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Financials · BAFN

BayFirst Financial Corp. (BAFN) financials

For the twelve months ended Jun 30, 2026, BayFirst Financial Corp. reported $33.11M of revenue and -$60.37M of net income.

Revenue, TTM
$33.11M
Revenue growth, YoY
-64.7%
Net income, TTM
-$60.37M
Net margin
-182.3%
Free cash flow, TTM
$146.59M
EPS, diluted, TTM
-$15.05
Cash
$139.16M
Total debt
$1.25M
P/S
5.63
Market cap
$186.4M
Annual revenue$63.05M
FY2020FY2025
Annual net income-$24.57M
FY2020FY2025
Annual free cash flow$288.54M
FY2020FY2025

BAFN revenue and earnings growth

BAFN revenueQ2 2026$2.61M

Quarter YoY
-88.5%
QoQ
-74.7%
FY YoY
-34.3%
5Y CAGR
-13.6%

BAFN revenue was $2.61M in fiscal Q2 2026 (ended Jun 30, 2026), down 88.5% from a year earlier and down 74.7% from the prior quarter. For the full fiscal 2025 it was $63.05M, down 34.3% from fiscal 2024. Compound annual growth was -13.6% over 5 years. It rose in 3 of the last 5 fiscal years.

BAFN net incomeQ2 2026-$32.66M

BAFN net income was -$32.66M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$1.85M a year earlier. For the full fiscal 2025 it was -$24.57M, compared with $10.19M in fiscal 2024.

BAFN EPSQ2 2026-$8.05

BAFN diluted EPS was -$8.05 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.54 a year earlier. For the full fiscal 2025 it was -$6.32, compared with $2.09 in fiscal 2024.

BAFN free cash flowQ2 2026-$552.0K

FY YoY
-26.3%

BAFN free cash flow was -$552.0K in fiscal Q2 2026 (ended Jun 30, 2026), compared with $63.98M a year earlier. For the full fiscal 2025 it was $288.54M, down 26.3% from fiscal 2024. It rose in 1 of the last 4 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$63.05M$95.96M$86.19M$61.55M$58.50M$131.15M
Interest expense--$32.09M$8.57M$7.30M$10.28M
Pre-tax income-$33.02M$13.78M$8.03M$7.04M$11.72M$15.78M
Income tax-$8.45M$3.52M$2.12M$1.56M$2.69M$3.08M
Net income-$24.57M$10.19M$5.70M-$349.0K$24.62M$12.70M
EPS, basic-$6.32$2.09$1.16-$0.29$6.21$3.45
EPS, diluted-$6.32$2.09$1.12-$0.22$5.91$3.01
Diluted shares4.1M4.1M4.6M4.2M4.1M4.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$206.98M$77.79M$58.38M$66.05M$109.73M$55.38M
Total assets$1.29B$1.28B$1.12B$938.89M$917.10M$1.54B
Total debt$1.59M$1.93M$2.39M$2.84M$3.30M$3.75M
Total liabilities$1.21B$1.18B$1.02B$847.01M$820.80M$1.47B
Shareholders' equity$81.58M$106.56M$98.76M$91.88M$96.29M$71.07M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow$288.83M$393.39M$454.80M$440.25M$495.39M-$107.82M
Capital expenditures$300.0K$1.69M$7.58M$8.06M$13.12M$3.05M
Free cash flow$288.54M$391.70M$447.21M$432.19M$482.27M-$110.87M
Investing cash flow-$198.48M-$518.79M-$641.28M-$510.61M$207.62M-$933.38M
Financing cash flow$38.84M$144.80M$178.82M$26.67M-$648.66M$986.00M
Dividends paid$663.0K$1.32M$1.31M$1.29M$1.06M$915.0K
Share repurchases$335.0K$0$13.0K$49.0K$0-
Stock-based compensation$99.0K$396.0K$604.0K$763.0K$461.0K$373.0K
Depreciation and amortization$2.19M$2.46M$2.25M$1.72M$1.34M$1.41M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY-34.3%11.3%40.0%5.2%-55.4%-
Net income growth, YoY-78.7%--93.8%-
EPS growth, YoY-86.6%--96.3%-
Net margin-39.0%10.6%6.6%-0.6%42.1%9.7%
Free cash flow margin457.6%408.2%518.9%702.2%824.4%-84.5%
Return on equity-30.1%9.6%5.8%-0.4%25.6%17.9%
Return on assets-1.9%0.8%0.5%-0.0%2.7%0.8%
Debt to equity0.020.020.020.030.030.05

Source: XBRL data BayFirst Financial Corp. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BAFN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BAFN$33.11M-64.7%-$60.37M-182.3%$186.4M
JPM$203.15B+13.2%$65.98B32.5%$908.43B
BAC$120.16B+5.4%$32.24B26.8%$348.81B
WFC$87.23B+5.4%$22.97B26.3%$256.63B
C$85.22B+5.6%$14.31B16.8%$201.89B
UBS$49.57B+2.0%$7.80B15.7%$151.93B
MFG¥8.79T+7.6%¥1.16T13.2%$122.19B
COF$63.01B+31.2%$10.87B17.2%$119.45B
BNSC$37.74B+12.1%C$7.79B20.6%$114.51B

BAFN FAQ

8 questions
  • What is BAFN revenue?
    BayFirst Financial Corp. (BAFN) reported $33.11M of revenue for the twelve months ended Jun 30, 2026. That is down 64.7% from the year before. Revenue for fiscal 2025 was $63.05M.
  • Is BAFN profitable?
    No. BayFirst Financial Corp. reported a net loss of $60.37M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does BAFN have?
    BayFirst Financial Corp. reported $139.16M in cash and cash equivalents and $1.25M of debt on its most recent balance sheet in SEC filings.
  • How fast is BAFN revenue growing?
    BayFirst Financial Corp.'s revenue changed -34.3% in fiscal 2025, to $63.05M. Its compound annual growth rate was -13.6% over 5 years.
  • What is BAFN free cash flow?
    BayFirst Financial Corp. generated $146.59M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $146.73M less capital expenditures.
  • What is BAFN earnings per share?
    Diluted earnings per share were -$15.05 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BAFN last report financial results?
    The latest statements here come from BayFirst Financial Corp.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.
  • Where does this BAFN financial data come from?
    Quantisnow builds these statements from the structured XBRL data BayFirst Financial Corp. files with the SEC. It is provided for information only and is not investment advice.