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Security

DMAQU · TruGolf Holdings, Inc.

DMAQUNASDAQUnitHistorical · closed Jan 31, 2024CIK 1857086Updated Sep 24, 2026

Company: TruGolf Holdings, Inc.

Name history
Deep Medicine Acquisition Corp. · through Feb 1, 2024
Current security for this SEC filerTRUG · NASDAQ

DMAQU price & chart

Provider market data
Historical security

This listing closed Jan 31, 2024. Live provider charts are shown only for current listings.

Current security: TRUG

Financials

FY 2025 · USD
Revenue18,878,997USD · FY 2025
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

Net income-15,227,893USD · FY 2025
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

Operating income-6,102,354USD · FY 2025
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

Diluted EPS-51.39USD per share · FY 2025
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
ASSETS
AssetsUSD20,181,136
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

17,142,196
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

9,776,747
Source

10-K · 2023-05-31 · 0001493152-23-019509

As of 2023-03-31

128,953,272
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Property, Plant and Equipment, NetUSD355,499
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

143,852
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD10,469,263
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

10,882,077
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

877,099
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Accounts Receivable, after Allowance for Credit Loss, CurrentUSD1,060,709
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

1,399,153
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Inventory, NetUSD863,257
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

2,349,345
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Assets, CurrentUSD15,478,305
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

14,792,931
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

9,776,747
Source

10-K · 2023-05-31 · 0001493152-23-019509

As of 2023-03-31

128,953,272
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Operating Lease, Right-of-Use AssetUSD682,648
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

634,269
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Other Assets, NoncurrentUSD31,023
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

31,023
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

LIABILITIES AND EQUITY
LiabilitiesUSD15,880,753
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

21,782,978
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

7,222,569
Source

10-K · 2023-05-31 · 0001493152-23-019509

As of 2023-03-31

4,964,212
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Stockholders’ equity:
Additional Paid in CapitalUSD47,413,839
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

18,548,931
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Retained Earnings (Accumulated Deficit)USD-41,076,500
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

-21,155,496
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

-6,440,634
Source

10-K · 2023-05-31 · 0001493152-23-019509

As of 2023-03-31

-3,776,318
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Stockholders' Equity Attributable to ParentUSD4,300,383
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

-4,640,781
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

-6,440,256
Source

10-K · 2023-05-31 · 0001493152-23-019509

As of 2023-03-31

-3,775,940
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Liabilities and EquityUSD20,181,136
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

17,142,196
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

9,776,747
Source

10-K · 2023-05-31 · 0001493152-23-019509

As of 2023-03-31

128,953,272
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Current liabilities:
Liabilities, CurrentUSD14,401,809
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

15,775,168
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

2,795,069
Source

10-K · 2023-05-31 · 0001493152-23-019509

As of 2023-03-31

536,712
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Operating Lease, Liability, CurrentUSD502,526
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

363,102
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Accounts Payable, CurrentUSD2,767,385
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

2,819,703
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Operating Lease, Liability, NoncurrentUSD191,944
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

305,125
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Additional Financial Items
Accounts Receivable, after Allowance for Credit LossUSD1,060,709
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

1,399,153
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Accrued Liabilities, CurrentUSD866,500
Source

10-K · 2023-05-31 · 0001493152-23-019509

As of 2023-03-31

15,712
Source

10-K · 2022-06-24 · 0001264931-22-000154

As of 2022-03-31

Deferred Revenue, CurrentUSD5,560,725
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

3,113,010
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Long-term DebtUSD2,824,000
Source

10-K · 2026-04-15 · 0001493152-26-016882

As of 2025-12-31

3,561,000
Source

10-K · 2025-04-15 · 0001641172-25-004877

As of 2024-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
Changes in operating assets and liabilities:
Increase (Decrease) in Accounts ReceivableUSD-256,312
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-173,512
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Increase (Decrease) in InventoriesUSD-1,486,088
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

230,261
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Increase (Decrease) in Accounts PayableUSD-52,318
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

444,961
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Deferred Income Tax Expense (Benefit)USD3,349,600
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

Net Cash Provided by (Used in) Operating ActivitiesUSD-1,698,381
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-3,995,606
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

-1,036,436
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

-697,868
Source

10-K · 2022-06-24 · 0001264931-22-000154

2021-04-01 to 2022-03-31

Cash flows from investing activities:
Net Cash Provided by (Used in) Investing ActivitiesUSD-3,436,933
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

741,143
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

120,424,523
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

-127,765,000
Source

10-K · 2022-06-24 · 0001264931-22-000154

2021-04-01 to 2022-03-31

Payments to Acquire Property, Plant, and EquipmentUSD205,443
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

36,339
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Cash flows from financing activities:
Net Cash Provided by (Used in) Financing ActivitiesUSD6,822,500
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

8,738,976
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

-119,669,650
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD1,687,186
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

5,484,513
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

-281,563
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD108,993
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

