Guardforce AI Co., Ltd. cash flow statement

In fiscal 2025, Guardforce AI Co., Ltd.'s operations generated −$1.3m of cash; it spent $345,149 on capital projects, leaving free cash flow of −$1.7m.

Cash flow statement

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

Guardforce AI Co., Ltd.: cash flow statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	5	5	1	−17	−2	−3	−1
Depreciation and amortisation	0	0	1	3	2	1	1
Stock-based pay	—	0	—	0	1	2	1
Capital spending	0	1	5	4	2	0	0
Free cash flow	5	4	−4	−22	−4	−4	−2
Free cash flow after stock pay	—	3	—	−22	−5	−5	−3

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

Compare with peers

Head to head: GFAI vs HGBL GFAI vs SUGP GFAI vs THH

More: Diversified Support Services stocks compared, Industrials sector, rankings of US companies

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.