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Side-by-side financial comparison of BayFirst Financial Corp. (BAFN) and GOLDEN HEAVEN GROUP HOLDINGS LTD. (GDHG). Click either name above to swap in a different company.

GOLDEN HEAVEN GROUP HOLDINGS LTD. is the larger business by last-quarter revenue ($15.3M vs $10.3M, roughly 1.5× BayFirst Financial Corp.). BayFirst Financial Corp. runs the higher net margin — -55.0% vs -56.2%, a 1.2% gap on every dollar of revenue.

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.

Golden Heaven Group Holdings Ltd. operates large-scale amusement parks, cultural tourism complexes and family-focused leisure venues primarily across mainland China. Its core services include thrill rides, themed entertainment zones, cultural experience activities, plus supporting catering and retail offerings, catering to leisure demands of consumers across all age groups.

BAFN vs GDHG — Head-to-Head

Bigger by revenue
GDHG
GDHG
1.5× larger
GDHG
$15.3M
$10.3M
BAFN
Higher net margin
BAFN
BAFN
1.2% more per $
BAFN
-55.0%
-56.2%
GDHG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAFN
BAFN
GDHG
GDHG
Revenue
$10.3M
$15.3M
Net Profit
$-5.7M
$-8.6M
Gross Margin
50.2%
Operating Margin
-44.5%
Net Margin
-55.0%
-56.2%
Revenue YoY
Net Profit YoY
-130.6%
EPS (diluted)
$-1.48
$-10.83

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BAFN
BAFN
GDHG
GDHG
Q1 26
$10.3M
Q4 25
$11.2M
Q3 25
$10.2M
$15.3M
Q2 25
$23.1M
Q1 25
$19.8M
$13.8M
Q4 24
$32.9M
Q3 24
$21.7M
Q2 24
$20.8M
Net Profit
BAFN
BAFN
GDHG
GDHG
Q1 26
$-5.7M
Q4 25
$-2.5M
Q3 25
$-18.9M
$-8.6M
Q2 25
$-1.2M
Q1 25
$-335.0K
Q4 24
$9.8M
Q3 24
$1.1M
Q2 24
$866.0K
Gross Margin
BAFN
BAFN
GDHG
GDHG
Q1 26
Q4 25
Q3 25
50.2%
Q2 25
Q1 25
52.0%
Q4 24
Q3 24
Q2 24
Operating Margin
BAFN
BAFN
GDHG
GDHG
Q1 26
Q4 25
-25.3%
Q3 25
-253.0%
-44.5%
Q2 25
-7.1%
Q1 25
-2.3%
Q4 24
Q3 24
7.1%
Q2 24
5.9%
Net Margin
BAFN
BAFN
GDHG
GDHG
Q1 26
-55.0%
Q4 25
-22.1%
Q3 25
-184.7%
-56.2%
Q2 25
-5.3%
Q1 25
-1.7%
Q4 24
91.8%
Q3 24
5.2%
Q2 24
4.2%
EPS (diluted)
BAFN
BAFN
GDHG
GDHG
Q1 26
$-1.48
Q4 25
$-0.71
Q3 25
$-4.66
$-10.83
Q2 25
$-0.39
Q1 25
$-0.17
Q4 24
$2.21
Q3 24
$0.18
Q2 24
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BAFN
BAFN
GDHG
GDHG
Cash + ST InvestmentsLiquidity on hand
$134.5M
$86.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$81.9M
$180.7M
Total Assets
$1.2B
$191.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAFN
BAFN
GDHG
GDHG
Q1 26
$134.5M
Q4 25
$207.0M
Q3 25
$118.5M
$86.0M
Q2 25
$77.3M
Q1 25
$63.2M
$19.8M
Q4 24
$77.8M
Q3 24
$64.4M
Q2 24
$60.8M
Stockholders' Equity
BAFN
BAFN
GDHG
GDHG
Q1 26
$81.9M
Q4 25
$87.6M
Q3 25
$89.7M
$180.7M
Q2 25
$108.2M
Q1 25
$110.1M
$83.7M
Q4 24
$110.9M
Q3 24
$102.3M
Q2 24
$101.0M
Total Assets
BAFN
BAFN
GDHG
GDHG
Q1 26
$1.2B
Q4 25
$1.3B
Q3 25
$1.3B
$191.4M
Q2 25
$1.3B
Q1 25
$1.3B
$98.6M
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BAFN
BAFN
GDHG
GDHG
Operating Cash FlowLast quarter
$19.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAFN
BAFN
GDHG
GDHG
Q1 26
Q4 25
$285.3M
Q3 25
$47.3M
$19.0M
Q2 25
$63.3M
Q1 25
$74.2M
Q4 24
$390.5M
Q3 24
$90.8M
Q2 24
$78.8M
Free Cash Flow
BAFN
BAFN
GDHG
GDHG
Q1 26
Q4 25
$285.0M
Q3 25
$47.3M
Q2 25
$63.1M
Q1 25
$74.1M
Q4 24
$388.8M
Q3 24
$90.5M
Q2 24
$78.4M
FCF Margin
BAFN
BAFN
GDHG
GDHG
Q1 26
Q4 25
2554.2%
Q3 25
462.2%
Q2 25
272.7%
Q1 25
375.1%
Q4 24
1180.9%
Q3 24
416.5%
Q2 24
376.1%
Capex Intensity
BAFN
BAFN
GDHG
GDHG
Q1 26
Q4 25
2.7%
Q3 25
0.1%
Q2 25
0.8%
Q1 25
0.4%
Q4 24
5.1%
Q3 24
1.5%
Q2 24
1.9%
Cash Conversion
BAFN
BAFN
GDHG
GDHG
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
39.95×
Q3 24
79.85×
Q2 24
90.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BAFN
BAFN

Net Interest Income$9.4M91%
Noninterest Income$884.0K9%

GDHG
GDHG

Segment breakdown not available.

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