BayFirst Financial Corp. (NASDAQ:BAFN)
Insiders here have filed 15 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $65.2M
- Net income
- -$59.7M
- Net margin
- -91.6%
Little or no net debt.
- Total debt
- $18.7M
- Cash
- $139.2M
- Debt / equity
- 0.16
Owes more within a year than it holds to pay it.
- Current assets
- $10.8M
- Current liabilities
- $989.5M
- Current ratio
- 0.01
The business funds itself from operations.
- Operating cash flow
- $147.8M
- Free cash flow
- $147.8M
- FCF margin
- 226.8%
Not funding itself by issuing shares.
- Shares outstanding
- 4.1M
- Share growth (1y)
- -0.8%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BAFN Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 9.56 M | 17.44 M | 20.85 M | 17.34 M | 30.74 M | 28.40 M |
| Revenue Growth (YoY) | -68.92 % | -38.60 % | -34.08 % | -45.42 % | 2.06 % | -10.51 % |
| Cost of Revenue | 35.92 M | 7.99 M | 11.80 M | 21.29 M | 17.42 M | 14.09 M |
| Gross Profit | -26.36 M | 9.45 M | 9.05 M | -3.95 M | 13.32 M | 14.31 M |
| SG&A Expense | 12.32 M | 11.05 M | 6.00 M | 8.79 M | 9.24 M | 9.17 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 17.68 M | 17.96 M | 11.87 M | 21.94 M | 14.97 M | 14.78 M |
| Operating Income | -44.04 M | -8.52 M | -2.82 M | -25.90 M | -1.65 M | -463.00 K |
| Pretax Income | -44.04 M | -7.63 M | -2.82 M | -25.90 M | -1.65 M | -463.00 K |
| Tax Provision | -11.38 M | -1.95 M | -359.00 K | -6.99 M | -412.00 K | -128.00 K |
| Net Income | -32.67 M | -5.68 M | -2.46 M | -18.90 M | -1.24 M | -335.00 K |
| EPS (Basic) | -8.07 | -1.48 | -0.69 | -4.67 | -0.39 | -0.17 |
| EPS (Diluted) | -8.07 | -1.48 | -0.69 | -4.66 | -0.39 | -0.17 |
| Shares Outstanding | 4.10 M | 4.10 M | 4.13 M | 4.13 M | 4.13 M | 4.13 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.