TruGolf Holdings (TRUG) Financial Statements & Analysis

TruGolf Holdings (TRUG) Income Statement

TruGolf Holdings reported revenue of $18.88M in fiscal 2025 (fiscal year ended Mar 31, 2026), down 13.6% from $21.86M a year earlier. TruGolf Holdings posted a net loss of $15.23M, compared with a net loss of $8.80M a year earlier. Gross margin was 26.0% and operating margin -32.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $5.79M, up 34.4% from the same quarter a year earlier.

TruGolf Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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TruGolf Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2009
Period ending	Mar 2026	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2009
Revenue & Gross Profit
Revenue	18.88	18.88	21.86	21.28	20.58	20.23	21.25	0.00	2.99
Cost of Revenue	13.98	9.36	7.27	7.40	8.54	7.02	5.78	0.00	-
Gross Profit	4.90	9.52	14.59	13.88	12.76	13.21	15.47	0.00	2.75
Operating Expenses
Research & Development	0.00	-	0.00	-	0.00	0.00	0.00	0.00	-
Selling, General & Administrative	15.62	15.62	15.98	15.98	20.71	11.57	0.00	0.06	-
Operating Expenses	11.01	15.62	16.69	15.98	0.00	12.12	9.16	0.06	-
Operating Income	-6.10	-6.10	-2.10	-2.10	-8.66	1.09	6.31	-0.06	-
Other Income/Expense
Interest Income	0.27	0.27	0.11	0.11	0.11	0.00	0.00	0.00	-
Interest Expense	3.26	3.26	6.93	-6.93	-1.73	1.59	0.85	0.00	-
Other Income/Expense	-9.13	-6.13	-6.69	-6.69	-1.62	-0.10	-0.12	0.00	-
Income
Income Before Tax	-15.23	-15.23	-8.80	-8.80	-10.28	-0.96	6.19	-0.06	-
Income Tax Expense	0.00	-	0.00	-	0.06	0.00	0.00	0.00	-
Net Income	-15.23	-15.23	-8.80	-8.80	-0.06	-0.96	6.19	-0.06	0.27
Net Income - Continuous Operations	-15.23	-15.23	-8.80	-8.80	-10.28	-0.96	6.19	-0.06	-
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-10.47	-10.47	-1.22	-1.80	-8.60	0.86	7.12	-0.06	-
EBIT	-	-11.97	-	-2.10	-8.66	0.63	7.05	-	-
Depreciation & Amortization	1.50	1.50	0.64	0.30	0.06	0.23	0.07	0.00	-
Earnings Per Share
Basic EPS	-514.00	-51.00	-256.00	-378.00	-1.00	-36.00	75.00	-	-
Diluted EPS	-514.00	-51.00	-256.00	-378.00	-15.00	-36.00	75.00	-	-
Basic Shares Outstanding	0.03	0.30	0.03	0.02	8.41	0.03	0.08	0.08	-
Diluted Shares Outstanding	0.03	0.30	0.03	0.02	8.41	0.03	0.08	0.08	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About TruGolf Holdings Financial Statements

What was TruGolf Holdings's revenue in fiscal 2025?

TruGolf Holdings reported revenue of $18.88M in fiscal 2025 (fiscal year ended Mar 31, 2026). That was down 13.6% from $21.86M a year earlier.

Is TruGolf Holdings profitable?

No. TruGolf Holdings reported a net loss of $15.23M in fiscal 2025. In fiscal 2024 it lost $8.80M.

What is TruGolf Holdings's operating margin?

TruGolf Holdings's operating income was −$6.10M on revenue of $18.88M in fiscal 2025, an operating margin of -32.3%, compared with -9.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition