BayFirst Financial Corp. (BAFN) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, BayFirst Financial reported revenue of $64.2M, down 34.8% from $98.5M the year before. Net income was -$22.9M (a -35.7% net margin), or -$5.93 per diluted share. Net interest income was $45.8M, and the efficiency ratio (noninterest expense / revenue) was 109.7%. Operating activities generated $285.3M of cash, leaving $285.0M of free cash flow. At fiscal year end, BayFirst Financial held $1.30B in total assets against $1.21B in total liabilities, including $207.0M of cash and equivalents.
Open the full interactive BayFirst Financial financials → Quarterly statements, key ratios, valuation history and price charts.
BayFirst Financial Key Stats
| Share Price | $5.20 |
|---|---|
| Market Cap | $21.4M |
| Revenue YoY Growth | -34.8% |
| 52-Week Range | $4.55 – $9.70 |
| Shares Outstanding | 4.1 million (basic, 2026 Q2) |
BayFirst Financial Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Net Interest Income | $40.2M | $30.0M | $36.4M | $38.0M | $45.8M |
| Provision for Credit Losses | -$3.5M | -$700,000 | $10.4M | $14.7M | $24.6M |
| Noninterest Income | $117.6M | $31.6M | $49.8M | $60.5M | $18.4M |
| Noninterest Expense | $128.8M | $55.2M | $67.7M | $66.8M | $70.4M |
| Revenue | $157.8M | $61.5M | $86.2M | $98.5M | $64.2M |
| Pre-Tax Income | $32.5M | $7.0M | $8.0M | $17.0M | -$30.8M |
| Income Tax | $7.9M | $1.6M | $2.1M | $4.3M | -$7.9M |
| Net Income | $24.6M | -$349,000 | $5.7M | $12.6M | -$22.9M |
| Diluted EPS | $5.74 | -$0.22 | $1.12 | $2.62 | -$5.93 |
BayFirst Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $10.2M | $11.1M | $10.3M | $2.6M |
| Net Income | -$18.9M | -$2.5M | -$5.7M | -$32.7M |
| Diluted EPS | -$4.66 | -$0.60 | -$1.48 | -$8.05 |
BayFirst Financial Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $109.7M | $66.0M | $58.4M | $77.8M | $207.0M |
| Loans (Net) | $560.9M | $692.5M | $810.7M | $990.2M | $887.8M |
| Total Assets | $917.1M | $938.9M | $1.12B | $1.29B | $1.30B |
| Deposits | $721.7M | $795.1M | $985.1M | $1.14B | $1.18B |
| Total Long-Term Debt | $78.9M | $33.8M | $18.3M | $7.9M | $7.6M |
| Total Liabilities | $820.8M | $847.0M | $1.02B | $1.18B | $1.21B |
| Shareholders' Equity | $96.3M | $91.9M | $100.7M | $110.9M | $87.6M |
BayFirst Financial Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $101.2M | $440.3M | $454.8M | $390.5M | $285.3M |
| Cash From Investing | $601.9M | -$510.6M | -$641.3M | -$515.9M | -$194.9M |
| Cash From Financing | -$648.7M | $26.7M | $178.8M | $144.8M | $38.8M |
| Free Cash Flow | $87.9M | $432.2M | $447.2M | $388.8M | $285.0M |
Figures from BayFirst Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full BayFirst Financial financials page for every line item.
BayFirst Financial Company Profile
| Ticker | BAFN |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | St Petersburg, Florida |
| Incorporated in | Florida |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001649739 |
Frequently Asked Questions
What was BayFirst Financial's revenue in fiscal 2025?
BayFirst Financial (BAFN) reported revenue of $64.2M for fiscal 2025.
What is BayFirst Financial's annual revenue history?
BayFirst Financial's annual revenue by fiscal year: 2021: $157.8M; 2022: $61.5M; 2023: $86.2M; 2024: $98.5M; 2025: $64.2M.
What was BayFirst Financial's net income in fiscal 2025?
BayFirst Financial reported net income of -$22.9M for fiscal 2025.
What was BayFirst Financial's earnings per share (EPS) in fiscal 2025?
BayFirst Financial's diluted EPS was -$5.93 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did BayFirst Financial generate in fiscal 2025?
BayFirst Financial generated $285.0M of free cash flow in fiscal 2025.
What was BayFirst Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), BayFirst Financial reported revenue of $2.6M.
How much debt does BayFirst Financial have?
BayFirst Financial reported $7.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of BayFirst Financial are outstanding?
BayFirst Financial reported a weighted average of 4.1 million basic shares outstanding in 2026 Q2.
What is BayFirst Financial's market cap?
Based on its latest closing price, BayFirst Financial (BAFN) has a market capitalization of about $21.4M.
When does BayFirst Financial's fiscal year end?
BayFirst Financial's fiscal year end, as registered with the SEC, is December 31.
Where is BayFirst Financial headquartered?
BayFirst Financial lists its business address in St Petersburg, Florida in its SEC filings.