Bayfirst Financial Corp Financials
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).
Thin asset returns are being carried on a much more leveraged balance sheet, making shareholder results swing harder than cash does.
Between FY2024 and FY2025, cash and equivalents rose to$207.0M from$77.8M even as equity capital eroded, so the stronger cash position does not read like stronger earnings quality. With debt to equity at 14.9x and return on assets at-1.9% , the balance sheet amplified what was a thin asset-level shortfall into a much larger hit for shareholders.
The most important change is in asset productivity, not size: ROA moved from
The dividend cut to
Financial Health Signals
Bayfirst Financial Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Bayfirst Financial Corp passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.
Bayfirst Financial Corp reported a net loss of $24.6M while generating $288.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Bayfirst Financial Corp reported -$24.6M in net income in fiscal year 2025. This represents a decrease of 341.1% from the prior year.
Bayfirst Financial Corp earned -$6.32 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 402.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Bayfirst Financial Corp generated $288.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 26.3% from the prior year.
Bayfirst Financial Corp held $207.0M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Bayfirst Financial Corp paid $0.16 per share in dividends in fiscal year 2025. This represents a decrease of 33.3% from the prior year.
Margins & Returns
Bayfirst Financial Corp's ROE was -30.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 39.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Bayfirst Financial Corp spent $335K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
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.
Not reported for fiscal year 2025.
BAFN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | $28.4M-8.5% | $31.1M+0.3% | $31.0M+12.9% | $27.4M+10.2% | $24.9M-31.7% | $36.4M |
| Interest Expense | N/A | $40.0M-10.7% | $44.8M+39.6% | $32.1M+274.6% | $8.6M+17.3% | $7.3M-29.0% | $10.3M |
| Income Tax | N/A | -$8.5M-340.3% | $3.5M+66.0% | $2.1M+35.8% | $1.6M-42.0% | $2.7M-12.5% | $3.1M |
| Net Income | N/A | -$24.6M-341.1% | $10.2M+78.7% | $5.7M+1733.8% | -$349K-101.4% | $24.6M+93.8% | $12.7M |
| EPS (Diluted) | — | -$6.32-402.4% | $2.09+86.6% | $1.12 | -$0.22 | $5.91+96.3% | $3.01 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BAFN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $1.3B+0.9% | $1.3B+14.8% | $1.1B+19.1% | $938.9M+2.4% | $917.1M-40.6% | $1.5B |
| Cash & Equivalents | $207.0M+166.1% | $77.8M+33.2% | $58.4M-11.6% | $66.0M-39.8% | $109.7M+98.1% | $55.4M |
| Total Liabilities | $1.2B+3.1% | $1.2B+15.7% | $1.0B+20.1% | $847.0M+3.2% | $820.8M-44.3% | $1.5B |
| Total Equity | $81.6M-23.4% | $106.6M+7.9% | $98.8M+7.5% | $91.9M-4.6% | $96.3M+35.5% | $71.1M |
| Retained Earnings | $13.8M-65.4% | $39.8M+15.6% | $34.4M+2.7% | $33.5M-6.9% | $35.9M+168.5% | $13.4M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Long-Term Debt.
BAFN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $146.7M | $288.8M-26.6% | $393.4M-13.5% | $454.8M+3.3% | $440.3M-11.1% | $495.4M+559.4% | -$107.8M |
| Capital Expenditures | $141K | $300K-82.2% | $1.7M-77.7% | $7.6M-6.0% | $8.1M-38.5% | $13.1M+330.4% | $3.0M |
| Free Cash Flow | $146.6M | $288.5M-26.3% | $391.7M-12.4% | $447.2M+3.5% | $432.2M-10.4% | $482.3M+535.0% | -$110.9M |
| Investing Cash Flow | $57.3M | -$198.5M+61.7% | -$518.8M+19.1% | -$641.3M-25.6% | -$510.6M-345.9% | $207.6M+122.2% | -$933.4M |
| Financing Cash Flow | -$142.1M | $38.8M-73.2% | $144.8M-19.0% | $178.8M+570.4% | $26.7M+104.1% | -$648.7M-165.8% | $986.0M |
| Dividends Paid | $0 | $663K-49.9% | $1.3M+0.8% | $1.3M+2.0% | $1.3M+21.9% | $1.1M+15.4% | $915K |
| Share Buybacks | $0 | $335K | $0-100.0% | $13K-73.5% | $49K | $0 | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BAFN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Return on Equity | -30.1%-39.7pp | 9.6%+3.8pp | 5.8%+6.2pp | -0.4%-25.9pp | 25.6%+7.7pp | 17.9% |
| Return on Assets | -1.9%-2.7pp | 0.8%+0.3pp | 0.5%+0.6pp | 0.0%-2.7pp | 2.7%+1.9pp | 0.8% |
| Debt-to-Equity | 14.87+3.8x | 11.04+0.7x | 10.30+1.1x | 9.22+0.7x | 8.52-12.2x | 20.74 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.
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Where Bayfirst Financial Corp Ranks
Frequently Asked Questions
Is Bayfirst Financial Corp profitable?
No, Bayfirst Financial Corp (BAFN) reported a net income of -$24.6M in fiscal year 2025.
Does Bayfirst Financial Corp pay dividends?
Yes, Bayfirst Financial Corp (BAFN) paid $0.16 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 -30.1% 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 $288.5M in free cash flow during fiscal year 2025. This represents a -26.3% 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 $288.8M 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.
What is Bayfirst Financial Corp's debt-to-equity ratio?
Bayfirst Financial Corp (BAFN) had a debt-to-equity ratio of 14.87 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 -1.9% 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 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $24.6M while generating $288.8M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.