TruGolf Holdings, Inc. (TRUG)
Centerville, UT, US
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.
Based on only 2 articles — low confidence
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.65% | -16.95% | -38.49% | -80.63% | -85.06% | -79.72% | -98.63% | -99.97% | -99.97% | -99.97% | -99.97% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
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)
* 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.
| 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
|
| 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
Ownership Overview
| # | 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)
| # | 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 |
ETF Ownership
This company is not held by any ETF in our universe.
Insider Activity
| 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
Executive compensation
| # | 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% | ↗ |
Proxy statements
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| 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 |
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for TRUG
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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