923,975
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Additional Financial Items
Share-based Payment Arrangement, ExpenseUSD11,139
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

538,323
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Amortization of Debt Issuance Costs and DiscountsUSD359,037
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

728,278
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Capitalized Computer Software, AmortizationUSD1,137,950
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

224,648
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

DepreciationUSD38,470
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

76,794
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Gain (Loss) on InvestmentsUSD262,035
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Gain (Loss) on Extinguishment of DebtUSD-6,135,160
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-270,594
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

General and Administrative ExpenseUSD1,907,122
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

349,912
Source

10-K · 2022-06-24 · 0001264931-22-000154

2021-04-01 to 2022-03-31

Income Tax Expense (Benefit)USD57,569
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

InterestExpenseNonoperatingUSD3,256,687
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

6,932,618
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Inventory Write-downUSD295,547
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

0
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Net Income (Loss) Attributable to ParentUSD-15,227,893
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-8,795,419
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

-400,232
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

-414,045
Source

10-K · 2022-06-24 · 0001264931-22-000154

2021-04-01 to 2022-03-31

Noncash Merger Related CostsUSD4,427,500
Source

10-K · 2022-06-24 · 0001264931-22-000154

2021-04-01 to 2022-03-31

Nonoperating Income (Expense)USD-9,125,539
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-6,692,458
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

1,824,459
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Operating ExpensesUSD15,621,971
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

16,690,313
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

2,167,122
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

409,912
Source

10-K · 2022-06-24 · 0001264931-22-000154

2021-04-01 to 2022-03-31

Other Nonoperating Income (Expense)USD600
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

Payments to Acquire InvestmentsUSD1,365,000
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Unrealized Gain (Loss) on InvestmentsUSD1,824,459
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

-4,133
Source

10-K · 2022-06-24 · 0001264931-22-000154

2021-04-01 to 2022-03-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023
Total RevenueUSD18,878,997
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

21,858,864
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Cost of Goods and Services Sold
Selling, General and Administrative ExpenseUSD11,006,020
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

6,669,684
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Operating Income (Loss)USD-6,102,354
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-2,102,961
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Other Nonoperating Income (Expense)USD600
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD274,139
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Income Tax Expense (Benefit)USD57,569
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Net Income (Loss) Attributable to ParentUSD-15,227,893
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-8,795,419
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

-400,232
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Earnings Per Share, BasicUSD per share-51.39
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-0.76
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Earnings Per Share, DilutedUSD per share-51.39
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-0.76
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Weighted Average Number of Shares Outstanding, Basicshares296,313
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

11,634,761
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Weighted Average Number of Shares Outstanding, Dilutedshares296,313
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

11,634,761
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Interest Expense (non-operating)USD3,256,687
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

6,932,618
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Additional Financial Items
Capitalized Computer Software, AmortizationUSD1,137,950
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

224,648
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Depreciation, Depletion and Amortization, NonproductionUSD1,131,746
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

301,442
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Gain (Loss) on InvestmentsUSD262,035
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

General and Administrative ExpenseUSD1,907,122
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Gross ProfitUSD9,519,617
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

14,587,352
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Interest ExpenseUSD663,014
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

545,268
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Interest Expense, DebtUSD0
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

154,500
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Interest Income (Expense), NetUSD265,708
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

106,400
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Labor and Related ExpenseUSD4,615,951
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

9,314,415
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Marketing and Advertising ExpenseUSD776,316
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

736,744
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Nonoperating Income (Expense)USD-9,125,539
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

-6,692,458
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

1,824,459
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Operating ExpensesUSD15,621,971
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

16,690,313
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

2,167,122
Source

10-K · 2023-05-31 · 0001493152-23-019509

2022-04-01 to 2023-03-31

Other ExpensesUSD5,650,242
Source

10-K · 2026-04-15 · 0001493152-26-016882

2025-01-01 to 2025-12-31

2,828,222
Source

10-K · 2025-04-15 · 0001641172-25-004877

2024-01-01 to 2024-12-31

Lines labelled “Derived” are calculated from reported figures.

Filing attachments

ex99-1.htm · 8-K · 2026-08-24

EX-99.1

8-K · 2026-08-24 · 0001493152-26-039904

Read attachment ↗
ex99-1.htm · 8-K · 2026-08-18

EX-99.1 7 ex99-1.htm EX-99.1 Exhibit 99.1 TruGolf Polymath Holdings, Inc. Research Inc. ───────────────────────────────────── JOINT NEWS RELEASE TruGolf to Acquire Polymath Research Inc., Bringing Tokenization Innovator to the Public Markets on Nasdaq Polymath to become one of the first Layer-1 Blockchain companies in the public markets on the NASDAQ Stock Exchange via a business combination with TruGolf Holdings, Inc., making institutional-grade tokenization access

8-K · 2026-08-18 · 0001493152-26-038904

Read attachment ↗