NASDAQ: GPRO
GoPro, Inc.CIK 0001500435 · SIC 3861 · Photographic Equipment & Supplies
Item 1. Business and other sections of this Annual Report on Form 10-K, projections of results of operations, research and development plans, marketing plans, plans to invest in and expand our global retail and distribution footprint, and revenue growth drivers; plans to manage our operating… About this business →
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GoPro files prospectus after regaining Nasdaq compliance; no new offering terms disclosed
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GoPro files 424B3 prospectus after regaining Nasdaq compliance; no new offering terms disclosed
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GoPro issues $20M convertible debenture to Yorkville, convertible at variable discount price
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GoPro issues $20M convertible debenture to Yorkville, adding to $25M prior issuance, with variable conversion price
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GoPro completes up to $50M convertible debenture program with $20M issuance to Yorkville
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GoPro to be acquired by Action Acquisitions for $1.14 cash plus 0.1 share per share
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GoPro to be acquired by Action Acquisitions LLC in all-cash merger; shareholders to receive $2.50 per share
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GoPro to be acquired by Action Acquisitions LLC in all-cash merger; stockholders to vote on deal
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GoPro promotes CFO Brian Tratt to SVP with 9% salary increase
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revenue $104.9M, net income -$51.0M. GoPro discloses going-concern doubt as Q2 revenue falls 31%, operating loss widens 178%
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GoPro raises $20M net proceeds via related-party notes; posts $131.8M net loss on 28.9% revenue decline
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GoPro prices $20M secured note offering to CEO-affiliated entities at 6.5% with 25.7M warrants
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GoPro receives Nasdaq deficiency notice for failing to maintain $1 minimum bid price
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GoPro closes $20M CEO-affiliated financing, amends credit facility with higher rates and mandatory repayment
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GoPro stockholders approve convertible debt conversion and equity plan expansion
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GoPro raises $20M via related-party debt from CEO Woodman, secured by third lien
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GoPro, Inc. registers resale of shares by selling stockholders; no proceeds to company
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GoPro refiled 2025 financials with going-concern doubt; lenders may declare default on up to $100M+ debt
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GoPro launches formal sale process, engages Houlihan Lokey after unsolicited inquiries
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Latest financial statements
From 10-Q filed Aug 10, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | ||||
| Hardware | 75,953 | 126,428 | 148,103 | 233,847 |
| Subscription and services | 28,981 | 26,215 | 55,896 | 53,104 |
| Total revenue | 104,934 | 152,643 | 203,999 | 286,951 |
| Cost of revenue | ||||
| Hardware | 62,510 | 90,566 | 148,199 | 174,162 |
| Subscription and services | 10,761 | 7,414 | 19,831 | 14,977 |
| Total cost of revenue | 73,271 | 97,980 | 168,030 | 189,139 |
| Gross profit | 31,663 | 54,663 | 35,969 | 97,812 |
| Operating expenses: | ||||
| Research and development | 29,646 | 30,503 | 58,081 | 60,060 |
| Sales and marketing | 29,016 | 25,275 | 52,234 | 48,533 |
| General and administrative | 11,983 | 12,892 | 21,881 | 29,834 |
| Goodwill impairment | — | — | — | 18,600 |
| Total operating expenses | 70,645 | 68,670 | 132,196 | 157,027 |
| Operating loss | (38,982) | (14,007) | (96,227) | (59,215) |
| Other income (expense): | ||||
| Interest expense | (6,442) | (1,436) | (10,560) | (2,233) |
| Other income (expense), net | (4,785) | 330 | (22,397) | 1,278 |
| Total other income (expense), net | (11,227) | (1,106) | (32,957) | (955) |
| Loss before income taxes | (50,209) | (15,113) | (129,184) | (60,170) |
| Income tax expense | 796 | 1,309 | 2,641 | 2,961 |
| Net loss | (51,005) | (16,422) | (131,825) | (63,131) |
| Basic and diluted net loss per share | (0.30) | (0.10) | (0.79) | (0.40) |
| Shares used to compute basic and diluted net loss per share | 171,234 | 157,843 | 167,243 | 157,144 |
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands, except par values)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 27,265 | 49,674 |
| Accounts receivable, net | 60,366 | 93,513 |
| Inventory | 86,745 | 78,431 |
| Prepaid expenses and other current assets | 54,690 | 30,951 |
| Total current assets | 229,066 | 252,569 |
| Property and equipment, net | 7,019 | 5,903 |
| Operating lease right-of-use assets | 9,220 | 11,138 |
| Goodwill | 133,751 | 133,751 |
| Other long-term assets | 19,400 | 24,622 |
| Total assets | 398,456 | 427,983 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current liabilities: | ||
| Accounts payable | 125,987 | 97,012 |
| Accrued expenses and other current liabilities | 147,830 | 95,856 |
