In recent time bryophytes are gaining attention in terms of their unique phytochemistry. They can generate a wide range of bioactive phytochemicals. Though many of the bryophytes have been evaluated for this aspect yet majority of them are unexplored regarding their phytochemistry and bioactive potential. Hence, in present attempt 2 commonly growing species of bryophytes, viz., Plagiochasma appendiculatum (thalloid liverwort) and Sphagnum fimbriatum (moss) were evaluated for their phytochemical profiling using Folin-Ciocalteau and aluminium colorimetric methods. While antioxidant activity of selected species was evaluated by DPPH and NOSA. It was found that these species have higher levels of total phenols and flavonoids and have good antioxidant potential. Further, to check their possible role as antimicrobial agents, the plant extracts were tested against selected fungal and bacterial strains. The results suggested that these 2 bryophyte species have substantial antifungal and antibacterial activities. Based on this study, these plants appear as a good contender to evaluate further for future herbal formulations.