While GoPro action cameras are built to withstand shock, the brand itself is looking distinctly shaky right now. Latest reports[1] are that founder Nicholas Woodman is propping the company up by extending it a loan of his own money to the tune of $20 million, at an annual interest rate of 6.5%, while a buyer is desperately sought. It’s believed GoPro may not survive the year without a new owner or fresh injection of cash, with Woodman’s intervention acting as a stopgap rather than bail-out per se.
This follows May’s announcement that the action camera specialist had experienced a sizeable 26% year-on-year revenue drop for the first quarter of 2026, with the amount of camera units sold (313,000) down 29%. That same month, the company put out a statement saying it had engaged a financial adviser to ‘review strategic alternatives’, a process founder and CEO Woodman says he strongly supports. While its announcement of a pro grade action camera trio – the Mission 1, Pro and Pro ILS – was an ambitious step, such innovation may prove too little, too late.
As additional background, GoPro has also recently been exploring business opportunities in aerospace and defence, two markets potentially worth $ billions. Don’t forget its cameras played a leading role in providing images from this year’s Artemis II NASA mission, too.
However, simultaneously, GoPro has faced strong competition from rival Insta360, against whom it recently lost a patent battle.
Of course, any potential buyer would still inherit the issues and challenges that GoPro currently faces – which aren’t magically going away – as well as needing to pay the balance and interest on the company’s already mounting debts. Restructuring is already underway to cut 23% of its global staff by the end of 2026, but the latest manoeuvring suggests we may see a takeover before then.
Related reading:
- Is GoPro’s Mission 1 series too little, too late, as whispers circulate of the company being sold?
- Best action camera to buy: the top models from GoPro, DJI, Insta360 and more
- GoPro has serious doubts about its ability to operate as a business
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