Gaia Inc Financials

GAIA

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 35/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Gaia Inc has an operating margin of -6.6%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -5.7% the prior year.

Growth

Gaia Inc's revenue grew 12.4% year-over-year to $90.4M, a solid pace of expansion. This earns a growth score of 64/100.

Leverage

100

Gaia Inc carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Gaia Inc's current ratio of 0.38 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Gaia Inc generated $6.9M in operating cash flow, capex of $5.0M consumed most of it, leaving $1.9M in free cash flow. This results in a low score of 11/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

6/9

Gaia Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-1.28x

For every $1 of reported earnings, Gaia Inc generates $-1.28 in operating cash flow ($6.9M OCF vs -$5.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Gaia Inc (GAIA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$90.4M

YoY+12.4%

5Y CAGR+10.9%

10Y CAGR+23.7%

Gaia Inc generated $90.4M in revenue in fiscal year 2024. This represents an increase of 12.4% from the prior year.

EBITDA

$2.6M

YoY-19.0%

Gaia Inc's EBITDA was $2.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 19.0% from the prior year.

Free Cash Flow

$1.9M

YoY+225.7%

10Y CAGR-9.7%

Gaia Inc generated $1.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 225.7% from the prior year.

Net Income

-$5.4M

YoY+3.5%

Gaia Inc reported -$5.4M in net income in fiscal year 2024. This represents an increase of 3.5% from the prior year.

EPS (Diluted)

$-0.22

YoY+18.5%

Gaia Inc earned $-0.22 per diluted share (EPS) in fiscal year 2024. This represents an increase of 18.5% from the prior year.

Cash & Debt

$5.9M

YoY-24.5%

5Y CAGR-12.6%

10Y CAGR+4.4%

Gaia Inc held $5.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

86.1%

YoY+0.6pp

5Y CAGR-0.7pp

10Y CAGR+5.0pp

Gaia Inc's gross margin was 86.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.

Operating Margin

-6.6%

YoY-0.9pp

5Y CAGR+25.3pp

10Y CAGR+93.2pp

Gaia Inc's operating margin was -6.6% in fiscal year 2024, reflecting core business profitability. This is down 0.9 percentage points from the prior year.

Net Margin

-6.0%

YoY+1.0pp

5Y CAGR+27.6pp

10Y CAGR+77.3pp

Gaia Inc's net profit margin was -6.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$5.0M

YoY-5.5%

5Y CAGR-23.2%

10Y CAGR+1.2%

Gaia Inc invested $5.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 5.5% from the prior year.

GAIA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$90.4M+12.4%	$80.4M-2.0%	$82.0M+3.1%	$79.6M+19.1%	$66.8M+23.8%	$54.0M
Cost of Revenue	$12.6M+7.9%	$11.6M+6.5%	$10.9M+3.7%	$10.5M+21.7%	$8.7M+21.7%	$7.1M
Gross Profit	$77.8M+13.1%	$68.8M-3.3%	$71.1M+3.0%	$69.0M+18.7%	$58.2M+24.1%	$46.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.8M+25.1%	$6.2M-13.6%	$7.2M+17.2%	$6.1M+4.4%	$5.9M+1.5%	$5.8M
Operating Income	-$5.9M-29.9%	-$4.6M-1623.4%	-$265K-113.4%	$2.0M+142.9%	-$4.6M+73.1%	-$17.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$34K-156.7%	$60K-70.3%	$202K+110.0%	-$2.0M-1217.2%	$180K+300.0%	$45K
Net Income	-$5.4M+3.5%	-$5.6M-55.6%	-$3.6M-196.4%	$3.7M+618.9%	$519K+102.9%	-$18.1M
EPS (Diluted)	$-0.22+18.5%	$-0.27-42.1%	$-0.19-200.0%	$0.19+533.3%	$0.03+103.0%	$-1.00

