📊 BAFN Key Takeaways
Investment Thesis
BayFirst Financial is in severe financial distress with negative profitability across all metrics, declining revenues (-37.1% YoY), and persistent operating losses (-$28.0M). While the company maintains positive operating cash flow and low leverage, the core business is fundamentally broken with negative ROE (-22.8%), negative ROA (-1.5%), and deteriorating net income trends, suggesting structural challenges rather than temporary headwinds.
BAFN Strengths
- Strong liquidity position with $118.5M cash equivalents relative to total assets
- Low leverage profile with 0.00x debt-to-equity ratio and no long-term debt
- Positive operating cash flow of $184.8M provides near-term survival runway
BAFN Risks
- Severe profitability crisis with -59.1% net margin and $20.5M net loss indicating core business dysfunction
- Collapsing revenue base declining 37.1% year-over-year suggesting loss of competitive position or market share erosion
- Negative returns on equity (-22.8%) and assets (-1.5%) indicate shareholder capital destruction and inefficient asset deployment
Key Metrics to Watch
- Quarterly revenue stabilization - further deterioration would signal accelerating business decline
- Return to operating profitability - current -$28.0M operating loss unsustainable
- Cash burn rate relative to $118.5M reserve - trajectory will determine runway before capital raising or restructuring necessity
BAFN Financial Metrics
💡 AI Analyst Insight
The 532.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
BAFN Profitability Ratios
BAFN vs Finance Sector
How BayFirst Financial Corp. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BAFN Balance Sheet & Liquidity
BAFN 5-Year Financial Trend
5-Year Trend Summary: BayFirst Financial Corp.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $1.12 reflects profitable operations.
BAFN Growth Metrics (YoY)
BAFN Capital Allocation
BAFN SEC Filings
Access official SEC EDGAR filings for BayFirst Financial Corp. (CIK: 0001649739)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BAFN
What is the AI rating for BAFN?
BayFirst Financial Corp. (BAFN) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BAFN's key strengths?
Strong liquidity position with $118.5M cash equivalents relative to total assets. Low leverage profile with 0.00x debt-to-equity ratio and no long-term debt.
What are the risks of investing in BAFN?
Severe profitability crisis with -59.1% net margin and $20.5M net loss indicating core business dysfunction. Collapsing revenue base declining 37.1% year-over-year suggesting loss of competitive position or market share erosion.
What is BAFN's revenue and growth?
BayFirst Financial Corp. reported revenue of $34.6M.
Does BAFN pay dividends?
BayFirst Financial Corp. pays dividends, with $0.7M distributed to shareholders in the trailing twelve months.
Where can I find BAFN SEC filings?
Official SEC filings for BayFirst Financial Corp. (CIK: 0001649739) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BAFN's EPS?
BayFirst Financial Corp. has a diluted EPS of $-5.23.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.