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Side-by-side financial comparison of BayFirst Financial Corp. (BAFN) and Genasys Inc. (GNSS). Click either name above to swap in a different company.

Genasys Inc. is the larger business by last-quarter revenue ($17.1M vs $10.3M, roughly 1.7× BayFirst Financial Corp.). Genasys Inc. runs the higher net margin — -4.8% vs -55.0%, a 50.2% gap on every dollar of revenue. Over the past eight quarters, Genasys Inc.'s revenue compounded faster (72.4% CAGR vs -29.6%).

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.

Genasys Inc. is based in San Diego, California. Its long-range acoustic device (LRAD) products are used for long-range acoustic hailing and mass notification. Its software-as-a-service products Genasys Protect and Evertel are used for zone-based multi-channel communication and secure messaging and collaboration, respectively. Genasys Acoustics are integrated speakers used to send long range voice broadcasts. The company was previously named American Technology Corporation (ATC) until 2010 and...

BAFN vs GNSS — Head-to-Head

Bigger by revenue
GNSS
GNSS
1.7× larger
GNSS
$17.1M
$10.3M
BAFN
Higher net margin
GNSS
GNSS
50.2% more per $
GNSS
-4.8%
-55.0%
BAFN
Faster 2-yr revenue CAGR
GNSS
GNSS
Annualised
GNSS
72.4%
-29.6%
BAFN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BAFN
BAFN
GNSS
GNSS
Revenue
$10.3M
$17.1M
Net Profit
$-5.7M
$-817.0K
Gross Margin
48.0%
Operating Margin
-2.1%
Net Margin
-55.0%
-4.8%
Revenue YoY
145.9%
Net Profit YoY
-130.6%
80.0%
EPS (diluted)
$-1.48
$-0.02

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
GNSS
GNSS
Q1 26
$10.3M
Q4 25
$11.2M
$17.1M
Q3 25
$10.2M
$17.0M
Q2 25
$23.1M
$9.9M
Q1 25
$19.8M
$6.9M
Q4 24
$32.9M
$6.9M
Q3 24
$21.7M
$6.7M
Q2 24
$20.8M
$7.2M
Net Profit
BAFN
BAFN
GNSS
GNSS
Q1 26
$-5.7M
Q4 25
$-2.5M
$-817.0K
Q3 25
$-18.9M
$-1.4M
Q2 25
$-1.2M
$-6.5M
Q1 25
$-335.0K
$-6.1M
Q4 24
$9.8M
$-4.1M
Q3 24
$1.1M
$-11.4M
Q2 24
$866.0K
$-6.7M
Gross Margin
BAFN
BAFN
GNSS
GNSS
Q1 26
Q4 25
48.0%
Q3 25
50.3%
Q2 25
26.3%
Q1 25
37.7%
Q4 24
45.8%
Q3 24
40.8%
Q2 24
52.8%
Operating Margin
BAFN
BAFN
GNSS
GNSS
Q1 26
Q4 25
-25.3%
-2.1%
Q3 25
-253.0%
7.7%
Q2 25
-7.1%
-60.1%
Q1 25
-2.3%
-90.2%
Q4 24
-85.6%
Q3 24
7.1%
-105.8%
Q2 24
5.9%
-74.8%
Net Margin
BAFN
BAFN
GNSS
GNSS
Q1 26
-55.0%
Q4 25
-22.1%
-4.8%
Q3 25
-184.7%
-8.3%
Q2 25
-5.3%
-65.8%
Q1 25
-1.7%
-88.6%
Q4 24
91.8%
-58.8%
Q3 24
5.2%
-168.9%
Q2 24
4.2%
-93.2%
EPS (diluted)
BAFN
BAFN
GNSS
GNSS
Q1 26
$-1.48
Q4 25
$-0.71
$-0.02
Q3 25
$-4.66
$-0.03
Q2 25
$-0.39
$-0.14
Q1 25
$-0.17
$-0.14
Q4 24
$2.21
$-0.09
Q3 24
$0.18
$-0.26
Q2 24
$0.12
$-0.15

Balance Sheet & Financial Strength

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

Metric
BAFN
BAFN
GNSS
GNSS
Cash + ST InvestmentsLiquidity on hand
$134.5M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$81.9M
$1.8M
Total Assets
$1.2B
$67.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAFN
BAFN
GNSS
GNSS
Q1 26
$134.5M
Q4 25
$207.0M
$10.3M
Q3 25
$118.5M
$8.0M
Q2 25
$77.3M
$5.5M
Q1 25
$63.2M
$7.1M
Q4 24
$77.8M
$13.6M
Q3 24
$64.4M
$12.9M
Q2 24
$60.8M
$12.7M
Stockholders' Equity
BAFN
BAFN
GNSS
GNSS
Q1 26
$81.9M
Q4 25
$87.6M
$1.8M
Q3 25
$89.7M
$2.2M
Q2 25
$108.2M
$3.2M
Q1 25
$110.1M
$8.1M
Q4 24
$110.9M
$13.7M
Q3 24
$102.3M
$17.6M
Q2 24
$101.0M
$28.5M
Total Assets
BAFN
BAFN
GNSS
GNSS
Q1 26
$1.2B
Q4 25
$1.3B
$67.6M
Q3 25
$1.3B
$63.9M
Q2 25
$1.3B
$57.4M
Q1 25
$1.3B
$49.7M
Q4 24
$1.3B
$54.6M
Q3 24
$1.2B
$53.9M
Q2 24
$1.2B
$59.4M

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
GNSS
GNSS
Operating Cash FlowLast quarter
$7.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAFN
BAFN
GNSS
GNSS
Q1 26
Q4 25
$285.3M
$7.2M
Q3 25
$47.3M
$2.5M
Q2 25
$63.3M
$-5.9M
Q1 25
$74.2M
$-6.3M
Q4 24
$390.5M
$947.0K
Q3 24
$90.8M
$556.0K
Q2 24
$78.8M
$-7.5M
Free Cash Flow
BAFN
BAFN
GNSS
GNSS
Q1 26
Q4 25
$285.0M
Q3 25
$47.3M
$2.5M
Q2 25
$63.1M
$-5.9M
Q1 25
$74.1M
$-6.5M
Q4 24
$388.8M
$878.0K
Q3 24
$90.5M
$526.0K
Q2 24
$78.4M
$-7.5M
FCF Margin
BAFN
BAFN
GNSS
GNSS
Q1 26
Q4 25
2554.2%
Q3 25
462.2%
14.5%
Q2 25
272.7%
-59.9%
Q1 25
375.1%
-93.4%
Q4 24
1180.9%
12.7%
Q3 24
416.5%
7.8%
Q2 24
376.1%
-105.0%
Capex Intensity
BAFN
BAFN
GNSS
GNSS
Q1 26
Q4 25
2.7%
0.0%
Q3 25
0.1%
0.2%
Q2 25
0.8%
0.1%
Q1 25
0.4%
2.2%
Q4 24
5.1%
1.0%
Q3 24
1.5%
0.4%
Q2 24
1.9%
0.1%
Cash Conversion
BAFN
BAFN
GNSS
GNSS
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%

GNSS
GNSS

Hardware$14.8M87%
Software$2.3M13%

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