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GoPro10-Q: Restructuring

GoPro anticipates future debt covenant defaults, driving urgent cost-cutting measures.

What happened

After failing to comply with its asset coverage ratio for Q1 2026, GoPro anticipates further non-compliance with its credit facility covenants. This creates immense pressure to restructure and cut costs to maintain liquidity and avoid a full default, signaling a critical need for financial advisory and operational efficiency tools.

Source

SEC EDGARMay 11, 2026

Quarterly report (Form 10-Q)

GoPro 10-Q

Filing excerpt

In future quarters, we anticipate non-compliance with the restrictive covenants of the Credit Facilities, and we may seek further covenant waivers or amendments from our lenders.

sec.gov/Archives/edgar/data/1500435/000150043526000018/gpro-20260331.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Restructuring

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
03/31
Filed
May 11, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Details

CIK
1500435
Accession number
0001500435-26-000018
Timeframe
Next quarter
Filing year
2026
Fiscal year
0
Why it matters
Change management needs
Signal category
Workforce

Topics and mentions

Vendors

  • Wells Fargo Bank
  • National Association
  • Farallon Capital
  • L.L.C.
  • YA II PN
  • Ltd.

Vendors named

  • Wells Fargo Bank, National Association
  • Farallon Capital, L.L.C.
  • YA II PN, Ltd.

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
May 12, 2026
signal_type
sec-10q
signal_subtype
restructuring

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/698d82df-eb17-4ca8-b6b4-0f84c6ec7e22 returns this record as JSON. POST /v1/companies/enrich returns every signal for gopro.com.

{
  "signal_id": "698d82df-eb17-4ca8-b6b4-0f84c6ec7e22",
  "signal_type": "sec-10q",
  "signal_subtype": "restructuring",
  "detected_at": "2026-05-12T09:24:57.514+00:00",
  "company": {
    "name": "GoPro",
    "domain": "gopro.com"
  },
  "data": {
    "detail": "After failing to comply with its asset coverage ratio for Q1 2026, GoPro anticipates further non-compliance with its credit facility covenants. This creates immense pressure to restructure and cut costs to maintain liquidity and avoid a full default, signaling a critical need for financial advisory and operational efficiency tools.",
    "metrics": {
      "timeframe": "next_quarter"
    },
    "summary": "GoPro anticipates future debt covenant defaults, driving urgent cost-cutting measures.",
    "excerpts": "In future quarters, we anticipate non-compliance with the restrictive covenants of the Credit Facilities, and we may seek further covenant waivers or amendments from our lenders.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1500435/000150043526000018/gpro-20260331.htm",
    "filing_date": "2026-05-11",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Change management needs",
    "signal_category": "workforce",
    "vendors_mentioned": [
      "Wells Fargo Bank, National Association",
      "Farallon Capital, L.L.C.",
      "YA II PN, Ltd."
    ]
  }
}

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