Tearsheet

GoPro (GPRO)


Market Price (12/27/2025): $1.59 | Market Cap: $252.7 Mil
Sector: Consumer Discretionary | Industry: Consumer Electronics

GoPro (GPRO)


Market Price (12/27/2025): $1.59
Market Cap: $252.7 Mil
Sector: Consumer Discretionary
Industry: Consumer Electronics

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Social Media & Creator Economy. Themes include Travel & Leisure Tech, and Creator Economy Monetization.
Weak multi-year price returns
2Y Excs Rtn is -100%, 3Y Excs Rtn is -149%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -89 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14%
1  Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58%
2   Stock price has recently run up significantly
6M Rtn6 month market price return is 112%
3   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -27%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -17%, Rev Chg QQuarterly Revenue Change % is -37%
4   Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.9%
5   Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 143%
6   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -52%
7   High stock price volatility
Vol 12M is 104%
8   Key risks
GPRO key risks include [1] intense competition from action cameras and substituting smartphones, Show more.
0 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Social Media & Creator Economy. Themes include Travel & Leisure Tech, and Creator Economy Monetization.
1 Weak multi-year price returns
2Y Excs Rtn is -100%, 3Y Excs Rtn is -149%
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -89 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 58%
5 Stock price has recently run up significantly
6M Rtn6 month market price return is 112%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -27%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -17%, Rev Chg QQuarterly Revenue Change % is -37%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -9.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -9.9%
8 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 143%
9 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -52%
10 High stock price volatility
Vol 12M is 104%
11 Key risks
GPRO key risks include [1] intense competition from action cameras and substituting smartphones, Show more.

Valuation, Metrics & Events

GPRO Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

<html><b>Key Points for GoPro (GPRO) Stock Movement (8/31/2025 to 12/27/2025)</b><br><br>

<b>1. GoPro's Q3 2025 Earnings Miss Expectations:</b> On November 6, 2025, GoPro reported a Q3 loss of $0.09 per share, missing the Zacks Consensus Estimate of a loss of $0.03. Revenues of $162.92 million also fell short of analysts' expectations of $211.18 million, representing a 37.1% decline year-over-year. This led to a significant negative market reaction, with shares initially dropping sharply in after-hours trading.<br><br>

<b>2. Positive Cash Flow and Q4 2025 Revenue Guidance:</b> Despite the Q3 earnings miss, GoPro reported a positive cash flow from operations of $12 million in Q3 2025, a $14 million improvement year-over-year. The company also provided Q4 2025 revenue guidance of a 10% increase to $220 million, and an expected Q4 EPS of $0.03 plus or minus $0.02, which offered some optimism amidst declining revenue trends.<br><br>

<b>3. CEO's $2 Million Investment Signals Confidence:</b> On November 13, 2025, GoPro announced that its founder and CEO, Nicholas Woodman, made a direct investment of $2 million by purchasing Class A common stock. The company stated that this investment underscores Woodman's confidence in GoPro's product diversification strategy and its 2026 product pipeline. However, the stock declined by 7.93% on the day this news was published.<br><br>

<b>4. Product Launches and Diversification Strategy:</b> Throughout the second half of 2025, GoPro focused on new product launches as part of its diversification strategy. This included the anticipated launch of the MAX2 360 camera and the Hero 14, with plans for a broader product portfolio in 2026. These new products are aimed at driving a return to revenue growth and profitability starting in Q4 2025 and into 2026. Initial investor excitement over the future product roadmap caused the stock to jump 35% on August 25, 2025.<br><br>

<b>5. Debt Management and Analyst Sentiment:</b> GoPro proactively addressed its $93.8 million in 2025 Notes maturing on November 15, 2025, by entering a new secured term loan of $50 million and placing approximately $94 million in escrow to repay the convertible debt. This move mitigated immediate liquidity concerns. Despite this, analyst sentiment remained cautious, with several downgrades and a consensus "Sell" rating and an average target price of $0.75 by late December 2025. The stock also experienced volatility, including a 5.9% drop on September 9, 2025, due to reports of a new competitor product and a pullback from a previous rally.</html>

