NASDAQ : TRUG
TruGolf Holdings, Inc. — Financial statements
Consumer Discretionary · Leisure · United States
Last price 0.769 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 161.77K
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
TruGolf Holdings, Inc. (TRUG) reported revenue of 19.99M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 19.99M | 18.88M | 21.28M | 20.58M | 20.23M | 21.25M |
| Cost of Revenue | 9.53M | 9.36M | 7.40M | 8.54M | 7.57M | 5.78M |
| Gross Profit | 10.46M | 9.52M | 13.88M | 12.05M | 12.66M | 15.47M |
| Selling, General & Admin | 14.97M | 15.62M | 15.98M | 20.71M | 11.93M | 9.16M |
| Operating Expenses | 14.97M | 15.62M | 15.98M | 20.71M | 11.93M | 9.16M |
| Operating Income | -4.51M | -6.10M | -2.10M | -8.66M | 732.38K | 6.31M |
| Interest Expense | -719.98K | -3.26M | -6.93M | -1.73M | -1.59M | -854.53K |
| Interest & Investment Income | 246.62K | 265.71K | 106.40K | 108.01K | ||
| Other Non Operating Income (Expenses) | -7.99K | 600.00 | ||||
| EBT Excluding Unusual Items | -5.00M | -9.09M | -8.93M | -10.28M | -856.84K | 5.45M |
| Gain (Loss) on Sale of Investments | 404.35K | -100.00K | ||||
| Other Unusual Items | -6.14M | -6.14M | -270.59K | 735.70K | ||
| Pretax Income | -11.13M | -15.23M | -8.80M | -10.28M | -956.84K | 6.19M |
| Earnings From Continuing Operations | -15.23M | -8.80M | -10.28M | -956.84K | 6.19M | |
| Net Income | -11.13M | -15.23M | -8.80M | -10.28M | -956.84K | 6.19M |
| Net Income to Common | -11.13M | -15.23M | -8.80M | -10.28M | -956.84K | 6.19M |
| Shares Outstanding (Basic) | 40.85K | 29.63K | 8.41M | 6.62M | ||
| Shares Outstanding (Diluted) | 40.85K | 29.63K | 8.41M | 6.62M | ||
| EPS (Basic) | -272.50 | -513.92 | -1.22 | -0.14 | ||
| EPS (Diluted) | -272.50 | -513.92 | -1.22 | -0.14 | ||
| Free Cash Flow | -2.08M | -1.90M | -4.03M | -6.26M | 750.45K | 4.50M |
| Free Cash Flow Per Share | -50.92 | -64.25 | -0.74 | 0.11 | ||
| Gross Margin | 52.31% | 50.42% | 65.22% | 58.53% | 62.58% | 72.80% |
| Operating Margin | -22.58% | -32.32% | -9.88% | -42.07% | 3.62% | 29.70% |
| Profit Margin | -55.68% | -80.66% | -41.33% | -49.96% | -4.73% | 29.14% |
| Free Cash Flow Margin | -10.40% | -10.08% | -18.95% | -30.41% | 3.71% | 21.16% |
| EBITDA | -3.75M | -4.97M | -1.80M | -8.60M | 793.05K | 6.38M |
| EBITDA Margin | -18.75% | -26.33% | -8.46% | -41.79% | 3.92% | 30.03% |
| D&A For EBITDA | 766.01K | 1.13M | 301.44K | 58.64K | 60.67K | 70.00K |
| EBIT | -4.51M | -6.10M | -2.10M | -8.66M | 732.38K | 6.31M |
| EBIT Margin | -22.58% | -32.32% | -9.88% | -42.07% | 3.62% | 29.70% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.37M | 10.47M | 8.78M | 3.30M | 9.66M | 10.71M |
| Short-Term Investments | 2.48M | |||||
| Cash & Short-Term Investments | 6.37M | 10.47M | 8.78M | 5.78M | 9.66M | 10.71M |
| Accounts Receivable | 1.27M | 1.06M | 1.40M | 2.23M | 1.61M | 1.38M |
| Other Receivables | 167.38K | 130.92K | 124.50K | |||
| Receivables | 1.27M | 1.06M | 1.40M | 2.40M | 1.74M | 1.50M |
| Inventory | 1.39M | 863.26K | 2.35M | 2.12M | 2.12M | 1.86M |
| Prepaid Expenses | 1.06M | 985.08K | 116.62K | 262.13K | 147.75K | 358.08K |
| Restricted Cash | 2.10M | 2.10M | 2.10M | 2.10M | ||
| Other Current Assets | 45.74K | 17.84K | 117.70K | |||
| Total Current Assets | 12.19M | 15.48M | 14.79M | 12.66M | 13.69M | 14.54M |
