---
schema_version: "secwatch.filing_event.v1"
accession: "0001500435-26-000064"
form_type: "8-K"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2026-10-16T21:30:16+00:00"
generated_at: "2026-10-16T21:32:07.988468+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# GoPro to restate FY2025 and 2026 financials on debt/warrant errors; Q3 2025 net loss $27.4M vs $21.3M

## Summary
- Audit Committee concluded Oct 9, 2026 that FY2025 audited, Q3 2025, Q1 2026 and Q2 2026 statements were materially misstated; errors surfaced during merger-proxy preparation.
- Warrant liability understated and long-term debt overstated by $8.1M at Aug 4, 2025 initial measurement; 2026 YA II PN convertible debenture derivative misvalued using standalone debt fair value.
- Long-term debt at Dec 31, 2025 restated to $36.6M from $44.3M; FY2025 net loss $92.6M ($0.58/sh) vs $93.5M ($0.59/sh) previously reported.
- Q3 2025 net loss restated to $27.4M from $21.3M, EPS $(0.17) vs $(0.13); Q1 2026 net loss $76.3M vs $80.8M, EPS $(0.47) vs $(0.50).
- Restatement triggered defaults under Wells Fargo revolver, Farallon term loan, YA II PN debentures and Nicholas Woodman notes; waivers obtained; material weakness in ICFR.

## SEC filing metadata
- accession: 0001500435-26-000064
- form_type: 8-K
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2026-10-16T21:30:16+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 4.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000064/0001500435-26-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000150043526000064/gpro-20261009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500435-26-000064
- JSON: https://secwatch.observer/filing/0001500435-26-000064.json
- Plain text: https://secwatch.observer/filing/0001500435-26-000064.txt

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