Guardforce AI Co. vs Heritage Global
Heritage Global is the larger business, with $51.0m of revenue in fiscal 2025 against $35.2m for Guardforce AI Co. (1.4 times as much). Heritage Global grew faster (12.4% against 8.0%). Heritage Global kept more of each dollar of sales as profit: a net margin of 7.0% against -18.9%.
| Latest fiscal year | Guardforce AI Co.GFAI, 2025 | Heritage GlobalHGBL, 2025 |
|---|---|---|
| Revenue | $35.2m | $51.0m |
| Revenue growth | 8.0% | 12.4% |
| Net income | −$6.7m | $3.6m |
| Operating margin | -16.7% | 11.2% |
| Net margin | -18.9% | 7.0% |
| Return on equity | -20.1% | 5.4% |
| Free cash flow | −$1.7m | −$2.3m |
| Cash | $24.5m | $20.5m |
| Total debt | — | $4.1m |
| Debt to equity | — | 6.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $2.6m |
| Employees | — | 84 |
| Market value | $3.3m | $44.0m |
| Price vs our value range | — | Within our value range |
| Moat score | — | 66 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 5 buys, 10 sales |