Every 10-Q that TruGolf Holdings, Inc. (TRUG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TRUG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TRUG filings page.
TruGolf Holdings, Inc. reported higher revenue but continued losses for the quarter ended June 30, 2026. Quarterly revenue rose to $5.8 million from $4.3 million a year earlier, with gross profit increasing to $3.5 million. Net loss narrowed to $0.4 million from $3.3 million, helped by lower interest expense after prior-period debt exchanges.
For the first six months of 2026, revenue was $10.8 million and net loss $1.9 million, versus $9.7 million and $6.0 million in 2025. Cash and restricted cash totaled $8.5 million with a working capital deficit of $2.3 million and operating cash use of $1.4 million. The company continues to convert Series A Convertible Preferred Stock into Class A shares, which, along with reset features, can increase dilution. Management reports a continuing material weakness in internal control over financial reporting, and notes Nasdaq bid-price noncompliance risk and a newly filed putative securities class and derivative action, which it states it intends to defend.
TruGolf Holdings, Inc. reported first-quarter 2026 results with continued losses but a smaller deficit than a year earlier. Net revenue was $5,020,262, down modestly from $5,237,825, while net loss improved to $1,447,294 from $2,670,322.
Gross profit fell to $2,682,996 as cost of revenue rose, but operating expenses declined to $3,977,575, helped by greater capitalization of software development. TruGolf ended March 31, 2026 with cash, cash equivalents and restricted cash of $10,936,670 and a working capital deficit of $1,282,452.
The company completed a 1‑for‑10 reverse stock split and continues to rely on complex Series A Convertible Preferred Stock, which carries reset and make-whole features that can materially increase dilution. Disclosure controls and procedures remained ineffective due to a previously identified material weakness in internal control over financial reporting.
TruGolf Holdings (Nasdaq: TRUG) filed its Q3 2025 10‑Q, showing lower sales and a larger loss as it restructured its balance sheet and capital structure. Q3 revenue was $4.1 million versus $6.2 million a year ago; nine‑month revenue was $13.8 million versus $15.1 million. Q3 net loss was $7.3 million compared with $0.06 million last year, driven primarily by a $6.1 million loss on extinguishment of debt. Gross profit was $2.8 million in Q3 (vs. $4.3 million).
The company executed a 1‑for‑50 reverse stock split on June 23, 2025 and regained Nasdaq compliance; it is under a one‑year Mandatory Panel Monitor. Liquidity improved: cash and cash equivalents were $11.4 million (plus $2.1 million restricted), and total liabilities declined to $16.7 million from $21.8 million at year‑end. Stockholders’ equity turned positive at $6.3 million from a $4.6 million deficit.
Capital actions included exchanging PIPE notes into Series A Convertible Preferred, and $5.0 million cash from warrant exercises. Operating cash flow was $(2.0) million for the nine months, with $2.5 million invested in software development. Deferred revenue reached $6.2 million, expected to be recognized over the next 12 months.
TruGolf Holdings, Inc. (TRUG) reported a 1-for-50 reverse stock split effective June 23, 2025, reducing Class A shares to 810,617 and Class B to 200,000 outstanding on a split-adjusted basis. The company recorded a loss from operations of approximately $1.9 million for the three months and $3.1 million for the six months ended June 30, 2025, and reported negative operating cash flow of about $1.4 million. Management notes positive revenue growth and improving gross profit trends but expects to incur further losses through the end of 2025. The company received net proceeds of $2.5 million from PIPE Convertible Notes (net of $280,000 original issue discounts) and reports $4.9 million of remaining performance obligations expected to be recognized over the next 12 months. Significant financing and capital structure activity includes issuance of 1,885 shares of Series A Preferred Stock with associated warrants, conversions of PIPE notes into Class A shares, and conversions of dividend notes into Class A and Class B shares.