What is Bayfirst Financial Corp's earnings per share (EPS)?

Bayfirst Financial Corp (BAFN) reported diluted earnings per share of $-5.93 for fiscal year 2025. This represents a -326.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Bayfirst Financial Corp Financials

BAFN

Source SEC Filings (10-K/10-Q) Updated Mar 27, 2026 Currency USD FYE March

This page shows Bayfirst Financial Corp (BAFN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak

3/9

Bayfirst Financial Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Mixed

-12.44x

For every $1 of reported earnings, Bayfirst Financial Corp generates $-12.44 in operating cash flow ($285.3M OCF vs -$22.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$22.9M

YoY-282.0%

Bayfirst Financial Corp reported -$22.9M in net income in fiscal year 2025. This represents a decrease of 282.0% from the prior year.

EPS (Diluted)

$-5.93

YoY-326.3%

Bayfirst Financial Corp earned $-5.93 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 326.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$285.0M

YoY-26.7%

Bayfirst Financial Corp generated $285.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 26.7% from the prior year.

Cash & Debt

$207.0M

YoY+166.1%

5Y CAGR+30.2%

Bayfirst Financial Corp held $207.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.24

YoY-25.0%

5Y CAGR-2.2%

Bayfirst Financial Corp paid $0.24 per share in dividends in fiscal year 2025. This represents a decrease of 25.0% from the prior year.

Shares Outstanding

YoY-0.6%

5Y CAGR+3.3%

Bayfirst Financial Corp had 4M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-26.2%

YoY-37.6pp

5Y CAGR-44.1pp

Bayfirst Financial Corp's ROE was -26.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 37.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$335K

Bayfirst Financial Corp spent $335K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$300K

YoY-82.2%

5Y CAGR-37.1%

Bayfirst Financial Corp invested $300K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 82.2% from the prior year.

BAFN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$28.4M	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$405K-99.1%	$44.8M+39.6%	$32.1M+274.6%	$8.6M+17.3%	$7.3M-29.0%	$10.3M
Income Tax	-$7.9M-282.9%	$4.3M+103.6%	$2.1M+35.8%	$1.6M-42.0%	$2.7M-12.5%	$3.1M
Net Income	-$22.9M-282.0%	$12.6M+121.0%	$5.7M+1733.8%	-$349K-101.4%	$24.6M+93.8%	$12.7M
EPS (Diluted)	$-5.93-326.3%	$2.62+133.9%	$1.12+609.1%	$-0.22-103.7%	$5.91+96.3%	$3.01

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$10.4M+2.1%	$10.2M+4.9%	$9.7M	N/A	$12.0M+6.7%	$11.2M+7.7%	$10.4M	N/A
Income Tax	-$7.0M-1597.6%	-$412K-221.9%	-$128K	N/A	$398K+14.0%	$349K+17.9%	$296K	N/A
Net Income	-$18.9M-1428.1%	-$1.2M-269.3%	-$335K	N/A	$1.1M+31.3%	$866K+5.1%	$824K	N/A
EPS (Diluted)	$-4.66-1094.9%	$-0.39-129.4%	$-0.17	N/A	$0.18+50.0%	$0.12+9.1%	$0.11	N/A

BAFN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.3B+0.9%	$1.3B+15.3%	$1.1B+19.1%	$938.9M+2.4%	$917.1M-40.6%	$1.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$207.0M+166.1%	$77.8M+33.2%	$58.4M-11.6%	$66.0M-39.8%	$109.7M+98.1%	$55.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.2B+3.0%	$1.2B+15.8%	$1.0B+20.1%	$847.0M+3.2%	$820.8M-44.3%	$1.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$87.6M-21.1%	$110.9M+10.1%	$100.7M+9.6%	$91.9M-4.6%	$96.3M+35.5%	$71.1M
Retained Earnings	$19.8M-55.2%	$44.1M+28.3%	$34.4M+2.7%	$33.5M-6.9%	$35.9M+168.5%	$13.4M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$1.3B+0.2%	$1.3B+4.0%	$1.3B+0.3%	$1.3B+3.5%	$1.2B+2.2%	$1.2B+6.4%	$1.1B+2.4%	$1.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$118.5M+53.4%	$77.3M+22.4%	$63.2M-18.8%	$77.8M+20.8%	$64.4M+5.9%	$60.8M+5.7%	$57.5M-1.5%	$58.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.3B+1.7%	$1.2B+4.5%	$1.2B+0.4%	$1.2B+3.0%	$1.1B+2.3%	$1.1B+7.0%	$1.0B+2.6%	$1.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$89.7M-17.1%	$108.2M-1.7%	$110.1M-0.8%	$110.9M+8.4%	$102.3M+1.3%	$101.0M+0.3%	$100.6M-0.1%	$100.7M
Retained Earnings	$21.8M-46.9%	$41.1M-4.5%	$43.1M-2.4%	$44.1M+25.8%	$35.1M+1.2%	$34.7M+0.4%	$34.5M+0.3%	$34.4M

