About Topgolf Callaway Brands Corp.
https://www.callawaygolf.comTopgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other.

CEO
Oliver G. Brewer III
Compensation Summary
(Year 2023)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 1995-03-13 | Forward | 2:1 |
| 1994-03-04 | Forward | 2:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 89
Ratings Snapshot
Rating : C-
Most Recent Analyst Grades

Roth Capital
Buy

Truist Securities
Buy

Roth MKM
Buy

Morgan Stanley
Equal Weight

JP Morgan
Neutral

B. Riley Securities
Neutral
Grade Summary
Showing Top 6 of 6
Price Target
Institutional Ownership

BLACKROCK INC.
Shares:22.09M
Value:$322.51M

PROVIDENCE EQUITY PARTNERS L.L.C.
Shares:21.18M
Value:$309.16M

BLACKROCK, INC.
Shares:20.45M
Value:$298.56M
Summary
Showing Top 3 of 322
About Topgolf Callaway Brands Corp.
https://www.callawaygolf.comTopgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $934M ▼ | $626.6M ▲ | $-14.7M ▼ | -1.57% ▼ | $-0.08 ▼ | $102.4M ▼ |
| Q2-2025 | $1.11B ▲ | $599.8M ▼ | $20.3M ▲ | 1.83% ▲ | $0.11 ▲ | $160.6M ▲ |
| Q1-2025 | $1.09B ▲ | $601M ▼ | $2.1M ▲ | 0.19% ▲ | $0.01 ▲ | $138.7M ▲ |
| Q4-2024 | $924.4M ▼ | $2.05B ▲ | $-1.51B ▼ | -163.64% ▼ | $-8.23 ▼ | $-1.39B ▼ |
| Q3-2024 | $1.01B | $650.7M | $-3.6M | -0.36% | $-0.02 | $102.8M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $865.6M ▲ | $7.57B ▼ | $5.09B ▼ | $2.48B ▼ |
| Q2-2025 | $683.5M ▲ | $7.61B ▼ | $5.12B ▼ | $2.49B ▲ |
| Q1-2025 | $317M ▼ | $7.69B ▲ | $5.27B ▲ | $2.43B ▲ |
| Q4-2024 | $445M ▲ | $7.64B ▼ | $5.23B ▲ | $2.41B ▼ |
| Q3-2024 | $441.9M | $9.16B | $5.22B | $3.94B |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-14.7M ▼ | $228.4M ▲ | $-66.9M ▼ | $21.6M ▲ | $182.1M ▼ | $162.1M ▲ |
| Q2-2025 | $20.3M ▲ | $126.9M ▲ | $210.3M ▲ | $18.7M ▼ | $366.5M ▲ | $52.5M ▲ |
| Q1-2025 | $2.1M ▲ | $-85.2M ▼ | $-70M ▼ | $25.1M ▲ | $-128.7M ▼ | $-155.1M ▼ |
| Q4-2024 | $-1.51B ▼ | $43.3M ▼ | $-42.7M ▲ | $10.8M ▼ | $3.1M ▼ | $-25M ▼ |
| Q3-2024 | $-3.6M | $187.3M | $-80.6M | $17.9M | $130.1M | $107.7M |
Revenue by Products
| Product | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Product | $1.16Bn ▲ | $700.00M ▼ | $630.00M ▼ | $470.00M ▼ |
Service | $920.00M ▲ | $390.00M ▼ | $480.00M ▲ | $470.00M ▼ |
Revenue by Geography
| Region | Q4-2024 | Q2-2025 | Q1-2025 | Q3-2025 |
|---|---|---|---|---|
Asia | $120.00M ▲ | $100.00M ▼ | $130.00M ▲ | $90.00M ▼ |
Europe | $120.00M ▲ | $110.00M ▼ | $130.00M ▲ | $70.00M ▼ |
Rest of World | $20.00M ▲ | $40.00M ▲ | $40.00M ▲ | $30.00M ▼ |
UNITED STATES | $660.00M ▲ | $860.00M ▲ | $790.00M ▼ | $750.00M ▼ |

CEO
Oliver G. Brewer III
Compensation Summary
(Year 2023)
Split Record
| Date | Type | Ratio |
|---|---|---|
| 1995-03-13 | Forward | 2:1 |
| 1994-03-04 | Forward | 2:1 |
ETFs Holding This Stock
Summary
Showing Top 3 of 89
Ratings Snapshot
Rating : C-
Most Recent Analyst Grades

Roth Capital
Buy

Truist Securities
Buy

Roth MKM
Buy

Morgan Stanley
Equal Weight

JP Morgan
Neutral

B. Riley Securities
Neutral
Grade Summary
Showing Top 6 of 6
Price Target
Institutional Ownership

BLACKROCK INC.
Shares:22.09M
Value:$322.51M

PROVIDENCE EQUITY PARTNERS L.L.C.
Shares:21.18M
Value:$309.16M

BLACKROCK, INC.
Shares:20.45M
Value:$298.56M
Summary
Showing Top 3 of 322




