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Critical incident detected

Existential event

Time-sensitive event — see the red-flag panel below for the source-quoted detail.

Red Flags Detected

  • Material Weakness (new) — The company now discloses a material weakness in internal control over financial reporting that caused a restatement of its Q1 2026 financial statements.
  • Going Concern (worsened) — The amended filing adds explicit going-concern language and details new covenant breaches, a $25.5M repayment deadline, and insufficient liquidity.
  • Covenant Violation (worsened) — The amended filing discloses actual covenant non-compliance under the 2025 Credit Agreement, whereas the original filing only mentioned non-compliance under the 2021 Credit Agreement.
  • Debt Default (worsened) — The amended filing adds explicit default and cross-default language tied to covenant breaches and the new repayment deadline, escalating the debt-default risk disclosure.
  • Restatement (new) — The 10-Q/A discloses a restatement of Q1 2026 financials due to errors in warrant and convertible-debenture accounting, which was not present in the original 10-Q.
NASDAQ: GPRO GoPro, Inc. 10-Q/A

GoPro restates Q1 2026 results, flags material weakness and going-concern doubt

Filed October 19, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 11, 2026 · ~1 min read

Key Financials

SEC XBRL

Period financials are unchanged from the original 10-Q (same period end Mar 31, 2026). This amendment updates disclosure only — see the diff below.

Key Changes

  • high

    The 10-Q/A restates Q1 2026 net loss to $76.3 million from $80.8 million, with diluted loss per share improving to $0.47 from $0.50.

    MD&A: Restatement verify on EDGAR →
  • high

    Disclosure controls are now deemed ineffective due to a material weakness in internal control over financial reporting, which caused the restatement.

    Controls verify on EDGAR →
  • high

    The company adds explicit going-concern language, citing covenant breaches, a $25.5M repayment deadline, and insufficient liquidity.

    MD&A: Liquidity verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Oct 19, 2026 · How we verify