GoPro, Inc. (GPRO)

The company now

On 9 October 2026 GoPro's audit committee concluded that its audited 2025 results and its 2026 first-quarter and second-quarter results should no longer be relied upon, because of debt accounting errors 1.

The corrections change net loss but not revenue, operating loss or cash, the company says 1. Net loss for 2025 is restated to $92.6 million, against $93.5 million first reported 1. The errors count as a default under each of its debt facilities, and the company says it cannot assure it will obtain the remaining waivers 1.

The errors surfaced while GoPro prepared the proxy statement for its merger with Starman Optical, Inc., signed on 1 September 2026 13. GoPro holders are to receive $285 million in cash in total and keep about 10 percent of the shares, and the company filed a preliminary proxy on 19 October 35.

Underneath sits a shrinking camera business, with revenue for the quarter ended 30 June 2026 at $104.9 million, against $152.6 million a year earlier, and cash at $27.3 million 2. The report for that quarter records substantial doubt about the company's ability to continue as a going concern 2.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.