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

Bolt Biotherapeutics, Inc. is the larger business by last-quarter revenue ($2.5M vs $2.2M, roughly 1.1× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -265.2%, a 287.5% gap on every dollar of revenue. Over the past eight quarters, Marathon Bancorp, Inc.'s revenue compounded faster (20.3% 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.

Marathon Bancorp, Inc. is a Maryland-based financial holding company that primarily operates through its community bank subsidiary. It offers a full range of retail and commercial banking products including deposit accounts, consumer loans, commercial mortgages, and small business financing, serving individual and small-to-medium enterprise customers across local markets in Maryland.

BOLT vs MBBC — Head-to-Head

Bigger by revenue
BOLT
BOLT
1.1× larger
BOLT
$2.5M
$2.2M
MBBC
Higher net margin
MBBC
MBBC
287.5% more per $
MBBC
22.3%
-265.2%
BOLT
Faster 2-yr revenue CAGR
MBBC
MBBC
Annualised
MBBC
20.3%
-31.2%
BOLT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BOLT
BOLT
MBBC
MBBC
Revenue
$2.5M
$2.2M
Net Profit
$-6.6M
$501.4K
Gross Margin
Operating Margin
-283.4%
26.2%
Net Margin
-265.2%
22.3%
Revenue YoY
41.7%
Net Profit YoY
58.4%
880.7%
EPS (diluted)
$-9.38
$0.19

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
MBBC
MBBC
Q4 25
$2.5M
$2.2M
Q3 25
$2.2M
$2.1M
Q2 25
$1.8M
$1.9M
Q1 25
$1.2M
$1.7M
Q4 24
$0
$1.6M
Q3 24
$1.1M
$1.6M
Q2 24
$1.3M
$1.6M
Q1 24
$5.3M
$1.6M
Net Profit
BOLT
BOLT
MBBC
MBBC
Q4 25
$-6.6M
$501.4K
Q3 25
$-7.1M
$444.3K
Q2 25
$-8.6M
$-332.0K
Q1 25
$-11.0M
$148.4K
Q4 24
$-15.9M
$51.1K
Q3 24
$-15.2M
$174.9K
Q2 24
$-21.2M
$85.8K
Q1 24
$-10.8M
$-631.1K
Operating Margin
BOLT
BOLT
MBBC
MBBC
Q4 25
-283.4%
26.2%
Q3 25
-355.1%
25.5%
Q2 25
-510.5%
-25.7%
Q1 25
-991.4%
11.6%
Q4 24
3.3%
Q3 24
-1441.1%
13.4%
Q2 24
-1772.3%
4.1%
Q1 24
-324.1%
-53.7%
Net Margin
BOLT
BOLT
MBBC
MBBC
Q4 25
-265.2%
22.3%
Q3 25
-329.4%
20.7%
Q2 25
-474.6%
-18.9%
Q1 25
-903.4%
8.9%
Q4 24
3.2%
Q3 24
-1330.1%
10.8%
Q2 24
-1662.4%
6.2%
Q1 24
-205.0%
-40.7%
EPS (diluted)
BOLT
BOLT
MBBC
MBBC
Q4 25
$-9.38
$0.19
Q3 25
$-3.72
$0.17
Q2 25
$-4.46
$-0.13
Q1 25
$-0.29
$0.07
Q4 24
$-13.73
$0.02
Q3 24
$-7.93
$0.06
Q2 24
$-11.12
$0.07
Q1 24
$-0.28
$-0.31

Balance Sheet & Financial Strength

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

Metric
BOLT
BOLT
MBBC
MBBC
Cash + ST InvestmentsLiquidity on hand
$27.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.5M
$46.9M
Total Assets
$56.7M
$248.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOLT
BOLT
MBBC
MBBC
Q4 25
$27.5M
Q3 25
$31.9M
Q2 25
$34.8M
Q1 25
$38.8M
Q4 24
$47.3M
Q3 24
$53.8M
Q2 24
$73.7M
Q1 24
$91.3M
Stockholders' Equity
BOLT
BOLT
MBBC
MBBC
Q4 25
$26.5M
$46.9M
Q3 25
$32.1M
$46.3M
Q2 25
$38.8M
$45.7M
Q1 25
$46.8M
$32.0M
Q4 24
$57.2M
$31.7M
Q3 24
$72.0M
$31.6M
Q2 24
$85.9M
$31.3M
Q1 24
$104.2M
$31.4M
Total Assets
BOLT
BOLT
MBBC
MBBC
Q4 25
$56.7M
$248.0M
Q3 25
$65.1M
$246.0M
Q2 25
$75.5M
$238.8M
Q1 25
$85.9M
$236.8M
Q4 24
$99.6M
$217.9M
Q3 24
$109.3M
$216.5M
Q2 24
$124.2M
$219.3M
Q1 24
$142.9M
$225.8M

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
MBBC
MBBC
Operating Cash FlowLast quarter
$-7.2M
$1.4M
Free Cash FlowOCF − Capex
$1.4M
FCF MarginFCF / Revenue
62.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
2.82×
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOLT
BOLT
MBBC
MBBC
Q4 25
$-7.2M
$1.4M
Q3 25
$-9.7M
$464.0K
Q2 25
$-9.6M
$1.4M
Q1 25
$-13.4M
$849.0K
Q4 24
$-14.4M
$113.6K
Q3 24
$-14.0M
$945.2K
Q2 24
$-16.1M
$416.6K
Q1 24
$-16.8M
$-802.1K
Free Cash Flow
BOLT
BOLT
MBBC
MBBC
Q4 25
$1.4M
Q3 25
$456.6K
Q2 25
$1.3M
Q1 25
$773.2K
Q4 24
$105.0K
Q3 24
$-14.0M
$921.6K
Q2 24
$-1.8M
Q1 24
$-1.1M
FCF Margin
BOLT
BOLT
MBBC
MBBC
Q4 25
62.3%
Q3 25
21.3%
Q2 25
66.0%
Q1 25
46.3%
Q4 24
6.6%
Q3 24
-1227.6%
57.1%
Q2 24
-118.5%
Q1 24
-67.9%
Capex Intensity
BOLT
BOLT
MBBC
MBBC
Q4 25
0.6%
Q3 25
0.3%
Q2 25
9.3%
Q1 25
4.5%
Q4 24
0.5%
Q3 24
3.6%
1.5%
Q2 24
0.0%
145.2%
Q1 24
0.0%
16.2%
Cash Conversion
BOLT
BOLT
MBBC
MBBC
Q4 25
2.82×
Q3 25
1.04×
Q2 25
Q1 25
5.72×
Q4 24
2.22×
Q3 24
5.40×
Q2 24
4.85×
Q1 24

Financial Flow Comparison

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

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