Callaway Golf Co (MODG) Form 10-Q — Aug 4, 2026

Key figures

Eps

0.4

Revenue

$612.2 million (Q2 2026)

Net Income

$75.2 million (Q2); $168.3 million for six months

Total Debt

$7.7 million (vs $1,416.0 million at Dec 31, 2025)

Revenue Yoy

+2.0% (Q2); +5.7% for six months

Total Assets

$2,782.9 million

Cash Position

$278.1 million

Shares Outstanding

178510521

Fullswing sale

$24.6 million proceeds; ~$15.3 million expected Q3 gain

Gross margin q2

50.1% vs 43.9% prior year

Six month revenue

$1,299.7 million

Jack wolfskin sale

$290.0 million (completed May 31, 2025)

Operating income q2

$114.8 million, +54.5%

Topgolf h1 net loss

$73.1 million

Topgolf equity value

$1,100.0 million

Topgolf loss on sale

$140.6 million

Effective tax rate q2

31.5% vs 22.4%

Six month diluted eps

0.87

Term loan repaid 2026

$1,162.5 million ($1,000.0 million in January + $162.5 million in May)

Topgolf retained stake

39.3%, carried at $213.9 million

Convertible notes settled

$258.3 million settled in cash at May 1, 2026 maturity; no shares issued

Topgolf sale net proceeds

$820.1 million

Equity method loss h1 2026

$28.7 million (Topgolf share)

Tariff refunds recognized q2

$10.8 million

Consolidated available liquidity

$774.7 million

Tariff refund claims outstanding

$49.5 million

Treasury stock purchases h1 2026

$84.5 million

Non gaap q2 net income continuing

$73.8 million vs $38.9 million prior year

Price after filing

Close on the filing date to close N calendar days later (from $18.53). Historical, not a forecast.