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

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $10.3M, roughly 1.3× BayFirst Financial Corp.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -55.0%, a 41.8% gap on every dollar of revenue. Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% 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.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

BAFN vs LSF — Head-to-Head

Bigger by revenue
LSF
LSF
1.3× larger
LSF
$13.3M
$10.3M
BAFN
Higher net margin
LSF
LSF
41.8% more per $
LSF
-13.2%
-55.0%
BAFN
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
-29.6%
BAFN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAFN
BAFN
LSF
LSF
Revenue
$10.3M
$13.3M
Net Profit
$-5.7M
$-1.8M
Gross Margin
34.1%
Operating Margin
-13.5%
Net Margin
-55.0%
-13.2%
Revenue YoY
15.0%
Net Profit YoY
-130.6%
-341.4%
EPS (diluted)
$-1.48

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
LSF
LSF
Q1 26
$10.3M
Q4 25
$11.2M
$13.3M
Q3 25
$10.2M
$12.9M
Q2 25
$23.1M
$12.0M
Q1 25
$19.8M
$11.7M
Q4 24
$32.9M
$11.6M
Q3 24
$21.7M
$11.8M
Q2 24
$20.8M
$10.0M
Net Profit
BAFN
BAFN
LSF
LSF
Q1 26
$-5.7M
Q4 25
$-2.5M
$-1.8M
Q3 25
$-18.9M
$-975.1K
Q2 25
$-1.2M
$-362.2K
Q1 25
$-335.0K
$-156.2K
Q4 24
$9.8M
$-398.4K
Q3 24
$1.1M
$-166.1K
Q2 24
$866.0K
$-239.1K
Gross Margin
BAFN
BAFN
LSF
LSF
Q1 26
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Operating Margin
BAFN
BAFN
LSF
LSF
Q1 26
Q4 25
-25.3%
-13.5%
Q3 25
-253.0%
-7.7%
Q2 25
-7.1%
-3.3%
Q1 25
-2.3%
-1.9%
Q4 24
-4.1%
Q3 24
7.1%
-2.3%
Q2 24
5.9%
-3.4%
Net Margin
BAFN
BAFN
LSF
LSF
Q1 26
-55.0%
Q4 25
-22.1%
-13.2%
Q3 25
-184.7%
-7.6%
Q2 25
-5.3%
-3.0%
Q1 25
-1.7%
-1.3%
Q4 24
91.8%
-3.4%
Q3 24
5.2%
-1.4%
Q2 24
4.2%
-2.4%
EPS (diluted)
BAFN
BAFN
LSF
LSF
Q1 26
$-1.48
Q4 25
$-0.71
Q3 25
$-4.66
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
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$134.5M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$81.9M
$11.5M
Total Assets
$1.2B
$19.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAFN
BAFN
LSF
LSF
Q1 26
$134.5M
Q4 25
$207.0M
$5.1M
Q3 25
$118.5M
$5.1M
Q2 25
$77.3M
$3.9M
Q1 25
$63.2M
$7.0M
Q4 24
$77.8M
$8.3M
Q3 24
$64.4M
$7.9M
Q2 24
$60.8M
$7.6M
Stockholders' Equity
BAFN
BAFN
LSF
LSF
Q1 26
$81.9M
Q4 25
$87.6M
$11.5M
Q3 25
$89.7M
$12.8M
Q2 25
$108.2M
$13.4M
Q1 25
$110.1M
$13.3M
Q4 24
$110.9M
$13.2M
Q3 24
$102.3M
$13.1M
Q2 24
$101.0M
$12.6M
Total Assets
BAFN
BAFN
LSF
LSF
Q1 26
$1.2B
Q4 25
$1.3B
$19.2M
Q3 25
$1.3B
$18.9M
Q2 25
$1.3B
$20.4M
Q1 25
$1.3B
$21.5M
Q4 24
$1.3B
$19.3M
Q3 24
$1.2B
$18.8M
Q2 24
$1.2B
$18.0M

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
LSF
LSF
Operating Cash FlowLast quarter
$68.4K
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
LSF
LSF
Q1 26
Q4 25
$285.3M
$68.4K
Q3 25
$47.3M
$1.2M
Q2 25
$63.3M
$-2.8M
Q1 25
$74.2M
$-1.3M
Q4 24
$390.5M
$339.2K
Q3 24
$90.8M
$305.8K
Q2 24
$78.8M
$642.7K
Free Cash Flow
BAFN
BAFN
LSF
LSF
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
LSF
LSF
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
LSF
LSF
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
LSF
LSF
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%

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

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