{ "ok": true, "cik": "1857086", "ticker": "TRUG", "name": "TRUGOLF HOLDINGS, INC.", "filings": [ { "form": "8-K", "filed": "2026-09-24", "items": [ "1.01 Entry into a Material Definitive Agreement", "5.02 Departure or Election of Directors; Appointment of Officers", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1857086/000149315226044019/0001493152-26-044019-index.htm" }, { "form": "8-K", "filed": "2026-09-09", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1857086/000149315226041991/0001493152-26-041991-index.htm" }, { "form": "8-K", "filed": "2026-08-27", "items": [ "1.01 Entry into a Material Definitive Agreement" ], "url": "https://www.sec.gov/Archives/edgar/data/1857086/000149315226040430/0001493152-26-040430-index.htm" }, { "form": "8-K", "filed": "2026-08-24", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1857086/000149315226039904/0001493152-26-039904-index.htm" }, { "form": "8-K", "filed": "2026-08-21", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule", "3.02 Unregistered Sales of Equity Securities", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1857086/000149315226039727/0001493152-26-039727-index.htm" }, { "form": "8-K", "filed": "2026-08-18", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1857086/000149315226038904/0001493152-26-038904-index.htm" } ], "events12m": 14, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001857086.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1857086" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up TRUGOLF HOLDINGS, INC. ($TRUG). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-24. 14 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 18878997, "revenueGrowth1y": -0.13632304954182428, "revenueGrowthPerYear": -0.042279055411405864, "yearsOfData": 3, "operatingMargin": -0.3232350744057007, "operatingMarginPrior": -0.09620632618419694, "netMargin": -0.8066049801268573, "operatingCashFlow": -1698381, "capitalSpending": 205443, "freeCashFlow": -1903824, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 10469263, "longTermDebt": 2824000, "longTermDebtChange": -0.20696433586071328, "revenueHistory": [ { "fiscalYearEnd": "2023-12-31", "revenue": 20583851 }, { "fiscalYearEnd": "2024-12-31", "revenue": 21858864 }, { "fiscalYearEnd": "2025-12-31", "revenue": 18878997 } ], "totalEquity": 4300383, "totalAssets": 20181136, "equityRatio": 0.21308924334091003, "returnOnEquity": -3.541055064165215, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -51.39, "sharesOutstanding": 296313, "bookValuePerShare": 14.51297445606504, "revenuePerShare": 63.71302305332537, "range80": { "low": 12618003.392206881, "high": 22657044.379684195, "baseline": 17193082.69819714, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 12618003.392206881, "high": 22657044.379684195 } }, "edgarette": "🔖 Exposure: revenue $18.9M (FY2025), total debt $2.8M. Experience: revenue down 13.6% on the year, down 4.2% a year over 2 years; operating margin -32.3%, down from -9.6%. Soundness: equity 21.3% of assets, return on equity -354.1%. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $12.6M and $22.7M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (9 filers, $50M+ revenue, sporting & athletic goods, nec): operating margin -32.3% against a -1.5% median; growth -13.6% against -4.5%.", "peers": { "sic": 3949, "sicDescription": "Sporting & Athletic Goods, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3949", "growth": [ -0.0451, 9 ], "opMargin": [ -0.0145, 9 ], "equityRatio": [ 0.5264, 9 ] }, "summary": "Trugolf Holdings (TRUG) saw revenue fall 13.6% in FY2025 to $19 million, operating margin -32.3% against a -1.5% median for sporting & athletic goods, nec, equity 21.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
TRUGOLF HOLDINGS, INC. against its own record and its peers
Operating marginPeer median -1.5%-32.3%Revenue, on the yearPeer median -4.5%-13.6%Equity of assetsPeer median 52.6%21.3%Return on equity-354.1%Gold tick: the median of 9–9 peers with $50M+ revenue in sporting & athletic goods, nec
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-25T13:58:55.815Z", "hash": "c8cbcb190a0a4e91", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Trugolf Holdings (TRUG) saw revenue fall 13.6% in FY2025 to $19 million, operating margin -32.3% against a -1.5% median for sporting & athletic goods, nec, equity 21.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 18878997, "totalDebt": 2824000, "cash": 10469263 }, "experience": { "revenueGrowth1y": -0.13632304954182428, "revenueGrowthPerYear": -0.042279055411405864, "operatingMargin": -0.3232350744057007, "operatingMarginPrior": -0.09620632618419694, "netMargin": -0.8066049801268573, "freeCashFlow": -1903824 }, "soundness": { "equityRatio": 0.21308924334091003, "returnOnEquity": -3.541055064165215, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3949, "sicDescription": "Sporting & Athletic Goods, NEC", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3949", "growth": [ -0.0451, 9 ], "opMargin": [ -0.0145, 9 ], "equityRatio": [ 0.5264, 9 ] }, "credibility": { "auditedYears": 3, "weight": "moderate", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 12618003.392206881, "high": 22657044.379684195, "baseline": 17193082.69819714, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "credibility": null, "stress": null, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-25T13:58:55.815Z", "hash": "c8cbcb190a0a4e91", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001857086.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1857086" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }