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bioAffinity Technologies, Inc.

BIAF NASDAQ Categories PDF
Healthcare · Medical - Diagnostics & Research · United States · Updated May 11, 6:58am
$2.03
Price
$9.1M
Market Cap
57
Employees
-1.19
Beta
Maria Zannes
CEO
Business Description

bioAffinity Technologies, Inc., a biotechnology company, engages in developing non-invasive diagnostic tests and targeted cancer therapeutics. The company offers CyPath lung, a diagnostic test, for early detection of lung cancer. It also researches targeted therapies to treat cancer at the cellular level. The company was founded in 2014 and is based in San Antonio, Texas.

Business History
Price Overview
Last updated: May 11, 2026 1:54pm (just now)
$2.00
-0.04 (-1.72%)
Day Range
$1.93 – $2.04
52-Week Range
$0.69 – $15.00
50-Day MA
$2.60
200-Day MA
$3.29
Volume
152,162.00
Share Structure
Outstanding 4,498,675.00
Float 4,351,874.00
Free Float 96.7%
High free float — 96.7% of shares trade freely, ~3.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Small absolute float (4.4M shares) — even with a decent free float %, volume can be thin. Check average daily volume before sizing a position.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-0.23
Stock Price: $2.03
EPS (Diluted): -8.66
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.28
Stock Price: $2.03
Total Equity: $7.28M
Shares: 1,721,082
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-0.47
Market Cap: $9.13M
Total Debt: $1.16M
Cash: $6.45M
EBITDA: -$10.07M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
-$3.3M
Market Cap: $9.13M
Total Debt: $1.16M
Cash: $6.45M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
23.2%
Gross Profit: $1.43M
Revenue: $6.16M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-171.6%
Operating Income: -$10.57M
Revenue: $6.16M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-242.0%
Net Income: -$14.91M
Revenue: $6.16M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-358.8%
Net Income: -$14.91M
Total Equity: $7.28M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-229.2%
Operating Income: -$10.57M
Tax Rate: -0.3%
Equity: $7.28M
Total Debt: $1.16M
Cash: $6.45M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
2.60
Current Assets: $7.57M
Current Liabilities: $2.91M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.16
Short-Term Debt: $383,871
Long-Term Debt: $776,950
Total Debt: $1.16M
Total Equity: $7.28M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$3.58
Revenue: $6.16M
Shares: 1,721,082
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$4.23
Total Equity: $7.28M
Shares: 1,721,082
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-5.46
Operating CF: -$9.33M
CapEx: -$60,568
Shares: 1,721,082
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $2.03
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: -$14.91M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BIAF against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $0 $4,803 $2.5M $9.4M $6.2M
Cost of Revenue $4,817 $467 $1.7M $6.0M $4.7M
Gross Profit $-4,817 $4,336 $791,615 $3.4M $1.4M
Operating Expenses $2.2M $4.0M $8.8M $12.3M $12.0M
Operating Income -$2.2M -$4.0M -$8.0M -$9.0M -$10.6M
Net Income -$6.3M -$8.2M -$7.9M -$9.0M -$14.9M
EBITDA -$5.3M -$5.6M -$7.6M -$8.3M -$10.1M
EPS $-70.86 $-54.30 $-27.30 $-22.50 $-8.66
EPS (Diluted)
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $1.4M $11.4M $2.8M $1.1M $6.4M
Total Current Assets $1.4M $12.0M $4.0M $2.7M $7.6M
Total Assets $1.5M $12.2M $8.2M $6.5M $11.0M
Current Liabilities $13.0M $1.1M $2.2M $3.1M $2.9M
Long-Term Debt $160,184 $0 $0 $20,180 $776,950
Total Liabilities $17.2M $1.1M $3.4M $3.9M $3.7M
Total Equity -$15.8M $11.0M $4.9M $2.6M $7.3M
Retained Earnings -$28.5M -$36.7M -$44.6M -$53.6M -$68.6M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$2.0M -$4.1M -$6.0M -$7.3M -$9.3M
Capital Expenditure $0 $-219,987 $-22,902 $-79,083 $-60,568
Free Cash Flow -$2.0M -$4.3M -$6.1M -$7.3M -$9.4M
Acquisitions (net) $0 $0 -$2.2M $0 $0
Debt Repayment
Dividends Paid
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $1.3M $10.1M -$8.6M -$1.7M $5.3M
Analyst Estimates (Annual)
Metric 2023 2024 2025 2026
Revenue $2.1M
$2.1M – $2.1M
$9.6M
$9.6M – $9.6M
$6.1M
$6.1M – $6.1M
$7.3M
$7.3M – $7.3M
EBITDA $-373,702
$-373,702 – $-373,702
-$5.5M
-$5.5M – -$5.5M
-$3.5M
-$3.5M – -$3.5M
-$4.2M
-$4.2M – -$4.2M
Net Income -$10.2M
-$10.2M – -$10.2M
-$35.6M
-$35.6M – -$35.6M
-$24.8M
-$24.8M – -$24.8M
-$13.9M
-$13.9M – -$13.9M
EPS
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +52,617.1% +269.7% -34.2%
Gross Profit Growth +190.0% +18,156.8% +326.8% -57.7%
Operating Income Growth -81.8% -98.8% -12.3% -18.1%
Net Income Growth -28.9% +2.7% -13.9% -64.9%
EBITDA Growth -5.5% -36.0% -9.2% -20.9%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2025-08-12 Rios Roberto 0.00 $0.00 $0
2025-08-12 Oppenheimer John J. 0.00 $0.00 $0
2025-01-10 Reveles Xavier Trinidad A-Award 21,604.00 $0.00 $0
2025-01-10 GIRGENTI STEVEN A-Award 14,814.00 $0.00 $0
2025-01-10 Zannes Maria A-Award 37,037.00 $0.00 $0
2025-01-10 Edwards James Michael A-Award 6,172.00 $0.00 $0
2025-01-10 Zannes Timothy P A-Award 8,641.00 $0.00 $0
2024-11-05 Edwards James Michael A-Award 100,000.00 $0.00 $0
2024-09-16 Edwards James Michael 0.00 $0.00 $0
2022-09-01 Edwards James Michael 5,876.00 $3.06 $17,995
2022-09-01 Edwards James Michael 6,120.00 $3.06 $18,743
2022-07-20 Edwards James Michael 761.00 $5.25 $3,995
2024-07-01 DIAMOND STUART A-Award 33,784.00 $0.00 $0
2024-07-01 GIRGENTI STEVEN A-Award 33,784.00 $0.00 $0
2024-07-01 Anderson Robert A. A-Award 33,784.00 $0.00 $0
2024-07-01 Joyce Roby A-Award 33,784.00 $0.00 $0
2024-07-01 Zannes Maria A-Award 33,784.00 $0.00 $0
2024-07-01 Platt Jamie A-Award 33,784.00 $0.00 $0
2024-07-01 Rubin Gary D A-Award 33,784.00 $0.00 $0
2024-07-01 KNIGHT PETER S A-Award 33,784.00 $0.00 $0
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27