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GoPro10-Q: Audit issue

GoPro defaults on debt covenants for minimum EBITDA and asset coverage ratio as of June 30, 2026.

What happened

The company failed to meet key financial performance metrics required by its lenders, receiving a waiver on July 9, 2026, to avoid immediate debt acceleration. This highlights significant operational and financial underperformance.

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: Audit issue

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

PercentMinimum asset coverage ratio not met
1.15%

Details

CIK
1500435
Accession number
0001500435-26-000036
Timeframe
Current quarter
Filing year
2026
Fiscal year
0
Why it matters
Control automation needed
Signal category
Risk

Topics and mentions

Vendors

  • Farallon Capital
  • L.L.C.

Vendors named

  • Farallon Capital, L.L.C.

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Aug 11, 2026
signal_type
sec-10q
signal_subtype
auditIssue

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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/16828111-b29d-4d50-8def-2f245caaeeb8 returns this record as JSON. POST /v1/companies/enrich returns every signal for gopro.com.

{
  "signal_id": "16828111-b29d-4d50-8def-2f245caaeeb8",
  "signal_type": "sec-10q",
  "signal_subtype": "auditIssue",
  "detected_at": "2026-08-11T08:09:26.439+00:00",
  "company": {
    "name": "GoPro",
    "domain": "gopro.com"
  },
  "data": {
    "detail": "The company failed to meet key financial performance metrics required by its lenders, receiving a waiver on July 9, 2026, to avoid immediate debt acceleration. This highlights significant operational and financial underperformance.",
    "metrics": {
      "pct": 1.15,
      "timeframe": "current_quarter",
      "pct_context": "Minimum asset coverage ratio not met"
    },
    "summary": "GoPro defaults on debt covenants for minimum EBITDA and asset coverage ratio as of June 30, 2026.",
    "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": 0.9,
    "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": "Control automation needed",
    "signal_category": "risk",
    "vendors_mentioned": [
      "Farallon Capital, L.L.C."
    ]
  }
}

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