| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 99.07 | 26.2% |
| Total Income | 99.07 | 26.2% |
| Expenditure | 156.31 | 12.9% |
| PBT | -78.98 | 75.3% |
| Net Profit | -80.82 | 73.0% |
| OPM | -57.78% | 24.12pp |
| NPM | -81.58% | 46.80pp |
| EPS | — |
GoPro Announces Q1 2026 Results: Revenue of $99 Million
12 May 2026 · 12 May, 1:52 am
Summary
GoPro, Inc. reported its financial results for the first quarter ended March 31, 2026. Revenue was $99 million, down 26% year-over-year. Subscription and service revenue was flat year-over-year at $27 million. The company's GAAP net loss was $81 million, or $(0.50) loss per share, compared to a net loss of $47 million in the prior year quarter. GoPro also announced the launch of its new MISSION 1 Series cameras and is exploring opportunities in the defense and aerospace markets.
Key Highlights
- 1
GoPro's revenue for Q1 2026 was $99 million, a decrease of 26% year-over-year.
- 2
The company's subscription and service revenue remained flat year-over-year at $27 million.
- 3
Sell-through was approximately 313,000 camera units, down 29% year-over-year.
- 4
GAAP gross margin was 4.3%, compared to 32.1% in the prior year quarter.
- 5
GAAP net loss was $81 million, or a $(0.50) loss per share, compared to a net loss of $47 million in the prior year quarter.
- 6
Adjusted EBITDA was negative $50 million compared to negative $16 million in the prior year quarter.
- 7
GoPro launched its new MISSION 1 Series of cameras, marking its entrance into the high end of the digital imaging market.
Management Comments
Brian Tratt
In Q1, revenue of $99 million was within guidance. We made meaningful progress on key metrics—cash used in operations improved $21 million year-over-year to $37 million, operating expenses declined year-over-year, and we continued to reduce both owned and channel inventory sequentially and year-over-year.
Nicholas Woodman
Q1 and the weeks since have been a pivotal period for GoPro. The critically acclaimed launch of our MISSION 1 Series cameras represents our boldest step yet into professional imaging, and our exploration of defense, aerospace and strategic M&A opportunities reflects our belief that there is significant unrealized value in GoPro's technology, IP and brand—value we are committed to realizing on behalf of our shareholders.
Informational and educational content only. Not investment advice.