GoPro (GPRO) financial statements
GoPro reported revenue of $652M in fiscal 2025, down 6.4% a year over 9 years.
Net income was -$93M and the operating margin -12.8%, against -31.5% in 2016.
Free cash flow was -$24M.
The diluted share count rose 14% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from GoPro's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.1B | $1.2B | $892M | $1.2B | $1.1B | $1.0B | $801M | $652M |
| Cost of revenue | $724M | $795M | $787M | $782M | $577M | $684M | $687M | $682M | $530M | $432M |
| Gross profit | $462M | $385M | $361M | $413M | $315M | $477M | $407M | $324M | $271M | $219M |
| Research and development | $359M | $229M | $167M | $143M | $132M | $141M | $140M | $166M | $186M | $127M |
| Selling, general and admin | $476M | $319M | $288M | $272M | $220M | $222M | $228M | $233M | $220M | $157M |
| Operating income | -$373M | -$163M | -$94M | -$2M | -$37M | $113M | $39M | -$75M | -$135M | -$83M |
| Interest expense | $3M | $14M | $19M | $19M | $20M | $23M | $6M | $5M | $3M | — |
| Pre-tax income | -$375M | -$176M | -$108M | -$19M | -$62M | $90M | $34M | -$68M | -$133M | -$91M |
| Income tax | $44M | $6M | $1M | -$4M | $5M | -$281M | $6M | -$15M | $299M | $2M |
| Net income | -$419M | -$183M | -$109M | -$15M | -$67M | $371M | $29M | -$53M | -$432M | -$93M |
| EPS (diluted) | -$3.01 | -$1.32 | -$0.78 | -$0.10 | -$0.45 | $2.27 | $0.18 | -$0.35 | -$2.82 | -$0.59 |
| Diluted shares | 139M | 138M | 139M | 145M | 149M | 163M | 178M | 153M | 153M | 159M |
| Gross margin | 39.0% | 32.6% | 31.5% | 34.6% | 35.3% | 41.1% | 37.2% | 32.2% | 33.8% | 33.6% |
| Operating margin | -31.5% | -13.9% | -8.2% | -0.2% | -4.1% | 9.8% | 3.6% | -7.5% | -16.8% | -12.8% |
| Net margin | -35.3% | -15.5% | -9.5% | -1.2% | -7.5% | 32.0% | 2.6% | -5.3% | -53.9% | -14.3% |
Balance sheet
Fiscal years, from GoPro's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $218M | $247M | $198M | $165M | $326M | $539M | $367M | $247M | $103M | $50M |
| Receivables | $165M | $113M | $129M | $201M | $107M | $114M | $77M | $91M | $86M | $94M |
| Inventory | $167M | $151M | $116M | $144M | $98M | $86M | $127M | $106M | $121M | $78M |
| Total current assets | $588M | $574M | $474M | $536M | $557M | $782M | $606M | $483M | $339M | $253M |
| Property, plant and equipment | $77M | $69M | $47M | $37M | $24M | $19M | $13M | $9M | $9M | $6M |
| Goodwill | $146M | $146M | $146M | $146M | $146M | $146M | $146M | $146M | $152M | $134M |
| Total assets | $923M | $850M | $698M | $793M | $771M | $1.3B | $1.1B | $968M | $544M | $428M |
| Total current liabilities | $431M | $371M | $299M | $327M | $263M | $475M | $276M | $279M | $356M | $277M |
| Total liabilities | $476M | $552M | $486M | $559M | $555M | $644M | $465M | $412M | $392M | $351M |
| Shareholders' equity | $447M | $299M | $212M | $234M | $216M | $616M | $612M | $556M | $152M | $77M |
| Net debt | -$192M | -$203M | -$152M | -$150M | -$326M | -$401M | -$224M | -$223M | -$103M | -$50M |
Cash flow
Fiscal years, from GoPro's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$108M | -$37M | -$42M | -$24M | $94M | $229M | $6M | -$33M | -$125M | -$21M |
| Capital spending | $44M | $24M | $11M | $8M | $5M | $6M | $3M | $2M | $4M | $3M |
| Free cash flow | -$151M | -$61M | -$53M | -$33M | $89M | $224M | $2M | -$34M | -$129M | -$24M |
| Stock-based compensation | $70M | $51M | $41M | $37M | $30M | $39M | $39M | $41M | $29M | $20M |
| Share buybacks (net) | $0 | -$78M | — | — | $0 | $0 | -$40M | -$40M | $0 | $0 |
| Net borrowing | — | — | $0 | $0 | $144M | $0 | $0 | — | — | — |
| Free cash flow margin | -12.8% | -5.2% | -4.7% | -2.7% | 10.0% | 19.3% | 0.2% | -3.4% | -16.1% | -3.7% |
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Open GPRO in InvestinglyQuestions
What was GoPro's revenue in 2025?
$652M in fiscal 2025, from its 10-K filing.
How much free cash flow does GoPro generate?
-$24M in fiscal 2025 (operating cash flow minus capital spending).
From GoPro's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.