bioAffinity Technologies, Inc.

NasdaqCM:BIAF Stock Report

Market Cap: US$8.4m

bioAffinity Technologies Past Earnings Performance

Past criteria checks 0/6

bioAffinity Technologies's earnings have been declining at an average annual rate of -18.4%, while the Biotechs industry saw earnings growing at 31.4% annually. Revenues have been growing at an average rate of 47.9% per year.

Key information

-18.44%

Earnings growth rate

40.13%

EPS growth rate

Biotechs Industry Growth17.04%
Revenue growth rate47.93%
Return on equity-433.71%
Net Margin-280.57%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article Mar 05

Here's Why bioAffinity Technologies (NASDAQ:BIAF) Must Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Seeking Alpha Sep 28

bioAffinity Technologies receives ~$7.7M from exercise of warrants

bioAffinity Technologies (NASDAQ:BIAF) received ~$7.7M from the exercise of its tradeable and non-tradable warrants issued as part of the Sep. 6 public offering of securities. A total of 725,576 tradeable warrants at $7.35 per share and 310,910 non-tradable warrants at $7.656 per share were exercised. Separately, the company had received ~$7.9M in gross proceeds from the underwritten public offering of 1,282,600 units. The proceeds are intended to be used to expand existing operations, for the commercialization of its CyPath Lung test and regulatory approvals and research and development of additional diagnostics and cancer therapeutics. It may also be used for working capital and general corporate purposes. Shares were trading +52.36% pre-market. Source: Press Release
Seeking Alpha Sep 14

BioAffinity stock jumps 42% after peer-reviewed data on lung test

Newly IPO’ed biotech BioAffinity Technologies, Inc. (NASDAQ:BIAF) added ~42% in the morning hours Wednesday after the company announced the peer-reviewed publication of data on flow cytometry, a method it uses in its CyPath Lung noninvasive test. As published in the journal PLOS ONE, the research highlights high-throughput flow cytometry analysis of sputum. Results support the use of sputum analysis through flow cytometry as the basis of high-throughput diagnostic tests to evaluate lung health. “In the paper, we describe an innovative and highly efficient method to analyze sputum for the presence of lung cancer, with the potential to focus on other diseases such as COPD and asthma,” BIAF Chief Executive Maria Zannes noted. BIAF went public early this month, raising $7.8M in gross proceeds.

Revenue & Expenses Breakdown

How bioAffinity Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqCM:BIAF Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 266-16112
31 Dec 256-15102
30 Sep 257-15102
30 Jun 258-12102
31 Mar 259-10102
31 Dec 249-9102
30 Sep 249-892
30 Jun 247-992
31 Mar 245-882
31 Dec 233-872
30 Sep 230-762
30 Jun 230-1042
31 Mar 230-832
31 Dec 220-822
30 Sep 220-1221
30 Jun 220-911
31 Mar 220-711
31 Dec 210-611
30 Sep 210-311

Quality Earnings: BIAF is currently unprofitable.

Growing Profit Margin: BIAF is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: BIAF is unprofitable, and losses have increased over the past 5 years at a rate of 18.4% per year.

Accelerating Growth: Unable to compare BIAF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BIAF is unprofitable, making it difficult to compare its past year earnings growth to the Biotechs industry (43%).


Return on Equity

High ROE: BIAF has a negative Return on Equity (-433.71%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 16:17
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

bioAffinity Technologies, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Anthony VendettiMaxim Group