TRUG TruGolf Holdings, Inc. - Class A Common Stock
$0.89
Price · Aug 19, 2026
Fundamentals as of Aug 14, 2026
52W Range
$1–$6
6% of range
Analyst Rating
BUY
7 analysts
Price Target
$6
+576% upside
P/E (TTM)
-0.0
ROE
—
Net Profit Margin
—
TRUG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.89
Market Cap
—
P/E (TTM)
-0.0
EPS (TTM)
$-51.39
Revenue (TTM)
$19M
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$1 – $6
TRUG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$19M
2023-12-31
→
2025-12-31
EPS
$-51.39
2023-12-31
→
2025-12-31
Free Cash Flow
—
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TRUG
Peer Median
P/E (TTM)
-0.0
31.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TRUG
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TRUG
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TRUG
Peer Median
Revenue YoY
-11.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TRUG
Peer Median
TRUG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
7 analysts
- Strong Buy 2 28.6%
- Buy 4 57.1%
- Hold 1 14.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-20
Low
$6.00
High
$6.00
Median target
$6.00
+576.3%
Mean target
$6.00
+576.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-51.8%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-2.75 | $-4.59 | 1.8% |
| Sept. 30, 2025 | $-7.60 | $-8.21 | 0.61% |
| June 30, 2025 | $-46.30 | $-31.57 | -14.7% |
| March 31, 2025 | $-45.00 | $-20.40 | -24.6% |
| Dec. 31, 2024 | $-235.00 | $-12.75 | -222.2% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TRUG | — | -0.0 | -11.3% | — | — | — |
| MSGM | — | 2.2 | 30.0% | 61.3% | 190.5% | 81.5% |
| GXAI | $8M | -1.9 | 47901.7% | -201.8% | -26.2% | — |
| VS | $6M | -3.3 | 3711.3% | -82.1% | -16.6% | 99.2% |
| EA | — | 58.1 | 0.91% | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $19M | $21M | $21M | |
| Cost of Revenue | $9M | $7M | $8M | |
| Gross Profit | $10M | $14M | $13M | |
| SG&A Expense | $11M | $7M | $11M | |
| Operating Expenses | $16M | $16M | $21M | |
| Operating Income | $-6M | $-2M | $-9M | |
| Interest Expense | $663.0K | $545.3K | $601.1K | |
| Other Non-op | $600 | · | $-2M | |
| Net Income | $-15M | $-9M | $-10M | |
| EPS (Basic) | $-51.39 | $-377.98 | $-857.35 | |
| EPS (Diluted) | $-51.39 | $-377.98 | $-857.35 | |
| Shares (Basic) | 296,313 | 23,270 | 11,994 | |
| Shares (Diluted) | 296,313 | 23,270 | 11,994 |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $10M | $9M | $3M | |
| Short-term Investments | · | · | $2M | |
| Receivables | $1M | $1M | $2M | |
| Inventory | $863.3K | $2M | $2M | |
| Prepaid Expense | $985.1K | $116.6K | $262.1K | |
| Other Current Assets | · | $45.7K | · | |
| Current Assets | $15M | $15M | $13M | |
| PP&E (Net) | $355.5K | $143.9K | $234.3K | |
| PP&E (Gross) | $1M | $1M | $1M | |
| Accum. Depreciation | $951.6K | $957.8K | $881.0K | |
| Other Non-current Assets | $31.0K | $31.0K | $2M | |
| Total Assets | $20M | $17M | $16M | |
| Accounts Payable | $3M | $3M | $2M | |
| Current Liabilities | $14M | $16M | $11M | |
| Capital Leases | $191.9K | $305.1K | $668.2K | |
| Other Non-current Liabilities | · | · | $63.0K | |
| Total Liabilities | $16M | $22M | $20M | |
| Long-term Debt | $2M | $4M | $2M | |
| Paid-in Capital | $47M | $19M | $10M | |
| Retained Earnings | $-41M | $-21M | $-12M | |
| Treasury Stock | $2M | $2M | $2M | |
| AOCI | · | · | $-1.7K | |
| Stockholders' Equity | $4M | $-5M | $-4M | |
| Liabilities + Equity | $20M | $17M | $16M |
Cash Flow 7
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $1M | $301.4K | $58.6K | |
| Deferred Tax | $3M | $2M | · | |
| Operating Cash Flow | $-2M | $-4M | $-6M | |
| CapEx | $205.4K | $36.3K | $127.4K | |
| Investing Cash Flow | $-3M | $741.1K | $-3M | |
| Financing Cash Flow | $7M | $9M | $4M | |
| Net Change in Cash | $2M | $5M | $-4M |
Growth Rates 1
