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GoPro (GPRO) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 6, 2025

GoPro (GPRO) reported revenue of $163M for the third quarter 2025 (Q3 2025), -37% from a year earlier and +7% from the quarter before. Operating margin was -9.8%, net loss $27.4M (16.8% of revenue).

Revenue$163M
Year over year-37%
Quarter over quarter+7%
Operating margin-9.8%
Net earnings−$27.4M

GoPro, Q3 2025: revenue $163M (-37% year over year), operating margin -9.8%, net loss $27.4M, operating cash flow $12.2M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$163M+7%-37%
Operating profit−$15.9M——
Net earnings−$27.4M——
Operating cash flow$12.2M+39%—
Free cash flow$11.2M+36%—

What changed

Revenue was $162.9M in Q3 2025, down 37% year over year and up 7% from the previous quarter.

Gross margin was 35.1%, down 0.4 points from a year earlier. Operating costs exceeded revenue by $15.9M, an operating margin of -9.8%. Operating expenses fell 27% while revenue fell 37%. The quarter ended with a net loss of $27.4M, wider than the previous quarter's $16.4M loss.

Operating cash flow was $12.2M. Non-cash charges added back $1.8M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items added $33.1M. Capital expenditures of $934K left free cash flow of $11.2M.

Questions

What was GoPro's revenue in the third quarter 2025?

GoPro (GPRO) reported revenue of $163M for the third quarter 2025 (Q3 2025), -37% from a year earlier and +7% from the quarter before.

Was GoPro profitable in the third quarter 2025?

Operating loss was $15.9M (-9.8% of revenue) and net loss $27.4M.

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Source: GoPro 10-Q on SEC EDGAR.