Highlights:
- FY 2025 revenue increased 11%, year over year to
$99.0 million - FY 2025 operating cash flow finished at
$5.7 million , with free cash flow growing to$4.9 million - Q4 2025 operating cash flow finished at
$1.8 million , with free cash flow growing to$1.7 million - Member count reached 903,000
Fourth Quarter 2025 Financial Results
Revenues for the fourth quarter of 2025 increased to
Member growth increased during the year, growing sequentially by an additional 20,000 members during the fourth quarter, with the count ending at 903,000.
Gross profit increased to
Net loss was
For the quarter, operating cash flow finished at
The cash balance as of
2025 Financial Results
Revenue for the year was
Gross margin was 87.1% up from 86.1% during 2024.
Net loss for the year was
Free cash flow increased by
Conference Call
Date:
Time:
Toll-free dial-in number: 1-877-269-7751
International dial-in number: 1-201-389-0908
Conference ID: 13758211
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact
The conference call will be broadcast live and available for replay here and via ir.gaia.com.
A telephonic replay of the conference call will be available after
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13758211
About Gaia
Gaia is a member-supported global video streaming service and community that produces and curates conscious media through four primary channels—Seeking Truth, Transformation, Alternative Healing and Yoga—in four languages (English, Spanish, French and German) to its members in 185 countries. Gaia’s library includes over 10,000 titles, over 90% of which is exclusive to Gaia, and approximately 75% of viewership is generated by content produced or owned by Gaia. Gaia is available on Apple TV, iOS, Android, Roku, Chromecast, and sold through Amazon Prime Video and Comcast Xfinity. For more information about Gaia, visit www.gaia.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward looking statements that involve risks and uncertainties. When used in this discussion, we intend the words “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “future,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “strive,” “target,” “will,” “would” and similar expressions as they relate to us to identify such forward-looking statements. Our actual results could differ materially from the results anticipated in these forward-looking statements as a result of certain factors set forth under “Risk Factors” and elsewhere in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended
Non-GAAP Measures
In addition to disclosing financial results calculated in accordance with generally accepted accounting principles in
Company Contact:
Chief Financial Officer
Investors@gaia.com
Investor Relations:
(949) 574-3860
GAIA@gateway-grp.com
Condensed Consolidated Balance Sheets (unaudited)
| Condensed consolidated balance sheets | ||||||||
| (in thousands, except share and per share data) | 2025 | 2024 | ||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 13,540 | $ | 5,860 | ||||
| Accounts receivable | 5,437 | 5,560 | ||||||
| Other receivables | — | 1,809 | ||||||
| Prepaid expenses and other current assets | 3,527 | 2,513 | ||||||
| Total current assets | 22,504 | 15,742 | ||||||
| Media library, net | 39,133 | 38,987 | ||||||
| Operating right-of-use asset, net | 8,836 | 5,454 | ||||||
| Property and equipment, net | 26,963 | 26,883 | ||||||
| Technology license, net | 14,743 | 15,550 | ||||||
| Investments and other intangible assets, net | 8,488 | 6,658 | ||||||
| 33,982 | 31,943 | |||||||
| Total assets | $ | 154,649 | $ | 141,217 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 15,224 | $ | 12,435 | ||||
| Accrued and other liabilities | 3,396 | 3,491 | ||||||
| Long-term debt, current portion | 227 | 5,801 | ||||||
| Operating lease liability, current portion | 614 | 839 | ||||||
| Deferred revenue | 18,502 | 19,268 | ||||||
| Total current liabilities | 37,963 | 41,834 | ||||||
