Gaia Reports Third Quarter 2025 Results
Rhea-AI Summary
Gaia (NASDAQ: GAIA) reported third quarter 2025 results for the period ended September 30, 2025. Revenue rose 14% to $25.0 million (from $22.0 million), a $100 million annualized run-rate. Member count reached 883,000, up 37,000 year-over-year, with ARPU increases and acquisition contribution. Gross profit was $21.6 million and gross margin improved to 86.4%. Net loss was $(1.2) million or $(0.05) per share. Q3 free cash flow was $0.9 million, marking the seventh consecutive quarter of positive free cash flow; nine-month free cash flow was $3.2 million. Cash totaled $14.2 million plus an unused $10.0 million credit line. The company also launched a proprietary AI Guide and will host a conference call on November 3, 2025.
Positive
- Revenue +14% to $25.0M in Q3 2025
- Member count +37,000 to 883,000 as of Sept 30, 2025
- Gross profit $21.6M; gross margin 86.4%
- Seventh consecutive quarter of positive free cash flow
- Nine-month free cash flow improved to $3.2M
- Cash position $14.2M plus $10.0M unused credit line
Negative
- Net loss $(1.2)M, unchanged from Q3 2024
News Market Reaction 2 Alerts
On the day this news was published, GAIA gained 1.20%, reflecting a mild positive market reaction. Argus tracked a trough of -3.1% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $116M at that time.
Data tracked by StockTitan Argus on the day of publication.
BOULDER, Colo., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, reported financial results for the third quarter ended September 30, 2025.
Highlights:
- Revenue increased
14% , compared to the prior year quarter - Launched proprietary AI model
- Seventh consecutive quarter of positive operating and free cash flow generation
“Last October, we raised our subscription prices for most of our members by two dollars. While the losses from the price increase resulted in slower member growth, our revenue grew to a
Kiersten Medvedich, Gaia’s CEO, commented: “We’re pleased to report good revenue growth this quarter. Last week’s launch of our proprietary AI Guide marks an important milestone as we invest in AI and our global community platform, key initiatives that will increase engagement across our site and content. Together, these initiatives position Gaia for a future where technology strengthens connection and enriches how our members experience Gaia.”
Gaia CFO, Ned Preston, stated: “In the third quarter of 2025, when compared to the third quarter of 2024, we delivered
Third Quarter 2025 Financial Results
Revenue increased
Gross profit increased
Net loss was
For the third quarter, our free cash flow was
Our cash position increased to
Conference Call
Date: Monday, November 3, 2025
Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time)
Toll-free dial-in number: 1-877-269-7751
International dial-in number: 1-201-389-0908
Conference ID: 13756365
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 Gateway Group at (949) 574-3860.
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 7:30 p.m. Eastern time on the same day through November 17, 2025.
Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13756365
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
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 December 31, 2024. Risks and uncertainties that could cause actual results to differ include, without limitation: our ability to attract new members and retain existing members; our ability to compete effectively, including for customer engagement with different modes of entertainment; maintenance and expansion of device platforms for streaming; fluctuation in customer usage of our service; fluctuations in quarterly operating results; service disruptions; production risks; general economic conditions; future losses; loss of key personnel; price changes; brand reputation; acquisitions; new initiatives we undertake; security and information systems; legal liability for website content; failure of third parties to provide adequate service; future internet-related taxes; our founder’s control of us; litigation; consumer trends; the effect of government regulation and programs; the impact of public health threats; and other risks and uncertainties included in our filings with the Securities and Exchange Commission. We caution you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect our views only as of the date of this press release. We undertake no obligation to update any forward-looking information.
