Filing Flows › Comparisons › TRUG vs BWMG
TruGolf Holdings vs Brownie's Marine Group: TRUG and BWMG compared
TruGolf Holdings is the larger company: $5.8M of revenue in its latest quarter (Q2 2026) against $2.6M for Brownie's Marine Group (Q3 2026). TruGolf Holdings is growing faster (+34% against +28% a year earlier). Brownie's Marine Group is more profitable, with an operating margin of 11.8% against -3.8%.
Where the money goes: TRUG and BWMG
TruGolf Holdings (TRUG) · Q2 2026
TruGolf Holdings, Q2 2026: revenue $5.8M (+34% year over year), operating margin -3.8%, net loss $448K, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
Brownie's Marine Group (BWMG) · Q3 2026
Brownie's Marine Group, Q3 2026: revenue $2.6M (+28% year over year), operating margin 11.8%, net earnings $660K, operating cash flow $178K. The chart follows the revenue to costs, profit and cash.
| TruGolf Holdings (TRUG) | Brownie's Marine Group (BWMG) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $5.8M | $2.6M |
| Revenue growth, Y/Y | +34% | +28% |
| Gross margin | — | 51.6% |
| Operating margin | -3.8% | 11.8% |
| Net earnings | −$448K | $660K |
| Net margin | -7.7% | 25.0% |
| Operating cash flow | −$1.3M | $178K |
Where the revenue comes from
TruGolf Holdings
- Content Software Subscriptions: $2.8M (49%)
- Golf Simulatorsm: $2.7M (47%)
- Other Revenue: $179K (3%)
- Franchise Revenue: $75K (1%)
Questions
Which is bigger, TruGolf Holdings or Brownie's Marine Group?
TruGolf Holdings is the larger company: $5.8M of revenue in its latest quarter (Q2 2026) against $2.6M for Brownie's Marine Group (Q3 2026).
Is TruGolf Holdings or Brownie's Marine Group growing faster?
TruGolf Holdings is growing faster (+34% against +28% a year earlier).
Which is more profitable, TruGolf Holdings or Brownie's Marine Group?
Brownie's Marine Group is more profitable, with an operating margin of 11.8% against -3.8%.
More: TruGolf Holdings earnings · how TruGolf Holdings makes money · Brownie's Marine Group earnings · how Brownie's Marine Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.