GoPro Announces First Quarter Results
Rhea-AI Summary
GoPro (NASDAQ:GPRO) reported Q1 2026 revenue of $99 million, down 26% year-over-year, with subscription and service revenue flat at $27 million. GAAP gross margin was 4.3%, and GAAP net loss was $81 million or $(0.50) per share.
Cash used in operations improved by $21 million year-over-year to $37 million. The board authorized a review of strategic alternatives. GoPro launched its new MISSION 1 high-end cinema camera series and announced partnerships with DICK's/GameChanger and ASUS, and began exploring defense and aerospace opportunities.
AI-generated analysis. Not financial advice.
Positive
- Cash used in operations improved $21 million year-over-year to $37 million
- Subscription and services revenue stable at $26.9 million year-over-year
- Board authorized review of strategic alternatives with a financial advisor
- Launch of MISSION 1 Series expands into high-end digital imaging market
- New partnerships with DICK's/GameChanger and ASUS ProArt co-branded laptop
Negative
- Total revenue down 26.2% year-over-year to $99.1 million
- Hardware revenue declined 32.8% year-over-year to $72.2 million
- GAAP gross margin dropped to 4.3% from 32.1% year-over-year
- GAAP net loss widened 73% to $80.8 million; $(0.50) per share
- Non-GAAP net loss nearly tripled to $57.7 million year-over-year
- Adjusted EBITDA loss increased to $49.8 million from $15.7 million
Key Figures
Market Reality Check
Peers on Argus
GPRO showed a modest -1.44% move while peers were mixed: ZEPP -16.98%, SONO +1.06%, VUZI +8.74%, WTO +0.65%, UEIC -1.15%. This points to company-specific trading rather than a broad consumer electronics move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 24 | Earnings webcast notice | Neutral | +3.1% | Announced date and access details for Q1 2026 earnings webcast. |
| Feb 05 | Earnings webcast notice | Neutral | +1.2% | Outlined timing and access for Q4 2025 and full-year 2025 results call. |
| Nov 06 | Q3 2025 results | Negative | -10.0% | Reported Q3 2025 revenue decline, losses and negative adjusted EBITDA. |
| Oct 16 | Earnings webcast notice | Neutral | -4.3% | Set schedule and logistics for Q3 2025 earnings release and call. |
| Aug 11 | Q2 2025 results | Negative | -3.8% | Q2 2025 revenue fell YoY despite margin gains and cost reductions. |
Past earnings-related headlines often saw modest negative reactions on actual result releases, with webcast notices drawing smaller, mixed moves.
Recent earnings-related events for GoPro show continued revenue pressure and losses. Q2 2025 revenue was $153M, down year-over-year, though gross margin improved to 36.0%. Q3 2025 revenue was $163M, down 37% YoY, with GAAP net loss of $21M. Webcast announcements on Aug 11, 2025, Nov 6, 2025, Feb 5, 2026, and Apr 24, 2026 produced relatively small price moves. Today’s Q1 2026 results, with sharply lower revenue and margins, extend this challenging earnings trajectory.
Historical Comparison
In the past year, GPRO earnings-related headlines averaged a -2.76% move. Prior result releases with revenue declines and losses tended to see mild negative reactions, framing expectations for how markets have treated similar updates.
Across recent quarters, GoPro’s earnings updates featured declining revenue, ongoing GAAP and non-GAAP losses, and efforts to improve margins and cut operating expenses, setting the backdrop for today’s weaker Q1 2026 performance and strategic review process.
Market Pulse Summary
This announcement combines weak Q1 2026 financials with a strategic review and the high-end MISSION 1 camera launch. Revenue fell to $99M, GAAP gross margin dropped to 4.3%, and GAAP net loss widened to $80.8M, while subscription and services held at about $27M. Historically, earnings updates have shown persistent losses and revenue declines. Investors may watch execution on new markets, cost reductions, and subscription stability in upcoming quarters.
Key Terms
gaap financial
non-gaap financial
adjusted ebitda financial
gross margin financial
AI-generated analysis. Not financial advice.
Revenue of
Subscription and Service Revenue of
New MISSION 1 Series of Cameras Positions GoPro to Compete at the High End of the Digital Imaging Market
"In Q1, revenue of
"Q1 and the weeks since have been a pivotal period for GoPro. The critically acclaimed launch of our MISSION 1 Series cameras represents our boldest step yet into professional imaging, and our exploration of defense, aerospace and strategic M&A opportunities reflects our belief that there is significant unrealized value in GoPro's technology, IP and brand—value we are committed to realizing on behalf of our shareholders," said Nicholas Woodman, GoPro's founder and CEO.
Q1 2026 Financial Results
- Revenue was
, down$99 million 26% year-over-year. - Sell-through was approximately 313,000 camera units, down
29% year-over-year. - Subscription and service revenue was flat year-over-year at
. GoPro subscriber count ended Q1 at 2.26 million, down$27 million 8% year-over-year. - Revenue from the retail channel was
, or$61 million 61% of total revenue and down35% year-over-year. GoPro.com revenue, including subscription and service revenue, was , or$38 million 39% of total revenue and down6% year-over-year. - GAAP gross margin was
4.3% compared to32.1% in the prior year quarter. Non-GAAP gross margin was4.5% compared to32.3% in the prior year quarter. GAAP and non-GAAP gross margin for Q1 2026 included a discrete charge related to certain component purchase commitments and$24.5 million sale of slow-moving inventory.$4.5 million - GAAP net loss was
, or a$81 million loss per share, compared to a net loss of$(0.50) or a$47 million loss per share, in the prior year quarter. Non-GAAP net loss was$(0.30) , or a$58 million loss per share, compared to a net loss of$(0.35) or a$19 million loss per share, in the prior year quarter. GAAP and non-GAAP net loss for Q1 2026 included a discrete$(0.12) charge related to certain component purchase commitments and$24.5 million sale of slow-moving inventory.$4.5 million - Adjusted EBITDA was negative
compared to negative$50 million in the prior year quarter.$16 million
Recent Business Highlights
- In May, GoPro launched its new MISSION 1 Series of cameras—the world's smallest, lightest, and most rugged 8K and 4K open gate, compact cinema cameras for filmmakers, creators and aspiring enthusiasts. The new lineup is comprised of three camera models—MISSION 1 PRO, MISSION 1 PRO ILS and MISSION 1. The launch of the MISSION 1 Series marks GoPro's entrance into the high end of the digital imaging market.
- In April, GoPro announced plans to formally explore global defense and aerospace market opportunities, engaging leading management consulting firm Oliver Wyman to assess addressable market segments, product synergies, and go-to-market strategies in imaging, unmanned, and related markets representing billions of dollars in opportunity.
- In March, GoPro announced a partnership with DICK's Sporting Goods and integration with their GameChanger app, the number-one-rated youth sports app used by more than nine million active users, for scorekeeping, live streaming, statistics, and team management. This partnership combines GoPro's industry-leading video quality with GameChanger's easy-to-use live streaming service, making it simple for families to use their GoPro to capture and share game day.
- In January, GoPro announced a partnership with ASUS, a leading Taiwanese multinational technology company, and launched a co-branded ASUS ProArt GoPro Edition laptop. The laptop was purpose-built by ASUS to support GoPro content creator workflows. Early traction has far exceeded ASUS's expectations for the ProArt line, reinforcing the strength of GoPro's brand in technology collaborations.
Results Summary:
($ in thousands, except per share amounts) | Three months ended March 31, | ||||
2026 | 2025 | % Change | |||
Revenue | |||||
Hardware revenue | $ 72,150 | $ 107,419 | (32.8) % | ||
Subscription and services revenue | 26,915 | 26,889 | 0.1 % | ||
Total revenue | $ 99,065 | $ 134,308 | (26.2) % | ||
Gross margin | |||||
GAAP | 4.3 % | 32.1 % | (2,780) bps | ||
Non-GAAP | 4.5 % | 32.3 % | (2,780) bps | ||
Operating loss | |||||
GAAP | $ (57,245) | $ (45,208) | 26.6 % | ||
Non-GAAP | $ (54,137) | $ (18,660) | 190.1 % | ||
Net loss | |||||
GAAP | $ (80,820) | $ (46,709) | 73.0 % | ||
Non-GAAP | $ (57,676) | $ (19,444) | 196.6 % | ||
Diluted net loss per share | |||||
GAAP | $ (0.50) | $ (0.30) | 66.7 % | ||
Non-GAAP | $ (0.35) | $ (0.12) | 191.7 % | ||
Adjusted EBITDA | $ (49,781) | $ (15,707) | 216.9 % | ||
Conference Call
GoPro management will host a conference call and live webcast for analysts and investors today at 2 p.m. Pacific Time (5 p.m. Eastern Time) to discuss the Company's financial results.
Prior to the start of the call, the Company will post Management Commentary on the "Events & Presentations" section of its investor relations website at https://investor.gopro.com. Management will make brief opening comments before taking questions.
To listen to the live conference call, please dial +1 833-461-5787 (US) or +1 585-542-9983 (International) and enter access code 163668947, approximately 15 minutes prior to the start of the call. A live webcast of the conference call will be accessible on the "Events & Presentations" section of the Company's website at https://investor.gopro.com. An archived audio webcast will be accessible for at least 90 days on GoPro's website, https://investor.gopro.com.
About GoPro, Inc. (NASDAQ: GPRO)
GoPro helps the world capture and share itself in immersive and exciting ways.
Connect with GoPro on Instagram, YouTube, TikTok, Facebook, X, LinkedIn, and GoPro's blog, The Current. Members of the press can access official logos and imagery on our press portal. For more information, visit GoPro.com.
GoPro, HERO, MAX, MISSION and their respective logos are trademarks or registered trademarks of GoPro, Inc. in
Note Regarding Use of Non-GAAP Financial Measures
GoPro reports gross profit, gross margin percentage, operating expenses, operating income (loss), other income (expense), tax expense (benefit), net income (loss) and diluted net income (loss) per share in accordance with
Note on Forward-looking Statements
This press release may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words such as "anticipate," "believe," "estimate," "expect," "intend," "should," "will," "plan" and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements in this press release may include but are not limited to statements regarding our expectations regarding revenue, profitability, improved gross margin, and reduced operating expenses; cash flow improvement and inventory reduction; the launch and market positioning of the MISSION 1 Series cameras in the high-end digital imaging market; our exploration of defense and aerospace market opportunities; our evaluation of strategic alternatives, including a potential sale or merger of the Company; subscription and service revenue and subscriber retention; partnerships and brand collaborations, including with DICK's Sporting Goods and ASUS; and unrealized value in GoPro's technology, intellectual property, and brand. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to achieve our revenue growth or profitability in the future, and if revenue growth or profitability is achieved, the inability to sustain it; substantial doubt about our ability to continue as a going concern and impact on lenders, suppliers, contract manufacturers, retailers and distributors; the fact that an economic downturn or economic uncertainty in our key
GoPro, Inc. Preliminary Condensed Consolidated Statements of Operations (unaudited) | |||
Three months ended March 31, | |||
(in thousands, except per share data) | 2026 | 2025 | |
Revenue | |||
Hardware | $ 72,150 | $ 107,419 | |
Subscription and services | 26,915 | 26,889 | |
Total revenue | 99,065 | 134,308 | |
Cost of revenue | |||
Hardware | 85,689 | 83,596 | |
Subscription and services | 9,070 | 7,563 | |
Total cost of revenue | 94,759 | 91,159 | |
Gross profit | 4,306 | 43,149 | |
Operating expenses: | |||
Research and development | 28,435 | 29,557 | |
Sales and marketing | 23,218 | 23,258 | |
General and administrative | 9,898 | 16,942 | |
Goodwill impairment | — | 18,600 | |
Total operating expenses | 61,551 | 88,357 | |
Operating loss | (57,245) | (45,208) | |
Other income (expense): | |||
Interest expense | (4,118) | (797) | |
Other income (expense), net | (17,612) | 948 | |
Total other income (expense), net | (21,730) | 151 | |
Loss before income taxes | (78,975) | (45,057) | |
Income tax expense | 1,845 | 1,652 | |
Net loss | $ (80,820) | $ (46,709) | |
Basic and diluted net loss per share | $ (0.50) | $ (0.30) | |
Shares used to compute basic and diluted net loss per share | 163,208 | 156,438 | |
GoPro, Inc. Preliminary Condensed Consolidated Balance Sheets (unaudited)
| |||
(in thousands) | March 31, | December 31, | |
Assets | |||
Current assets: | |||
Cash and cash equivalents | $ 40,723 | $ 49,674 | |
Accounts receivable, net | 61,858 | 93,513 | |
Inventory | 72,205 | 78,431 | |
Prepaid expenses and other current assets | 32,508 | 30,951 | |
Total current assets | 207,294 | 252,569 | |
Property and equipment, net | 7,772 | 5,903 | |
Operating lease right-of-use assets | 10,580 | 11,138 | |
Goodwill | 133,751 | 133,751 | |
Other long-term assets | 21,958 | 24,622 | |
Total assets | $ 381,355 | $ 427,983 | |
Liabilities and Stockholders' Equity | |||
Current liabilities: | |||
Accounts payable | $ 91,366 | $ 97,012 | |
Accrued expenses and other current liabilities | 130,146 | 95,856 | |
Short-term operating lease liabilities | 10,319 | 12,069 | |
Deferred revenue | 53,077 | 52,636 | |
Short-term debt | 71,954 | 19,598 | |
Total current liabilities | 356,862 | 277,171 | |
Long-term taxes payable | 14,146 | 13,544 | |
Long-term debt | — | 44,322 | |
Long-term operating lease liabilities | 6,397 | 7,329 | |
Other long-term liabilities | 5,819 | 9,067 | |
Total liabilities | 383,224 | 351,433 | |
Stockholders' equity: | |||
Common stock and additional paid-in capital | 1,047,276 | 1,044,875 | |
Treasury stock, at cost | (193,231) | (193,231) | |
Accumulated deficit | (855,914) | (775,094) | |
Total stockholders' equity | (1,869) | 76,550 | |
Total liabilities and stockholders' equity | $ 381,355 | $ 427,983 | |
GoPro, Inc. Preliminary Condensed Consolidated Statements of Cash Flows (unaudited) | |||
Three months ended March 31, | |||
(in thousands) | 2026 | 2025 | |
Operating activities: | |||
Net loss | $ (80,820) | $ (46,709) | |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Depreciation and amortization | 1,794 | 1,718 | |
Non-cash operating lease cost | 1,360 | (215) | |
Stock-based compensation | 2,998 | 5,370 | |
Goodwill impairment | — | 18,600 | |
Deferred income taxes, net | 573 | 103 | |
Loss on extinguishment of debt | 8,870 | — | |
Derivative expense | 7,552 | — | |
Change in fair value of derivative liabilities | 5,652 | — | |
Other | 2,124 | 106 | |
Net changes in operating assets and liabilities | 13,279 | (36,159) | |
Net cash used in operating activities | (36,618) | (57,186) | |
Investing activities: | |||
Purchases of property and equipment, net | (1,043) | (1,305) | |
Net cash used in investing activities | (1,043) | (1,305) | |
Financing activities: | |||
Proceeds from issuance of common stock | 303 | 374 | |
Taxes paid related to net share settlement of equity awards | (429) | (503) | |
Proceeds from borrowings | 30,250 | 25,000 | |
Repayments of borrowings | (375) | — | |
Payment of debt issuance costs | (941) | — | |
Net cash provided by financing activities | 28,808 | 24,871 | |
Effect of exchange rate changes on cash and cash equivalents | (98) | 443 | |
Net change in cash and cash equivalents | (8,951) | (33,177) | |
Cash and cash equivalents at beginning of period | 49,674 | 102,811 | |
Cash and cash equivalents at end of period | $ 40,723 | $ 69,634 | |
GoPro, Inc.
Reconciliation of Preliminary GAAP to Non-GAAP Financial Measures
To supplement our unaudited selected financial data presented on a basis consistent with GAAP, we disclose certain non-GAAP financial measures, including non-GAAP gross profit, gross margin percentage, operating expenses, operating income (loss), other income (expense), tax expense (benefit), net income (loss), diluted net income (loss) per share and adjusted EBITDA. We also provide forecasts of non-GAAP gross margin, non-GAAP operating expenses, non-GAAP other income (expense), non-GAAP tax expense (benefit), non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. We use non-GAAP financial measures to help us understand and evaluate our core operating performance and trends, to prepare and approve our annual budget, and to develop short-term and long-term operational plans. Our management uses and believes that investors benefit from referring to these non-GAAP financial measures in assessing our operating results. These non-GAAP financial measures should not be considered in isolation from, or as an alternative to, the measures prepared in accordance with GAAP, and are not based on any comprehensive set of accounting rules or principles. We believe that these non-GAAP measures, when read in conjunction with our GAAP financials, provide useful information to investors by facilitating:
- the comparability of our on-going operating results over the periods presented;
- the ability to identify trends in our underlying business; and
- the comparison of our operating results against analyst financial models and operating results of other public companies that supplement their GAAP results with non-GAAP financial measures.
These non-GAAP financial measures have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. Some of these limitations are:
- adjusted EBITDA does not reflect income tax expense (benefit), which may change cash available to us;
- adjusted EBITDA does not reflect interest income (expense), which may reduce cash available to us;
- adjusted EBITDA excludes depreciation and amortization and, although these are non-cash charges, the property and equipment being depreciated and amortized often will have to be replaced in the future, and adjusted EBITDA does not reflect any cash capital expenditure requirements for such replacements;
- adjusted EBITDA excludes the amortization of point of purchase (POP) display assets because it is a non-cash charge, and is treated similarly to depreciation of property and equipment and amortization of acquired intangible assets;
- adjusted EBITDA and non-GAAP net income (loss) exclude restructuring and other related costs which primarily include severance-related costs, stock-based compensation expenses, manufacturing consolidation charges, facilities consolidation charges recorded in connection with restructuring actions, including right-of-use asset impairment charges (if applicable), and the related ongoing operating lease cost of those facilities recorded under ASC 842, Leases. These expenses do not reflect expected future operating expenses and do not contribute to a meaningful evaluation of current operating performance or comparisons to the operating performance in other periods;
- adjusted EBITDA and non-GAAP net income (loss) exclude stock-based compensation expense related to equity awards granted primarily to our workforce. We exclude stock-based compensation expense because we believe that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding operational performance. In particular, we note that companies calculate stock-based compensation expense for the variety of award types that they employ using different valuation methodologies and subjective assumptions. These non-cash charges are not factored into our internal evaluation of non-GAAP net income (loss) as we believe their inclusion would hinder our ability to assess core operational performance;
- adjusted EBITDA and non-GAAP net income (loss) excludes any gain or loss on the extinguishment of debt because it is not reflective of ongoing operating results in the period, and the frequency and amount of such gains and losses vary;
- adjusted EBITDA and non-GAAP net income (loss) excludes a gain (loss) on insurance proceeds because it is not reflective of ongoing operating results in the period, and the frequency and amount of such gains and losses vary;
- adjusted EBITDA and non-GAAP net income (loss) excludes a gain (loss) on the revaluation of warrants because it is not reflective of ongoing operating results in the period, and hinders our ability to assess core operational performance;
- adjusted EBITDA and non-GAAP net income (loss) excludes a gain (loss) related to a derivative liability because it is not reflective of ongoing operating results in the period, and hinders our ability to assess core operational performance;
- adjusted EBITDA and non-GAAP net income (loss) excludes goodwill impairment charges as they do not reflect ongoing operating results in the period and hinders our ability to assess core operational performance;
- non-GAAP net income (loss) excludes acquisition-related costs including the amortization of acquired intangible assets (primarily consisting of acquired technology), the impairment of acquired intangible assets (if applicable), as well as third-party transaction costs incurred for legal and other professional services. These costs are not factored into our evaluation of potential acquisitions, or of our performance after completion of the acquisitions because these costs are not related to our core operating performance or reflective of ongoing operating results in the period, and the frequency and amount of such costs vary significantly based on the timing and magnitude of our acquisition transactions and the maturities of the businesses being acquired. Although we exclude the amortization of acquired intangible assets from our non-GAAP net income (loss), management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and can contribute to revenue generation;
- non-GAAP net income (loss) excludes a gain on the sale and/or license of intellectual property. This gain is not related to our core operating performance or reflective of ongoing operating results in the period, and the frequency and amount of such gains are inconsistent;
- non-GAAP net income (loss) excludes non-cash interest expense as it is not related to our core operating performance or reflective of ongoing operating results in the period;
- non-GAAP net income (loss) includes income tax adjustments which reflect the current and deferred income tax expense (benefit) and the effect of non-GAAP adjustments;
- GAAP and non-GAAP net income (loss) per share includes the dilutive, tax effected cash interest expense associated with our 2025 convertible senior notes and Convertible Debentures in periods of net income, as if converted at the beginning of the period; and
- other companies may calculate these non-GAAP financial measures differently than we do, limiting their usefulness as comparative measures.
