TruGolf Holdings (TRUG) Gross Margin (2023 - 2026)
TruGolf Holdings (TRUG) posted quarterly Gross Margin of 53.44% for Q1 2026, down 1219.0% year-over-year from 4.78% in Q1 2025, and up 147.06% quarter-over-quarter from 21.63% in Q4 2025.
TruGolf Holdings (TRUG) Gross Margin (2023 - 2026) Analysis & Trends
TruGolf Holdings' Gross Margin history runs 4 years deep, the most recent figure standing at 53.44% for Q1 2026.
- In Q1 2026, Gross Margin fell 1219.0% year-over-year to 53.44%; the TTM figure through Mar 2026 stood at 46.13% (down 2019.0% YoY), while the FY2025 annual figure was 50.42%, down 1480.0% from the prior year.
- Gross Margin for Q1 2026 stood at 53.44%, up from 21.63% in the prior quarter.
- The five-year high for Gross Margin was 77.54% in Q1 2023, with the low at 21.63% in Q4 2025.
- The 4-year median for Gross Margin is 66.43% (2024), against an average of 60.88%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin soared 201 bps in 2024, then sank 4236 bps in 2025.
- TruGolf Holdings' Gross Margin stood at 67.14% in 2023, then declined by 5 bps to 63.99% in 2024, then slumped by 66 bps to 21.63% in 2025, then jumped by 147 bps to 53.44% in 2026.
- Business Quant data shows TRUG's Gross Margin at 53.44% in Q1 2026, 21.63% in Q4 2025, and 69.35% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amer Sports | 18.61 Bn | 17.92 Bn | 1.17 Bn | 59.90% |
| 2 | Hasbro | 13.64 Bn | 12.26 Bn | 867.20 Mn | 76.10% |
| 3 | Life Time Group Holdings | 9.88 Bn | 9.65 Bn | 412.26 Mn | 47.61% |
| 4 | Acushnet Holdings | 5.40 Bn | 5.33 Bn | 445.83 Mn | 54.37% |
| 5 | Mattel | 4.25 Bn | 3.73 Bn | 542.12 Mn | 48.17% |
| 6 | Planet Fitness | 3.74 Bn | 3.34 Bn | 300.73 Mn | 82.34% |
| 7 | YETI Holdings | 3.58 Bn | 3.52 Bn | 322.52 Mn | 66.66% |
| 8 | Callaway Golf | 3.01 Bn | 2.73 Bn | 306.70 Mn | 50.10% |
| 9 | Onespaworld Holdings | 2.75 Bn | 2.70 Bn | 84.35 Mn | 32.29% |
| 10 | TruGolf Holdings | 467,449.01 | -10.47 Mn | 2.68 Mn | 53.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 53.44% |
| Dec 31, 2025 | 21.63% |
| Sep 30, 2025 | 69.35% |
| Jun 30, 2025 | 44.35% |
| Mar 31, 2025 | 65.63% |
| Dec 31, 2024 | 63.99% |
| Sep 30, 2024 | 69.15% |
| Jun 30, 2024 | 66.43% |
| Sep 30, 2023 | 67.14% |
| Jun 30, 2023 | 71.06% |
| Mar 31, 2023 | 77.54% |