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GoPro10-Q: Restructuring

GoPro defaults on debt covenants as of June 30, 2026, receives "going concern" warning, and faces delisting risk.

What happened

The company failed to meet minimum EBITDA and asset coverage ratio requirements, requiring waivers to avoid debt acceleration. Management anticipates future non-compliance, warns its ability to continue as a "going concern" is at risk, and notes a potential stock delisting would trigger further defaults, likely forcing a major restructuring or bankruptcy.

Source

SEC EDGARAug 10, 2026

Quarterly report (Form 10-Q)

GoPro 10-Q

Filing excerpt

For the period ended June 30, 2026, we were not in compliance with the minimum EBITDA or the minimum asset coverage ratio of 1.15x under the 2025 Credit Agreement.

sec.gov/Archives/edgar/data/1500435/000150043526000036/gpro-20260630.htmRead the full source

Other signals in this filing (6)

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
06/30
Filed
Aug 10, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$49M (Outstanding principal under the 2025 Term Loan as of June 30, 2026, which was subject to the covenant breach.)

Details

CIK
1500435
Accession number
0001500435-26-000036
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Change management needs
Signal category
Workforce

Topics and mentions

Vendors

  • YA II PN
  • Ltd.
  • Farallon Capital
  • L.L.C.
  • FTSE Russell
  • S&P Dow Jones

Vendors named

  • YA II PN, Ltd.
  • Farallon Capital, L.L.C.
  • FTSE Russell
  • S&P Dow Jones

Extraction

Confidence
High
Relevance
100%
Sentiment
Negative
Detected
Aug 11, 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/b959cb67-df3a-47a7-89a1-06ea0a164d89 returns this record as JSON. POST /v1/companies/enrich returns every signal for gopro.com.

{
  "signal_id": "b959cb67-df3a-47a7-89a1-06ea0a164d89",
  "signal_type": "sec-10q",
  "signal_subtype": "restructuring",
  "detected_at": "2026-08-11T08:04:17.398+00:00",
  "company": {
    "name": "GoPro",
    "domain": "gopro.com"
  },
  "data": {
    "detail": "The company failed to meet minimum EBITDA and asset coverage ratio requirements, requiring waivers to avoid debt acceleration. Management anticipates future non-compliance, warns its ability to continue as a \"going concern\" is at risk, and notes a potential stock delisting would trigger further defaults, likely forcing a major restructuring or bankruptcy.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "Outstanding principal under the 2025 Term Loan as of June 30, 2026, which was subject to the covenant breach.",
      "dollar_millions": 49
    },
    "summary": "GoPro defaults on debt covenants as of June 30, 2026, receives \"going concern\" warning, and faces delisting risk.",
    "excerpts": "For the period ended June 30, 2026, we were not in compliance with the minimum EBITDA or the minimum asset coverage ratio of 1.15x under the 2025 Credit Agreement.",
    "relevance": 1,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1500435/000150043526000036/gpro-20260630.htm",
    "filing_date": "2026-08-10",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "Change management needs",
    "signal_category": "workforce",
    "vendors_mentioned": [
      "YA II PN, Ltd.",
      "Farallon Capital, L.L.C.",
      "FTSE Russell",
      "S&P Dow Jones"
    ]
  }
}

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