Pricing Log in Create free account
Saturday 17 October 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.

0.20 0.00 0.00%
Market cap
$6.5M
P/E
0.0×
Fwd P/E
0.0×
Dividend yield
—
F-score
3/9
Altman Z
−0.53
Beneish M
−2.92
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 6.54
Revenue 69.64
Net Income (15.20)
Free Cash Flow (8.50)
Net Debt (19.47)
Current Ratio 5.23 (at or above 1.5: strong)
Debt/Equity 0.06 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 0.00
P/S ratio 0.05
P/B ratio 0.11
Past 5Y EPS Growth —
This Y EPS Growth 283.33% (at or above 15%: strong)
Next Y EPS Growth 9.09%
Next Y revenue growth 11.88% (at or above 10%: strong)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is −0.2×, against a ten-year median of 0.7×; over the ten years it ranged from −0.2× in 2026 to 36.4× in 2021.
P/S against its own 10 years 0.14%
10-year low 10-year high
P/B against its own 10 years 0.17%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 20 22 25 21
Receivables 8 6 6 6
Inventory 1 0 0 0
Other 2 2 4 2
31 31 34 29
2023 2024 2025 Q'26
Payables 6 5 3 3
ST’ Debt 3 0 — —
Other 0 — 1 —
14 6 6 6

Compound Annual Growth %

10y 5y 3y
Sales — (1.32%) 1.23%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 21.25%

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — 35
’24 — — — — 33
’23 — — — — 36
’22 — — — — 34
’21 — — — — 35
’20 — — — — 38
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (1)
’24 — — — — (3)
’23 — — — — (2)
’22 — — — — (19)
’21 — — — — 1
’20 — — — — 5
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’25 — (2) — (2) (2)
’24 — (2) — (4) (4)
’23 — (2) — (3) (4)
’22 — (16) — (24) (27)
’21 — 0 — (4) (4)
’20 — 1 — 4 3
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’25 — — — — (0.30)
’24 — — — — (0.53)
’23 — — — — (4.53)
’22 — — — — (14.97)
’21 — — — — (12.40)
’20 — — — — (7.30)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 40.40 4.72 3.06 0.94 0.54

Analyst estimates 2026–2028

Powerpack
High — — — — — 176.00 86.40 36.90 4.30 3.88
People
People Employees — — — — 1,786 1,738 1,663 1,594 1,547 1,604
Revenue/emp, $m — 0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.02 0.02
Income, $m
Income, $m Revenue — 34 37 39 38 35 34 36 33 35
Gross margin, % — 13.76 15.25 12.04 16.67 11.57 11.10 14.86 15.06 15.00
EBT — 1 0 0 (3) (6) (18) (29) (6) (5)
EBT margin, % — 4.31 0.46 0.39 (7.70) (17.71) (54.38) (80.45) (18.41) (15.02)
Net income — 0 0 0 (3) (5) (19) (30) (6) (5)
Depreciation — 2 2 5 5 5 6 5 3 3
Per share, $
Per share, $ Revenue — 1.99 86.07 92.56 87.43 76.25 27.39 5.55 2.92 1.61
Earnings — 0.07 0.17 0.14 (7.30) (12.40) (14.97) (4.53) (0.53) (0.30)
Cash flow — 0.18 12.53 11.98 11.40 2.12 (15.48) (0.25) (0.30) (0.06)
Capex — 0.00 0.00 (1.08) (3.32) (11.39) (6.16) (0.33) (0.02) (0.01)
Free cash flow — 0.18 12.53 10.90 8.07 (9.26) (21.64) (0.57) (0.32) (0.07)
Book value — 0.11 2.68 3.18 (5.02) 14.15 15.43 3.85 2.87 1.56
Shares, m — 17 0 0 0 0 1 7 11 22
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S — 0.57 0.57 0.57 0.57 10.30 1.63 0.83 0.36 0.14
P/B — 0.00 0.00 0.00 0.00 114.90 5.91 2.30 0.78 0.29
EV/Sales — 0.74 0.74 0.74 0.74 10.39 1.84 0.59 0.04 (0.18)
EV/FCF — 4.18 4.18 4.18 4.18 (1,336.09) (2.90) (0.92) (0.29) 1.50
Cash, $m
Cash, $m Operating cash flow — 3 5 5 5 1 (19) (2) (3) (1)
Capex — (2) (2) 0 (1) (5) (8) (2) 0 0
Free cash flow — 3 5 5 3 (4) (27) (4) (4) (2)
Balance, $m
Balance, $m Working capital — (7) (9) (13) 9 (1) 16 17 25 28
Total debt — 17 18 21 22 23 22 4 1 2
Net debt — 13 14 15 13 9 15 (17) (21) (23)
Shareholders’ equity — 2 1 1 (2) 7 19 25 32 34
Returns, %
Returns, % ROA — 4.34 0.48 0.15 (8.31) (14.11) (36.08) (55.28) (12.96) (14.20)
ROIC — 0.00 0.00 (0.43) (12.03) (15.31) (30.82) (214.92) (38.25) (31.76)
ROE — 80.69 4.68 4.34 750.45 (251.18) (144.71) (133.55) (20.52) (20.14)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2019 · fundamentals updated 28 Sep 2026

Charts ten years each

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
SPCB SuperCom, Ltd. $58.4M — (loss-making) 16.6× +13.28% (above 0%: growing) −20.00% (below 0%: shrinking) −109.90% (below 0%: shrinking) 60.37% 10.61% Compare
SNT Senstar Technologies Ltd. $32.7M 104× — +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. $30.1M — (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. $13.5M — (loss-making) — (loss-making) +228.26% (above 0%: growing) n/m −107.72% (below 0%: shrinking) 7.36% (145.09%) Compare
GFAI Guardforce AI Co., Limited $6.5M — (loss-making) — (loss-making) +0.05% (above 0%: growing) n/m +51.02% (above 0%: growing) 6.64% 0.00%
SUGP SU Group Holdings Limited $4.4M — — — — — — — Compare
BKYI BIO-key International Inc. $4.2M — (loss-making) — (loss-making) +13.15% (above 0%: growing) n/m +4.04% (above 0%: growing) 87.19% (27.57%) Compare
OPNW OpenWorld, Inc. $3.8M — (loss-making) — (loss-making) −57.79% (below 0%: shrinking) n/m −176.67% (below 0%: shrinking) 53.51% (29.14%) Compare
IVDA Iveda Solutions, Inc. $2.9M — (loss-making) 0.8× −47.52% (below 0%: shrinking) n/m −7.79% (below 0%: shrinking) 54.70% (88.56%) Compare
Median of peers $8.9M — — +8.21% — −107.72% 54.70% (27.57%)

All 22 Security & Protection Services stocks →

Guardforce AI Co., Limited (GFAI) key facts

  • Concern: Guardforce AI Co., Limited reported a net loss of $5.3 million, or a loss of $0.30 per share, for fiscal 2025.
  • Strength: Guardforce AI Co., Limited’s revenue for fiscal 2025 (year ended December 2025) was $35.2 million, up 7.96% from fiscal 2024.
  • Guardforce AI Co., Limited (GFAI) is a Security & Protection Services company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, GFAI traded at $0.20, a market capitalization of $6.5 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.0× sales.
  • Return on equity was −20.1% and debt-to-equity 0.06.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −0.53 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Sep 28, 2026.

Guardforce AI Co., Limited (GFAI) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/GFAI · Data as of Sep 28, 2026 · For information only; not investment advice. · © 2026 stockrow.com