TruGolf Holdings, Inc. (TRUG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 5.02M | 5.07M | 4.11M | 4.31M | 5.39M | 6.74M | 6.24M | 3.87M | 5.01M | 6.8M | 3.43M | 5.27M | 5.08M | 6.57M | 3.11M | 4.16M | 6.39M | 0 | 0 |
| Revenue Growth % | -6.85% | -24.7% | -34.17% | 11.3% | 7.53% | -0.86% | 81.74% | -26.56% | -1.4% | 3.5% | 10.23% | 26.92% | -20.49% | - | - | - | - | - | - |
| Cost of Goods Sold | 2.34M | 3.98M | 1.26M | 2.4M | 1.73M | 2.09M | 1.92M | 1.52M | 1.96M | 3.56M | 1.53M | 1.86M | 1.14M | 2.71M | 962.05K | 1.73M | 1.82M | 0 | 0 |
| COGS % of Revenue | 46.56% | 78.37% | 30.65% | 55.65% | 32.03% | 31% | 30.85% | 39.33% | 39.09% | 52.34% | 44.69% | 35.19% | 22.46% | 41.27% | 30.9% | 41.56% | 28.5% | - | - |
| Gross Profit | 2.68M | 1.1M | 2.85M | 1.91M | 3.66M | 4.65M | 4.31M | 2.35M | 3.05M | 3.24M | 1.9M | 3.42M | 3.94M | 3.86M | 2.15M | 2.43M | 4.57M | 0 | 0 |
| Gross Margin % | 53.44% | 21.63% | 69.35% | 44.35% | 67.97% | 69% | 69.15% | 60.67% | 60.91% | 47.66% | 55.31% | 64.81% | 77.54% | 58.73% | 69.1% | 58.44% | 71.5% | - | - |
| Gross Profit Growth % | -26.75% | -76.39% | -33.98% | -18.64% | 19.98% | 43.54% | 127.22% | -31.25% | -22.54% | -16.01% | -11.77% | 40.75% | -13.78% | - | - | - | - | - | - |
| Operating Expenses | 3.98M | 2.98M | 3.96M | 3.78M | 4.9M | 5.9M | 3.44M | 3.13M | 4M | 5.08M | 4.22M | 3.01M | 8.85M | 3.78M | 3.07M | 2.71M | 2.72M | 137.6K | 78.77K |
| OpEx % of Revenue | 79.23% | 58.78% | 96.47% | 87.73% | 90.87% | 87.51% | 55.16% | 80.94% | 79.74% | 74.78% | 123.02% | 57.02% | 174.02% | 57.52% | 98.58% | 65.16% | 42.56% | - | - |
| Selling, General & Admin | 3.98M | 3.4M | 3.34M | 3.64M | 4.67M | 5.91M | 3.27M | 3.13M | 3.67M | 0 | 4.09M | 2.91M | 8.63M | 3.13M | 3.01M | 0 | 0 | 137.6K | 78.77K |
| SG&A % of Revenue | 79.23% | 67.07% | 81.34% | 84.51% | 86.69% | 87.71% | 52.49% | 80.94% | 73.16% | - | 119.22% | 55.1% | 169.78% | 47.65% | 96.72% | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -420.48K | 621.09K | 138.69K | 225.32K | -13.45K | 166.63K | 0 | 329.89K | 1000K | 130.61K | 101.12K | 215.63K | 648.16K | 58.08K | 1000K | 1000K | 0 | 0 |
| Operating Income | -1.29M | -1.88M | -1.11M | -1.87M | -1.23M | -1.25M | 872.28K | -785.04K | -943.68K | -1.84M | -2.32M | 410.58K | -4.9M | 79.38K | -917.93K | -279.33K | 1.85M | -137.6K | -78.77K |
| Operating Margin % | -25.79% | -37.15% | -27.12% | -43.38% | -22.9% | -18.5% | 13.99% | -20.27% | -18.83% | -27.12% | -67.71% | 7.79% | -96.48% | 1.21% | -29.49% | -6.72% | 28.94% | - | - |
| Operating Income Growth % | -4.89% | -51.19% | -227.65% | -138.21% | -30.79% | 32.35% | 137.54% | -291.2% | 80.76% | -2421.1% | -153.15% | 246.99% | -365.07% | 157.69% | -1065.27% | - | - | - | - |
| EBITDA | -671.15K | -1.4M | -687.76K | -1.48M | -1.03M | -1.19M | 1.12M | -564.09K | -825.13K | -1.83M | -2.23M | 489.65K | -4.82M | 297.61K | -902.93K | -267.1K | 1.86M | -135.42K | -78.77K |
| EBITDA Margin % | -13.37% | -27.55% | -16.75% | -34.38% | -19.12% | -17.66% | 17.9% | -14.56% | -16.46% | -26.92% | -64.87% | 9.28% | -94.79% | 4.53% | -29% | -6.43% | 29.13% | - | - |
| EBITDA Growth % | 34.88% | -17.43% | -161.62% | -162.71% | -24.9% | 34.96% | 150.13% | -215.2% | 82.88% | -714.77% | -146.56% | 283.32% | -358.7% | 319.76% | -1046.23% | - | - | - | - |