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Stock Movement Drivers

Fundamental Drivers

The -30.6% change in GPRO stock from 9/26/2025 to 12/26/2025 was primarily driven by a -19.8% change in the company's P/S Multiple.
926202512262025Change
Stock Price ($)2.291.59-30.57%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)746.73650.75-12.85%
P/S Multiple0.480.39-19.78%
Shares Outstanding (Mil)157.84158.93-0.69%
Cumulative Contribution-30.57%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
GPRO-30.6% 
Market (SPY)4.3%51.0%
Sector (XLY)1.8%41.8%

Fundamental Drivers

The 111.6% change in GPRO stock from 6/27/2025 to 12/26/2025 was primarily driven by a 157.8% change in the company's P/S Multiple.
627202512262025Change
Stock Price ($)0.751.59111.63%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)780.31650.75-16.60%
P/S Multiple0.150.39157.82%
Shares Outstanding (Mil)156.44158.93-1.59%
Cumulative Contribution111.58%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
GPRO111.6% 
Market (SPY)12.6%32.1%
Sector (XLY)11.9%32.0%

Fundamental Drivers

The 43.2% change in GPRO stock from 12/26/2024 to 12/26/2025 was primarily driven by a 103.9% change in the company's P/S Multiple.
1226202412262025Change
Stock Price ($)1.111.5943.24%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)896.01650.75-27.37%
P/S Multiple0.190.39103.89%
Shares Outstanding (Mil)153.74158.93-3.38%
Cumulative Contribution43.08%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
GPRO43.2% 
Market (SPY)15.8%29.6%
Sector (XLY)5.2%30.9%

Fundamental Drivers

The -67.6% change in GPRO stock from 12/27/2022 to 12/26/2025 was primarily driven by a -44.1% change in the company's Total Revenues ($ Mil).
1227202212262025Change
Stock Price ($)4.901.59-67.55%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1163.67650.75-44.08%
P/S Multiple0.660.39-40.82%
Shares Outstanding (Mil)155.82158.93-2.00%
Cumulative Contribution-67.56%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
GPRO-54.6% 
Market (SPY)48.0%31.1%
Sector (XLY)37.0%33.3%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
GPRO Return91%25%-52%-30%-69%44%-64%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
GPRO Win Rate58%42%33%17%17%42% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
GPRO Max Drawdown-54%-10%-54%-51%-69%-56% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See GPRO Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventGPROS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-82.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven457.2%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-55.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven122.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven72 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-71.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven245.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven522 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-55.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven122.2%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven888 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

GoPro's stock fell -82.1% during the 2022 Inflation Shock from a high on 3/19/2021. A -82.1% loss requires a 457.2% gain to breakeven.

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About GoPro (GPRO)

GoPro, Inc. develops and sells cameras, mountable and wearable accessories, and subscription services and software in the United States and internationally. The company offers cloud connected HERO10 Black, HERO9 Black, and HERO8 Black waterproof cameras; MAX, a 360-degree waterproof camera; GoPro, a subscription service that includes full access to the Quik app, cloud storage supporting source video and photo quality, camera replacement, and damage protection; Quik subscription provides access to editing tools, which allows users to edit photos, videos, and create cinematic stories; and Quik app, a mobile app that enable users to get their favorite photos and videos with footage from any phone or camera. It also offers mounts and accessories comprising equipment-based mounts consisting of helmet, handlebar, roll bar, and tripod mounts that enable consumers to wear the mount on their bodies, such as wrist housings, magnetic swivel clips, chest harnesses, and head straps; media, display, and light mods; spare batteries, dive filters, and charging accessories and cables; and lifestyle gears. In addition, the company provides mobile and web applications that provides media workflow for archiving, editing, multi-clip story creation, and sharing content on the fly. GoPro, Inc. markets and sells its products through retailers and distributors, as well as through its GoPro.com website. The company was formerly known as Woodman Labs, Inc. and changed its name to GoPro, Inc. in February 2014. GoPro, Inc. was founded in 2002 and is headquartered in San Mateo, California.

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Here are 1-3 brief analogies to describe GoPro:

  • Garmin for video cameras.
  • Yeti for cameras.

