BayFirst Financial Corp. (BAFN) Key Metrics
BAFN valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $167.2M
- Enterprise value
- $138.2M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 5.5
- Price / book
- 8.7
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 0.46
BAFN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBAFN returns How much profit the business earns on the capital it uses.
BAFN financial health Debt, liquidity and how easily interest is covered.
BAFN efficiency & capital use Working capital cycle and where the cash goes.
BAFN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BAFN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BAFN cash returned to shareholders
BAFN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Share price at fiscal year-end | $7.85 | $13.30 | $13.04 | $16.72 | $22.77 | $13.83 | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −23.1% | 11.9% | 5.9% | −0.4% | 29.4% | 20.8% | 10.1% | −3.4% | 22.5% | 32.9% |
| Return on invested capital (ROIC) | — | 23.5% | 14.9% | — | — | — | — | −3.0% | 27.8% | 36.3% |
| Return on assets (ROA) | −1.8% | 1.0% | 0.6% | −0.0% | 2.0% | 1.2% | 1.0% | −0.4% | 2.7% | 3.3% |
| Return on tangible assets | −1.8% | 1.0% | 0.5% | −0.0% | 2.7% | 0.8% | 0.9% | −0.3% | 2.1% | 2.8% |
| Free cash flow margin | 273.5% | 310.5% | 403.5% | 650.8% | 138.8% | −82.7% | −61.2% | 5.3% | — | — |
| Income quality (OCF / net income) | — | 30.99 | 79.76 | — | 4.11 | −8.49 | −8.59 | — | — | — |
| Financial health | ||||||||||
| Total debt | $20.8M | $22.4M | $21.0M | $37.4M | $14.0M | $13.6M | $24.5M | $14.2M | — | — |
| Cash & short-term investments | $207.0M | $88.9M | $58.4M | $113.3M | $143.0M | $57.8M | $113.0M | −$4.5M | — | — |
| Net debt | −$186.2M | −$66.5M | −$37.4M | −$75.9M | −$129.0M | −$44.1M | −$88.5M | $18.7M | — | — |
| Debt / equity | 0.24 | 0.20 | 0.21 | 0.41 | 0.15 | 0.19 | 0.48 | 0.38 | — | — |
| Debt / assets | 0.02 | 0.02 | 0.02 | 0.04 | 0.02 | 0.01 | 0.05 | 0.04 | — | — |
| Net debt / EBITDA | — | −2.59 | −2.53 | −6.32 | −8.04 | −2.12 | −7.79 | 10.16 | — | — |
| Current ratio | 0.18 | 0.09 | 5.92 | 17.68 | 449.59 | 32.55 | 522.70 | 0.91 | — | — |
| Quick ratio | 0.18 | 0.09 | 6.23 | 17.68 | 804.31 | 65.10 | — | 0.91 | — | — |
| Interest coverage | -0.8 | 0.4 | 0.3 | 0.8 | 1.6 | 1.5 | 0.8 | -0.4 | 5.2 | 10.6 |
| Working capital | −$969.7M | −$1.05B | $48.5M | $106.5M | $146.2M | $63.1M | $114.9M | −$3.5M | — | — |
| Invested capital | −$98.6M | $44.4M | $63.3M | $16.0M | −$32.7M | $26.9M | −$37.2M | $56.5M | $32.1M | $16.4M |
| Tangible asset value | $75.0M | $94.4M | $85.7M | $81.0M | $89.7M | $62.9M | $40.1M | $29.6M | $32.1M | $16.4M |
| Net current asset value | −$997.3M | −$1.08B | −$958.7M | −$734.2M | −$674.2M | −$1.41B | −$364.8M | −$292.9M | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $1.4M | $2.9M | $2.3M | $2.1M | $2.1M | $1.8M | $1.3M | $721,154 | — | — |
| Share buybacks (net) | $285,000 | $23,000 | $13,000 | $49,000 | $0 | — | — | — | — | — |
