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GoPro (GPRO) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 12, 2026

GoPro (GPRO) reported revenue of $202M for the fourth quarter 2025 (Q4 2025), +0.4% from a year earlier and +24% from the quarter before. Operating margin was -4.1%, net loss $2.1M (1.0% of revenue).

Revenue$202M
Year over year+0.4%
Quarter over quarter+24%
Operating margin-4.1%
Net earnings−$2.1M

GoPro, Q4 2025: revenue $202M (+0.4% year over year), operating margin -4.1%, net loss $2.1M, operating cash flow $15.6M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$202M+24%+0.4%
Operating profit−$8.2M——
Net earnings−$2.1M——
Operating cash flow$15.6M+28%—
Free cash flow$15.0M+33%—

What changed

Revenue was $201.7M in Q4 2025, roughly flat year over year and up 24% from the previous quarter.

Gross margin was 31.8%, down 2.9 points from Q4 2024. Operating costs exceeded revenue by $8.2M, an operating margin of -4.1%. Operating expenses fell 33% while revenue was flat. The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $27.4M loss. Non-operating items added $4.5M, -117% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $15.6M. Non-cash charges added back $1.8M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items added $11.5M. Capital expenditures of $645K left free cash flow of $15.0M.

Questions

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

GoPro (GPRO) reported revenue of $202M for the fourth quarter 2025 (Q4 2025), +0.4% from a year earlier and +24% from the quarter before.

Was GoPro profitable in the fourth quarter 2025?

Operating loss was $8.2M (-4.1% of revenue) and net loss $2.1M.

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Source: GoPro 10-K on SEC EDGAR.