GoPro, Inc. (GPRO) Earnings History

GoPro, Inc. - Q3 FY2025 Earnings

Filed at: Nov 6, 2025, 3:03 PM EST|Read from source

EXECUTIVE SUMMARY

GoPro reported a challenging third quarter with significant revenue decline, but highlighted strategic product launches and improved cash flow from operations, expecting a return to growth and profitability in Q4 2025 and 2026.

POSITIVE HIGHLIGHTS

  • •

    Cash Flow from Operations was $12 million, a $14 million improvement year-over-year, marking the second consecutive quarter of positive cash flow.

    positive
  • •

    Sell-through exceeded expectations by 5%.

    positive
  • •

    Channel inventory declined 30% from a year ago and has reduced for four consecutive quarters.

    positive
  • •

    Launched three new TAM-expanding hardware products: MAX2 360 camera, LIT HERO camera, and Fluid Pro AI gimbal, along with new software offerings.

    neutral

CONCERNS & RISKS

  • •

    Revenue was $163 million, down 37% year-over-year.

    negative
  • •

    Sell-through was approximately 500,000 camera units, down 18% year-over-year.

    negative
  • •

    Subscription and service revenue was down 3% year-over-year at $27 million, and GoPro subscriber count ended Q3 at 2.42 million, down 5% year-over-year.

    negative
  • •

    GAAP net loss was $21 million, or a $(0.13) loss per share, compared to a net loss of $8 million or a $(0.05) loss per share, in the prior year quarter.

    negative

FINANCIAL METRICS

Revenue
Quarterly
$162.92M
-37.1%
Prior year: $258.90M
Annual (YTD)
$449.87M
N/A
Prior year: $600.59M
Net Income
Quarterly
$-21.25M
+158.8%
Prior year: $-8.21M
Annual (YTD)
$-84.38M
N/A
Prior year: $-395.12M
EPS (Diluted)
Quarterly
$-0.13
+160.0%
Prior year: $-0.05
Annual (YTD)
$-0.53
N/A
Prior year: $-2.59
Operating Income
Quarterly
$-15.88M
+98.3%
Prior year: $-8.01M
Annual (YTD)
$-75.10M
N/A
Prior year: $-95.93M
EPS (Basic)
Quarterly
$-0.13
+160.0%
Prior year: $-0.05
Annual (YTD)
$-0.53
N/A
Prior year: $-2.59

MARGIN ANALYSIS

Gross Margin
Current Quarter
35.1%
Prior Year
35.5%
YoY Change
-40 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT GUIDANCE

FY 2026

profitability
"Expect to return to profitability."

Q4 2025

revenue
"Expect to return to revenue growth."
profitability
"Expect to return to profitability."

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

SPECIAL ITEMS & ADJUSTMENTS

Nine months ended September 30, 2025
Goodwill impairment
Impacts comparability of operating income and goodwill balance.
+$18.6M

Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.

MANAGEMENT COMMENTARY

Q3 marked a meaningful step forward in strategy to diversify, grow and restore profitability.

— GoPro, Inc., Q3 FY2025 2025 Earnings Call

Successfully launched three new TAM-expanding hardware products and several new software offerings.

— GoPro, Inc., Q3 FY2025 2025 Earnings Call

Expect to return to revenue growth and profitability beginning Q4 2025 and in 2026.

— GoPro, Inc., Q3 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Sell Through Units
500.0K
-18.0% YoY
Prior year: 609.8K
cameras
Subscriber Count
2.4M
-5.0% YoY
Prior year: 2.5M
subscribers

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.