Guardforce AI Co., Limited (GFAI)

Guardforce AI Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	24.55	21.94	20.24	6.93	12.73
Short-Term Investments	1.32	-	-	-	-
Cash & Short-Term Investments	25.87	21.94	20.24	6.93	12.73
Cash Growth	17.91%	8.41%	191.97%	-45.55%	51.28%
Accounts Receivable	4.95	5.92	5.63	5.4	4.94
Other Receivables	0.38	0.3	0.33	0.29	0.13
Receivables	5.33	6.22	5.96	5.69	5.07
Inventory	0.02	0.27	0.51	5.11	1.39
Prepaid Expenses	0.66	1.82	1.1	0.98	1.01
Restricted Cash	-	0.03	0.1	-	1.6
Other Current Assets	2.21	0.57	3.22	16.55	0.17
Total Current Assets	34.09	30.85	31.12	35.26	21.96
Property, Plant & Equipment	7.61	5.45	6.73	12.24	12.26
Goodwill	-	0.41	0.41	2.68	0.33
Other Intangible Assets	1.06	2.3	2.84	5.79	0.16
Long-Term Deferred Tax Assets	1.42	1.28	1.09	1.51	1.64
Long-Term Deferred Charges	-	-	-	0.01	0.05
Other Long-Term Assets	4.92	4.4	3.63	3.67	5.35
Total Assets	49.09	44.69	45.81	61.17	41.75

Liabilities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	0.55	2	2.11	2.06	0.68
Accrued Expenses	2.44	2.08	5.9	5.22	2.14
Short-Term Debt	-	-	3.25	4.88	0.02
Current Portion of Long-Term Debt	-	0.04	0.2	3.18	16.07
Current Portion of Leases	2.14	1.67	1.35	2.17	2.99
Current Unearned Revenue	0	0.12	0.26	0.57	0.04
Other Current Liabilities	1.28	0.34	0.95	1.13	0.57
Total Current Liabilities	6.41	6.26	14.01	19.21	22.5
Long-Term Debt	-	-	0.04	15.36	6.19
Long-Term Leases	2.08	0.89	1.67	2.57	0.67
Pension & Post-Retirement Benefits	6.49	5.55	4.94	4.85	5.82
Other Long-Term Liabilities	-	-	-	0.04	0.05
Total Liabilities	14.99	12.7	20.66	42.03	35.23

Shareholders' Equity

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	2.92	2.14	1.18	0.19	0.06
Additional Paid-In Capital	100.27	93.1	80.98	46.23	15.38
Retained Earnings	-70.64	-63.98	-58.12	-28.55	-9.98
Comprehensive Income & Other	1.6	0.79	1.19	1.31	1.02
Total Common Equity	34.15	32.05	25.23	19.19	6.49
Minority Interest	-0.05	-0.06	-0.08	-0.06	0.04
Shareholders' Equity	34.11	31.99	25.15	19.13	6.52
Total Liabilities & Equity	49.09	44.69	45.81	61.17	41.75

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	4.22	2.61	6.51	28.16	25.93
Net Cash (Debt)	21.64	19.33	13.73	-21.23	-13.2
Net Cash Growth	11.96%	40.83%	-	-	-
Net Cash Per Share	0.99	1.73	2.10	-17.12	-28.64
Filing Date Shares Outstanding	31.25	21.02	9.95	1.94	0.79
Total Common Shares Outstanding	24.35	17.81	9.83	1.62	0.53
Working Capital	27.67	24.58	17.11	16.05	-0.54
Book Value Per Share	1.40	1.80	2.57	11.86	12.23
Tangible Book Value	33.1	29.34	21.98	10.72	5.99
Tangible Book Value Per Share	1.36	1.65	2.24	6.62	11.30
Machinery	29.32	29.6	32.76	34.88	33.84
Construction In Progress	0.03	0.03	0.11	0.03	0.25
Leasehold Improvements	1.88	2.05	3.07	3.15	3.24

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 1, 2026

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