Filing Flows › Acushnet Holdings (GOLF) › Q4 2025
Acushnet Holdings (GOLF) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Acushnet Holdings (GOLF) reported revenue of $477M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -27% from the quarter before. Operating margin was -3.8%, net loss $35.0M (7.3% of revenue).
Acushnet Holdings, Q4 2025: revenue $477M (+7% year over year), operating margin -3.8%, net loss $35.0M, operating cash flow −$338K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $477M | -27% | +7% |
| Operating profit | −$17.9M | -119% | — |
| Net earnings | −$35.0M | -172% | — |
| Operating cash flow | −$338K | -100% | — |
What changed
Revenue was $477.2M in Q4 2025, up 7% year over year and down 27% from the previous quarter.
Gross margin was 44.1%, down 2.5 points from a year earlier. Operating costs exceeded revenue by $17.9M, an operating margin of -3.8%. Operating expenses grew 7% against revenue growth of 7%. The fastest-growing cost line was Research & development (+23%). The quarter ended with a net loss of $35.0M, after a profit of $48.0M the previous quarter. Net interest and other expense of $33.5M was the main reason.
Operating cash flow was −$338K. Non-cash charges added back $13.1M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items added $17.0M. Capital expenditures of $23.0M exceeded it, leaving free cash flow of −$23.3M.
Questions
What was Acushnet Holdings' revenue in the fourth quarter 2025?
Acushnet Holdings (GOLF) reported revenue of $477M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -27% from the quarter before.
Was Acushnet Holdings profitable in the fourth quarter 2025?
Operating loss was $17.9M (-3.8% of revenue) and net loss $35.0M.
Source: Acushnet Holdings 10-K on SEC EDGAR.