BayFirst Financial (BAFN) Financial Statements & Analysis

BayFirst Financial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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BayFirst Financial Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	104.19	83.77	75.74	57.84	63.35	134.09	74.94	48.12
Cost of Revenue	64.60	59.51	42.53	7.87	3.80	27.18	17.14	5.70
Gross Profit	39.60	65.73	68.32	58.54	59.55	106.92	57.80	42.41
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	35.35	17.53	17.36	34.71	32.51	80.66	43.70	37.85
Operating Expenses	70.43	48.74	60.28	51.50	47.83	91.14	51.51	44.08
Operating Income	-30.83	16.99	8.03	7.04	11.72	15.78	6.30	-1.67
Other Income/Expense
Interest Income	85.79	81.86	68.52	38.57	43.83	43.73	25.70	21.60
Interest Expense	40.01	44.78	32.09	8.57	7.30	10.28	8.27	4.37
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	-30.83	16.99	8.03	7.04	11.72	15.78	6.30	-1.67
Income Tax Expense	-7.89	4.32	2.12	1.56	2.69	3.08	1.81	-0.46
Net Income	-22.94	11.06	4.74	-0.35	24.62	12.70	4.48	-1.21
Net Income - Continuous Operations	-22.94	10.26	5.92	5.48	24.62	12.70	4.48	-1.21
Net Income - Discontinued Operations	-	-0.07	-0.21	-5.83	15.59	-	-	-
EBITDA	-21.71	9.56	7.45	5.30	16.05	20.84	11.37	1.84
EBIT	-	-	-	-	-	-	-	-
Depreciation & Amortization	9.12	8.72	6.75	4.97	4.33	5.06	5.07	3.51
Earnings Per Share
Basic EPS	-6.00	3.00	1.00	-	6.00	3.00	1.00	-
Diluted EPS	-6.00	3.00	1.00	-	6.00	3.00	1.00	-
Basic Shares Outstanding	4.13	4.13	4.10	5.32	3.80	3.43	3.17	2.84
Diluted Shares Outstanding	4.14	4.59	4.58	5.32	4.11	4.00	3.17	2.84

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About BayFirst Financial Financial Statements

What was BayFirst Financial's revenue in fiscal 2025?

BayFirst Financial reported revenue of $104.19M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 24.4% from $83.77M a year earlier.

Is BayFirst Financial profitable?

No. BayFirst Financial reported a net loss of $22.94M in fiscal 2025. In fiscal 2024 it earned $11.06M.

What is BayFirst Financial's operating margin?

BayFirst Financial's operating income was −$30.83M on revenue of $104.19M in fiscal 2025, an operating margin of -29.6%, compared with 20.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition