10-Q · May 20, 2026
TruGolf Holdings, Inc. reported Q1 2026 results with revenue of $5,020,262, a slight decrease of 4.2% from $5,237,825 in Q1 2025. The operating loss was $1,294,579, while EPS resulted in a loss of $38.03, reflecting the…
Earnings analysis · 10-Q
TRUG earnings analysis
Filed August 14, 2026 · Our reading of the company's report
The latest report
The provided filing excerpt does not include Q2 2026 income-statement, balance-sheet, segment, or cash-flow figures, so current-period financial metrics cannot be determined from the supplied text. The qualitative…
Read full summary
The provided filing excerpt does not include Q2 2026 income-statement, balance-sheet, segment, or cash-flow figures, so current-period financial metrics cannot be determined from the supplied text. The qualitative update is materially negative: disclosure controls remained ineffective as of June 30, 2026, while the company faces new securities litigation and potential Nasdaq delisting after its stock traded below $1.00 since July 31, 2026. Series A Preferred Stock conversion also presents substantial dilution risk, with a $2.76 reset price and a next reset date of October 22, 2026.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Controls Remain Ineffective
Disclosure controls were deemed ineffective as of June 30, 2026 because of the material weakness in internal control over financial reporting previously described in the 2025 Form 10-K.
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New Securities Litigation
The company disclosed a putative securities class action and shareholder derivative complaint filed on July 24, 2026. No loss amount was accrued because management could not predict the outcome or estimate a reasonably possible loss.
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Preferred Stock Dilution Risk
The Series A Preferred Stock reset price was $2.76 on April 22, 2026, and the next reset date is October 22, 2026, creating potential for additional share issuance and dilution.
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Nasdaq Listing Compliance Pressure
The common stock closing price has been below $1.00 since July 31, 2026; remaining below $1.00 for 30 consecutive business days would violate Nasdaq Listing Rule 5550(a)(2).
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Repurchase Program Ended
The company repurchased 439,208 shares for $346,503 under the 2025 Repurchase Program, which ended on May 28, 2026; no shares were repurchased during the quarter ended June 30, 2026.
What to watch
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Potential Nasdaq Delisting
The company is below Nasdaq's $1.00 bid-price requirement and, because it completed a reverse stock split in March 2026, may not receive the normal 180-calendar-day compliance period if delisting proceedings begin.
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Material Equity Dilution
Conversion of Series A Preferred Stock can increase dilution. The latest reset price was $2.76 on April 22, 2026, with another reset scheduled for October 22, 2026; dividends through the five-year anniversary also convert into Class A shares.
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Securities Litigation Exposure
A complaint filed July 24, 2026 covers stock purchases between September 10, 2025 and May 20, 2026 and seeks compensatory damages, rescission or rescissory damages, and corporate governance reforms; the company has accrued $0 because the loss cannot currently be estimated.
Management's outlook
The provided 10-Q text contains no quantitative revenue or EPS outlook. Management's outlook was not provided in the extracted filing text.
Earlier filings 4
10-K · April 30, 2026
TruGolf Holdings, Inc. reported a challenging year with FY2025 revenues declining slightly to $18M from $21M in FY2024 and a notable loss of -$38.03 EPS. However, the company's recent quarter showed a revenue surprise…
10-K · April 17, 2026
This Amendment corrects the Company’s reported shares outstanding to 914,267 and does not change the Original 10-K’s financial disclosures. Using the supplied quarterly history, TruGolf’s reported revenue declined from…
10-K · April 15, 2026
TruGolf positions itself as an integrated indoor golf technology company combining proprietary hardware (APOGEE, LaunchBox, simulator systems) with software (E6 GOLF, E6 CONNECT) and commercial/franchise solutions.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.