TruGolf Holdings, Inc. (TRUG) AI Stock Analysis

TruGolf Holdings, Inc., headquartered in Centerville, Utah, develops and sells indoor golf simulator hardware under the TruGolf Nevada brand. The company serves both residential and commercial markets across the United States. In addition to hardware, it offers E6 Connect software, which is compatible with third-party hardware systems to deliver graphics and simulation mechanics. Founded in 1982, TruGolf integrates hardware engineering with software solutions to serve golfers and businesses seeking indoor golf simulation systems.

TruGolf generated revenue of $20.2M in FY2022, $20.6M in FY2023, $21.3M in FY2024, and $21.9M in FY2025, before revenue fell 13.6% to $18.9M in FY2026. Gross margin contracted from 66.7% in FY2025 to 26.0% in FY2026, while operating margin dropped from -9.6% to -32.3%. Net loss widened from -$8.8M in FY2025 to -$15.2M in FY2026, resulting in a net margin of -80.7%. Over the 5-year period from FY2021 to FY2026, revenue registered a CAGR of -2.3%. In the latest quarter ended June 30, 2026, quarterly revenue grew 34.4% year-over-year, bringing trailing twelve months revenue to $20.0M with an operating margin of -3.8%.

As of June 30, 2026, TruGolf held $6.4M in cash and short-term investments and $4.0M in total debt, leaving net cash of $2.4M. Shareholders' equity was $2.1M against total assets of $18.0M, resulting in a debt-to-equity ratio of 1.95. The current ratio stood at 0.84. In FY2026, operating cash flow was -$1.7M and free cash flow was -$5.1M, with capital expenditures of $3.4M. Over five years, the company's share count decreased by 85.3%.

At its last close of $1.12 on October 16, 2026, TruGolf had a market capitalization of $1.4M and an enterprise value of -$1.6M. The stock trades at a price-to-sales multiple of 0.1x, below the 0.8x median of its US-listed Communication Services peers. Its price-to-book ratio is 0.4x and EV-to-revenue is 0.2x. Over the past year, TRUG shares fell 99.5%, underperforming the S&P 500 (SPY), which gained 16.8%. The stock is down 98.5% year-to-date and trades 96.5% below its 200-day average.

TruGolf has 1 Buy rating and 0 Hold or Sell ratings from analysts. The mean price target is $60.00, representing a 5257.1% premium over the last close of $1.12. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $19.6M and an EPS of -$53.30. For the next fiscal year, 1 analyst estimates revenue of $24.3M and an EPS of -$16.80. Over the last four quarters, the company exceeded EPS estimates 1 time. The next earnings date is November 13, 2026.

This page is an AI-written research summary of TruGolf Holdings, Inc. (TRUG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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