Non-GAAP Measures
In addition to disclosing financial results calculated in accordance with generally accepted accounting principles in the United States of America (GAAP), the financial information included in this release contains non-GAAP financial measures, including Free Cash Flow. These non-GAAP measures should not be considered a substitute for, or superior to, financial measures and results calculated in accordance with GAAP, including net income, and reconciliations to GAAP financial statements should be carefully evaluated. Free Cash Flow represents net cash provided by operating activities plus cash paid for interest payments, less cash used for capital expenditures, plus cash from non-core business activities. We believe Free Cash Flow is also useful as one of the bases for comparing the Gaia’s performance with its competitors. Although Free Cash Flow and similar measures are frequently used as measures of cash flows generated from operations by other companies, Gaia’s calculation of Free Cash Flow might not necessarily be comparable to such other similarly titled captions of other companies. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting and analyzing future periods.
Company Contact:
Ned Preston
Chief Financial Officer
Gaia, Inc.
Investors@gaia.com
Investor Relations:
Gateway Group, Inc.
Cody Slach
(949) 574-3860
GAIA@gateway-grp.com
GAIA, INC.
Condensed Consolidated Balance Sheets
| September 30, | December 31, | |||||||
| (in thousands, except share and per share data) | 2025 | 2024 | ||||||
| (unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 14,162 | $ | 5,860 | ||||
| Accounts receivable | 5,623 | 5,560 | ||||||
| Other receivables | — | 1,809 | ||||||
| Prepaid expenses and other current assets | 3,702 | 2,513 | ||||||
| Total current assets | 23,487 | 15,742 | ||||||
| Media library, net | 39,558 | 38,987 | ||||||
| Operating right-of-use asset, net | 4,809 | 5,454 | ||||||
| Property and equipment, net | 25,646 | 26,883 | ||||||
| Technology license, net | 14,945 | 15,550 | ||||||
| Investments and other assets, net | 8,666 | 6,658 | ||||||
| Goodwill | 33,982 | 31,943 | ||||||
| Total assets | $ | 151,093 | $ | 141,217 | ||||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 13,185 | $ | 12,435 | ||||
| Accrued and other liabilities | 5,796 | 3,491 | ||||||
| Long-term debt, current portion | 5,667 | 5,801 | ||||||
| Operating lease liability, current portion | 884 | 839 | ||||||
| Deferred revenue | 19,289 | 19,268 | ||||||
| Total current liabilities | 44,821 | 41,834 | ||||||
| Operating lease liability, net of current portion | 4,203 | 4,869 | ||||||
| Deferred taxes, net | 526 | 501 | ||||||
| Total liabilities | 49,550 | 47,204 | ||||||
| Shareholder's equity: | ||||||||
| Class A common stock, | 2 | 2 | ||||||
| Class B common stock, | 1 | 1 | ||||||
| Additional paid-in capital | 180,663 | 171,100 | ||||||
| Accumulated deficit | (94,396 | ) | (90,428 | ) | ||||
| Total Gaia, Inc. shareholders’ equity | 86,270 | 80,675 | ||||||
| Noncontrolling interests | 15,273 | 13,133 | ||||||
| Total equity | 101,543 | 94,013 | ||||||
| Total liabilities and equity | $ | 151,093 | $ | 141,217 | ||||
Condensed Consolidated Statements of Operations (unaudited)
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||
| (in thousands, except per share data) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Revenues, net | $ | 24,984 | $ | 22,028 | $ | 73,456 | $ | 65,197 | ||||||||
| Cost of revenues | 3,410 | 3,071 | 9,629 | 9,589 | ||||||||||||
