{"schema_version":"secwatch.filing_event.v1","accession":"0000837465-25-000016","form_type":"8-K","ticker":"CALY","cik":"0000837465","company_name":"Callaway Golf Co","filed_at":"2025-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.483992+00:00","generated_at":"2026-05-26T06:38:24.657594+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Topgolf Callaway Q4 revenue +3% to $924M but $1.45B impairment drives GAAP loss","bullets":["Q4 GAAP net loss of $1.512.7B includes $1.452B noncash Topgolf goodwill/intangibles impairment.","Q4 adjusted EBITDA $101.4M (+45% YoY); full-year adj EBITDA $587.7M (-1.5% YoY).","Full-year net revenue $4.239B (-1.1%); Topgolf same venue sales -9% in 2024.","2025 guidance: revenue $4.0-$4.185B, adj EBITDA $415-$505M; cites FX, tariff headwinds.","Topgolf separation costs ~$50M one-time; incremental $15M in standalone public company costs."],"urls":{"canonical":"https://secwatch.observer/filing/0000837465-25-000016","json":"https://secwatch.observer/filing/0000837465-25-000016.json","markdown":"https://secwatch.observer/filing/0000837465-25-000016.md","text":"https://secwatch.observer/filing/0000837465-25-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/837465/000083746525000016/0000837465-25-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/837465/000083746525000016/modg-20250224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T06:38:24.657594+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}