Filing Flows › Callaway Golf (CALY) › Q1 2025
Callaway Golf (CALY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Callaway Golf (CALY) reported revenue of $1.1B for the first quarter 2025 (Q1 2025), -5% from a year earlier and +194% from the quarter before. Operating margin was 6.1%, net earnings $2.1M (0.2% of revenue).
Callaway Golf, Q1 2025: revenue $1.1B (-4% year over year), operating margin 6.1%, net earnings $2.1M, operating cash flow −$85.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +194% | -5% |
| Gross profit | $284M | — | — |
| Operating profit | $66.5M | — | -0.6% |
| Net earnings | $2.1M | — | -68% |
| Operating cash flow | −$85.2M | — | — |
What changed
Revenue was $1.1B in Q1 2025, down 5% year over year and up 194% from the previous quarter.
Gross margin was 26.0%. Operating profit was $0.07B, a 6.1% margin (up 0.2 points year over year). Net earnings were $2.1M, down 68% year over year. The effective tax rate was 81.9%.
Operating cash flow was −$0.09B. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$0.16B.
Questions
What was Callaway Golf's revenue in the first quarter 2025?
Callaway Golf (CALY) reported revenue of $1.1B for the first quarter 2025 (Q1 2025), -5% from a year earlier and +194% from the quarter before.
Was Callaway Golf profitable in the first quarter 2025?
Operating profit was $66.5M (6.1% of revenue) and net earnings $2.1M.
Source: Callaway Golf 10-Q on SEC EDGAR.