What was GAIA’s profitability and loss per share in Q2 2026?

Gaia posted a net loss of $3.0 million , or $0.12 per share , in Q2 2026. This compares with a net loss of $1.8 million, or $0.07 per share, in the second quarter of 2025, reflecting higher losses year over year.

Gaia, Inc. (NASDAQ: GAIA) sees Q2 2026 revenue slip and cash flow turn negative

Q: How did GAIA’s revenue perform in the second quarter of 2026?

Gaia reported Q2 2026 revenue of $23.3 million , down 5% from $24.6 million in Q2 2025. The decline reflects fewer lower-quality subscribers, lower ARPU regions, and a shift toward higher-ARPU, direct member acquisition.

Q: What was GAIA’s operating cash flow and cash position as of June 30, 2026?

Operating cash flow for Q2 2026 was $(5.4) million , versus $2.284 million a year earlier. Gaia ended June 30, 2026 with $5.3 million in cash and cash equivalents and a fully available $10 million line of credit.

Q: How did GAIA’s margins and efficiency metrics trend in Q2 2026?

Gross margin was 85.3% in Q2 2026, compared with 86.7% in Q2 2025, mainly due to lower revenue on similar content costs. Annualized gross profit per employee rose to $819,000 , suggesting improved efficiency per employee.

Q: What strategic priorities did GAIA’s management highlight for 2026?

Management emphasized prioritizing higher-quality, higher-ARPU direct members over near-term revenue, disciplined discounting, and new AI-powered engagement features. They stated a focus on returning to positive free cash flow in the fourth quarter of 2026.

Q: What are GAIA’s key balance sheet figures as of June 30, 2026?

Total assets were $147.7 million , total liabilities were $49.6 million , and total equity was $98.1 million at June 30, 2026. Deferred revenue stood at $18.1 million , and long-term debt totaled about $5.6 million including current portion.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Gaia, Inc. reported second quarter 2026 revenue of $23.3 million, down 5% from $24.6 million a year earlier, reflecting fewer lower-quality subscribers and a shift toward higher-ARPU, direct member acquisition with more disciplined discounting. Gross margin was 85.3% versus 86.7% as content-related costs stayed relatively consistent while revenue declined.

The company recorded a net loss of $3.0 million, or $0.12 per share, compared with a net loss of $1.8 million, or $0.07 per share, in second quarter 2025. Operating cash flow declined to $(5.4) million, influenced by $2.4 million of seasonal pressure from annual member renewals, lower revenue, and higher marketing costs. Cash and cash equivalents were $5.3 million at June 30, 2026, and Gaia also had a fully available $10 million line of credit. Management highlighted deliberate trade-offs to prioritize longer-term member quality and engagement, including new AI-powered content features, and expressed a focus on returning to positive free cash flow in the fourth quarter.

Positive

Annualized gross profit per employee increased to $819,000, indicating improved revenue efficiency relative to headcount.
Gaia ended June 30, 2026 with $5.3 million in cash and a fully available $10 million line of credit, supporting near-term liquidity.
Management reaffirmed a strategic focus on higher-ARPU, direct member acquisition and stated a goal of returning to positive free cash flow in the fourth quarter.

Negative

Quarterly revenue declined 5% to $23.3 million from $24.6 million, driven by lower-quality subscribers and lower ARPU regions.
Net loss widened to $3.0 million from $1.8 million year over year, with loss per share increasing from $0.07 to $0.12.
Operating cash flow for the quarter fell to $(5.4) million, compared with $2.3 million in the prior-year quarter, partly due to a $2.4 million seasonal impact from annual renewals.
Cash and cash equivalents decreased to $5.3 million at June 30, 2026 from $13.5 million at December 31, 2025, while accumulated deficit increased to $(99.2) million.

Filing Explained

At June 30, the reported share count was higher and year-to-date cash had fallen by $8,268 thousand; the 8-K records results, not a financing.

This 8-K reports completed second-quarter results for the period ended June 30, 2026; its balance sheet reports 20,172,598 Class A shares issued and 20,025,793 outstanding, versus 19,709,325 issued and 19,562,520 outstanding at December 31, 2025.

