GoPro refiles financials with going-concern warning; potential defaults on debt

GoPro, Inc.

Auditor PwC includes explanatory paragraph on substantial doubt about GoPro's ability to continue as a going concern.
Net loss of $93.5M in 2025; revenue down to $652M from $801M in 2024.
Potential defaults under $50M credit facilities and $50M convertible debentures due to cross-default provisions.
Active discussions with lenders Farallon, Wells Fargo, and YA II PN.
Anticipates non-compliance with restrictive covenants; may seek waivers or additional financing.

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