| Gross profit | 21,574 | 18,957 | 63,827 | 55,608 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Selling and operating | 20,578 | 18,106 | 61,233 | 53,987 | ||||||||||||
| Corporate, general and administration | 2,237 | 2,013 | 7,043 | 5,630 | ||||||||||||
| Total operating expenses | 22,815 | 20,119 | 68,276 | 59,617 | ||||||||||||
| Loss from operations | (1,241 | ) | (1,162 | ) | (4,449 | ) | (4,009 | ) | ||||||||
| Other income (expense), net | 22 | (144 | ) | 9 | (396 | ) | ||||||||||
| Loss before income taxes | (1,219 | ) | (1,306 | ) | (4,440 | ) | (4,405 | ) | ||||||||
| Income tax expense | 12 | — | 61 | — | ||||||||||||
| Loss from continuing operations | (1,231 | ) | (1,306 | ) | (4,501 | ) | (4,405 | ) | ||||||||
| (Loss) / gain from discontinued operations | (63 | ) | (194 | ) | (59 | ) | (229 | ) | ||||||||
| Net loss | (1,294 | ) | (1,500 | ) | (4,560 | ) | (4,634 | ) | ||||||||
| Net (loss) / income attributable to noncontrolling interests | (141 | ) | (308 | ) | (592 | ) | (204 | ) | ||||||||
| Net loss attributable to common shareholders | $ | (1,153 | ) | $ | (1,192 | ) | $ | (3,968 | ) | $ | (4,430 | ) | ||||
| Loss per share: | ||||||||||||||||
| Basic | ||||||||||||||||
| Continuing operations (attributable to common shareholders) | $ | (0.05 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | (0.18 | ) | ||||
| Discontinued operations | $ | — | $ | (0.01 | ) | $ | — | $ | (0.01 | ) | ||||||
| Basic loss per share | $ | (0.05 | ) | $ | (0.05 | ) | $ | (0.16 | ) | $ | (0.19 | ) | ||||
| Diluted | ||||||||||||||||
| Continuing operations (attributable to common shareholders) | $ | (0.05 | ) | $ | (0.04 | ) | $ | (0.16 | ) | $ | (0.18 | ) | ||||
| Discontinued operations | $ | — | $ | (0.01 | ) | $ | — | $ | (0.01 | ) | ||||||
| Diluted loss per share | $ | (0.05 | ) | $ | (0.05 | ) | $ | (0.16 | ) | $ | (0.19 | ) | ||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 25,044 | 23,404 | 24,805 | 23,312 | ||||||||||||
| Diluted | 25,044 | 23,404 | 24,805 | 23,312 | ||||||||||||
Condensed Consolidated Statements of Cash Flows (unaudited)
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net cash provided by (used in): | ||||||||||||||||
| Net cash provided by operating activities | $ | 326 | $ | 409 | $ | 3,908 | $ | 4,264 | ||||||||
| Net cash provided by (used in) investing activities | (3,927 | ) | (1,361 | ) | (6,361 | ) | (13,881 | ) | ||||||||
| Net cash (used in) provided by financing activities | 3,839 | (142 | ) | 10,755 | 6,216 | |||||||||||
| Net change in cash and cash equivalents | $ | 238 | $ | (1,094 | ) | $ | 8,302 | $ | (3,401 | ) | ||||||
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow (unaudited)
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||||||||||||||
| (in thousands) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net cash provided by operating activities | $ | 326 | $ | 409 | $ | 3,908 | $ | 4,264 | ||||||||
| Cash paid for interest | 72 | 141 | 290 | 403 | ||||||||||||
| Net cash used for capital expenditures | (1,927 | ) | (1,361 | ) | (4,361 | ) | (3,881 | ) | ||||||||
| Change in cash from non-core business activities | 2,417 | 950 | 3,391 | 1,050 | ||||||||||||
| Free cash flow | $ | 888 | $ | 139 | $ | 3,229 | $ | 1,836 | ||||||||
FAQ
What were Gaia (GAIA) Q3 2025 revenue and year-over-year growth?
How many members did Gaia report as of September 30, 2025 (GAIA)?
What was Gaia's Q3 2025 free cash flow and cash position (GAIA)?
Did Gaia (GAIA) report a net profit or loss in Q3 2025 and what was EPS?
What product or technology did Gaia announce in Q3 2025 (GAIA)?
When is Gaia's Q3 2025 earnings conference call and how can investors access it (GAIA)?
