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GFAI · Nasdaq · United States · Services-Detective, Guard & Armored Car Services
In shortGuardforce AI Co., Ltd. is loss-making, burns cash and holds more cash than debt, with revenue stable (+0.2% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -18.5% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -16.1% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -20.5% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -20.5% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.92× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.56 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -9.8% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 1 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 5.3% | 91/100 |
| Operating margin volatility | 31.6% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.6% | 25/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 38 | 35 | 34 | 36 | 36 |
| Cost of revenue | – | 31 | 30 | 31 | 30 |
| Gross profit | 6.3 | 3.6 | 3.8 | 5.4 | 6.3 |
| Research & development | – | – | 0.1 | 0.2 | 0.6 |
| Selling, general & admin | – | – | 14 | 13 | 10 |
| Operating income | (2.1) | (3.8) | (17) | (29) | (6.7) |
| Interest expense | 0.1 | 1 | 1.1 | 0.7 | (0.3) |
| Pre-tax income | (2.9) | (6.3) | (18) | (29) | (6) |
| Income tax | 0.2 | (0.7) | 0.1 | 0.4 | (0.1) |
| Net income | 3.1 | (5.5) | (19) | (30) | (5.9) |
| Diluted EPS | – | −$11.90 | −$14.97 | −$4.53 | −$0.53 |
| Diluted shares (millions) | 0.4 | 0.5 | 1.2 | 6.5 | 11 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
0.56 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Sep 23, 2025