AI Analysis | Feedback

Here are GoPro's major products:
  • Action Cameras: A line of rugged, waterproof, and compact digital cameras designed for capturing immersive video and photos, often during sports and outdoor activities.
  • Accessories: A wide variety of mounts, protective housings, batteries, charging devices, and other peripherals designed to enhance the functionality and usability of their cameras.
  • Subscription Services: A subscription offering cloud storage for camera footage, advanced editing tools via the Quik app, and camera replacement services.

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GoPro (GPRO) Major Customers

GoPro, Inc. (GPRO) primarily sells its action cameras and related accessories directly to individual consumers rather than primarily to other businesses as major customers.

The company serves several categories of individual customers who seek to capture immersive and durable footage of their experiences. These categories include:

  • Action Sports Enthusiasts: This core demographic comprises individuals engaged in a wide range of extreme and adventure sports such as surfing, snowboarding, skiing, mountain biking, motocross, skydiving, SCUBA diving, and more. They use GoPros to document their performance, share their adrenaline-fueled experiences, and analyze their techniques.
  • Travelers and Adventure Seekers: People who explore the world, embark on outdoor adventures like hiking, camping, kayaking, or participate in other travel experiences, utilize GoPro cameras to capture rugged, high-quality video and photos of their journeys in challenging environments where traditional cameras might be unsuitable.
  • Content Creators and Vloggers: A significant segment includes amateur and semi-professional content creators, YouTubers, and social media influencers who use GoPro cameras for their unique perspectives, wide-angle shots, and durability, especially when filming action-oriented content, outdoor activities, or "point-of-view" footage. This also extends to everyday users who want to create dynamic personal videos.

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  • Sony (SONY)
  • Jabil (JBL)
  • Flex (FLEX)
  • Ambarella (AMBA)

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Nicholas Woodman, Chief Executive Officer and Chairman

Nicholas Woodman founded GoPro in 2002. Before GoPro, he founded an online gaming company called Funbug.com in 1998, which was unsuccessful by 2001. He also started a website named EmpowerAll.com that aimed to sell electronics with minimal markup, though it did not fully launch. The inspiration for GoPro, a 35mm film-based wrist camera, came to him during an international surfing trip following Funbug.com's failure. He received initial investments from his parents to help launch GoPro.

Brian McGee, Executive Vice President, Chief Financial Officer, Chief Operating Officer

Brian McGee has served as GoPro's Chief Financial Officer since March 2016 and as Chief Operating Officer since February 2020. Prior to joining GoPro, he held various positions at Qualcomm from May 2011 to September 2015, including Vice President, Business Operations. He was also the Vice President, General Manager Global Powerline Business at Atheros Communications from December 2009 to May 2011. From January 2007 to December 2009, McGee was the Senior Vice President, Chief Financial Officer, and Treasurer at Intellon, a publicly traded fabless semiconductor company that was later acquired by Atheros Communications. Additionally, he served as Vice President Finance and Chief Financial Officer of Lexar, a publicly traded digital media storage company, from 2003 to 2006.

Jason Stephen, Vice President, General Counsel & Corporate Secretary

Jason Stephen was promoted to Vice President, General Counsel & Corporate Secretary of GoPro in May 2025. He previously served as Deputy General Counsel & Assistant Corporate Secretary from November 2020 to May 2025, and Associate General Counsel & Assistant Corporate Secretary from September 2017 to November 2020. Before joining GoPro, he was Corporate Division Counsel at Bose Corporation from 2008 to 2015.

Dean Jahnke, Senior Vice President, Global Sales, Channel Marketing and Retail Experience

Dean Jahnke serves as Senior Vice President, Global Sales, Channel Marketing and Retail Experience at GoPro.

Pablo Lema, Senior Vice President, Product Management

Pablo Lema holds the position of Senior Vice President, Product Management at GoPro.

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Key Risks to GoPro's Business

GoPro (GPRO) faces several significant risks that challenge its business model and financial stability. These include intense market competition and the pervasive substitution by smartphone cameras, ongoing operating losses and declining revenue, and a fundamental dependency on a niche market.

The most significant risk to GoPro's business is the intense competition within the action camera market and the increasing quality of smartphone cameras, which serve as a viable substitute for many consumers. The market is highly competitive, with numerous brands like DJI, Sony, Garmin, and Insta360 offering similar products, often at competitive prices, directly threatening GoPro's market share. The continuous advancement of smartphone camera technology further exacerbates this threat, as many consumers now prefer using their smartphones for capturing moments, reducing the need for a dedicated action camera. This competitive pressure contributes to market saturation and declining demand for GoPro's products.

