GFAI Guardforce AI Co., Limited - Ordinary Shares
NASDAQ · Commercial Services & Supplies · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Apr 21, 2026
$0.31
· of 52w range
· above low
· to high
$0.3152w low
$1.2352w high
P/E
-1.9
EPS
$-0.30
Revenue
$35M
your badges
52W Range
$0–$1
Analyst Rating
BUY
Price Target
·
P/E
-1.9
ROE
-20.1%
Net Profit Margin
-18.9%
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GFAI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.31
P/E
-1.9
EPS
$-0.30
Revenue
$35M
ROE
-20.1%
52W Range
$0–$1
GFAI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Feb. 10, 2023 | 1-for-40 | Reverse |
| Sept. 29, 2021 | 1-for-3 | Reverse |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$35M2019-12-31 → 2025-12-31
EPS$-0.302021-12-31 → 2025-12-31
Free Cash Flow$-2M2020-12-31 → 2025-12-31
Net margin-18.9%2020-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | GFAI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -1.95Y avg ≈-1.9 | ≈-1.9 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | GFAI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 15.0%5Y avg ≈14.2% | ≈14.2% | · | · | |
| Operating Margin | -16.7%5Y avg ≈-35.1% | ≈-35.1% | · | · | |
| EBITDA Margin | -14.4%5Y avg ≈-30.3% | ≈-30.3% | · | · | |
| Pretax Margin | -15.0%5Y avg ≈-36.7% | ≈-36.7% | · | · | |
| Net Profit Margin | -18.9%5Y avg ≈-37.2% | ≈-37.2% | · | · | |
| ROA | -14.2%5Y avg ≈-26.5% | ≈-26.5% | · | · | |
| ROE | -20.1%5Y avg ≈-115.1% | ≈-115.1% | · | · | |
| ROIC | -17.2%5Y avg ≈-59.0% | ≈-59.0% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | GFAI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 5.35Y avg ≈3.1 | ≈3.1 | · | · | |
| Quick Ratio | 4.65Y avg ≈1.5 | ≈1.5 | · | · | |
| Interest Coverage | -32.15Y avg ≈-112.4 | ≈-112.4 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | GFAI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.85Y avg ≈0.8 | ≈0.8 | · | · | |
| Inventory Turnover | 202.15Y avg ≈96.7 | ≈96.7 | · | · | |
| Receivables Turnover | 6.55Y avg ≈7.2 | ≈7.2 | · | · | |
| Revenue / Employee | ≈$21.3K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35M | $33M | $33M | $34M | $35M | $38M | $39M | |
| Cost of Revenue | $30M | $28M | $29M | $30M | $31M | · | · | |
| Gross Profit | $5M | $5M | $4M | $4M | $4M | $6M | $5M | |
| R&D Expense | $837.7K | $388.9K | · | $99.9K | · | · | · | |
| SG&A Expense | $9M | $9M | $12M | $14M | · | · | · | |
| Operating Income | $-6M | $-7M | $-28M | $-17M | $-4M | $-2M | $-111.0K | |
| Interest Expense | $183.3K | $144.5K | $402.8K | $89.5K | $109.8K | $146.3K | $100.7K | |
| Interest Income | $653.7K | $500.0K | $327.6K | · | · | · | $8.7K | |
| Pretax Income | $-5M | $-6M | $-28M | $-18M | $-6M | $-3M | $148.6K | |
| Income Tax | $-6.4K | $-125.9K | $434.3K | $132.2K | $-732.9K | $242.8K | $88.5K | |
| Net Income | $-7M | $-6M | $-30M | $-19M | $-5M | $-3M | $54.0K | |
| EPS (Basic) | $-0.30 | $-0.53 | $-4.53 | $-14.97 | $-11.90 | $-7.26 | $0.00 | |
| EPS (Diluted) | $-0.30 | $-0.53 | $-4.53 | $-14.97 | $-11.90 | · | · | |
