Bolt Biotherapeutics (BOLT)
Market Price (5/23/2026): $4.95 | Market Cap: $8.3 MilSector: Health Care | Industry: Biotechnology
Bolt Biotherapeutics (BOLT)
Market Price (5/23/2026): $4.95Market Cap: $8.3 MilSector: Health CareIndustry: Biotechnology
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 79% Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more. | Weak multi-year price returns2Y Excs Rtn is -110%, 3Y Excs Rtn is -166% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -30 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -463% Weak revenue growthRev Chg QQuarterly Revenue Change % is -98% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 40% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -531%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -531% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -360% Key risksBOLT key risks include [1] a strategic pivot to a high-risk, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 79% |
| Megatrend and thematic driversMegatrends include Precision Medicine, and Aging Population & Chronic Disease. Themes include Targeted Therapies, Biopharmaceutical R&D, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -110%, 3Y Excs Rtn is -166% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -30 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -463% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -98% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 40% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -531%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -531% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -360% |
| Key risksBOLT key risks include [1] a strategic pivot to a high-risk, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Significant Decline in Collaboration Revenue. Bolt Biotherapeutics experienced a substantial decrease in collaboration revenue, falling from $1.2 million in the first quarter of 2025 to $26,000 in the first quarter of 2026. This 97.8% reduction indicates a significant drop in contributions from partnerships, which can be a key concern for a clinical-stage biotechnology company reliant on external funding and validation.
2. Narrowed Pipeline Focus and Delayed Program Advancement. The company has concentrated its resources on its lead immune-stimulating antibody conjugate (ISAC) program, BDC-4182, currently in a Phase 1/2 study. Other ISAC programs targeting CEA and PD-L1, as well as the Dectin-2 agonist BDC-3042, have been put on hold pending proof-of-concept data for BDC-4182. While this focuses resources, it also signals a delay in the advancement of other pipeline candidates and increases investor reliance on the success of a single program. The reduction in R&D expenses from $9.5 million in Q1 2025 to $4.8 million in Q1 2026 is primarily due to this restructuring and reduced clinical activities.
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Stock Movement Drivers
Fundamental Drivers
The -16.1% change in BOLT stock from 1/31/2026 to 5/22/2026 was primarily driven by a -41.3% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.90 | 4.95 | -16.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 6 | 25.1% |
| P/S Multiple | 2.2 | 1.3 | -41.3% |
| Shares Outstanding (Mil) | 2 | 2 | 14.2% |
| Cumulative Contribution | -16.1% |
Market Drivers
1/31/2026 to 5/22/2026| Return | Correlation | |
|---|---|---|
| BOLT | -16.1% | |
| Market (SPY) | 8.1% | 9.4% |
| Sector (XLV) | -2.7% | 3.0% |
Fundamental Drivers
The -14.1% change in BOLT stock from 10/31/2025 to 5/22/2026 was primarily driven by a -51.7% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.76 | 4.95 | -14.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 6 | 56.0% |
| P/S Multiple | 2.7 | 1.3 | -51.7% |
| Shares Outstanding (Mil) | 2 | 2 | 14.1% |
| Cumulative Contribution | -14.1% |
Market Drivers
10/31/2025 to 5/22/2026| Return | Correlation | |
|---|---|---|
| BOLT | -14.1% | |
| Market (SPY) | 9.9% | 13.7% |
| Sector (XLV) | 4.8% | 1.1% |
Fundamental Drivers
The -30.3% change in BOLT stock from 4/30/2025 to 5/22/2026 was primarily driven by a -27.6% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.11 | 4.95 | -30.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8 | 6 | -15.5% |
| P/S Multiple | 1.8 | 1.3 | -27.6% |
| Shares Outstanding (Mil) | 2 | 2 | 13.9% |
| Cumulative Contribution | -30.3% |
Market Drivers
4/30/2025 to 5/22/2026| Return | Correlation | |
|---|---|---|
| BOLT | -30.3% | |
| Market (SPY) | 36.0% | 15.6% |
| Sector (XLV) | 8.6% | 12.4% |
Fundamental Drivers
The -84.3% change in BOLT stock from 4/30/2023 to 5/22/2026 was primarily driven by a -87.6% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5222026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.60 | 4.95 | -84.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 6 | 13.4% |
| P/S Multiple | 10.4 | 1.3 | -87.6% |
| Shares Outstanding (Mil) | 2 | 2 | 11.7% |
| Cumulative Contribution | -84.3% |
Market Drivers
4/30/2023 to 5/22/2026| Return | Correlation | |
|---|---|---|
| BOLT | -84.3% | |
| Market (SPY) | 86.3% | 19.2% |
| Sector (XLV) | 18.0% | 16.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BOLT Return | -85% | -73% | -14% | -52% | -49% | -16% | -99% |
| Peers Return | -27% | -43% | -6% | -9% | 21% | 65% | -28% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| BOLT Win Rate | 27% | 33% | 50% | 25% | 25% | 40% | |
| Peers Win Rate | 38% | 38% | 42% | 53% | 55% | 68% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| BOLT Max Drawdown | - | -74% | -56% | -67% | -63% | -45% | |
| Peers Max Drawdown | -46% | -69% | -52% | -56% | -49% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GILD, ZYME, ADCT, MGNX, STRO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)
How Low Can It Go
| Event | BOLT | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -35.9% | -9.5% |
| % Gain to Breakeven | 55.9% | 10.5% |
| Time to Breakeven | 99 days | 24 days |
In The Past
Bolt Biotherapeutics's stock fell -35.9% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 55.9% gain to breakeven.
