5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $19M | -$15M | 50.4% | -32.3% | -$2M | $2M | $10M |
| 2024 | $21M | -$9M | 65.2% | -9.9% | -$4M | $4M | $9M |
| 2023 | $21M | -$10M | 62.0% | -42.1% | -$6M | $2M | $3M |
| 2023 | — | -$400232 | — | — | — | — | — |
| 2022 | — | -$414045 | — | — | — | — | $877099 |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $5M | -$1M | 53.4% | -25.8% | -$200434 | $2M | $9M |
| Dec '25 | $5M | -$2M | 21.6% | -37.2% | $172591 | $2M | $10M |
| Sep '25 | $4M | -$7M | 69.3% | -27.1% | -$675903 | $3M | $11M |
| Jun '25 | $4M | -$3M | 44.4% | -43.4% | -$887234 | $3M | $8M |
| Mar '25 | $5M | -$3M | 65.6% | -23.6% | -$513278 | $4M | $11M |
| Dec '24 | $6M | -$6M | 64.0% | -20.2% | — | $4M | $9M |
| Sep '24 | $6M | -$60175 | 69.1% | 14.0% | — | $3M | $7M |
| Jun '24 | $4M | -$2M | 66.4% | -20.3% | — | $2M | $7M |
| Mar '24 | $5M | -$1M | 60.9% | -18.8% | $2M | $2M | $8M |
| Dec '23 | $7M | -$359954 | 51.5% | -27.1% | -$50471 | $2M | $3M |
| Sep '23 | $3M | -$3M | 55.3% | -67.7% | -$1M | — | — |
| Jun '23 | $5M | $157 | 64.8% | 7.8% | -$2M | — | — |
| Mar '23 | $5M | -$5M | 77.5% | -96.5% | -$3M | — | — |
| Dec '22 | — | $577351 | — | — | — | — | — |
| Sep '22 | — | -$165559 | — | — | — | — | — |
| Jun '22 | — | -$154420 | — | — | — | — | — |
| Mar '22 | — | -$183349 | — | — | — | — | $877099 |
| Dec '21 | — | -$135423 | — | — | — | — | $977197 |
| Sep '21 | — | -$78774 | — | — | — | — | $326371 |
| Jun '21 | — | -$16499 | — | — | — | — | — |
How the market has priced TRUG against its own fundamentals since 2024-02 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, TruGolf Holdings, Inc.'s revenue has declined 4.2% per year. These are computed facts, not advice.
As of FY2025, TruGolf Holdings, Inc. reported $2M of total debt against $10M of cash; operating income covered interest expense -9.2×.
In FY2025, gross margin was 50.4%, operating margin -32.3%, and net margin -80.7%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.