Tearsheet

TruGolf (TRUG)


Market Price (12/26/2025): $0.8001 | Market Cap: $1.2 Mil
Sector: Consumer Discretionary | Industry: Leisure Facilities

TruGolf (TRUG)


Market Price (12/26/2025): $0.8001
Market Cap: $1.2 Mil
Sector: Consumer Discretionary
Industry: Leisure Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -556%
Weak multi-year price returns
2Y Excs Rtn is -147%, 3Y Excs Rtn is -181%
Penny stock
Mkt Price is 0.8
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 36%
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -5.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -27%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -72%
  Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -34%
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Digital Content & Streaming. Themes include Travel & Leisure Tech, and Gaming Content & Platforms.
  Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -56%
4   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1509%
5   High stock price volatility
Vol 12M is 4185%
6   Key risks
TRUG key risks include [1] its precarious financial solvency and an immediate Nasdaq delisting threat and [2] persistent operational hurdles that have hampered revenue growth.
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -556%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 36%
2 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -72%
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Digital Content & Streaming. Themes include Travel & Leisure Tech, and Gaming Content & Platforms.
4 Weak multi-year price returns
2Y Excs Rtn is -147%, 3Y Excs Rtn is -181%
5 Penny stock
Mkt Price is 0.8
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -5.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -27%
7 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -34%
8 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -56%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1509%
10 High stock price volatility
Vol 12M is 4185%
11 Key risks
TRUG key risks include [1] its precarious financial solvency and an immediate Nasdaq delisting threat and [2] persistent operational hurdles that have hampered revenue growth.

Valuation, Metrics & Events

TRUG Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

For the public company TruGolf (TRUG), the approximate time period from August 31, 2025, to December 26, 2025, saw a significant decline in its stock price, driven by several key factors: **1. Significant Net Loss and Revenue Decline in Q3 2025**

TruGolf reported a substantial net loss of $(7.28) million for the third quarter of 2025, which was heavily influenced by a $6.14 million non-cash loss on the extinguishment of debt. Additionally, the company's revenue for Q3 2025 decreased to $4.11 million, down from $6.24 million in the prior year, indicating a weakening financial performance. **2. Share Dilution from Offering by Selling Stockholders**

An announcement on August 29, 2025, just before the start of the specified period, indicated that TruGolf Holdings (TRUG) had filed for an offering of up to 2,777,500 shares by selling stockholders. This potential increase in the supply of shares in the market could have led to dilution and contributed to downward pressure on the stock price. **3. All-Time Low Stock Price and Negative Investor Sentiment**

The stock reached an all-time low of $0.8055 on November 19, 2025, reflecting extremely low investor confidence. This negative sentiment was further highlighted by a recent 88.39% increase in short interest, suggesting that a growing number of investors were betting against the stock, which can exacerbate price declines. **4. Widening Net Losses in Q2 2025**

Although reported prior to the exact start of the requested period, TruGolf's financial results for the second quarter of 2025 revealed widening net losses, increasing to ($3.3) million from ($1.6) million year-over-year. This established a negative financial context that likely continued to impact investor perception and the stock's performance in the latter half of the year. **5. Overall Poor Stock Performance Trend and Cautious Analyst Outlook**

TruGolf's stock exhibited a substantial overall decline, with reports indicating a decrease of 97.81% over the past year and 96.03% over the last year. The consensus analyst rating for TruGolf was "Hold," with a limited number of research reports and a mix of ratings (one buy, one hold, one sell), suggesting a cautious and somewhat negative outlook from the market. Show more

Stock Movement Drivers

Fundamental Drivers

The -67.7% change in TRUG stock from 9/25/2025 to 12/25/2025 was primarily driven by a -68.7% change in the company's Shares Outstanding (Mil).
925202512252025Change
Stock Price ($)2.630.85-67.71%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)22.6720.54-9.40%
P/S Multiple0.100.06-39.89%
Shares Outstanding (Mil)0.891.50-68.66%
Cumulative Contribution-82.93%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025
ReturnCorrelation
TRUG-67.7% 
Market (SPY)4.9%16.3%
Sector (XLY)3.8%18.0%

Fundamental Drivers

The -86.6% change in TRUG stock from 6/26/2025 to 12/25/2025 was primarily driven by a -147.8% change in the company's Shares Outstanding (Mil).
626202512252025Change
Stock Price ($)6.340.85-86.61%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)22.2420.54-7.61%
P/S Multiple0.170.06-64.08%
Shares Outstanding (Mil)0.601.50-147.76%
Cumulative Contribution-115.85%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025
ReturnCorrelation
TRUG-86.6% 
Market (SPY)13.1%18.2%
Sector (XLY)14.2%17.0%

Fundamental Drivers

The -96.1% change in TRUG stock from 12/25/2024 to 12/25/2025 was primarily driven by a -458.8% change in the company's Shares Outstanding (Mil).
1225202412252025Change
Stock Price ($)22.000.85-96.14%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)15.1220.5435.85%
P/S Multiple0.390.06-84.12%
Shares Outstanding (Mil)0.271.50-458.79%
Cumulative Contribution-177.39%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025
ReturnCorrelation
TRUG-96.1% 
Market (SPY)15.8%5.3%
Sector (XLY)5.3%8.6%

Fundamental Drivers

null
null

Market Drivers

12/26/2023 to 12/25/2025
ReturnCorrelation
TRUG-99.9% 
Market (SPY)48.3%4.7%
Sector (XLY)38.1%6.8%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
TRUG Return--0%8%10%-94%-97%-100%
Peers Return�����-15%�
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
TRUG Win Rate-0%58%58%33%0% 
Peers Win Rate�����32% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
TRUG Max Drawdown--0%0%-4%-97%-100% 
Peers Max Drawdown�����-36% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: FUN, NOMA, AS, PLNT, LTH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventTRUGS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-8.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven9.6%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to FUN, NOMA, AS, PLNT, LTH

In The Past

TruGolf's stock fell -8.8% during the 2022 Inflation Shock from a high on 7/19/2023. A -8.8% loss requires a 9.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About TruGolf (TRUG)

Trugolf, Inc. develops and provides golf indoor simulators for home and business. The company was founded in 1982 and is based in Centerville, Utah.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe TruGolf (TRUG):

  • Peloton for golfers
  • Topgolf's immersive experience, but as a product you own

AI Analysis | Feedback

  • Golf Simulators: Integrated hardware and software systems designed for indoor golf, providing immersive virtual golfing experiences.
  • E6 CONNECT Software: A proprietary golf simulation platform offering a vast library of courses, practice facilities, and engaging game modes for their simulators.

AI Analysis | Feedback

TruGolf (symbol: TRUG) serves a diverse customer base, including both businesses and individual consumers. According to its annual filings (10-K), the company's major customers fall into the following categories:

  • Golf Facilities: This category encompasses a wide range of commercial golf operations such as private and public golf courses, indoor golf centers, driving ranges, and pro shops. These facilities utilize TruGolf simulators for practice, coaching, lessons, and entertainment purposes.
  • Entertainment Venues: Businesses like resorts, family entertainment centers, sports bars, and other hospitality or leisure establishments that integrate golf simulation as an attraction or amenity to enhance their offerings for patrons.
  • Multi-family Housing Developers: Companies involved in the development of apartment complexes, condominiums, and luxury residential communities often install golf simulators as a high-end amenity to attract and serve their residents.
  • Individual Consumers: Affluent individuals who purchase and install high-fidelity golf simulators for personal use in their homes, primarily for recreation, game improvement, and entertainment.

AI Analysis | Feedback

null

AI Analysis | Feedback

Chris Jones, Chief Executive Officer

Chris Jones has served as CEO of TruGolf since January 2005 and is also the company's co-founder. He has extensive experience in the gaming industry, including his current role as President of Big Finish Games since 2009. Prior to TruGolf, he was Lead Planner at Microsoft from 1999 to 2004 and Chief Financial Officer at Access Software from 1983 to 1999. TruGolf itself was spun off from Access Software in 1999 after Microsoft acquired the PC side of Access Software.

Lindsay Jones, Chief Financial Officer

Lindsay Jones is the Chief Financial Officer of TruGolf Holdings, Inc. He is an experienced financial executive with a strong background in accounting and finance. Prior to joining TruGolf, Lindsay served as Chief Financial Officer and Executive Vice President at Xevant and also held the CFO position at Innovative Labs. He also worked as a Consultant and Outsourced Chief Financial Officer at NOW CFO and founded Cascata Packaging, where he also served as CFO. He was primarily responsible for navigating TruGolf through its SPAC-merger, which was completed in January 2024.

Brenner Adams, Chief Growth Officer

Brenner Adams serves as the Chief Growth Officer for TruGolf Holdings, Inc. In this role, he is responsible for spearheading the company's strategic growth initiatives, identifying new market opportunities, and driving revenue expansion.