| Property, Plant & Equipment | 901.91K | 1.04M | 778.12K | 1.21M | 898.41K | 347.03K |
| Other Intangible Assets | 4.88M | 3.63M | 1.54M | |||
| Other Long-Term Assets | 31.02K | 31.02K | 31.02K | 1.91M | ||
| Total Assets | 18.00M | 20.18M | 17.14M | 15.77M | 14.59M | 14.89M |
| Accounts Payable | 3.25M | 2.77M | 2.82M | 2.06M | 1.46M | 677.25K |
| Accrued Expenses | 2.50M | 1.53M | 1.51M | 1.20M | 411.66K | 71.26K |
| Short-Term Debt | 802.74K | 802.74K | 802.74K | 3.74M | 1.12M | 545.62K |
| Current Portion of Long-Term Debt | 2.39M | 2.55M | 2.95M | 1.25M | 1.04M | 912.57K |
| Current Portion of Leases | 293.13K | 502.53K | 363.10K | 334.25K | 224.16K | 151.39K |
| Current Unearned Revenue | 5.18M | 5.56M | 3.11M | 1.70M | 2.71M | 2.59M |
| Other Current Liabilities | 118.36K | 692.74K | 4.22M | 380.99K | 431.57K | 470.90K |
| Total Current Liabilities | 14.53M | 14.40M | 15.78M | 10.67M | 7.41M | 5.42M |
| Long-Term Debt | 268.50K | 287.00K | 4.70M | 3.26M | 1.44M | 1.98M |
| Long-Term Leases | 136.36K | 191.94K | 305.12K | 668.23K | 510.18K | 14.90K |
| Other Long-Term Liabilities | 1.00M | 1,000.00K | 1.00M | 5.09M | 8.66M | 10.63M |
| Total Liabilities | 15.94M | 15.88M | 21.78M | 19.69M | 18.02M | 18.04M |
| Common Stock | 158.00 | 43.00 | 5.00 | 120.00 | 100.00 | 100.00 |
| Additional Paid-In Capital | 52.69M | 47.41M | 18.55M | 10.48M | 681.96K | |
| Retained Earnings | -48.25M | -41.08M | -21.16M | -12.36M | -2.08M | -1.12M |
| Treasury Stock | -2.38M | -2.04M | -2.04M | -2.04M | -2.04M | -2.04M |
| Comprehensive Income & Other | 1.00 | -1.66K | ||||
| Total Common Equity | 2.06M | 4.30M | -4.64M | -3.92M | -3.43M | -3.16M |
| Shareholders' Equity | 2.06M | 4.30M | -4.64M | -3.92M | -3.43M | -3.16M |
| Total Liabilities & Equity | 18.00M | 20.18M | 17.14M | 15.77M | 14.59M | 14.89M |
| Total Debt | 3.89M | 4.33M | 9.12M | 9.25M | 4.34M | 3.60M |
| Net Cash (Debt) | 2.48M | 6.14M | -338.57K | -3.47M | 5.32M | 7.11M |
| Net Cash Per Share | 60.76 | 207.16 | -0.41 | 0.80 | ||
| Filing Date Shares Outstanding | 210.37K | 159.48K | 9.41K | 8.41M | 6.62M | |
| Total Common Shares Outstanding | 176.95K | 62.29K | 8.66K | 8.41M | 6.62M | |
| Working Capital | -2.35M | 1.08M | -982.24K | 1.99M | 6.28M | 9.12M |
| Book Value Per Share | 11.64 | 69.04 | -536.07 | -0.47 | -0.52 | |
| Tangible Book Value | -2.82M | 666.72K | -6.18M | -3.92M | -3.43M | -3.16M |
| Tangible Book Value Per Share | -15.92 | 10.70 | -713.98 | -0.47 | -0.52 | |
| Machinery | 429.73K | 306.30K | 306.30K | 293.36K | 293.36K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -11.13M | -15.23M | -8.80M | -10.28M | -956.84K | 6.19M |
| Depreciation & Amortization | 1.66M | 1.50M | 639.84K | 356.85K | 226.20K | 187.44K |
| Other Amortization | 322.67K | 359.04K | 728.28K | 97.11K | 240.05K | |
| Loss (Gain) From Sale of Investments | 100.00K | |||||
| Stock-Based Compensation | -6.68K | 119.96K | 5.87M | |||
| Provision & Write-off of Bad Debts | 7.32K | 82.14K | 826.21K | 681.48K | 568.66K | |
| Other Operating Activities | 6.15M | 8.32M | 1.37M | 93.53K | 445.03K | -735.70K |
| Change in Accounts Receivable | 913.56K | 256.31K | 173.51K | -1.34M | -244.35K | -1.48M |
| Change in Inventory | 1.31M | 1.49M | -230.26K | 2.40K | -265.62K | -1.26M |
| Change in Accounts Payable | 39.37K | -52.32K | 444.96K | 596.43K | 786.08K | 103.01K |
