Guardforce AI Financials
This page shows Guardforce AI (GFAI) financial statements, including the 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).
FY2020 profit is reported, but missing operating and balance-sheet lines prevent a clear read of the business engine.
FY2020 shows accounting profit of$3.1M , yet retained earnings were only$2.2M , so not all of that year's gain appears to have accumulated inside equity. With just$147K of interest expense, the limited evidence fits a lightly debt-funded earnings profile more than one driven by heavy borrowing.
Because revenue, cash flow, assets, and liabilities are missing, you cannot judge cash conversion, working-capital demands, or whether the profit came from core operations; here, the omitted lines matter more than the reported bottom line.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Guardforce AI's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Guardforce AI carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.32, Guardforce AI holds $5.32 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Guardforce AI generated -$1.3M in operating cash flow, capex of $345K consumed most of it, leaving -$1.7M in free cash flow. This results in a low score of 13/100, reflecting heavy capital investment rather than weak cash generation.
Guardforce AI generates a -19.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
For every $1 of reported earnings, Guardforce AI generates $0.20 in operating cash flow (-$1.3M OCF vs -$6.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
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. This represents a decrease of 314.3% from the prior year.
Cash & Balance Sheet
Guardforce AI generated -$1.7M in free cash flow in fiscal year 2025, representing cash available after capex.
Guardforce AI held $24.5M in cash against $2.1M in long-term debt as of fiscal year 2025.
Guardforce AI had 24M shares outstanding in fiscal year 2025. This represents a decrease of 53.2% from the prior year.
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.
Capital Allocation
Guardforce AI invested $345K in capex in fiscal year 2025, funding long-term assets and infrastructure.
GFAI Income Statement
GFAI Balance Sheet
GFAI Cash Flow Statement
GFAI Financial Ratios
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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) generated -$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) generated -$1.3M in operating cash flow during fiscal year 2025, representing cash generated from 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) has an earnings quality ratio of 0.20x, considered low quality (accrual-driven). 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.
How financially healthy is Guardforce AI?
Guardforce AI (GFAI) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.