What is Southern First's earnings per share (EPS)?

Southern First (SFST) reported diluted earnings per share of $3.72 for fiscal year 2025. This represents a 94.8% 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.

Southern First Financials

SFST

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Southern First (SFST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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

Financial Profile 46/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Southern First's revenue grew 13.0% year-over-year to $6.3M, a solid pace of expansion. This earns a growth score of 55/100.

Leverage

Southern First has elevated debt relative to equity (D/E of 10.94), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

Southern First converts 475.6% of revenue into free cash flow ($29.9M). This strong cash generation earns a score of 100/100.

Returns

Southern First generates a 8.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from 4.7% the prior year.

Piotroski F-Score Neutral

5/9

Southern First passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.00x

For every $1 of reported earnings, Southern First generates $1.00 in operating cash flow ($30.5M OCF vs $30.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.3M

YoY+13.0%

5Y CAGR-20.5%

10Y CAGR-18.1%

Southern First generated $6.3M in revenue in fiscal year 2025. This represents an increase of 13.0% from the prior year.

EBITDA

N/A

Net Income

$30.4M

YoY+95.5%

5Y CAGR+10.6%

10Y CAGR+11.6%

Southern First reported $30.4M in net income in fiscal year 2025. This represents an increase of 95.5% from the prior year.

EPS (Diluted)

$3.72

YoY+94.8%

5Y CAGR+9.7%

10Y CAGR+9.1%

Southern First earned $3.72 per diluted share (EPS) in fiscal year 2025. This represents an increase of 94.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$29.9M

YoY+20.6%

5Y CAGR+17.5%

10Y CAGR+6.8%

Southern First generated $29.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 20.6% from the prior year.

Cash & Debt

$269.6M

YoY+65.5%

5Y CAGR+21.8%

10Y CAGR+15.7%

Southern First held $269.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+0.8%

5Y CAGR+1.2%

10Y CAGR+2.7%

Southern First had 8M shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

483.4%

YoY+204.1pp

5Y CAGR+390.7pp

10Y CAGR+461.3pp

Southern First's net profit margin was 483.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 204.1 percentage points from the prior year.

Return on Equity

8.2%

YoY+3.5pp

5Y CAGR+0.2pp

10Y CAGR-2.5pp

Southern First's ROE was 8.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$581K

YoY-26.0%

5Y CAGR-39.7%

10Y CAGR-18.8%

Southern First invested $581K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 26.0% from the prior year.

SFST Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6.3M+13.0%	$5.6M+37.8%	$4.0M-3.9%	$4.2M-63.1%	$11.4M-42.5%	$19.8M
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	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
Interest Expense	$106.5M-11.2%	$120.0M+20.1%	$99.9M+398.7%	$20.0M+268.7%	$5.4M-63.8%	$15.0M
Income Tax	$9.2M+110.8%	$4.4M+9.5%	$4.0M-55.5%	$9.0M-36.1%	$14.1M+156.6%	$5.5M
Net Income	$30.4M+95.5%	$15.5M+15.7%	$13.4M-53.9%	$29.1M-37.7%	$46.7M+154.9%	$18.3M
EPS (Diluted)	$3.72+94.8%	$1.91+15.1%	$1.66-54.0%	$3.61-38.3%	$5.85+150.0%	$2.34

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.7M+5.6%	$1.6M+2.0%	$1.6M+10.2%	$1.4M+39.1%	$1.0M-29.3%	$1.4M-24.6%	$1.9M+65.2%	$1.2M
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	$25.8M-6.1%	$27.5M+1.6%	$27.0M+2.9%	$26.3M-8.4%	$28.7M-6.2%	$30.6M-1.4%	$31.0M+4.4%	$29.7M
Income Tax	$2.9M+9.0%	$2.7M+32.8%	$2.0M+22.3%	$1.6M+29.9%	$1.3M-5.9%	$1.3M+48.0%	$909K+5.5%	$862K
Net Income	$9.9M+13.8%	$8.7M+31.6%	$6.6M+25.0%	$5.3M-6.4%	$5.6M+28.4%	$4.4M+46.1%	$3.0M+18.9%	$2.5M
EPS (Diluted)	N/A	$1.07+32.1%	$0.81+24.6%	$0.65	N/A	$0.54+45.9%	$0.37+19.4%	$0.31

SFST Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.4B+7.7%	$4.1B+0.8%	$4.1B+9.9%	$3.7B+26.2%	$2.9B+17.8%	$2.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$269.6M+65.5%	$162.9M+4.3%	$156.2M+2592.6%	$5.8M+11.5%	$5.2M-94.8%	$100.7M
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	$4.0B+7.4%	$3.8B+0.4%	$3.7B+10.2%	$3.4B+28.3%	$2.6B+17.4%	$2.3B
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	$368.7M+11.6%	$330.4M+5.8%	$312.5M+6.1%	$294.5M+6.0%	$277.9M+21.7%	$228.3M
Retained Earnings	$251.4M+13.7%	$221.1M+7.6%	$205.5M+7.0%	$192.1M+15.9%	$165.8M+39.2%	$119.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$4.4B+1.0%	$4.4B+1.2%	$4.3B+0.6%	$4.3B+4.8%	$4.1B-2.1%	$4.2B+1.6%	$4.1B+0.1%	$4.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$269.6M-4.7%	$282.9M+4.4%	$271.0M-11.2%	$305.1M+87.3%	$162.9M-37.5%	$260.6M+33.7%	$194.8M+16.4%	$167.3M
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	$4.0B+0.8%	$4.0B+1.0%	$4.0B+0.4%	$3.9B+5.0%	$3.8B-2.4%	$3.8B+1.5%	$3.8B0.0%	$3.8B
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	$368.7M+3.5%	$356.3M+3.2%	$345.5M+2.3%	$337.6M+2.2%	$330.4M+1.2%	$326.5M+2.4%	$318.7M+1.1%	$315.3M
Retained Earnings	$251.4M+4.1%	$241.6M+3.7%	$232.9M+2.9%	$226.3M+2.4%	$221.1M+2.6%	$215.4M+2.1%	$211.1M+1.4%	$208.1M

