BayFirst Financial (BAFN) Cash Flow: Operating & Free Cash Flow

BayFirst Financial (BAFN) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), BayFirst Financial generated $285.30M of operating cash flow and spent $300.00K on capital expenditures. That left free cash flow of $285.00M, down 26.7% from $388.84M a year earlier, or 273.5% of revenue. It returned $1.72M to shareholders through $1.43M in dividends and $285.00K in share buybacks.

BayFirst Financial Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for BayFirst Financial Corp. (BAFN) - 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
Operating Activities
Net Income	-22.94	12.67	5.70	-0.35	24.62	12.70	4.48	-1.21
Depreciation & Amortization	9.12	8.72	7.45	5.30	4.38	5.06	5.07	3.51
Deferred Income Tax	-7.22	-0.19	2.12	0.42	3.51	-3.71	0.60	-0.38
Stock Based Compensation	0.12	0.42	0.63	0.85	0.52	0.42	0.39	0.24
Change in Working Capital	-5.36	3.88	-6.86	1.02	-2.56	-4.29	2.12	0.19
Change in Accounts Receivable	0.73	-2.03	-2.68	-0.92	3.72	-5.18	-0.38	-0.44
Change in Accounts Payable	0.10	0.15	0.18	0.38	-1.67	1.78	0.07	-0.05
Change in Other Working Capital	-6.19	5.75	-4.36	1.57	-4.61	-0.89	2.42	0.67
Other Operating Activities	311.58	365.03	-42.14	-29.33	-16.99	-118.01	-51.18	4.99
Net Cash from Operating Activities	285.30	390.53	454.80	440.25	495.39	-107.82	-38.53	7.34
Investing Activities
Capital Expenditures	-0.30	-1.69	-7.58	-8.06	-13.12	-3.05	-7.31	-4.79
Purchases of Investments	-5.85	-4.46	-0.73	-23.89	-33.21	0.00	0.00	0.00
Sales/Maturities of Investments	13.98	7.91	6.18	2.86	1.68	0.00	0.00	0.02
Other Investing Activities	-202.78	-517.69	2.31	-481.51	-12.00	-930.33	-30.43	-102.16
Net Cash from Investing Activities	-194.94	-515.93	-641.28	-510.61	207.62	-933.38	-37.74	-106.93
Financing Activities
Debt Repayment	-0.34	-10.46	-0.05	-70.11	-6.00	869.92	7.27	-12.29
Common Stock Issued	0.19	0.05	0.29	0.51	1.85	0.92	5.17	6.52
Common Stock Repurchased	-0.29	-0.02	-0.01	-0.05	0.00	0.00	0.00	0.00
Dividends Paid	-1.43	-2.86	-1.31	-1.29	-1.06	-1.78	-1.31	-0.72
Other Financing Activities	40.71	158.14	-0.19	0.06	-0.01	116.92	146.83	111.89
Net Cash from Financing Activities	38.84	144.80	178.82	26.67	-648.66	985.98	157.96	105.39
Summary
Net Change in Cash	129.19	19.40	-7.66	-43.68	54.35	-55.20	81.70	5.81
Cash at Beginning of Period	77.79	58.39	66.05	109.73	55.38	110.58	28.88	23.08
Cash at End of Period	206.98	77.79	58.39	66.05	109.73	55.38	110.58	28.88
Free Cash Flow	285.00	388.84	447.22	432.19	482.27	-110.87	-45.84	2.56
Supplemental Disclosures
Interest Paid	-	44.63	31.91	8.19	8.97	-	-	-
Income Taxes Paid	-	0.01	0.10	0.25	10.38	-	-	-

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 Cash Flow

What is BayFirst Financial's free cash flow?

BayFirst Financial generated free cash flow of $285.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $285.30M minus $300.00K of capital expenditures. That was down 26.7% from $388.84M a year earlier. Free cash flow equaled 273.5% of revenue.

How much does BayFirst Financial spend on capital expenditures?

BayFirst Financial spent $300.00K on capital expenditures in fiscal 2025, compared with $1.69M a year earlier. That equals 0.1% of operating cash flow.

Does BayFirst Financial pay dividends or buy back shares?

Yes. In fiscal 2025 BayFirst Financial returned $1.43M in dividends and $285.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition