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Side-by-side financial comparison of Nano Labs Ltd (NA) and TruGolf Holdings, Inc. (TRUG). Click either name above to swap in a different company.

TruGolf Holdings, Inc. is the larger business by last-quarter revenue ($5.1M vs $2.7M, roughly 1.9× Nano Labs Ltd). Nano Labs Ltd runs the higher net margin — 754.5% vs -38.6%, a 793.0% gap on every dollar of revenue. TruGolf Holdings, Inc. produced more free cash flow last quarter ($172.6K vs $-8.4M).

Weebit Nano is a public semiconductor IP company founded in Israel in 2015 and headquartered in Hod HaSharon, Israel. The company develops Resistive Random-Access Memory technologies. Resistive Random-Access Memory is a specialized form of non-volatile memory (NVM) for the semiconductor industry. The company's products are targeted at a broad range of NVM markets where persistence, performance, and endurance are all required. ReRAM technology can be integrated in electronic devices like weara...

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.

NA vs TRUG — Head-to-Head

Bigger by revenue
TRUG
TRUG
1.9× larger
TRUG
$5.1M
$2.7M
NA
Higher net margin
NA
NA
793.0% more per $
NA
754.5%
-38.6%
TRUG
More free cash flow
TRUG
TRUG
$8.6M more FCF
TRUG
$172.6K
$-8.4M
NA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NA
NA
TRUG
TRUG
Revenue
$2.7M
$5.1M
Net Profit
$20.3M
$-2.0M
Gross Margin
21.6%
Operating Margin
-37.2%
Net Margin
754.5%
-38.6%
Revenue YoY
-17.7%
Net Profit YoY
66.6%
EPS (diluted)
$1.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NA
NA
TRUG
TRUG
Q4 25
$2.7M
$5.1M
Q3 25
$4.1M
Q2 25
$1.2M
$4.3M
Q1 25
$5.4M
Q4 24
$6.2M
Q3 24
$6.2M
Q2 24
$3.5M
$3.9M
Q1 24
$5.0M
Net Profit
NA
NA
TRUG
TRUG
Q4 25
$20.3M
$-2.0M
Q3 25
$-7.3M
Q2 25
$-985.5K
$-3.3M
Q1 25
$-2.7M
Q4 24
$-5.9M
Q3 24
$-60.2K
Q2 24
$-8.0M
$-1.6M
Q1 24
$-1.3M
Gross Margin
NA
NA
TRUG
TRUG
Q4 25
21.6%
Q3 25
69.3%
Q2 25
44.4%
Q1 25
68.0%
Q4 24
64.0%
Q3 24
69.1%
Q2 24
0.1%
66.4%
Q1 24
60.9%
Operating Margin
NA
NA
TRUG
TRUG
Q4 25
-37.2%
Q3 25
-27.1%
Q2 25
-459.2%
-43.4%
Q1 25
-22.9%
Q4 24
-20.2%
Q3 24
14.0%
Q2 24
-237.2%
-20.3%
Q1 24
-18.8%
Net Margin
NA
NA
TRUG
TRUG
Q4 25
754.5%
-38.6%
Q3 25
-177.3%
Q2 25
-85.2%
-77.0%
Q1 25
-49.5%
Q4 24
-95.2%
Q3 24
-1.0%
Q2 24
-231.3%
-40.5%
Q1 24
-26.0%
EPS (diluted)
NA
NA
TRUG
TRUG
Q4 25
$1.03
Q3 25
$-4.87
Q2 25
$-0.06
Q1 25
Q4 24
$-377.64
Q3 24
$0.00
Q2 24
$-0.12
$-0.12
Q1 24
$-0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NA
NA
TRUG
TRUG
Cash + ST InvestmentsLiquidity on hand
$4.9M
$10.5M
Total DebtLower is stronger
$24.5M
$2.8M
Stockholders' EquityBook value
$106.5M
$4.3M
Total Assets
$159.3M
$20.2M
Debt / EquityLower = less leverage
0.23×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NA
NA
TRUG
TRUG
Q4 25
$4.9M
$10.5M
Q3 25
$11.4M
Q2 25
$50.8M
$8.1M
Q1 25
$10.5M
Q4 24
$8.8M
Q3 24
$7.5M
Q2 24
$3.3M
$6.7M
Q1 24
$7.8M
Total Debt
NA
NA
TRUG
TRUG
Q4 25
$24.5M
$2.8M
Q3 25
$3.2M
Q2 25
$24.8M
$3.3M
Q1 25
$3.6M
Q4 24
$3.6M
Q3 24
$2.8M
Q2 24
$22.5M
$1.8M
Q1 24
$1.8M
Stockholders' Equity
NA
NA
TRUG
TRUG
Q4 25
$106.5M
$4.3M
Q3 25
$6.3M
Q2 25
$86.8M
$4.3M
Q1 25
$-4.6M
Q4 24
$-4.6M
Q3 24
$-10.9M
Q2 24
$-5.1M
$-10.5M
Q1 24
$-9.1M
Total Assets
NA
NA
TRUG
TRUG
Q4 25
$159.3M
$20.2M
Q3 25
$23.0M
Q2 25
$206.4M
$24.4M
Q1 25
$20.7M
Q4 24
$17.1M
Q3 24
$17.0M
Q2 24
$51.2M
$14.1M
Q1 24
$15.5M
Debt / Equity
NA
NA
TRUG
TRUG
Q4 25
0.23×
0.66×
Q3 25
0.51×
Q2 25
0.29×
0.76×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NA
NA
TRUG
TRUG
Operating Cash FlowLast quarter
$-8.3M
$280.0K
Free Cash FlowOCF − Capex
$-8.4M
$172.6K
FCF MarginFCF / Revenue
-312.3%
3.4%
Capex IntensityCapex / Revenue
2.9%
2.1%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NA
NA
TRUG
TRUG
Q4 25
$-8.3M
$280.0K
Q3 25
$-623.9K
Q2 25
$-7.1M
$-905.4K
Q1 25
$-449.1K
Q4 24
$-7.1M
Q3 24
$455.8K
Q2 24
$-10.8M
$-52.6K
Q1 24
$2.7M
Free Cash Flow
NA
NA
TRUG
TRUG
Q4 25
$-8.4M
$172.6K
Q3 25
$-675.9K
Q2 25
$-7.2M
$-923.6K
Q1 25
$-513.3K
Q4 24
Q3 24
Q2 24
$-15.4M
Q1 24
$2.3M
FCF Margin
NA
NA
TRUG
TRUG
Q4 25
-312.3%
3.4%
Q3 25
-16.5%
Q2 25
-620.3%
-21.4%
Q1 25
-9.5%
Q4 24
Q3 24
Q2 24
-443.4%
Q1 24
46.6%
Capex Intensity
NA
NA
TRUG
TRUG
Q4 25
2.9%
2.1%
Q3 25
1.3%
Q2 25
7.2%
0.4%
Q1 25
1.2%
Q4 24
Q3 24
Q2 24
133.1%
Q1 24
6.6%
Cash Conversion
NA
NA
TRUG
TRUG
Q4 25
-0.41×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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