bioAffinity Technologies, Inc.
Business
bioAffinity Technologies develops noninvasive diagnostic laboratory tests to detect early-stage lung cancer and other lung diseases using flow cytometry and machine learning. Its first commercial test, CyPath® Lung, analyzes cell populations in sputum to identify malignancy with high sensitivity and specificity for small nodules. The company operates through its wholly owned subsidiary PPLS, a CAP-accredited and CLIA-certified clinical laboratory, and is developing companion diagnostic tests for asthma and COPD, plus therapeutic approaches through OncoSelect® Therapeutics. The test is marketed to physicians at U.S. medical centers and has a Medicare reimbursement code.
Summary from 10-K filed 2026-03-16
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Revenue | 6 | 9 | 3 | 4,803 | — | |
| Direct costs and expenses | 4 | 6 | 2 | 467 | — | |
| Research and development | 1 | 1 | 1 | 1 | 1 | |
| Clinical development | 705,744 | 321,655 | 256,661 | 145,546 | 130,475 | |
| Selling, general and administrative | 10 | 10 | 7 | 2 | 1 | |
| Depreciation and amortization | 504,836 | 605,637 | 249,592 | 10,182 | — | |
| Total operating expenses | 17 | 18 | 11 | 4 | 2 | |
| Loss from operations | −11 | −9 | −8 | −4 | −2 | |
| Interest income | 23,385 | 17,610 | 122,131 | 46,708 | 424 | |
| Interest expense | −44,372 | −92,475 | −37,125 | — | — | |
| Other income | 40,490 | 10,323 | 3,325 | — | — | |
| Other expense | −502,429 | −10,194 | −31,121 | — | — | |
| Change in fair value of warrants issued | −4 | — | — | — | — | |
| Loss before income tax expense | −15 | −9 | −8 | −8 | −6 | |
| Income tax expense | −44,042 | −11,650 | −20,993 | −2,459 | −1,950 | |
| Net loss | −15 | −9 | −8 | −8 | −6 | |
| Net loss per common share, basic | −8.66 | −22.5 | −0.91 | −1.81 | −2.36 | |
| Net loss per common share, diluted | −8.66 | −22.5 | −0.91 | −1.81 | — | |
| Weighted average common shares outstanding, basic | 2 | 404,167 | 9 | 4 | 3 | |
| Weighted average common shares outstanding, diluted | 2 | 404,167 | 9 | 4 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-05-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 6 | — | 1 | 3 | 11 | |
| Accounts and other receivables, net | 541,962 | — | 1 | 811,674 | 10,489 | |
| Inventory | 53,548 | — | 27,608 | 18,484 | 5,540 | |
| Prepaid expenses and other current assets | 519,916 | — | 422,995 | 321,017 | 531,899 | |
| Total current assets | 8 | — | 3 | 4 | 12 | |
| Property and equipment, net | 265,593 | — | 375,385 | 458,633 | 214,438 | |
| Operating lease right-of-use asset, net | 334,289 | — | 463,011 | 370,312 | — | |
| Finance lease right-of-use asset, net | 661,575 | — | 780,872 | 1 | — | |
| Goodwill | 1 | — | 1 | 1 | — | |
| Intangible assets, net | 716,806 | — | 775,139 | 833,472 | — | |
| Other assets | 12,815 | — | 19,676 | 16,060 | 6,000 | |
| Total assets | 11 | — | 7 | 8 | 12 | |
| Accounts payable | 761,901 | — | 987,311 | 604,789 | 345,042 | |
| Accrued expenses | 2 | — | 1 | 1 | 541,894 | |
| Unearned revenue | 42,405 | — | 24,404 | 33,058 | — | |
| Operating lease liability, current portion | 139,220 | — | 127,498 | 94,708 | — | |
| Finance lease liability, current portion | 139,490 | — | 395,301 | 365,463 | — | |
| Notes payable, current portion | 105,161 | — | 171,669 | — | — | |
| Total current liabilities | 3 | — | 3 | 2 | 1 | |
| Operating lease liability, net of current portion | 202,878 | — | 342,098 | 283,001 | — | |
| Finance lease liability, net of current portion | 532,759 | — | 444,448 | 835,467 | — | |