Closely related and stemming from the market challenges are GoPro's substantial operating losses and declining revenue. The company has incurred significant operating losses in recent years, with revenue decreasing considerably. For instance, in 2024, GoPro reported an operating loss of $135.0 million and a revenue decrease from $1.09 billion in 2023 to $801.5 million. The financial health of the company remains a concern, characterized by a high debt-to-equity ratio and tight liquidity. There is uncertainty regarding the company's ability to achieve and sustain profitability, and a "short cash runway" raises concerns about potential shareholder dilution.

Finally, GoPro's business is highly dependent on a niche market of action sports and adventure enthusiasts. This reliance limits its potential customer base and makes the company vulnerable to shifts in consumer interest and market trends. This limited product diversification amplifies the impact of intense competition and technological advancements, as the company's core offerings cater to a specific segment rather than a broader consumer market.

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The aggressive and innovative competition from companies like Insta360 poses a clear emerging threat. Insta360 has rapidly gained significant market share by introducing feature-rich action cameras and 360-degree cameras that directly compete with GoPro's flagship products, often at competitive price points and with innovative designs (e.g., modular systems). Their strong focus on cutting-edge stabilization, software features, and versatile form factors challenges GoPro's traditional dominance in the action camera market, actively eroding its market position.

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GoPro's Addressable Markets

GoPro's main products and services operate within several addressable markets, primarily action cameras, 360-degree cameras, low-light cameras, video editing software, and subscription services.

Action Cameras

  • Market Size: The global action camera market was valued at USD 4.66 billion in 2025 and is projected to reach USD 14.48 billion by 2034.
  • Region: Global
  • Market Size: The North America action camera market was valued at USD 1.4 billion in 2024 and is projected to reach USD 3.1 billion by 2034.
  • Region: North America
  • Market Size: The U.S. action camera market size was evaluated at USD 594.80 million in 2025 and is projected to be worth around USD 907.97 million by 2034.
  • Region: U.S.

360-Degree Cameras

  • Market Size: GoPro estimates the total addressable market (TAM) for 360-degree cameras to be nearly 2 million units annually.
  • Region: Global

Low-Light Capable Cameras

  • Market Size: GoPro estimates the total addressable market (TAM) for low-light capable cameras to be 2.0 to 2.5 million units annually.
  • Region: Global

Video Editing Software

  • Market Size: The global video editing software market generated USD 3.54 billion in 2025 and is projected to reach USD 4.78 billion by 2030.
  • Region: Global

GoPro Subscription Service

  • Market Size: GoPro's subscription service had 2.47 million subscribers at the end of Q1 2025.
  • Market Size: Subscription and service revenue was $27 million in Q3 2025.
  • Region: Global

Gimbals

  • Market Size: null

Accessories and Mounts

  • Market Size: null

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GoPro (GPRO) anticipates several key drivers for future revenue growth over the next two to three years, focusing on product innovation, expanding its service offerings, and strategic operational efficiencies:

  1. Launch of New and Diversified Products: GoPro introduced several new hardware products in Q3 2025, including the MAX2 8K 360 camera, the compact LIT HERO lifestyle camera, and the AI-powered Fluid Pro gimbal. These new offerings are expected to significantly diversify GoPro's product lineup and expand its total addressable market (TAM). The MAX2 360 camera alone is projected to open a new growth segment estimated at nearly 2 million units annually. The company also plans further new product launches in 2026, including those based on the new GP3 processor, which are expected to drive additional growth.

  2. Growth in Subscription Services: The GoPro subscription and service business continues to be a significant growth area. The company reported 4% year-over-year revenue growth in Q1 2025 and 11% in Q3 2024 for its subscription segment. GoPro expects renewed subscriber and associated revenue growth in 2026, driven by camera unit growth and new editing and content management features. Average Revenue Per User (ARPU) for subscriptions is also expected to grow by 5% in 2026. The company aims to maintain approximately 2.4 million subscribers by the end of 2025 and projects growth to 2.4 million subscribers (up 2%) by the end of 2026.

