Guardforce AI Co., Limited (GFAI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for FY2025, filed Apr 21, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GFAI SEC filings page.
Guardforce AI Co., Limited (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).
The business is equity-funded and lightly indebted, but current operations lose money and do not yet fund reinvestment.
The earnings-to-cash gap is material: FY2025 reported a net loss of$6.6M while operating cash flow was-$1.3M , suggesting expenses in accounting earnings were not matched by equivalent current-period cash movement. Free cash flow was-$1.7M , below operating cash flow by$345K , indicating reinvestment further reduced internally generated cash.
A 5.3x current ratio indicates substantial short-term coverage, supported by current assets of
Total assets of
Financial Health Signals
Guardforce AI Co., Limited 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 Co., Limited 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 Co., Limited generated $35.2M in revenue in fiscal year 2025.
Guardforce AI Co., Limited reported -$6.6M in net income in fiscal year 2025.
Guardforce AI Co., Limited earned -$0.24 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Guardforce AI Co., Limited recorded an outflow of $1.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex.
Guardforce AI Co., Limited 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 Co., Limited's net profit margin was -18.9% in fiscal year 2025, showing the share of revenue converted to profit.
Guardforce AI Co., Limited'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 Co., Limited 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2510-K | FY2010-K |
|---|---|---|
| Total Assets | $49.1M | N/A |
| Current Assets | $34.1M | N/A |
| Cash & Equivalents | $24.5M | N/A |
| Short-Term Investments | $0 | N/A |
| Inventory | $22K | N/A |
| Accounts Receivable | $4.9M | N/A |
| Long-Term Investments | $0 | N/A |
| Goodwill | $412K | N/A |
| Total Liabilities | $15.0M | N/A |
| Current Liabilities | $6.4M | N/A |
| Non-Current Liabilities | $8.6M | 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
No annual filing on record for: FY2021, FY2022, FY2023, FY2024.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Guardforce AI Co., Limited GFAI | FY2025 | $35.2M | -$6.6M | -18.9% | $9.2M | — |
| SuperCom, Ltd SPCB | FY2025 | $27.9M | $3.7M | 13.4% | $57.5M | 47/100 |
| SU Group Holdings Limited SUGP | FY2025 | $24.7M | -$2.4M | -9.6% | $640K | 43/100 |
| VerifyMe, Inc. VRME | FY2025 | $16.4M | -$4.9M | -29.9% | $11.8M | 38/100 |
| BIO-key International, Inc. BKYI | FY2025 | $5.9M | $7.2M | N/A | $2.8M | 24/100 |
| Iveda Solutions, Inc. IVDA | FY2025 | $5.3M | -$3.2M | -60.6% | $3.6M | 55/100 |
Where Guardforce AI Co., Limited Ranks
Frequently Asked Questions
What is Guardforce AI Co., Limited's annual revenue?
Guardforce AI Co., Limited (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 Co., Limited profitable?
No, Guardforce AI Co., Limited (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 Co., Limited have?
As of fiscal year 2025, Guardforce AI Co., Limited (GFAI) had $24.5M in cash and equivalents against $2.1M in long-term debt.
What is Guardforce AI Co., Limited's net profit margin?
Guardforce AI Co., Limited (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 Co., Limited's return on equity (ROE)?
Guardforce AI Co., Limited (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 Co., Limited's free cash flow?
Guardforce AI Co., Limited (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 Co., Limited's operating cash flow?
Guardforce AI Co., Limited (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 Co., Limited's total assets?
Guardforce AI Co., Limited (GFAI) had $49.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Guardforce AI Co., Limited's capital expenditures?
Guardforce AI Co., Limited (GFAI) invested $345K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Guardforce AI Co., Limited's current ratio?
Guardforce AI Co., Limited (GFAI) had a current ratio of 5.32 as of fiscal year 2025, which is generally considered healthy.
What is Guardforce AI Co., Limited's debt-to-equity ratio?
Guardforce AI Co., Limited (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 Co., Limited's return on assets (ROA)?
Guardforce AI Co., Limited (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 Co., Limited's P/E ratio?
Guardforce AI Co., Limited (GFAI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $9.2M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Guardforce AI Co., Limited's price-to-sales ratio?
Guardforce AI Co., Limited (GFAI) trades at 0.3x sales, its market capitalization divided by revenue of $35.2M revenue, FY2025. The market capitalization is $9.2M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Are Guardforce AI Co., Limited's earnings high quality?
Guardforce AI Co., Limited (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.