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| Event | BOLT | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -35.9% | -9.5% |
| % Gain to Breakeven | 55.9% | 10.5% |
| Time to Breakeven | 99 days | 24 days |
In The Past
Bolt Biotherapeutics's stock fell -35.9% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 55.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Bolt Biotherapeutics (BOLT)
AI Analysis | Feedback
Here are 1-3 brief analogies for Bolt Biotherapeutics:
- A clinical-stage Genentech focused on activating the immune system to combat cancer.
- An early-stage Bristol Myers Squibb (BMS) dedicated to discovering novel immuno-oncology treatments.
- A research-focused Amgen, specializing in developing new immune-based therapies for oncology.
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- BDC-1001: A human epidermal growth factor receptor 2 (HER2) targeting program in clinical trials for HER2-expressing solid tumors.
- BDC-2034: A carcinoembryonic antigen program targeting colorectal, non-small cell lung, pancreatic, and breast cancers.
- BDC-3042: A Dectin-2 agonist antibody program designed to repolarize critical cells in the tumor microenvironment.
- Programmed cell death-ligand 1 program: A program aimed at treating tumors that are nonresponsive to immune checkpoint blockade.
AI Analysis | Feedback
Bolt Biotherapeutics (BOLT) is a clinical-stage biotechnology company primarily engaged in the research and development of immuno-oncology agents. As described, the company's drug candidates, including BDC-1001, BDC-2034, and BDC-3042, are currently in various phases of clinical trials (e.g., Phase I/II) or earlier stages of development.
At its current stage, Bolt Biotherapeutics does not have commercialized products available for sale on the market, nor does it generate revenue from product sales to major customers. Therefore, the company does not have identifiable major customer companies or categories of individual customers in the traditional sense of product purchasers.
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Willie Quinn, Chief Executive Officer
Willie Quinn was appointed Chief Executive Officer of Bolt Biotherapeutics in May 2024. He joined Bolt in 2020, bringing extensive experience in finance, operations, and business development in the biopharma industry. Prior to becoming CEO, he served as the company's Chief Financial Officer. Mr. Quinn previously served as the chief financial officer and senior vice president of corporate development at Sunesis Pharmaceuticals (acquired by Viracta Therapeutics), where he led multiple public financings and corporate collaborations. He also co-founded Bullet Biotechnology, serving as its chief executive officer, focused on developing cancer immunotherapies. Additionally, Mr. Quinn was an early employee at Jazz Pharmaceuticals, working there for over eight years, and was the chief financial officer and chief operating officer of Novation Biosciences, which was acquired by Agilent Technologies.
Sarah Nemec, SVP, Finance and Principal Accounting Officer
Sarah Nemec was appointed Senior Vice President, Finance and Principal Accounting Officer at Bolt Biotherapeutics in May 2024. She joined the company in 2020 and has over 20 years of experience as a senior finance leader in the life science industry.
Grant Yonehiro, Chief Operating Officer
Grant Yonehiro was promoted to Chief Operating Officer of Bolt Biotherapeutics in May 2024, having joined the company in 2016.
Michael N. Alonso, Ph.D., SVP, Research
Michael N. Alonso, Ph.D., is a scientific co-founder of Bolt Biotherapeutics and a co-inventor of its proprietary ISAC platform. He was promoted to Senior Vice President, Research, in May 2024.
