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AI brief of an SEC Form 8-K · GoPro, Inc. (GPRO)

GoPro delays Q3 10-Q; preliminary revenue about $96 million vs $163 million a year earlier

Negative Impact 5 of 5 earnings

GoPro filed a Form 12b-25 notice saying it cannot file its quarterly report for the period ended September 30, 2026 on time, and it gave preliminary third-quarter results that show sharp declines from the prior year. The company is seeking lender waivers because it may be out of compliance with financing covenants, and it says the noncompliance could allow lenders to accelerate debt and could jeopardize the closing of its pending merger.

Key points

  • Preliminary Q3 2026 net revenue of approximately $96 million, vs. $163 million in Q3 2025
  • Preliminary gross margin of approximately 12.7%, vs. 35.1% in Q3 2025; operating expenses of approximately $60 million, vs. $73 million
  • Going concern doubt will continue to be reflected for the next twelve months; material weakness in internal controls has not been remediated
  • Company is actively seeking lender waivers; without them, an event of default could permit acceleration of debt and termination of the pending merger agreement

The filing

CompanyGoPro, Inc. (GPRO)
Form8-K, current report
Filed with the SECNov 10, 2026, 4:19 PM ET
Accession number0001628280-26-072753

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 10, 2026, 4:25 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.