GoPro, Inc. (GPRO) Form 8-K — Oct 16, 2026
GoPro disclosed on October 16, 2026 that its FY2025 audited financial statements and its Q3 2025, Q1 2026, and Q2 2026 financial statements were materially misstated and should no longer be relied upon. The errors stemmed from incorrect accounting for warrant liabilities issued to Mateo Financing and convertible debentures issued to YA II PN, Ltd., including wrong Black-Scholes valuation inputs and a flawed embedded-derivative bifurcation. The restatements are non-cash and do not affect revenue, gross margin, operating loss, cash, or operating cash flows, but they shift net loss by up to roughly $7 million in a given period.
Key figures
- Total Debt
- 36600000
- Note
- Revenue, gross margin, operating loss, cash, operating cash flows, and non-GAAP operating income were NOT affected
- Restated fy2025 net loss
- $92.6 million (vs $93.5 million previously reported)
- Restated h1 2026 net loss
- $127.5 million (vs $131.8 million previously reported)
- Restated q1 2026 net loss
- $76.3 million (vs $80.8 million previously reported)
- Restated q3 2025 net loss
- $27.4 million (vs $21.3 million previously reported)
- Warrant liability understatement
- $8.1 million
- Restated short term debt jun 2026
- $81.6 million (vs $72.7 million previously reported)
- Stockholders equity overstatement sep 2025
- $6.2 million
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