TruGolf Holdings, Inc.
TRUG Consumer Cyclical Leisure
In the quarter to June 2026, revenue grew 34.4%, EPS grew 92.0%, free cash flow fell 5.69% and total debt fell 14.8%, each against the same quarter a year earlier.
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TruGolf Holdings, Inc. (TRUG) Piotroski F-score
TruGolf Holdings, Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (81.60%) | (53.45%) | Fail | 0 |
| Positive operating cash flow | (1.70m) | (4.00m) | Fail | 0 |
| Rising return on assets | (81.60%) | (53.45%) | Fail | 0 |
| Cash flow above net income | 13.53m | 4.80m | Pass | 1 |
| Falling long-term leverage | 0.07 | 0.35 | Pass | 1 |
| Rising current ratio | 1.07 | 0.94 | Pass | 1 |
| No new shares issued | 29,600 | 2,300 | Fail | 0 |
| Rising gross margin | 50.42% | 65.22% | Fail | 0 |
| Rising asset turnover | 1.01 | 1.29 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| KMRK K-Tech Solutions Company Limited compare | 6 |
| NWTG Newton Golf Company, Inc. compare | 5 |
| ESYN EnerSyn Global Inc. compare | 4 |
| KBSX FST Corp. compare | 3 |
| PUSA Powerus Corporation compare | 3 |
| TRUG TruGolf Holdings, Inc. | 3 |
| DOGZ Dogness (International) Corporation compare | 2 |
| NOMA NOMADAR Corp. compare | — |
| HERE Here Group Limited compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover