Bolt Projects Holdings, Inc. BSLK

Competitive advantage analysis · financial-services

Corporate Default
Overall moat score
22/100
Weak

About Bolt Projects Holdings, Inc.

Bolt Projects Holdings, Inc. develops and produces biomaterials products in the United States. It offers b-silk and xl-silk that are biodegradable and vegan protein polymer and replacement for silicone elastomers in beauty and personal care. The company was founded in 2009 and is based in San Francisco, California. Full BSLK analysis →

Competitive advantage assessment

Key strengths

  • Strong Liquidity Buffer Liquidity position is strong (score 0.82), providing operational cushion.
  • Operating Leverage in Effect Operating leverage is evident (score 0.75), with margins expanding over time.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 15.4th percentile with high volatility suggests weak pricing power or commoditized products.
  • ROIC Below WACC or Peers ROIC at 1.2th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
11

Where BSLK ranks in Shell Companies

Bolt Projects Holdings, Inc. ranks #215 of 316 scored companies in Shell Companies by moat score — the top 68%. The widest moat in the group is AI TRANSPORTATION ACQUISITION C (AITR) at 97/100.

Moat scores for companies ranked near BSLK in Shell Companies
# Company Moat score Rating
211 Plum Acquisition Corp. III PLMJ 25/100 Developing
212 Unusual Machines, Inc. UMAC 25/100 Weak
213 Flag Ship Acquisition Corp. FSHP 24/100 Weak
214 Flag Ship Acquisition Corp. FSHPU 24/100 Weak
215 Bolt Projects Holdings, Inc. BSLK 22/100 Weak
216 Bolt Projects Holdings, Inc. BSLKW 22/100 Weak
217 Spark I Acquisition Corp. SPKL 22/100 Weak
218 Spark I Acquisition Corp. SPKLU 22/100 Weak
219 Spark I Acquisition Corp. Warra SPKLW 22/100 Weak

See every Biotech / Pre-Revenue company ranked by moat score →

How BSLK scores on the Corporate Default defenses

Pricing Power

Score 10 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 8 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 27 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 12 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 35 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 39 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding BSLK's moat

What is Bolt Projects Holdings, Inc.'s moat score?

Bolt Projects Holdings, Inc. (BSLK) scores 22 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #215 of 316 scored companies in Shell Companies, the top 68%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 315 companies in Shell Companies. Its strongest defense is Scale & Market Position (39/100) and its weakest is Cost Advantage (8/100).

How does Bolt Projects Holdings, Inc. compare with other Shell Companies companies?

Bolt Projects Holdings, Inc. ranks #215 of 316 scored companies in Shell Companies by moat score. The widest moat in Shell Companies is AI TRANSPORTATION ACQUISITION C (AITR) at 97/100. The companies ranked closest are Flag Ship Acquisition Corp. (FSHPU) at 24 just above it and Bolt Projects Holdings, Inc. (BSLKW) at 22 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 315 companies in Shell Companies. The defenses are then weighted to produce the overall score out of 100.

Why is Bolt Projects Holdings, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Bolt Projects Holdings, Inc.?

The Corporate Default template measures 6 defenses, and BSLK scores: Pricing Power (10), Cost Advantage (8), Customer Stickiness (27), Capital Efficiency (12), Resilience (35), Scale & Market Position (39). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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