Nathan E. Larsen, Chief Experience Officer

Nate Larsen has been the Chief Experience Officer for TruGolf, Inc. since October 2021. He has significant experience in the software and gaming industries, having previously served as Creative Director and Director of Business Development for Take Two Interactive / Indie Built Studio, which developed games for Xbox and PlayStation 2. He was also a Creative Director for Microsoft Corp. in its Xbox Games development division, and an artist, animator, and art director for Access Software.

Shaun B. Limbers, Director and Executive Vice President

Shaun B. Limbers holds the position of Director and Executive Vice President at TruGolf Holdings, Inc. In this role, he is a key contributor to the company's strategic leadership and operational management, involved in driving initiatives and overseeing various business functions.

AI Analysis | Feedback

The key risks to TruGolf (TRUG) include its precarious financial solvency and liquidity, intense competitive pressures within the golf technology market, and ongoing operational hurdles.

  1. Financial Solvency and Liquidity / Delisting Risk: TruGolf faces significant financial challenges, including persistent net losses, negative shareholder equity, and negative cash flow from operations, which make the company highly dependent on external financing. The company has received a delist determination letter from Nasdaq due to its failure to maintain stockholders' equity, market value of publicly held shares, and minimum bid price per share, posing an immediate threat to its status as a publicly traded company.
  2. Competitive Pressures and Market Dependence: TruGolf operates in a highly competitive golf technology sector, contending with established rivals such as TrackMan, Foresight Sports, and Full Swing Golf. There is a continuous risk that competitors will introduce more advanced technology, potentially diminishing the competitiveness of TruGolf's products. Furthermore, the company's dependence on the golf simulation market exposes it to vulnerabilities from economic downturns and shifts in consumer preferences, with macroeconomic factors already contributing to a slowdown in discretionary spending on golf simulators.
  3. Operational Hurdles: TruGolf has experienced operational challenges, including persistent supply chain issues and delays in product launches, which have hampered revenue growth. High operating expenses continue to negatively impact the company's profit margins. Historically, the company struggled with logistics, leading to delayed and lost shipments, though some improvements have been made in this area.

AI Analysis | Feedback

The proliferation and increasing sophistication of affordable, portable golf launch monitors (e.g., Garmin Approach R10, Rapsodo MLM2PRO, FlightScope Mevo+). These devices offer robust ball data tracking and integrate with golf simulation software, providing a significant portion of the golf simulation experience at a fraction of the cost and space required by TruGolf's full simulator systems. This trend could erode demand for TruGolf's entry-to-mid-range hardware offerings by providing a highly cost-effective alternative for golfers seeking at-home practice and virtual play.

AI Analysis | Feedback

TruGolf (TRUG) primarily offers golf simulators and launch monitors, along with associated software and accessories such as MultiSport ARCADE. The addressable markets for these main products and services can be identified within the broader golf simulator and indoor golf equipment markets.

Golf Simulator Market

  • The global golf simulator market was estimated at approximately USD 2 billion in 2024 and is projected to reach around USD 6.1 billion by 2034, growing at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2034. Other sources estimate the global market at USD 2.4 billion in 2024, growing to USD 6.1 billion by 2034 with a CAGR of 9.8%, or USD 1.74 billion in 2024, reaching USD 2.90 billion by 2030 with a CAGR of 9.4%.
  • In the U.S., the golf simulator market was valued at USD 1.0 billion in 2024 and is expected to grow at a CAGR of 8.4%. Another estimate places the U.S. market at USD 888.89 million in 2024, projected to reach USD 1,867.74 million by 2033 with an 8.6% CAGR. The U.S. market accounted for 39.0% of the global golf simulator market in 2024.
  • North America, which includes the U.S., held a dominant market position with a 41.8% share of the global market in 2024, generating USD 1.0 billion in revenue. The North America golf simulators market size was valued at USD 943.34 million in 2024 and is projected to reach USD 1917.41 million by 2033 at a CAGR of 8.2%.

Indoor Golf Equipment Market

  • The global indoor golf equipment market was valued at USD 1.03 billion in 2024 and is expected to reach USD 2.43 billion by 2033, expanding at a CAGR of 9.8% from 2025 to 2033.
  • Another estimate for the global indoor golf equipment market projects it to reach USD 1,889.8 million by 2030, growing at a CAGR of 11.3% from 2023 to 2030.

