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TruGolf Holdings, Inc. (TRUG)

USD1.24 -0.02 (-1.59%)
US NASDAQ Technology Electronic Gaming & Multimedia
Address 60 North 1400 West 84014
Centerville, UT, US
CEO Christopher Jones
IPO 2021-12-02
CIK 1857086 ISIN US2437335084

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Also trades on NASDAQ Global Market · DMAQ (USD) NASDAQ Global Market · DMAQR (USD) NASDAQ Global Market · TRUG (USD)
Description

TruGolf Holdings, Inc., operating primarily in the United States through its subsidiary, focuses on the design, manufacturing, and sale of indoor golf simulator equipment. These hardware solutions, marketed under the TruGolf Nevada brand, are supplied to both residential customers and commercial venues. Additionally, the company provides its E6 Connect software, which is engineered to function with golf simulation systems developed by other manufacturers. The firm was established in 1982 and has its corporate headquarters situated in Centerville, Utah.

News Sentiment (7d)
Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD1.24 -0.02 (-1.59%)
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Volume Profile
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Liquidity & share structure
Average Volume
149.8K
Beta
-1.10
Float Shares
454.9K
Free Float %
84.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.65% -16.95% -38.49% -80.63% -85.06% -79.72% -98.63% -99.97% -99.97% -99.97% -99.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.24
DCF (Levered) 1.66 +33.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-4.32
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
1 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Electronic Gaming & Multimedia: +4.1%
    -13.6% Q1'26: -6.8% (vs Q1'25)
  • EPS growth Electronic Gaming & Multimedia: +20.0%
    -100.7% Q1'26: +64.6% (vs Q1'25)
  • FCF margin FCF growth · Electronic Gaming & Multimedia: +41.4%
    -76.2% Q1'26: -4.0% (vs Q1'25)
  • EBIT margin Electronic Gaming & Multimedia: +10.3%
    -63.4% Q1'26: +0.0% (vs Q1'25)
  • ROIC Electronic Gaming & Multimedia: +6.6%
    Q1'26: +0.0% (vs Q1'25)
  • Share dilution Electronic Gaming & Multimedia: +0.0%
    -13.9% Q1'26: +53.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electronic Gaming & Multimedia: -1.53×
    -0.56× Q1'26: -1.06× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-1.10) × ERP
WACC = 8% × Ke + 92% × Kd (55.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 1.24
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
21.86M
est: 22.61M (-3.3%)
18.88M
est: 18.31M (+3.1%)
21.50M
21.50M – 21.50M
+17.4% YoY
26.00M
26.00M – 26.00M
+20.9% YoY
EBITDA
-1.22M
est: -3.10M (+60.5%)
-10.47M
est: -2.51M (-317.0%)
-2.95M
-2.95M – -2.95M
-17.4% YoY
-3.56M
-3.56M – -3.56M
-20.9% YoY
EBIT
-1.86M
est: -3.67M (+49.2%)
-11.97M
est: -2.97M (-302.8%)
-3.49M
-3.49M – -3.49M
-17.4% YoY
-4.22M
-4.22M – -4.22M
-20.9% YoY
Net Income
-8.80M
est: -37.04M (+76.3%)
-15.23M
est: -32.65M (+53.4%)
-894.9K
-894.9K – -894.9K
+97.3% YoY
-80.0K
-80.0K – -80.0K
+91.1% YoY
SGA
15.98M
est: 14.18M (+12.7%)
15.62M
est: 11.48M (+36.0%)
13.49M
13.49M – 13.49M
+17.4% YoY
16.31M
16.31M – 16.31M
+20.9% YoY
EPS
-25.60
est: -125.00 (+79.5%)
-51.39
est: -110.20 (+53.4%)
-3.02
-3.02 – -3.02
+97.3% YoY
-0.27
-0.27 – -0.27
+91.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-20 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-19 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-18 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-15 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-14 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-13 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-12 C+ 2/5 4/5 1/5 1/5 1/5 1/5 4/5
2026-05-11 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-08 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-06 C+ 2/5 4/5 1/5 1/5 1/5 1/5 5/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-04 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-05-01 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-30 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-29 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-24 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-23 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-22 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-21 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-20 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-17 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5
2026-04-16 C+ 2/5 3/5 1/5 1/5 1/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-5.26M
OE per share TTM
-16.65
Owner's Yield
-1,075.66%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
4.2%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
7
Total invested
83.7K
Insider transactions (90d)
0
Beneficial owners (>5%)
1
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Greentree Financial Group, Inc. 1.16M 9.99% 1.16M 1.16M CO Florida, United States of America 2024-09-27

