Key Highlights

  • USD 104.9 million of second quarter 2026 revenue, down 31.3% on a year earlier, split between USD 76.0 million from hardware and USD 29.0 million from subscriptions and services.
  • A non-GAAP loss of USD 0.21 per share, equal to USD 35.8 million, sat against a GAAP loss of USD 51.0 million, which worked out to USD 0.30 per share, for the second quarter.
  • The third quarter of 2025 generated USD 163 million in revenue, a benchmark the November 16, 2026 report will be judged against.
  • Cash and equivalents fell to USD 27.3 million at June 30, 2026 from USD 49.7 million at year end, while Short-Term Debt climbed to USD 72.7 million from USD 19.6 million.

What to Watch From GoPro, Inc. (NASDAQ:GPRO) Ahead of November 16, 2026

The third quarter 2026 report from GoPro, Inc. (NASDAQ:GPRO), covering the period ended September 30, 2026, is due on Monday, November 16, 2026. On November 10, 2026, the company lodged a late notification for the Form 10-Q covering that quarter, including preliminary views on anticipated revenue, gross Margin and operating expenses. Published market data place the share price near USD 0.84 with about 179.75 million shares outstanding, a calculated Market Value of roughly USD 151 million. Revenue of USD 163 million from the third quarter of 2025 serves as the comparison point.

Second Quarter Sell-Through and Margin Trends at GoPro, Inc. (NASDAQ:GPRO)

Sell-through of camera units reached about 291,000 in the second quarter, a 38% drop. GAAP gross margin was 30.2%, compared with 35.8%, and adjusted EBITDA swung to a loss of USD 29.5 million from a loss of USD 5.7 million. The quarter included a USD 19 million benefit from a Tariff refund and a USD 15 million charge tied to a component purchase commitment. Retail revenue slid 48% to USD 58 million, whereas GoPro.com revenue advanced 13% to USD 47 million. The subscription attach rate hit a record 69%, up from 54%, and subscription ARPU grew 9%. The second quarter release offered no revenue or Earnings guidance.

Liabilities, Cash Flow and the Possible Sale at GoPro, Inc. (NASDAQ:GPRO)

Total liabilities stood at USD 431.1 million at June 30, 2026, and the company reported a stockholders' Deficit of USD 32.7 million, against Equity of USD 76.6 million at year end. Operating cash outflow reached USD 10.2 million during the second quarter and USD 47.4 million across the first half, a stretch in which revenue came to USD 204.0 million and the GAAP net loss totalled USD 131.8 million. In May 2026, directors launched an assessment of a possible sale of GoPro, Inc. (NASDAQ:GPRO) and other strategic options. Watch-list items include covenant compliance, cross-default clauses, going-concern language, tariff costs and the late quarterly report.

Where Things Stand

GoPro, Inc. (NASDAQ:GPRO) heads into its November 16, 2026 report under considerable financial pressure. Second quarter revenue of USD 104.9 million dropped 31.3%, camera units fell 38%, and the adjusted EBITDA deficit deepened to USD 29.5 million. Against USD 72.7 million in short-term obligations, cash of USD 27.3 million appears limited, and equity has slipped below zero to a deficit of USD 32.7 million. Encouraging signs include the subscription attach rate, now 69%, and GoPro.com revenue, which expanded 13%. The late-filing notice and the strategic review launched in May 2026 place Liquidity at the centre of the next report.