---
schema_version: "secwatch.filing_event.v1"
accession: "0000837465-26-000007"
form_type: "8-K"
ticker: "CALY"
cik: "0000837465"
company_name: "Callaway Golf Co"
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T03:10:21.112128+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Callaway Golf Q4 net loss $66M, FY rev $2.06B; returns to pure-play golf after asset sales

## Summary
- Q4 net loss from continuing ops $66.0M ($0.36 diluted EPS); adjusted EBITDA -$25.1M, down $29.5M YoY.
- Full year net sales $2.06B (-0.8% YoY); GAAP net income $38.8M ($0.21 diluted EPS).
- Sold Jack Wolfskin and 60% of Topgolf; post-transaction net cash position ~$680M cash, $480M debt.
- 2026 guidance: net sales $1.98B-$2.05B, adjusted EBITDA $170M-$195M; Q1 sales $635M-$665M.
- Plans to pay off $258M convertible notes May 2026; $200M share repurchase program announced.

## SEC filing metadata
- accession: 0000837465-26-000007
- form_type: 8-K
- ticker: CALY
- cik: 0000837465
- company_name: Callaway Golf Co
- filed_at: 2026-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/837465/000083746526000007/0000837465-26-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/837465/000083746526000007/modg-20260212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000837465-26-000007
- JSON: https://secwatch.observer/filing/0000837465-26-000007.json
- Plain text: https://secwatch.observer/filing/0000837465-26-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.