TruGolf Holdings, Inc. 1Q 2026: Revenue $5.02M, EPS $(2.75) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.TruGolf Holdings, Inc. reported Q1 2026 revenue of $5.02M, down 4.2% from $5.24M in Q1 2025. The net loss was $(1.45M), an improvement from $(2.67M) a year prior, with diluted EPS at $(2.75), up from $(44.24). The decline in revenue was mainly due to lower simulator sales, while the company increased investment in its software platform and franchising efforts.
TruGolf Holdings, Inc. reported first-quarter 2026 results with revenue of $5.02M and a net loss attributable to common stockholders of $(1.45M); diluted EPS was $(2.75), an improvement versus the prior-year quarter. Revenue was down modestly year over year as simulator sales softened while the company increased investment in its software platform.
Financial Highlights
- Revenue was $5.02M for Q1 2026, down from $5.24M in Q1 2025 (4.2%).
- Net income was a loss of $(1.45M) for Q1 2026, versus a $(2.67M) loss in Q1 2025 (improved year over year).
- Diluted EPS was $(2.75) for Q1 2026, versus $(44.24) in Q1 2025 (improved year over year).
Business Highlights
- Revenue trend: Overall revenue remained relatively stable, with the 4.2% decline driven primarily by lower golf simulator sales.
- Channel and product mix: The company shifted toward capitalizing more software development costs and away from direct payroll expense.
- Operations and margins: Cost of goods sold increased 29.8%, attributed to allocation of warehouse salaries and higher shipping costs.
- Product development: Capitalized software costs rose materially and amortization increased, reflecting active investment in the TruGolf platform.
- Commercial activity: Continued focus on franchising through TruGolf Links Franchising as part of its brand and go-to-market strategy.
Original SEC Filing: TruGolf Holdings, Inc. [ TRUG ] - 10-Q - May. 20, 2026