NASDAQ · Financial Statements

BayFirst Financial Corp. (BAFN) Financial Statements

$6.88 NASDAQ: BAFN Market Cap $28.26M

BayFirst Financial Corp. most recently reported annual revenue of $104.0M, a net loss of $23.0M. Revenue declined at an average annual rate of 4.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

BayFirst Financial Corp.: Revenue rose from $21.0M in 2016 to $104.0M in 2025, a change of +395.2% over 9 years; net profit was positive in 7 of 12 reported years; operating margin moved from 33.0% to -29.6%, a shift of -62.6 percentage points; the most recent year shows a net loss of $23.0M.

Income Statement — 12 Years (USD millions)

Metric201320142016201720182019202020212022202320242025
Revenue——$21.0M$35.0M$48.0M$75.0M$134.0M$63.0M$66.0M$111.0M$125.0M$104.0M
Operating Expenses——$14.0M$30.0M$50.0M$69.0M$118.0M$52.0M$59.0M$103.0M$108.0M$135.0M
Operating Profit——$7.0M$6.0M$-2.0M$6.0M$16.0M$12.0M$7.0M$8.0M$17.0M$-31.0M
Operating Margin0.0%0.0%33.0%16.0%-3.5%8.4%11.8%18.5%10.6%7.3%13.6%-29.6%
Other Income——$0$0$0$0$0$0$0$0$0$0
Interest$0$0$1.0M$2.0M$4.0M$8.0M$10.0M$7.0M$9.0M$32.0M$45.0M$40.0M
Depreciation$0$0$0$0$4.0M$5.0M$5.0M$4.0M$5.0M$7.0M$9.0M$9.0M
Profit Before Tax——$7.0M$6.0M$-2.0M$6.0M$16.0M$12.0M$7.0M$8.0M$17.0M$-31.0M
Tax——$37.7M$40.5M$27.8M$28.8M$19.5M$23.0M$22.2M$26.4M$25.4M$25.6M
Net Profit——$4.0M$3.0M$-1.0M$4.0M$13.0M$25.0M$0$6.0M$13.0M$-23.0M
EPS$0.00$0.00$2.41$1.51$-0.43$1.27$3.01$5.91$-0.29$1.12$2.41$-5.91
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$30.0M$31.0M$32.0M$30.0M$32.0M$32.0M$28.0M$31.0M$17.0M$21.0M$17.0M$10.0M
Operating Expenses$28.0M$28.0M$31.0M$29.0M$30.0M$19.0M$29.0M$32.0M$43.0M$24.0M$26.0M$54.0M
Operating Profit$3.0M$2.0M$1.0M$1.0M$2.0M$13.0M$0$-2.0M$-26.0M$-3.0M$-9.0M$-44.0M
Operating Margin8.7%7.7%3.7%4.1%4.8%41.3%-1.6%-5.4%-149.4%-13.5%-48.8%-460.9%
Interest$9.0M$10.0M$10.0M$11.0M$12.0M$11.0M$10.0M$10.0M$10.0M$10.0M$8.0M$7.0M
Profit Before Tax$3.0M$2.0M$1.0M$1.0M$2.0M$13.0M$0$-2.0M$-26.0M$-3.0M$-8.0M$-44.0M
Tax$25.5M$29.8M$25.1M$28.5M$25.9M$25.1M$27.6M$25.0M$27.0M$12.7M$25.6M$25.8M
Net Profit$2.0M$2.0M$1.0M$1.0M$1.0M$10.0M$0$-1.0M$-19.0M$-2.0M$-6.0M$-33.0M
EPS$0.41$0.32$0.11$0.12$0.18$2.11$-0.17$-0.39$-4.66$-0.69$-1.48$-8.07

Over the 12 years reported for BayFirst Financial Corp., cash stood at $207.0M in the latest year, shareholders' equity was $54.0M, current assets covered current liabilities 0.18 times.

Balance Sheet — 12 Years (USD millions)

Metric201320142016201720182019202020212022202320242025
Total Assets——$152.0M$261.0M$365.0M$531.0M$1.5B$917.0M$939.0M$1.1B$1.3B$1.3B
Current Assets——$0$0$34.0M$115.0M$65.0M$147.0M$118.0M$110.0M$98.0M$215.0M
Cash——$0$0$33.0M$113.0M$58.0M$112.0M$71.0M$63.0M$80.0M$207.0M
Inventory——$0$0$0$0$0$0$0$0$0$0
Receivables——$0$0$2.0M$2.0M$7.0M$4.0M$4.0M$7.0M$9.0M$8.0M
Fixed Assets——$0$0$11.0M$19.0M$22.0M$33.0M$39.0M$41.0M$49.0M$46.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$305.0M$380.0M$1.4B$721.0M$770.0M$945.0M$1.1B$974.0M
Other Assets——$0$0$0$0$0$0$0$0$0$0
Total Liabilities——$0$0$327.0M$480.0M$1.5B$821.0M$847.0M$1.0B$1.2B$1.2B
Current Liabilities——$0$0$313.0M$455.0M$579.0M$731.0M$808.0M$986.0M$1.1B$1.2B
Borrowings$0$0$0$0$14.0M$24.0M$14.0M$13.0M$37.0M$21.0M$22.0M$21.0M
Other Liabilities——$0$0$313.0M$455.0M$1.5B$808.0M$810.0M$996.0M$1.2B$1.2B
Equity——$0$0$36.0M$41.0M$43.0M$51.0M$53.0M$55.0M$55.0M$54.0M
Reserves——$16.0M$32.0M$38.0M$51.0M$71.0M$96.0M$92.0M$101.0M$111.0M$88.0M

For BayFirst Financial Corp., operating cash flow was positive in 6 of 12 reported years; free cash flow in the latest year was $285.0M; free cash flow was positive in 6 of 12 years.

Cash Flow Statement — 12 Years (USD millions)

Metric201320142016201720182019202020212022202320242025
Operating Cash Flow$0$-2.0M——$7.0M$-39.0M$-108.0M$495.0M$440.0M$455.0M$391.0M$285.0M
Investing Cash Flow$-2.0M$-10.0M——$-112.0M$-45.0M$-936.0M$195.0M$-519.0M$-649.0M$-518.0M$-195.0M
Financing Cash Flow$1.0M$4.0M——$109.0M$142.0M$110.0M$163.0M$73.0M$190.0M$158.0M$40.0M
Net Cash Flow$-1.0M$-4.0M——$6.0M$82.0M$-55.0M$54.0M$-44.0M$-8.0M$19.0M$129.0M
Free Cash Flow$0$-4.0M$0$0$3.0M$-46.0M$-111.0M$482.0M$432.0M$447.0M$389.0M$285.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y-60.89%
Return 3Y-54.29%
Return 5Y-76.29%

BayFirst Financial Corp. (BAFN) financials — frequently asked questions

What is BayFirst Financial Corp.'s annual revenue?

BayFirst Financial Corp. (BAFN) reported annual revenue of $104.0M in its most recent fiscal year.

What is BayFirst Financial Corp.'s net profit?

BayFirst Financial Corp. (BAFN) reported a net loss of $23.0M in its most recent fiscal year.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Financial Services StocksLow P/E Financial Services StocksHigh Net Margin Financial Services StocksDividend Financial Services StocksLow Debt Financial Services StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNasdaq High ROE StocksAll stock screens
BAFN Overview BAFN Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.