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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.19B | $1.18B | $1.15B | $1.19B | $891.9M | $1.16B | $1.09B | $1.01B | $801.5M | $651.5M |
| Gross profit | $461.9M | $384.5M | $361.4M | $412.8M | $314.5M | $477.1M | $406.8M | $323.6M | $271.3M | $219.2M |
| Net income | -$419.0M | -$182.9M | -$109.0M | -$14.6M | -$66.8M | $371.2M | $28.8M | -$53.2M | -$432.3M | -$93.5M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3861
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| IMAX | IMAX CORP | $2.93B | 84.7x | 16.5% |
| KODK | EASTMAN KODAK CO | $916.3M | — | 2.5% |
| MITQ | MOVING iMAGE TECHNOLOGIES INC. | $5.2M | — | -9.9% |