Gaia Inc Financials
Gaia Inc (GAIA) reported $99.0M in revenue for fiscal year 2025, up 10.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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
Gaia Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Gaia Inc scores -0.02, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($37.1M) relative to total liabilities ($52.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Gaia Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Gaia Inc reported a net loss of $4.5M while generating $5.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
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 recorded an outflow of $377K in free cash flow in fiscal year 2025, representing a cash shortfall 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.
Not reported for 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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
GAIA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $98.1M | $99.0M+10.8% | $89.3M+11.0% | $80.4M-2.0% | $82.0M+3.1% | $79.6M+19.1% | $66.8M+23.8% | $54.0M+28.5% | $42.0M+48.5% | $28.3M+64.0% | $17.2M+28.1% | $13.5M+25.2% | $10.8M-93.1% | $155.5M+22.2% | $127.2M-43.1% | $223.7M |
| Cost of Revenue | $13.4M | $12.8M+2.9% | $12.4M+6.9% | $11.6M+6.5% | $10.9M+3.7% | $10.5M+21.7% | $8.7M+21.7% | $7.1M+32.9% | $5.4M+36.3% | $3.9M+38.2% | $2.8M+9.4% | $2.6M+27.6% | $2.0M-97.7% | $90.2M+27.5% | $70.7M-51.2% | $144.8M |
| Gross Profit | $84.7M | $86.2M+12.1% | $76.9M+11.7% | $68.8M-3.3% | $71.1M+3.0% | $69.0M+18.7% | $58.2M+24.1% | $46.9M+27.9% | $36.6M+50.4% | $24.4M+69.1% | $14.4M+32.6% | $10.9M+24.6% | $8.7M-86.6% | $65.3M+15.6% | $56.5M-28.3% | $78.9M |
| SG&A Expenses | $8.4M | $9.4M+21.0% | $7.8M+25.1% | $6.2M-13.6% | $7.2M+17.2% | $6.1M+4.4% | $5.9M+1.5% | $5.8M-2.2% | $5.9M+7.0% | $5.5M-8.2% | $6.0M-92.5% | $80.6M+1665.0% | $4.6M-59.7% | $11.3M+8.9% | $10.4M-12.1% | $11.8M |
| Operating Income | -$6.5M | -$5.1M+10.7% | -$5.7M-25.2% | -$4.6M-1623.4% | -$265K-113.4% | $2.0M+142.9% | -$4.6M+73.1% | -$17.2M+52.8% | -$36.4M-44.8% | -$25.1M-51.7% | -$16.6M-90.3% | -$8.7M+18.8% | -$10.7M+50.4% | -$21.6M-112.7% | -$10.2M+67.5% | -$31.3M |
| Income Tax | $170K | $192K+664.7% | -$34K-156.7% | $60K-70.3% | $202K+110.0% | -$2.0M-1217.2% | $180K+300.0% | $45K+102.3% | -$1.9M-110.2% | -$925K+84.9% | -$6.1M-204700.0% | -$3K-100.2% | $1.4M-94.7% | $26.0M+375.0% | -$9.4M+11.8% | -$10.7M |
| Net Income | -$6.0M | -$4.5M+14.1% | -$5.2M+6.5% | -$5.6M-55.6% | -$3.6M-196.4% | $3.7M+618.9% | $519K+102.9% | -$18.1M+46.3% | -$33.8M-45.2% | -$23.3M-126.7% | $87.1M+890.6% | -$11.0M-22.9% | -$9.0M+60.6% | -$22.8M-76.6% | -$12.9M+48.2% | -$24.9M |
| EPS (Diluted) | — | -$0.18+18.2% | -$0.22+18.5% | -$0.27-42.1% | -$0.19-200.0% | $0.19+533.3% | $0.03+103.0% | -$1.00 | N/A | N/A | N/A | N/A | N/A | -$0.98-71.9% | -$0.57+47.2% | -$1.08 |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GAIA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $154.6M+9.5% | $141.2M+8.4% | $130.3M-3.6% | $135.2M+1.1% | $133.7M+21.5% | $110.0M+3.6% | $106.2M-0.9% | $107.2M+10.5% | $97.0M-9.5% | $107.2M-16.6% | $128.5M-7.3% | $138.6M-2.2% | $141.7M-28.2% | $197.2M+20.8% | $163.3M |
