Gaia Inc Financials
This page shows Gaia Inc (GAIA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Very high gross margins are being offset by persistent operating cost and reinvestment needs, keeping cash generation near break-even.
From FY2023 to FY2025, revenue rose from$80.4M to$99.0M while gross margin stayed above85.0% , yet free cash flow moved from$596K to-$377K . That gap between high incremental gross profit and thin post-investment cash shows added sales are not translating into self-funded growth because operating costs and capital spending absorb most of the cash created upstream.
Liquidity pressure is a near-term working-capital issue, not a heavily debt-funded balance sheet: FY2025 ended with a current ratio of 0.6x, but debt to equity was only 0.1x and long-term debt was just
Earnings quality is better than net income alone suggests because depreciation and amortization of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Gaia Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Gaia Inc has an operating margin of -5.2%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 10/100, suggesting thin profitability after operating expenses. This is up from -6.4% the prior year.
Gaia Inc's revenue grew 10.8% year-over-year to $99.0M, a solid pace of expansion. This earns a growth score of 52/100.
Gaia Inc carries a low D/E ratio of 0.06, meaning only $0.06 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.
Gaia Inc's current ratio of 0.59 is below the typical benchmark, resulting in a score of 6/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Gaia Inc generated $5.7M in operating cash flow, capex of $6.1M consumed most of it, leaving -$377K in free cash flow. This results in a low score of 27/100, reflecting heavy capital investment rather than weak cash generation.
Gaia Inc generates a -5.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -6.5% the prior year.
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.
For every $1 of reported earnings, Gaia Inc generates $-1.26 in operating cash flow ($5.7M OCF vs -$4.5M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Gaia Inc generated $99.0M in revenue in fiscal year 2025. This represents an increase of 10.8% from the prior year.
Gaia Inc's EBITDA was $3.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.0% from the prior year.
Gaia Inc reported -$4.5M in net income in fiscal year 2025. This represents an increase of 14.1% from the prior year.
Gaia Inc earned $-0.18 per diluted share (EPS) in fiscal year 2025. This represents an increase of 18.2% from the prior year.
Cash & Balance Sheet
Gaia Inc generated -$377K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 119.4% from the prior year.
Gaia Inc held $13.5M in cash against $5.5M in long-term debt as of fiscal year 2025.
Margins & Returns
Gaia Inc's gross margin was 87.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Gaia Inc's operating margin was -5.2% in fiscal year 2025, reflecting core business profitability. This is up 1.2 percentage points from the prior year.
Gaia Inc's net profit margin was -4.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.
Gaia Inc's ROE was -5.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.4 percentage points from the prior year.
Capital Allocation
Gaia Inc invested $6.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 21.5% from the prior year.
GAIA Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3M-4.6% | $25.5M+2.1% | $25.0M+1.4% | $24.6M+3.3% | $23.8M-1.1% | $24.1M+9.4% | $22.0M+0.8% | $21.9M |
| Cost of Revenue | $3.4M+7.6% | $3.2M-7.2% | $3.4M+3.8% | $3.3M+11.9% | $2.9M+3.1% | $2.8M-7.3% | $3.1M-9.3% | $3.4M |
| Gross Profit | $20.9M-6.4% | $22.3M+3.5% | $21.6M+1.1% | $21.3M+2.1% | $20.9M-1.6% | $21.3M+12.1% | $19.0M+2.6% | $18.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.3M-0.7% | $2.4M+5.1% | $2.2M-23.1% | $2.9M+53.3% | $1.9M-11.0% | $2.1M+5.9% | $2.0M+1.3% | $2.0M |
| Operating Income | -$1.4M-118.7% | -$653K+47.4% | -$1.2M+43.5% | -$2.2M-116.6% | -$1.0M+40.6% | -$1.7M-47.0% | -$1.2M+41.7% | -$2.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $34K-74.0% | $131K+991.7% | $12K+1100.0% | $1K-97.9% | $48K | N/A | N/A | N/A |
| Net Income | -$1.3M-348.2% | -$280K+75.7% | -$1.2M+43.7% | -$2.0M-101.9% | -$1.0M-11.8% | -$907K+23.9% | -$1.2M+44.9% | -$2.2M |
| EPS (Diluted) | $-0.05 | N/A | $-0.05+28.6% | $-0.07-75.0% | $-0.04 | N/A | $-0.05+44.4% | $-0.09 |
GAIA Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $154.6M-0.1% | $154.6M+2.4% | $151.1M+2.8% | $147.0M-1.0% | $148.5M+5.2% | $141.2M+1.1% | $139.6M-1.7% | $142.1M |
| Current Assets | $22.0M-2.1% | $22.5M-4.2% | $23.5M0.0% | $23.5M-2.8% | $24.2M+53.5% | $15.7M+9.5% | $14.4M-8.0% | $15.6M |