AI Analysis | Feedback

TruGolf (TRUG) is anticipating future revenue growth over the next two to three years, driven by several strategic initiatives and product innovations:

  1. Expansion of the TruGolf Links Franchise Model: TruGolf is actively growing its presence through the TruGolf Links franchise model. The first franchise location opened in Illinois in July 2025, and the company plans to establish over 160 units across four states. This strategy includes both single-unit and regional developer territories, aiming to diversify revenue streams beyond direct hardware sales through franchise fees and recurring royalties.
  2. Launch of New Products and Software Innovations: The company is focused on introducing new hardware and enhancing its software offerings. The LaunchBox, a portable launch monitor, was globally released in July 2025, marking TruGolf's entry into the portable simulator market. Sales growth has also been fueled by new games for its Multisport Arcade and the introduction of E6 APEX Course play, which features enhanced visuals, refined physics, and an extensive library of golf courses. The APOGEE launch monitor, a camera-based system, is another key product designed to deliver precise club and ball data.
  3. International and Domestic Market Expansion: TruGolf is working to broaden its market reach by increasing its sales force and expanding international programs, particularly in EMEA and Asia, including a joint venture in China. Domestically, the company is targeting urban areas for simulator setups to capitalize on the increasing popularity of indoor golf, especially where outdoor courses are less accessible.
  4. Technological Advancements and AI Integration: A significant driver is TruGolf's commitment to leveraging artificial intelligence to improve product performance and accuracy. The company has integrated an AI engine, co-developed with mlSpatial, into its APOGEE launch monitor to enhance 9-axis spin accuracy. TruGolf's overarching mission is to make golf more "Available, Approachable, and Affordable" through continuous technological innovation, including advanced AI, image and spatial analysis, and gamified improvement plans.

AI Analysis | Feedback

Share Repurchases

  • TruGolf Holdings, Inc. authorized a stock repurchase program of up to $2 million of its Class A common stock on May 29, 2025. This program will conclude upon the expenditure of the $2 million, or when terminated or completed.

Share Issuance

  • The company became publicly traded in February 2024 following a business combination with Deep Medicine Acquisition Corp.
  • TruGolf entered into an Equity Purchase Facility Agreement in May 2025, allowing it the right to sell up to $20 million of its Class A common stock to an institutional investor, subject to stockholder approval.
  • The company raised $9.55 million by issuing senior convertible notes and warrants to PIPE Investors ($4.65 million initially and an additional $4.9 million).
  • A 1-for-50 reverse stock split was implemented in June 2025.

Inbound Investments

  • TruGolf became a public company in February 2024 through a merger with Deep Medicine Acquisition Corp.
  • The company secured $9.55 million in capital through a securities purchase agreement with PIPE Investors, involving the issuance of senior convertible notes and warrants.
  • In May 2025, TruGolf Holdings entered an Equity Purchase Facility Agreement, which provides the option to sell up to $20 million of Class A common stock to an institutional investor, pending stockholder approval.

Outbound Investments

  • TruGolf acquired mlSpatial in June 2025.

Capital Expenditures

  • TruGolf Holdings reported quarterly capital expenditures of $1.3 million for June 2025.

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select ideas related to TRUG. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE11302025BBWIBath & Body WorksDip BuyDB | Insider Buys | Low D/EDip Buy with Strong Insider Buying
Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
13.3%13.3%0.0%
HRB_11262025_Dip_Buyer_FCFYield11262025HRBH&R BlockDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.3%5.3%-0.1%
LRN_11262025_Dip_Buyer_FCFYield11262025LRNStrideDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.4%3.4%-4.4%
ABNB_11212025_Dip_Buyer_FCFYield11212025ABNBAirbnbDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.7%19.7%0.0%
MTN_11212025_Dip_Buyer_FCFYield11212025MTNVail ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.8%1.8%-1.6%

Recent Active Movers

More From Trefis

Peer Comparisons for TruGolf

Peers to compare with:

Financials

TRUGFUNNOMAASPLNTLTHMedian
NameTruGolf Six Flag.Nomadar Amer Spo.Planet F.Life Time 
Mkt Price0.8514.355.8637.84109.9526.7020.52
Mkt Cap0.01.4-21.09.25.95.9
Rev LTM213,13816,1011,2882,9132,101
Op Inc LTM-5248-1679378439313
FCF LTM-12-169-2-20371-2
FCF 3Y Avg-622--198-828
CFO LTM-9333-2-358794333
CFO 3Y Avg-4353--344581349