The higher reported outstanding count changes the capitalization record; if an existing holder's share count did not change, that holder's percentage ownership would be lower.

These figures describe shares already issued and outstanding; this 8-K does not itself report a new offering, a sale of those shares, or proceeds received.

For the six months ended June 30, 2026, operating activities used $3,886 thousand, investing activities used $4,136 thousand, and cash decreased by $8,268 thousand.

The cash-flow figures are historical results through June 30, 2026, while the filing does not disclose a funding commitment associated with them.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Revenue: $23,330 (thousand) Q2 2026 Gross Margin: 85.3% Q2 2026 Net Loss: $(3,239) (thousand) +5 more

8 metrics

Q2 2026 Revenue $23,330 (thousand) Quarter ended June 30, 2026; 5% decrease from $24,632 (thousand) in Q2 2025

Q2 2026 Gross Margin 85.3% Gross profit of $19,909 (thousand) on $23,330 (thousand) revenue; 86.7% in Q2 2025

Q2 2026 Net Loss $(3,239) (thousand) Net loss for the quarter ended June 30, 2026; $(2,047) (thousand) in Q2 2025

Loss per Share Q2 2026 $(0.12) Basic and diluted loss per share attributable to common shareholders in Q2 2026; $(0.07) in Q2 2025

Operating Cash Flow Q2 2026 $(5,379) (thousand) Net cash used in operating activities for the three months ended June 30, 2026; $2,284 (thousand) provided in 2025

Cash Balance $5,272 (thousand) Cash and cash equivalents as of June 30, 2026; $13,540 (thousand) at December 31, 2025

Deferred Revenue $18,094 (thousand) Deferred revenue as of June 30, 2026; $18,502 (thousand) at December 31, 2025

Total Assets $147,691 (thousand) Total assets on the condensed consolidated balance sheet at June 30, 2026

Key Terms

deferred revenue, noncontrolling interests, operating cash flow, accumulated deficit, +1 more

5 terms

deferred revenue financial

"Deferred revenue | | | 18,094 | | | | 18,502 |"

Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.

noncontrolling interests financial

"Noncontrolling interests | | | 13,780 | | | | 14,181 |"

The portion of a subsidiary’s equity and profits that belongs to outside owners rather than the parent company; when a parent reports consolidated results it includes the whole subsidiary but shows the noncontrolling slice separately. Think of a company’s subsidiary as a pie where the parent owns most slices but some are held by other investors — noncontrolling interests tell you how much of the pie and its future earnings don’t belong to the parent, which affects how much profit and net assets are truly attributable to the parent’s shareholders.

operating cash flow financial

"brought our operating cash flow for the second quarter to $(5.4) million."

Operating cash flow is the amount of money a company earns from its main business activities, like selling products or services. It shows how well the company can generate cash to pay bills, invest in growth, or return money to shareholders. This figure helps investors understand if the company’s core operations are healthy and sustainable.

accumulated deficit financial

"Accumulated deficit | | | (99,206 | ) | | | (94,922 | )"

Accumulated deficit is the running total of a company’s past net losses minus any profits, showing how much the business has eaten into its own funds over time—think of it like a bank account that’s been overdrawn by repeated shortfalls. It matters to investors because a large accumulated deficit reduces the cushion that protects owners and creditors, can limit dividends or borrowing, and signals how much funding the company may need to reach profitability.

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of the federal securities laws."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Earnings Snapshot

Revenue Q2 2026: $23,330 (thousand) · Guidance included

Quarter and six months ended June 30, 2026

Revenue Q2 2026 $23,330 (thousand) Decreased 5% from $24,632 (thousand) in Q2 2025

Net Loss Q2 2026 $(3,239) (thousand) Widened from $(2,047) (thousand) in Q2 2025

Operating Cash Flow Q2 2026 $(5,379) (thousand) Down from $2,284 (thousand) provided in Q2 2025; includes $2.4M seasonal renewal impact

Cash and Cash Equivalents $5,272 (thousand) at June 30, 2026 Down from $13,540 (thousand) at December 31, 2025

Guidance

Management stated a focus on returning to positive free cash flow in the fourth quarter.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Available on EDGAR 08/10/2026 - 04:06 PM Accepted by SEC EDGAR 08/10/2026 - 04:05 PM

FAQ

How did GAIA’s revenue perform in the second quarter of 2026?

Gaia reported Q2 2026 revenue of $23.3 million, down 5% from $24.6 million in Q2 2025. The decline reflects fewer lower-quality subscribers, lower ARPU regions, and a shift toward higher-ARPU, direct member acquisition.

What was GAIA’s operating cash flow and cash position as of June 30, 2026?

Operating cash flow for Q2 2026 was $(5.4) million, versus $2.284 million a year earlier. Gaia ended June 30, 2026 with $5.3 million in cash and cash equivalents and a fully available $10 million line of credit.

How did GAIA’s margins and efficiency metrics trend in Q2 2026?

Gross margin was 85.3% in Q2 2026, compared with 86.7% in Q2 2025, mainly due to lower revenue on similar content costs. Annualized gross profit per employee rose to $819,000, suggesting improved efficiency per employee.

What strategic priorities did GAIA’s management highlight for 2026?

Management emphasized prioritizing higher-quality, higher-ARPU direct members over near-term revenue, disciplined discounting, and new AI-powered engagement features. They stated a focus on returning to positive free cash flow in the fourth quarter of 2026.

What are GAIA’s key balance sheet figures as of June 30, 2026?

Total assets were $147.7 million, total liabilities were $49.6 million, and total equity was $98.1 million at June 30, 2026. Deferred revenue stood at $18.1 million, and long-term debt totaled about $5.6 million including current portion.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported): August 10, 2026

    

GAIA, INC.

(Exact name of Registrant as Specified in Its Charter)


Colorado	000-27517	84-1113527
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

833 West South Boulder Road
Louisville, Colorado		80027
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: (303) 222-3600

    

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock	GAIA	Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 10, 2026, Gaia, Inc. (the “Company”) issued a press release announcing results for its quarter ended June 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report.

In accordance with General Instruction B.2 of Form 8-K, the information contained in this Item 2.02 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.	Description

99.1	Press Release issued by Gaia, Inc. on August 10, 2026.
104	Cover Page Interactive Data File (formatted as inline XBRL).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			GAIA, INC.

Date:	August 10, 2026	By:	/s/ Ned Preston
			Ned Preston, Chief Financial Officer

Exhibit 99.1

Gaia Reports Second Quarter 2026 Financial Results

BOULDER, CO – August 10, 2026 - Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, reported financial results for the second quarter ended June 30, 2026.

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 Kiersten Medvedich, Chief Executive Officer of Gaia. “While that transition, combined with increased advertising costs, pressured our top line, we've moved quickly to bring costs back in line. At the same time, we're seeing real traction in new content initiatives that drive daily engagement, from our new AI powered features. We remain confident in this strategy and are focused on returning to positive free cash flow in the fourth quarter.”

Gaia CFO, Ned Preston, stated: “The seasonality of our annual member renewals impacted our cash inflows by $2.4 million. This, together with lower revenue and higher marketing costs, brought our operating cash flow for the second quarter to $(5.4) million.”

Second Quarter 2026 Financial Results

Revenue decreased 5% to $23.3 million, compared to $24.6 million in the second quarter of 2025, due to lower revenue from lower quality subscribers and lower ARPU regions. The decrease also reflects the impact of the company’s shift in its marketing strategy, which includes a disciplined approach to discounting and a movement towards direct and higher ARPU member acquisition.

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 $(3.0) million, or $(0.12) per share, versus $(1.8) million or $(0.07) per share, in the second quarter of 2025.

Gaia’s cash balance as of June 30, 2026, was $5.3million, with a fully available $10 million line of credit.

Conference Call

Date: Monday, August 10, 2026

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: 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 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 August 24, 2026.

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 December 31, 2025. 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.

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