GFAI
Guardforce AI Co Ltd
NASDAQ: GFAI · INDUSTRIALS · SECURITY & PROTECTION SERVICES
$0.58
+1.93% today
Updated 2026-05-01
Market cap
$17.78M
P/E ratio
—
P/S ratio
0.51x
EPS (TTM)
$-0.24
Dividend yield
—
52W range
$0 – $2
Volume
2.5M
Guardforce AI Co Ltd (GFAI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.48M | $37.34M | $38.57M | $37.65M | $34.67M | $33.97M | $36.28M | $36.35M | $35.23M |
| Revenue growth (YoY) | — | +8.3% | +3.3% | -2.4% | -7.9% | -2.0% | +6.8% | +0.2% | -3.1% |
| Cost of revenue | $29.73M | $31.65M | $34.08M | $31.54M | $32.35M | $33.24M | $34.76M | $30.09M | $29.95M |
| Gross profit | $4.74M | $5.69M | $4.49M | $6.11M | $2.81M | $1.23M | $1.53M | $6.26M | $5.29M |
| Gross margin | 13.8% | 15.2% | 11.6% | 16.2% | 8.1% | 3.6% | 4.2% | 17.2% | 15.0% |
| R&D | — | — | — | $0.00 | $0.00 | $99947.00 | $169511.00 | $591225.00 | $837719.00 |
| SG&A | $344511.00 | $697687.00 | $4.26M | $6.18M | $7.10M | $13.99M | $12.20M | $11.04M | $9.37M |
| Operating income | $1.59M | $1.21M | $-110980.00 | $-2.12M | $-3.70M | $-16.83M | $-29.30M | $-6.72M | $-5.88M |
| Operating margin | 4.6% | 3.2% | -0.3% | -5.6% | -10.7% | -49.5% | -80.8% | -18.5% | -16.7% |
| EBITDA | $3.84M | $3.43M | $6.33M | $3.03M | $-207042.00 | $-11.35M | $-23.29M | $-3.14M | $-2.59M |
| EBITDA margin | 11.1% | 9.2% | 16.4% | 8.1% | -0.6% | -33.4% | -64.2% | -8.6% | -7.4% |
| EBIT | $1.56M | $942213.00 | $1.04M | $-2.00M | $-5.24M | $-17.33M | $-28.54M | $-6.50M | $-5.88M |
| Interest expense | $621971.00 | $770230.00 | $886465.00 | $898748.00 | $984843.00 | $1.14M | $653374.00 | — | — |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.27M | $73724.00 | $54035.00 | $-3.13M | $-5.48M | $-18.56M | $-29.57M | $-5.86M | $-6.66M |
| Net income growth (YoY) | — | -94.2% | -26.7% | -5885.2% | -75.4% | -238.7% | -59.3% | +80.2% | -13.5% |
| Profit margin | 3.7% | 0.2% | 0.1% | -8.3% | -15.8% | -54.7% | -81.5% | -16.1% | -18.9% |