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | -11.3% | 3.4% | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $19M | $21M | · | |
| Net Income TTM | $-15M | $-9M | · | |
| P/E | -0.0 | -0.1 | · | |
| Earnings Yield | -7088.3% | -1126.6% | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6M | $5M | $5M | $4M | $4M | $5M | $6M | $6M | $4M | $5M | $538.4K | |
| Cost of Revenue | $2M | $2M | $4M | $1M | $3M | $2M | $2M | $2M | $1M | $2M | $1M | |
| Gross Profit | $3M | $3M | $1M | $3M | $2M | $3M | $4M | $4M | $3M | $3M | $4M | |
| SG&A Expense | $2M | $3M | $2M | $3M | $3M | $3M | $1M | $2M | $2M | $2M | $6M | |
| Operating Expenses | $4M | $4M | $3M | $4M | $4M | $5M | $5M | $3M | $3M | $4M | $9M | |
| Operating Income | $-222.0K | $-1M | $-2M | $-1M | $-2M | $-1M | $-1M | $872.3K | $-785.0K | $-943.7K | $-5M | |
| Interest Expense | · | · | · | · | · | $38.9K | $249.5K | $118.5K | $80.8K | $96.5K | $0 | |
| Other Non-op | $-8.0K | $-152.7K | $0 | · | $600 | $-1M | · | · | · | $-358.2K | $-446.7K | |
| Net Income | $-447.8K | $-1M | $-2M | $-7M | $-3M | $-3M | $-6M | $-60.2K | $-2M | $-1M | $-5M | |
| EPS (Basic) | $-0.37 | $-2.75 | $-38.03 | $-4.87 | $-4.63 | $-44.24 | $-377.64 | $0.00 | $-0.12 | $-0.22 | $-446.15 | |
| EPS (Diluted) | $-0.37 | $-2.75 | $-38.03 | $-4.87 | $-4.63 | $-44.24 | $-377.64 | $0.00 | $-0.12 | $-0.22 | $-446.15 | |
| Shares (Basic) | 1,206,000 | 527,000 | -696,869 | 1,495,411 | 717,928 | 60,356 | -32,632,762 | 13,380,737 | 13,280,591 | 5,994,704 | 11,994 | |
| Shares (Diluted) | 1,206,000 | 527,000 | -696,869 | 1,495,411 | 717,928 | 60,356 | -32,632,762 | 13,380,737 | 13,280,591 | 5,994,704 | 11,994 | |
| EBITDA | $-222.0K | $-1M | · | $-1M | $-2M | $-1M | · | $872.3K | $-785.0K | $-943.7K | · |
Balance Sheet 23
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6M | $9M | $10M | $11M | $8M | $11M | $9M | $7M | $7M | $8M | $595.5K | |
| Receivables | $1M | $1M | $1M | $2M | $2M | $2M | $1M | · | · | · | · | |
| Inventory | $1M | $1M | $863.3K | $3M | $3M | $4M | $2M | $2M | $2M | $2M | · | |
| Prepaid Expense | $1M | $766.9K | $985.1K | $701.1K | $290.4K | $190.0K | $116.6K | $99.0K | $118.7K | $61.9K | $20.4K | |
| Other Current Assets | · | · | · | · | · | · | $45.7K | · | · | · | · | |
| Current Assets | $12M | $14M | $15M | $19M | $21M | $18M | $15M | $14M | $12M | $12M | $10M | |
| PP&E (Net) | $484.0K | $411.1K | $355.5K | $246.3K | $210.5K | $192.7K | $143.9K | $131.6K | $149.0K | $166.7K | · | |
| PP&E (Gross) | · | · | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | |
| Accum. Depreciation | · | · | $951.6K | $953.3K | $937.2K | $973.1K | $957.8K | $933.8K | $916.3K | $898.7K | · | |
| Other Non-current Assets | $31.0K | $31.0K | $31.0K | $31.0K | $31.0K | $31.0K | $31.0K | $31.1K | $31.1K | $2M | · | |
| Total Assets | $18M | $20M | $20M | $23M | $24M | $21M | $17M | $17M | $14M | $15M | $10M | |
| Accounts Payable | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $3M | $3M | · | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | $866.5K | |
| Current Liabilities | $15M | $16M | $14M | $15M | $18M | $18M | $16M | $16M | $12M | $10M | $3M | |
| Capital Leases | $136.4K | $164.7K | $191.9K | $220.6K | $250.0K | $278.1K | $305.1K | $380.4K | $478.5K | $574.4K | · | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | $589.6K | $589.6K | $81.6K | · | |
| Total Liabilities | $16M | $17M | $16M | $17M | $20M | $25M | $22M | $27M | $25M | $25M | $7M | |
| Long-term Debt | $2M | $2M | $3M | $3M | $3M | $4M | $4M | $3M | $2M | $2M | · | |
| Paid-in Capital | $53M | $49M | $47M | $45M | $33M | $21M | $19M | $7M | $7M | $7M | · | |
| Retained Earnings | $-48M | $-44M | $-41M | $-37M | $-27M | $-24M | $-21M | $-15M | $-15M | $-14M | $-6M | |
| Treasury Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | |
| Stockholders' Equity | $2M | $3M | $4M | $6M | $4M | $-5M | $-5M | $-10M | $-11M | $-9M | $-6M | |