GoPro, Inc. Reconciliation of Preliminary GAAP to Non-GAAP Financial Measures (unaudited) | |||
Reconciliations of non-GAAP financial measures are set forth below: | |||
Three months ended March 31, | |||
(in thousands, except per share data) | 2026 | 2025 | |
GAAP net loss | $ (80,820) | $ (46,709) | |
Stock-based compensation: | |||
Cost of revenue | 144 | 248 | |
Research and development | 1,560 | 2,820 | |
Sales and marketing | 575 | 882 | |
General and administrative | 719 | 1,420 | |
Total stock-based compensation | 2,998 | 5,370 | |
Acquisition-related costs: | |||
Research and development | 469 | 469 | |
General and administrative | 1 | 3 | |
Total acquisition-related costs | 470 | 472 | |
Restructuring and other costs: | |||
Cost of revenue | (15) | (13) | |
Research and development | (215) | 591 | |
Sales and marketing | (125) | 385 | |
General and administrative | (5) | 1,143 | |
Total restructuring and other costs | (360) | 2,106 | |
Non-cash interest expense | 1,845 | — | |
(Gain) loss on insurance recovery | — | (424) | |
Loss on extinguishment of debt | 8,870 | — | |
(Gain) loss on revaluation of warrants | (2,750) | — | |
(Gain) loss related to derivative liabilities | 13,204 | — | |
(Gain) loss on sale and/or license of intellectual property | (1,200) | — | |
Goodwill impairment | — | 18,600 | |
Income tax adjustments | 67 | 1,141 | |
Non-GAAP net loss | $ (57,676) | $ (19,444) | |
GAAP and non-GAAP shares for diluted net loss per share | 163,208 | 156,438 | |
GAAP diluted net loss per share | $ (0.50) | $ (0.30) | |
Non-GAAP diluted net loss per share | $ (0.35) | $ (0.12) | |
Three months ended March 31, | |||
(dollars in thousands) | 2026 | 2025 | |
GAAP gross margin as a % of revenue | 4.3 % | 32.1 % | |
Stock-based compensation | 0.2 | 0.2 | |
Non-GAAP gross margin as a % of revenue | 4.5 % | 32.3 % | |
GAAP operating expenses | $ 61,551 | $ 88,357 | |
Stock-based compensation | (2,854) | (5,122) | |
Acquisition-related costs | (470) | (472) | |
Restructuring and other costs | 345 | (2,119) | |
Goodwill impairment | — | 18,600 | |
Non-GAAP operating expenses | $ 58,572 | $ 62,044 | |
GAAP operating loss | $ (57,245) | $ (45,208) | |
Stock-based compensation | 2,998 | 5,370 | |
Acquisition-related costs | 470 | 472 | |
Restructuring and other costs | (360) | 2,106 | |
Goodwill impairment | — | 18,600 | |
Non-GAAP operating loss | $ (54,137) | $ (18,660) | |
Three months ended March 31, | |||
(in thousands) | 2026 | 2025 | |
GAAP net loss | $ (80,820) | $ (46,709) | |
Income tax expense | 1,845 | 1,652 | |
Interest expense, net | 3,669 | 248 | |
Depreciation and amortization | 1,794 | 1,718 | |
POP display amortization | 1,769 | 1,732 | |
Stock-based compensation | 2,998 | 5,370 | |
(Gain) loss on insurance recovery | — | (424) | |
Loss on extinguishment of debt | 8,870 | — | |
(Gain) loss on revaluation of warrants | (2,750) | — | |
(Gain) loss related to derivative liabilities | 13,204 | — | |
Goodwill impairment | — | 18,600 | |
Restructuring and other costs | (360) | 2,106 | |
Adjusted EBITDA | $ (49,781) | $ (15,707) | |
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SOURCE GoPro, Inc.