  3. Strategic Operational Efficiency and Price Adjustments: GoPro is focused on returning to revenue growth and profitability by Q4 2025 and into 2026. To achieve this, the company has significantly reduced operating expenses for 2025 to approximately $250 million, down from $360 million in 2024. Furthermore, GoPro plans to offset anticipated tariff costs in 2026 through "modest price increases" and continued diversification of its supply chain. Supply chain optimizations are also expected to help mitigate margin pressures from tariffs and rising component costs.

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Share Repurchases

  • The Board of Directors authorized a $100.0 million share repurchase program on January 27, 2022, followed by an additional $40.0 million authorization on February 9, 2023.
  • As of September 30, 2025, $60.4 million remained authorized under the current stock repurchase program.
  • GoPro did not repurchase any shares during the three and nine months ended September 30, 2025, and 2024.

Share Issuance

  • In November 2020, GoPro priced $125.0 million in aggregate principal amount of 1.25% convertible senior notes due 2025, with an option for initial purchasers to acquire an additional $18.75 million.
  • In Q2 2025, GoPro issued 11.1 million warrants to purchase shares of common stock at an exercise price of $1.25 as part of a $50 million second-lien credit facility.
  • Proceeds from the issuance of common stock were approximately $0.7 million for the nine months ended September 30, 2025, and $2.15 million for the nine months ended September 30, 2024.

Inbound Investments

  • On November 5, 2025, The Woodman Family Trust, affiliated with GoPro's CEO, made a $2 million investment in Class A Common Stock.

Outbound Investments

  • GoPro acquired Forcite Helmet Systems, a manufacturer of smart helmets, in January 2024.

Capital Expenditures

  • GoPro's capital expenditures for fiscal years ending December 2020 to 2024 averaged $3.974 million, with a peak of $5.545 million in 2021 and a low of $1.52 million in 2023.
  • The latest twelve months capital expenditures as of June 2025 amounted to $4.142 million.
  • The primary focus of capital expenditures is on strategic investments in product innovation to drive growth, further diversifying the supply chain, and exploring domestic production for some products.

Better Bets than GoPro (GPRO)

Trade Ideas

Select ideas related to GPRO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE11302025BBWIBath & Body WorksDip BuyDB | Insider Buys | Low D/EDip Buy with Strong Insider Buying
Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
13.7%13.7%0.0%
HRB_11262025_Dip_Buyer_FCFYield11262025HRBH&R BlockDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
6.0%6.0%-0.1%
LRN_11262025_Dip_Buyer_FCFYield11262025LRNStrideDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.8%3.8%-4.4%
ABNB_11212025_Dip_Buyer_FCFYield11212025ABNBAirbnbDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.7%19.7%0.0%
MTN_11212025_Dip_Buyer_FCFYield11212025MTNVail ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.3%2.3%-1.6%

Recent Active Movers

More From Trefis

Peer Comparisons for GoPro

Peers to compare with:

Financials

GPROHPQHPEIBMCSCOAAPLMedian
NameGoPro HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price1.5923.2624.49305.0978.16273.4051.32
Mkt Cap0.321.932.6284.9309.24,074.4158.8
Rev LTM65155,29534,29665,40257,696408,62556,496
Op Inc LTM-893,6241,64411,54412,991130,2147,584
FCF LTM-652,80062711,85412,73396,1847,327
FCF 3Y Avg-592,9781,40011,75313,879100,5037,366
CFO LTM-613,6972,91913,48313,744108,5658,590
CFO 3Y Avg-563,6723,89613,49814,736111,5598,697

Growth & Margins

GPROHPQHPEIBMCSCOAAPLMedian
NameGoPro HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM-27.4%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg-17.3%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q-37.1%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-12.9%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM-13.7%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg-10.4%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM-2.9%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM-9.4%6.7%8.5%20.6%23.8%26.6%14.6%
CFO/Rev 3Y Avg-6.9%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM-9.9%5.1%1.8%18.1%22.1%23.5%11.6%
FCF/Rev 3Y Avg-7.2%5.5%4.6%18.6%24.6%25.6%12.1%