| Shares (Basic) | 21,921,204 | 11,161,053 | 6,531,918 | 1,239,852 | 460,719 | 430,381 | 16,666,663 | |
| Shares (Diluted) | 21,921,204 | 11,161,053 | 6,531,918 | 1,239,852 | 460,719 | · | · | |
| EBITDA | $-5M | $-6M | $-27M | $-14M | $-2M | $-2M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $25M | $22M | $2M | $2M | $13M | $8M | $6M | |
| Receivables | $5M | $6M | $6M | $5M | $5M | $5M | · | |
| Inventory | $21.5K | $274.9K | $506.4K | $5M | $1M | $495.1K | · | |
| Current Assets | $34M | $31M | $31M | $35M | $22M | $17M | $13M | |
| PP&E (Net) | $3M | $3M | $4M | $8M | $10M | $8M | · | |
| Goodwill | · | $411.9K | $411.9K | $3M | $329.5K | · | · | |
| Intangibles | $1M | $2M | $3M | $6M | $164.3K | $223.4K | $253.5K | |
| Total Assets | $49M | $45M | $46M | $61M | $42M | $36M | $39M | |
| Accounts Payable | $3M | $5M | $6M | $3M | $1M | $2M | $1M | |
| Short-term Debt | · | · | · | · | · | $495.0K | $2M | |
| Current Liabilities | $6M | $6M | $14M | $19M | $22M | $8M | $27M | |
| Total Liabilities | $15M | $13M | $21M | $42M | $35M | $38M | $38M | |
| Total Debt | · | · | · | · | · | $495.0K | · | |
| Retained Earnings | $-71M | $-64M | $-58M | $-29M | $-10M | $-5M | · | |
| Stockholders' Equity | $34M | $32M | $25M | $19M | $7M | $-2M | $1M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $790.4K | $807.1K | $2M | $3M | $1M | $167.4K | $153.3K | |
| Other Non-cash | $5M | $2M | $26M | $-4M | $5M | $2M | · | |
| Operating Cash Flow | $-1M | $-3M | $-2M | $-17M | $979.2K | $5M | $5M | |
| CapEx | $345.1K | $237.4K | $2M | $4M | $5M | $1M | $433.5K | |
| Investing Cash Flow | $231.6K | $200.4K | $-2M | $-9M | $-5M | $-1M | $-451.5K | |
| Financing Cash Flow | $3M | $5M | $17M | $21M | $11M | $-1M | $-2M | |
| Free Cash Flow | $-2M | $-4M | $-3M | $-24M | $-4M | $4M | · | |
| Levered FCF | $-2M | $-4M | $-3M | $-24M | $-4M | $3M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.0% | 17.2% | 14.9% | 12.3% | 11.6% | 16.7% | · | |
| Operating Margin | -16.7% | -18.5% | -80.8% | -49.0% | -10.5% | -5.6% | · | |
| Net Margin | -18.9% | -16.1% | -81.5% | -53.8% | -15.6% | 8.2% | · | |
| Pretax Margin | -15.0% | -16.5% | -80.5% | -53.8% | -17.7% | -7.7% | · | |
| EBITDA Margin | -14.4% | -16.0% | -74.0% | -40.3% | -7.0% | -5.2% | · | |
| ROA | -14.2% | -13.0% | -55.3% | -36.1% | -14.1% | 8.2% | · | |
| ROE | -20.1% | -20.5% | -133.5% | -144.7% | -256.4% | -653.5% | · | |
| ROIC | -17.2% | -20.5% | -118.2% | -88.9% | -50.4% | 134.1% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.3 | 4.9 | 2.2 | 1.8 | 1.0 | 2.1 | · | |
| Quick Ratio | 4.6 | 0.9 | 0.6 | 0.4 | 0.8 | 1.0 | · | |
| Debt / Equity | · | · | · | · | · | -0.2 | · | |
| Interest Coverage | -32.1 | -51.7 | -255.7 | -188.8 | -33.7 | -14.5 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.8 | 0.7 | 0.7 | 0.9 | 1.0 | · | |
| Inventory Turnover | 202.1 | 77.0 | 11.0 | · | · | · | · | |
| Receivables Turnover | 6.5 | 6.3 | 6.6 | 9.8 | 6.8 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $1.61 | $3.26 | $5.55 | · | · | · | · | |
