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).
A larger cash cushion is being offset by rising leverage and a shrinking equity buffer.
FY2025 looked more liquid on the surface because cash climbed to$207M from$77.8M . That liquidity gain was not balance-sheet strengthening: debt-to-equity reached 13.8x and return on equity fell to-26.2% , so the company held more cash while each dollar of capital supported more liabilities and produced a loss, meaning the larger cash line sat alongside weaker profitability and less capital support per dollar of assets.
From FY2023 to FY2025, total assets expanded from
The FY2025 earnings reversal does not read like an overhead blowout: SG&A dropped to
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 has elevated debt relative to equity (D/E of 13.85), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Bayfirst Financial Corp generates a -26.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 11.4% the prior year.
Bayfirst Financial Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
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
Earnings & Revenue
Bayfirst Financial Corp reported -$22.9M in net income in fiscal year 2025. This represents a decrease of 282.0% from the prior year.
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
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.
Bayfirst Financial Corp held $207.0M in cash against $0 in long-term debt as of fiscal year 2025.
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.
Bayfirst Financial Corp had 4M shares outstanding in fiscal year 2025. This represents a decrease of 0.6% from the prior year.
Margins & Returns
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
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.
BAFN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | $5.1M | N/A | $7.6M-5.9% | $8.1M+1.4% | $8.0M | N/A | $7.9M+0.6% | $7.8M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $8.0M | N/A | $10.4M+2.1% | $10.2M+4.9% | $9.7M | N/A | $12.0M+6.7% | $11.2M |
| Income Tax | -$2.0M | N/A | -$7.0M-1597.6% | -$412K-221.9% | -$128K | N/A | $398K+14.0% | $349K |
| Net Income | -$5.7M | N/A | -$18.9M-1428.1% | -$1.2M-269.3% | -$335K | N/A | $1.1M+31.3% | $866K |
| EPS (Diluted) | $-1.48 | N/A | $-4.66-1094.9% | $-0.39-129.4% | $-0.17 | N/A | $0.18+50.0% | $0.12 |
BAFN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-8.0% | $1.3B-3.4% | $1.3B+0.2% | $1.3B+4.0% | $1.3B+0.3% | $1.3B+3.5% | $1.2B+2.2% | $1.2B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $134.5M-35.0% | $207.0M+74.6% | $118.5M+53.4% | $77.3M+22.4% | $63.2M-18.8% | $77.8M+20.8% | $64.4M+5.9% | $60.8M |
| 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 | $1.1B-8.1% | $1.2B-3.5% | $1.3B+1.7% | $1.2B+4.5% | $1.2B+0.4% | $1.2B+3.0% | $1.1B+2.3% | $1.1B |
| 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 | $81.9M-6.5% | $87.6M-2.4% | $89.7M-17.1% | $108.2M-1.7% | $110.1M-0.8% | $110.9M+8.4% | $102.3M+1.3% | $101.0M |
| Retained Earnings | $14.1M-28.7% | $19.8M-9.5% | $21.8M-46.9% | $41.1M-4.5% | $43.1M-2.4% | $44.1M+25.8% | $35.1M+1.2% | $34.7M |
BAFN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.2M-103.2% | $100.5M+112.5% | $47.3M-25.3% | $63.3M-14.7% | $74.2M-23.9% | $97.5M+7.4% | $90.8M+15.3% | $78.8M |
| Capital Expenditures | $7K-70.8% | $24K+140.0% | $10K-94.8% | $193K+164.4% | $73K+484.2% | -$19K-106.0% | $315K-19.2% | $390K |
| Free Cash Flow | -$3.2M-103.2% | $100.5M+112.5% | $47.3M-25.0% | $63.1M-14.8% | $74.1M-24.0% | $97.4M+7.7% | $90.5M+15.4% | $78.4M |
| Investing Cash Flow | $28.9M+12.8% | $25.6M+206.5% | -$24.0M+76.9% | -$103.8M-12.1% | -$92.7M+11.2% | -$104.4M+6.1% | -$111.1M+25.8% | -$149.7M |
| Financing Cash Flow | -$98.2M-160.6% | -$37.7M-309.9% | $17.9M-67.2% | $54.7M+1314.4% | $3.9M-80.9% | $20.3M-15.3% | $24.0M-67.7% | $74.2M |
| Dividends Paid | $0 | $0 | $0-100.0% | $331K-0.3% | $332K+0.6% | $330K-0.6% | $332K+0.6% | $330K |
| Share Buybacks | $0 | $0 | $0 | $0-100.0% | $335K | $0 | $0 | $0 |
BAFN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | -6.9% | N/A | -21.1%-19.9pp | -1.1%-0.8pp | -0.3% | N/A | 1.1%+0.3pp | 0.9% |
| Return on Assets | -0.5% | N/A | -1.4%-1.3pp | -0.1%-0.1pp | -0.0% | N/A | 0.1%+0.0pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 13.61-0.2 | 13.85-0.2 | 14.00+2.6 | 11.42+0.7 | 10.74+0.1 | 10.61-0.6 | 11.17+0.1 | 11.06 |
| 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 $0.16 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 -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.
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 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) 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.
How financially healthy is Bayfirst Financial Corp?
Bayfirst Financial Corp (BAFN) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.