Business
CALLAWAY GOLF COMPANY ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS
Callaway Golf Company (the "Company," "Callaway," "we," "our," "us") (NYSE: CALY) announced its financial results for the fourth quarter and full year ended December 31, 2025.
About this update from Callaway Golf Company
[{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Company returns to its roots as a leading pure play golf equipment company after selling Jack Wolfskin and a 60% stake in the Topgolf businesses.","length":145,"tagName":"p"}]},{"val":[{"type":"text","content":"Immediately following the close of the Topgolf transaction on January 1, 2026, the Company was in a net cash position with approximately $680 million cash and approximately $480 million in gross debt.","length":200,"tagName":"p"}]},{"val":[{"type":"text","content":"Q4 and Full Year 2025 Net Revenue and Adjusted EBITDA both exceeded expectations.","length":81,"tagName":"p"}]},{"val":[{"type":"text","content":"Initiated 2026 Revenue and Adjusted EBITDA Guidance of $1.98B to $2.05B and $170M to $195M, respectively.","length":105,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":531,"olType":false},{"type":"text","content":"CARLSBAD, Calif., Feb. 12, 2026 /PRNewswire/ -- Callaway Golf Company (the "Company," "Callaway," "we," "our," "us") (NYSE: CALY) announced its financial results for the fourth quarter and full year ended December 31, 2025.","length":273,"tagName":"p"},{"type":"text","content":""We successfully completed our 2025 strategic initiatives, which were to return Callaway to a pure play golf equipment company and strengthen our balance sheet," commented Chip Brewer, President and Chief Executive Officer of Callaway Golf Company. "The sale of our Jack Wolfskin business and the sale of a 60% stake in our Topgolf business have simplified our portfolio, generated significant cash, eliminated our liability for any Topgolf venue financing and operating leases and allowed us to pay down $1 billion of term debt, leaving us in a net cash position and with future upside opportunity in Topgolf given our 40% remaining stake. With the support of our Board, we intend to use this cash to pay off our convertible debt and begin returning capital to our shareholders via the $200 million share repurchase program we announced in January. With these strategic initiatives behind us and the benefit of a strong balance sheet, we are now back to being a focused, pure-play golf company and a leader in innovation, performance, and craftsmanship across our premium golf ...