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

PureCycle Technologies, Inc. is the larger business by last-quarter revenue ($2.7M vs $2.5M, roughly 1.1× Bolt Biotherapeutics, Inc.). Bolt Biotherapeutics, Inc. runs the higher net margin — -265.2% vs -697.1%, a 431.9% gap on every dollar of revenue.

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.

PureCycle Technologies, Inc. is a sustainable materials firm with proprietary advanced polypropylene recycling technology. It converts contaminated polypropylene waste into high-purity virgin-equivalent resin for use in consumer goods, automotive parts, packaging and industrial products, serving global partners.

BOLT vs PCT — Head-to-Head

Bigger by revenue
PCT
PCT
1.1× larger
PCT
$2.7M
$2.5M
BOLT
Higher net margin
BOLT
BOLT
431.9% more per $
BOLT
-265.2%
-697.1%
PCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BOLT
BOLT
PCT
PCT
Revenue
$2.5M
$2.7M
Net Profit
$-6.6M
$-18.8M
Gross Margin
Operating Margin
-283.4%
-2196.1%
Net Margin
-265.2%
-697.1%
Revenue YoY
Net Profit YoY
58.4%
71.0%
EPS (diluted)
$-9.38
$-0.14

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
PCT
PCT
Q4 25
$2.5M
$2.7M
Q3 25
$2.2M
$2.4M
Q2 25
$1.8M
$1.6M
Q1 25
$1.2M
$1.6M
Q4 24
$0
$0
Q3 24
$1.1M
$0
Q2 24
$1.3M
$0
Q1 24
$5.3M
$0
Net Profit
BOLT
BOLT
PCT
PCT
Q4 25
$-6.6M
$-18.8M
Q3 25
$-7.1M
$-28.4M
Q2 25
$-8.6M
$-144.2M
Q1 25
$-11.0M
$8.8M
Q4 24
$-15.9M
$-64.7M
Q3 24
$-15.2M
$-90.6M
Q2 24
$-21.2M
$-48.2M
Q1 24
$-10.8M
$-85.6M
Operating Margin
BOLT
BOLT
PCT
PCT
Q4 25
-283.4%
-2196.1%
Q3 25
-355.1%
-1602.2%
Q2 25
-510.5%
-2763.5%
Q1 25
-991.4%
-2387.4%
Q4 24
Q3 24
-1441.1%
Q2 24
-1772.3%
Q1 24
-324.1%
Net Margin
BOLT
BOLT
PCT
PCT
Q4 25
-265.2%
-697.1%
Q3 25
-329.4%
-1167.5%
Q2 25
-474.6%
-8741.8%
Q1 25
-903.4%
559.0%
Q4 24
Q3 24
-1330.1%
Q2 24
-1662.4%
Q1 24
-205.0%
EPS (diluted)
BOLT
BOLT
PCT
PCT
Q4 25
$-9.38
$-0.14
Q3 25
$-3.72
$-0.31
Q2 25
$-4.46
$-0.81
Q1 25
$-0.29
$0.05
Q4 24
$-13.73
$-0.40
Q3 24
$-7.93
$-0.54
Q2 24
$-11.12
$-0.29
Q1 24
$-0.28
$-0.52

Balance Sheet & Financial Strength

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

Metric
BOLT
BOLT
PCT
PCT
Cash + ST InvestmentsLiquidity on hand
$27.5M
$156.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.5M
$45.9M
Total Assets
$56.7M
$922.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOLT
BOLT
PCT
PCT
Q4 25
$27.5M
$156.7M
Q3 25
$31.9M
$234.4M
Q2 25
$34.8M
$284.1M
Q1 25
$38.8M
$22.5M
Q4 24
$47.3M
$15.7M
Q3 24
$53.8M
$83.7M
Q2 24
$73.7M
$10.9M
Q1 24
$91.3M
$25.0M
Stockholders' Equity
BOLT
BOLT
PCT
PCT
Q4 25
$26.5M
$45.9M
Q3 25
$32.1M
$68.2M
Q2 25
$38.8M
$98.9M
Q1 25
$46.8M
$238.2M
Q4 24
$57.2M
$180.4M
Q3 24
$72.0M
$241.4M
Q2 24
$85.9M
$291.6M
Q1 24
$104.2M
$336.8M
Total Assets
BOLT
BOLT
PCT
PCT
Q4 25
$56.7M
$922.7M
Q3 25
$65.1M
$989.1M
Q2 25
$75.5M
$1.0B
Q1 25
$85.9M
$787.3M
Q4 24
$99.6M
$798.4M
Q3 24
$109.3M
$788.8M
Q2 24
$124.2M
$719.8M
Q1 24
$142.9M
$734.0M

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
PCT
PCT
Operating Cash FlowLast quarter
$-7.2M
$-28.7M
Free Cash FlowOCF − Capex
$-42.0M
FCF MarginFCF / Revenue
-1559.6%
Capex IntensityCapex / Revenue
495.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-183.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOLT
BOLT
PCT
PCT
Q4 25
$-7.2M
$-28.7M
Q3 25
$-9.7M
$-38.5M
Q2 25
$-9.6M
$-36.7M
Q1 25
$-13.4M
$-38.9M
Q4 24
$-14.4M
$-31.8M
Q3 24
$-14.0M
$-33.4M
Q2 24
$-16.1M
$-40.4M
Q1 24
$-16.8M
$-39.2M
Free Cash Flow
BOLT
BOLT
PCT
PCT
Q4 25
$-42.0M
Q3 25
$-42.4M
Q2 25
$-45.3M
Q1 25
$-53.9M
Q4 24
$-53.4M
Q3 24
$-14.0M
$-42.6M
Q2 24
$-50.8M
Q1 24
$-53.5M
FCF Margin
BOLT
BOLT
PCT
PCT
Q4 25
-1559.6%
Q3 25
-1743.1%
Q2 25
-2747.1%
Q1 25
-3409.6%
Q4 24
Q3 24
-1227.6%
Q2 24
Q1 24
Capex Intensity
BOLT
BOLT
PCT
PCT
Q4 25
495.1%
Q3 25
160.3%
Q2 25
521.5%
Q1 25
949.6%
Q4 24
Q3 24
3.6%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
BOLT
BOLT
PCT
PCT
Q4 25
Q3 25
Q2 25
Q1 25
-4.40×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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