Valuation

GPROHPQHPEIBMCSCOAAPLMedian
NameGoPro HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap0.321.932.6284.9309.24,074.4158.8
P/S0.40.41.04.45.410.02.7
P/EBIT-2.26.819.925.122.531.321.2
P/E-2.18.6572.736.029.941.033.0
P/CFO-4.15.911.221.122.537.516.2
Total Yield-48.1%14.1%2.3%5.0%5.4%2.8%3.9%
Dividend Yield0.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg-19.7%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.80.50.70.20.10.00.4
Net D/E0.60.30.60.20.00.00.3

Returns

GPROHPQHPEIBMCSCOAAPLMedian
NameGoPro HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-2.5%-1.8%14.4%0.6%2.7%-1.5%-0.4%
3M Rtn-30.6%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn111.6%-4.0%34.5%6.6%15.2%36.3%24.9%
12M Rtn43.2%-27.3%14.2%39.2%33.7%6.0%23.9%
3Y Rtn-67.6%-3.8%67.7%139.0%79.5%113.4%73.6%
1M Excs Rtn-4.3%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn-34.9%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn99.4%-16.3%22.3%-5.7%3.0%24.0%12.6%
12M Excs Rtn29.9%-42.9%-0.7%25.0%19.9%-8.4%9.6%
3Y Excs Rtn-148.9%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single Segment1,0051,0941,1618921,195
Total1,0051,0941,1618921,195


Price Behavior

Price Behavior
Market Price$1.59 
Market Cap ($ Bil)0.3 
First Trading Date12/29/2006 
Distance from 52W High-44.8% 
   50 Days200 Days
DMA Price$1.75$1.28
DMA Trendupdown
Distance from DMA-9.4%23.8%
 3M1YR
Volatility76.6%104.9%
Downside Capture261.78229.13
Upside Capture34.41233.56
Correlation (SPY)51.1%29.7%
GPRO Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta3.553.504.523.711.581.64
Up Beta6.125.025.081.610.420.82
Down Beta7.926.895.806.042.191.84
Up Capture88%54%426%806%499%538%
Bmk +ve Days12253873141426
Stock +ve Days9182657105315
Down Capture285%239%326%223%148%111%
Bmk -ve Days7162452107323
Stock -ve Days10213464133391

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of GPRO With Other Asset Classes (Last 1Y)
 GPROSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return45.9%7.5%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility104.3%24.3%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.810.240.722.700.340.09-0.08
Correlation With Other Assets 30.8%29.6%0.0%7.6%21.8%15.4%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of GPRO With Other Asset Classes (Last 5Y)
 GPROSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-28.9%9.6%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility67.2%23.8%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio-0.230.360.700.970.500.160.57
Correlation With Other Assets 38.7%37.7%7.9%9.0%32.0%18.1%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of GPRO With Other Asset Classes (Last 10Y)
 GPROSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-21.5%13.2%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility65.2%21.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio-0.090.550.710.860.320.220.90
Correlation With Other Assets 40.2%39.3%5.1%16.3%31.2%14.4%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity18,862,121
Short Interest: % Change Since 113020250.8%
Average Daily Volume3,504,386
Days-to-Cover Short Interest5.38
Basic Shares Quantity158,933,000
Short % of Basic Shares11.9%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/2025-10.0%-11.2%10.0%
8/11/2025-3.8%8.4%24.4%
5/12/2025-2.2%-1.8%39.7%
2/6/2025-16.8%-23.1%-35.9%
8/6/2024-12.1%-3.0%-4.5%
5/7/2024-7.3%-3.8%-19.6%
2/7/2024-11.0%-17.6%-19.0%
11/7/202317.9%28.0%32.1%
...
SUMMARY STATS   
# Positive789
# Negative161514
Median Positive4.0%5.7%24.4%
Median Negative-9.9%-11.2%-17.0%
Max Positive17.9%28.0%54.0%
Max Negative-19.1%-23.8%-35.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025811202510-Q 6/30/2025
3312025512202510-Q 3/31/2025
12312024317202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023209202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022210202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021211202210-K 12/31/2021

Insider Activity

Expand for More
 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0MCGEE BRIANEVP, CFO and COO11242025Sell1.574,5797,1891,215,007Form
1Stephen Jason ChristopherVP, GC and Corporate Secretary11202025Sell1.5226,01139,565218,603Form