secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0001500435-25-000056
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoPro Q2 revenue falls 18% to $153M; net loss narrows to $16M; gross margin improves to 36%
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- GAAP net loss of $16M ($0.10 loss per share) vs. loss of $48M ($0.31) a year ago; adjusted EBITDA improved 83% to negative $6M.
- Revenue $153M, down 18% YoY; sell-through ~500K camera units, down 23% YoY.
- Subscription & service revenue flat at $26M; subscriber count 2.45M, down 3% YoY.
- Closed $50M second lien credit facility; issued 11.1M warrants at $1.25 exercise price.
- ITC judge ruled Insta360 infringes GoPro’s HERO camera patent; final determination by Nov 10, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043525000056/0001500435-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043525000056/gpro-20250811.htm
  HTML page:      https://secwatch.observer/filing/0001500435-25-000056

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