$GPRO

GoPro, Inc.

CIK:0001500435|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues, Total	$ 104,934	$ 152,643	$ 203,999	$ 286,951
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 Loss	0	0	0	18,600
Total operating expenses	70,645	68,670	132,196	157,027
Operating loss	(38,982)	(14,007)	(96,227)	(59,215)
Interest Income (Expense), Operating and Nonoperating	(6,442)	(1,436)	(10,560)	(2,233)
Total other income (expense), net	(4,785)	330	(22,397)	1,278
Nonoperating Income (Expense)	(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)
Earnings Per Share, Diluted	$ (0.30)	$ (0.10)	$ (0.79)	$ (0.40)
Weighted Average Number of Shares Outstanding, Diluted	171,234	157,843	167,243	157,144
Hardware
Revenues, Total	$ 75,953	$ 126,428	$ 148,103	$ 233,847
Cost of revenue	62,510	90,566	148,199	174,162
Subscription and services
Revenues, Total	28,981	26,215	55,896	53,104
Cost of revenue	$ 10,761	$ 7,414	$ 19,831	$ 14,977

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Noncash Investing and Financing Items [Abstract]
Non-cash consideration related to debt extinguishment	$ 8,731	$ 0
Non-cash Refinancing, Debt extinguished	44,745	0
Non-cash Refinancing, Debt Issued	44,884	0
Debt discount related to derivative liability	23,309	0
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
operating lease, right-of-use asset, periodic reduction, net	2,720	1,153
Stock-based compensation	7,054	10,486
Goodwill, Impairment Loss	0	18,600
Deferred income taxes, net	581	(130)
Gain (Loss) on Extinguishment of Debt	8,870	0
Gain (Loss) on Disposition of Intangible Assets	(1,200)	0
Derivative Expense	7,552	0
Derivative, Gain (Loss) on Derivative, Net	10,441	0
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)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	(47,402)	(48,434)
Investing activities:
Purchases of property and equipment, net	(2,063)	(1,783)
Net cash used in investing activities	(863)	(1,783)
Financing activities:
Proceeds from issuance of common stock	303	374
Payment, Tax Withholding, Share-based Payment Arrangement	(1,743)	(624)
Proceeds from Lines of Credit	30,250	25,000
Repayments of Lines of Credit	(1,850)	(20,000)
Payments of Debt Issuance Costs	(941)	0
Net cash provided by financing activities	26,019	4,750
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(163)	1,227
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(22,409)	(44,240)
Cash and cash equivalents	27,265	58,571
Debt Conversion, Converted Instrument, Amount	17,111	0
Proceeds from Sale of Intangible Assets	1,200	0
Amortization of Debt Discount (Premium)	$ 5,682	$ 0

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash, Cash Equivalents, and Short-Term Investments	$ 27,265,000
Accounts receivable, net	60,366,000	$ 93,513,000
Inventory	86,745,000	78,431,000
Prepaid expenses and other current assets	54,690,000	30,951,000
Total current assets	229,066,000	252,569,000
Property and equipment, net	7,019,000	5,903,000
Operating Lease, Right-of-Use Asset	9,220,000	11,138,000
Goodwill	133,751,000	133,751,000
Other long-term assets	19,400,000	24,622,000
Total assets	398,456,000	427,983,000
Current liabilities:
Accounts payable	125,987,000	97,012,000
Accrued expenses and other current liabilities	147,830,000	95,856,000
Short-term operating lease liabilities	7,547,000	12,069,000
Deferred revenue	50,876,000	52,636,000
Short-term Debt	72,656,000	19,598,000
Total current liabilities	404,896,000	277,171,000
Long-term taxes payable	14,799,000	13,544,000
Long-term debt	0	44,322,000
Long-term operating lease liabilities	5,845,000	7,329,000
Other long-term liabilities	5,587,000	9,067,000
Total liabilities	431,127,000	351,433,000
Commitments, contingencies and guarantees
Stockholders’ equity (deficit):
Preferred Stock, Value, Outstanding	0	0
Common Stocks, Including Additional Paid in Capital	1,067,479,000	1,044,875,000
Treasury Stock, Value	193,231,000	193,231,000
Accumulated deficit	(906,919,000)	(775,094,000)
Total stockholders’ equity (deficit)	(32,671,000)	76,550,000
Total liabilities and stockholders’ equity (deficit)	$ 398,456,000	$ 427,983,000
Preferred Stock
Stockholders’ equity (deficit):
Preferred Stock, par value (usd per share)	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized (shares)	5,000,000	5,000,000
Preferred Stock, Shares Issued (shares)	0	0
Common Class A [Member]
Stockholders’ equity (deficit):
Common Stock, Shares Authorized (shares)	500,000,000	500,000,000
Common Stock, Shares, Issued	155,592,000	136,056,000
Common stock outstanding (shares)	155,592,000	136,056,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common Class B [Member]
Stockholders’ equity (deficit):
Common Stock, Shares Authorized (shares)	150,000,000	150,000,000
Common Stock, Shares, Issued	26,259,000	26,259,000
Common stock outstanding (shares)	26,259,000	26,259,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Treasury Stock, Common
Stockholders’ equity (deficit):
Treasury Stock, Common, Shares	26,608,000	26,608,000