreement enhances financial flexibility, allowing Bolt Projects Holdings to better manage capital needs and improve operational capabilities, which is crucial for long-term stability and growth.

Modernized Governance

Updating bylaws to modernize governance can improve decision-making and stakeholder engagement, potentially leading to better strategic alignment and operational efficiency over the long term.

Diversified Business Model

A diversified business model across technology, real estate, and renewable energy provides multiple revenue streams, reducing risk and enhancing resilience against sector-specific downturns, supporting long-term growth.

Negative Factors

Negative Profitability

Negative profitability indicates operational inefficiencies and challenges in generating sufficient revenue to cover costs, which can hinder long-term financial health and growth prospects.

High Leverage

High leverage suggests financial risk, as the company may face difficulties in meeting debt obligations, limiting its ability to invest in growth opportunities and affecting long-term sustainability.

Negative Cash Flow

Negative cash flow indicates that cash outflows exceed inflows, which can strain liquidity and necessitate reliance on external financing, posing a risk to long-term operational viability.

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

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	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: 1.71
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• 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 1.71 is below the 20-day moving average (MA) of 1.99, below the 50-day MA of 2.29, and below the 200-day MA of 3.92, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 39.25 is Neutral, neither overbought nor oversold. The STOCH value of 11.77 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	45 Neutral	$7.47M	-0.15	―	―	62620.00%	-3469.28%

Bolt Projects Holdings Corporate Events

Bolt Projects Holdings Updates Bylaws for Modern Governance

On October 17, 2025, Bolt Projects Holdings, Inc. made significant amendments to its bylaws, which were approved by the Board of Directors and became effective immediately. These changes include reducing the quorum needed for stockholder meetings, addressing universal proxy rules, and establishing new procedural requirements for director nominations and business proposals at stockholder meetings. The amendments aim to modernize and clarify the company’s governance structure, potentially impacting how stockholder meetings are conducted and how directors are nominated, thereby affecting the company’s operations and stakeholder engagement.

Bolt Projects Holdings Secures $20M Equity Purchase Agreement

On September 12, 2025, Bolt Projects Holdings, Inc. entered into an equity purchase agreement with Ascent Partners Fund LLC, allowing the company to sell up to $20 million of its common stock. This agreement provides Bolt Projects Holdings with flexible financing options, enabling them to manage their capital requirements and market conditions effectively. The proceeds from these sales are intended for working capital and general corporate purposes, potentially impacting the company’s operational capabilities and market positioning.