BayFirst Financial Corp. (BAFN) AI Stock Analysis
BAFN AI stock analysis summary
AI ResearchBayFirst Financial Corp. is a Saint Petersburg, Florida-based bank holding company operating First Home Bank across regional offices. In FY2025, the company posted a net loss of -$22.9M on revenue of $104.2M, down from $125.2M in FY2024. Over the trailing twelve months ended June 30, 2026, its revenue stood at -$9.4M with diluted EPS of -$11.42.
- Market cap
- $167.2M
- Revenue (TTM)
- -$9.4M
- P/E
- —
- 1Y return
- -35.1% S&P 500 16.8%
- Avg. target
- —
Bull case
- Net cash stood at $194.3M as of June 30, 2026, supported by $212.9M in cash and short-term investments against $18.7M in total debt.
- Quarterly earnings grew 609.4% year-over-year in the period ended June 30, 2026, and the company posted 4 EPS beats across the last four quarters.
- Free cash flow reached $285.0M in FY2025, exceeding capital expenditures of $300,000.
Bear case
- Revenue contracted to -$9.4M for the trailing twelve months ended June 30, 2026, alongside an EPS of -$11.42.
- The stock declined 35.1% over the past year and 77.1% over five years, underperforming the broader market.
- FY2025 results showed a net loss of -$22.9M on revenue of $104.2M, with an operating margin of -29.6%.
What BayFirst Financial does
Headquartered in Saint Petersburg, Florida, BayFirst Financial Corp. operates as the bank holding company for First Home Bank. Established in 1999 and formerly known as First Home Bancorp, Inc., the company rebranded in May 2021. It provides traditional consumer and commercial banking products, such as checking accounts, savings accounts, and certificates of deposit. Its lending solutions include residential mortgages, home equity loans, home equity lines of credit, SBA loans, and commercial lending, alongside participation in minority lending programs and PPP loan forgiveness. It also provides treasury management, merchant services, online banking, and investment services across Florida offices in St. Petersburg, Tampa, Clearwater, and Sarasota.
Growth and profitability
Annual revenue grew from $63.3M in FY2021 to a peak of $125.2M in FY2024, before declining 16.8% to $104.2M in FY2025. From FY2020 to FY2025, revenue generated a 5-year CAGR of -4.9%. Profitability fluctuated significantly, moving from net income of $24.6M in FY2021 to a net loss of -$349,000 in FY2022, rebounding to $12.6M in FY2024, and falling to -$22.9M in FY2025 with a net margin of -22.0%. For the trailing twelve months ended June 30, 2026, revenue stood at -$9.4M and EPS was -$11.42. In the quarter ended June 30, 2026, revenue decreased 52.7% year-over-year, while quarterly earnings growth was 609.4%.
Balance sheet and cash flow
As of June 30, 2026, BayFirst Financial Corp. held $212.9M in cash and short-term investments against total debt of $18.7M, resulting in net cash of $194.3M. Total assets were $1.13B and shareholders' equity reached $115.9M, with a debt-to-equity ratio of 0.16 and a current ratio of 0.01. During FY2025, operating cash flow was $285.3M and free cash flow was $285.0M. Capital deployment in FY2025 included $300,000 for capital expenditures, $285,000 for share buybacks, and $1.4M in dividends paid.
Valuation and performance
BayFirst Financial Corp. trades at a price-to-sales multiple of 5.5x, above the 3.2x median of its US-listed Financial Services peers. The company has a price-to-book ratio of 8.7x, an enterprise value of $138.2M, and a market capitalization of $167.2M. Shares closed at $6.20 on October 16, 2026, which sits 5.8% below the 200-day average. Over the past year, the stock declined 35.1%, lagging the S&P 500's return of 16.8%. Over a 5-year period, the stock fell 77.1%, compared to an 83.0% gain for the S&P 500.
What analysts expect
Over the past four quarters, BayFirst Financial Corp. recorded 4 EPS beats against consensus estimates. The company's next earnings report is scheduled for October 29, 2026. The stock closed at $6.20 on October 16, 2026, trading between a 52-week low of $4.26 and a 52-week high of $10.18, with a beta of 0.46. Insider ownership stands at 61.3%, while institutional holdings represent 2.5% of shares.
Key risks and what to watch
- Trailing twelve-month return on equity dropped to -52.4%, reflecting significant recent pressure on shareholder capital.
- The company's current ratio was 0.01 as of June 30, 2026, indicating tight short-term liquidity.
- Quarterly revenue declined 52.7% year-over-year in the quarter ended June 30, 2026, continuing a multi-year trend where revenue shrank at a 5-year CAGR of -4.9%.
- Insider ownership represents 61.3% of shares, leaving institutional ownership at just 2.5% and public float relatively concentrated.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this BAFN AI stock analysis
This page is an AI-written research summary of BayFirst Financial Corp. (BAFN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: BAFN income statement, BAFN balance sheet, BAFN key metrics, BAFN chart. See the BAFN stock overview for the latest quote and news.
BAFN AI stock analysis FAQ
Does BayFirst Financial Corp. pay a dividend?
BayFirst Financial Corp. paid $1.4M in total dividends during FY2025. Additional dividend yield and schedule details are not specified.
What is BayFirst Financial Corp.'s net debt position?
As of June 30, 2026, the company held $212.9M in cash and short-term investments against $18.7M in total debt, giving it a net cash balance of $194.3M.
When does BayFirst Financial Corp. report its next earnings?
The company is scheduled to report its next earnings on October 29, 2026. It achieved 4 EPS beats over the prior four quarters.
How has BAFN stock performed compared to the S&P 500?
Over the trailing one-year period, BAFN returned -35.1% while the S&P 500 gained 16.8%. Over five years, BAFN fell 77.1% compared to an 83.0% gain for the index.