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
7
+0 vs prev Q
New positions
3
Closed positions
3
Increased
4
Reduced
3
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 200.00 +200.0 (+100.0%) 824.00 +824.0 (+100.0%) 0.07% +0.068 pp 0.00% +0.000 pp USD4.80 +0.0% 1 qtrs NEW
2 MORGAN STANLEY 1.00 +1.0 (+100.0%) 5.00 +5.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD4.00 +20.0% 1 qtrs NEW
3 SBI SECURITIES CO., LTD. 1.00 +1.0 (+100.0%) 5.00 +5.0 (+100.0%) 0.00% +0.000 pp 0.00% +0.000 pp USD4.00 +20.0% 1 qtrs NEW
4 SRS CAPITAL ADVISORS, INC. -7.0 (-100.0%) -6.0 (-100.0%) 0.00% 0.000 pp 0.00% +0.000 pp USD 3 qtrs SOLD
5 TOWER RESEARCH CAPITAL LLC (TRC) -3.4K (-100.0%) -2.5K (-100.0%) 0.00% -0.115 pp 0.00% 0.000 pp USD 3 qtrs SOLD
6 BANK OF AMERICA CORP /DE/ -5.0 (-100.0%) -4.0 (-100.0%) 0.00% 0.000 pp 0.00% +0.000 pp USD 4 qtrs SOLD
7 UBS GROUP AG -2.0K (-100.0%) -1.5K (-100.0%) 0.00% -0.068 pp 0.00% +0.000 pp USD 4 qtrs SOLD
8 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC -34.0 (-100.0%) -25.0 (-100.0%) 0.00% -0.001 pp 0.00% +0.000 pp USD 4 qtrs SOLD
9 EWA, LLC -14.7K (-100.0%) -10.7K (-100.0%) 0.00% -0.497 pp 0.00% -0.003 pp USD 2 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
1
Shares acquired
Shares disposed
2.5K
Cash buys
Cash sales
1.00
Net activity
-2,500
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2025-07-14 POLANEN HUMPHREY P Director S-Sale D Common Stock 2,500 5.03 12.6K 500 D
2025-04-21 Jones Christopher Jon Director / Officer / 10% Owner A-Award A Class A Common Stock 1,812,417 0.00 3,744,400 D
2025-04-21 Johnson Steve Rolfe Officer / 10% Owner A-Award A Class A Common Stock 870,116 0.00 1,286,942 D
2024-01-31 Russell Riley Director 0 0.00 0
2024-01-31 Redmer A.J. Director 0 0.00 0
2024-01-31 Larsen Nathan E Officer D Class A Common Stock 0 0.00 71,832
2024-01-31 Jones Lindsay Officer 0 0.00 0
2024-01-31 Jones Christopher Jon Director / Officer / 10% Owner D Class B Common Stock 0 0.00 860,082
2024-01-31 Johnson Steve Rolfe Officer / 10% Owner D Class B Common Stock 0 0.00 416,826
2024-01-31 Adams Brenner Officer D Class A Common Stock 0 0.00 71,832

Executive team

Top executives
EBIT / Employee
-168.6K
Shares Outstanding
535.6K

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2024 Nathan Larsen Chief Experience Officer 163.0K 57.1K 220.1K 25.93%
2 2024 Brenner Adams Chief Growth Officer 84.0K 57.1K 79.0K 220.1K 25.93%
3 2024 Lindsay Jones Former Chief Financial Officer 82.0K 10.0K 120.0K 212.0K 56.60%
4 2024 Christopher Jones Chief Executive Officer 72.0K 95.1K 167.1K 56.91%
5 2023 Brenner Adams Chief Growth Officer 168.0K 690.0K 858.0K 80.42%
6 2023 Nathan Larsen Chief Experience Officer 163.0K 690.0K 853.0K 80.89%
7 2023 Christopher Jones Chief Executive Officer 150.0K 150.0K 0.00%
8 2023 Lindsay Jones Former Chief Financial Officer 24.9K 24.9K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-02-04 DEFA14A
2026-01-26 DEF 14A
2026-01-16 PRE 14A
2025-05-22 DEFA14A
2025-05-19 DEF 14A
2025-05-05 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-06 8-K
2026-04-30 10-K/A
2026-04-17 10-K/A
2026-04-15 10-K
2026-03-31 NT 10-K
2026-03-20 8-K
2026-03-13 8-K
2026-02-18 8-K
2026-02-10 8-K
2026-02-04 SC 13G

Executive team

NameTitleCompensationGender
Brenner Adams Chief Growth Officer 163.0K male
Nathan E. Larsen Chief Experience Officer 163.0K male
Christopher Jones CEO, President, Interim CFO & Director 72.0K male
Doug Bybee Chief Revenue Officer male
Shaun Limbers Director & Executive Vice President male
Steven R. Johnson Chief Hardware Officer male
ESG Rating
B
ELECTRONIC GAMING & MULTIMEDIA
Rank: 14 out of 23
2025
E (Environmental)
70.7 / 61.3
Company / Sector avg.
S (Social)
62.4 / 56.3
Company / Sector avg.
G (Governance)
61.9 / 67.9
Company / Sector avg.
ESG Total
65.0 / 61.8
Company / Sector avg.
ESG Score History ELECTRONIC GAMING & MULTIMEDIA
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits