Guardforce AI Co., Ltd. balance sheet

At the end of fiscal 2025, Guardforce AI Co., Ltd. had total assets of $49.1m, total liabilities of $15.0m and shareholders' equity of $34.2m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Guardforce AI Co., Ltd.: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	6	8	13	7	20	22	25
Receivables	—	5	5	5	6	6	5
Inventory	—	0	1	5	1	0	0
Total current assets	13	17	22	35	31	31	34
Goodwill	—	—	0	3	0	0	—
Total assets	39	36	42	61	46	45	49
Total current liabilities	27	8	22	19	14	6	6
Short-term debt	2	0	2	13	1	0	—
Long-term debt	0	1	1	2	0	—	—
Total debt	2	20	17	18	1	0	—
Total liabilities	38	38	35	42	21	13	15
Shareholders' equity	1	−2	6	19	25	32	34
Net debt (negative = net cash)	−4	12	4	11	−20	−22	−25
Shares outstanding	—	—	4m	13m	—	—	18m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Guardforce AI Co., Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Guardforce AI Co., Ltd.