| Cash & Equivalents | $13.1M-3.3% | $13.5M-4.4% | $14.2M+1.7% | $13.9M+6.4% | $13.1M+123.4% | $5.9M+34.2% | $4.4M-20.0% | $5.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $5.4M+0.2% | $5.4M-3.3% | $5.6M-1.6% | $5.7M+1.5% | $5.6M+1.3% | $5.6M+10.4% | $5.0M+4.8% | $4.8M |
| Goodwill | $34.0M0.0% | $34.0M0.0% | $34.0M+6.4% | $31.9M0.0% | $31.9M0.0% | $31.9M0.0% | $31.9M0.0% | $31.9M |
| Total Liabilities | $53.5M+2.0% | $52.5M+6.0% | $49.5M+2.4% | $48.4M0.0% | $48.4M+2.5% | $47.2M+4.6% | $45.1M-2.6% | $46.4M |
| Current Liabilities | $39.2M+3.3% | $38.0M-15.3% | $44.8M+3.2% | $43.4M+0.5% | $43.2M+3.3% | $41.8M+23.7% | $33.8M-2.8% | $34.8M |
| Long-Term Debt | $5.4M-1.0% | $5.5M | N/A | N/A | N/A | $0-100.0% | $5.7M-0.7% | $5.7M |
| Total Equity | $87.0M-1.1% | $87.9M+1.9% | $86.3M+0.7% | $85.7M-1.5% | $87.0M+7.8% | $80.7M-0.6% | $81.2M-1.1% | $82.1M |
| Retained Earnings | -$96.2M-1.3% | -$94.9M-0.6% | -$94.4M-1.2% | -$93.2M-2.0% | -$91.4M-1.1% | -$90.4M-0.9% | -$89.6M-1.3% | -$88.4M |
GAIA Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.5M-15.5% | $1.8M+441.7% | $326K-85.7% | $2.3M+76.0% | $1.3M-51.2% | $2.7M+550.1% | $409K+119.7% | -$2.1M |
| Capital Expenditures | $1.6M-3.9% | $1.7M-12.3% | $1.9M+37.3% | $1.4M+36.3% | $1.0M-6.4% | $1.1M-19.1% | $1.4M-5.9% | $1.4M |
| Free Cash Flow | -$131K-272.4% | $76K+104.7% | -$1.6M-281.9% | $880K+228.4% | $268K-82.8% | $1.6M+263.7% | -$952K+73.0% | -$3.5M |
| Investing Cash Flow | -$1.9M+49.7% | -$3.7M+6.1% | -$3.9M-179.7% | -$1.4M-36.3% | -$1.0M+7.8% | -$1.1M+17.9% | -$1.4M+88.1% | -$11.4M |
| Financing Cash Flow | -$81K-106.2% | $1.3M-66.2% | $3.8M+8445.7% | -$46K-100.7% | $7.0M+14912.8% | -$47K+66.9% | -$142K-102.2% | $6.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $57K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GAIA Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.0%-1.6pp | 87.6%+1.2pp | 86.4%-0.3pp | 86.7%-1.0pp | 87.7%-0.5pp | 88.2%+2.1pp | 86.1%+1.6pp | 84.5% |
| Operating Margin | -5.9%-3.3pp | -2.6%+2.4pp | -5.0%+4.0pp | -8.9%-4.7pp | -4.3%+2.8pp | -7.1%-1.8pp | -5.3%+3.8pp | -9.1% |
| Net Margin | -5.2%-4.1pp | -1.1%+3.5pp | -4.6%+3.7pp | -8.3%-4.1pp | -4.3%-0.5pp | -3.8%+1.7pp | -5.4%+4.5pp | -9.9% |
| Return on Equity | -1.4%-1.1pp | -0.3%+1.0pp | -1.3%+1.1pp | -2.4%-1.2pp | -1.2%-0.0pp | -1.1%+0.3pp | -1.5%+1.2pp | -2.6% |
| Return on Assets | -0.8%-0.6pp | -0.2%+0.6pp | -0.8%+0.6pp | -1.4%-0.7pp | -0.7%-0.0pp | -0.6%+0.2pp | -0.9%+0.7pp | -1.5% |
| Current Ratio | 0.56-0.0 | 0.59+0.1 | 0.52-0.0 | 0.54-0.0 | 0.56+0.2 | 0.38-0.0 | 0.43-0.0 | 0.45 |
| Debt-to-Equity | 0.060.0 | 0.06-0.5 | 0.570.0 | 0.560.0 | 0.56+0.6 | 0.00-0.1 | 0.070.0 | 0.07 |
| FCF Margin | -0.5%-0.8pp | 0.3%+6.7pp | -6.4%-10.0pp | 3.6%+2.5pp | 1.1%-5.3pp | 6.5%+10.8pp | -4.3%+11.8pp | -16.1% |
Note: The current ratio is below 1.0 (0.59), 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 $99.0M in total revenue for fiscal year 2025. This represents a 10.8% 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 10.8% year-over-year, from $89.3M to $99.0M in fiscal year 2025.
Is Gaia Inc profitable?
No, Gaia Inc (GAIA) reported a net income of -$4.5M in fiscal year 2025, with a net profit margin of -4.5%.
What is Gaia Inc's EBITDA?
Gaia Inc (GAIA) had EBITDA of $3.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Gaia Inc have?
As of fiscal year 2025, Gaia Inc (GAIA) had $13.5M in cash and equivalents against $5.5M in long-term debt.
What is Gaia Inc's gross margin?
Gaia Inc (GAIA) had a gross margin of 87.1% in fiscal year 2025, 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 -5.2% in fiscal year 2025, 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 -4.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Gaia Inc's return on equity (ROE)?
Gaia Inc (GAIA) has a return on equity of -5.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Gaia Inc's free cash flow?
Gaia Inc (GAIA) generated -$377K in free cash flow during fiscal year 2025. This represents a -119.4% 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 $5.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Gaia Inc's total assets?
Gaia Inc (GAIA) had $154.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Gaia Inc's capital expenditures?
Gaia Inc (GAIA) invested $6.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Gaia Inc's current ratio?
Gaia Inc (GAIA) had a current ratio of 0.59 as of fiscal year 2025, 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 0.06 as of fiscal year 2025, 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 -2.9% for fiscal year 2025, 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 to 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 -1.26x, 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 32 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.