| Short-term operating lease liabilities | 7,547 | 12,069 |
| Deferred revenue | 50,876 | 52,636 |
| Short-term debt | 72,656 | 19,598 |
| Total current liabilities | 404,896 | 277,171 |
| Long-term taxes payable | 14,799 | 13,544 |
| Long-term debt | — | 44,322 |
| Long-term operating lease liabilities | 5,845 | 7,329 |
| Other long-term liabilities | 5,587 | 9,067 |
| Total liabilities | 431,127 | 351,433 |
| Commitments, contingencies and guarantees (Note 10) | ||
| Stockholders’ equity (deficit): | ||
| Preferred stock, $0.0001 par value, 5,000 shares authorized; none issued | — | — |
| Common stock and additional paid-in capital, $0.0001 par value, 500,000 Class A shares authorized, 155,592 and 136,056 shares issued and outstanding, respectively; 150,000 Class B shares authorized, 26,259 and 26,259 shares issued and outstanding, respectively | 1,067,479 | 1,044,875 |
| Treasury stock, at cost, 26,608 and 26,608 shares, respectively | (193,231) | (193,231) |
| Accumulated deficit | (906,919) | (775,094) |
| Total stockholders’ equity (deficit) | (32,671) | 76,550 |
| Total liabilities and stockholders’ equity (deficit) | 398,456 | 427,983 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating activities: | ||
| Net loss | (131,825) | (63,131) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 3,578 | 3,416 |
| Non-cash operating lease cost | 2,720 | 1,153 |
| Stock-based compensation | 7,054 | 10,486 |
| Goodwill impairment | — | 18,600 |
| Deferred income taxes, net | 581 | (130) |
| Non-cash interest expense | 5,682 | — |
| Loss on extinguishment of debt | 8,870 | — |
| Gain on sale of intellectual property | (1,200) | — |
| Derivative expense | 7,552 | — |
| Changes in fair value of derivative liabilities | 10,441 | — |
| Other | (2,117) | 284 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 33,129 | 2,681 |
| Inventory | (8,314) | 36,234 |
| Prepaid expenses and other assets | (20,435) | 1,723 |
| Accounts payable and other liabilities | 39,385 | (55,867) |
| Deferred revenue | (2,503) | (3,883) |
| Net cash used in operating activities | (47,402) | (48,434) |
| Investing activities: | ||
| Purchases of property and equipment, net | (2,063) | (1,783) |
| Proceeds from the sale and license of intellectual property | 1,200 | — |
| Net cash used in investing activities | (863) | (1,783) |
| Financing activities: | ||
| Proceeds from issuance of common stock | 303 | 374 |
| Taxes paid related to net share settlement of equity awards | (1,743) | (624) |
| Proceeds from borrowings | 30,250 | 25,000 |
| Repayments of borrowings | (1,850) | (20,000) |
| Payment of debt issuance costs | (941) | — |
| Net cash provided by financing activities | 26,019 | 4,750 |
| Effect of exchange rate changes on cash and cash equivalents | (163) | 1,227 |
| Net change in cash and cash equivalents | (22,409) | (44,240) |
| Cash and cash equivalents at beginning of period | 49,674 | 102,811 |
| Cash and cash equivalents at end of period | 27,265 | 58,571 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except per share data); (in thousands, except par values); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
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View all filings for GPRO on SEC EDGARAbout GoPro, Inc.
Source: Item 1 (Business) from the 10-K filed March 12, 2026. Description as filed by the company with the SEC.
Item 1. Business and other sections of this Annual Report on Form 10-K, projections of results of operations, research and development plans, marketing plans, plans to invest in and expand our global retail and distribution footprint, and revenue growth drivers; plans to manage our operating expenses effectively; dilution of our common stock; our ability to maintain compliance with Nasdaq listing requirements; plans to drive profitability, including our restructuring plans and the improved efficiencies in our operations that such plans may create; our ability to achieve profitability if there are delays in our product launches, increases in component costs, or shortages of key components; the impact of negative macroeconomic factors including fluctuating interest rates and inflation, market volatility, economic recession concerns, and potential occurrence of a temporary federal government shutdown; the ability to grow camera sales to drive meaningful volume and subscription growth; the ability to maintain camera sales sufficient to drive meaningful volume, revenue, and subscriber base; our ability to acquire and retain subscribers; the impact of competition on our market share, revenue, and profitability; the effects of global conflicts and geopolitical issues such as the conflicts in the Middle East, Ukraine, Venezuela or China-Taiwan relations on our business; the impact of recent developments with respect to U.S. tariffs, including uncertainties regarding any new proposed
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tariffs; expectations regarding the volatility of the Company’s tax provision and resulting effective tax rate and projections of results of operations; the outcome of pending or future litigation and legal proceedings; the threat of a security breach or other disruption including cyber-attacks; and any discussion of the trends and other factors that drive our business and future results, as discussed in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and other sections of this Annual Report on Form 10-K including but not limited to