Callaway Golf Company (CALY)

NYSE: CALY · Sporting & Athletic Goods, NEC · Carlsbad, CA · filing with the SEC since 1994

Grade5.2

◀ Past 6.3● Present 4.8▶ Future 4.6

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Mar 3, 2025	Feb 29, 2024	Mar 1, 2023	Mar 1, 2022	Mar 1, 2021	Mar 2, 2020	Mar 1, 2019	Feb 27, 2018	Feb 27, 2017
Revenue	2,060,100	2,077,700^r	2,132,700^r	3,995,700	3,133,400^r	1,589,500^r	1,701,063	1,242,834	1,048,736	871,192
For lenders
Net interest income	·	·	-210,200	-142,800	-115,600^r	-46,900^r	-38,493	·	·	·
Cost of revenue	1,192,500	1,190,700	1,205,600	·	·	931,875	934,276	664,465	568,288	486,181
Gross profit	867,600	887,000	927,100	·	·	657,585	766,787	578,369	480,448	385,011
Research and development	65,500	64,100^r	61,800^r	76,400	68,000	46,300	50,579	40,752	36,568	33,318
Selling, general and administrative	674,000	670,000^r	671,200^r	970,600	849,700^r	542,500^r	583,540	·	·	·
General and administrative	·	·	·	·	·	150,716	145,302	100,466	94,153	71,969
Total operating expenses	·	·	·	·	·	763,100	634,119	449,927	401,611	340,843
Total costs and expenses	739,500	734,100^r	733,000^r	3,738,900	2,928,700^r	1,695,000^r	1,568,395	·	·	·
Operating income	128,100	152,900^r	194,100^r	256,800	204,700^r	-105,500^r	132,668	128,442	78,837	44,168
Interest expense	60,600	63,000^r	70,700^r	142,800	115,600^r	46,900^r	38,493^r	5,543	4,365	2,368
Interest and investment income	·	·	·	·	·	492	807	594	454	621
Other income (expense), net	20,100	21,600^r	6,100^r	27,900	9,000^r	24,900^r	1,594	7,779	-6,871	-1,690
Income before income taxes	87,600	111,500^r	129,500^r	141,900	350,600^r	-127,500^r	95,769	131,272	68,055	58,393
Income tax expense	48,800	18,100^r	30,000^r	-16,000	28,600^r	-600^r	16,540	26,018	26,388	-132,561
Income from continuing operations	38,800	93,400	99,500	·	·	·	·	·	·	·
Income from discontinued operations	-448,100	-1,541,100	-4,500	·	·	·	·	·	·	·
Net income including non-controlling interests	·	·	95,000	157,900	322,000^r	-126,900^r	79,229	105,254	41,667	190,954
Net income to non-controlling interests	·	·	·	·	0	0	-179	514	861	1,054
Net income	-409,300	-1,447,700	95,000	157,900	322,000^r	-126,900^r	79,408	104,740	40,806	189,900
Earnings per share, basic	-2.23	-7.88	0.51	0.85	1.90	-1.35	0.84	1.11	0.43	2.02
Earnings per share, diluted	-2.20	-7.23^r	0.50	0.82	1.82	-1.35	0.82	1.08	0.42	1.98
Weighted average shares, basic	183,700	183,700	185,000	184,900	169,100^r	94,200^r	94,251	94,579	94,329	94,045
Weighted average shares, diluted	185,700	199,300^r	201,100	201,300	176,900^r	94,200^r	96,287	97,153	96,577	95,845

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Interest and investment income what its cash and investments earnedus-gaap:InterestIncomeOther

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closed

us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton CALY · research, not advice