GPRO
GoPro, Inc.1.5500
-0.0300-1.9%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
No Q&A; outlook unchallenged
No analyst questions materialized, leaving GoPro's prepared remarks unchallenged and the outlook intact. Management's script touted GP3 processor launches in Q2 as a pivotal growth driver, AI content licensing revenue kicking off in Q1, and 2026 revenue of $750M-$800M despite tariff and memory headwinds. Leadership shifts elevate Brian McGee to President/COO for sharper execution. No Q&A pushback. Investors watch Q2 product drops closely.
Key Stats
Market Cap
247.58MP/E (TTM)
-Basic EPS (TTM)
-0.76Dividend Yield
0%Recent Filings
10-K
FY2025 results
GoPro's FY2025 revenue fell 19% y/y to $651.5M, with hardware down 21% on 25% fewer camera units shipped (1.8M) amid softer demand and competition, yet Q4 held flat at $201.7M—31% of the year—thanks to a richer mix favoring $500+ MAX2 while units dipped 1% y/y to 574K. Gross margins slipped to 33.6% annually but Q4 compressed to 31.8% from tariff hikes and costs, even as ASP climbed 8% to $357; operating loss narrowed to $83.3M via 26% opex cuts (R&D -32%, marketing -37%). Q4 turned adjusted EBITDA positive at $0.8M. Cash burned $20.7M operationally but ended at $49.7M; $50M term debt and $50M revolver support liquidity. Subscribers slipped 7% to 2.36M. Tariff volatility threatens Q4 momentum.
8-K
GoPro inks $50M convertibles
GoPro entered a $50M convertible debentures deal with Yorkville on February 27, 2026, issuing $25M initially at 3% OID, convertible at the lower of $1.1453 or 98% of the lowest VWAP over five days (floor $0.1736), maturing August 26, 2027. Yet it eased covenants on existing credit facilities with Farallon and Wells Fargo, dropping minimum EBITDA tests for Q4 2025/Q1 2026 while mandating escalating liquidity from $25M to $40M and asset coverage from 1.05:1.00 to 1.15:1.00. Lenders got breathing room.
8-K
GoPro leadership promotions
GoPro promoted Brian McGee from CFO and COO to President & COO effective March 17, 2026, while appointing internal VP Finance Brian Tratt as new CFO. McGee's compensation stays unchanged; Tratt gets $385,000 base and up to 60% bonus. Leadership shuffle elevates veteran McGee. No family ties or conflicts disclosed.
10-Q
Q3 FY2025 results
GoPro's Q3 revenue fell 37% y/y to $162.9M (derived) on 48% fewer camera units shipped, yet gross margin held at 35.1% despite tariff headwinds, thanks to higher subscription mix at 16.3%. Operating loss widened to $15.9M from $8.0M y/y, driven by interest expense tripling to $2.7M, while net loss of $21.3M exceeded operating loss due to $1.9M other expense (warrant revaluation per Note 5) and taxes; diluted EPS -$0.13 reconciles to 158.9M shares. Cash fell to $58.4M amid $36.3M YTD operating outflows, offset by $87.8M net borrowings under fully drawn $50M revolvers (2021/2025 Credit Agreements, covenants met). Debt totals $182.4M ($93.8M short-term 2025 Notes due Nov 2025, backed by $94.3M restricted cash; $50M 2025 Term Loan at SOFR+7.5%). Ongoing patent battles with Insta360 pose IP risks.
8-K
GoPro eases debt covenants
GoPro amended its August credit agreement on November 5, easing EBITDA covenants to negative $12.5M through Q1 2026, zero through Q2, and $25M through Q3, while mandating $40M liquidity; lowered warrant exercise price from $1.25 to $0.75 per share for 11M shares. Nicholas Woodman's family trust committed $2M for Class A shares at recent bid or 5-day average closing price. Board waived insider trading policy for the deal.
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