GoPro, Inc.

GoPro, Inc. reported total revenue of $651.5 million for FY 2025, a 19% decline from $801.5 million in FY 2024. The company incurred a net loss of $93.5 million, significantly improved from a net loss of $432.3 million in the prior year, which included a $294.9 million valuation allowance on deferred tax assets. Hardware revenue decreased 21.5% to $545.3 million, while subscription and services revenue remained flat at $106.3 million. Gross margin was 33.6%, down 20 basis points from 33.8% in FY 2024. The company used $20.7 million in operating cash flow and ended the year with $49.7 million in cash and cash equivalents. Key challenges included a softer global consumer market, increased competition, and market share loss, partially offset by an 8.2% increase in average selling price to $357.

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