TRUG: Trugolf Holdings Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Trugolf Holdings Inc (TRUG).

OverviewDividends

$7.98M Market Cap.

As of 06/24/2025 5:00 PM ET (MRY) • Disclaimer

TRUG Market Cap. (MRY)


TRUG Shares Outstanding (MRY)


TRUG Assets (MRY)


Total Assets

$17.14M

Total Liabilities

$21.78M

Total Investments

$0

TRUG Income (MRY)


Revenue

$21.86M

Net Income

-$8.80M

Operating Expense

$16.69M

TRUG Cash Flow (MRY)


CF Operations

-$4.00M

CF Investing

$741.14K

CF Financing

$8.74M

TRUG Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$17,142,196 (8.70%)

$15,769,560 (8.11%)

$14,586,384 (-2.02%)

$14,887,636

Assets Current

$14,792,931 (16.88%)

$12,656,606 (-7.53%)

$13,687,971 (-5.86%)

$14,540,607

Assets Non-Current

$2,349,265 (-24.53%)

$3,112,954 (246.49%)

$898,413 (158.89%)

$347,029

Goodwill & Intangible Assets

$1,540,121 (0%)

$0 (0%)

$0 (0%)

$0

Shareholders Equity

-$4,640,781 (-18.46%)

-$3,917,728 (-14.19%)

-$3,430,759 (-8.71%)

-$3,155,874

Property Plant & Equipment Net

$778,121 (-35.53%)

$1,206,971 (34.34%)

$898,413 (158.89%)

$347,029

Cash & Equivalents

$10,882,077 (101.61%)

$5,397,564 (-44.10%)

$9,656,266 (-9.83%)

$10,708,677

Accumulated Other Comprehensive Income

$0 (0%)

-$1,662 (0%)

$0 (0%)

$0

Deferred Revenue

$3,113,010 (82.66%)

$1,704,224 (0%)

$0 (0%)

$0

Total Investments

$0 (0%)

$2,478,953 (0%)

$0 (0%)

$0

Investments Current

$0 (0%)

$2,478,953 (0%)

$0 (0%)

$0

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0

Inventory

$2,349,345 (10.87%)

$2,119,084 (-0.11%)

$2,121,480 (14.31%)

$1,855,865

Trade & Non-Trade Receivables

$1,399,153 (-41.67%)

$2,398,872 (37.50%)

$1,744,637 (16.29%)

$1,500,282

Trade & Non-Trade Payables

$2,819,703 (36.89%)

$2,059,771 (40.76%)

$1,463,337 (116.07%)

$677,253

Accumulated Retained Earnings (Deficit)

-$21,155,496 (-71.18%)

-$12,358,924 (-495.38%)

-$2,075,815 (-85.51%)

-$1,118,974

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0

Total Debt

$12,781,472 (-1.23%)

$12,940,656 (9.91%)

$11,773,899 (-9.97%)

$13,078,362

Debt Current

$7,773,662 (55.95%)

$4,984,722 (130.10%)

$2,166,319 (48.56%)

$1,458,196

Debt Non-Current

$5,007,810 (-37.06%)

$7,955,934 (-17.19%)

$9,607,580 (-17.32%)

$11,620,166

Total Liabilities

$21,782,978 (10.64%)

$19,687,288 (9.27%)

$18,017,143 (-0.15%)

$18,043,510

Liabilities Current

$15,775,168 (47.87%)

$10,668,339 (43.98%)

$7,409,563 (36.62%)

$5,423,344

Liabilities Non-Current

$6,007,810 (-33.39%)

$9,018,949 (-14.98%)

$10,607,580 (-15.95%)

$12,620,166

TRUG Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$21,858,864 (6.19%)

$20,583,851 (1.76%)

$20,227,331 (-4.79%)

$21,245,846

Cost of Revenue

$7,271,512 (-7.08%)

$7,825,768 (11.50%)

$7,018,378 (33.39%)

$5,261,548

Selling General & Administrative Expense

$15,984,099 (-22.81%)

$20,708,655 (73.65%)

$11,925,608 (30.24%)

$9,156,745

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0

Operating Expenses

$16,690,313 (-22.07%)

$21,418,295 (71.67%)

$12,476,571 (28.96%)

$9,674,910

Interest Expense

$6,932,618 (300.52%)

$1,730,908 (8.92%)

$1,589,223 (85.98%)

$854,534

Income Tax Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0

Consolidated Income

-$8,795,419 (14.47%)

-$10,283,109 (-974.69%)

-$956,841 (-115.46%)

$6,190,554

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0

Net Income

-$8,795,419 (14.47%)

-$10,283,109 (-974.69%)

-$956,841 (-115.46%)

$6,190,554

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0

Net Income Common Stock

-$8,795,419 (14.47%)

-$10,283,109 (-974.69%)

-$956,841 (-115.46%)

$6,190,554

Weighted Average Shares

$232,695 (96856.25%)

$240 (6.19%)

$226 (0.00%)

$226

Weighted Average Shares Diluted

$232,695 (96856.25%)

$240 (6.19%)

$226 (0.00%)

$226

Earning Before Interest & Taxes (EBIT)

-$1,862,801 (78.22%)

-$8,552,201 (-1452.38%)

$632,382 (-91.02%)

$7,045,088

Gross Profit

$14,587,352 (14.34%)

$12,758,083 (-3.41%)

$13,208,953 (-17.36%)

$15,984,298

Operating Income

-$2,102,961 (75.72%)

-$8,660,212 (-1282.47%)

$732,382 (-88.39%)

$6,309,388

TRUG Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$741,143 (128.28%)

-$2,620,558 (-6225.27%)

-$41,430 (-80.17%)

-$22,995

Net Cash Flow from Financing

$8,738,976 (94.41%)

$4,495,077 (349.33%)

-$1,802,860 (-122.45%)

-$810,447

Net Cash Flow from Operations

-$3,995,606 (34.85%)

-$6,133,221 (-874.51%)

$791,879 (-82.47%)

$4,518,306

Net Cash Flow / Change in Cash & Cash Equivalents

$5,484,513 (228.78%)

-$4,258,702 (-304.66%)

-$1,052,411 (-128.56%)

$3,684,864

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0

Net Cash Flow - Investment Acquisitions and Disposals

$2,478,953 (199.43%)

-$2,493,145 (0%)

$0 (0%)

$0

Capital Expenditure

-$1,737,810 (-1263.92%)

-$127,413 (-207.54%)

-$41,430 (-80.17%)

-$22,995

Issuance (Repayment) of Debt Securities

$8,377,598 (88.05%)

$4,454,927 (2635.67%)

$162,846 (148.98%)

-$332,470

Issuance (Purchase) of Equity Shares

$2,112,560 (0%)

$0 (0%)

$0 (0%)

-$65,000

Payment of Dividends & Other Cash Distributions

$0 (0%)

$40,150 (102.04%)

-$1,965,706 (-375.98%)

-$412,977

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0

Share Based Compensation

$658,282 (-88.79%)

$5,872,529 (0%)

$0 (0%)

$0

Depreciation Amortization & Accretion

$639,836 (79.30%)

$356,849 (57.76%)

$226,202 (20.68%)

$187,444

TRUG Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

66.70% (7.58%)

62.00% (-5.05%)

65.30% (-13.16%)

75.20%

Profit Margin

-40.20% (19.60%)

-50.00% (-963.83%)

-4.70% (-116.15%)

29.10%

EBITDA Margin

-5.60% (85.93%)

-39.80% (-1047.62%)

4.20% (-87.65%)

34.00%

Return on Average Equity (ROAE)

102.10% (-47.15%)

193.20% (691.80%)

24.40%

-

Return on Average Assets (ROAA)

-55.20% (21.92%)

