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BayFirst Financial Corp.

BAFN Financial Banks Regional

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%
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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

BayFirst Financial Corp. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

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%

All 323 Banks Regional stocks →

BayFirst Financial Corp. (BAFN) key facts

  • Concern: BayFirst Financial Corp.’s revenue for fiscal 2025 (year ended December 2025) was $104.2 million, down 27.3% from fiscal 2024.
  • BayFirst Financial Corp. (BAFN) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, BAFN traded at $6.20, a market capitalization of $170.8 million.
  • Return on equity was −29.3% and debt-to-equity 0.06.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

BayFirst Financial Corp. (BAFN) Latest News

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stockrow.com/BAFN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com