Dawn Colburn, Pharm.D., Senior Vice President, Clinical Development
Dawn Colburn, Pharm.D., was promoted to Senior Vice President, Clinical Development, at Bolt Biotherapeutics in May 2024, overseeing all clinical activities.
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Here are the key risks to Bolt Biotherapeutics:1. Clinical Trial Failure and Regulatory Approval Risks
Bolt Biotherapeutics, as a clinical-stage biotechnology company, faces significant inherent uncertainties in the outcomes of its clinical trials and the subsequent ability to secure regulatory approvals. The company recently discontinued the development of its lead antibody-drug conjugate candidate, BDC-1001, after determining it did not meet its "high bar for advancement". This highlights the substantial risk that potential product candidates may not progress successfully through clinical development or receive necessary regulatory approvals within anticipated timelines, or at all. Clinical trials may also fail to confirm the safety, potency, or other desired characteristics of their products.2. Financial Health and Going Concern Risks
The company is currently categorized as a "Distressed" stock, with a GF Score of 58, indicating potential value traps. Bolt Biotherapeutics faces considerable challenges with profitability, evidenced by negative operating and net margins of -860.39% and -821.58%, respectively. Furthermore, an Altman Z-Score of -11.24 places the company in a distress zone, suggesting a potential risk of bankruptcy within the next two years, and its Piotroski F-Score of 1 indicates poor business operations. The company is rapidly depleting its resources, with a negative free cash flow exceeding $51 million in the last twelve months. To conserve capital and extend its cash runway into 2027, Bolt Biotherapeutics implemented a workforce reduction of approximately 50%.3. Dependence on Collaborations
The company's ability to maintain its existing collaborations and establish new ones is a key risk. For instance, forming a partnership for BDC-3042, a Dectin-2 agonist monoclonal antibody, has been identified as a crucial near-term catalyst for the company. A significant portion of Bolt's ISAC research is supported by collaborations with partners like Genmab and Toray. Should these collaborations not be maintained or if the company is unable to secure new strategic partnerships, its ability to fund and advance its pipeline candidates could be significantly impacted.AI Analysis | Feedback
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The addressable markets for Bolt Biotherapeutics' main products are as follows:
- BDC-1001 (HER2-expressing solid tumors, including HER2-low tumors): The global HER2-targeted therapy market is estimated at approximately $20 billion in 2025 and is projected to reach about $35 billion by 2033, growing at a compound annual growth rate (CAGR) of 8%. Specifically for HER2-low cancers, the market in the 7 major markets (7MM: United States, EU4 (Germany, France, Italy, and Spain), United Kingdom, and Japan) is valued at approximately USD 3.53 billion in 2025 and is projected to reach USD 8.997 billion by 2034, with a CAGR of 11%.
-
BDC-2034 (carcinoembryonic antigen program for colorectal, non-small cell lung, pancreatic, and breast cancers):
- For colorectal cancer, the global therapeutics market is projected to grow from USD 13.37 billion in 2025 to USD 19.95 billion by 2034, at a CAGR of 4.55%.
- For non-small cell lung cancer (NSCLC), the global market is estimated to be valued at USD 28.61 billion in 2025 and is expected to reach USD 54.38 billion by 2032, exhibiting a CAGR of 9.6%.
- For pancreatic cancer, the global market is estimated at USD 3.25 billion in 2025 and is projected to surpass USD 10.25 billion by 2034, growing at a CAGR of 13.62%.
- For breast cancer, the global drugs market was estimated at USD 36.62 billion in 2024 and is projected to reach USD 69.72 billion by 2033, growing at a CAGR of 7.09%.
- The global carcinoembryonic antigen (CEA) market, which indicates the diagnostic and monitoring relevance of CEA, is projected to be between $3.10 billion and $4.62 billion from 2024 to 2030. North America held a significant share of approximately $725.89 million in 2025.
- BDC-3042 (Dectin-2 agonist antibody program developed to repolarize critical cells in the tumor microenvironment by targeting cell-surface receptors on macrophages): The global tumor microenvironment targeted oncology therapies market reached US$1.92 billion in 2025 and is expected to reach US$5.11 billion by 2033, growing at a CAGR of 13% from 2026 to 2033. North America dominated this market with a 42.7% revenue share in 2025.
- Programmed cell death-ligand 1 (PD-L1) program for tumors that are nonresponsive to immune checkpoint blockade: The broader global immune checkpoint inhibitors market is expected to grow from USD 50.29 billion in 2025 to USD 123.57 billion by 2031, at a CAGR of 16.18%. This market includes PD-L1 inhibitors and addresses the need for therapies in tumors with adaptive resistance or "cold" tumors, a segment that Bolt Biotherapeutics' program aims to target.
