Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) was Guardforce AI’s largest revenue line in fiscal 2025, bringing in $25.74M of $70.47M (37%).
| Type of service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2025 |
|---|---|---|---|---|---|
| Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) | $21.39M | $25.74M | |||
| Atm Management | $17.80M | $13.72M | |||
| Cash-In-Transit - Dedicated Vehicle To Banks (Cit Dv) | $8.15M | $7.77M | |||
| Smart Cash Solution | — | $8.88M | |||
| Cash Processing (Cpc) | $5.58M | $9.00M | |||
| Cash Center Operations (Cct) | $4.42M | $3.54M | |||
| General Security Solutions | $3.57M | — | |||
| Cash Deposit Management Solutions (Gdm) | $3.54M | — | |||
| Robotic Ai Solutions | $2.54M | — | |||
| Consolidated Cash Center (Ccc) | — | $1.25M | |||
| Consolidate Cash Center (Ccc) | $913.44K | — | |||
| Airobotics Solutions (Exclude Smart Retail Solutions) | — | $478.95K | |||
| Cheque Center Service (Cdc) | $9.12K | — | |||
| Others | $20.30K | — | |||
| Smart Retail Solutions | — | $86.42K | |||
| Total | $67.93M | $70.47M |
Guardforce AI brought in $70.47M from its nine revenue lines in fiscal 2025, the year ended December 31, 2025. Guardforce AI regrouped these revenue lines after fiscal 2022, so the total does not compare directly with that year's $67.93M. Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) was the largest at $25.74M (36.5%), ahead of Atm Management at $13.72M (19.5%) and Cash Processing (Cpc) at $9.00M (12.8%). The other six revenue lines brought in $22.01M combined.
Compared with fiscal 2022, the previous year with figures, Cash Processing (Cpc) grew fastest, up 61.3% to $9.00M, while Atm Management fell the most, down 22.9% to $13.72M.
Guardforce AI began breaking out Smart Cash Solution in fiscal 2025, Consolidated Cash Center (Ccc) in fiscal 2025, Airobotics Solutions (Exclude Smart Retail Solutions) in fiscal 2025 and Smart Retail Solutions in fiscal 2025. Guardforce AI stopped reporting General Security Solutions ($3.57M in fiscal 2022), Cash Deposit Management Solutions (Gdm) ($3.54M in fiscal 2022), Robotic Ai Solutions ($2.54M in fiscal 2022) and three others as separate revenue lines.
Revenue was Guardforce AI’s largest revenue line in fiscal 2025, bringing in $55.00M of $56.59M (97%).
| Major customers [axis] | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue | $59.14M | $50.72M | $47.61M | $55.00M |
| Trade Receivables | — | — | $9.74M | $1.59M |
| Total | $59.14M | $50.72M | $57.35M | $56.59M |
Guardforce AI brought in $56.59M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $70.47M it reports by type of service, so these revenue lines do not cover all of its revenue. Revenue was the largest at $55.00M (97.2%), ahead of Trade Receivables at $1.59M (2.8%).
Compared with fiscal 2024, Revenue grew 15.5% to $55.00M, while Trade Receivables fell 83.6% to $1.59M.
Guardforce AI began breaking out Trade Receivables in fiscal 2024, when it brought in $9.74M.
Secured Logistics Business was Guardforce AI’s largest segment in fiscal 2025, bringing in $69.90M of $70.47M (99%).
| Segments [axis] | FY 2025 |
|---|---|
| Secured Logistics Business | $69.90M |
| Airobotics Solution Business | $565.37K |
| Total | $70.47M |
Guardforce AI brought in $70.47M from its two segments in fiscal 2025, the year ended December 31, 2025. Secured Logistics Business was the largest at $69.90M (99.2%), ahead of Airobotics Solution Business at $565.37K (0.8%).
Guardforce AI (GFAI) reports its revenue by type of service, by major customers [axis] and by segments [axis]. In fiscal 2025, Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) was its largest revenue line, bringing in $25.74M (36.5% of the total), followed by Atm Management at $13.72M (19.5%).
Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) was Guardforce AI's largest revenue line in fiscal 2025, bringing in $25.74M, or 36.5% of the $70.47M total across its nine revenue lines.
Secured Logistics Business was Guardforce AI's largest segment in fiscal 2025, bringing in $69.90M, or 99.2% of the $70.47M total across its two segments.
Revenue grew faster than Trade Receivables in fiscal 2025, up 15.5% from $47.61M to $55.00M. Trade Receivables fell 83.6% to $1.59M.
Every figure comes from Guardforce AI's annual financial filings, as reported. Each line keeps the name Guardforce AI gives it, and years follow its fiscal calendar.
Guardforce AI's revenue by type of service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.