---
schema_version: "secwatch.filing_event.v1"
accession: "0001500435-26-000003"
form_type: "8-K"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:34:10.504188+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# GoPro Q4 revenue flat at $202M, net loss narrows to $9M; issues $25M convertible note

## Summary
- Q4 2025 revenue $202M flat YoY; GAAP net loss $9M ($0.06/sh) vs $37M loss; Non-GAAP net loss $3M; Adj. EBITDA positive $1M.
- Full year revenue $652M down 19% YoY; GAAP net loss $93M ($0.59/sh) vs $432M loss; opEx down 26% YoY.
- Issued $25M of up to $50M convertible notes to Yorkville; conversion price lower of $1.1453 or 98% of 5-day VWAP (floor $0.1736); maturity Aug 2027; 3% OID.
- Amended Term Loan and Revolver: new EBITDA/liquidity covenants; revolver maturity extended to June 2027; interest rate increased.
- Subscription & service revenue $106M; subs 2.36M down 7% YoY; GP3 AI processor to launch in Q2 2026.

## SEC filing metadata
- accession: 0001500435-26-000003
- form_type: 8-K
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000003/0001500435-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000003/gpro-20260227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500435-26-000003
- JSON: https://secwatch.observer/filing/0001500435-26-000003.json
- Plain text: https://secwatch.observer/filing/0001500435-26-000003.txt

## Source-grounded claims
- claim_id: c8fdf84173c76139c6f02b80ed49dafc81c4f792
  claim: GoPro, Inc. incurred convertible notes of $25,000,000 in aggregate principal amount with YA II PN, Ltd. at will not bear interest unless (i) certain interest rate adjustment events occur, maturing August 26, 2027.
  evidence_excerpt: Yorkville purchased $25,000,000 in aggregate principal amount of Convertible Debentures
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000003/0001500435-26-000003-index.htm
- claim_id: 44595de724f0046a636009caca9a83b11ba8c9da
  claim: GoPro, Inc. entered into Registration Rights Agreement with YA II PN, Ltd. (Yorkville) (effective 2026-02-27).
  evidence_excerpt: In connection with the Purchase Agreement, on or before the First Closing Date, the Company will enter into a registration rights agreement (the "Registration Rights Agreement") with Yorkville pursuant to which Yorkville will be entitled to certain registration rights under the Securities Act of 1933, as amended (the "Securities Act")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000003/0001500435-26-000003-index.htm
- claim_id: b78a4a4f60282b66e839c341e232cfb4c903ea31
  claim: GoPro, Inc. amended Amendment No. 2 to Credit Agreement with Farallon Capital Management, L.L.C., as agent, and Mateo Financing, LLC, as lender (effective 2026-02-27).
  evidence_excerpt: On February 27, 2026, the Company entered into Amendment No. 2 to Credit Agreement (the "2L Amendment") with Farallon Capital Management, L.L.C., as agent, and Mateo Financing, LLC, as lender, which amends that cert
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000003/0001500435-26-000003-index.htm
- claim_id: fca2382c7f68a2d12708980c7e795d20938348ad
  claim: GoPro, Inc. entered into Purchase Agreement with YA II PN, Ltd. (Yorkville) valued at up to $50,000,000 (effective 2026-02-27).
  evidence_excerpt: On February 27, 2026, GoPro, Inc., a Delaware corporation (the "Company"), entered into a securities purchase agreement (the "Purchase Agreement") with YA II PN, Ltd. ("Yorkville"), in connection with the issuance and sale by the Company of convertible debentures (the "Convertible Debentures") issuable in an aggregate principal amount of up to $50,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000003/0001500435-26-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.