GFAI revenueFY2025$35.23M
- FY YoY
- +8.0%
- 5Y CAGR
- -1.3%
GFAI revenue was $35.23M for fiscal 2025 (ended Dec 31, 2025), up 8.0% from fiscal 2024. Compound annual growth was -1.3% over 5 years. It rose in 1 of the last 6 fiscal years.
Guardforce AI Co. Limited (GFAI) financials
For fiscal 2025 (ended Dec 31, 2025), Guardforce AI Co. Limited reported $35.23M of revenue and -$6.66M of net income.
- Revenue, FY2025
- $35.23M
- Revenue growth, YoY
- +8.0%
- Net income, FY2025
- -$6.66M
- Net margin
- -18.9%
- Free cash flow, FY2025
- -$1.65M
- EPS, diluted, FY2025
- -$0.30
- Cash
- $24.55M
- P/S
- 0.16
- Market cap
- $5.5M
FY2019FY2025
FY2019FY2025
FY2019FY2025
GFAI revenue and earnings growth
GFAI net incomeFY2025-$6.66M
GFAI net income was -$6.66M for fiscal 2025 (ended Dec 31, 2025), compared with -$5.86M in fiscal 2024.
GFAI EPSFY2025-$0.30
GFAI diluted EPS was -$0.30 for fiscal 2025 (ended Dec 31, 2025).
GFAI free cash flowFY2025-$1.65M
GFAI free cash flow was -$1.65M for fiscal 2025 (ended Dec 31, 2025), compared with -$3.56M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $35.23M | $32.64M | $32.65M | $33.97M | $34.67M | $37.65M | $38.57M |
| Cost of revenue | $29.95M | $27.72M | $28.51M | $30.20M | $31.06M | - | - |
| Gross profit | $5.29M | $4.92M | $4.14M | $3.77M | $3.61M | $6.27M | $4.64M |
| Research and development | $837.7K | $388.9K | $169.5K | $99.9K | - | - | - |
| Selling, general and admin | $8.81M | $8.95M | $11.55M | $14.44M | $7.17M | $6.67M | $4.75M |
| Operating income | -$5.88M | -$6.71M | -$28.40M | -$16.83M | -$3.75M | -$2.12M | -$111.0K |
| Interest expense | $183.3K | $144.5K | $402.8K | $89.5K | $109.8K | $146.3K | $100.7K |
| Pre-tax income | -$5.29M | -$6.01M | -$28.31M | -$18.47M | -$6.26M | -$2.90M | $148.6K |
| Income tax | -$6.4K | -$125.9K | $434.3K | $132.2K | -$732.9K | $242.8K | $88.5K |
| Net income | -$6.66M | -$5.86M | -$29.57M | -$18.56M | -$5.48M | -$3.13M | $54.0K |
| EPS, basic | -$0.30 | -$0.53 | -$4.53 | -$14.97 | -$11.90 | -$7.26 | $0.00 |
| EPS, diluted | -$0.30 | -$0.53 | -$4.53 | -$14.97 | -$11.90 | - | - |
| Diluted shares | 21.9M | 11.2M | 6.5M | 1.2M | 460,719 | 430,381 | 16.7M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $24.55M | $21.94M | $20.24M | $6.93M | $12.73M | $8.41M | $6.08M |
| Receivables | $4.95M | $5.92M | $5.63M | $5.40M | $4.94M | $5.47M | - |
| Inventory | $21.5K | $274.9K | $506.4K | $5.11M | $1.39M | $495.1K | - |
| Current assets | $34.09M | $30.85M | $31.12M | $35.26M | $21.96M | $17.03M | $13.40M |
| Goodwill | - | $411.9K | $411.9K | $2.68M | $329.5K | - | - |
| Total assets | $49.09M | $44.69M | $45.81M | $61.17M | $41.75M | $35.97M | $39.29M |
| Current liabilities | $6.41M | $6.26M | $14.01M | $19.21M | $22.50M | $8.08M | $26.64M |
| Short-term debt | - | - | - | - | - | $495.0K | $1.97M |
| Long-term debt | - | - | $44.4K | $2.34M | $859.1K | $993.9K | $199.4K |
| Total debt | - | $44.2K | $44.4K | $2.34M | $859.1K | $1.49M | $2.17M |
| Total liabilities | $14.99M | $12.70M | $20.66M | $42.03M | $35.23M | $38.13M | $37.96M |
| Shareholders' equity | $34.15M | $32.05M | $25.15M | $19.13M | $6.52M | -$2.21M | $1.33M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.31M | -$3.33M | -$1.60M | -$17.37M | $979.2K | $4.91M | $4.99M |