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$25.0M+1.4%	$24.6M+3.3%	$23.8M-5.3%	$25.2M+15.1%	$21.9M+2.5%	$21.3M+2.9%	$20.7M+2.4%	$20.2M
Cost of Revenue	$3.4M+3.8%	$3.3M+11.9%	$2.9M-1.0%	$3.0M-12.4%	$3.4M+8.1%	$3.1M+3.2%	$3.0M+1.7%	$3.0M
Gross Profit	$21.6M+1.1%	$21.3M+2.1%	$20.9M-5.8%	$22.2M+20.2%	$18.5M+1.6%	$18.2M+2.8%	$17.7M+2.6%	$17.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.2M-23.1%	$2.9M+53.3%	$1.9M-11.0%	$2.1M+7.2%	$2.0M+22.0%	$1.6M+10.1%	$1.5M+3.2%	$1.4M
Operating Income	-$1.2M+43.5%	-$2.2M-116.6%	-$1.0M+47.3%	-$1.9M+3.5%	-$2.0M-133.4%	-$854K+42.8%	-$1.5M-234.0%	-$447K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$12K+1100.0%	$1K-97.9%	$48K	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.2M+43.7%	-$2.0M-67.9%	-$1.2M-13.7%	-$1.1M+50.4%	-$2.2M-122.8%	-$971K+45.2%	-$1.8M-148.4%	-$713K
EPS (Diluted)	$-0.05+28.6%	$-0.07-75.0%	$-0.04-33.3%	$-0.03+66.7%	$-0.09-80.0%	$-0.05+37.5%	$-0.08-100.0%	$-0.04

GAIA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$141.2M+8.4%	$130.3M-3.6%	$135.2M+1.1%	$133.7M+21.5%	$110.0M+3.6%	$106.2M
Current Assets	$15.7M-2.1%	$16.1M-6.3%	$17.2M+14.6%	$15.0M-8.5%	$16.4M+0.8%	$16.2M
Cash & Equivalents	$5.9M-24.5%	$7.8M-32.8%	$11.6M+12.6%	$10.3M-18.5%	$12.6M+9.7%	$11.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.6M+35.2%	$4.1M+39.1%	$3.0M+8.3%	$2.7M+34.8%	$2.0M-12.4%	$2.3M
Goodwill	$31.9M0.0%	$31.9M0.0%	$31.9M+10.6%	$28.9M+67.0%	$17.3M0.0%	$17.3M
Total Liabilities	$47.2M+8.5%	$43.5M-11.8%	$49.3M+13.5%	$43.5M+21.5%	$35.8M-4.0%	$37.3M
Current Liabilities	$41.8M+33.1%	$31.4M+14.8%	$27.4M-8.2%	$29.8M+39.8%	$21.3M+14.5%	$18.6M
Long-Term Debt	$0-100.0%	$5.8M-61.2%	$15.0M+144.9%	$6.1M-2.3%	$6.3M-66.1%	$18.4M
Total Equity	$80.7M-5.6%	$85.5M+0.8%	$84.8M-3.2%	$87.6M+18.0%	$74.2M+7.7%	$68.9M
Retained Earnings	-$90.4M-6.1%	-$85.2M-7.3%	-$79.4M-10.1%	-$72.1M+4.9%	-$75.8M+0.7%	-$76.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$151.1M+2.8%	$147.0M-1.0%	$148.5M+5.2%	$141.2M-0.6%	$142.1M+6.2%	$133.8M+2.7%	$130.3M-3.4%	$134.9M
Current Assets	$23.5M0.0%	$23.5M-2.8%	$24.2M+53.5%	$15.7M+0.7%	$15.6M-27.1%	$21.5M+33.4%	$16.1M-16.2%	$19.2M
Cash & Equivalents	$14.2M+1.7%	$13.9M+6.4%	$13.1M+123.4%	$5.9M+7.3%	$5.5M-36.5%	$8.6M+10.7%	$7.8M-30.8%	$11.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$5.6M-1.6%	$5.7M+1.5%	$5.6M+1.3%	$5.6M+15.7%	$4.8M+1.4%	$4.7M+15.3%	$4.1M+7.4%	$3.8M
Goodwill	$34.0M+6.4%	$31.9M0.0%	$31.9M0.0%	$31.9M0.0%	$31.9M0.0%	$31.9M0.0%	$31.9M0.0%	$31.9M
Total Liabilities	$49.5M+2.4%	$48.4M0.0%	$48.4M+2.5%	$47.2M+1.8%	$46.4M-2.8%	$47.7M+9.6%	$43.5M-15.6%	$51.6M
Current Liabilities	$44.8M+3.2%	$43.4M+0.5%	$43.2M+3.3%	$41.8M+20.2%	$34.8M-3.0%	$35.9M+14.1%	$31.4M-20.0%	$39.3M
Long-Term Debt	N/A	N/A	N/A	$0-100.0%	$5.7M-0.7%	$5.8M-0.7%	$5.8M-0.7%	$5.8M
Total Equity	$86.3M+0.7%	$85.7M-1.5%	$87.0M+7.8%	$80.7M-1.8%	$82.1M-3.2%	$84.8M-0.8%	$85.5M+4.1%	$82.1M
Retained Earnings	-$94.4M-1.2%	-$93.2M-2.0%	-$91.4M-1.1%	-$90.4M-2.3%	-$88.4M-2.5%	-$86.2M-1.2%	-$85.2M-2.2%	-$83.4M

