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Bolt Biotherapeutics vs Rani Therapeutics Holdings

Bolt Biotherapeutics is the larger business, with $7.7m of revenue in fiscal 2025 against $1.6m for Rani Therapeutics Holdings (4.7 times as much). Rani Therapeutics Holdings grew faster (58.9% against 0.1%). Bolt Biotherapeutics kept more of each dollar of sales as profit: a net margin of -433.7% against -1817.1%. Bolt Biotherapeutics carries less debt relative to equity (0.0% against 0.0%).

Latest fiscal yearBolt BiotherapeuticsBOLT, 2025Rani Therapeutics HoldingsRANI, 2025
Revenue $7.7m $1.6m
Revenue growth 0.1% 58.9%
Net income −$33.4m −$29.7m
Operating margin -469.3% -2346.0%
Net margin -433.7% -1817.1%
Return on equity -79.7% -169.6%
Free cash flow −$39.9m −$18.8m
Cash $11.7m $18.6m
Total debt $0 $0
Debt to equity 0.0% 0.0%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 23 69
Market value $12.7m $104m
Price vs our value range — —
Moat score 12 (Weak) —
Insider trades, 12 months 4 buys, 9 sales 2 buys, 1 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.