bioAffinity Technologies, Inc.
BIAF Nasdaq Services-Commercial Physical & Biological Research Financials FY2021โFY2025
Last close ยท Oct 23, 2026
$2.80
11.7%What bioAffinity Technologies, Inc. does
No business description yet.
- Legal name
- bioAffinity Technologies, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Mar 16, 2026
- Accession ยท CIK
- 0001493152-26-010143
0001712762
Revenue and margins
bioAffinity Technologies, Inc. had $6.2M of revenue in fiscal 2025, down 34.2% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was โ$9.4M in fiscal 2025, โ152.4% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
bioAffinity Technologies, Inc. returned โ to shareholders in fiscal 2025. The diluted share count rose 325.8%.
Balance sheet
Cash, debt and the ratios that show how comfortably bioAffinity Technologies, Inc. can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.4M | $11.4M | $2.8M | $1.1M | $6.4M |
| Interest coverage | โ2.2x | โ1.6x | โ214.9x | โ96.8x | โ238.1x |
| Current ratio | 0.1x | 10.5x | 1.8x | 0.9x | 2.6x |
| Quick ratio | 0.1x | 10.5x | 1.8x | 0.9x | 2.6x |
| Total assets | $1.5M | $12.2M | $8.2M | $6.5M | $11.0M |
| Total liabilities | $13.2M | $1.1M | $3.4M | $3.9M | $3.7M |
| Shareholders' equity | โ$15.8M | $11.0M | $4.9M | $2.6M | $7.3M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 5 | 2 / 7 | 3 / 7 | 3 / 7 |
| Accruals ratio | โ294.3% | โ59.9% | โ18.6% | โ24.1% | โ63.9% |
| Altman Z'' | โ127.79 | 3.99 | โ21.31 | โ35.80 | โ22.01 |
5 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | โ | $6.9M | $7.9M | $9.4M | $6.2M |
| Gross profit | โ | $0.0M | โ | โ | โ |
| Research and development | $1.0M | $1.4M | $1.5M | $1.5M | $1.4M |
| Operating income | โ$2.2M | โ$4.0M | โ$8.0M | โ$9.0M | โ$10.6M |
| Interest expense | $1.0M | $2.5M | $0.0M | $0.1M | $0.0M |
| Pretax income | โ$6.3M | โ$8.2M | โ$7.9M | โ$9.0M | โ$14.9M |
| Income tax | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | โ$6.3M | โ$8.2M | โ$7.9M | โ$9.0M | โ$14.9M |
| Diluted EPS | โ | โ$1.81 | โ$0.91 | โ$22.50 | โ$8.66 |
| Diluted shares | โ | 0.00B | 0.01B | 0.00B | 0.00B |
| Cash flow | |||||
| Cash from operations | โ$2.0M | โ$4.1M | โ$6.0M | โ$7.3M | โ$9.3M |
| Capital expenditure | โ | $0.2M | $0.0M | $0.1M | $0.1M |
| Free cash flow | โ | โ$4.3M | โ$6.1M | โ$7.3M | โ$9.4M |
| Depreciation and amortization | $0.0M | $0.0M | $0.2M | $0.6M | $0.5M |
| Stock-based compensation | $0.0M | $0.2M | $0.7M | $1.0M | $0.7M |
| Acquisitions | โ | โ | $2.2M | โ | โ |
| Balance sheet | |||||
| Cash and short-term investments | $1.4M | $11.4M | $2.8M | $1.1M | $6.4M |
| Finance lease liabilities | โ | โ | $1.2M | $0.8M | $0.7M |
| Current assets | $1.4M | $12.0M | $4.0M | $2.7M | $7.6M |
| Current liabilities | $13.0M | $1.1M | $2.2M | $3.1M | $2.9M |
| Inventory | โ | $0.0M | $0.0M | $0.0M | $0.1M |
| Property and equipment, net | $0.0M | $0.2M | $0.5M | $0.4M | $0.3M |
| Goodwill | โ | โ | $1.4M | $1.4M | $1.4M |
| Intangible assets | โ | โ | $0.8M | $0.8M | $0.7M |
| Total assets | $1.5M | $12.2M | $8.2M | $6.5M | $11.0M |
| Total liabilities | $13.2M | $1.1M | $3.4M | $3.9M | $3.7M |
| Preferred stock | โ | โ | โ | โ | $0.0M |
| Shareholders' equity | โ$15.8M | $11.0M | $4.9M | $2.6M | $7.3M |
| Margins | |||||
| Gross margin | โ | 0.1% | โ | โ | โ |
| Operating margin | โ | โ58.1% | โ100.9% | โ95.6% | โ171.6% |
| EBITDA margin | โ | โ58.0% | โ97.8% | โ89.2% | โ163.4% |
| Net margin | โ | โ118.2% | โ100.5% | โ96.6% | โ242.0% |
| FCF margin | โ | โ62.2% | โ76.7% | โ78.4% | โ152.4% |
| Returns | |||||
| Return on capital employed | 19.0% | โ36.3% | โ133.5% | โ262.7% | โ131.3% |
| Return on equity | โ | โ | โ99.8% | โ242.4% | โ301.8% |
| Return on assets | โ435.3% | โ119.6% | โ77.8% | โ122.7% | โ170.6% |
| Return on tangible equity | โ | โ73.8% | โ303.3% | โ2,140.1% | โ289.2% |
| Growth | |||||
| Revenue growth | โ | โ | 14.5% | 18.5% | โ34.2% |
| Share count change | โ | โ | 94.4% | โ95.4% | 325.8% |
| Financial health | |||||
| Interest coverage | โ2.2x | โ1.6x | โ214.9x | โ96.8x | โ238.1x |
| Current ratio | 0.1x | 10.5x | 1.8x | 0.9x | 2.6x |
| Quick ratio | 0.1x | 10.5x | 1.8x | 0.9x | 2.6x |
| Capital allocation | |||||
| Capex / revenue | โ | 3.2% | 0.3% | 0.8% | 1.0% |
| Stock comp / revenue | โ | 3.6% | 9.5% | 10.6% | 10.9% |
| Quality scores | |||||
| Piotroski F-score | โ | โ | 2.0 | 3.0 | 3.0 |
| Altman Z'' | โ127.8 | 4.0 | โ21.3 | โ35.8 | โ22.0 |
| Accruals ratio | โ294.3% | โ59.9% | โ18.6% | โ24.1% | โ63.9% |
Source: SEC EDGAR XBRL filings (CIK 0001712762). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.