GAIA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$6.9M+17.9%	$5.9M+249.4%	$1.7M-91.9%	$20.9M+79.1%	$11.7M+552.6%	-$2.6M
Capital Expenditures	$5.0M-5.5%	$5.3M-37.3%	$8.4M-51.5%	$17.3M+30.1%	$13.3M-28.7%	$18.7M
Free Cash Flow	$1.9M+225.7%	$596K+108.8%	-$6.7M-291.0%	$3.5M+310.4%	-$1.7M+92.1%	-$21.3M
Investing Cash Flow	-$15.0M-183.9%	-$5.3M+43.0%	-$9.3M+61.2%	-$23.9M-13455.7%	-$176K+99.1%	-$20.3M
Financing Cash Flow	$6.2M+240.7%	-$4.4M-149.4%	$8.9M+1255.3%	$655K+106.3%	-$10.4M-336.7%	$4.4M
Dividends Paid	$0	$0	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$169K	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$326K-85.7%	$2.3M+76.0%	$1.3M-51.2%	$2.7M+227.8%	-$2.1M-135.1%	$5.9M+86.4%	$3.2M+125.1%	$1.4M
Capital Expenditures	$1.9M+37.3%	$1.4M+36.3%	$1.0M-6.4%	$1.1M-23.9%	$1.4M+34.9%	$1.1M-53.3%	$2.3M+115.7%	$1.1M
Free Cash Flow	-$1.6M-281.9%	$880K+228.4%	$268K-82.8%	$1.6M+144.2%	-$3.5M-172.5%	$4.9M+448.9%	$886K+153.9%	$349K
Investing Cash Flow	-$3.9M-179.7%	-$1.4M-36.3%	-$1.0M+7.8%	-$1.1M+90.2%	-$11.4M-966.8%	-$1.1M+53.5%	-$2.3M-116.4%	-$1.1M
Financing Cash Flow	$3.8M+8445.7%	-$46K-100.7%	$7.0M+14912.8%	-$47K-100.7%	$6.4M+21393.3%	-$30K+99.3%	-$4.3M-434200.0%	$1K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GAIA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	86.1%+0.6pp	85.5%-1.1pp	86.7%-0.1pp	86.8%-0.3pp	87.1%+0.2pp	86.8%
Operating Margin	-6.6%-0.9pp	-5.7%-5.4pp	-0.3%-2.8pp	2.5%+9.4pp	-6.9%+24.9pp	-31.9%
Net Margin	-6.0%+1.0pp	-7.0%-2.6pp	-4.4%-9.1pp	4.7%+3.9pp	0.8%+34.4pp	-33.6%
Return on Equity	N/A	N/A	N/A	4.3%+3.6pp	0.7%	N/A
Return on Assets	-3.8%+0.5pp	-4.3%-1.6pp	-2.7%-5.5pp	2.8%+2.3pp	0.5%+17.6pp	-17.1%
Current Ratio	0.38-0.1	0.51-0.1	0.63+0.1	0.50-0.3	0.77-0.1	0.87
Debt-to-Equity	0.00-0.1	0.07-0.1	0.18+0.1	0.07-0.0	0.08-0.2	0.27
FCF Margin	2.1%+1.4pp	0.7%+9.0pp	-8.2%-12.6pp	4.4%+6.9pp	-2.5%+36.9pp	-39.4%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	86.4%-0.3pp	86.7%-1.0pp	87.7%-0.5pp	88.2%+3.7pp	84.5%-0.8pp	85.3%-0.0pp	85.4%+0.1pp	85.3%
Operating Margin	-5.0%+4.0pp	-8.9%-4.7pp	-4.3%+3.4pp	-7.6%+1.5pp	-9.1%-5.1pp	-4.0%+3.2pp	-7.2%-5.0pp	-2.2%
Net Margin	-4.6%+3.7pp	-8.3%-3.2pp	-5.1%-0.9pp	-4.3%+5.6pp	-9.9%-5.3pp	-4.6%+4.0pp	-8.6%-5.0pp	-3.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-0.8%+0.6pp	-1.4%-0.6pp	-0.8%-0.1pp	-0.8%+0.8pp	-1.5%-0.8pp	-0.7%+0.6pp	-1.4%-0.8pp	-0.5%
Current Ratio	0.52-0.0	0.54-0.0	0.56+0.2	0.38-0.1	0.45-0.1	0.60+0.1	0.51+0.0	0.49
Debt-to-Equity	0.570.0	0.560.0	0.56+0.6	0.00-0.1	0.070.0	0.070.0	0.070.0	0.07
FCF Margin	-6.4%-10.0pp	3.6%+2.5pp	1.1%-5.1pp	6.2%+22.3pp	-16.1%-39.0pp	22.8%+18.5pp	4.3%+2.5pp	1.7%

Note: The current ratio is below 1.0 (0.38), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Gaia Inc's annual revenue?

Gaia Inc (GAIA) reported $90.4M in total revenue for fiscal year 2024. This represents a 12.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gaia Inc's revenue growing?

Gaia Inc (GAIA) revenue grew by 12.4% year-over-year, from $80.4M to $90.4M in fiscal year 2024.

Is Gaia Inc profitable?

No, Gaia Inc (GAIA) reported a net income of -$5.4M in fiscal year 2024, with a net profit margin of -6.0%.

What is Gaia Inc's earnings per share (EPS)?

Gaia Inc (GAIA) reported diluted earnings per share of $-0.22 for fiscal year 2024. This represents a 18.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Gaia Inc's EBITDA?

Gaia Inc (GAIA) had EBITDA of $2.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Gaia Inc have?

As of fiscal year 2024, Gaia Inc (GAIA) had $5.9M in cash and equivalents against $0 in long-term debt.

What is Gaia Inc's gross margin?

Gaia Inc (GAIA) had a gross margin of 86.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Gaia Inc's operating margin?

Gaia Inc (GAIA) had an operating margin of -6.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Gaia Inc's net profit margin?

Gaia Inc (GAIA) had a net profit margin of -6.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Gaia Inc's free cash flow?

Gaia Inc (GAIA) generated $1.9M in free cash flow during fiscal year 2024. This represents a 225.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Gaia Inc's operating cash flow?

Gaia Inc (GAIA) generated $6.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Gaia Inc's total assets?

Gaia Inc (GAIA) had $141.2M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Gaia Inc's capital expenditures?

Gaia Inc (GAIA) invested $5.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Gaia Inc's current ratio?

Gaia Inc (GAIA) had a current ratio of 0.38 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Gaia Inc's debt-to-equity ratio?

Gaia Inc (GAIA) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gaia Inc's return on assets (ROA)?

Gaia Inc (GAIA) had a return on assets of -3.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Gaia Inc's Piotroski F-Score?

Gaia Inc (GAIA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gaia Inc's earnings high quality?

Gaia Inc (GAIA) has an earnings quality ratio of -1.28x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Gaia Inc?

Gaia Inc (GAIA) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.