Second Quarter 2026 Summary vs Second Quarter 2025 (where applicable)
- Revenue was
$23.3 million compared to$24.6 million , of which international revenue decreased$1.6 million . - Annualized gross profit per employee for the quarter increased to
$819,000 .
Management Commentary
“Our second quarter results reflect the deliberate trade-off we outlined last quarter—prioritizing the long-term quality and value of our direct member base over near-term results,” said
Gaia CFO,
Second Quarter 2026 Financial Results
Revenue decreased 5% to
Gross margin was 85.3% compared to 86.7% year ago, primarily attributable to lower revenue, while content-related costs remained relatively consistent.
Net loss was
Gaia’s cash balance as of
Conference Call
Date:
Time:
Toll-free dial-in number: 1-877-269-7751
International dial-in number: 1-201-389-0908
Conference ID: 13761111
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: 13761111
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
Company Contact:
Chief Financial Officer
Investors@gaia.com
Investor Relations:
(949) 574-3860
GAIA@gateway-grp.com
Condensed Consolidated Balance Sheets (unaudited) | ||||||||
| (in thousands, except share and per share data) | 2026 | 2025 | ||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 5,272 | $ | 13,540 | ||||
| Accounts receivable | 5,461 | 5,437 | ||||||
| Prepaid expenses and other current assets | 3,892 | 3,527 | ||||||
| Total current assets | 14,625 | 22,504 | ||||||
| Media library, net | 39,274 | 39,133 | ||||||
| Operating right-of-use asset, net | 8,479 | 8,836 | ||||||
| Property and equipment, net | 28,608 | 26,963 | ||||||
| Technology license, net | 14,339 | 14,743 | ||||||
| Investments and other intangible assets, net | 8,384 | 8,488 | ||||||
| 33,982 | 33,982 | |||||||
| Total assets | $ | 147,691 | $ | 154,649 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 14,840 | $ | 15,224 | ||||
| Accrued and other liabilities | 1,703 | 3,396 | ||||||
| Long-term debt, current portion | 227 | 227 | ||||||
| Operating lease liability, current portion | 644 | 614 | ||||||
| Deferred revenue | 18,094 | 18,502 | ||||||
| Total current liabilities | 35,508 | 37,963 | ||||||
| Long-term debt, net of current portion | 5,338 | 5,452 | ||||||
| Operating lease liability, net of current portion | 8,172 | 8,501 | ||||||
| Deferred taxes, net | 623 | 603 | ||||||
| Total liabilities | 49,641 | 52,519 | ||||||
| Shareholder's equity: | ||||||||
| Class A common stock, | 2 | 2 | ||||||
| Class B common stock, | 1 | 1 | ||||||
| Additional paid-in capital | 183,998 | 183,393 | ||||||
| (525 | ) | (525 | ) | |||||
| Accumulated deficit | (99,206 | ) | (94,922 | ) | ||||
| Total | 84,270 | 87,949 | ||||||
| Noncontrolling interests | 13,780 | 14,181 | ||||||
| Total equity | 98,050 | 102,130 | ||||||
| Total liabilities and equity | $ | 147,691 | $ | 154,649 | ||||
| Condensed Consolidated Statements of Operations (unaudited) | ||||||||||||||||
| For the Three Months Ended | For the Six Months Ended | |||||||||||||||
| (in thousands, except per share data) | 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Revenues, net | $ | 23,330 | $ | 24,632 | $ | 47,643 | $ | 48,472 | ||||||||
| Cost of revenues | 3,421 | 3,285 | 6,828 | 6,220 | ||||||||||||
| Gross profit | 19,909 | 21,347 | 40,815 | 42,252 | ||||||||||||
| Operating Expenses: | ||||||||||||||||
| Selling and operating | 21,599 | 20,634 | 41,600 | 40,656 | ||||||||||||
| Corporate, general and administration | 1,526 | 2,909 | 3,859 | 4,806 | ||||||||||||
| Total operating expenses | 23,125 | 23,543 | 45,459 | 45,462 | ||||||||||||
| Loss from operations | (3,216 | ) | (2,196 | ) | (4,644 | ) | (3,210 | ) | ||||||||
| Interest and other income, net | (30 | ) | 124 | (14 | ) | (12 | ) | |||||||||
| Loss before income taxes | (3,246 | ) | (2,072 | ) | (4,658 | ) | (3,222 | ) | ||||||||
| Income tax (benefit) expense | (7 | ) | 1 | 27 | 49 | |||||||||||
| Loss from continuing operations | $ | (3,239 | ) | $ | (2,073 | ) | $ | (4,685 | ) | $ | (3,271 | ) | ||||
| Gain from discontinued operations | — | 26 | — | 5 | ||||||||||||
| Net loss | $ | (3,239 | ) | $ | (2,047 | ) | $ | (4,685 | ) | $ | (3,266 | ) | ||||
| Net loss attributable to noncontrolling interests | $ | (210 | ) | $ | (246 | ) | $ | (401 | ) | $ | (451 | ) | ||||
| Net loss attributable to common shareholders | $ | (3,029 | ) | $ | (1,801 | ) | $ | (4,284 | ) | $ | (2,815 | ) | ||||
| Loss per share: | ||||||||||||||||
| Basic (attributable to common shareholders) | $ | (0.12 | ) | $ | (0.07 | ) | $ | (0.17 | ) | $ | (0.11 | ) | ||||
| Diluted (attributable to common shareholders) | $ | (0.12 | ) | $ | (0.07 | ) | $ | (0.17 | ) | $ | (0.11 | ) | ||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 24,962 | 25,022 | 24,979 | 24,686 | ||||||||||||
| Diluted | 24,962 | 25,022 | 24,979 | 24,686 | ||||||||||||
| Condensed Consolidated Statements of Cash Flows (unaudited) | ||||||||||||||||
| For the Three Months Ended | For the Six Months Ended | |||||||||||||||
| (in thousands) | 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Net cash (used in) provided by: | ||||||||||||||||
| Net cash (used in) provided by operating activities | $ | (5,379 | ) | $ | 2,284 | $ | (3,886 | ) | $ | 3,582 | ||||||
| Net cash used in investing activities | (2,282 | ) | (1,404 | ) | (4,136 | ) | (2,434 | ) | ||||||||
| Net cash (used in) provided by financing activities | (165 | ) | (46 | ) | (246 | ) | 6,916 | |||||||||
| Net change in cash and cash equivalents | $ | (7,826 | ) | $ | 834 | $ | (8,268 | ) | $ | 8,064 | ||||||
