Saturday 17 October 2026 Export BAFN’s income statement to Excel — free account

BayFirst Financial Corp.

BayFirst Financial Corp.’s revenue for fiscal 2025 (year ended December 2025) was $104.2 million, down 27.3% from fiscal 2024. In the quarter to June 2026, revenue fell 70.9%, EPS fell 1,964.1%, free cash flow fell 99.5% and total debt fell 84.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

6.20 0.14 −2.21%

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Market cap: $170.8M
P/E: 0.0×
Fwd P/E: —
Dividend yield: 0.00%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	1	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 170.80

Revenue 69.82

Net Income (58.74)

Free Cash Flow 143.17

Net Debt (131.95)

Current Ratio 0.98

Debt/Equity 0.06

P/E ratio 0.00

Fwd P/E —

P/S ratio 0.36

P/B ratio 0.99

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth —

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 20.76%

10-year low 10-year high

P/B against its own 10 years 78.54%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2025	0.16	0.08 0.08
2024	0.32	0.08 0.08 0.08 0.08
2023	0.32	0.08 0.08 0.08 0.08
2022	0.32	0.08 0.08 0.08 0.08
2021	0.28	0.07 0.07 0.07 0.07
2020	0.27	0.07 0.07 0.07 0.07
2019	0.27	0.07 0.07 0.07 0.07
2018	0.25	0.06 0.06 0.07 0.07
2017	0.24	0.08 0.08 0.08
2016	0.13	0.07 0.07

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	63	80	207	139
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	972	1,140	1,157	982

	2023	2024	2025	Q'26
Payables	985	1,143	1,184	989
ST’ Debt	—	—	—	—
Other	—	—	—	—
	995	1,155	1,192	999

Compound Annual Growth %

	10y	5y	3y
Sales	—	(5.93%)	14.11%
Cash Flow	—	0.00%	(13.46%)
Earnings	—	0.00%	0.00%
Book Value	—	4.26%	(1.59%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	18	10	—	—	—
’25	29	33	21	21	104
’24	33	32	34	44	143
’23	24	29	32	34	118
’22	13	15	21	21	70
’21	48	53	9	(45)	66
’20	—	—	45	43	141

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	0	—	—	—
’25	74	65	45	101	285
’24	124	79	91	97	391
’23	65	127	135	127	455
’22	106	48	130	157	440
’21	2	92	35	366	495
’20	—	—	(62)	(46)	(108)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	0	—	—	—
’25	74	65	46	100	285
’24	123	78	90	112	404
’23	62	124	135	126	447
’22	104	47	128	154	432
’21	2	89	30	361	482
’20	—	—	(64)	(47)	(111)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.48)	(8.05)	—	—	—
’25	(0.17)	(0.39)	(4.66)	(0.69)	(5.93)
’24	0.11	0.12	0.18	2.11	2.62
’23	0.13	0.29	0.41	0.32	1.12
’22	(0.05)	0.03	(0.35)	0.27	(0.21)
’21	1.86	2.98	0.26	0.61	5.74
’20	—	—	1.42	1.61	3.17

