Filing Flows › TruGolf Holdings (TRUG) › Q1 2026
TruGolf Holdings (TRUG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 20, 2026
TruGolf Holdings (TRUG) reported revenue of $5.0M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -1% from the quarter before. Operating margin was -25.8%, net loss $1.4M (28.8% of revenue).
TruGolf Holdings, Q1 2026: revenue $5.0M (-7% year over year), operating margin -25.8%, net loss $1.4M, operating cash flow −$122K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | -1% | -7% |
| Operating profit | −$1.3M | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | −$122K | -144% | — |
What changed
Revenue was $5.0M in Q1 2026, down 7% year over year and down 1% from the previous quarter. Golf Simulatorsm was the largest line at 73% of revenue. Golf Simulatorsm lost $228K year over year (down 6%), 62% of the total change.
Gross margin was 53.4%, down 10.3 points from Q1 2025. Operating costs exceeded revenue by $1.3M, an operating margin of -25.8%. Operating expenses fell 15% while revenue fell 7%. The fastest-growing cost line was SG&A (+17%). The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $2.0M loss.
Operating cash flow was −$122K. Non-cash charges added back $492K of depreciation and amortization. Working capital and other items added $833K. Capital expenditures of $78K exceeded it, leaving free cash flow of −$200K.
Questions
What was TruGolf Holdings' revenue in the first quarter 2026?
TruGolf Holdings (TRUG) reported revenue of $5.0M for the first quarter 2026 (Q1 2026), -7% from a year earlier and -1% from the quarter before.
Was TruGolf Holdings profitable in the first quarter 2026?
Operating loss was $1.3M (-25.8% of revenue) and net loss $1.4M.
Source: TruGolf Holdings 10-Q on SEC EDGAR.