| Notes payable, net of current portion | 41,313 | — | 20,180 | — | — | |
| Total liabilities | 4 | — | 4 | 3 | 1 | |
| Commitments and contingencies (Note 11) | — | — | — | — | — | |
| Preferred stock, $0.001 per share; 20,000,000 shares authorized; 700 and 0 shares issued and outstanding at December 31, 2025 and 2024, respectively | 1 | — | — | — | — | |
| Common Stock, par value $0.007 per share; 350,000,000 shares authorized; 4,498,675 and 519,158 issued and outstanding at December 31, 2025 and 2024, respectively() | 31,461 | 6 | 3,553 | 65,762 | 58,669 | |
| Additional paid-in capital(1) | 76 | — | 56 | 49 | 48 | |
| Accumulated deficit | −69 | — | −54 | −45 | −37 | |
| Total stockholders equity | 7 | — | 3 | 5 | 11 | |
| Total liabilities and stockholders equity | 11 | — | 7 | 8 | 12 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation expense | 671,474 | 989,681 | 748,823 | 248,592 | 43,012 | |
| Fair value adjustment on warrants | 4 | — | — | — | — | |
| Accounts and other receivables | 597,242 | −327,530 | 311,366 | −8,959 | — | |
| Inventory | −25,940 | −9,124 | −12,944 | −5,540 | — | |
| Prepaid expenses and other assets | −90,060 | −105,594 | 214,402 | −492,753 | −34,990 | |
| Accounts payable | −225,410 | 382,521 | −14,501 | 114,635 | 39,020 | |
| Accrued expenses | 319,267 | 248,911 | 362,012 | 66,335 | 107,744 | |
| Unearned revenue | 18,001 | −8,654 | 33,058 | — | — | |
| Operating lease right-of-use asset | 1,224 | −812 | 7,397 | — | — | |
| Net cash used in operating activities | −9 | −7 | −6 | −4 | −2 | |
| Purchase of property and equipment | −60,568 | −79,083 | −22,902 | −219,987 | — | |
| Net cash used in investing activities | −60,568 | −79,083 | −2 | −219,987 | — | |
| Proceeds from issuance of Common Stock from direct offering | 11 | 6 | — | 6 | — | |
| Proceeds from exercised stock options | — | 74,899 | — | 74,900 | — | |
| Proceeds from exercise of warrants | 5 | 1 | — | 8 | — | |
| Proceeds from issuance of Convertible Preferred Stock | 990,000 | — | — | — | — | |
| Payment of offering costs for financing activities | −2 | −1 | — | — | — | |
| (Payments) proceeds from loans payable | −45,375 | 191,849 | −251,746 | 555,148 | — | |
| Principal repayments on finance leases | −324,346 | −361,181 | −93,238 | — | — | |
| Net cash provided by financing activities | 15 | 6 | −344,984 | 14 | 3 | |
| Net change in cash and cash equivalents | 5 | −2 | −9 | 10 | 1 | |
| Income taxes paid in cash | 44,042 | 11,650 | 37,125 | 2,459 | — | |
| Interest paid | 23,385 | 17,610 | 20,993 | 30,637 | 1,950 | |
| Fair value of warrants issued to placement agents | — | 74,281 | 1 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is bioAffinity Technologies, Inc.'s CIK number?
bioAffinity Technologies, Inc.'s SEC CIK number is 0001712762 (1712762). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find bioAffinity Technologies, Inc.'s SEC filings?
All of bioAffinity Technologies, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did bioAffinity Technologies, Inc. last report earnings?
bioAffinity Technologies, Inc. (BIAF) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-021861). This is bioAffinity Technologies, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is bioAffinity Technologies, Inc.'s most recent earnings 8-K?
bioAffinity Technologies, Inc.'s latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001493152-26-021861. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View bioAffinity Technologies, Inc.'s latest earnings 8-K →
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