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TruGolf Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$1.4M in Q2 2026 · −$2.1M over twelve months

Operating cash flow−$1.3M
Capital spending−$98K
Free cash flow−$1.4M
Cash conversion cycle-52 days

Analysis

In Q2 2026, TruGolf Holdings generated −$1.3M of operating cash flow and spent $98K on capital projects, leaving free cash flow of −$1.4M. That is $489K less than in Q2 2025 (−$887K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$1.7M; the largest uses were other investing ($3.7M), operating cash flow ($1.7M), capital spending ($336K); besides operations, cash came from other financing ($4.1M); the cash balance fell by $1.7M.

Operating cash flow was −$1.3M against net income of −$448K. The largest differences: deferred revenue −$1.4M, accrued liabilities +$498K, depreciation & amortization +$312K.

Its cash conversion cycle was -52 days (receivables 20 + inventory 54 − payables 126): suppliers fund its working capital.

Free cash flow

TruGolf Holdings: free cash flow by quarterTruGolf Holdings: free cash flow by quarter$456KQ3 2024−$7.1MQ4 2024−$513KQ1 2025−$887KQ2 2025−$676KQ3 2025$173KQ4 2025−$200KQ1 2026−$1.4MQ2 2026
Operating cash flow less capital spending.
TruGolf Holdings: operating cash flow against capital spendingTruGolf Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$456K$0Q3 2024−$7.1M$0Q4 2024−$449K$64KQ1 2025−$905K−$18KQ2 2025−$624K$52KQ3 2025$280K$107KQ4 2025−$122K$78KQ1 2026−$1.3M$98KQ2 2026
Latest (Q2 2026): Operating cash flow −$1.3M, Capital spending $98K.

Capital allocation, year by year

TruGolf Holdings: where the cash came from (up) and went (down), by fiscal yearTruGolf Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingFY2023: Operating cash flow −$6.1MFY2023: Net borrowing $4.3MFY2023: Capital spending −$127K$4.3MFY2023FY2024: Operating cash flow −$4.0MFY2024: Net borrowing $8.9MFY2024: Capital spending −$36K$8.9MFY2024FY2025: Operating cash flow −$1.7MFY2025: Net borrowing $2.5MFY2025: Capital spending −$205K$2.5MFY2025
Over these 3 years operating cash flow totalled −$11.8M; the largest uses were operating cash flow ($11.8M) and capital spending ($369K). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$6.4M
Debt$2.1M
Net cash$4.3M
Due within a year$2.9M
Cash runway3.1 years

TruGolf Holdings is burning cash: its operations consume cash, a free cash flow of −$2.1M a year at the current rate against $6.4M of cash and investments: a runway of about 3.1 years; $2.9M of debt also comes due within a year, which the cash covers before any new financing.

TruGolf Holdings: debt maturities by year (FY2024)TruGolf Holdings: debt maturities by year (FY2024)$2.9MYear 1$287KYear 2$337KYear 3
Principal due in each year as disclosed in the annual report, against $6.4M of cash and investments now.

Where the cash came from and went

TruGolf Holdings: sources (+) and uses (−) of cash, Q2 2026TruGolf Holdings: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$2.5MOperating cash flow−$1.3MOther investing−$934KOther financing−$132KCapital spending−$98KNet borrowing (+) / repaid (−)−$21K
TruGolf Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026TruGolf Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$4.1MOther investing−$3.7MOperating cash flow−$1.7MCash drawn (+) / kept (−)$1.7MCapital spending−$336KNet borrowing (+) / repaid (−)−$29K

From profit to cash

TruGolf Holdings: net income to operating cash flow, Q2 2026TruGolf Holdings: net income to operating cash flow, Q2 2026Net income−$448KDepreciation & amortization$312KReceivables$50KInventory−$31KPayables$62KAccrued liabilities$498KDeferred revenue−$1.4MPrepaid and other assets−$291KOperating cash flow−$1.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20262054126-52
Q1 20262143115-51
Q4 20253041656
Q3 20255019622026
Q2 20254011710454
Q1 20252515513545
Q4 2024419710632
Q3 20245311113133

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$1.3M−$98K−$21K$2.5M−$1.4M
Q1 2026−$122K−$78K−$3K$1.6M−$200K
Q4 2025$280K−$107K−$3K$966K$173K
Q3 2025−$624K−$52K−$3K−$3.4M−$676K
Q2 2025−$905K$18K−$2K$2.5M−$887K
Q1 2025−$449K−$64K$2.5M−$1.7M−$513K
Q4 2024−$7.1M—$4.7M−$3.4M−$7.1M
Q3 2024$456K—−$2K−$801K$456K

TruGolf Holdings: income statement and cash flow

TruGolf Holdings, Q2 2026: revenue $5.8M (+34% year over year), operating margin -3.8%. The chart follows the revenue to costs, profit and cash.

TruGolf Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.