TruGolf shares surge 12.55% after-hours as improved liquidity and reduced liabilities offset Q3 net loss from debt extinguishment.

TruGolf Holdings surged 12.55% in after-hours trading following its Q3 2025 earnings report, which highlighted a 30% increase in unrestricted cash to $11.4 million, a $5.1 million reduction in total liabilities, and a 69.3% gross margin improvement. Despite a $7.3 million net loss primarily due to a one-time $6.1 million non-cash debt extinguishment charge, the company emphasized operational progress, including product development for the E6 APEX and TruGolf Range platforms, and a franchise model rollout. CEO Chris Jones underscored regained NASDAQ compliance and a strengthened capital structure, positioning the company for 2026 growth. The stock’s rally reflects investor optimism about the improved liquidity, reduced debt burden, and strategic initiatives, outweighing short-term concerns about the quarterly loss.