BayFirst Financial (BAFN) Rent Expense (2020 - 2026)
BayFirst Financial (BAFN) posted quarterly Rent Expense of $1.4 million for Q1 2026, down 16.28% year-over-year from $1.6 million in Q1 2025, and up 2.86% quarter-over-quarter from $1.3 million in Q4 2025.
BayFirst Financial (BAFN) Rent Expense (2020 - 2026) Analysis & Trends
BayFirst Financial (BAFN) has reported Rent Expense for 7 consecutive years, with $1.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Rent Expense fell 16.28% year-over-year to $1.4 million; the TTM figure through Mar 2026 stood at $5.8 million (up 8.0% YoY), while the FY2025 annual figure was $6.1 million, up 25.17% from the prior year.
- Rent Expense advanced to $1.4 million in Q1 2026 per BAFN's latest filing, from $1.3 million in the prior quarter.
- Across five years, Rent Expense topped out at $1.6 million in Q1 2025 and bottomed at $967000.0 in Q1 2022.
- Historically, Rent Expense has averaged $1.2 million across 5 years, with a median of $1.2 million in 2024.
- Annual changes were most pronounced in 2022 — Rent Expense retreated 27.4% — and 2025, when it surged 47.21%.
- BayFirst Financial's Rent Expense stood at $985000.0 in 2022, then gained by 16.75% to $1.2 million in 2023, then climbed by 5.83% to $1.2 million in 2024, then advanced by 9.29% to $1.3 million in 2025, then grew by 2.86% to $1.4 million in 2026.
- Business Quant data shows BAFN's Rent Expense at $1.4 million in Q1 2026, $1.3 million in Q4 2025, and $1.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.94 Bn | 84.74 Bn | - | - |
| 2 | Pnc Financial Services | 98.04 Bn | 98.04 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.40 Bn | 96.40 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.94 Bn | -144.15 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.20 Bn | -81.12 Bn | - | - |
| 7 | Nu Holdings | 70.91 Bn | 57.22 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.84 Bn | 61.84 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.99 Bn | 26.26 Bn | - | 154.00 Mn |
| 10 | BayFirst Financial | 30.03 Mn | -109.14 Mn | - | 1.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.37 Mn |
| Mar 31, 2026 | 1.37 Mn |
| Dec 31, 2025 | 1.33 Mn |
| Dec 31, 2025 | 1.33 Mn |
| Sep 30, 2025 | 1.53 Mn |
| Sep 30, 2025 | 1.53 Mn |
| Jun 30, 2025 | 1.58 Mn |
| Jun 30, 2025 | 1.58 Mn |
| Mar 31, 2025 | 1.63 Mn |
| Mar 31, 2025 | 1.63 Mn |
| Dec 31, 2024 | 1.22 Mn |
| Dec 31, 2024 | 1.22 Mn |
| Sep 30, 2024 | 1.25 Mn |
| Sep 30, 2024 | 1.25 Mn |
| Jun 30, 2024 | 1.27 Mn |
| Jun 30, 2024 | 1.27 Mn |
| Mar 31, 2024 | 1.11 Mn |
| Mar 31, 2024 | 1.11 Mn |
| Dec 31, 2023 | 1.15 Mn |
| Dec 31, 2023 | 1.15 Mn |