stockrow
Friday 6 November 2026
Export GFAI’s income statement to Excel — free account
Guardforce AI Co., Limited
GFAI Industrials Security & Protection Services
Guardforce AI Co., Limited’s revenue for fiscal 2025 (year ended December 2025) was $35.2 million, up 7.96% from fiscal 2024.
0.17
0.02
−10.53%
Follow GFAI
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | 34 | 37 | 39 | 38 | 35 | 34 | 36 | 33 | 35 | 70 | +0.3% | 39 | — | — | +11.9% | |
| Gross margin, % | — | 13.76 | 15.25 | 12.04 | 16.67 | 11.57 | 11.10 | 14.86 | 15.06 | 15.00 | 4.94 | +1.2 pt | ||||||
| EBT | — | 1 | 0 | 0 | (3) | (6) | (18) | (29) | (6) | (5) | (36) | n/m | ||||||
| EBT margin, % | — | 4.31 | 0.46 | 0.39 | (7.70) | (17.71) | (54.38) | (80.45) | (18.41) | (15.02) | (51.95) | (19.3) pt | ||||||
| Net income | — | 0 | 0 | 0 | (3) | (5) | (19) | (30) | (6) | (5) | (15) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | 1.99 | 86.07 | 92.56 | 87.43 | 76.25 | 27.39 | 5.55 | 2.92 | 1.61 | 0.00 | (2.6%) | |||||
| Earnings | — | 0.07 | 0.17 | 0.14 | (7.30) | (12.40) | (14.97) | (4.53) | (0.53) | (0.30) | (26.73) | n/m | ||||||
| Cash flow | — | 0.18 | 12.53 | 11.98 | 11.40 | 2.12 | (15.48) | (0.25) | (0.30) | (0.06) | 0.00 | n/m | ||||||
| Capex | — | 0.00 | 0.00 | (1.08) | (3.32) | (11.39) | (6.16) | (0.33) | (0.02) | (0.01) | 0.00 | n/m | ||||||
| Free cash flow | — | 0.18 | 12.53 | 10.90 | 8.07 | (9.26) | (21.64) | (0.57) | (0.32) | (0.07) | 0.00 | n/m | ||||||
| Book value | — | 0.11 | 2.68 | 3.18 | (5.02) | 14.15 | 15.43 | 3.85 | 2.87 | 1.56 | 0.00 | +38.6% | ||||||
| Shares, m | — | 17 | 0 | 0 | 0 | 0 | 1 | 7 | 11 | 22 | — | +3.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | 68.31 | 68.31 | 68.31 | 68.31 | 10.30 | 1.63 | 0.83 | 0.36 | 0.14 | 0.04 | 31.8 | ||||||
| P/B | — | 0.00 | 0.00 | 0.00 | 0.00 | 114.90 | 5.91 | 2.30 | 0.78 | 0.29 | 0.10 | 13.8 | ||||||
| EV/Sales | — | 68.49 | 68.49 | 68.49 | 68.49 | 10.39 | 1.84 | 0.59 | 0.04 | (0.18) | (0.24) | 31.8 | ||||||
| EV/FCF | — | 385.53 | 385.53 | 385.53 | 385.53 | (1,336.09) | (2.90) | (0.92) | (0.29) | 1.50 | 1.94 | 22.6 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | 3 | 5 | 5 | 5 | 1 | (19) | (2) | (3) | (1) | (7) | n/m | |||||
| Capex | — | (2) | (2) | 0 | (1) | (5) | (8) | (2) | 0 | 0 | (1) | (19.4%) | ||||||
| Free cash flow | — | 3 | 5 | 5 | 3 | (4) | (27) | (4) | (4) | (2) | (9) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | (7) | (9) | (13) | 9 | (1) | 16 | 17 | 25 | 28 | 23 | n/m | |||||
| Net debt | — | 13 | 14 | 15 | 13 | 9 | 15 | (17) | (21) | (23) | (19) | n/m | ||||||
| Shareholders’ equity | — | 2 | 1 | 1 | (2) | 7 | 19 | 25 | 32 | 34 | 31 | +42.7% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | 4.34 | 0.48 | 0.15 | (8.31) | (14.11) | (36.08) | (55.28) | (12.96) | (14.20) | 0.00 | (18.5) pt | |||||
| ROIC | — | 0.00 | 0.00 | (0.43) | (12.03) | (15.31) | (30.82) | (214.92) | (38.25) | (31.76) | 0.00 | (31.8) pt | ||||||
| ROE | — | 80.69 | 4.68 | 4.34 | 750.45 | (251.18) | (144.71) | (133.55) | (20.52) | (20.14) | 0.00 | (100.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | 1,786 | 1,738 | 1,663 | 1,594 | 1,547 | 1,604 | — | (2.1%) | |||||
| Revenue/emp, $m | — | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2019 · fundamentals updated 2 Nov 2026
Guardforce AI Co., Limited vs peers in Security & Protection Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CIGL Concorde International Group Ltd. | $44.5M | — | — | — | — | −980.96% (below 0%: shrinking) | — | — | Compare |
| SNT Senstar Technologies Ltd. | $30.3M | 95.6× | — | +8.21% (above 0%: growing) | −70.00% (below 0%: shrinking) | +251.01% (above 0%: growing) | 64.20% | 3.29% | Compare |
| BAER Bridger Aerospace Group Holdings, Inc. | $12.0M | — (loss-making) | — (loss-making) | −0.84% (below 0%: shrinking) | n/m | −9,846.91% (below 0%: shrinking) | 37.13% | 19.72% | Compare |
| KSCP Knightscope, Inc. | $9.8M | — (loss-making) | — (loss-making) | +228.26% (above 0%: growing) | n/m | −107.72% (below 0%: shrinking) | 7.36% | (145.09%) | Compare |
| DETX Liberty Defense Holdings Ltd. | $7.3M | — | — | — | n/m | — | 2.29% | (279.56%) | Compare |
| GFAI Guardforce AI Co., Limited | $5.5M | — (loss-making) | — (loss-making) | +0.05% (above 0%: growing) | n/m | +51.02% (above 0%: growing) | 6.64% | 0.00% | |
| BKYI BIO-key International Inc. | $4.8M | — (loss-making) | — (loss-making) | +13.15% (above 0%: growing) | n/m | +4.04% (above 0%: growing) | 87.19% | (27.57%) | Compare |
| SUGP SU Group Holdings Limited | $3.9M | — | — | — | — | — | — | — | Compare |
| IVDA Iveda Solutions, Inc. | $2.4M | — (loss-making) | 0.8× | −47.52% (below 0%: shrinking) | n/m | −7.79% (below 0%: shrinking) | 54.70% | (88.56%) | Compare |
| Median of peers | $8.6M | — | — | +8.21% | — | −57.75% | 45.92% | (58.06%) |