Growth & Margins

TRUGFUNNOMAASPLNTLTHMedian
NameTruGolf Six Flag.Nomadar Amer Spo.Planet F.Life Time 
Rev Chg LTM35.8%31.1%-25.1%14.4%15.8%25.1%
Rev Chg 3Y Avg-21.3%--15.7%19.5%19.5%
Rev Chg Q-34.2%-2.3%-29.7%13.0%12.9%12.9%
QoQ Delta Rev Chg LTM-9.4%-1.0%74.5%7.1%3.0%3.2%3.1%
Op Mgn LTM-26.6%7.9%-153.7%11.1%29.4%15.1%9.5%
Op Mgn 3Y Avg-22.1%13.9%-9.0%27.1%12.7%12.7%
QoQ Delta Op Mgn LTM-11.3%3.5%153.1%0.1%1.2%1.0%1.1%
CFO/Rev LTM-44.0%10.6%-205.0%-27.8%27.2%10.6%
CFO/Rev 3Y Avg-18.5%15.2%--29.8%22.6%18.9%
FCF/Rev LTM-56.2%-5.4%-205.0%-15.7%2.4%-5.4%
FCF/Rev 3Y Avg-27.1%2.0%--17.1%-4.1%-1.1%

Valuation

TRUGFUNNOMAASPLNTLTHMedian
NameTruGolf Six Flag.Nomadar Amer Spo.Planet F.Life Time 
Mkt Cap0.01.4-21.09.25.95.9
P/S0.10.5-3.47.12.02.0
P/EBIT-0.1-1.1-33.422.713.413.4
P/E-0.1-0.8-67.644.620.420.4
P/CFO-0.14.4--25.67.45.9
Total Yield-1,505.3%-118.9%-1.5%2.2%4.9%1.5%
Dividend Yield0.0%0.0%-0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-37.2%---3.3%-3.1%-3.1%
D/E3.43.6-0.10.30.70.7
Net D/E-5.63.6-0.10.20.70.2

Returns

TRUGFUNNOMAASPLNTLTHMedian
NameTruGolf Six Flag.Nomadar Amer Spo.Planet F.Life Time 
1M Rtn-30.4%-2.2%-19.6%3.4%-1.5%-3.1%-2.6%
3M Rtn-67.7%-31.9%-10.4%6.3%-3.5%-3.5%
6M Rtn-86.6%-53.2%--0.0%1.9%-10.3%-10.3%
12M Rtn-96.1%-70.8%-31.5%8.8%20.4%8.8%
3Y Rtn-99.8%---38.9%120.3%38.9%
1M Excs Rtn-26.2%-4.0%-30.7%1.6%-2.4%-1.2%-3.2%
3M Excs Rtn-72.7%-36.8%-5.4%1.4%-8.5%-8.5%
6M Excs Rtn-99.5%-66.0%--12.9%-11.0%-23.2%-23.2%
12M Excs Rtn-112.9%-87.4%-17.4%-6.1%2.8%-6.1%
3Y Excs Rtn-181.4%----35.5%39.3%-35.5%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023
Manufacturing and sales of indoor golf simulators21 
Single Segment 21
Total2121


Price Behavior

Price Behavior
Market Price$0.85 
Market Cap ($ Bil)0.0 
First Trading Date12/02/2021 
Distance from 52W High-98.0% 
   50 Days200 Days
DMA Price$1.54$7.03
DMA Trenddowndown
Distance from DMA-44.8%-87.9%
 3M1YR
Volatility127.8%4,218.6%
Downside Capture439.02340.30
Upside Capture-182.96-30.76
Correlation (SPY)15.3%5.4%
TRUG Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta2.382.062.3361.2711.236.19
Up Beta4.113.724.31157.369.107.05
Down Beta-12.620.820.681.541.471.25
Up Capture53%-10%-73%-65%-18%-3%
Bmk +ve Days13263974142427
Stock +ve Days918244892253
Down Capture593%361%418%359%159%111%
Bmk -ve Days7162452107323
Stock -ve Days10233876154341

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
null
Based On 5-Year Data
null
Based On 10-Year Data
null

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity101,416
Short Interest: % Change Since 11302025-12.5%
Average Daily Volume151,756
Days-to-Cover Short Interest1
Basic Shares Quantity1,495,411
Short % of Basic Shares6.8%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/19/202525.6%21.7%-1.2%
SUMMARY STATS   
# Positive110
# Negative001
Median Positive25.6%21.7% 
Median Negative  -1.2%
Max Positive25.6%21.7% 
Max Negative  -1.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251114202510-Q 9/30/2025
6302025819202510-Q 6/30/2025
3312025515202510-Q 3/31/2025
12312024415202510-K 12/31/2024
93020241114202410-Q 9/30/2024
6302024821202410-Q 6/30/2024
3312024814202410-Q 3/31/2024
12312023214202410-Q 12/31/2023
63020239192023S-4/A 6/30/2023
1231202212292023424B3 12/31/2022