TruGolf Holdings Reports Q3 Revenue of $4.1 Million and Gross Margin of 69%

Reuters
Nov 17
TruGolf Holdings Reports Q3 Revenue of $4.1 Million and Gross Margin of 69%

TruGolf Holdings Inc. reported third quarter 2025 revenue of $4.1 million, compared to $6.2 million in the same period in 2024, mainly due to timing of product deliveries and deferred recognition related to software and franchise contracts. Gross margin rose to 69%, up from the second quarter of 2025. The company reported a net loss of $7.3 million for the quarter, primarily driven by a non-cash $6.1 million loss on extinguishment of debt. Cash on hand was $11.4 million unrestricted, or $13.5 million including restricted cash, a 30% increase from December 31, 2024. Total liabilities decreased to $16.7 million from $21.8 million at year-end 2024, and stockholders' equity turned positive at $6.3 million compared to a $4.6 million deficit at year-end 2024. Business developments included continued investment in product development, with ongoing work on E6 APEX, LaunchBox, and the upcoming TruGolf Range platform set for debut at the 2026 PGA Show, as well as advancements in AI-driven analytics and the construction of the first "Golf Everywhere" franchise installation.

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