BAFN
Income statement / Annual
Last year (2025), BayFirst Financial Corp's total revenue was $104.19 M,
a decrease of 16.81% from the previous year.
In 2025, BayFirst Financial Corp's net income was -$22.94 M.
See BayFirst Financial Corp,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
| Operating Revenue |
$104.19 M |
$125.24 M |
$110.85 M |
$66.41 M |
$63.35 M |
$134.09 M |
$74.94 M |
$48.12 M |
$35.14 M |
$20.57 M |
| Cost of Revenue |
$64.60 M
|
$59.51 M
|
$42.53 M
|
$7.87 M
|
$3.80 M
|
$27.18 M
|
$17.14 M
|
$5.70 M
|
$7.00 M
|
$3.89 M
|
| Gross Profit |
$39.60 M
|
$65.73 M
|
$68.32 M
|
$58.54 M
|
$59.55 M
|
$106.92 M
|
$57.80 M
|
$42.41 M
|
$28.14 M
|
$16.68 M
|
| Gross Profit Ratio |
0.38
|
0.52
|
0.62
|
0.88
|
0.94
|
0.8
|
0.77
|
0.88
|
0.8
|
0.81
|
| 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 |
$35.35 M
|
$37.69 M
|
$38.88 M
|
$32.05 M
|
$29.81 M
|
$77.11 M
|
$40.58 M
|
$35.79 M
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$2.05 M
|
$3.34 M
|
$2.66 M
|
$2.70 M
|
$3.55 M
|
$3.12 M
|
$2.06 M
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$35.35 M
|
$39.74 M
|
$42.21 M
|
$34.71 M
|
$32.51 M
|
$80.66 M
|
$43.70 M
|
$37.85 M
|
$0.00
|
$0.00
|
| Other Expenses |
$35.07 M
|
$9.00 M
|
$18.07 M
|
$16.80 M
|
$15.32 M
|
$10.48 M
|
$7.80 M
|
$6.23 M
|
$22.52 M
|
$9.89 M
|
| Operating Expenses |
$70.43 M
|
$48.74 M
|
$60.28 M
|
$51.50 M
|
$47.83 M
|
$91.14 M
|
$51.51 M
|
$44.08 M
|
$22.52 M
|
$9.89 M
|
| Cost And Expenses |
$135.02 M
|
$108.25 M
|
$102.81 M
|
$59.37 M
|
$51.63 M
|
$118.32 M
|
$68.64 M
|
$49.79 M
|
$29.52 M
|
$13.77 M
|
| Interest Income |
$85.79 M
|
$82.81 M
|
$68.52 M
|
$38.57 M
|
$43.83 M
|
$43.73 M
|
$25.70 M
|
$21.60 M
|
$11.98 M
|
$7.12 M
|
| Interest Expense |
$40.01 M
|
$44.78 M
|
$32.09 M
|
$8.57 M
|
$7.30 M
|
$10.28 M
|
$8.27 M
|
$4.37 M
|
$2.06 M
|
$710.00 K
|
| Depreciation & Amortization |
$0.00
|
$8.72 M
|
$6.75 M
|
$4.97 M
|
$4.33 M
|
$5.06 M
|
$5.07 M
|
$3.51 M
|
$0.00
|
$0.00
|
| EBITDA |
-$30.83 M |
$25.71 M |
$14.79 M |
$12.01 M |
$16.05 M |
$20.84 M |
$11.37 M |
$1.84 M |
$5.62 M |
$6.79 M |
| EBITDA Ratio |
-0.3
|
0.21
|
0.13
|
0.18
|
0.25
|
0.16
|
0.15
|
0.04
|
0.16
|
0.33
|
| Operating Income Ratio |
-0.3
|
0.14
|
0.07
|
0.11
|
0.19
|
0.12
|
0.08
|
-0.03
|
0.16
|
0.33
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
-$30.83 M
|
$16.99 M
|
$8.03 M
|
$7.04 M
|
$11.72 M
|
$15.78 M
|
$6.30 M
|
-$1.67 M
|
$5.62 M
|
$6.79 M
|
| Income Before Tax Ratio |
-0.3
|
0.14
|
0.07
|
0.11
|
0.19
|
0.12
|
0.08
|
-0.03
|
0.16
|
0.33
|
| Income Tax Expense |
-$7.89 M
|
$4.32 M
|
$2.12 M
|
$1.56 M
|
$2.69 M
|
$3.08 M
|
$1.81 M
|
-$464.84 K
|
$2.28 M
|
$2.56 M
|
| Net Income |
-$22.94 M
|
$12.60 M
|
$5.70 M
|
-$349.00 K
|
$24.62 M
|
$12.70 M
|
$4.48 M
|
-$1.21 M
|
$3.34 M
|
$4.23 M
|
| Net Income Ratio |
-0.22
|
0.1
|
0.05
|
-0.01
|
0.39
|
0.09
|
0.06
|
-0.03
|
0.1
|
0.21
|
| EPS |
-5.93 |
2.68 |
1.16 |
-0.29 |
6.21 |
3.45 |
1.27 |
-0.43 |
1.51 |
2.41 |
| EPS Diluted |
-5.91 |
2.41 |
1.12 |
-0.29 |
5.91 |
3.01 |
1.27 |
-0.43 |
1.51 |
2.41 |
| Weighted Average Shares Out |
$4.13 M
|
$4.13 M
|
$4.08 M
|
$4.07 M
|
$3.80 M
|
$3.43 M
|
$3.17 M
|
$2.84 M
|
$2.21 M
|
$1.75 M
|
| Weighted Average Shares Out Diluted |
$4.14 M
|
$4.59 M
|
$4.23 M
|
$4.07 M
|
$4.11 M
|
$4.00 M
|
$3.17 M
|
$2.84 M
|
$2.21 M
|
$1.75 M
|
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