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Side-by-side financial comparison of Bolt Biotherapeutics, Inc. (BOLT) and ClearSign Technologies Corp (CLIR). Click either name above to swap in a different company.

ClearSign Technologies Corp is the larger business by last-quarter revenue ($3.7M vs $2.5M, roughly 1.5× Bolt Biotherapeutics, Inc.). ClearSign Technologies Corp runs the higher net margin — -8.5% vs -265.2%, a 256.8% gap on every dollar of revenue. Over the past eight quarters, ClearSign Technologies Corp's revenue compounded faster (82.5% CAGR vs -31.2%).

Bolt Biotherapeutics, Inc. is a clinical-stage biotechnology company specializing in immune-stimulating antibody conjugate (ISAC) therapies for cancer treatment. Its core pipeline targets hard-to-treat solid tumors, serving global oncology markets and advancing novel immunotherapies that trigger targeted anti-tumor immune responses to improve patient outcomes.

ClearSign Technologies Corporation (ClearSign) is a United States-based company that develops emission-control technology.

BOLT vs CLIR — Head-to-Head

Bigger by revenue
CLIR
CLIR
1.5× larger
CLIR
$3.7M
$2.5M
BOLT
Higher net margin
CLIR
CLIR
256.8% more per $
CLIR
-8.5%
-265.2%
BOLT
Faster 2-yr revenue CAGR
CLIR
CLIR
Annualised
CLIR
82.5%
-31.2%
BOLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BOLT
BOLT
CLIR
CLIR
Revenue
$2.5M
$3.7M
Net Profit
$-6.6M
$-311.0K
Gross Margin
21.9%
Operating Margin
-283.4%
-22.5%
Net Margin
-265.2%
-8.5%
Revenue YoY
522.2%
Net Profit YoY
58.4%
73.3%
EPS (diluted)
$-9.38
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BOLT
BOLT
CLIR
CLIR
Q4 25
$2.5M
$3.7M
Q3 25
$2.2M
$1.0M
Q2 25
$1.8M
$133.0K
Q1 25
$1.2M
$401.0K
Q4 24
$0
$590.0K
Q3 24
$1.1M
$1.9M
Q2 24
$1.3M
$45.0K
Q1 24
$5.3M
$1.1M
Net Profit
BOLT
BOLT
CLIR
CLIR
Q4 25
$-6.6M
$-311.0K
Q3 25
$-7.1M
$-1.4M
Q2 25
$-8.6M
$-1.7M
Q1 25
$-11.0M
$-2.1M
Q4 24
$-15.9M
$-1.2M
Q3 24
$-15.2M
$-1.2M
Q2 24
$-21.2M
$-1.9M
Q1 24
$-10.8M
$-1.1M
Gross Margin
BOLT
BOLT
CLIR
CLIR
Q4 25
21.9%
Q3 25
35.8%
Q2 25
41.4%
Q1 25
48.9%
Q4 24
14.9%
Q3 24
29.6%
Q2 24
93.3%
Q1 24
39.7%
Operating Margin
BOLT
BOLT
CLIR
CLIR
Q4 25
-283.4%
-22.5%
Q3 25
-355.1%
-170.1%
Q2 25
-510.5%
-1382.0%
Q1 25
-991.4%
-562.8%
Q4 24
-282.4%
Q3 24
-1441.1%
-77.1%
Q2 24
-1772.3%
-4748.9%
Q1 24
-324.1%
-113.6%
Net Margin
BOLT
BOLT
CLIR
CLIR
Q4 25
-265.2%
-8.5%
Q3 25
-329.4%
-138.9%
Q2 25
-474.6%
-1263.2%
Q1 25
-903.4%
-517.7%
Q4 24
-197.3%
Q3 24
-1330.1%
-62.1%
Q2 24
-1662.4%
-4160.0%
Q1 24
-205.0%
-100.5%
EPS (diluted)
BOLT
BOLT
CLIR
CLIR
Q4 25
$-9.38
$-0.06
Q3 25
$-3.72
$-0.26
Q2 25
$-4.46
$-0.30
Q1 25
$-0.29
$-0.37
Q4 24
$-13.73
$-0.18
Q3 24
$-7.93
$-0.20
Q2 24
$-11.12
$-0.40
Q1 24
$-0.28
$-0.30

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BOLT
BOLT
CLIR
CLIR
Cash + ST InvestmentsLiquidity on hand
$27.5M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.5M
$9.5M
Total Assets
$56.7M
$12.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOLT
BOLT
CLIR
CLIR
Q4 25
$27.5M
$9.2M
Q3 25
$31.9M
$10.5M
Q2 25
$34.8M
$12.3M
Q1 25
$38.8M
$12.9M
Q4 24
$47.3M
$14.0M
Q3 24
$53.8M
$14.5M
Q2 24
$73.7M
$16.0M
Q1 24
$91.3M
$4.6M
Stockholders' Equity
BOLT
BOLT
CLIR
CLIR
Q4 25
$26.5M
$9.5M
Q3 25
$32.1M
$9.1M
Q2 25
$38.8M
$10.4M
Q1 25
$46.8M
$12.0M
Q4 24
$57.2M
$13.8M
Q3 24
$72.0M
$14.8M
Q2 24
$85.9M
$15.9M
Q1 24
$104.2M
$4.5M
Total Assets
BOLT
BOLT
CLIR
CLIR
Q4 25
$56.7M
$12.2M
Q3 25
$65.1M
$12.7M
Q2 25
$75.5M
$14.2M
Q1 25
$85.9M
$14.5M
Q4 24
$99.6M
$16.3M
Q3 24
$109.3M
$17.1M
Q2 24
$124.2M
$17.8M
Q1 24
$142.9M
$6.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BOLT
BOLT
CLIR
CLIR
Operating Cash FlowLast quarter
$-7.2M
$-1.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOLT
BOLT
CLIR
CLIR
Q4 25
$-7.2M
$-1.3M
Q3 25
$-9.7M
$-1.8M
Q2 25
$-9.6M
$-511.0K
Q1 25
$-13.4M
$-1.1M
Q4 24
$-14.4M
$-415.0K
Q3 24
$-14.0M
$-1.4M
Q2 24
$-16.1M
$-1.5M
Q1 24
$-16.8M
$-1.0M
Free Cash Flow
BOLT
BOLT
CLIR
CLIR
Q4 25
Q3 25
Q2 25
Q1 25
$-1.1M
Q4 24
Q3 24
$-14.0M
Q2 24
Q1 24
FCF Margin
BOLT
BOLT
CLIR
CLIR
Q4 25
Q3 25
Q2 25
Q1 25
-278.1%
Q4 24
Q3 24
-1227.6%
Q2 24
Q1 24
Capex Intensity
BOLT
BOLT
CLIR
CLIR
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
3.6%
0.0%
Q2 24
0.0%
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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