InsiderClue
Stocks · Consumer discretionary · Sporting & Athletic Goods, NEC

TruGolf Holdings, Inc.

TRUG Clue Score23
United States Fiscal year ends December CIK 0001857086
$1.89 -26.17% Close, 9 Oct 2026
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Price $1.89 −83.73% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 2 Dec 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Net income−0.4Fiscal year 2023Net income−0.4Fiscal year 2023Revenue20.6Operating income−8.7Net income−10.3EPS, diluted−857.35Fiscal year 2024Revenue21.3 +3.4%Operating income−2.1Net income−8.8EPS, diluted−377.98Fiscal year 2025Revenue18.9 −11.3%Operating income−6.1Net income−15.2EPS, diluted−51.39
FY2022FY2023FY2023FY2024FY2025
Revenue n/a n/a 20.6 21.3 18.9
Growth +3.4% −11.3%
Operating income n/a n/a −8.7 −2.1 −6.1
Net income −0.4 −0.4 −10.3 −8.8 −15.2
Growth
EPS, diluted n/a n/a −857.35 −377.98 −51.39

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Fiscal year 2023Fiscal year 2023Gross margin62.0%Operating margin−42.1%Net margin−50.0%Free cash flow margin−30.4%Fiscal year 2024Gross margin65.2%Operating margin−9.9%Net margin−41.3%Free cash flow margin−18.9%Fiscal year 2025Gross margin50.4%Operating margin−32.3%Net margin−80.7%Free cash flow margin−10.1%
FY2022FY2023FY2023FY2024FY2025
Gross margin n/a n/a 62.0% 65.2% 50.4%
Operating margin n/a n/a −42.1% −9.9% −32.3%
Net margin n/a n/a −50.0% −41.3% −80.7%
Free cash flow margin n/a n/a −30.4% −18.9% −10.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow−0.7Fiscal year 2023Operating cash flow−1.0Fiscal year 2023Operating cash flow−6.1Capital expenditure−0.1Free cash flow−6.3Fiscal year 2024Operating cash flow−4.0Capital expenditure−0.0Free cash flow−4.0Fiscal year 2025Operating cash flow−1.7Capital expenditure−0.2Free cash flow−1.9
FY2022FY2023FY2023FY2024FY2025
Operating cash flow −0.7 −1.0 −6.1 −4.0 −1.7
Capital expenditure n/a n/a −0.1 −0.0 −0.2
Free cash flow n/a n/a −6.3 −4.0 −1.9
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash0.9Shareholders’ equity−3.8Fiscal year 2023Shareholders’ equity−6.4Fiscal year 2023Cash3.3Total debt2.1Net cash (debt)1.2Shareholders’ equity−3.9Fiscal year 2024Cash8.8Total debt3.6Net cash (debt)5.2Shareholders’ equity−4.6Fiscal year 2025Cash10.5Total debt2.8Net cash (debt)7.6Shareholders’ equity4.3Debt to equity0.66
FY2022FY2023FY2023FY2024FY2025
Cash 0.9 n/a 3.3 8.8 10.5
Total debt n/a n/a 2.1 3.6 2.8
Net cash (debt) n/a n/a 1.2 5.2 7.6
Shareholders’ equity −3.8 −6.4 −3.9 −4.6 4.3
Debt to equity n/a n/a n/a n/a 0.66

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a 62.0% 65.2% 50.4%
n/a n/a −42.1% −9.9% −32.3%
n/a n/a −50.0% −41.3% −80.7%
n/a n/a −30.4% −18.9% −10.1%
Spending
n/a n/a 53.6% 31.3% 58.3%
n/a n/a 0.6% 0.2% 1.1%
n/a 21.0% n/a n/a n/a
Returns
n/a n/a n/a n/a −354.1%
−0.3% −4.1% −65.2% −51.3% −75.5%
Balance and payout
n/a n/a n/a n/a 0.66
3.8% 73.9% 124.8% 127.1% 78.7%