| Current Assets | $22.5M+43.0% | $15.7M-2.1% | $16.1M-6.3% | $17.2M+14.6% | $15.0M-8.5% | $16.4M+0.8% | $16.2M-52.9% | $34.5M-6.6% | $36.9M-33.9% | $55.9M-21.6% | $71.3M-9.5% | $78.8M-12.5% | $90.1M-30.6% | $129.8M+37.6% | $94.3M |
| Cash & Equivalents | $13.5M+131.1% | $5.9M-24.5% | $7.8M-32.8% | $11.6M+12.6% | $10.3M-18.5% | $12.6M+9.7% | $11.5M-61.6% | $30.0M-8.6% | $32.8M-39.3% | $54.0M+4167.5% | $1.3M-66.9% | $3.8M+151.2% | $1.5M-84.6% | $9.9M-32.2% | $14.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $17.3M-14.1% | $20.2M-0.6% | $20.3M-4.6% | $21.3M-27.2% | $29.2M |
| Accounts Receivable | $5.4M-2.2% | $5.6M+35.2% | $4.1M+39.1% | $3.0M+8.3% | $2.7M+34.8% | $2.0M-12.4% | $2.3M+73.2% | $1.3M+26.4% | $1.1M+90.4% | $554K+19.1% | $465K-98.5% | $30.3M+15.5% | $26.2M+19.2% | $22.0M-29.4% | $31.1M |
| Goodwill | $34.0M+6.4% | $31.9M0.0% | $31.9M0.0% | $31.9M+10.6% | $28.9M+67.0% | $17.3M0.0% | $17.3M+63.0% | $10.6M0.0% | $10.6M0.0% | $10.6M0.0% | $10.6M-31.3% | $15.4M+10.4% | $14.0M+423.7% | $2.7M0.0% | $2.7M |
| Total Liabilities | $52.5M+11.3% | $47.2M+8.5% | $43.5M-11.8% | $49.3M+13.5% | $43.5M+21.5% | $35.8M-4.0% | $37.3M+45.1% | $25.7M+23.3% | $20.8M+115.6% | $9.7M-78.3% | $44.6M+1.7% | $43.8M+8.9% | $40.3M-50.4% | $81.2M+130.7% | $35.2M |
| Current Liabilities | $38.0M-9.3% | $41.8M+33.1% | $31.4M+14.8% | $27.4M-8.2% | $29.8M+39.8% | $21.3M+14.5% | $18.6M+43.0% | $13.0M+69.9% | $7.7M-15.8% | $9.1M-77.1% | $39.7M+1.7% | $39.1M+7.4% | $36.4M-53.6% | $78.4M+144.0% | $32.1M |
| Long-Term Debt | $5.5M | $0-100.0% | $5.8M-61.2% | $15.0M+144.9% | $6.1M-2.3% | $6.3M-66.1% | $18.4M+47.5% | $12.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $87.9M+9.0% | $80.7M-5.6% | $85.5M+0.8% | $84.8M-3.2% | $87.6M+18.0% | $74.2M+7.7% | $68.9M-15.4% | $81.5M+7.0% | $76.2M-21.9% | $97.5M+16.2% | $83.9M-11.4% | $94.8M-6.5% | $101.4M-12.6% | $116.1M-9.4% | $128.1M |
| Retained Earnings | -$94.9M-5.0% | -$90.4M-6.1% | -$85.2M-7.3% | -$79.4M-10.1% | -$72.1M+4.9% | -$75.8M+0.7% | -$76.4M-31.2% | -$58.2M-138.4% | -$24.4M-2419.1% | -$969K+98.9% | -$88.0M-15.3% | -$76.3M-14.9% | -$66.4M-52.1% | -$43.7M-41.9% | -$30.8M |
GAIA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M | $5.7M-18.0% | $6.9M+17.9% | $5.9M+249.4% | $1.7M-91.9% | $20.9M+79.1% | $11.7M+552.6% | -$2.6M+88.0% | -$21.4M-2.9% | -$20.8M-35.2% | -$15.4M-302.4% | $7.6M-22.3% | $9.8M+142.3% | -$23.1M-240.3% | $16.5M+214.4% | $5.2M |
| Capital Expenditures | $7.8M | $6.1M+21.5% | $5.0M-5.5% | $5.3M-37.3% | $8.4M-51.5% | $17.3M+30.1% | $13.3M-28.7% | $18.7M-0.8% | $18.9M+50.7% | $12.5M+89.7% | $6.6M+3.4% | $6.4M+44.6% | $4.4M+30.3% | $3.4M-9.1% | $3.7M-15.2% | $4.4M |
| Free Cash Flow | -$9.5M | -$377K-119.4% | $1.9M+225.7% | $596K+108.8% | -$6.7M-291.0% | $3.5M+310.4% | -$1.7M+92.1% | -$21.3M+47.1% | -$40.2M-20.8% | -$33.3M-51.5% | -$22.0M-1899.8% | $1.2M-77.3% | $5.4M+120.3% | -$26.5M-307.9% | $12.8M+1403.9% | $848K |
| Investing Cash Flow | -$11.7M | -$10.0M+33.0% | -$15.0M-183.9% | -$5.3M+43.0% | -$9.3M+61.2% | -$23.9M-13455.7% | -$176K+99.1% | -$20.3M-7.5% | -$18.9M-44.9% | -$13.0M-109.0% | $145.2M+1655.6% | -$9.3M-10.6% | -$8.4M-113.0% | $65.0M+457.2% | -$18.2M-68.5% | -$10.8M |
