Topgolf Callaway Brands Corp.

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

CALY$17.37-0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations for the ended and

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Net revenues:
Products	$465.3	$564.1	$1,796.6	$1,958.7
Services	468.7	448.8	1,340.2	1,356.2
Total net revenues	934.0	1,012.9	3,136.8	3,314.9
Costs and expenses:
Cost of products	279.1	328.5	1,019.3	1,116.8
Cost of services, excluding depreciation and amortization	50.6	48.6	140.1	140.9
Other venue expense	342.9	325.6	1,000.5	988.4
Selling, general and administrative expense	210.6	250.6	710.3	783.1
Research and development expense	20.1	22.0	61.2	72.2
Venue pre-opening costs	2.4	3.9	4.8	9.9
Total costs and expenses	905.7	979.2	2,936.2	3,111.3
Income from operations	28.3	33.7	200.6	203.6
Interest expense, net	(59.2)	(57.7)	(175.9)	(173.5)
Other income (expense), net	8.6	1.0	(1.3)	10.8
(Loss) income before income taxes	(22.3)	(23.0)	23.4	40.9
Income tax (benefit) provision	(7.6)	(19.4)	15.7	(24.1)
Net (loss) income	$(14.7)	$(3.6)	$7.7	$65.0
(Loss) earnings per common share:
Basic	$(0.08)	$(0.02)	$0.04	$0.35
Diluted	$(0.08)	$(0.02)	$0.04	$0.35
Weighted-average common shares outstanding:
Basic	183.9	183.8	183.7	183.7
Diluted	183.9	183.8	185.2	199.3

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.