GoPro, Inc.
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 12, 2026
GPRO$0.84-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2023 |
| Operating activities: | |||
| Net loss | $(93,487) | $(432,311) | $(53,183) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization | 7,065 | 6,491 | 6,160 |
| Non-cash operating lease cost | 3,265 | 1,050 | 3,090 |
| Stock-based compensation | 19,542 | 29,132 | 41,479 |
| Goodwill impairment | 18,600 | — | — |
| Deferred income taxes, net | 280 | 296,771 | (17,891) |
| Impairment of right-of-use assets | — | 3,276 | — |
| Gain on extinguishment of debt | — | — | (3,092) |
| Other | 1,537 | 461 | (2,600) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (7,297) | 5,291 | (14,478) |
| Inventory | 42,285 | (14,450) | 20,865 |
| Prepaid expenses and other assets | 2,798 | 1,080 | (7,649) |
| Accounts payable and other liabilities | (11,134) | (21,162) | (4,226) |
| Deferred revenue | (4,123) | (770) | (1,338) |
| Net cash used in operating activities | (20,669) | (125,141) | (32,863) |
| Investing activities: | |||
| Purchases of property and equipment, net | (3,362) | (4,039) | (1,520) |
| Purchases of marketable securities | — | — | (25,782) |
| Maturities of marketable securities | — | 24,000 | 149,204 |
| Acquisition, net of cash acquired | — | (12,308) | — |
| Net cash provided by (used in) investing activities | (3,362) | 7,653 | 121,902 |
| Financing activities: | |||
| Proceeds from issuance of common stock | 2,706 | 2,150 | 3,876 |
| Taxes paid related to net share settlement of equity awards | (1,916) | (3,079) | (8,008) |
| Repurchase of outstanding common stock | — | — | (40,000) |
| Repayment of 2025 convertible senior notes | (93,750) | — | (46,250) |
| Proceeds from borrowings | 113,174 | — | — |
| Repayments of borrowings | (48,044) | — | — |
| Payment of debt issuance costs | (2,282) | — | — |
| Net cash used in financing activities | (30,112) | (929) | (90,382) |
| Effect of exchange rate changes on cash and cash equivalents | 1,006 | (1,480) | 316 |
| Net change in cash and cash equivalents | (53,137) | (119,897) | (1,027) |
| Cash and cash equivalents at beginning of period | 102,811 | 222,708 | 223,735 |
| Cash and cash equivalents at end of period | $49,674 | $102,811 | $222,708 |
| Supplementary cash flow disclosure: | |||
|---|---|---|---|
| Cash paid for interest | $4,310 | $1,286 | $1,976 |
| Cash paid (refunded) for income taxes, net | $846 | $1,093 | $(537) |
| Non-cash investing and financing activities: | |||
| Purchases of property and equipment included in accounts payable and accrued liabilities | $113 | $1,047 | $214 |
| Receipt of equity from asset sale | $— | $999 | $— |
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