| Long-term debt, net of current portion | 5,452 | — | ||||||
| Operating lease liability, net of current portion | 8,501 | 4,869 | ||||||
| Deferred taxes, net | 603 | 501 | ||||||
| Total liabilities | 52,519 | 47,204 | ||||||
| Shareholder's equity: | ||||||||
| Class A common stock, | 2 | 2 | ||||||
| Class B common stock, | 1 | 1 | ||||||
| Additional paid-in capital | 183,393 | 171,269 | ||||||
| (525 | ) | (169 | ) | |||||
| Accumulated deficit | (94,922 | ) | (90,428 | ) | ||||
| 87,949 | 80,675 | |||||||
| Noncontrolling interests | 14,181 | 13,338 | ||||||
| Total equity | 102,130 | 94,013 | ||||||
| Total liabilities and equity | $ | 154,649 | $ | 141,217 | ||||
Condensed Consolidated Statements of Operations (unaudited)
| For the Three Months Ended | For the Twelve Months Ended | |||||||||||||||
| (in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Revenues, net | $ | 25,498 | $ | 24,099 | $ | 98,954 | $ | 89,296 | ||||||||
| Cost of revenues | 3,165 | 2,845 | 12,795 | 12,434 | ||||||||||||
| Gross profit | 22,333 | 21,254 | 86,159 | 76,862 | ||||||||||||
| Operating Expenses: | ||||||||||||||||
| Selling and operating | 20,636 | 20,831 | 81,870 | 74,818 | ||||||||||||
| Corporate, general and administration | 2,350 | 2,131 | 9,393 | 7,761 | ||||||||||||
| Total operating expenses | 22,986 | 22,962 | 91,263 | 82,579 | ||||||||||||
| Loss from operations | (653 | ) | (1,707 | ) | (5,104 | ) | (5,717 | ) | ||||||||
| Interest and other income, net | 1 | 897 | 11 | 501 | ||||||||||||
| Loss before income taxes | (652 | ) | (810 | ) | (5,093 | ) | (5,216 | ) | ||||||||
| Income tax (benefit) expense | 131 | (34 | ) | 192 | (34 | ) | ||||||||||
| Loss from continuing operations | $ | (783 | ) | $ | (776 | ) | $ | (5,285 | ) | $ | (5,182 | ) | ||||
| (Loss) income from discontinued operations | (45 | ) | 12 | (103 | ) | (216 | ) | |||||||||
| Net loss | $ | (828 | ) | $ | (764 | ) | $ | (5,388 | ) | $ | (5,398 | ) | ||||
| Net (loss) income attributable to noncontrolling interests | $ | (302 | ) | $ | 39 | $ | (894 | ) | $ | (165 | ) | |||||
| Net loss attributable to common shareholders | $ | (526 | ) | $ | (803 | ) | $ | (4,494 | ) | $ | (5,233 | ) | ||||
| Income (loss) per share: | ||||||||||||||||
| Basic (attributable to common shareholders) | $ | (0.02 | ) | $ | (0.03 | ) | $ | (0.18 | ) | $ | (0.22 | ) | ||||
| Diluted (attributable to common shareholders) | $ | (0.02 | ) | $ | (0.03 | ) | $ | (0.18 | ) | $ | (0.22 | ) | ||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 24,994 | 23,402 | 24,852 | 23,335 | ||||||||||||
| Diluted | 24,994 | 23,402 | 24,852 | 23,335 | ||||||||||||
Condensed Consolidated Statements of Cash Flows (unaudited)
| For the Three Months Ended | For the Twelve Months Ended | |||||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net cash provided by (used in): | ||||||||||||||||
| Net cash provided by operating activities | $ | 1,766 | $ | 2,660 | $ | 5,674 | $ | 6,923 | ||||||||
| Net cash provided by (used in) investing activities | (3,686 | ) | (1,117 | ) | (10,047 | ) | (14,998 | ) | ||||||||
| Net cash (used in) provided by financing activities | 1,298 | (47 | ) | 12,053 | 6,169 | |||||||||||
| Net change in cash and cash equivalents | $ | (622 | ) | $ | 1,496 | $ | 7,680 | $ | (1,906 | ) | ||||||
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (unaudited)
| For the Three Months Ended | For the Twelve Months Ended | |||||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net cash provided by operating activities | $ | 1,766 | $ | 2,660 | $ | 5,674 | $ | 6,923 | ||||||||
| Cash paid for interest | $ | 81 | 183 | 371 | 586 | |||||||||||
| Net cash used for capital expenditures | $ | (1,690 | ) | (1,101 | ) | (6,051 | ) | (4,982 | ) | |||||||
| Change in cash from non-core business activities | $ | 1,556 | (1,137 | ) | 4,948 | 210 | ||||||||||
| Free cash flow | $ | 1,713 | $ | 605 | $ | 4,942 | $ | 2,737 | ||||||||