| Dividend payout ratio | — | 22.7% | 40.0% | — | 8.4% | 14.0% | 29.2% | — | — | — |
| Dividends + buybacks / free cash flow | 0.6% | 0.7% | 0.5% | 0.5% | 2.3% | — | — | 28.2% | — | — |
| Capex / revenue | 0.3% | 1.3% | 6.8% | 12.1% | 21.0% | 2.3% | 9.8% | 9.9% | — | — |
| Capex / operating cash flow | 0.1% | 0.4% | 1.7% | 1.8% | 13.1% | — | — | 65.2% | — | — |
| Capex / depreciation | 0.03 | 0.19 | 1.12 | 1.62 | 2.80 | 0.60 | 1.44 | 1.36 | — | — |
| Stock-based compensation / revenue | 0.1% | 0.3% | 0.6% | 1.3% | 0.8% | 0.3% | 0.5% | 0.5% | — | — |
| SG&A / revenue | 33.9% | 31.7% | 38.1% | 52.3% | 51.3% | 60.2% | 58.3% | 78.7% | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 30.8 | 23.7 | 19.1 | 22.0 | 31.3 | 12.8 | 9.4 | 13.3 | — | — |
| Days of inventory on hand | — | — | -26.0 | — | -8,678.3 | -1,209.7 | -2,451.3 | — | — | — |
| Days payables outstanding | 6.1 | 5.9 | 6.8 | 23.9 | 111.7 | 14.9 | 3.9 | 9.4 | — | — |
| Cash conversion cycle (days) | 24.7 | 17.8 | -13.7 | -1.9 | -8,758.7 | -1,211.7 | -2,445.8 | 3.8 | — | — |
| Receivables turnover | 11.86 | 15.38 | 19.14 | 16.57 | 11.66 | 28.46 | 38.73 | 27.54 | — | — |
| Payables turnover | 59.56 | 62.05 | 53.63 | 15.27 | 3.27 | 24.49 | 93.23 | 38.68 | — | — |
| Asset turnover | 0.08 | 0.10 | 0.11 | 0.07 | 0.05 | 0.13 | 0.17 | 0.15 | 0.18 | 0.15 |
| Average receivables | $8.8M | $8.1M | $5.8M | $4.0M | $5.4M | $4.7M | $1.9M | $1.7M | — | — |
| Average payables | $1.1M | $959,000 | $793,000 | $515,000 | $1.2M | $1.1M | $183,799 | $147,426 | — | — |
| Average inventory | — | — | −$3.0M | — | −$90.3M | −$90.1M | −$115.1M | — | — | — |
| Intangibles / total assets | 1.0% | 1.3% | 1.3% | 1.2% | 0.7% | 0.5% | 2.1% | 2.2% | 0.0% | 0.0% |
Computed from BAFN's annual financial statements (latest annual report filed March 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BAFN valuation and financial ratios
BayFirst Financial earned a return on equity of −23.1% in fiscal 2025. It ended the year with $20.8 million of debt and $207.0 million in cash and short-term investments, a net cash position of $186.2 million. It returned $1.7 million to shareholders: $1.4 million in dividends and $0.3 million in share buybacks, 1% of free cash flow.
See the BAFN income statement, the BAFN chart for price history, or the BAFN stock overview for the latest quote and news.
BAFN key metrics FAQ
What is BayFirst Financial's return on equity?
BayFirst Financial's return on equity (ROE) was −23.1% in fiscal 2025: net income of -$22.9 million on average shareholders' equity of $99.2 million.
How much debt does BayFirst Financial have?
BayFirst Financial had total debt of $20.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.24 and more cash than debt.
Does BayFirst Financial buy back its shares?
Yes. BayFirst Financial spent $0.3 million on net share repurchases in fiscal 2025.
What is BayFirst Financial's current ratio?
BayFirst Financial's current ratio was 0.18 at the end of fiscal 2025: current assets were 0.18 times current liabilities.