GoPro, Inc.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 11, 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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Condensed Consolidated Statements of Cash Flows
| Three months ended March 31, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Operating activities: | ||
| Net loss | $(80,820) | $(46,709) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,794 | 1,718 |
| Non-cash operating lease cost | 1,360 | (215) |
| Stock-based compensation | 2,998 | 5,370 |
| Goodwill impairment | — | 18,600 |
| Deferred income taxes, net | 573 | 103 |
| Loss on extinguishment of debt | 8,870 | — |
| Derivative expense | 7,552 | — |
| Changes in fair value of derivative liability | 5,652 | — |
| Other | 2,124 | 106 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 31,515 | 9,309 |
| Inventory | 6,226 | 24,434 |
| Prepaid expenses and other current assets | (236) | (5,068) |
| Accounts payable and other liabilities | (24,294) | (63,050) |
| Deferred revenue | 68 | (1,784) |
| Net cash used in operating activities | (36,618) | (57,186) |
| Investing activities: | ||
| Purchases of property and equipment, net | (1,043) | (1,305) |
| Net cash used in investing activities | (1,043) | (1,305) |
| Financing activities: | ||
| Proceeds from issuance of common stock | 303 | 374 |
| Taxes paid related to net share settlement of equity awards | (429) | (503) |
| Proceeds from borrowings | 30,250 | 25,000 |
| Repayments of borrowings | (375) | — |
| Payment of debt issuance costs | (941) | — |
| Net cash provided by financing activities | 28,808 | 24,871 |
| Effect of exchange rate changes on cash and cash equivalents | (98) | 443 |
| Net change in cash and cash equivalents | (8,951) | (33,177) |
| Cash and cash equivalents at beginning of period | 49,674 | 102,811 |
| Cash and cash equivalents at end of period | $40,723 | $69,634 |
| Three months ended March 31, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Non-cash investing and financing activities: | ||
| Non-cash consideration related to debt extinguishment | $8,731 | $— |
| Debt extinguished in non-cash refinancing | $44,745 | $— |
| Debt issued in non-cash refinancing | $44,884 | $— |
| Debt discount related to derivative liability | $23,309 | $— |
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