| Cash Flow / Share | $-0.06 | $-0.30 | $-0.18 | · | · | · | · | |
| EPS (TTM) | $-0.30 | $-0.53 | $-4.53 | $-14.97 | $-11.90 | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $35M | $33M | $33M | $34M | $35M | $38M | · | |
| Net Income TTM | $-7M | $-6M | $-30M | $-19M | $-5M | $-3M | · | |
| P/E | -1.9 | -2.7 | -0.7 | -0.3 | -3.6 | · | · | |
| Earnings Yield | -53.9% | -37.1% | -136.5% | -294.7% | -27.6% | · | · |
Per Share
| Metric | Trend | Q4 2021 |
|---|---|---|
| EPS (TTM) | $-11.90 |
Valuation (TTM)
| Metric | Trend | Q4 2021 |
|---|---|---|
| Revenue TTM | $35M | |
| Net Income TTM | $-5M | |
| P/E | -3.6 | |
| Earnings Yield | -27.6% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $35M | $33M | $33M | $34M | $35M |
| Gross Margin % | 15.0% | 17.2% | 14.9% | 12.3% | 11.6% |
| Operating Margin % | -16.7% | -18.5% | -80.8% | -49.0% | -10.5% |
| Net Income | $-7M | $-6M | $-30M | $-19M | $-5M |
| Diluted EPS | $-0.30 | $-0.53 | $-4.53 | $-14.97 | $-11.90 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 5.3 | 4.9 | 2.2 | 1.8 | 1.0 |
| Quick Ratio | 4.6 | 0.9 | 0.6 | 0.4 | 0.8 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-2M | $-4M | $-3M | $-24M | $-4M |
Institutional owners (13F) 17 filers · $563K total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
17
Value held
$563K
New positions
4
Exited positions
4
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 4 (+1 vs prior Q) | 4 (-1 vs prior Q) | 7 (+2 vs prior Q) | 1 (-1 vs prior Q) | +193K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| UBS Group AG | $263,293 | 661,539 | 46.75% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $171,976 | 432,100 | 30.53% | Shares |
| XTX Topco Ltd | $63,530 | 159,622 | 11.28% | Shares |
| JANE STREET GROUP, LLC | $35,002 | 87,946 | 6.21% | Shares |
| StoneX Group Inc. | $9,225 | 19,414 | 1.64% | Shares |
| SBI Securities Co., Ltd. | $6,465 | 16,243 | 1.15% | Shares |
| CITADEL ADVISORS LLC | $5,558 | 13,964 | 0.99% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,304 | 10,815 | 0.76% | Shares |
| WELLS FARGO & COMPANY/MN | $1,831 | 4,600 | 0.33% | Shares |
| MORGAN STANLEY | $796 | 2,000 | 0.14% | Shares |
| SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/ | $796 | 2,000 | 0.14% | Shares |
| Golden State Wealth Management, LLC | $238 | 600 | 0.04% | Shares |
| Tradewinds Capital Management, LLC | $143 | 359 | 0.03% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $58 | 150 | 0.01% | Shares |
| Virtu Financial LLC | $13 | 32,931 | 0.00% | Shares |
| OSAIC HOLDINGS, INC. | $2 | 6 | 0.00% | Shares |
| Abich Financial Wealth Management LLC | $2 | 2 | 0.00% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Lei Wang | June 11, 2025 | 5.07% | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
GFAI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 7 analysts
BUY
2 28.6%
Strong Buy
4 57.1%
Buy
1 14.3%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
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Source: SEC 20-F filed Apr 21, 2026