TruGolf Holdings, Inc. (TRUG) Income Statement
TRUG FY2026 at a glance
Fiscal year ended September 30, 2026 · U.S. dollarsTRUG revenue and net income
Where TRUG's revenue goes
FY2026Each bar shows an amount and its share of revenue. TRUG kept −80.7% of revenue as net income.
TRUG profit margins
TRUG growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −13.6% | −2.8% | −2.3% | — |
| Gross profit | −66.4% | −25.9% | −20.5% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TRUG quarterly EPS vs estimates
TruGolf beat the analyst EPS estimate in 1 of the last 7 quarters. Next report: November 13, 2026.
TRUG income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.9M | $21.9M | $21.3M | $20.6M | $20.2M | $21.2M | $0 |
| Cost of revenue | $14.0M | $7.3M | $7.4M | $8.5M | $7.0M | $5.8M | — |
| Gross profit | $4.9M | $14.6M | $13.9M | $12.0M | $13.2M | $15.5M | — |
| Sales, general & admin | $15.6M | $16.0M | $16.0M | $20.7M | $12.5M | $8.8M | — |
| Total operating expenses | $11.0M | $16.7M | $23.4M | $20.7M | $12.5M | $9.2M | $59,395 |
| Operating income | −$6.1M | −$2.1M | −$2.1M | −$8.7M | $732,382 | $6.3M | −$59,395 |
| Interest income | — | $265,708 | $106,400 | $108,011 | — | — | — |
| Interest expense | $3.3M | $6.9M | $6.9M | $1.7M | $1.6M | $854,534 | — |
| Income before taxes | −$15.2M | −$8.8M | −$8.8M | −$10.3M | −$956,841 | $6.2M | −$59,395 |
| Income taxes | — | — | — | — | $57,569 | −$187,444 | — |
| Net income | −$15.2M | −$8.8M | −$8.8M | −$10.3M | −$956,841 | $6.2M | −$59,395 |
| EBITDA | −$10.5M | −$1.2M | −$1.2M | −$9.9M | $858,584 | $7.1M | −$59,395 |
| EPS (diluted) | −$383.42 | −$119.09 | −$1081.55 | −$365.53 | −$0.04 | $7.53 | — |
| Gross margin | 26.0% | 66.7% | 65.2% | 58.5% | 65.3% | 72.8% | — |
| Operating margin | −32.3% | −9.6% | −9.9% | −42.1% | 3.6% | 29.7% | — |
| Net margin | −80.7% | −40.2% | −41.3% | −50.0% | −4.7% | 29.1% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.8M | $5.0M | $5.1M | $4.1M | $4.3M | $5.4M | $6.7M | $6.2M | $3.9M | $5.0M | $6.8M | $3.4M |
| Cost of revenue | $2.3M | $2.3M | $4.0M | $1.3M | $2.4M | $1.7M | $2.1M | $1.9M | $1.5M | $2.0M | $3.6M | $1.5M |
| Gross profit | $3.5M | $2.7M | $1.1M | $2.8M | $1.9M | $3.7M | $4.6M | $4.3M | $2.3M | $3.1M | $3.2M | $1.9M |
| Sales, general & admin | $2.4M | $4.0M | $3.4M | $3.9M | $3.6M | $4.7M | $5.9M | $3.3M | $3.1M | $3.7M | $383,886 | $4.1M |
| Total operating expenses | $3.7M | $4.0M | $7.0M | $4.0M | $3.8M | $4.9M | $8.0M | $3.4M | $3.1M | $6.0M | $5.1M | $4.2M |
| Operating income | −$222,006 | −$1.3M | −$1.9M | −$1.1M | −$1.9M | −$1.2M | −$1.2M | $872,281 | −$785,042 | −$943,685 | −$1.8M | −$2.3M |
| Interest income | $45,892 | $54,448 | $67,557 | $78,725 | $64,830 | $54,596 | $600 | $38,592 | $36,621 | $30,587 | — | $21,197 |
| Interest expense | $263,702 | $207,163 | $140,804 | $108,315 | $1.5M | $1.5M | $4.8M | $971,048 | $820,908 | $384,854 | — | $358,354 |
| Income before taxes | −$447,808 | −$1.4M | −$2.0M | −$7.3M | −$3.3M | −$2.7M | −$5.9M | −$60,175 | −$1.6M | −$1.3M | −$2.3M | −$2.7M |
| Income taxes | — | $3.3M | — | — | — | −$2 | — | — | −$118,559 | — | −$12,959 | −$97,435 |
| Net income | −$447,808 | −$1.4M | −$2.0M | −$7.3M | −$3.3M | −$2.7M | −$5.9M | −$60,175 | −$1.6M | −$1.3M | −$2.3M | −$2.7M |
| EBITDA | $260,563 | −$616,703 | −$1.3M | −$6.7M | −$1.4M | −$975,974 | — | $1.2M | −$527,469 | — | −$2.3M | −$2.2M |
| EPS (diluted) | −$0.37 | −$2.75 | −$380.30 | −$48.70 | −$46.30 | −$0.09 | −$24.00 | −$0.12 | −$590.84 | −$490.51 | −$0.08 | −$0.06 |
| Gross margin | 59.8% | 53.4% | 21.6% | 69.3% | 44.4% | 68.0% | 69.0% | 69.1% | 60.7% | 60.9% | 47.7% | 55.3% |
| Operating margin | −3.8% | −25.8% | −37.2% | −27.1% | −43.4% | −22.9% | −18.5% | 14.0% | −20.3% | −18.8% | −27.1% | −67.7% |
| Net margin | −7.7% | −28.8% | −38.6% | −177.3% | −77.0% | −49.5% | −87.0% | −1.0% | −40.5% | −26.0% | −33.4% | −77.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TRUG's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TRUG financial results
In fiscal year 2026 (ended September 30, 2026), TruGolf reported revenue of $18.9 million, down 13.6% from the year before. It had a net loss of $15.2 million, a net profit margin of −80.7%. Diluted earnings per share came to −$383.42. Over five years revenue grew at an average rate of −2.3% a year.
See the TRUG stock overview for the latest quote and news, or the TRUG chart for price history and technical indicators.
TRUG income statement FAQ
What is TruGolf's annual revenue?
TruGolf reported total revenue of $18.9 million for fiscal year 2026, which ended on September 30, 2026. That was down 13.6% from $21.9 million the previous year.
Is TruGolf profitable?
No. TruGolf reported a net loss of $15.2 million in fiscal 2026, a net profit margin of −80.7%; its operating margin was −32.3%.
What is TruGolf's gross margin?
TruGolf's gross margin was 26.0% in fiscal 2026: for every $100 of revenue, TruGolf kept $26 after the direct cost of its products and services.
How fast is TruGolf growing?
Revenue grew −2.3% a year on average over the last five fiscal years, from $21.2 million to $18.9 million.
What are TruGolf's earnings per share?
TruGolf earned $-383.42 per diluted share in fiscal 2026, compared with $-119.09 a year earlier.
When will TruGolf report its next earnings?
TruGolf is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does TruGolf's fiscal year end?
TruGolf's fiscal year ends in September. The latest annual report covers the year ended September 30, 2026 and was filed on April 15, 2026.