BAFN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$285.3M-26.9%	$390.5M-14.1%	$454.8M+3.3%	$440.3M-11.1%	$495.4M+559.4%	-$107.8M
Capital Expenditures	$300K-82.2%	$1.7M-77.7%	$7.6M-6.0%	$8.1M-38.5%	$13.1M+330.4%	$3.0M
Free Cash Flow	$285.0M-26.7%	$388.8M-13.1%	$447.2M+3.5%	$432.2M-10.4%	$482.3M+535.0%	-$110.9M
Investing Cash Flow	-$194.9M+62.2%	-$515.9M+19.5%	-$641.3M-25.6%	-$510.6M-345.9%	$207.6M+122.2%	-$933.4M
Financing Cash Flow	$38.8M-73.2%	$144.8M-19.0%	$178.8M+570.4%	$26.7M+104.1%	-$648.7M-165.8%	$986.0M
Dividends Paid	$663K-49.9%	$1.3M+0.8%	$1.3M+2.0%	$1.3M+21.9%	$1.1M+15.4%	$915K
Share Buybacks	$335K	$0-100.0%	$13K-73.5%	$49K	$0	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$47.3M-25.3%	$63.3M-14.7%	$74.2M-23.9%	$97.5M+7.4%	$90.8M+15.3%	$78.8M-36.3%	$123.5M-2.9%	$127.3M
Capital Expenditures	$10K-94.8%	$193K+164.4%	$73K+484.2%	-$19K-106.0%	$315K-19.2%	$390K-61.2%	$1.0M-27.4%	$1.4M
Free Cash Flow	$47.3M-25.0%	$63.1M-14.8%	$74.1M-24.0%	$97.4M+7.7%	$90.5M+15.4%	$78.4M-36.0%	$122.5M-2.7%	$125.9M
Investing Cash Flow	-$24.0M+76.9%	-$103.8M-12.1%	-$92.7M+11.2%	-$104.4M+6.1%	-$111.1M+25.8%	-$149.7M+0.7%	-$150.7M+7.4%	-$162.7M
Financing Cash Flow	$17.9M-67.2%	$54.7M+1314.4%	$3.9M-80.9%	$20.3M-15.3%	$24.0M-67.7%	$74.2M+182.3%	$26.3M+240.6%	-$18.7M
Dividends Paid	$0-100.0%	$331K-0.3%	$332K+0.6%	$330K-0.6%	$332K+0.6%	$330K-0.3%	$331K+0.9%	$328K
Share Buybacks	$0	$0-100.0%	$335K	$0	$0	$0	$0	$0

BAFN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-26.2%-37.6pp	11.4%+5.7pp	5.7%+6.0pp	-0.4%-25.9pp	25.6%+7.7pp	17.9%
Return on Assets	-1.8%-2.7pp	1.0%+0.5pp	0.5%+0.6pp	-0.0%-2.7pp	2.7%+1.9pp	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	13.85+3.2	10.61+0.5	10.10+0.9	9.22+0.7	8.52-12.2	20.74
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-21.1%-19.9pp	-1.1%-0.8pp	-0.3%	N/A	1.1%+0.3pp	0.9%+0.0pp	0.8%	N/A
Return on Assets	-1.4%-1.3pp	-0.1%-0.1pp	-0.0%	N/A	0.1%+0.0pp	0.1%0.0pp	0.1%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	14.00+2.6	11.42+0.7	10.74+0.1	10.61-0.6	11.17+0.1	11.06+0.7	10.37+0.3	10.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Bayfirst Financial Corp profitable?

No, Bayfirst Financial Corp (BAFN) reported a net income of -$22.9M in fiscal year 2025.

Does Bayfirst Financial Corp pay dividends?

Yes, Bayfirst Financial Corp (BAFN) paid $0.24 per share in dividends during fiscal year 2025.

What is Bayfirst Financial Corp's return on equity (ROE)?

Bayfirst Financial Corp (BAFN) has a return on equity of -26.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bayfirst Financial Corp's free cash flow?

Bayfirst Financial Corp (BAFN) generated $285.0M in free cash flow during fiscal year 2025. This represents a -26.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bayfirst Financial Corp's operating cash flow?

Bayfirst Financial Corp (BAFN) generated $285.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bayfirst Financial Corp's total assets?

Bayfirst Financial Corp (BAFN) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Bayfirst Financial Corp's capital expenditures?

Bayfirst Financial Corp (BAFN) invested $300K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Bayfirst Financial Corp buy back shares?

Yes, Bayfirst Financial Corp (BAFN) spent $335K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Bayfirst Financial Corp have outstanding?

Bayfirst Financial Corp (BAFN) had 4M shares outstanding as of fiscal year 2025.

What is Bayfirst Financial Corp's debt-to-equity ratio?

Bayfirst Financial Corp (BAFN) had a debt-to-equity ratio of 13.85 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bayfirst Financial Corp's return on assets (ROA)?

Bayfirst Financial Corp (BAFN) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bayfirst Financial Corp's Piotroski F-Score?

Bayfirst Financial Corp (BAFN) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bayfirst Financial Corp's earnings high quality?

Bayfirst Financial Corp (BAFN) has an earnings quality ratio of -12.44x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.