BayFirst Financial (BAFN) Research & Development: 2020-2024
Historic Research & Development for BayFirst Financial (BAFN) over the last 5 years, with Dec 2024 value amounting to $6.7 million.
- BayFirst Financial's Research & Development rose 14.53% to $2.0 million in Q3 2025 from the same period last year, while for Sep 2025 it was $7.9 million, marking a year-over-year increase of 23.42%. This contributed to the annual value of $6.7 million for FY2024, which is 20.21% up from last year.
- BayFirst Financial's Research & Development amounted to $6.7 million in FY2024, which was up 20.21% from $5.6 million recorded in FY2023.
- In the past 5 years, BayFirst Financial's Research & Development registered a high of $6.7 million during FY2024, and its lowest value of $4.4 million during FY2020.
- Moreover, its 3-year median value for Research & Development was $5.6 million (2023), whereas its average is $5.7 million.
- Per our database at Business Quant, BayFirst Financial's Research & Development declined by 8.70% in 2022 and then grew by 20.21% in 2024.
- BayFirst Financial's Research & Development (Yearly) stood at $4.4 million in 2020, then grew by 19.69% to $5.3 million in 2021, then dropped by 8.70% to $4.8 million in 2022, then increased by 16.22% to $5.6 million in 2023, then rose by 20.21% to $6.7 million in 2024.