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Side-by-side financial comparison of BayFirst Financial Corp. (BAFN) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $10.3M, roughly 1.7× BayFirst Financial Corp.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -55.0%, a 122.2% 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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

BAFN vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.7× larger
SLGL
$17.3M
$10.3M
BAFN
Higher net margin
SLGL
SLGL
122.2% more per $
SLGL
67.3%
-55.0%
BAFN

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
BAFN
BAFN
SLGL
SLGL
Revenue
$10.3M
$17.3M
Net Profit
$-5.7M
$11.6M
Gross Margin
Operating Margin
65.1%
Net Margin
-55.0%
67.3%
Revenue YoY
217.7%
Net Profit YoY
-130.6%
487.6%
EPS (diluted)
$-1.48
$4.17

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
SLGL
SLGL
Q1 26
$10.3M
Q4 25
$11.2M
Q3 25
$10.2M
Q2 25
$23.1M
$17.3M
Q1 25
$19.8M
Q4 24
$32.9M
Q3 24
$21.7M
Q2 24
$20.8M
$5.4M
Net Profit
BAFN
BAFN
SLGL
SLGL
Q1 26
$-5.7M
Q4 25
$-2.5M
Q3 25
$-18.9M
Q2 25
$-1.2M
$11.6M
Q1 25
$-335.0K
Q4 24
$9.8M
Q3 24
$1.1M
Q2 24
$866.0K
$2.0M
Operating Margin
BAFN
BAFN
SLGL
SLGL
Q1 26
Q4 25
-25.3%
Q3 25
-253.0%
Q2 25
-7.1%
65.1%
Q1 25
-2.3%
Q4 24
Q3 24
7.1%
Q2 24
5.9%
29.9%
Net Margin
BAFN
BAFN
SLGL
SLGL
Q1 26
-55.0%
Q4 25
-22.1%
Q3 25
-184.7%
Q2 25
-5.3%
67.3%
Q1 25
-1.7%
Q4 24
91.8%
Q3 24
5.2%
Q2 24
4.2%
36.4%
EPS (diluted)
BAFN
BAFN
SLGL
SLGL
Q1 26
$-1.48
Q4 25
$-0.71
Q3 25
$-4.66
Q2 25
$-0.39
$4.17
Q1 25
$-0.17
Q4 24
$2.21
Q3 24
$0.18
Q2 24
$0.12
$0.71

Balance Sheet & Financial Strength

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

Metric
BAFN
BAFN
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$134.5M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$81.9M
$31.9M
Total Assets
$1.2B
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAFN
BAFN
SLGL
SLGL
Q1 26
$134.5M
Q4 25
$207.0M
Q3 25
$118.5M
Q2 25
$77.3M
$24.3M
Q1 25
$63.2M
Q4 24
$77.8M
Q3 24
$64.4M
Q2 24
$60.8M
$26.5M
Stockholders' Equity
BAFN
BAFN
SLGL
SLGL
Q1 26
$81.9M
Q4 25
$87.6M
Q3 25
$89.7M
Q2 25
$108.2M
$31.9M
Q1 25
$110.1M
Q4 24
$110.9M
Q3 24
$102.3M
Q2 24
$101.0M
$34.9M
Total Assets
BAFN
BAFN
SLGL
SLGL
Q1 26
$1.2B
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.3B
$39.3M
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
$42.0M

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%

SLGL
SLGL

Segment breakdown not available.

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