Bolt Biotherapeutics, Inc. BOLT

Healthcare SIC 2834 - Pharmaceutical Preparations Nasdaq

Our mission is to harness the power of the immune system to improve lives and eradicate cancer. This often means that our product candidates take new and unproven approaches to treating cancer. We believe that taking smart risks is critical to making breakthroughs. Our pipeline candidates are built on our deep expertise in myeloid biology and cancer drug development. Our various approaches use pattern recognition receptors expressed by the innate immune system to help the body eliminate tumor cells as part of a productive anti-cancer response. Our proprietary Boltbody™ Immune-Stimulating Antibody Conjugate, or ISAC, platform technology combines tumor-targeting antibodies with immune-stimulating linker-payloads. We believe this approach has the potential to create products that work with a patient's own immune system, resulting in anti-cancer activity with acceptable tolerability. Having explored more than one thousand distinct linker-payloads and multiple tumor targets, we know the importance of both the linker-payload and the antibody and have developed a library of linker-payloads for use in our own development programs and in our collaborations.

Last close 3.90 2026-09-04
Market cap $7.5M 2026-06-30 share count
52-week range 3.13 - 7.20

Valuation FY2025 figures against the last close

P/S1.0x
P/E
P/FCF
EV/EBITDA
Dividend yield
Diluted EPS-17.85

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $7.7M$7.7M$7.9M$5.7M$1.3M$231.0K
R&D $28.5M$57.5M$61.5M$73.1M$75.7M$40.4M
SG&A $13.8M$18.5M$22.5M$22.9M$18.4M$9.1M
Total operating expenses $43.8M$80.7M$84.1M$96.0M$94.0M$49.4M
Operating income -$36.1M-$73.0M-$76.2M-$90.3M-$92.8M-$49.2M
Pre-tax income -$33.4M-$63.1M-$69.2M-$88.1M-$98.6M-$60.7M
Income tax $0$0$0$0$0$0
Net income -$33.4M-$63.1M-$69.2M-$88.1M-$98.6M-$60.7M
EPS, basic -17.85-33.06-1.83-2.36-2.97
EPS, diluted -17.85-33.06-1.83-2.36-2.97-28.89
Shares, diluted (wtd. avg.) $1.9M$1.9M$37.8M$37.4M$33.2M$2.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $11.7M$7.2M$10.8M$9.2M$27.4M$5.5M
Short-term investments $15.8M$40.1M$91.4M$159.6M$158.8M$17.3M
Total current assets $30.3M$50.8M$105.7M$172.7M$189.2M$25.4M
Property, plant and equipment $1.2M$3.1M$5.0M$6.5M$6.2M$4.1M
Total assets $56.7M$99.6M$159.8M$227.8M$307.7M$46.5M
Accounts payable $1.4M$1.5M$3.0M$3.6M$3.6M$1.6M
Total current liabilities $8.4M$15.9M$20.5M$23.1M$21.3M$11.3M
Total liabilities $30.2M$42.4M$47.0M$56.3M$57.6M$46.2M
Retained earnings -$460.8M-$427.4M-$364.3M-$295.1M-$207.0M-$108.4M
Total equity $26.5M$57.2M$112.7M$171.5M$250.1M-$104.9M-$45.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$39.9M-$61.3M-$69.5M-$76.5M-$57.1M-$47.3M
Depreciation and amortisation $1.3M$1.8M$1.9M$1.7M$1.2M$611.0K
Stock-based compensation $2.8M$7.4M$9.2M$9.6M$8.5M$1.4M
Capital expenditure $72.0K$41.0K$206.0K$2.0M$2.3M$3.3M
Investing cash flow $44.3M$57.6M$71.0M$57.9M-$232.2M-$20.6M
Financing cash flow $19.0K$108.0K$253.0K$503.0K$311.1M$39.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-104121.

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