TruGolf Holdings (TRUG) AI Stock Analysis

• Market Cap: $2.96M
• Dividend Yield: N/A
• Average Volume (3M): 173.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 71
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -4.63
• Shares Outstanding: 1,117,603
• 10 Day Avg. Volume: 216,124
• 30 Day Avg. Volume: 173,131
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.57
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: 0.32
• Enterprise Value/Ebitda: -2.04
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 38 Underperform
• Price Target: $2.00 ▼(-11.11% Downside)

TruGolf Holdings receives a low overall stock score due to significant financial challenges, including high leverage and negative cash flows. Technical analysis indicates bearish momentum, and the valuation is unattractive with a negative P/E ratio. The lack of earnings call data and corporate events further limits positive influences on the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and product adoption, which can lead to improved financial performance over time.

Gross Profit Margin

A strong gross profit margin suggests effective cost management and pricing power, which can support future profitability as revenue grows.

Free Cash Flow Growth

Positive free cash flow growth indicates improved cash management, providing the company with more resources for investment and debt reduction.

Negative Factors

High Debt Load

A high debt load can strain financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.

Negative Profitability Margins

Negative profitability margins indicate operational inefficiencies and ongoing losses, which can hinder long-term financial sustainability.

Negative Cash Flows

Negative cash flows suggest challenges in covering operational costs, which can limit the company's ability to invest in growth and manage debt effectively.

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 for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.

How the Company Makes Money

TruGolf Holdings generates revenue primarily through the sale of its golf simulators and related software. The company offers various models of simulators, catering to different market segments, from individual consumers to commercial golf facilities and entertainment venues. TruGolf also makes money by licensing its proprietary software, which powers the simulators and provides an immersive golfing experience, complete with accurate ball physics and a wide selection of virtual golf courses. Additionally, the company may engage in partnerships or collaborations with golf equipment manufacturers, sports venues, or technology firms to enhance its offerings and reach a broader audience. TruGolf's revenue is further supported by providing maintenance and support services for their products, ensuring customers have a seamless experience.

TruGolf Holdings Financial Statement Overview

Summary

TruGolf Holdings is experiencing significant financial challenges, characterized by persistent losses, negative equity, and reliance on external financing. Although there are minor revenue improvements, the lack of profitability and high leverage remain critical concerns.

Income Statement

TruGolf Holdings has demonstrated some growth in revenue over the past year, with a TTM increase from $21.86 million to $22.24 million. However, the company continues to face challenges in achieving profitability, as evidenced by negative EBIT and net income margins. The gross profit margin remains relatively stable but is overshadowed by consistent net losses, indicating ongoing operational inefficiencies.

Balance Sheet

The company's balance sheet reflects significant financial distress, with negative stockholders' equity and a high debt-to-equity ratio. Total liabilities exceed total assets, placing the company in a technically insolvent position. This high leverage poses substantial risks, though the presence of cash reserves provides some short-term liquidity.

Cash Flow

Cash flow statements reveal negative operating and free cash flows, indicating difficulties in generating cash from core operations. While free cash flow has deteriorated further, the operating cash flow to net income ratio suggests that operational cash generation is insufficient. The company has been reliant on financing activities to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.67M	21.86M	20.58M	20.23M	21.25M	0.00
Gross Profit	14.54M	14.59M	12.05M	13.21M	15.98M	0.00
EBITDA	-2.29M	-1.22M	-8.60M	-2.17M	-409.91K	-59.40K
Net Income	-11.92M	-8.80M	-10.28M	-400.23K	-414.05K	-59.40K
Balance Sheet
Total Assets	24.36M	17.14M	15.77M	9.78M	128.95M	537.57K
Cash, Cash Equivalents and Short-Term Investments	13.71M	10.88M	5.78M	9.76M	128.64M	500.07K
Total Debt	8.32M	9.12M	9.25M	1.86M	500.00K	500.00K
Total Liabilities	20.04M	21.78M	19.69M	7.22M	4.96M	546.96K
Stockholders Equity	4.31M	-4.64M	-3.92M	2.55M	123.99M	-9.39K
Cash Flow
Free Cash Flow	-8.18M	-4.03M	-6.26M	-1.08M	-720.86K	-50.03K
Operating Cash Flow	-7.97M	-4.00M	-6.13M	-1.04M	-697.87K	-50.03K
Investing Cash Flow	559.91K	741.14K	-2.62M	120.42M	-127.77M	0.00
Financing Cash Flow	10.91M	8.74M	4.50M	-119.67M	128.84M	550.10K

TruGolf Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 2.25 is below the 20-day moving average (MA) of 2.33, below the 50-day MA of 3.09, and below the 200-day MA of 11.72, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 38.50 is Neutral, neither overbought nor oversold. The STOCH value of 41.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRUG.

TruGolf Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MSGM	47 Neutral	$13.98M	-48.99	31.90%	―	-2.69%	-114.02%
GAME	44 Neutral	$68.98M	―	-231.82%	―	―	―
TRUG	38 Underperform	$2.96M	-0.12	―	―	―	―
BHAT	37 Underperform	$11.59M	―	―	―	-74.59%	86.00%

TruGolf Holdings Corporate Events

TruGolf Holdings Delays Quarterly Report Filing

TruGolf Holdings, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending June 30, 2025. The primary reason for the delay is the need for additional time to complete certain items related to the financial statements, which could not be addressed without unreasonable effort or expense. The company anticipates filing the report within five calendar days following the prescribed due date. TruGolf Holdings has indicated that no significant changes in financial results are expected from the corresponding period of the previous fiscal year. The company remains committed to compliance, as evidenced by the notification signed by Christopher Jones, CEO and Interim CFO, on August 14, 2025.

The most recent analyst rating on (TRUG) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on TruGolf Holdings stock, see the TRUG Stock Forecast page.

TruGolf Holdings Regains Nasdaq Compliance by August 2025

TruGolf Holdings, Inc. faced compliance issues with Nasdaq’s listing requirements, including market value, bid price, and shareholders’ equity. After a hearing on May 15, 2025, the company was granted an exception to meet these requirements by specific deadlines. By August 1, 2025, TruGolf Holdings had regained compliance, resulting in a transfer to the Nasdaq Capital Market. The company will be under a one-year Mandatory Panel Monitor, with strict conditions if compliance issues reoccur.

The most recent analyst rating on (TRUG) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on TruGolf Holdings stock, see the TRUG Stock Forecast page.

TruGolf Holdings Regains Nasdaq Compliance by July 2025

TruGolf Holdings, Inc. received a deficiency letter from Nasdaq regarding non-compliance with several listing requirements, including market value, bid price, and shareholders’ equity. After a hearing on May 15, 2025, the company was granted temporary exceptions to regain compliance, which it achieved by July 17, 2025, through strategic financial maneuvers such as converting notes into stock and exercising warrants, thereby exceeding the required shareholders’ equity for continued listing.

The most recent analyst rating on (TRUG) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on TruGolf Holdings stock, see the TRUG Stock Forecast page.