Gopro Stock Earnings Reports

Key points for investors: GoPro has initiated a formal strategic review and is engaging a financial adviser after unsolicited inbound inquiries following its defense and aerospace outreach; the Board has authorized exploring strategic alternatives (including a potential sale) to maximize shareholder value. The company is working with Oliver Wyman on defense and aerospace opportunities and highlighted NASA's use of GoPro on the Artemis II mission. Product and partnership momentum: GoPro launched the new MISSION 1 Series (professional/prosumer 8K/4K compact cinema cameras) with positive industry awards and reception, and announced partnerships with ASUS (co-branded ProArt GoPro Edition laptop) and DICK’S Sporting Goods/GameChanger (live-streaming bundles). Financials and operational highlights for Q1 2026: revenue was $99 million (down from $134M a year ago); retail channel revenue fell to 61% while direct/GoPro.com rose to 39%; subscription and services revenue held at $27M and attach rate improved to 51%; street ASP improved to $371. Management took discrete actions in the quarter due to macro headwinds (memory costs, supply chain, tariffs) that materially impacted gross margin (reported 4.5% vs. 32.3% prior year)—excluding those discrete actions, gross margin would have been ~31%. Net loss widened to $58M; adjusted EBITDA was negative $50M (would have been negative $25M ex-discrete actions). Cash used in operations improved by $21M to $37M; inventory declined to $72M (down 25% year-over-year). Given macro uncertainty and the strategic review, the company has withdrawn forward-looking guidance and will no longer provide guidance while the process is ongoing. Overall: Management emphasizes new product momentum and strategic options to unlock value, but near-term financials were impacted by discrete cost pressures and macro factors.