| D&A (Non-Cash Add-back) | 623.43K | 487.21K | 425.74K | 388.1K | 203.65K | 56.5K | 243.83K | 220.95K | 118.56K | 12.96K | 97.44K | 79.07K | 86.28K | 218.22K | 15K | 12.23K | 12.23K | 0 | 0 |
| EBIT | -1.24M | -1.82M | -7.17M | -1.8M | -1.18M | -1.11M | 910.87K | -748.42K | -917.01K | -1.84M | -2.3M | 439.42K | -4.88M | -20.62K | -917.93K | -279.33K | 1.85M | -135.42K | -78.77K |
| Net Interest Income | -152.72K | -73.25K | -29.59K | -1.45M | -1.44M | -4.76M | -932.46K | -784.29K | -354.27K | 0 | -337.16K | -410.42K | -446.66K | 0 | -168.62K | -173.45K | -197.03K | 0 | 0 |
| Interest Income | 54.45K | 67.56K | 78.72K | 64.83K | 54.6K | 600 | 38.59K | 36.62K | 30.59K | 0 | 21.2K | 28.85K | 21.5K | - | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 207.16K | 140.8K | 108.31K | 1.52M | 1.49M | 4.76M | 971.05K | 820.91K | 384.85K | 0 | 358.35K | 439.27K | 468.15K | - | 168.62K | 173.45K | 197.03K | 0 | 0 |
| Other Income/Expense | -152.72K | -73.25K | -6.16M | -1.45M | -1.44M | -4.62M | -932.46K | -784.29K | -358.18K | -428.66K | -337.16K | -410.42K | -446.66K | -1.15M | -168.62K | -173.45K | -197.03K | 2.18K | 0 |
| Pretax Income | -1.45M | -1.96M | -7.28M | -3.32M | -2.67M | -5.86M | -60.17K | -1.57M | -1.3M | -2.27M | -2.66M | 157 | -5.35M | -1.07M | -1.09M | -452.78K | 1.65M | -135.42K | -78.77K |
| Pretax Margin % | -28.83% | -38.59% | -177.26% | -77.05% | -49.55% | -87.04% | -0.96% | -40.52% | -25.97% | -33.42% | -77.54% | 0% | -105.27% | -16.31% | -34.9% | -10.9% | 25.86% | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -1.45M | -1.96M | -7.28M | -3.32M | -2.67M | -5.86M | -60.17K | -1.57M | -1.3M | -2.27M | -2.66M | 157 | -5.35M | -1.07M | -1.09M | -452.78K | 1.65M | -135.42K | -78.77K |
| Net Margin % | -28.83% | -38.59% | -177.26% | -77.05% | -49.55% | -87.04% | -0.96% | -40.52% | -25.97% | -33.42% | -77.54% | 0% | -105.27% | -16.31% | -34.9% | -10.9% | 25.86% | - | - |
| Net Income Growth % | 45.8% | 66.61% | -11995.13% | -111.65% | -105.12% | -158.19% | 97.74% | -999672.61% | 75.67% | -112.12% | -144.89% | 100.03% | -423.68% | -690.66% | -1279.32% | - | - | - | - |
| Net Income (Continuing) | -1.45M | -1.96M | -7.28M | -3.32M | -2.67M | -5.86M | -60.17K | -1.57M | -1.3M | -2.27M | -2.66M | 157 | -5.35M | -1.07M | -1.09M | -452.78K | 1.65M | -135.42K | -78.77K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.75 | -6.61 | -22.73 | -10.37 | -7.76 | 8.50 | -0.17 | -4.56 | -2.17 | -2.70 | -3.58 | 0.00 | -8.09 | -1.62 | -1.32 | -0.55 | 2.01 | -0.16 | -0.10 |
| EPS Growth % | 64.56% | -177.76% | -13270.59% | -127.41% | -257.6% | 414.81% | 95.25% | - | 73.18% | -66.67% | -171.21% | 100.04% | -502.49% | -912.5% | -1276.43% | - | - | - | - |
| EPS (Basic) | -2.75 | -6.61 | -22.73 | -10.37 | -7.76 | 8.50 | -0.17 | -4.56 | -2.17 | -2.70 | -3.58 | 0.00 | -8.09 | -1.62 | -1.32 | -0.55 | 2.01 | -0.16 | -0.10 |
| Diluted Shares Outstanding | 527K | 296.31K | 320.19K | 320.19K | 344.07K | 344.07K | 344.07K | 344.07K | 599.47K | 840.6K | 743.7K | 743.7K | 661.6K | 661.6K | 821.66K | 821.66K | 821.66K | 821.66K | 821.66K |
| Basic Shares Outstanding | 527K | 296.31K | 320.19K | 320.19K | 344.07K | 344.07K | 344.07K | 344.07K | 599.47K | 840.6K | 743.7K | 747.62K | 661.6K | 661.6K | 821.66K | 821.66K | 821.66K | 821.66K | 821.66K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |