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GoPro
GoPro (GPRO) investor relations material
GoPro Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Mar, 2026
Executive summary
Leadership changes included Brian McGee promoted to President and COO, and Brian Tratt to CFO, effective March 17th.
2025 revenue reached $652 million, a 19% decrease year-over-year, with Q4 revenue at $202 million, flat compared to the prior year quarter.
Expanded hardware and software offerings planned for 2025 and 2026, including new cameras, gimbal, and AI-powered features.
Launched AI content licensing program, generating a new high-margin revenue stream and strong subscriber engagement.
U.S. ITC issued exclusion orders against a competitor, reinforcing patent portfolio strength.
Financial highlights
2025 revenue: $652 million, down 19% year-over-year; Q4 revenue $202 million.
Gross margin for 2025 was 33.6%–33.8%, nearly flat year-over-year despite $20 million tariff impact.
Operating expenses reduced by $93 million (26%) year-over-year.
Adjusted EBITDA improved to -$29 million from -$72 million in 2024.
Cash flow from operations improved by $104 million year-over-year.
Outlook and guidance
2026 revenue expected to grow to $750–$800 million, nearly 20% growth at midpoint.
GP3 processor launch in Q2 2026 is expected to drive a more premium camera lineup and expand market reach.
Subscription and service revenue projected to grow ~10%, with ARPU up 10% but subscribers down 7% to 2.2 million.
Operating expenses targeted at $220–$230 million in 2026, further reduction to $200–$210 million in 2027.
Adjusted EBITDA expected to reach $10–$20 million in 2026.
GP3 strategy for higher-tier market competition
Subscription revenue stability vs user decline
Sustainability of R&D and S&M expense reductions
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Next GoPro earnings date
Q1 202611 May, 2026
GoPro
Next GoPro earnings date
Q1 202611 May, 2026
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Frequently asked questions
GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services and software in the United States and internationally. The company's cameras are designed to be used for capturing immersive first-person view (FPV) content of action sport, outdoor adventure, and other life experiences. It offers HERO Session, HERO5 Session, HERO5 Black, HERO6 Black cameras; mounts that include suction cup mount, handlebar/seatpost mounting system, head strap mount, quick release buckles, chest harnesses and helmet mounts; accessories that comprise Wi-Fi remote control units with Bluetooth connectivity to smart devices and tablets for real-time image previewing and control capabilities.
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