BayFirst Financial Corp. (BAFN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BAFN SEC filings page.
BayFirst Financial Corp. (BAFN) reported $34.2M in revenue over the twelve months to Jun 30, 2026, down 63.5% from the prior twelve months. This page shows its 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).
FY2025 earnings reversed sharply while assets held near $1.3B , increasing dependence on liabilities rather than equity.
The FY2025 revenue contraction coincided with a net loss of$24.6M , reversing FY2024's$10.2M profit; the change is a profitability break, not merely slower growth. At the same time, debt-to-equity climbed from 11.0x to 14.9x as equity shrank against a broadly larger asset base, making the balance sheet more liability-funded.
Reported operating cash flow was
Net margin moved from
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of BayFirst Financial Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
BayFirst Financial Corp. earned a return on assets of -1.9% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 0.8% the prior year. Earnings ranks banks on that return over three years, and BayFirst Financial Corp. scores 12/100 among other banks.
BayFirst Financial Corp. reported revenue of $63.1M in fiscal year 2025, against $96.0M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and BayFirst Financial Corp. scores 5/100 among other banks.
BayFirst Financial Corp. funded 6.3% of its assets with shareholders' equity at the end of fiscal year 2025, holding $81.6M of equity against $1.3B of assets. Capital ranks banks on that cushion, and BayFirst Financial Corp. scores 4/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. BayFirst Financial Corp. scores 9/100 on it among other banks.
Not available for BayFirst Financial Corp., and counted as zero in the overall score.
BayFirst Financial Corp. reported a net loss of $24.6M in fiscal year 2025, against $10.2M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and BayFirst Financial Corp. scores 3/100 among other banks.
BayFirst Financial Corp. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
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. generated $2.6M in revenue in Q2 2026. This represents a decrease of 88.5% from the same quarter a year earlier. Against the prior quarter it is down 74.7%.
BayFirst Financial Corp. reported -$32.7M in net income in Q2 2026. This represents a decrease of 1661.9% from the same quarter a year earlier. Against the prior quarter it is down 450.8%.
BayFirst Financial Corp. earned -$8.05 per diluted share (EPS) in Q2 2026. This represents a decrease of 1390.7% from the same quarter a year earlier. Against the prior quarter it is down 422.7%.
Not reported for Q2 2026.
Cash & Balance Sheet
BayFirst Financial Corp. generated $263K in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 99.6% from the same quarter a year earlier. Against the prior quarter it is up 108.2%.
BayFirst Financial Corp. held $139.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
BayFirst Financial Corp.'s ROE was -28.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 26.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 20.3 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
BayFirst Financial Corp. repurchased no shares in Q2 2026.
BayFirst Financial Corp. invested $100K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 48.2% from the same quarter a year earlier. Against the prior quarter it is up 1328.6%.
Not reported for Q2 2026.
BAFN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q/A | Q4'2510-Q | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q/A | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M-88.5% | $10.3M-45.9% | $11.0M-63.6% | $10.2M-52.8% | $22.7M+8.7% | $19.1M-17.0% | $30.4M+29.0% | $21.7M-5.9% |
| SG&A Expenses | $5.3M-34.3% | $5.1M-36.6% | $4.7M-36.3% | $7.6M-3.1% | $8.1M+3.6% | $8.0M-0.1% | $7.4M-1.3% | $7.9M-0.4% |
| Interest Expense | $6.9M-31.6% | $8.0M-17.5% | $9.8M-11.8% | $10.4M-13.5% | $10.2M-9.7% | $9.7M-7.3% | $11.1M+11.3% | $12.0M+30.0% |
| Income Tax | -$11.4M-1725.8% | -$2.0M-504.2% | -$439K-117.7% | -$7.1M-1872.6% | -$623K-278.5% | -$337K-213.9% | $2.5M+251.6% | $398K-40.9% |
| Net Income | -$32.7M-1661.9% | -$5.9M-532.2% | -$2.7M-136.6% | -$19.1M-1777.8% | -$1.9M-314.1% | -$938K-213.8% | $7.4M+344.9% | $1.1M-40.9% |
| EPS (Basic) | -$8.05-1390.7% | -$1.54-381.3% | -$0.70-130.7% | -$4.71-2716.7% | -$0.54-550.0% | -$0.32-390.9% | $2.28+612.5% | $0.18-57.1% |
| EPS (Diluted) | -$8.05-1390.7% | -$1.54-381.3% | -$0.70-131.5% | -$4.71 | -$0.54 | -$0.32 | $2.22 | $0.18-56.1% |
| Diluted Shares (Avg) | 4M-0.6% | 4M-0.8% | N/A | 4M | 4M | 4M | N/A | 4M-5.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
BAFN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q/A | Q4'2510-Q | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q/A | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B-15.1% | $1.2B-7.5% | $1.3B+0.9% | $1.3B+7.6% | $1.3B+9.8% | $1.3B+12.4% | $1.3B+14.8% | $1.2B+9.8% |
