secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001500435-26-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000150043526000003/0001500435-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000150043526000003/gpro-20260227.htm
  HTML page:      https://secwatch.observer/filing/0001500435-26-000003

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