Callaway Golf Co income statement

In fiscal 2025, Callaway Golf Co reported revenue of $2.06bn, down 0.8% on the year before, operating income of $128m (a 6.2% margin) and net income of −$409m, or −$2.20 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Callaway Golf Co: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	951	968	887	834	843	887	844	871	1,049	1,243	1,701	1,590	3,133	3,996	2,133	2,078	2,060	2,130
Cost of revenue	607	602	575	586	528	529	486	486	568	664	934	932	—	—	1,206	1,191	1,193	—
Gross profit	344	365	311	248	315	358	358	385	480	578	767	658	—	—	927	887	868	—
Research and development	32	36	34	30	31	31	33	33	37	41	51	46	68	76	62	64	66	55
Selling, general and administrative	—	—	—	—	—	—	—	—	—	—	584	543	850	971	671	670	674	524
General and administrative	81	98	93	67	68	62	69	72	94	100	—	—	—	—	—	—	—	—
Operating income	−31	−27	−81	−116	−11	31	27	44	79	128	133	−106	205	257	194	153	128	204
Interest expense	2	1	2	6	9	9	9	2	4	6	38	47	116	143	210	63	61	−46
Net interest income	—	—	—	—	—	—	—	—	—	—	−38	−47	−116	−143	−210	—	—	—
Income before tax	−30	−36	−90	−118	−13	22	20	58	68	131	96	−128	351	142	130	112	88	260
Income tax	−14	−17	82	5	6	6	5	−133	26	26	17	−1	29	−16	30	18	49	93
Net income	−15	−19	−172	−123	−19	16	15	190	41	105	79	−127	322	158	95	−1,448	−409	−263
Diluted EPS	−$0.33	−$0.46	−$2.82	−$1.96	−$0.31	$0.20	$0.17	$1.98	$0.42	$1.08	$0.82	−$1.35	$1.82	$0.82	$0.50	−$7.23	−$2.20	−$1.43
Diluted shares (average)	63m	64m	65m	67m	73m	78m	85m	96m	97m	97m	96m	94m	177m	201m	201m	199m	186m	184m
EBITDA	10	14	−42	−82	15	52	44	61	96	148	168	−66	361	450	240	197	175	134

US$ millions unless shown otherwise. Fiscal quarters.

Callaway Golf Co: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	452	371	630	600	463	368	688	612
Cost of revenue	—	—	346	337	—	—	361	306
Gross profit	—	—	284	263	—	—	327	307
Research and development	22	−8	16	15	20	4	15	16
Selling, general and administrative	251	−113	165	174	211	−36	173	176
Operating income	12	−25	103	74	5	−54	138	115
Interest expense	58	−111	15	15	59	−115	6	5
Income before tax	−23	71	91	59	−22	64	108	111
Income tax	−19	42	27	13	−8	33	33	35
Net income	−4	−1,513	2	20	−15	−417	93	75
Diluted EPS	−$0.01	−$8.23	$0.02	$0.11	−$0.08	−$2.27	$0.47	$0.40
EBITDA	80	−179	115	86	70	−210	149	124

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Callaway Golf Co's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Callaway Golf Co.