GoPro, Inc. GPRO
GoPro helps the world capture and share itself in immersive and exciting ways. Our cameras, mountable and wearable accessories, subscription and service, and implied post contract support have generated substantially all of our revenue. We sell our products globally through retailers, distributors, and on GoPro.com.
Our product offerings include cameras, mounts and accessories, lifestyle gear, applications, and subscription and services. In recent years, we have seen increased competition with new product offerings that address either new markets or solutions, which has resulted in market share loss. We believe our strategy of investing in our new next-generation, AI-driven system-on-chip (SoC), GP3, will result in new types and categories of cameras and accessories, and subscription and service offerings that will improve our performance moving forward. See Products for additional information.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $651.5M | $801.5M | $1.01B | $1.09B | $1.16B | $891.9M | $1.19B | $1.15B | $1.18B | $1.19B |
| Cost of revenue | $432.4M | $530.2M | $681.9M | $686.7M | $684.0M | $577.4M | $781.9M | $786.9M | $795.2M | $723.6M |
| Gross profit | $219.2M | $271.3M | $323.6M | $406.8M | $477.1M | $314.5M | $412.8M | $361.4M | $384.5M | $461.9M |
| R&D | $126.8M | $185.9M | $165.7M | $139.9M | $141.5M | $131.6M | $142.9M | $167.3M | $229.3M | $358.9M |
| SG&A | $56.4M | $59.8M | $63.8M | $61.0M | $65.7M | $68.4M | $65.8M | $66.0M | $82.1M | $107.4M |
| Total operating expenses | $302.5M | $406.3M | $399.0M | $367.9M | $363.9M | $351.3M | $415.1M | $455.4M | $548.0M | $834.9M |
| Operating income | -$83.3M | -$135.0M | -$75.5M | $39.0M | $113.2M | -$36.8M | -$2.3M | -$94.0M | -$163.5M | -$373.0M |
| Interest expense | — | $3.3M | $4.7M | $6.2M | $22.9M | $20.3M | $19.2M | $18.7M | $13.7M | $3.0M |
| Pre-tax income | -$91.4M | -$133.1M | -$67.7M | $34.5M | $90.1M | -$62.0M | -$19.1M | -$107.7M | -$176.4M | -$375.2M |
| Income tax | $2.0M | $299.2M | $14.6M | $5.6M | $281.1M | $4.8M | $4.4M | $1.4M | $6.5M | $43.8M |
| Net income | -$93.5M | -$432.3M | -$53.2M | $28.8M | $371.2M | -$66.8M | -$14.6M | -$109.0M | -$182.9M | -$419.0M |
| EPS, basic | — | -2.82 | -0.35 | 0.18 | 2.41 | -0.45 | -0.10 | — | -1.32 | -3.01 |
| EPS, diluted | -0.59 | -2.82 | -0.35 | 0.18 | 2.27 | -0.45 | -0.10 | -0.78 | -1.32 | -3.01 |
| Shares, diluted (wtd. avg.) | $158.6M | $153.1M | $153.3M | $178.3M | $163.2M | $149.0M | $144.9M | — | $138.1M | $139.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $49.7M | $102.8M | $222.7M | $223.7M | $401.1M | $327.7M | $150.3M | $152.1M | $202.5M | $192.1M |
| Short-term investments | — | $0 | $23.9M | $143.6M | $137.8M | $0 | $14.8M | $45.4M | $44.9M | $25.8M |
| Receivables | $93.5M | $85.9M | $91.5M | $77.0M | $114.2M | $107.2M | $200.6M | $129.2M | $112.9M | $164.6M |
| Inventory | $78.4M | $120.7M | $106.3M | $127.1M | $86.4M | $97.9M | $144.2M | $116.5M | $150.6M | $167.2M |
| Total current assets | $252.6M | $339.2M | $482.6M | $606.0M | $781.9M | $556.7M | $536.0M | $474.1M | $573.7M | $587.8M |
| Property, plant and equipment | $5.9M | $8.7M | $8.7M | $13.3M | $19.0M | $23.7M | $36.5M | $46.6M | $68.6M | $76.5M |
| Goodwill | $133.8M | $152.4M | $5.9M | $146.5M | $146.5M | $146.5M | $146.5M | $146.5M | $146.5M | $146.5M |
| Other intangibles | $4.1M | $6.0M | $15.0K | $15.0K | $62.0K | $1.2M | $5.2M | $13.1M | $24.5M | $33.5M |
| Total assets | $428.0M | $543.7M | $968.0M | $1.08B | $1.26B | $771.4M | $792.8M | $698.4M | $850.2M | $922.6M |
| Accounts payable | $97.0M | $85.9M | $102.6M | $91.6M | $171.5M | $111.4M | $160.7M | $148.5M | $138.3M | $205.0M |
| Short-term debt | $19.6M | $93.2M | — | — | $122.4M | — | — | — | — | — |
| Total current liabilities | $277.2M | $356.3M | $279.1M | $275.9M | $474.8M | $262.7M | $327.1M | $299.5M | $370.5M | $430.7M |
| Long-term debt | $44.3M | $0 | $92.6M | $141.0M | $111.3M | $218.2M | $148.8M | $139.0M | $130.0M | $0 |
| Total liabilities | $351.4M | $392.0M | $412.1M | $465.4M | $644.0M | $555.4M | $559.3M | $486.2M | $551.5M | $475.7M |
| Retained earnings | -$775.1M | -$681.6M | -$249.3M | -$196.1M | $47.1M | -$650.5M | -$583.7M | -$569.0M | -$442.1M | -$274.7M |
| Total equity | $76.5M | $151.7M | $555.8M | $611.6M | $615.9M | $216.0M | $233.5M | $212.1M | $298.7M | $446.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$20.7M | -$125.1M | -$32.9M | $5.7M | $229.2M | $93.8M | -$24.4M | -$42.4M | -$36.9M | -$107.8M |
| Depreciation and amortisation | $7.1M | $6.5M | $6.2M | $8.6M | $11.0M | $19.1M | $26.3M | $35.1M | $41.5M | $41.6M |
| Stock-based compensation | $19.5M | $29.1M | $41.5M | $39.0M | $38.6M | $30.0M | $37.2M | $40.9M | $51.3M | $69.5M |
| Capital expenditure | $3.4M | $4.0M | $1.5M | $3.4M | $5.5M | $4.9M | $8.3M | $11.0M | $24.1M | $43.6M |
| Investing cash flow | -$3.4M | $7.7M | $121.9M | -$8.4M | -$143.7M | $9.5M | $22.8M | -$6.2M | -$43.1M | $19.3M |
| Financing cash flow | -$30.1M | -$929.0K | -$90.4M | -$173.3M | -$9.9M | $72.0M | -$1.0M | -$1.5M | $88.6M | $2.0M |
| Buybacks | $0 | $0 | $40.0M | $39.6M | $0 | $0 | — | — | $78.0M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-026268.
Others in SIC 3861
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| IMAX | IMAX CORP | $2.83B | 82.0x | 16.5% |
| KODK | EASTMAN KODAK CO | $909.5M | — | 2.5% |
| MITQ | MOVING iMAGE TECHNOLOGIES INC. | $6.0M | — | -9.9% |