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

Cycurion, Inc. is the larger business by last-quarter revenue ($3.5M vs $2.5M, roughly 1.4× Bolt Biotherapeutics, Inc.). Cycurion, Inc. runs the higher net margin — -141.2% vs -265.2%, a 124.0% gap on every dollar of revenue. Over the past eight quarters, Cycurion, Inc.'s revenue compounded faster (-8.6% 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.

BOLT vs CYCU — Head-to-Head

Bigger by revenue
CYCU
CYCU
1.4× larger
CYCU
$3.5M
$2.5M
BOLT
Higher net margin
CYCU
CYCU
124.0% more per $
CYCU
-141.2%
-265.2%
BOLT
Faster 2-yr revenue CAGR
CYCU
CYCU
Annualised
CYCU
-8.6%
-31.2%
BOLT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BOLT
BOLT
CYCU
CYCU
Revenue
$2.5M
$3.5M
Net Profit
$-6.6M
$-5.0M
Gross Margin
12.1%
Operating Margin
-283.4%
-141.7%
Net Margin
-265.2%
-141.2%
Revenue YoY
-13.1%
Net Profit YoY
58.4%
-546.8%
EPS (diluted)
$-9.38
$-11.09

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
CYCU
CYCU
Q4 25
$2.5M
$3.5M
Q3 25
$2.2M
$3.8M
Q2 25
$1.8M
$3.9M
Q1 25
$1.2M
$3.9M
Q4 24
$0
$4.1M
Q3 24
$1.1M
$4.5M
Q2 24
$1.3M
$5.0M
Q1 24
$5.3M
$4.2M
Net Profit
BOLT
BOLT
CYCU
CYCU
Q4 25
$-6.6M
$-5.0M
Q3 25
$-7.1M
$-3.1M
Q2 25
$-8.6M
$-5.3M
Q1 25
$-11.0M
$-10.2M
Q4 24
$-15.9M
$1.1M
Q3 24
$-15.2M
$116.1K
Q2 24
$-21.2M
$306.1K
Q1 24
$-10.8M
$-312.5K
Gross Margin
BOLT
BOLT
CYCU
CYCU
Q4 25
12.1%
Q3 25
7.1%
Q2 25
6.1%
Q1 25
17.5%
Q4 24
37.9%
Q3 24
16.1%
Q2 24
20.5%
Q1 24
8.2%
Operating Margin
BOLT
BOLT
CYCU
CYCU
Q4 25
-283.4%
-141.7%
Q3 25
-355.1%
-118.2%
Q2 25
-510.5%
-96.9%
Q1 25
-991.4%
-260.9%
Q4 24
31.9%
Q3 24
-1441.1%
9.4%
Q2 24
-1772.3%
14.6%
Q1 24
-324.1%
-0.8%
Net Margin
BOLT
BOLT
CYCU
CYCU
Q4 25
-265.2%
-141.2%
Q3 25
-329.4%
-81.5%
Q2 25
-474.6%
-136.1%
Q1 25
-903.4%
-264.8%
Q4 24
27.5%
Q3 24
-1330.1%
2.6%
Q2 24
-1662.4%
6.1%
Q1 24
-205.0%
-7.4%
EPS (diluted)
BOLT
BOLT
CYCU
CYCU
Q4 25
$-9.38
$-11.09
Q3 25
$-3.72
$-1.59
Q2 25
$-4.46
$-0.15
Q1 25
$-0.29
$-0.56
Q4 24
$-13.73
$1.56
Q3 24
$-7.93
$0.11
Q2 24
$-11.12
$0.01
Q1 24
$-0.28
$-0.02

Balance Sheet & Financial Strength

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

Metric
BOLT
BOLT
CYCU
CYCU
Cash + ST InvestmentsLiquidity on hand
$27.5M
$5.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.5M
$20.1M
Total Assets
$56.7M
$33.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOLT
BOLT
CYCU
CYCU
Q4 25
$27.5M
$5.3M
Q3 25
$31.9M
$3.7M
Q2 25
$34.8M
$1.0M
Q1 25
$38.8M
Q4 24
$47.3M
$38.7K
Q3 24
$53.8M
Q2 24
$73.7M
Q1 24
$91.3M
Stockholders' Equity
BOLT
BOLT
CYCU
CYCU
Q4 25
$26.5M
$20.1M
Q3 25
$32.1M
$19.1M
Q2 25
$38.8M
$14.0M
Q1 25
$46.8M
$12.9M
Q4 24
$57.2M
$3.5M
Q3 24
$72.0M
$-3.7M
Q2 24
$85.9M
$-3.4M
Q1 24
$104.2M
$-2.8M
Total Assets
BOLT
BOLT
CYCU
CYCU
Q4 25
$56.7M
$33.5M
Q3 25
$65.1M
$32.3M
Q2 25
$75.5M
$30.7M
Q1 25
$85.9M
$31.5M
Q4 24
$99.6M
$25.6M
Q3 24
$109.3M
$2.9M
Q2 24
$124.2M
$2.7M
Q1 24
$142.9M
$3.1M

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
CYCU
CYCU
Operating Cash FlowLast quarter
$-7.2M
$-3.3M
Free Cash FlowOCF − Capex
$-3.5M
FCF MarginFCF / Revenue
-98.8%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOLT
BOLT
CYCU
CYCU
Q4 25
$-7.2M
$-3.3M
Q3 25
$-9.7M
$-2.5M
Q2 25
$-9.6M
$-3.6M
Q1 25
$-13.4M
$-2.7M
Q4 24
$-14.4M
$-205.7K
Q3 24
$-14.0M
$-315.2K
Q2 24
$-16.1M
$-578.0K
Q1 24
$-16.8M
$-272.4K
Free Cash Flow
BOLT
BOLT
CYCU
CYCU
Q4 25
$-3.5M
Q3 25
$-2.6M
Q2 25
$-3.7M
Q1 25
$-2.8M
Q4 24
$-310.7K
Q3 24
$-14.0M
$-420.2K
Q2 24
$-711.0K
Q1 24
$-377.4K
FCF Margin
BOLT
BOLT
CYCU
CYCU
Q4 25
-98.8%
Q3 25
-66.9%
Q2 25
-94.2%
Q1 25
-72.7%
Q4 24
-7.6%
Q3 24
-1227.6%
-9.4%
Q2 24
-14.2%
Q1 24
-8.9%
Capex Intensity
BOLT
BOLT
CYCU
CYCU
Q4 25
5.3%
Q3 25
2.5%
Q2 25
2.7%
Q1 25
1.8%
Q4 24
2.6%
Q3 24
3.6%
2.4%
Q2 24
0.0%
2.7%
Q1 24
0.0%
2.5%
Cash Conversion
BOLT
BOLT
CYCU
CYCU
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.18×
Q3 24
-2.71×
Q2 24
-1.89×
Q1 24

Financial Flow Comparison

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

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