By Katherine Hamilton

GoPro refiled a financial statement including a going concern, which its accountant said constitutes an event of default.

The wearable camera maker on Monday refiled its annual report from 2025, with a paragraph added saying there is substantial doubt about GoPro's ability to continue as a going concern.

Everything else in the refiled annual report was the same as the original, GoPro said.

The stock fell 11% to $1.11 in Monday morning trading.

GoPro has already put forth other going-concern statements, including alongside its latest earnings report in May.

The accountant's event of default statement, however, created a new concern for investors.

GoPro has been trying to put more effort into its defense and aerospace business as consumer sales continue to fall.

In May, GoPro said it was reviewing a possible sale or merger after receiving multiple unsolicited inquiries. The board has engaged a financial adviser to conduct a strategic review.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

June 01, 2026 10:32 ET (14:32 GMT)

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