TruGolf Holdings Reports Q3 Revenue of $4.1 Million and Gross Margin of 69%
TruGolf Holdings Inc. reported Q3 2025 revenue of $4.1 million, down from $6.2 million in Q3 2024, due to timing of product deliveries and deferred recognition. Gross margin rose to 69%. The company had a net loss of $7.3 million, driven by a $6.1 million non-cash loss on debt extinguishment. Cash on hand increased to $11.4 million unrestricted, $13.5 million including restricted cash. Total liabilities decreased to $16.7 million, and stockholders’ equity turned positive at $6.3 million. Business developments included investments in product development and AI-driven analytics.
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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TruGolf Holdings Inc. published the original content used to generate this news brief on November 17, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