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Bolt Biotherapeutics (NASDAQ: BOLT), a clinical-stage biotechnology company, anticipates its future revenue growth over the next 2-3 years will be primarily driven by the advancement of its pipeline candidates and strategic collaborations.
- Advancement of BDC-4182 through Clinical Trials: The company's next-generation Boltbody™ Immune-Stimulating Antibody Conjugate (ISAC), BDC-4182, targeting claudin 18.2, is currently in a Phase 1 dose-escalation study for gastric and gastroesophageal cancer. Initial clinical data from this study is expected in the third quarter of 2026. Positive clinical data and progression through further trial phases could attract additional investment, trigger milestone payments from potential partners, and move the candidate closer to eventual commercialization.
- Successful Partnering of BDC-3042: Bolt Biotherapeutics is actively seeking a partner to advance the development of BDC-3042, a Dectin-2 agonist antibody program. BDC-3042 has completed a Phase 1 dose-escalation trial, demonstrating a favorable safety profile, dose-dependent biological activity, and signs of monotherapy anti-tumor activity. Securing a partnership would likely generate upfront payments and potential milestone payments as the program progresses, contributing to future revenue.
- Expansion and Progress of Strategic Collaborations: Bolt Biotherapeutics has ongoing strategic collaborations with companies such as Genmab and Toray, which are built around its proprietary Boltbody™ ISAC platform technology. Continued progress in these existing collaborations, as well as the potential for forming new strategic partnerships for other ISAC programs, is expected to generate collaboration revenue.
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Share Repurchases
No information regarding share repurchase programs or activities by Bolt Biotherapeutics was identified in the provided context for the last 3-5 years.
Share Issuance
- Bolt Biotherapeutics had its Initial Public Offering (IPO) in 2021.
- A one-for-twenty reverse stock split was implemented, which adjusted the number of outstanding shares.
Inbound Investments
- For the full year ended December 31, 2025, Bolt Biotherapeutics reported collaboration revenue of $7.7 million from arrangements with strategic partners like Toray, Genmab, and Innovent, which support its research and development activities.
- Tang Capital affiliates and Kevin Tang collectively reported beneficial ownership of 166,879 shares of common stock, representing 8.7% of the class on a post-reverse-split basis.
Outbound Investments
No information regarding strategic investments made by Bolt Biotherapeutics in other companies was identified in the provided context for the last 3-5 years.
Capital Expenditures
- In the last 12 months prior to March 2026, capital expenditures were -$72,000.
- Capital expenditures consumed $41,000 for the year ended December 31, 2025.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Bolt Biotherapeutics Earnings Notes | 12/16/2025 | |
| Bolt Biotherapeutics Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
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| 04302026 | GEHC | GE HealthCare Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
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| 04302026 | ABT | Abbott Laboratories | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | ZBIO | Zenas BioPharma | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.26 |
| Mkt Cap | 0.4 |
| Rev LTM | 90 |
| Op Inc LTM | -75 |
| FCF LTM | -75 |
| FCF 3Y Avg | -82 |
| CFO LTM | -73 |
| CFO 3Y Avg | -79 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.0% |
| Rev Chg 3Y Avg | 14.7% |
| Rev Chg Q | -13.0% |
| QoQ Delta Rev Chg LTM | -2.7% |
| Op Inc Chg LTM | 26.1% |
| Op Inc Chg 3Y Avg | -2.5% |
| Op Mgn LTM | -109.6% |
| Op Mgn 3Y Avg | -173.4% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | -118.7% |
| CFO/Rev 3Y Avg | -144.3% |
| FCF/Rev LTM | -120.1% |
| FCF/Rev 3Y Avg | -147.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.4 |
| P/S | 4.5 |
| P/Op Inc | -4.2 |
| P/EBIT | -4.0 |
| P/E | -3.0 |
