Guardforce AI Financials
Guardforce AI (GFAI) reported $35.2M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash-heavy liquidity is supporting an unprofitable but low-capex operating model, so financing strain is muted more by balance sheet than earnings.
The most important disconnect is earnings quality versus cash use: a net loss of-$6.6M translated into operating cash flow of only-$1.3M . With free cash flow at-$1.7M , the business looks far less cash-hungry than the income statement alone suggests, implying a large share of the loss is non-cash or timing-related rather than immediate cash drain.
Liquidity is the main stabilizer: cash of
The asset base is unusually liquid, with cash of
Financial Health Signals
Guardforce AI does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Guardforce AI reported a net loss of $6.6M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Guardforce AI generated $35.2M in revenue in fiscal year 2025.
Guardforce AI reported -$6.6M in net income in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Guardforce AI recorded an outflow of $1.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex.
Guardforce AI held $24.5M in cash against $2.1M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Guardforce AI's net profit margin was -18.9% in fiscal year 2025, showing the share of revenue converted to profit.
Guardforce AI's ROE was -19.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Guardforce AI invested $345K in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
GFAI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY20 |
|---|---|---|
| Revenue | $35.2M | N/A |
| Interest Expense | $146K | $147K |
| Income Tax | -$6K | N/A |
| Net Income | -$6.6M | $3.1M |
| EPS (Diluted) | -$0.24 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
No annual filing on record for: FY2021, FY2022, FY2023, FY2024.
GFAI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY20 |
|---|---|---|
| Total Assets | $49.1M | N/A |
| Current Assets | $34.1M | N/A |
| Cash & Equivalents | $24.5M | N/A |
| Inventory | $22K | N/A |
| Accounts Receivable | $4.9M | N/A |
| Goodwill | $412K | N/A |
| Total Liabilities | $15.0M | N/A |
| Current Liabilities | $6.4M | N/A |
| Long-Term Debt | $2.1M | N/A |
| Total Equity | $34.1M | N/A |
| Retained Earnings | -$70.9M | $2.2M |
No annual filing on record for: FY2021, FY2022, FY2023, FY2024.
GFAI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY20 |
|---|---|---|
| Operating Cash Flow | -$1.3M | N/A |
| Capital Expenditures | $345K | N/A |
| Free Cash Flow | -$1.7M | N/A |
| Investing Cash Flow | $232K | N/A |
| Financing Cash Flow | $3.3M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
No annual filing on record for: FY2021, FY2022, FY2023, FY2024.
GFAI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY20 |
|---|---|---|
| Net Margin | -18.9% | N/A |
| Return on Equity | -19.5% | N/A |
| Return on Assets | -13.5% | N/A |
| Current Ratio | 5.32 | N/A |
| Debt-to-Equity | 0.06 | N/A |
| FCF Margin | -4.7% | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
No annual filing on record for: FY2021, FY2022, FY2023, FY2024.
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Where Guardforce AI Ranks
Frequently Asked Questions
What is Guardforce AI's annual revenue?
Guardforce AI (GFAI) reported $35.2M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Guardforce AI profitable?
No, Guardforce AI (GFAI) reported a net income of -$6.6M in fiscal year 2025, with a net profit margin of -18.9%.
How much debt does Guardforce AI have?
As of fiscal year 2025, Guardforce AI (GFAI) had $24.5M in cash and equivalents against $2.1M in long-term debt.
What is Guardforce AI's net profit margin?
Guardforce AI (GFAI) had a net profit margin of -18.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Guardforce AI's return on equity (ROE)?
Guardforce AI (GFAI) has a return on equity of -19.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Guardforce AI's free cash flow?
Guardforce AI (GFAI) recorded an outflow of $1.7M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Guardforce AI's operating cash flow?
Guardforce AI (GFAI) recorded an outflow of $1.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Guardforce AI's total assets?
Guardforce AI (GFAI) had $49.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Guardforce AI's capital expenditures?
Guardforce AI (GFAI) invested $345K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Guardforce AI's current ratio?
Guardforce AI (GFAI) had a current ratio of 5.32 as of fiscal year 2025, which is generally considered healthy.
What is Guardforce AI's debt-to-equity ratio?
Guardforce AI (GFAI) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Guardforce AI's return on assets (ROA)?
Guardforce AI (GFAI) had a return on assets of -13.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Guardforce AI's cash runway?
Based on fiscal year 2025 data, Guardforce AI (GFAI) had $24.5M in cash against an annual operating cash burn of $1.3M. This gives an estimated cash runway of approximately 226 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Are Guardforce AI's earnings high quality?
Guardforce AI (GFAI) reported a net loss of $6.6M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.