secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001500435-25-000093
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.02, 3.02, 3.03, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GoPro Q3 revenue down 37% to $163M, GAAP loss per share $0.13; CEO trust invests $2M; credit covenants relaxed
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- Revenue $163M, down 37% YoY; sell-through ~500k units, down 18% YoY; subscriber count 2.42M, down 5% YoY.
- GAAP net loss $21M ($0.13 loss per share) vs $8M loss YoY; Non-GAAP net loss $14M ($0.09 loss per share) vs breakeven.
- CEO-affiliated Woodman Family Trust to purchase $2M of Class A common stock from GoPro.
- Warrant exercise price reduced from $1.25 to $0.75 per share, covering up to 11.1M shares.
- Credit agreement amended: interim 2026 EBITDA covenants adjusted due to tariff increases from 10% to 19% in Malaysia/Thailand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043525000093/0001500435-25-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043525000093/gpro-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001500435-25-000093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer