BayFirst Financial (BAFN) Research & Development (2020 - 2026)
BayFirst Financial (BAFN) posted quarterly Research & Development of $1.5 million for Q1 2026, down 27.19% year-over-year from $2.0 million in Q1 2025, and down 11.74% quarter-over-quarter from $1.7 million in Q4 2025.
BayFirst Financial (BAFN) Research & Development (2020 - 2026) Analysis & Trends
BayFirst Financial (BAFN) has reported Research & Development for 7 consecutive years, with $1.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 27.19% year-over-year to $1.5 million; the TTM figure through Mar 2026 stood at $7.3 million (up 1.01% YoY), while the FY2025 annual figure was $7.9 million, up 16.52% from the prior year.
- Research & Development eased to $1.5 million in Q1 2026 per BAFN's latest filing, from $1.7 million in the prior quarter.
- Across five years, Research & Development topped out at $2.1 million in Q2 2025 and bottomed at $1.1 million in Q2 2022.
- Historically, Research & Development has averaged $1.6 million across 5 years, with a median of $1.5 million in 2023.
- On a YoY basis, Research & Development climbed as much as 31.31% in 2022 and fell as far as 58.2% in 2022.
- BayFirst Financial's Research & Development stood at $1.3 million in 2022, then rose by 5.96% to $1.4 million in 2023, then increased by 23.0% to $1.7 million in 2024, then slipped by 3.54% to $1.7 million in 2025, then dropped by 11.74% to $1.5 million in 2026.
- Business Quant data shows BAFN's Research & Development at $1.5 million in Q1 2026, $1.7 million in Q4 2025, and $2.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.68 Bn | 84.49 Bn | - | - |
| 2 | Pnc Financial Services | 97.94 Bn | 97.94 Bn | - | - |
| 3 | Us Bancorp | 96.36 Bn | 96.36 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.94 Bn | -144.15 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.20 Bn | -81.12 Bn | - | - |
| 7 | Nu Holdings | 70.49 Bn | 56.80 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.73 Bn | 61.73 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.92 Bn | 26.20 Bn | - | 250.00 Mn |
| 10 | BayFirst Financial | 30.03 Mn | -109.14 Mn | - | 2.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.49 Mn |
| Dec 31, 2025 | 1.69 Mn |
| Sep 30, 2025 | 2.05 Mn |
| Jun 30, 2025 | 2.08 Mn |
| Mar 31, 2025 | 2.05 Mn |
| Dec 31, 2024 | 1.75 Mn |
| Sep 30, 2024 | 1.79 Mn |
| Jun 30, 2024 | 1.65 Mn |
| Mar 31, 2024 | 1.56 Mn |
| Dec 31, 2023 | 1.42 Mn |
| Sep 30, 2023 | 1.53 Mn |
| Jun 30, 2023 | 1.32 Mn |
| Mar 31, 2023 | 1.35 Mn |
| Dec 31, 2022 | 1.34 Mn |
| Sep 30, 2022 | 1.25 Mn |
| Jun 30, 2022 | 1.08 Mn |
| Mar 31, 2022 | 1.16 Mn |
| Dec 31, 2021 | 1.02 Mn |
| Sep 30, 2021 | 1.05 Mn |
| Jun 30, 2021 | 2.59 Mn |