Filing Flows › GoPro (GPRO) › Q1 2026
GoPro (GPRO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
GoPro (GPRO) reported revenue of $99.1M for the first quarter 2026 (Q1 2026), -26% from a year earlier and -51% from the quarter before. Operating margin was -57.8%, net loss $76.3M (77.0% of revenue).
GoPro, Q1 2026: revenue $99.1M (-26% year over year), operating margin -57.8%, net loss $76.3M, operating cash flow −$36.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $99.1M | -51% | -26% |
| Operating profit | −$57.2M | — | — |
| Net earnings | −$76.3M | — | — |
| Operating cash flow | −$36.6M | -335% | — |
What changed
Revenue was $99.1M in Q1 2026, down 26% year over year and down 51% from the previous quarter. Hardware was the largest line at 73% of revenue. Hardware lost $35.3M year over year (down 33%), 100% of the total change.
Gross margin was 4.3%, down 27.8 points from Q1 2025. Operating costs exceeded revenue by $57.2M, an operating margin of -57.8%. Operating expenses fell 30% while revenue fell 26%. The quarter ended with a net loss of $76.3M, wider than the previous quarter's $2.1M loss.
Operating cash flow was −$36.6M. Non-cash charges added back $1.8M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $34.9M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$37.7M.
Questions
What was GoPro's revenue in the first quarter 2026?
GoPro (GPRO) reported revenue of $99.1M for the first quarter 2026 (Q1 2026), -26% from a year earlier and -51% from the quarter before.
Was GoPro profitable in the first quarter 2026?
Operating loss was $57.2M (-57.8% of revenue) and net loss $76.3M.
Source: GoPro 10-Q on SEC EDGAR.