-70.70% (-6970.00%)

-1.00%

-

Return on Sales (ROS)

-8.50% (79.52%)

-41.50% (-1438.71%)

3.10% (-90.66%)

33.20%

Return on Invested Capital (ROIC)

-24.60% (63.34%)

-67.10% (-11283.33%)

0.60%

-

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0%

Price to Earnings Ratio (P/E)

-0.88 (-6207.14%)

-0.01 (88.89%)

-0.13 (-800.00%)

0.02

Price to Sales Ratio (P/S)

0.36 (5000.00%)

0.01 (16.67%)

0.01 (20.00%)

0.01

Price to Book Ratio (P/B)

-1.72 (86.73%)

-12.96 (74.52%)

-50.87 (0.52%)

-51.13

Debt to Equity Ratio (D/E)

-4.69 (6.59%)

-5.03 (4.32%)

-5.25 (8.13%)

-5.72

Earnings Per Share (EPS)

-38 (99.91%)

-42,867.5 (-913.18%)

-4,231 (-115.46%)

27,372.5

Sales Per Share (SPS)

93.94 (-99.89%)

85,808.95 (-4.06%)

89,438.15 (-4.79%)

93,941.66

Free Cash Flow Per Share (FCFPS)

-24.64 (99.91%)

-26,099.03 (-886.54%)

3,318.22 (-83.31%)

19,876.69

Book Value Per Share (BVPS)

-19.94 (99.88%)

-16,332.03 (-7.66%)

-15,169.61 (-8.71%)

-13,954.17

Tangible Assets Book Value Per Share (TABVPS)

67.05 (-99.90%)

65,739.37 (1.93%)

64,495.86 (-2.02%)

65,827.89

Enterprise Value Over EBIT (EV/EBIT)

-8 (-14.29%)

-7 (-102.54%)

276 (1100.00%)

23

Enterprise Value Over EBITDA (EV/EBITDA)

-12.45 (-64.66%)

-7.56 (-103.72%)

203.25 (809.96%)

22.34

Asset Turnover

1.37 (-3.04%)

1.42 (600.50%)

0.2

-

Current Ratio

0.94 (-20.91%)

1.19 (-35.79%)

1.85 (-31.11%)

2.68

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0

Free Cash Flow (FCF)

-$5,733,416 (8.42%)

-$6,260,634 (-934.25%)

$750,449 (-83.31%)

$4,495,311

Enterprise Value (EV)

$15,221,669 (-75.43%)

$61,947,363 (-64.50%)

$174,505,911 (8.02%)

$161,547,653

Earnings Before Tax (EBT)

-$8,795,419 (14.47%)

-$10,283,109 (-974.69%)

-$956,841 (-115.46%)

$6,190,554

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$1,222,965 (85.08%)

-$8,195,352 (-1054.52%)

$858,584 (-88.13%)

$7,232,532

Invested Capital

$1,726,302 (-86.35%)

$12,644,313 (36.04%)

$9,294,454 (-21.46%)

$11,833,977

Working Capital

-$982,237 (-149.40%)

$1,988,267 (-68.33%)

$6,278,408 (-31.14%)

$9,117,263

Tangible Asset Value

$15,602,075 (-1.06%)

$15,769,560 (8.11%)

$14,586,384 (-2.02%)

$14,887,636

Market Capitalization

$7,981,593 (-84.28%)

$50,770,281 (-70.91%)

$174,520,584 (8.15%)

$161,374,024

Average Equity

-$8,612,023 (-61.81%)

-$5,322,287 (-35.63%)

-$3,924,106

-

Average Assets

$15,932,620 (9.49%)

$14,551,551 (-85.50%)

$100,371,522

-

Invested Capital Average

$7,586,986 (-40.48%)

$12,747,428 (-87.04%)

$98,367,496

-

Shares

237,760 (172.79%)

87,159 (-73.48%)

328,664 (0.00%)

328,664