As of the first quarter of 2024, GoPro had approximately $134 million in cash and marketable securities.
GoPro's Financial Liquidity
GoPro's cash position has seen a significant shift over recent periods. While the company maintains zero net debt, its cash reserves have been declining.
The available information highlights the following changes in GoPro's cash and marketable securities:
Historical Cash and Marketable Securities
| Period | Cash and Marketable Securities |
|---|---|
| End of 2022 | Approximately $367 million |
| First Quarter 2024 | Approximately $134 million |
Trend in Cash Reserves
This data indicates a noticeable decrease in GoPro's cash balance, falling from around $367 million at the close of 2022 to about $134 million by the first quarter of 2024. This trend underscores a reduction in the company's liquid assets over that period, despite its current position of having zero net debt.