| Capital expenditures | $345.1K | $237.4K | $2.10M | $4.40M | $5.24M | $1.41M | $433.5K |
| Free cash flow | -$1.65M | -$3.56M | -$3.70M | -$21.77M | -$4.26M | $3.50M | $4.56M |
| Investing cash flow | $231.6K | $200.4K | -$2.13M | -$9.41M | -$5.22M | -$1.43M | -$451.5K |
| Financing cash flow | $3.30M | $4.71M | $17.12M | $20.94M | $10.65M | -$1.13M | -$1.73M |
| Stock-based compensation | $1.35M | $1.85M | $1.10M | $252.1K | - | $100.9K | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 |
|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 8.0% | -0.0% | -3.9% | -2.0% | -7.9% | -2.4% | - |
| Gross margin | 15.0% | 15.1% | 12.7% | 11.1% | 10.4% | 16.7% | 12.0% |
| Operating margin | -16.7% | -20.6% | -87.0% | -49.5% | -10.8% | -5.6% | -0.3% |
| Net margin | -18.9% | -18.0% | -90.6% | -54.7% | -15.8% | -8.3% | 0.1% |
| Free cash flow margin | -4.7% | -10.9% | -11.3% | -64.1% | -12.3% | 9.3% | 11.8% |
| Return on equity | -19.5% | -18.3% | -117.6% | -97.0% | -84.0% | - | 4.1% |
| Return on assets | -13.6% | -13.1% | -64.5% | -30.4% | -13.1% | -8.7% | 0.1% |
| Current ratio | 5.32 | 4.92 | 2.22 | 1.84 | 0.98 | 2.11 | 0.50 |
| Debt to equity | - | 0.00 | 0.00 | 0.12 | 0.13 | - | 1.63 |
Source: XBRL data Guardforce AI Co. Limited files with the SEC, latest filing dated Apr 21, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
GFAI peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| GFAI | $35.23M | +8.0% | -$6.66M | -18.9% | $5.5M |
| ABNB | $13.93B | +16.7% | $3.21B | 23.0% | $109.81B |
| URI | $17.50B | +9.4% | $2.86B | 16.3% | $68.41B |
| PYPL | $34.30B | +4.4% | $4.73B | 13.8% | $48.83B |
| PAYX | $6.60B | +14.0% | $1.81B | 27.4% | $41.36B |
| SUNB | $11.47B | - | $1.39B | 12.1% | $33.34B |
| AER | $8.52B | +6.5% | $3.75B | 44.0% | $27.16B |
| ROL | $3.99B | +8.3% | $526.12M | 13.2% | $18.36B |
| APG | $8.91B | +16.4% | $367.00M | 4.1% | $18.17B |
GFAI FAQ
9 questionsWhat is GFAI revenue?
Guardforce AI Co. Limited (GFAI) reported $35.23M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 8.0% from the year before.Is GFAI profitable?
No. Guardforce AI Co. Limited reported a net loss of $6.66M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does GFAI have?
Guardforce AI Co. Limited reported $24.55M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is GFAI revenue growing?
Guardforce AI Co. Limited's revenue changed +8.0% in fiscal 2025, to $35.23M. Its compound annual growth rate was -1.3% over 5 years.What is GFAI gross margin?
Guardforce AI Co. Limited's gross profit was $5.29M on $35.23M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 15.0%.What is GFAI free cash flow?
Guardforce AI Co. Limited generated -$1.65M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of -$1.31M less capital expenditures.What is GFAI earnings per share?
Diluted earnings per share were -$0.30 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did GFAI last report financial results?
The latest statements here come from Guardforce AI Co. Limited's 20-F filed on Apr 21, 2026, covering the period ended Dec 31, 2025.Where does this GFAI financial data come from?
Quantisnow builds these statements from the structured XBRL data Guardforce AI Co. Limited files with the SEC. It is provided for information only and is not investment advice.