Investing.com -- GoPro Inc. shares traded 8% lower in pre-market Monday after the camera maker disclosed substantial doubt about its ability to continue operations.

The company refiled its consolidated financial statements from its 2025 annual report to include the going concern disclosure, which also appears in its quarterly report for the period ended March 31, 2026. The updated financial statements are expected to be filed Monday.

PricewaterhouseCoopers LLP, GoPro's independent auditor, included an explanatory paragraph regarding the company's ability to continue as a going concern in its updated report. The disclosure arose from circumstances that developed after GoPro filed its annual report on March 12, 2026.

GoPro maintains credit facilities totaling $50 million through agreements with Farallon Capital Management and Wells Fargo Bank. The company also entered into an agreement in February 2026 with YA II PN for convertible debentures worth up to $50 million.

The refiling of financial statements with the going concern qualification may constitute an event of default under GoPro's credit agreements. Cross-default provisions in the company's borrowing arrangements mean a default under one agreement could trigger defaults across other borrowings. GoPro stated it is in discussions with its lenders.