| Liabilities + Equity | $18M | $20M | $20M | $23M | $24M | $21M | $17M | $17M | $14M | $15M | $10M |
Cash Flow 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $311.5K | $491.9K | $384.3K | $334.1K | $298.1K | $115.3K | $-30.3K | $158.5K | $137.1K | $36.1K | $13.8K | |
| Stock-based Comp | · | · | · | $3.3K | $3.3K | $3.3K | · | · | · | · | · | |
| Operating Cash Flow | $-1M | $-122.2K | $280.0K | $-623.9K | $-905.4K | $-449.1K | $-7M | $3M | $3M | $3M | $-3M | |
| CapEx | $97.9K | $78.2K | $107.4K | $52.0K | $-18.2K | $64.2K | · | · | · | $332.3K | $46.6K | |
| Investing Cash Flow | $-1M | $-1M | $-943.3K | $-878.9K | $-1M | $-334.7K | $3M | $-5M | $-1M | $-332.3K | $-2M | |
| Financing Cash Flow | $-152.6K | $-366.1K | $-302.6K | $5M | $-271.0K | $3M | $8M | $4M | $-128.8K | $92.1K | $2M | |
| Net Change in Cash | $-2M | $-2M | $-965.9K | $3M | $-2M | $2M | $3M | $2M | $1M | $2M | $-4M | |
| Free Cash Flow | · | $-200.4K | · | · | · | $-513.3K | · | · | · | $2M | · |
Profitability 6
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.8% | 53.4% | · | 69.3% | 44.4% | 68.0% | · | 69.2% | 7025.9% | 567.0% | · | |
| Operating Margin | -3.8% | -25.8% | · | -27.1% | -43.4% | -22.9% | · | 14.0% | -2143.7% | -175.3% | · | |
| Net Margin | -7.7% | -28.8% | · | -177.3% | -77.0% | -49.5% | · | -0.96% | -4285.3% | -241.8% | · | |
| EBITDA Margin | -3.8% | -25.8% | · | -27.1% | -43.4% | -22.9% | · | 14.0% | -2143.7% | -175.3% | · | |
| ROA | -2.1% | -7.2% | · | -36.4% | -17.3% | -14.8% | · | -0.50% | -14.9% | -10.2% | · | |
| ROE | -14.1% | 140.7% | · | 366.7% | 107.2% | 39.2% | · | 0.67% | 17.5% | 16.2% | · |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.9 | · | 1.3 | 1.2 | 1.0 | · | 0.9 | 1.0 | 1.3 | · | |
| Quick Ratio | 0.5 | 0.6 | · | 0.9 | 0.6 | 0.7 | · | 0.5 | 0.6 | 0.8 | · | |
| Interest Coverage | · | · | · | · | · | -31.7 | · | · | · | -9.8 | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.3 | · | 0.5 | 0.0 | 0.0 | · | |
| Inventory Turnover | 1.1 | 0.9 | · | 0.5 | 1.0 | 0.6 | · | 1.7 | 1.1 | 1.7 | · | |
| Receivables Turnover | 3.4 | 3.5 | · | 3.7 | 3.9 | 6.8 | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $19M | $19M | · | $20M | $20M | $21M | · | $19M | · | · | · | |
| Net Income TTM | $-12M | $-15M | · | $-13M | $-8M | $-6M | · | $-3M | $-4M | · | · | |
| P/E | -0.1 | · | · | · | -0.0 | -0.1 | · | -0.2 | -0.3 | -0.1 | · | |
| Earnings Yield | -978.3% | · | · | · | -3841.3% | -1248.4% | · | -463.1% | -392.3% | -1040.2% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-03-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| Revenue | $19M | $21M | $21M | — | — |
| Net Income | $-15M | $-9M | $-10M | $-400.2K | $-414.0K |
| Diluted EPS | $-51.39 | $-377.98 | $-857.35 | — | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-03-31 | 2022-03-31 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | 3.5 | 240.3 |
| Quick Ratio | — | — | — | 0.2 | 1.6 |
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Institutional owners (13F) 1 filer · $3K total · As of June 30, 2025
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q4 2025 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 2 (-4 vs prior Q) | 4 (+4 vs prior Q) | 3 (+3 vs prior Q) | 0 (-1 vs prior Q) | +8K |
Compared to Q3 2025. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Clear Street Derivatives LLC | $3,415 | 597 | 100.00% | Shares |
Company insiders 3 insiders · 0 officers · 0 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Ronald M. Razmi | — | April 27, 2022 J | — | 0 | 0 | $0 |
| Bright Vision Sponsor LLC | — | April 27, 2022 J | 257,869 | 0 | 0 | $0 |
| Humphrey P Polanen | — | April 27, 2022 J | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Bright Vision Sponsor LLC, Ke Li ×2 filings | April 27, 2022 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.