Delisting risk
BOLT · NASDAQ · Biotechnology

Bolt Biotherapeutics (BOLT)

Develops Boltbody immune-stimulating antibody conjugates for cancer.

$3.84
At close−0.23 (−5.65%)
Loading prices…

Bolt Biotherapeutics, Inc.BOLTHealth Care

Develops immune-stimulating antibody conjugates for cancer, centered on BDC-4182 in a first-in-human study for gastric and gastroesophageal-junction cancer. Revenue comes only from collaborations, while the company has no approved products or product-sale revenue.

Develops BDC-4182, a next-generation Boltbody immune-stimulating antibody conjugate being studied in gastric and gastroesophageal-junction cancer. Its ISAC design combines a tumor-targeting antibody, non-cleavable linker, and proprietary immune stimulant to activate myeloid cells and recruit broader immune responses in the tumor microenvironment. BDC-3042, CEA ISAC, and PD-L1 ISAC are paused or available for partnering.

Operates from Redwood City, California, with an Australian subsidiary supporting regional research and development, while Genmab and Toray are named strategic collaborators. Generates revenue only from collaboration arrangements and has never recorded product sales. Progress depends on clinical evidence for its single internally prioritized program, third-party manufacturing, licensed Stanford intellectual property, partner participation, additional capital, and FDA approval before U.S. marketing.

Company facts

CEOWilliam P. “Willie” Quinn
ListedFeb 5, 2021
ExchangeNASDAQ
HeadquartersRedwood City, CA
CountryUnited States
Employees23
CIK0001641281
ISINUS0977022039

Market cap$7.4M
EPS (ttm)−$16.00
P/E (ttm)−0.2400
ROE-126.2%
P/B0.5136
P/S1.57
Dividend yieldDiv yield
Beta0.71vs XLV 0.20

Price target$4.00+4.2%Avg of 8 analysts
ConsensusHold5 of 8 analysts
Ratings

Target rangeAs of Sep 2, 2026

Latest analyst notes

DateFirmActionTarget
Oct 20, 2025H.C. WainwrightTarget$7

Next report
Nov 11, 2026
in 69 days
EPS estimate
−$3.52
Revenue estimate
$426.3K
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$7.60−$5.80−$4.46−$3.72−$3.84−$4.31−$4.57Pending
Estimate−$7.60−$6.80−$6.40−$5.07−$4.30−$2.85−$3.39−$3.52
Surprise0.0%+14.7%+30.3%+26.6%+10.7%−51.2%−34.8%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$10.0K$1.2M$1.8M$2.2M$2.5M$26.0K$5.0KPending
Estimate$790.0K$767.5K$845.8K$820.8K$666.7K$1.5M$500.0K$426.3K
Surprise−98.7%+59.2%+113.3%+164.3%+275.0%−98.3%−99.0%
Estimate−$3.52
ReportedDue Nov 11, 2026
Estimate$426.3K
ReportedDue Nov 11, 2026
View details

Debt to equity171.10%
Current ratio261.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.1M$0$1.2M$1.8M$2.2M$2.5M$26.0K$5.0K
Net income−$15.2M−$15.9M−$11.0M−$8.6M−$7.1M−$6.6M−$7.2M−$7.7M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$16.4M−$15.7M−$12.1M−$9.2M−$7.7M−$5.6M−$7.6M−$8.4M
YoY growth

Balance sheet, Jun 30, 2026Cash & short-term investments $17.6M · Total debt $21.6M · Total assets $40.3M · Shareholders' equity $12.6M

Revenue
$5.0K
Operating income
−$8.4M
Net income
−$7.7M
View details

No dividends on record.

Institutions24 holders · as of Mar 31, 202631.84%613.3K shares
Insiders3 holders · as of Feb 4, 20262.21%42.6K shares
Otherremainder65.95%1.27M shares

1.93M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
Sofinnova Investments, Inc.Institution
7.15%137,72113Fas of Mar 31, 2026
Renaissance Technologies LLCInstitution
4.01%77,22513Fas of Mar 31, 2026
Vivo Capital, LLCInstitution
3.76%72,41413Fas of Mar 31, 2026
Pivotal Bioventure Partners Investment Advisor LLCInstitution
2.21%42,58113Fas of Mar 31, 2026
Grant YonehiroInsiderofficer: Chief Operating Officer
2.02%38,918Form 4filed Oct 24, 2025
See all 25

13F — a manager's quarterly holdings · Form 4 — an insider's transaction report

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Dec 5, 2025Sarah Nemecofficer: Senior VP, Finance and PAO+125$4.61
Dec 5, 2025William P. Quinndirector, officer: President, CEO and CFO+125$4.61
Jun 6, 2025William P. Quinndirector, officer: President, CEO and CFO+125$5.49
Jun 6, 2025Sarah Nemecofficer: Senior VP, Finance and PAO+125$5.49
View details

Compare

CompanyPriceChange
Bolt Biotherapeutics$3.84−5.65%$7.4M1.6−99.7%
AstraZeneca (ADR)$163.48+1.13%$250.67B24.315.24.1+6.4%
Eikon Therapeutics$11.38+4.60%$616.1M
Median24.315.24.1+6.4%