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

DeFi Development Corp. is the larger business by last-quarter revenue ($4.6M vs $2.5M, roughly 1.9× Bolt Biotherapeutics, Inc.). DeFi Development Corp. runs the higher net margin — 1211.4% vs -265.2%, a 1476.6% gap on every dollar of revenue. Over the past eight quarters, DeFi Development Corp.'s revenue compounded faster (181.5% 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.

Automotive Design and Development Ltd (ADD) was an English company responsible for the creation of the futuristic-looking Nova kit car. It was based in Southampton from 1971 to 1973 after which it moved to Accrington, Lancashire until 1975. ADD failed and the rights to the Nova were bought by Nova Cars in Mirfield, West Yorkshire in 1978, which continued until 1990. A low volume production run was made by Nova Developments in Cornwall in the 1990s and the company was sold to India-based Aerot...

BOLT vs DFDV — Head-to-Head

Bigger by revenue
DFDV
DFDV
1.9× larger
DFDV
$4.6M
$2.5M
BOLT
Higher net margin
DFDV
DFDV
1476.6% more per $
DFDV
1211.4%
-265.2%
BOLT
Faster 2-yr revenue CAGR
DFDV
DFDV
Annualised
DFDV
181.5%
-31.2%
BOLT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BOLT
BOLT
DFDV
DFDV
Revenue
$2.5M
$4.6M
Net Profit
$-6.6M
$56.0M
Gross Margin
98.1%
Operating Margin
-283.4%
Net Margin
-265.2%
1211.4%
Revenue YoY
647.2%
Net Profit YoY
58.4%
11995.1%
EPS (diluted)
$-9.38
$1.95

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
DFDV
DFDV
Q4 25
$2.5M
Q3 25
$2.2M
$4.6M
Q2 25
$1.8M
$2.0M
Q1 25
$1.2M
$287.2K
Q4 24
$0
$628.9K
Q3 24
$1.1M
$619.0K
Q2 24
$1.3M
$441.0K
Q1 24
$5.3M
$411.1K
Net Profit
BOLT
BOLT
DFDV
DFDV
Q4 25
$-6.6M
Q3 25
$-7.1M
$56.0M
Q2 25
$-8.6M
$15.4M
Q1 25
$-11.0M
$-778.0K
Q4 24
$-15.9M
$-487.0K
Q3 24
$-15.2M
$-471.0K
Q2 24
$-21.2M
$-805.0K
Q1 24
$-10.8M
$-964.0K
Gross Margin
BOLT
BOLT
DFDV
DFDV
Q4 25
Q3 25
98.1%
Q2 25
98.6%
Q1 25
Q4 24
98.8%
Q3 24
98.7%
Q2 24
98.2%
Q1 24
97.9%
Operating Margin
BOLT
BOLT
DFDV
DFDV
Q4 25
-283.4%
Q3 25
-355.1%
Q2 25
-510.5%
Q1 25
-991.4%
-307.5%
Q4 24
-107.9%
Q3 24
-1441.1%
-73.3%
Q2 24
-1772.3%
-193.2%
Q1 24
-324.1%
-247.7%
Net Margin
BOLT
BOLT
DFDV
DFDV
Q4 25
-265.2%
Q3 25
-329.4%
1211.4%
Q2 25
-474.6%
777.0%
Q1 25
-903.4%
-270.9%
Q4 24
-77.4%
Q3 24
-1330.1%
-76.1%
Q2 24
-1662.4%
-182.5%
Q1 24
-205.0%
-234.5%
EPS (diluted)
BOLT
BOLT
DFDV
DFDV
Q4 25
$-9.38
Q3 25
$-3.72
$1.95
Q2 25
$-4.46
$0.84
Q1 25
$-0.29
$-0.55
Q4 24
$-13.73
$0.55
Q3 24
$-7.93
$-0.05
Q2 24
$-11.12
$-0.08
Q1 24
$-0.28
$-0.70

Balance Sheet & Financial Strength

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

Metric
BOLT
BOLT
DFDV
DFDV
Cash + ST InvestmentsLiquidity on hand
$27.5M
$1.4M
Total DebtLower is stronger
$131.4M
Stockholders' EquityBook value
$26.5M
$243.8M
Total Assets
$56.7M
$480.0M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOLT
BOLT
DFDV
DFDV
Q4 25
$27.5M
Q3 25
$31.9M
$1.4M
Q2 25
$34.8M
$595.0K
Q1 25
$38.8M
$2.2M
Q4 24
$47.3M
$2.8M
Q3 24
$53.8M
$2.8M
Q2 24
$73.7M
$3.2M
Q1 24
$91.3M
$3.9M
Total Debt
BOLT
BOLT
DFDV
DFDV
Q4 25
Q3 25
$131.4M
Q2 25
$21.2M
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOLT
BOLT
DFDV
DFDV
Q4 25
$26.5M
Q3 25
$32.1M
$243.8M
Q2 25
$38.8M
$79.6M
Q1 25
$46.8M
$2.8M
Q4 24
$57.2M
$3.5M
Q3 24
$72.0M
$4.0M
Q2 24
$85.9M
$4.3M
Q1 24
$104.2M
$5.0M
Total Assets
BOLT
BOLT
DFDV
DFDV
Q4 25
$56.7M
Q3 25
$65.1M
$480.0M
Q2 25
$75.5M
$107.2M
Q1 25
$85.9M
$4.2M
Q4 24
$99.6M
$4.4M
Q3 24
$109.3M
$4.5M
Q2 24
$124.2M
$4.8M
Q1 24
$142.9M
$5.5M
Debt / Equity
BOLT
BOLT
DFDV
DFDV
Q4 25
Q3 25
0.54×
Q2 25
0.27×
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

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
DFDV
DFDV
Operating Cash FlowLast quarter
$-7.2M
$-5.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.09×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOLT
BOLT
DFDV
DFDV
Q4 25
$-7.2M
Q3 25
$-9.7M
$-5.0M
Q2 25
$-9.6M
$-1.3M
Q1 25
$-13.4M
$-785.6K
Q4 24
$-14.4M
$-2.4M
Q3 24
$-14.0M
$-412.0K
Q2 24
$-16.1M
$-680.8K
Q1 24
$-16.8M
$-1.1M
Free Cash Flow
BOLT
BOLT
DFDV
DFDV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-2.4M
Q3 24
$-14.0M
Q2 24
$-687.4K
Q1 24
$-1.2M
FCF Margin
BOLT
BOLT
DFDV
DFDV
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-388.2%
Q3 24
-1227.6%
Q2 24
-155.9%
Q1 24
-280.3%
Capex Intensity
BOLT
BOLT
DFDV
DFDV
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
3.7%
Q3 24
3.6%
0.0%
Q2 24
0.0%
1.5%
Q1 24
0.0%
1.6%
Cash Conversion
BOLT
BOLT
DFDV
DFDV
Q4 25
Q3 25
-0.09×
Q2 25
-0.08×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BOLT
BOLT

Segment breakdown not available.

DFDV
DFDV

Digital Asset Treasury$3.8M82%
Other$831.0K18%

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