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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›TRUG›Financials
Annual statements · SEC XBRL · FY2021 – FY2025

TruGolf Holdings, Inc. (TRUG) financials

Income statement

TruGolf Holdings, Inc. (TRUG) income statement, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue——$20.6M$21.3M$18.9M
Revenue growth———3.4%-11.3%
Gross profit——$12.8M$13.9M$9.52M
Gross margin——62.0%65.2%50.4%
Operating income——-$8.66M-$2.10M-$6.10M
Operating margin——-42.1%-9.9%-32.3%
Net income—-$414K-$10.3M-$8.80M-$15.2M
Net margin——-50.0%-41.3%-80.7%
EPS (diluted)——-$857.35-$377.98-$51.39

Cash flow

TruGolf Holdings, Inc. (TRUG) cash flow, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow—-$698K-$6.13M-$4.00M-$1.70M
Capital expenditures——$127K$36.3K$205K
Free cash flow——-$6.26M-$4.03M-$1.90M

Balance sheet

TruGolf Holdings, Inc. (TRUG) balance sheet, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$500K$877K$3.30M$8.78M$10.5M
Total assets$538K$129M$15.8M$17.1M$20.2M
Total liabilities$547K$4.96M$19.7M$21.8M$15.9M
Long-term debt——$2.10M$3.56M$2.82M
Shareholders' equity-$9.39K-$3.43M-$3.92M-$4.64M$4.30M
Retained earnings-$59.4K-$3.78M-$12.4M-$21.2M-$41.1M
Shares (wtd avg diluted)——12.0B23.3B296K

Every figure is extracted from TruGolf Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is TruGolf Holdings, Inc.'s annual revenue?
TruGolf Holdings, Inc. (TRUG) reported $18.9M of revenue for fiscal year 2025 — down 11.3% from $21.3M in FY2024, per its annual report filed with the SEC.
Is TruGolf Holdings, Inc. profitable?
Not in FY2025 — TRUG reported a net loss of $15.2M, per SEC filings.
What is TruGolf Holdings, Inc.'s free cash flow?
-$1.90M in FY2025 (operating cash flow -$1.70M minus $205K of capital expenditures), from the SEC cash-flow statement.
Does TRUG pay a dividend?
TruGolf Holdings, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full TRUG analysis — verdict, score & filings →Is TRUG a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.