{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-072753","form_type":"8-K","ticker":"GPRO","cik":"0001500435","company_name":"GoPro, Inc.","filed_at":"2026-11-10T21:19:17+00:00","discovered_at":"2026-11-10T21:20:00.255764+00:00","generated_at":"2026-11-10T21:20:10.671598+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"GoPro delays 10-Q on covenant default risk; preliminary Q3 revenue $96M vs $163M, gross margin 12.7%","bullets":["Preliminary Q3 2026 net revenue approximately $96M vs $163M in Q3 2025; gross margin 12.7% vs 35.1%; operating expenses ~$60M vs $73M.","GoPro cannot timely file its Q3 Form 10-Q, needing more time for accounting and valuation of financing arrangements entered into in Q3 2026.","Unremediated material weakness in controls over embedded features of financing arrangements persists, per the 10-K/A and 10-Q/A filed October 19, 2026.","Company is seeking lender waivers; noncompliance is an event of default that via cross-default could accelerate debt and let the acquirer terminate the pending merger.","Financial statements will continue to reflect substantial doubt about ability to continue as a going concern for the next twelve months; Q3 earnings 8-K also delayed."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-072753","json":"https://secwatch.observer/filing/0001628280-26-072753.json","markdown":"https://secwatch.observer/filing/0001628280-26-072753.md","text":"https://secwatch.observer/filing/0001628280-26-072753.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1500435/000162828026072753/0001628280-26-072753-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1500435/000162828026072753/gpro-20261110.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-10T21:20:10.671598+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}