Trugolf Holdings, Inc. Class A (TRUG)
NASDAQ:TRUG
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TruGolf Holdings
(NASDAQ:TRUG)
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Rating:41Neutral
Price Target:
$2.50
▲(129.36% Upside)
Action:UpgradedDate:04/16/26
The score is weighed down primarily by weak financial performance (declining revenue, compressed margins, widening losses, and sustained cash burn) and a bearish technical setup (below major moving averages with negative MACD). Corporate events provide some support via buybacks and improved financing flexibility, but dilution risk and the lack of valuation support (negative P/E; no dividend) keep the overall score low.
Positive Factors
Capital raising flexibility
Shareholder approvals materially expand TruGolf's equity and transactional capacity, giving the company durable access to equity financing, strategic transactions, or a corporate redomestication pathway. This structural flexibility supports funding growth, acquisitions, or balance-sheet repair over months without immediate operational change.
Negative Factors
Revenue decline & margin compression
Sustained revenue decline and sharp gross-margin contraction reduce operating leverage and the firm's capacity to cover fixed costs. Over multiple quarters this erodes sustainable profitability, necessitates structural cost or pricing changes, and raises the bar for returning to positive operating margins without strategic shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital raising flexibility
Shareholder approvals materially expand TruGolf's equity and transactional capacity, giving the company durable access to equity financing, strategic transactions, or a corporate redomestication pathway. This structural flexibility supports funding growth, acquisitions, or balance-sheet repair over months without immediate operational change.
Read all positive factors
TruGolf Holdings (TRUG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.36M
Dividend YieldN/A
Average Volume (3M)1.06M
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth-13.63%
EPS Growth37.52%
CountryUS
Employees71
SectorConsumer Cyclical
Sector Strength84
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)N/A
Shares Outstanding914,267
10 Day Avg. Volume2,718,244
30 Day Avg. Volume1,058,809
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.50
Price to Sales (P/S)0.11
P/FCF Ratio-0.42
Enterprise Value/Market Cap-1.36
Enterprise Value/Revenue-0.17
Enterprise Value/Gross Profit-0.34
Enterprise Value/Ebitda0.31
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-10.1
Revenue Forecast (FY)$21.50M
TruGolf Holdings Business Overview & Revenue Model
Company Description
TruGolf Holdings, Inc., through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software ...
How the Company Makes Money
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TruGolf Holdings Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
38
Negative
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.88M | 21.86M | 20.58M | 20.23M | 21.25M |
| Gross Profit | 4.90M | 14.59M | 12.05M | 13.21M | 15.47M |
| EBITDA | -10.47M | -1.22M | -8.60M | 858.58K | 6.38M |
| Net Income | -15.23M | -8.80M | -10.28M | -956.84K | 6.19M |
Balance Sheet | |||||
| Total Assets | 20.18M | 17.14M | 15.77M | 14.59M | 14.89M |
| Cash, Cash Equivalents and Short-Term Investments | 10.47M | 10.88M | 5.78M | 9.66M | 10.71M |
| Total Debt | 5.90M | 9.12M | 9.25M | 4.34M | 3.60M |
| Total Liabilities | 15.88M | 21.78M | 19.69M | 18.02M | 18.04M |
| Stockholders Equity | 4.30M | -4.64M | -3.92M | -3.43M | -3.16M |
Cash Flow | |||||
| Free Cash Flow | -5.14M | -5.73M | -6.26M | 750.45K | 4.50M |
| Operating Cash Flow | -1.70M | -4.00M | -6.13M | 791.88K | 4.52M |
| Investing Cash Flow | -3.44M | 741.14K | -2.62M | -41.43K | -23.00K |
| Financing Cash Flow | 6.82M | 8.74M | 4.50M | -1.80M | -810.45K |
TruGolf Holdings Technical Analysis
Negative
1.09
Price Trends
6.16
Negative
7.64
Negative
21.83
Negative
Market Momentum
-0.95
Positive
24.45
Positive
7.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRUG, the sentiment is Negative. The current price of 1.09 is below the 20-day moving average (MA) of 4.17, below the 50-day MA of 6.16, and below the 200-day MA of 21.83, indicating a bearish trend. The MACD of -0.95 indicates Positive momentum. The RSI at 24.45 is Positive, neither overbought nor oversold. The STOCH value of 7.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRUG.
TruGolf Holdings Risk Analysis
TruGolf Holdings disclosed 87 risk factors in its most recent earnings report. TruGolf Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
TruGolf Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $25.02M | 2.21 | 44.93% | ― | 30.05% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $54.44M | 12.87 | 13.22% | ― | ― | ― | |
53 Neutral | $56.87M | -590.83 | -134.37% | ― | -30.63% | 70.53% | |
41 Neutral | $2.36M | -0.14 | ― | ― | -13.63% | 37.52% |
* Consumer Cyclical Sector Average
TRUG
TruGolf Holdings
2.53
-135.37
-98.17%
GAME
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0.59
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GMHS
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TBH
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0.70
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TruGolf Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
TruGolf Reshapes Board Roles in Leadership Realignment
Neutral
Mar 20, 2026
On March 16, 2026, TruGolf Holdings, Inc. announced that director Shaun Limbers resigned from the company’s Board of Directors, with the company specifying that his departure did not stem from any disagreement related to TruGolf’s oper...
Regulatory Filings and Compliance
TruGolf Holdings Announces Technical Corporate Governance Amendment
Neutral
Mar 13, 2026
TruGolf Holdings disclosed a brief regulatory statement indicating that information previously detailed in another section is incorporated by reference in this item. The filing does not provide new operational, financial, or strategic details, sug...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and FinancingShareholder Meetings
TruGolf Shareholders Approve Proposals Enhancing Capital Flexibility
Positive
Feb 18, 2026
On February 17, 2026, TruGolf Holdings, Inc. stockholders approved all seven proposals at the company’s annual meeting, including the election of five directors to serve until the 2026 annual meeting and the ratification of Haynie Company a...
Business Operations and StrategyStock Buyback
TruGolf Announces Progress Under Ongoing Share Repurchase Program
Positive
Feb 10, 2026
On February 10, 2026, TruGolf Holdings, Inc. reported that it had repurchased 423,402 shares of its Class A common stock under a previously announced $2.0 million stock buyback program, at an average price of $0.7552 per share including fees and c...
Stock Buyback
TruGolf Holdings Announces Progress in Stock Repurchase Program
Positive
Feb 2, 2026
As of January 31, 2026, TruGolf Holdings, Inc. reported that it had repurchased 249,000 shares of its Class A common stock under its previously announced $2.0 million stock buyback program at an average price of $0.8535 per share, including fees a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.