| Cash & Equivalents | $139.2M+80.0% | $134.5M+112.9% | $207.0M+166.1% | $118.5M+84.1% | $77.3M+27.2% | $63.2M+9.8% | $77.8M+33.2% | $64.4M-42.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.0B-17.5% | $1.1B-5.6% | $1.2B+3.1% | $1.3B+9.9% | $1.2B+10.6% | $1.2B+13.1% | $1.2B+15.7% | $1.1B+9.9% |
| Total Equity | $115.9M+12.9% | $75.6M-28.1% | $81.6M-23.4% | $84.0M-17.9% | $102.6M+1.7% | $105.1M+4.5% | $106.6M+7.9% | $102.3M+8.6% |
| Retained Earnings | -$26.4M-174.2% | $7.8M-79.4% | $13.8M-65.4% | $16.1M-54.1% | $35.5M+2.6% | $38.1M+10.5% | $39.8M+15.6% | $35.1M+5.0% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q/A | Q4'2510-Q | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q/A | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $363K-99.4% | -$3.2M-104.3% | $101.3M+1.0% | $48.2M-46.9% | $64.2M-18.5% | $75.1M-39.2% | $100.3M-21.2% | $90.8M-32.8% |
| Depreciation & Amortization | $511K-7.9% | $518K-6.3% | $531K-13.9% | $549K-17.7% | $555K-11.8% | $553K+0.4% | $617K+23.2% | $667K+8.3% |
| Stock-Based Compensation | N/A | $54K+307.7% | N/A | N/A | N/A | -$26K-140.0% | N/A | N/A |
| Capital Expenditures | $100K-48.2% | $7K-90.4% | $24K+26.3% | $10K-96.8% | $193K-50.5% | $73K-92.7% | -$19K-98.6% | $315K-31.5% |
| Free Cash Flow | $263K-99.6% | -$3.2M-104.3% | $101.3M+1.0% | $48.2M-46.7% | $64.0M-18.4% | $75.0M-38.8% | $100.3M-20.3% | $90.5M-32.8% |
| Investing Cash Flow | $29.4M+128.1% | $28.0M+130.0% | $24.8M+123.1% | -$24.9M+77.6% | -$104.7M+30.1% | -$93.6M+37.9% | -$107.2M+34.1% | -$111.1M+34.8% |
| Financing Cash Flow | -$24.3M-144.3% | -$98.2M-2638.5% | -$37.7M-285.6% | $17.9M-25.1% | $54.7M-26.3% | $3.9M-85.3% | $20.3M+208.6% | $24.0M-45.8% |
| Dividends Paid | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $331K+0.3% | $332K+0.3% | $330K+0.6% | $332K+1.2% |
| Share Buybacks | $0 | $0-100.0% | $0 | $0 | $0 | $335K | $0 | $0-100.0% |
BAFN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q/A | Q4'2510-Q | Q3'2510-K/A | Q2'2510-Q | Q1'2510-Q/A | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -1250.1% | -57.4%-52.5pp | -24.4%-48.6pp | -186.2% | -8.2%-12.3pp | -4.9%-8.5pp | 24.2%+17.2pp | 5.2%-3.1pp |
| Return on Equity | -28.2%-26.4pp | -7.8%-6.9pp | -3.3%-10.2pp | -22.7%-23.8pp | -1.8%-2.7pp | -0.9%-1.7pp | 6.9%+5.2pp | 1.1%-0.9pp |
| Return on Assets | -2.9%-2.7pp | -0.5%-0.4pp | -0.2%-0.8pp | -1.4%-1.5pp | -0.1%-0.2pp | -0.1%-0.1pp | 0.6%+0.4pp | 0.1%-0.1pp |
| Debt-to-Equity | 8.79-3.2x | 14.73+3.5x | 14.87+3.8x | 14.96+3.8x | 12.03+1.0x | 11.23+0.9x | 11.04+0.7x | 11.17+0.1x |
| Asset Turnover | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.020.0x | 0.010.0x | 0.020.0x | 0.020.0x |
| FCF Margin | 10.1% | -31.1% | 917.1% | 470.5% | 282.4% | 392.8% | 330.0% | 416.5% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| BayFirst Financial Corp. BAFN | FY2025 | $63.1M | -$24.6M | -39.0% | $133.7M | 6/100 |
| Home Federal Bancorp, Inc. of Louisiana HFBL | FY2026 | $24.5M | $6.2M | 25.2% | $73.2M | 33/100 |
| OptimumBank Holdings, Inc. OPHC | FY2025 | $49.4M | $16.6M | 33.7% | $109.9M | 63/100 |
| AmeriServ Financial Inc ASRV | FY2025 | $59.3M | $5.6M | 9.5% | $74.5M | 22/100 |
| Texas Community Bancshares, Inc. TCBS | FY2025 | $16.4M | $2.8M | 17.3% | $48.8M | 36/100 |
| Marathon Bancorp, Inc. MBBC | FY2026 | $9.0M | $1.8M | 19.8% | $45.4M | 36/100 |
Where BayFirst Financial Corp. Ranks
Frequently Asked Questions
What is BayFirst Financial Corp.'s annual revenue?
BayFirst Financial Corp. (BAFN) reported $63.1M in total revenue for fiscal year 2025. This represents a -34.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is BayFirst Financial Corp.'s revenue growing?
BayFirst Financial Corp. (BAFN) revenue declined by 34.3% year-over-year, from $96.0M to $63.1M in fiscal year 2025.
Is BayFirst Financial Corp. profitable?
No, BayFirst Financial Corp. (BAFN) reported a net income of -$24.6M in fiscal year 2025, with a net profit margin of -39.0%.
What is BayFirst Financial Corp.'s net profit margin?
BayFirst Financial Corp. (BAFN) had a net profit margin of -39.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
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 P/E ratio?
BayFirst Financial Corp. (BAFN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $133.7M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BayFirst Financial Corp.'s price-to-sales ratio?
BayFirst Financial Corp. (BAFN) trades at 3.9x sales, its market capitalization divided by revenue of $34.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $133.7M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is BayFirst Financial Corp.'s Piotroski F-Score?
BayFirst Financial Corp. (BAFN) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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.
How financially healthy is BayFirst Financial Corp.?
BayFirst Financial Corp. (BAFN) scores 6 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.