Earnings ·
GoPro delays Q3 filing, reports $96M revenue and 12.7% gross margin amid going concern doubt
GPROGoPro, Inc.
GoPro filed a Form 12b-25 to delay its Quarterly Report on Form 10-Q for the period ended September 30, 2026, citing additional time needed to complete financial close procedures and address a material weakness in internal controls over financing arrangements. The company also delayed its Q3 earnings 8-K. Preliminary results indicate net revenue of approximately $96 million, down from $163 million in the prior year period, with gross margin at roughly 12.7% compared to 35.1%. Operating expenses are estimated at $60 million against $73 million previously. The financial statements will continue to reflect substantial doubt about the company's ability to continue as a going concern for the next twelve months due to potential covenant noncompliance and cross-default risks under its debt agreements.