| Financing Cash Flow | $4.9M | $12.1M+95.4% | $6.2M+240.7% | -$4.4M-149.4% | $8.9M+1255.3% | $655K+106.3% | -$10.4M-336.7% | $4.4M-88.3% | $37.4M+198.2% | $12.6M+116.3% | -$77.1M-23541.4% | -$326K-119.7% | $1.7M+108.6% | -$19.2M-528.2% | -$3.1M+64.6% | -$8.6M |
| Dividends Paid | N/A | $0 | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $150K | N/A | $583K | N/A |
| Share Buybacks | N/A | N/A | N/A | $169K | N/A | N/A | N/A | N/A | N/A | N/A | $76.2M | N/A | N/A | N/A | N/A | $2.3M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GAIA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 87.1%+1.0pp | 86.1%+0.5pp | 85.5%-1.1pp | 86.7%-0.1pp | 86.8%-0.3pp | 87.1%+0.2pp | 86.8%-0.4pp | 87.3%+1.1pp | 86.1%+2.6pp | 83.5%+2.8pp | 80.7%-0.4pp | 81.1%+39.1pp | 42.0%-2.4pp | 44.4%+9.2pp | 35.3% |
| Operating Margin | -5.2%+1.2pp | -6.4%-0.7pp | -5.7%-5.4pp | -0.3%-2.8pp | 2.5%+9.4pp | -6.9%+24.9pp | -31.9%+54.8pp | -86.7%+2.2pp | -88.9%+7.2pp | -96.1%-31.4pp | -64.7%+35.0pp | -99.7%-85.8pp | -13.9%-5.9pp | -8.0%+6.0pp | -14.0% |
| Net Margin | -4.5%+1.3pp | -5.9%+1.1pp | -7.0%-2.6pp | -4.4%-9.1pp | 4.7%+3.9pp | 0.8%+34.4pp | -33.6%+46.8pp | -80.5%+1.8pp | -82.3% | 504.8% | -81.8%+1.5pp | -83.3%-68.7pp | -14.6%-4.5pp | -10.1%+1.0pp | -11.1% |
| Return on Equity | -5.1%+1.4pp | -6.5%+0.1pp | -6.5%-2.3pp | -4.2%-8.5pp | 4.3%+3.6pp | 0.7%+27.0pp | -26.3%+15.1pp | -41.5%-10.9pp | -30.6%-119.8pp | 89.3%+102.4pp | -13.1%-3.7pp | -9.4%+13.0pp | -22.4%-11.3pp | -11.1%+8.3pp | -19.4% |
| Return on Assets | -2.9%+0.8pp | -3.7%+0.6pp | -4.3%-1.6pp | -2.7%-5.5pp | 2.8%+2.3pp | 0.5%+17.6pp | -17.1%+14.5pp | -31.5%-7.5pp | -24.0%-105.2pp | 81.2%+89.8pp | -8.6%-2.1pp | -6.5%+9.6pp | -16.1%-9.5pp | -6.5%+8.7pp | -15.2% |
| Current Ratio | 0.59+0.2x | 0.38-0.1x | 0.51-0.1x | 0.63+0.1x | 0.50-0.3x | 0.77-0.1x | 0.87-1.8x | 2.65-2.2x | 4.82-1.3x | 6.14+4.3x | 1.79-0.2x | 2.02-0.5x | 2.47+0.8x | 1.66-1.3x | 2.94 |
| Debt-to-Equity | 0.06+0.1x | 0.00-0.1x | 0.07-0.1x | 0.18+0.1x | 0.070.0x | 0.08-0.2x | 0.27+0.1x | 0.15-0.1x | 0.27+0.2x | 0.10-0.4x | 0.53+0.1x | 0.46+0.1x | 0.40-0.3x | 0.70+0.4x | 0.27 |
| FCF Margin | -0.4%-2.6pp | 2.2%+1.4pp | 0.7%+9.0pp | -8.2%-12.6pp | 4.4%+6.9pp | -2.5%+36.9pp | -39.4%+56.4pp | -95.8% | -117.7% | -127.4% | 9.1%-40.9pp | 50.0%+67.0pp | -17.1%-27.1pp | 10.0%+9.6pp | 0.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
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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Where Gaia Inc Ranks
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) recorded an outflow of $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 Altman Z-Score?
Gaia Inc (GAIA) has an Altman Z-Score of -0.02, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Gaia Inc's Piotroski F-Score?
Gaia Inc (GAIA) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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) reported a net loss of $4.5M while generating $5.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.