| P/CFO | -3.2 |
| Total Yield | -25.3% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -48.8% |
| D/E | 0.1 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.2% |
| 3M Rtn | 5.4% |
| 6M Rtn | 7.0% |
| 12M Rtn | 87.6% |
| 3Y Rtn | 6.6% |
| 1M Excs Rtn | -8.2% |
| 3M Excs Rtn | -3.2% |
| 6M Excs Rtn | -2.8% |
| 12M Excs Rtn | 65.4% |
| 3Y Excs Rtn | -78.6% |
Price Behavior
| Market Price | $4.95 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 02/05/2021 | |
| Distance from 52W High | -30.2% | |
| 50 Days | 200 Days | |
| DMA Price | $4.68 | $5.19 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 5.8% | -4.6% |
| 3M | 1YR | |
| Volatility | 84.7% | 72.7% |
| Downside Capture | 166.77 | 153.55 |
| Upside Capture | 110.00 | 74.88 |
| Correlation (SPY) | 6.2% | 15.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.50 | 0.33 | 0.67 | 0.89 | 0.96 | 0.86 |
| Up Beta | -1.87 | -1.49 | -0.29 | 0.14 | 0.66 | 0.73 |
| Down Beta | 26.44 | 0.23 | -0.16 | 0.38 | 1.04 | 1.29 |
| Up Capture | 101% | 124% | 49% | 104% | 56% | 7% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 10 | 17 | 23 | 55 | 114 | 326 |
| Down Capture | -126% | 94% | 183% | 145% | 133% | 104% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 25 | 40 | 69 | 134 | 395 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BOLT | |
|---|---|---|---|---|
| BOLT | -21.5% | 72.7% | -0.04 | - |
| Sector ETF (XLV) | 16.0% | 14.5% | 0.80 | 12.1% |
| Equity (SPY) | 29.5% | 12.0% | 1.86 | 15.8% |
| Gold (GLD) | 35.5% | 26.8% | 1.11 | 8.5% |
| Commodities (DBC) | 42.9% | 18.7% | 1.77 | 2.6% |
| Real Estate (VNQ) | 15.2% | 13.1% | 0.82 | 3.2% |
| Bitcoin (BTCUSD) | -29.5% | 41.7% | -0.73 | 23.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BOLT | |
|---|---|---|---|---|
| BOLT | -57.8% | 74.2% | -0.81 | - |
| Sector ETF (XLV) | 5.7% | 14.7% | 0.21 | 16.2% |
| Equity (SPY) | 14.0% | 17.0% | 0.64 | 19.8% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 2.2% |
| Commodities (DBC) | 10.4% | 19.4% | 0.42 | 1.0% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 13.3% |
| Bitcoin (BTCUSD) | 12.2% | 55.3% | 0.42 | 12.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BOLT | |
|---|---|---|---|---|
| BOLT | -38.5% | 75.5% | -0.86 | - |
| Sector ETF (XLV) | 9.9% | 16.5% | 0.49 | 16.0% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 19.5% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 3.1% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 1.1% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 12.7% |
| Bitcoin (BTCUSD) | 67.2% | 66.9% | 1.06 | 13.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/12/2026 | -3.5% | 12.1% | 15.1% |
| 11/12/2025 | 0.2% | -0.2% | 14.9% |
| 8/14/2025 | -5.3% | -10.1% | -2.2% |
| 3/24/2025 | -4.0% | -8.6% | -15.0% |
| 11/12/2024 | -3.9% | -12.6% | -17.6% |
| 8/13/2024 | -1.4% | -1.5% | -11.7% |
| 3/21/2024 | 3.4% | 20.7% | -4.3% |
| 11/9/2023 | -1.0% | -3.1% | -7.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 6 | 5 |
| # Negative | 10 | 10 | 11 |
| Median Positive | 3.3% | 8.0% | 14.9% |
| Median Negative | -3.9% | -9.4% | -15.0% |
| Max Positive | 12.5% | 20.7% | 32.0% |
| Max Negative | -6.3% | -28.1% | -60.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/12/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/24/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/21/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/29/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Cash Runway | 2,027 | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Quinn, William P | President, CEO and CFO | Direct | Buy | 2042026 | 4.61 | 125 | 576 | 10,656 | Form |
| 2 | Nemec, Sarah | Senior VP, Finance and PAO | Direct | Buy | 2042026 | 4.61 | 125 | 576 | 6,519 | Form |
| 3 | Nemec, Sarah | Senior VP, Finance and PAO | Direct | Buy | 10242025 | 5.49 | 125 | 686 | 5,179 | Form |
| 4 | Quinn, William P | President, CEO and CFO | Direct | Buy | 10242025 | 5.49 | 125 | 686 | 12,016 | Form |
| 5 | Nemec, Sarah | Senior VP, Finance and PAO | Direct | Buy | 5012025 | 0.50 | 2,500 | 1,241 | 8,258 | Form |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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