BayFirst Financial Corp. (BAFN) — Financial statements
Income statement, balance sheet, and cash flow for BayFirst Financial Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 104↓16.8% | 125↑13.0% | 111↑66.9% | 66↑4.8% | 63 | |
| Cost of Revenue | 65↑8.5% | 60↑39.9% | 43↑440.7% | 8↑107.0% | 4 | |
| Gross Profit | 40↓39.8% | 66↓3.8% | 68↑16.7% | 59↓1.7% | 60 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 35↓6.2% | 38↓3.0% | 39↑21.3% | 32↑7.5% | 30 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 2↓38.5% | 3↑25.4% | 3↓1.4% | 3 | |
| SG&A Expenses | 35↓11.1% | 40↓5.8% | 42↑21.6% | 35↑6.8% | 33 | |
| Other Expenses | 35↑289.8% | 9↓50.2% | 18↑7.6% | 17↑9.6% | 15 | |
| Operating Expenses | 70↑44.5% | 49↓19.1% | 60↑17.1% | 52↑7.7% | 48 | |
| Total Costs & Expenses | 135↑24.7% | 108↑5.3% | 103↑73.2% | 59↑15.0% | 52 | |
| Operating Results | ||||||
| Operating Income | -31↓281.5% | 17↑111.4% | 8↑14.2% | 7↓39.9% | 12 | |
| Depreciation & Amortization | 0.00↓100.0% | 9↑29.2% | 7↑35.8% | 5↑15.0% | 4 | |
| EBITDA | -31↓219.9% | 26↑73.9% | 15↑23.1% | 12↓25.1% | 16 | |
| EBIT | -31↓281.5% | 17↑111.4% | 8↑14.2% | 7↓39.9% | 12 | |
| Interest & Other Income | ||||||
| Net Interest Income | 46↑20.4% | 38↑4.4% | 36↑21.4% | 30↓17.9% | 37 | |
| Interest Income | 86↑3.6% | 83↑20.9% | 69↑77.7% | 39↓12.0% | 44 | |
| Interest Expense | 40↓10.7% | 45↑39.6% | 32↑274.6% | 9↑17.3% | 7 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | -31↓281.5% | 17↑111.4% | 8↑14.2% | 7↓39.9% | 12 | |
| Income Tax Expense | -8↓282.9% | 4↑103.6% | 2↑35.8% | 2↓42.0% | 3 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -23↓281.0% | 13↑114.2% | 6↑8.0% | 5↓39.3% | 9 | |
| Net Income from Discontinued Operations | 0.00↑100.0% | -0.07↑67.6% | -0.21↑96.3% | -6↓137.4% | 16 | |
| Net Income | -23↓282.0% | 13↑121.0% | 6↑1733.8% | -0.35↓101.4% | 25 | |
| Bottom-Line Net Income | -24↓321.3% | 11↑115.8% | 5↑654.8% | -0.92↓103.8% | 24 | |
| EPS (Basic) | -5.93↓321.3% | 2.68↑131.0% | 1.16↑500.0% | -0.29↓104.7% | 6.21 | |
| EPS (Diluted) | -5.91↓345.2% | 2.41↑115.2% | 1.12↑486.2% | -0.29↓104.9% | 5.91 | |
| Weighted Average Shares | 4↓0.1% | 4↑1.2% | 4↑0.3% | 4↑7.1% | 4 | |
| Weighted Average Diluted Shares | 4↓9.8% | 5↑8.5% | 4↑3.9% | 4↓1.0% | 4 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.