TruGolf shares surge 18.56% intraday after reporting cash increase, reduced liabilities, and optimism over 2026 growth and product launches.

TruGolf Holdings surged 18.56% intraday 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—marking a significant sequential improvement from 44.4% in Q2. Despite a $7.3 million net loss driven by a $6.1 million non-cash debt extinguishment charge, the report emphasized operational progress, including product development advancements and a franchise model rollout. CEO Chris Jones underscored the company’s stronger financial foundation post-restructuring, regaining NASDAQ compliance, and a debt-free capital structure, positioning TruGolf for 2026 growth. The market appears to have interpreted these factors as catalysts for renewed confidence in the company’s long-term prospects, overshadowing near-term profitability concerns.