GoPro Fails to Impress After Reporting Q3 Earnings Miss

"GoPro posted a loss of $0.09 per share, worse than the $0.04 loss consensus expected. Revenue came in at $163 million, down 37% year-over-year. That's a significant deterioration from an already difficult 2025. The net loss expanded to $21.3 million from $8.2 million in the prior year quarter. I'd focus on that bottom-line erosion. It signals the company is burning through more cash even as it tries to execute a turnaround."

"Operating cash flow swung positive to $12.2 million, compared to negative $2.2 million in Q3 2024. That's a meaningful 642% improvement and the clearest sign that management is gaining control over working capital. Channel inventory declined 30% year-over-year, suggesting better demand alignment and less excess stock clogging the system. Sell-through also exceeded expectations by 5%, a small but real win in a quarter otherwise marked by contraction. The company launched three new products: the MAX2 360-camera with 8K video, the LIT HERO ultra-compact lifestyle camera."

GoPro reported Q3 2025 results with a loss of $0.09 per share versus a $0.04 loss consensus and revenue of $163 million, down 37% year-over-year. Net loss expanded to $21.3 million from $8.2 million a year earlier. Operating cash flow turned positive to $12.2 million from negative $2.2 million, a 642% improvement. Channel inventory declined 30% year-over-year and sell-through exceeded expectations by 5%. Retail revenue fell 41% to $123 million and direct-to-consumer revenue dropped 22% to $40 million. Gross profit declined 38% to $57.2 million and cash on hand fell 55% to $58.4 million.

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