BAFNNasdaqState Commercial BanksFiscal year ends December 31
BayFirst Financial Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$6.44+0.24 (+3.87%)
Close on Oct 19, 2026
- Market cap
- $26.45M
- P/E (TTM)
- –
- Dividend yield
- 2.48%
Margins
Share of revenue, fiscal years 2019 to 2025
Net margin
-39.0%−48.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -34.3% | +0.8% | -13.6% | – | |
| Free cash flow | -26.3% | -12.6% | – | – | |
| Dividend per share | -33.3% | -20.6% | -9.8% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 20.8% | -26.1% | |
| Return on assets | – | – | -1.9% | |
| Capex to revenue | – | 2.3% | 0.5% | |
| Diluted shares | – | 4M | 4M |
Where the cash went
Fiscal 2021 to 2025, five years combined
BayFirst Financial generated $2.07B from operations and spent $36.79M on capital expenditure, dividends and share buybacks. 84% of that went back into the business.
Generated
$2.07B
Used
$36.79M
Capital expenditure$30.75M84%Dividends$5.64M15%Share buybacks$397.00K1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-39.0%
×Asset turnover0.05×
×Equity multiplier13.70×
=Return on equity, FY2025-26.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -39.0% | 0.05× | 13.70× | -26.1% |
| FY2024 | 10.6% | 0.08× | 11.69× | 9.9% |
| FY2023 | 6.6% | 0.08× | 10.79× | 6.0% |
| FY2022 | -0.6% | 0.07× | 9.86× | -0.4% |
| FY2021 | 42.1% | 0.05× | 14.71× | 29.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$24.57M
- Cash generatingOperating cash flow above zero$288.84M
- Return on assets improvedROA up on the prior year0.9% → -1.9%
- Earnings backed by cashOperating cash flow above net income$288.84M vs -$24.57M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise4M → 4M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.09 → 0.05