BayFirst Financial Corp. (BAFN) Revenue History
Annual and quarterly revenue from 1991 to present
BAFN Revenue Over Time (1991–2025)
BAFN Revenue Growth History
11 of 16 years with positive growth- FY1991 revenue growth
- N/A
- FY1992 revenue growth
- +13.7%
- FY1993 revenue growth
- +17.2%
- FY1994 revenue growth
- -48.5%
- FY1995 revenue growth
- +45.7%
- FY1996 revenue growth
- -23.5%
- FY1997 revenue growth
- +20.5%
- FY2013 revenue growth
- -23.9%
- FY2014 revenue growth
- +4.7%
- FY2018 revenue growth
- +1184.8%
- FY2019 revenue growth
- +55.7%
- FY2020 revenue growth
- +78.9%
- FY2021 revenue growth
- -52.8%
- FY2022 revenue growth
- +4.8%
- FY2023 revenue growth
- +66.9%
- FY2024 revenue growth
- +13.0%
- FY2025 revenue growth
- -16.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $17.4M | — |
| Q4 2025 | $20.8M | — |
| Q3 2025 | $17.3M | — |
| Q2 2025 | $30.7M | — |
| Q1 2025 | $28.4M | — |
| Q4 2024 | $31.6M | — |
| Q3 2024 | $31.8M | — |
| Q2 2024 | $30.1M | — |
Multi-year avg. share of annual revenue by fiscal quarter
BAFN Revenue Analysis (1991–2025)
Current Revenue & Growth
As of June 28, 2026, BayFirst Financial Corp. (BAFN) generated trailing twelve-month (TTM) revenue of $86.4 million, reflecting significant decline in growth of -38.6% year-over-year. The most recent quarter (Q1 2026) recorded $17.4 million in revenue, down 16.3% sequentially.
Historical Growth Trajectory
BAFN's 5-year compound annual growth rate (CAGR) stands at -4.9%, indicating revenue contraction over this period. The 3-year CAGR of +16.2% exceeds the 5-year average, indicating an acceleration in the most recent period. BayFirst Financial Corp.'s highest annual revenue of $134.1 million was recorded in 2020.
Peer Comparison
Compared to Financial Services sector peers — including CZWI, NECB, and SMBC. Compare BAFN vs CZWI →
BAFN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BAFNCurrent | $86M | -38.6% | -4.9% | -29.6% | |
 CZWI | $90M | - | - | 7.0% | |
 NECB | $157M | - | - | 39.6% | |
 SMBC | $305M | - | - | 24.2% | |
 FBIZ | $279M | - | - | 21.6% | |
 FXNC | $112M | - | - | 19.6% |
BAFN Historical Revenue Data (1991–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $104.2M | - | $39.6M | 38.0% | $-30,830,000 | -29.6% |
| 2024 | $125.2M | - | $65.7M | 52.5% | $17.0M | 13.6% |
| 2023 | $110.8M | - | $68.3M | 61.6% | $8.0M | 7.2% |
| 2022 | $66.4M | - | $58.5M | 88.2% | $7.0M | 10.6% |
| 2021 | $63.3M | - | $59.5M | 94.0% | $11.7M | 18.5% |
| 2020 | $134.1M | - | $106.9M | 79.7% | $15.8M | 11.8% |
| 2019 | $74.9M | - | $57.8M | 77.1% | $6.3M | 8.4% |
| 2018 | $48.1M | - | $42.4M | 88.1% | $-1,670,338 | -3.5% |
| 2014 | $3.7M | - | $3.5M | 94.3% | $439K | 11.7% |
| 2013 | $3.6M | - | $3.3M | 92.3% | $-130,000 | -3.6% |
| 1997 | $4.7M | - | $1.3M | 27.7% | $7.1M | 151.1% |
| 1996 | $3.9M | - | $1.4M | 35.9% | $5.3M | 135.9% |
| 1995 | $5.1M | - | $2.3M | 45.1% | $7.4M | 145.1% |
| 1994 | $3.5M | - | $1.2M | 34.3% | $6.7M | 191.4% |
| 1993 | $6.8M | - | $1.8M | 26.5% | $6.5M | 95.6% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
35+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
BAFN — Frequently Asked Questions
Quick answers to the most common questions about buying BAFN stock.
Is BAFN's revenue growth accelerating or slowing?
BAFN revenue is declining -38.6% year-over-year. TTM revenue fell to $86M, contrasting with the 5-year CAGR of -4.9%. The reversal reflects either macro headwinds or company-specific challenges.
What is BAFN's revenue history from 1991 to 2026?
BayFirst Financial Corp. (BAFN) revenue history spans 1991 to 2026. TTM revenue as of 2026 is $86M, growing at -38.6% YoY. The 5-year CAGR is -4.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BAFN's long-term revenue growth rate (CAGR)?
BayFirst Financial Corp.'s 5-year revenue CAGR of -4.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -38.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BAFN.
Why does BAFN's quarterly revenue fluctuate?
BAFN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. BayFirst Financial Corp.'s revenue data from 1991 to 2026 shows full historical quarterly detail on this page.
How is BAFN's revenue distributed by segment?
BAFN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BAFN's revenue compare to industry peers?
BayFirst Financial Corp. (BAFN) with TTM revenue of $86M and -38.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.