| Change in Unearned Revenue | 171.66K | 2.45M | 1.41M | -1.01M | 118.17K | 1.01M |
| Change in Other Net Operating Assets | -1.17M | -870.17K | -680.55K | -1.21M | 343.15K | -72.81K |
| Operating Cash Flow | -1.74M | -1.70M | -4.00M | -6.13M | 791.88K | 4.52M |
| Capital Expenditures | -335.61K | -205.44K | -36.34K | -127.41K | -41.43K | -23.00K |
| Sale (Purchase) of Intangibles | -3.66M | -3.23M | -1.70M | |||
| Investment in Securities | 2.48M | -2.49M | ||||
| Investing Cash Flow | -4.00M | -3.44M | 741.14K | -2.62M | -41.43K | -23.00K |
| Short-Term Debt Issued | 2.17M | 575.36K | ||||
| Long-Term Debt Issued | 2.52M | 11.10M | 2.43M | 500.00K | ||
| Total Debt Issued | 2.52M | 11.10M | 4.60M | 575.36K | 500.00K | |
| Short-Term Debt Repaid | -2.08M | -500.00K | ||||
| Long-Term Debt Repaid | -697.00K | -544.15K | -144.57K | -412.51K | -332.47K | |
| Total Debt Repaid | -597.30K | -697.00K | -2.63M | -144.57K | -412.51K | -832.47K |
| Net Debt Issued (Repaid) | -597.30K | 1.82M | 8.47M | 4.45M | 162.85K | -332.47K |
| Issuance of Common Stock | 5.00M | 5.00M | 2.11M | |||
| Repurchase of Common Stock | -345.00K | -65.00K | ||||
| Common Dividends Paid | -1.97M | -412.98K | ||||
| Other Financing Activities | -1.84M | 40.15K | ||||
| Financing Cash Flow | 4.06M | 6.82M | 8.74M | 4.50M | -1.80M | -810.45K |
| Net Cash Flow | -1.69M | 1.69M | 5.48M | -4.26M | -1.05M | 3.68M |
| Free Cash Flow | -2.08M | -1.90M | -4.03M | -6.26M | 750.45K | 4.50M |
| Free Cash Flow Margin | -10.40% | -10.08% | -18.95% | -30.41% | 3.71% | 21.16% |
| Free Cash Flow Per Share | -50.92 | -64.25 | -0.74 | 0.11 | ||
| Levered Free Cash Flow | 2.14M | -7.53M | 1.29M | -2.81M | 894.84K | |
| Unlevered Free Cash Flow | 2.59M | -5.86M | 4.89M | -1.83M | 1.65M | |
| Cash Interest Paid | 57.47K | 108.99K | 923.98K | 1.12M | 602.25K | 656.15K |
| Change in Working Capital | 1.26M | 3.27M | 1.12M | -2.95M | 737.44K | -1.69M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 155.55K | 3.18M | 24.63M | 433.21B | ||
| Enterprise Value | -2.33M | -3.89M | 28.22M | 433.21B | ||
| Last Close Price | 0.73 | 72.50 | 3,357.00 | 58,250.00 | 53,100.00 | 49,100.00 |
| PS Ratio | 0.01 | 0.17 | 1.16 | 21,045.88 | ||
| PB Ratio | 0.06 | 0.74 | -5.31 | -110,575.63 | ||
| P/TBV Ratio | 4.77 | |||||
| EV/Sales Ratio | 1.33 | 21,045.96 | ||||
| Debt / Equity Ratio | 1.89 | 1.01 | -1.97 | -2.36 | -1.26 | -1.14 |
| Debt / EBITDA Ratio | 5.47 | 0.56 | ||||
| Debt / FCF Ratio | 5.78 | 0.80 | ||||
| Net Debt / Equity Ratio | -1.21 | -1.43 | -0.07 | -0.89 | 1.55 | 2.25 |
| Net Debt / EBITDA Ratio | 0.66 | 1.24 | -0.19 | -0.40 | -6.71 | -1.11 |
| Net Debt / FCF Ratio | 1.19 | 3.22 | -0.08 | -0.56 | -7.09 | -1.58 |
| Asset Turnover | 0.94 | 1.01 | 1.29 | 1.36 | 1.37 | |
| Inventory Turnover | 4.66 | 5.83 | 3.31 | 4.03 | 3.81 | |
| Quick Ratio | 0.53 | 0.80 | 0.65 | 0.77 | 1.54 | 2.25 |
| Current Ratio | 0.84 | 1.07 | 0.94 | 1.19 | 1.85 | 2.68 |
| Return on Assets (ROA) | -13.32% | -20.44% | -7.99% | -35.66% | 3.11% | |
| Return on Capital Employed (ROCE) | -130.30% | -105.60% | -153.80% | -169.80% | 10.20% | 66.70% |
| Earnings Yield | -36,854.61% | -478.84% | -35.71% | -0.00% | ||
| FCF Yield | -1,354.52% | -59.87% | -16.37% | -0.00% | ||
| Payout Ratio | 6.67% | |||||
| Buyback Yield / Dilution | -23.43% | -27.06% |