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GoPro10-Q: Cash flow concern

GoPro defaults on debt covenant, receiving a waiver for non-compliance with its minimum asset coverage ratio as of March 31, 2026.

Read at SEC EDGAR

What happened

The company failed to meet the 1.05x minimum asset coverage ratio required by its 2025 Credit Agreement, a significant indicator of financial distress. While a waiver was granted, GoPro anticipates future non-compliance, increasing pressure to improve financial performance and reporting for lender scrutiny.

Source

SEC EDGARMay 11, 2026

Quarterly report (Form 10-Q)

GoPro 10-Q

Filing excerpt

As of March 31, 2026, the Company was not in compliance with the minimum asset coverage ratio of 1.05x under the 2025 Credit Agreement.

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: Cash flow concern

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

Fiscal year end
03/31
Filed
May 11, 2026

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The full record

From the Signal API record

Numbers

PercentMinimum asset coverage ratio covenant that was breached
1.05%

Details

CIK
1500435
Accession number
0001500435-26-000018
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Treasury/cash management needs
Signal category
Financial

Topics and mentions

Vendors

  • Farallon Capital
  • L.L.C.
  • Wells Fargo Bank
  • National Association

Vendors named

  • Farallon Capital, L.L.C.
  • Wells Fargo Bank, National Association

Extraction

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

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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
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Show the full JSONThe record on this page and the API request

GET /v1/signals/c14a4ab1-04de-4864-98cd-d2286c77a557 returns this record as JSON. POST /v1/companies/enrich returns every signal for gopro.com.

{
  "signal_id": "c14a4ab1-04de-4864-98cd-d2286c77a557",
  "signal_type": "sec-10q",
  "signal_subtype": "cashFlowConcern",
  "detected_at": "2026-05-12T09:24:57.568+00:00",
  "company": {
    "name": "GoPro",
    "domain": "gopro.com"
  },
  "data": {
    "detail": "The company failed to meet the 1.05x minimum asset coverage ratio required by its 2025 Credit Agreement, a significant indicator of financial distress. While a waiver was granted, GoPro anticipates future non-compliance, increasing pressure to improve financial performance and reporting for lender scrutiny.",
    "metrics": {
      "pct": 1.05,
      "timeframe": "current_quarter",
      "pct_context": "Minimum asset coverage ratio covenant that was breached"
    },
    "summary": "GoPro defaults on debt covenant, receiving a waiver for non-compliance with its minimum asset coverage ratio as of March 31, 2026.",
    "excerpts": "As of March 31, 2026, the Company was not in compliance with the minimum asset coverage ratio of 1.05x under the 2025 Credit Agreement.",
    "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": "Treasury/cash management needs",
    "signal_category": "financial",
    "vendors_mentioned": [
      "Farallon Capital, L.L.C.",
      "Wells Fargo Bank, National Association"
    ]
  }
}

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