Filing Flows › Callaway Golf (CALY) › Q2 2025
Callaway Golf (CALY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Callaway Golf (CALY) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), -4% from a year earlier and +2% from the quarter before. Operating margin was 9.5%, net earnings $20.3M (1.8% of revenue).
Callaway Golf, Q2 2025: revenue $1.1B (-4% year over year), operating margin 9.5%, net earnings $20.3M, operating cash flow $127M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +2% | -4% |
| Gross profit | $263M | -7% | — |
| Operating profit | $106M | +59% | +3% |
| Net earnings | $20.3M | +867% | -67% |
| Operating cash flow | $127M | — | -44% |
| Free cash flow | $52.5M | — | -63% |
What changed
Revenue was $1.1B in Q2 2025, down 4% year over year and up 2% from the previous quarter.
Gross margin was 23.7%. Operating profit was $0.11B, a 9.5% margin (up 0.6 points year over year). Net earnings were $0.02B, down 67% year over year. The effective tax rate was 40.5%.
Operating cash flow was $0.13B (down 44% year over year), 625% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.07B left free cash flow of $0.05B.
Questions
What was Callaway Golf's revenue in the second quarter 2025?
Callaway Golf (CALY) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), -4% from a year earlier and +2% from the quarter before.
Was Callaway Golf profitable in the second quarter 2025?
Operating profit was $106M (9.5% of revenue) and net earnings $20.3M.
Source: Callaway Golf 10-Q on SEC EDGAR.