TruGolf Reports Fourth Quarter and Full Year 2025 Results

About this update from Trugolf Holdings, Inc.

Salt Lake City, Utah, April 16, 2026 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading provider of golf simulator software and hardware, today reported its fourth quarter and full year 2025 results. 2025 vs. 2024:Q4 2025 vs. Q4 2024: Financial Highlights Cash: $10.5 million unrestricted; $12.6 million including restricted cash, up 15.5% from December 31, 2024.Total liabilities decreased to $15.9 million from $21.8 million at year-end, following the exchange of certain notes payable into equity and settlement of merger-related obligations.Golf Simulator Hardware sales increased 7.1% for the year.Stockholders’ Equity: Positive $4.3 million vs. $(4.6) million deficit at year-end 2024.Net Loss: $(1.96) million for the 2025 fourth quarter as compared to $(5.86) million for the 2024 period. The 2025 loss was primarily due to a non-recurring, non-cash $2.0 million inventory adjustment resulting from a change in accounting systems.Revenue: $5.1 million for the quarter vs. $6.2 million in 2024, but up sequentially from third quarter’s $4.1 million. The year-on-year sales decline primarily reflected timing of product deliveries and deferred recognition related to software and franchise contracts. "2025 was a transitional year for TruGolf, where we addressed capital market issues, revamped our accounting systems and procedures and made major investments in new products to position the company for significant growth in the years ahead." Said Chris Jones, CEO and Director of TruGolf. "We have overcome many challenges in the past year and we appreciate our shareholder's patience as we strengthened our capital structure, increased liquidity and expanded our product lineup to create the broadest suite of offerings in simulated golf. 2025's results, while understandable, are not in line with the potential we see for our company. Our 2026 outlook is a better reflection of what we think TruGolf can deliver when operating on all cylinders. We expect our first flagship franchise location for TruGolf Links to open in Cherry Hill New Jersey in the second quarter and we have introduced D3 wagering software into our product lineup. We have also seen increased market interest in our recently introduced TruGolf RANGE product and believe this will translate into significantly higher sales in 2026." Q4 2025 Results: Fourth quarter 2025 sales were $5.1 million, down...

View stock analysis, news, and events for Trugolf Holdings, Inc.