BAFN · XBRL financial data
BayFirst Financial financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (BAFN's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Interest expense | 7 | 9 | 32 | — | — |
| Income tax expense (benefit) | 8 | 2 | 2 | 4 | (8) |
| Net income (loss) | 25 | (0) | 6 | 13 | (25) |
| Earnings per share, basic USD per share | 6.21 | (0.29) | 1.16 | 2.68 | (6.32) |
| Earnings per share, diluted USD per share | 5.74 | (0.22) | 1.12 | 2.62 | (6.32) |
| Weighted average shares, basic millions of shares | 4 | 4 | 4 | 4 | 4 |
| Weighted average shares, diluted millions of shares | 4 | 4 | 5 | 5 | 4 |
Balance sheet
CSVFiscal years (BAFN's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 110 | 66 | 58 | 78 | 207 |
| Property and equipment, net | 30 | 35 | 39 | 33 | 31 |
| Right-of-use asset | 5 | 3 | 2 | 16 | 15 |
| Total assets | 917 | 939 | 1,118 | 1,288 | 1,294 |
| Total deposits | 722 | 795 | 985 | 1,143 | 1,184 |
| Total liabilities | 821 | 847 | 1,017 | 1,177 | 1,213 |
| Retained earnings | 36 | 33 | 34 | 44 | 14 |
| Total stockholders' equity | 96 | 92 | 101 | 111 | 82 |
| Total liabilities and equity | 917 | 939 | 1,118 | 1,288 | 1,294 |
| Common shares outstanding (cover page) millions of shares | 4 | 4 | 4 | 4 | 4 |
Cash flows
CSVFiscal years (BAFN's year ends in late December)
| In millions of dollars | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|
| Net income (loss) | 25 | (0) | 6 | 13 | (25) |
| Stock-based compensation | 0 | 1 | 1 | 0 | 0 |
| Depreciation and amortization | 2 | 2 | 2 | 2 | 2 |
| Net cash from operating activities | 101 | 440 | 455 | 391 | 289 |
| Purchases of property and equipment | 13 | 8 | 8 | 2 | 0 |
| Net cash from investing activities | 602 | (511) | (641) | (516) | (198) |
| Proceeds from issuing common stock | 2 | 1 | 0 | (0) | 0 |
| Share repurchases | 0 | 0 | 0 | 0 | 0 |
| Dividends paid | 1 | 1 | 1 | 1 | 1 |
| Net cash from financing activities | (649) | 27 | 179 | 145 | 39 |
| Net change in cash | 54 | (44) | (8) | 19 | 129 |
Compare with peers
SIC 6022 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6022 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| BayFirst Financial | 139 | not reported | 0.4* | 27.0M | — | 10-QJun 30, 2026 |
| Steele Bancorp | 8.2 | not reported | 6.3* | 3.4M | — | 10-QJun 30, 2026 |
| Security Federal | 75 | not reported | 2.8* | 3.1M | — | 10-KDec 31, 2025 |
| Ameriserv Financial | 28 | 3.9 | (1.1)* | 17.0M | 25.2 quarters | 10-QJun 30, 2026 |
| ENB Financial | 37 | not reported | 6.5* | 5.7M | — | 10-QJun 30, 2026 |
| OptimumBank Holdings | 15 | not reported | 10* | not reported | — | 10-QJun 30, 2026 |
| Peoples Financial | 24 | not reported | 0.7* | 4.6M | — | 10-QJun 30, 2026 |
| Auburn National Bancorporation | 212 | not reported | 1.5* | 3.5M | — | 10-QJun 30, 2026 |
| Bank of the James Financial Group | 36 | not reported | 0.6* | 4.5M | — | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.