TruGolf Holdings, Inc.TRUGEarnings & Financial Report
TruGolf Holdings, Inc. is a leading provider of premium golf simulation systems and immersive golf entertainment solutions. Its offerings include indoor golf simulators with precision motion tracking, extensive virtual course libraries, and interactive training tools, serving residential consumers, commercial golf facilities, and entertainment venues across North America, Europe and Asia-Pacific.
Revenue
$5.0M
Gross Profit
$3.1M
Operating Profit
$-943.7K
Net Profit
$-1.3M
Gross Margin
60.9%
Operating Margin
-18.8%
Net Margin
-26.0%
YoY Growth
N/A
EPS
$-0.22
TruGolf Holdings, Inc. Q1 FY2024 Financial Summary
TruGolf Holdings, Inc. reported revenue of $5.0M for Q1 FY2024, with a net profit of $-1.3M (down 98.0% YoY) (-26.0% margin). Cost of goods sold was $2.0M, operating expenses totaled $4.0M.
Key Financial Metrics
| Total Revenue | $5.0M |
|---|---|
| Net Profit | $-1.3M |
| Gross Margin | 60.9% |
| Operating Margin | -18.8% |
| Report Period | Q1 FY2024 |
TruGolf Holdings, Inc. Annual Revenue by Year
TruGolf Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $18.9M).
| Year | Annual Revenue |
|---|---|
| 2025 | $18.9M |
| 2024 | $21.3M |
TruGolf Holdings, Inc. Quarterly Revenue & Net Profit History
TruGolf Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $5.1M | -17.7% | $-2.0M | -38.6% |
| Q3 FY2025 | $4.1M | -34.2% | $-7.3M | -177.3% |
| Q2 FY2025 | $4.3M | +11.3% | $-3.3M | -77.0% |
| Q1 FY2025 | $5.4M | +7.5% | $-2.7M | -49.5% |
| Q4 FY2024 | $6.2M | — | $-5.9M | -95.2% |
| Q3 FY2024 | $6.2M | +81.7% | $-60.2K | -1.0% |
| Q2 FY2024 | $3.9M | -26.6% | $-1.6M | -40.5% |
| Q1 FY2024 | $5.0M | — | $-1.3M | -26.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0M | $3.9M | $6.2M | $6.2M | $5.4M | $4.3M | $4.1M | $5.1M |
| YoY Growth | N/A | -26.6% | 81.7% | N/A | 7.5% | 11.3% | -34.2% | -17.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $15.5M | $14.1M | $17.0M | $17.1M | $20.7M | $24.4M | $23.0M | $20.2M |
| Liabilities | $24.6M | $24.6M | $27.3M | $21.8M | $25.3M | $20.0M | $16.7M | $15.9M |
| Equity | $-9.1M | $-10.5M | $-10.9M | $-4.6M | $-4.6M | $4.3M | $6.3M | $4.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $2.7M | $-52642 | $455806 | $-7.1M | $-449119 | $-905427 | $-623865 | $280030 |