SFST Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$30.5M+19.2%	$25.6M+44.8%	$17.7M-64.9%	$50.3M-35.6%	$78.1M+278.6%	$20.6M
Capital Expenditures	$581K-26.0%	$785K-36.8%	$1.2M-91.1%	$13.9M-47.4%	$26.5M+264.3%	$7.3M
Free Cash Flow	$29.9M+20.6%	$24.8M+51.0%	$16.4M-54.9%	$36.4M-29.5%	$51.6M+286.4%	$13.3M
Investing Cash Flow	-$206.3M-614.9%	-$28.9M+92.4%	-$378.6M+52.2%	-$792.6M-93.0%	-$410.6M-77.9%	-$230.8M
Financing Cash Flow	$282.6M+2727.4%	$10.0M-97.1%	$346.2M-53.6%	$745.9M+86.9%	$399.1M+118.1%	$183.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$2.1M-114.4%	$14.5M+38.3%	$10.5M+38.2%	$7.6M+519.6%	-$1.8M-106.9%	$26.3M+565.1%	$4.0M+235.4%	-$2.9M
Capital Expenditures	$272K+209.1%	$88K+10.0%	$80K-43.3%	$141K-35.3%	$218K+11.8%	$195K+112.0%	$92K-67.1%	$280K
Free Cash Flow	-$2.4M-116.4%	$14.4M+38.5%	$10.4M+39.7%	$7.4M+467.5%	-$2.0M-107.7%	$26.1M+575.8%	$3.9M+220.7%	-$3.2M
Investing Cash Flow	-$52.5M-21.5%	-$43.2M+28.2%	-$60.2M-19.5%	-$50.4M-289.3%	-$12.9M-60.6%	-$8.1M-133.1%	$24.4M+175.6%	-$32.2M
Financing Cash Flow	$41.3M+1.7%	$40.6M+158.3%	$15.7M-91.5%	$185.0M+323.0%	-$83.0M-274.7%	$47.5M+5947.2%	-$812K-101.8%	$46.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SFST 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	483.4%+204.1pp	279.3%-53.3pp	332.7%-360.9pp	693.5%+282.9pp	410.6%+318.0pp	92.6%
Return on Equity	8.2%+3.5pp	4.7%+0.4pp	4.3%-5.6pp	9.9%-6.9pp	16.8%+8.8pp	8.0%
Return on Assets	0.7%+0.3pp	0.4%+0.1pp	0.3%-0.5pp	0.8%-0.8pp	1.6%+0.9pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.94-0.4	11.37-0.6	11.98+0.4	11.54+2.0	9.53-0.3	9.87
FCF Margin	475.6%+30.0pp	445.6%+38.9pp	406.6%-459.4pp	866.0%+412.8pp	453.2%+385.8pp	67.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	583.6%+42.2pp	541.4%+121.9pp	419.4%+49.6pp	369.8%-179.7pp	549.5%+247.1pp	302.4%+146.5pp	156.0%-60.7pp	216.7%
Return on Equity	2.7%+0.2pp	2.4%+0.5pp	1.9%+0.3pp	1.6%-0.1pp	1.7%+0.4pp	1.3%+0.4pp	0.9%+0.1pp	0.8%
Return on Assets	0.2%+0.0pp	0.2%+0.1pp	0.1%+0.0pp	0.1%-0.0pp	0.1%+0.0pp	0.1%+0.0pp	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	10.94-0.3	11.23-0.2	11.47-0.2	11.69+0.3	11.37-0.4	11.78-0.1	11.89-0.1	12.02
FCF Margin	-139.6%-1039.5pp	899.9%+237.4pp	662.5%+140.0pp	522.5%+720.3pp	-197.8%-2001.4pp	1803.7%+1602.6pp	201.1%+476.4pp	-275.3%

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Frequently Asked Questions

What is Southern First's annual revenue?

Southern First (SFST) reported $6.3M in total revenue for fiscal year 2025. This represents a 13.0% 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 Southern First's revenue growing?

Southern First (SFST) revenue grew by 13% year-over-year, from $5.6M to $6.3M in fiscal year 2025.

Is Southern First profitable?

Yes, Southern First (SFST) reported a net income of $30.4M in fiscal year 2025, with a net profit margin of 483.4%.

What is Southern First's net profit margin?

Southern First (SFST) had a net profit margin of 483.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Southern First's return on equity (ROE)?

Southern First (SFST) has a return on equity of 8.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Southern First's free cash flow?

Southern First (SFST) generated $29.9M in free cash flow during fiscal year 2025. This represents a 20.6% 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 Southern First's operating cash flow?

Southern First (SFST) generated $30.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Southern First's total assets?

Southern First (SFST) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Southern First's capital expenditures?

Southern First (SFST) invested $581K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Southern First have outstanding?

Southern First (SFST) had 8M shares outstanding as of fiscal year 2025.

What is Southern First's debt-to-equity ratio?

Southern First (SFST) had a debt-to-equity ratio of 10.94 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Southern First's return on assets (ROA)?

Southern First (SFST) had a return on assets of 0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Southern First's Piotroski F-Score?

Southern First (SFST) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Southern First's earnings high quality?

Southern First (SFST) has an earnings quality ratio of 1.00x, considered cash-backed (high 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 Southern First?

Southern First (SFST) scores 46 out of 100 on our Financial Profile, indicating moderate 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.