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	17.10	5.33	13.83	15.41	8.88	10.40	6.40	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	17.10	17.10	32.50	25.00	19.55	15.05	19.75
People
People	Employees	—	—	—	—	671	656	291	306	299	145
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.21	0.10	0.24	0.39	0.48	0.72
Income, $m
Income, $m	Revenue	20	36	46	72	141	66	70	118	143	104
	Gross margin, %	0.00	0.00	0.00	0.00	92.73	88.91	87.78	72.87	68.74	61.60
	EBT	7	9	(2)	6	16	12	7	8	17	(31)
	EBT margin, %	34.22	24.16	(3.62)	8.79	11.16	17.81	10.04	6.79	11.86	(29.59)
	Net income	4	5	(1)	4	13	25	0	6	13	(23)
	Depreciation	—	—	—	—	3	4	5	7	10	12
Per share, $
Per share, $	Revenue	23.47	42.90	16.25	22.58	41.22	17.30	17.44	28.85	34.67	25.23
	Earnings	5.00	6.47	(0.42)	1.27	3.70	6.21	(0.29)	1.16	2.68	(5.93)
	Cash flow	0.00	0.00	(9.29)	(11.50)	(31.43)	130.27	109.49	110.92	94.49	69.08
	Capex	0.00	0.00	0.00	0.00	(0.89)	(3.45)	(2.01)	(1.85)	3.16	(0.07)
	Free cash flow	0.00	0.00	(9.29)	(11.50)	(32.32)	126.82	107.49	109.07	97.65	69.01
	Book value	18.91	37.83	13.38	16.08	20.72	25.32	22.85	24.56	26.84	21.20
	Shares, m	1	1	3	3	3	4	4	4	4	4
Valuation, ×
Valuation, ×	P/E	4.00	4.00	4.00	4.00	4.00	3.55	0.00	11.25	4.96	0.00
	P/S	0.00	0.00	0.00	0.00	0.00	1.32	0.96	0.45	0.38	0.31
	P/B	0.90	0.90	0.90	0.90	0.86	1.00	0.82	0.63	0.58	0.49
	EV/Sales	0.00	0.00	0.00	0.00	0.00	(0.25)	0.43	0.07	(0.12)	(1.60)
	EV/FCF	0.00	0.00	0.00	0.00	0.00	(0.03)	0.07	0.02	(0.04)	(0.59)
Cash, $m
Cash, $m	Operating cash flow	—	—	(26)	(36)	(108)	495	440	455	391	285
	Capex	—	—	(5)	(7)	(3)	(13)	(8)	(8)	13	0
	Free cash flow	—	—	(26)	(36)	(111)	482	432	447	404	285
Balance, $m
Balance, $m	Working capital	—	—	—	—	12	(123)	(13)	(23)	(14)	(35)
	Total debt	—	—	14	25	10	9	34	18	8	8
	Net debt	—	—	14	25	(48)	(103)	(37)	(45)	(72)	(199)
	Shareholders’ equity	16	32	38	51	71	96	92	101	111	88
Returns, %
Returns, %	ROA	2.05	2.65	(0.38)	0.89	1.14	1.92	(0.13)	0.46	0.92	(1.89)
	ROIC	0.00	0.00	0.00	0.00	42.85	0.00	8.03	8.96	27.40	0.00
	ROE	17.64	22.80	(3.60)	10.18	23.59	32.93	(1.39)	5.65	12.28	(29.31)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LARK Landmark Bancorp Inc.	$192.5M	9.5×	5.6×	+2.62% (above 0%: growing)	+21.58% (above 0%: growing)	+828.81% (above 0%: growing)	78.76%	0.00%	Compare
BVFL BV Financial, Inc.	$184.2M	14.1×	—	−2.37% (below 0%: shrinking)	+48.28% (above 0%: growing)	+1.43% (above 0%: growing)	78.95%	0.00%	Compare
SBFG SB Financial Group, Inc.	$183.5M	11.0×	8.8×	+5.49% (above 0%: growing)	+20.00% (above 0%: growing)	+255.74% (above 0%: growing)	72.32%	0.00%	Compare
FNWD Finward Bancorp	$181.0M	18.3×	12.2×	+0.43% (above 0%: growing)	−2.00% (below 0%: shrinking)	+0.22% (above 0%: growing)	69.03%	0.00%	Compare
ECBK ECB Bancorp, Inc.	$173.4M	13.9×	—	+15.35% (above 0%: growing)	+127.78% (above 0%: growing)	+538.43% (above 0%: growing)	46.07%	0.00%	Compare
MNSB MainStreet Bank	$172.8M	11.8×	10.9×	−6.70% (below 0%: shrinking)	+9.43% (above 0%: growing)	+286.64% (above 0%: growing)	57.99%	0.00%	Compare
BAFN BayFirst Financial Corp.	$170.8M	— (loss-making)	—	−70.88% (below 0%: shrinking)	n/m	−99.45% (below 0%: shrinking)	27.34%	0.00%
HNVR Hanover Bancorp, Inc.	$170.6M	19.0×	11.2×	−2.10% (below 0%: shrinking)	+66.67% (above 0%: growing)	+972.77% (above 0%: growing)	56.13%	0.00%	Compare
EBMT Eagle Bancorp Montana, Inc.	$164.7M	10.2×	11.3×	−1.03% (below 0%: shrinking)	+11.90% (above 0%: growing)	−301.01% (below 0%: shrinking)	76.37%	0.00%	Compare
Median of peers	$177.2M	12.9×	11.1×	−0.30%	+20.79%	+271.19%	70.68%	0.00%

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