Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) was Guardforce AI’s largest revenue line in fiscal 2025, bringing in $12.87M of $35.23M (37%).
| Type of service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) | $10.69M | $11.88M | $12.23M | $12.87M | |||
| Atm Management | $8.90M | $7.58M | $6.71M | $6.86M | |||
| Cash-In-Transit - Dedicated Vehicle To Banks (Cit Dv) | $4.07M | $3.81M | $3.64M | $3.88M | |||
| Smart Cash Solution | — | $2.79M | $3.90M | $4.44M | |||
| Cash Processing (Cpc) | $2.79M | $3.27M | $3.66M | $4.50M | |||
| Cash Center Operations (Cct) | $2.21M | $1.82M | $1.76M | $1.77M | |||
| General Security Solutions | $1.79M | — | — | — | |||
| Cash Deposit Management Solutions (Gdm) | $1.77M | — | — | — | |||
| Robotic Ai Solutions | $1.27M | — | — | — | |||
| Consolidated Cash Center (Ccc) | — | $726.60K | $520.01K | $625.26K | |||
| Consolidate Cash Center (Ccc) | $456.72K | — | — | — | |||
| Airobotics Solutions (Exclude Smart Retail Solutions) | — | $757.28K | $198.90K | $239.48K | |||
| Cheque Center Service (Cdc) | $4.56K | — | — | — | |||
| Others | $10.15K | $5.06K | $3.27K | — | |||
| Smart Retail Solutions | — | — | — | $43.21K | |||
| Total | $33.97M | $32.65M | $32.64M | $35.23M |
Guardforce AI brought in $35.23M from its nine revenue lines in fiscal 2025, the year ended December 31, 2025. Guardforce AI regrouped these revenue lines after fiscal 2024, so the total does not compare directly with that year's $32.64M. Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) was the largest at $12.87M (36.5%), ahead of Atm Management at $6.86M (19.5%) and Cash Processing (Cpc) at $4.50M (12.8%). The other six revenue lines brought in $11.01M combined.
Compared with fiscal 2024, Cash Processing (Cpc) grew fastest, up 22.9% to $4.50M. Every revenue line above 2% of revenue grew.
Guardforce AI began breaking out Smart Cash Solution in fiscal 2023, Consolidated Cash Center (Ccc) in fiscal 2023, Airobotics Solutions (Exclude Smart Retail Solutions) in fiscal 2023 and Smart Retail Solutions in fiscal 2025. Guardforce AI stopped reporting General Security Solutions ($1.79M in fiscal 2022), Cash Deposit Management Solutions (Gdm) ($1.77M in fiscal 2022), Robotic Ai Solutions ($1.27M in fiscal 2022) and three others as separate revenue lines.
Secured Logistics Business was Guardforce AI’s largest segment in fiscal 2025, bringing in $34.95M of $35.23M (99%).
| Segments [axis] | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Secured Logistics Business | $31.89M | $32.44M | $34.95M |
| Airobotics Solution Business | $757.28K | $198.90K | $282.69K |
| Total | $32.65M | $32.64M | $35.23M |
Guardforce AI brought in $35.23M from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 8.0% from $32.64M in fiscal 2024. Secured Logistics Business was the largest at $34.95M (99.2%), ahead of Airobotics Solution Business at $282.69K (0.8%).
From fiscal 2023 to 2025, combined revenue from these segments grew from $32.65M to $35.23M, a compound annual growth rate of 3.9%. Secured Logistics Business' share of the total rose from 97.7% to 99.2%.
Thailand was Guardforce AI’s largest region in fiscal 2025, bringing in $35.09M of $35.23M (100%).
| Geography | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Thailand | $31.93M | $32.51M | $35.09M |
| Other Countries | $718.99K | $124.99K | $146.07K |
| Total | $32.65M | $32.64M | $35.23M |
Guardforce AI brought in $35.23M from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 8.0% from $32.64M in fiscal 2024. Thailand was the largest at $35.09M (99.6%), ahead of Other Countries at $146.07K (0.4%).
From fiscal 2023 to 2025, combined revenue from these regions grew from $32.65M to $35.23M, a compound annual growth rate of 3.9%. Thailand's share of the total rose from 97.8% to 99.6%.
Guardforce AI (GFAI) reports its revenue by type of service, by segments [axis] and by geography. In fiscal 2025, Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) was its largest revenue line, bringing in $12.87M (36.5% of the total), followed by Atm Management at $6.86M (19.5%).
Cash-In-Transit – Non-Dedicated Vehicles (Cit Non-Dv) was Guardforce AI's largest revenue line in fiscal 2025, bringing in $12.87M, or 36.5% of the $35.23M total across its nine revenue lines.
Secured Logistics Business was Guardforce AI's largest segment in fiscal 2025, bringing in $34.95M, or 99.2% of the $35.23M total across its two segments.
Thailand was Guardforce AI's largest region in fiscal 2025, bringing in $35.09M, or 99.6% of the $35.23M total across its two regions.
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.