BAFN
Income statement / Annual
Last year (2023), BayFirst Financial Corp.'s total revenue was $75.74 M,
an increase of 30.95% from the previous year.
In 2023, BayFirst Financial Corp.'s net income was $5.70 M.
See BayFirst Financial Corp.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$75.74 M
|
$57.84 M
|
$149.64 M
|
$123.82 M
|
$66.67 M
|
$46.77 M
|
$36.29 M
|
$19.86 M
|
$8.07 M
|
$3.53 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$75.74 M |
$57.84 M |
$149.64 M |
$123.82 M |
$66.67 M |
$46.77 M |
$36.29 M |
$19.86 M |
$8.07 M |
$3.53 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$38.88 M
|
$32.05 M
|
$99.83 M
|
$77.11 M
|
$40.65 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$1.82 M
|
| Selling & Marketing
Expenses |
$3.34 M
|
$2.66 M
|
$7.62 M
|
$3.55 M
|
$3.05 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$56.24 M
|
$34.71 M
|
$107.45 M
|
$80.66 M
|
$43.71 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$1.82 M
|
| Other Expenses |
$0.00 |
-$32.05 M |
-$224.61 M |
-$188.70 M |
-$104.08 M |
-$44.07 M |
-$25.46 M |
-$12.35 M |
-$4.59 M |
-$4.70 M |
| Operating Expenses |
$56.24 M |
$2.66 M |
-$117.16 M |
-$108.04 M |
-$60.37 M |
-$44.07 M |
-$25.46 M |
-$12.35 M |
-$4.59 M |
-$2.88 M |
| Cost And Expenses |
$56.24 M |
$2.66 M |
-$117.16 M |
-$108.04 M |
-$60.37 M |
-$44.07 M |
-$25.46 M |
-$12.35 M |
-$4.59 M |
-$2.88 M |
| Interest Income |
$68.52 M |
$38.57 M |
$33.26 M |
$43.73 M |
$25.70 M |
$21.60 M |
$11.98 M |
$7.12 M |
$4.02 M |
$3.14 M |
| Interest Expense |
$32.09 M |
$8.57 M |
$7.30 M |
$10.28 M |
$8.27 M |
$4.37 M |
$2.06 M |
$710,000.00 |
$322,000.00 |
$213,242.00 |
| Depreciation &
Amortization |
$2.25 M
|
$1.98 M
|
$1.74 M
|
$1.41 M
|
$1.48 M
|
$846,428.00
|
$52,516.00
|
$22,816.00
|
$0.00
|
$120,760.00
|
| EBITDA |
$5.92 M
|
$12.01 M
|
$0.00
|
$26.13 M
|
$11.37 M
|
-$823,910.00
|
$10.83 M
|
$7.50 M
|
$3.48 M
|
$559,249.00
|
| EBITDA Ratio |
0.08 |
0.17 |
0.25 |
0.17 |
0.17 |
0.13 |
0.3 |
0.38 |
0.43 |
0.22 |
| Operating Income Ratio
|
0.26
|
0.08
|
0.22
|
0.13
|
0.09
|
0.06
|
0.3
|
0.38
|
0.43
|
0.18
|
| Total Other
Income/Expenses Net |
-$11.47 M
|
-$7.60 M
|
-$5.36 M
|
-$10.27 M
|
-$6.56 M
|
-$1.67 M
|
-$52.98 M
|
-$25.41 M
|
$0.00
|
$42,256.00
|
| Income Before Tax |
$8.03 M |
$7.04 M |
$32.48 M |
$15.78 M |
$6.30 M |
-$1.67 M |
$8.77 M |
$6.79 M |
$3.16 M |
$438,485.00 |
| Income Before Tax Ratio
|
0.11
|
0.12
|
0.22
|
0.13
|
0.09
|
-0.04
|
0.24
|
0.34
|
0.39
|
0.12
|
| Income Tax Expense |
$2.12 M |
$1.56 M |
$7.86 M |
$3.07 M |
$1.81 M |
-$465,000.00 |
$3.30 M |
$2.56 M |
$875,000.00 |
-$182,260.00 |
| Net Income |
$5.70 M |
$5.48 M |
$24.62 M |
$12.70 M |
$4.48 M |
-$1.21 M |
$5.47 M |
$4.23 M |
$2.29 M |
$620,745.00 |
| Net Income Ratio |
0.08 |
0.09 |
0.16 |
0.1 |
0.07 |
-0.03 |
0.15 |
0.21 |
0.28 |
0.18 |
| EPS |
1.16 |
1.36 |
6.21 |
3.45 |
1.27 |
-0.42 |
2.48 |
1.21 |
0.79 |
0.0776 |
| EPS Diluted |
1.03 |
1.36 |
5.91 |
3.01 |
1.27 |
-0.42 |
2.48 |
1.21 |
0.79 |
0.0742 |
| Weighted Average Shares
Out |
$4.10 M
|
$4.02 M
|
$3.80 M
|
$3.43 M
|
$3.17 M
|
$2.84 M
|
$2.21 M
|
$3.51 M
|
$2.91 M
|
$8.00 M
|
| Weighted Average Shares
Out Diluted |
$4.58 M
|
$4.02 M
|
$4.07 M
|
$4.00 M
|
$3.17 M
|
$2.84 M
|
$2.21 M
|
$3.51 M
|
$2.91 M
|
$8.37 M
|
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