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Gaia, Inc (GAIA) stock

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NASDAQ: GAIA Nasdaq Movies & Entertainment Next results ~January 25, 2027

C Fundamentals grade

Gaia, Inc is a US-listed company in the movies & entertainment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$1.0

Revenue-to-maturity cash-flow model

Base case. Range ~$1.0–$1.6 across our lower- and higher-growth cases (0%–5% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Gaia, Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 0 selling32 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds31 adding, 38 cuttingOf 12 active managers that changed their stake, 8 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Gaia files

10-Q filed November 2: Gaia

Model value −45.1%

Gaia's revenue slipped to $95m over the twelve months to September 2026, a 2.4% decline on the prior year and a reversal from the 3.7% growth posted a quarter earlier. Among the 25 movies & entertainment companies we cover, that leaves the firm ranked 22nd for growth. Profitability also weakened: free-cash-flow margin dropped to -14.7%, down from 1.1% a year earlier, while the operating margin narrowed to -8.7% from -6.3%. Shareholders face further dilution too, with the diluted share count up 2.2% year on year. Taken together, these shifts have pulled our model value down from $1.75 to $0.96 a share, now well below the current share price of $1.46.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Gaia stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $98m, up 3.7% on a year earlier, slower than the 8.3% growth a quarter earlier. That puts it 15 of 17 for growth among the movies & entertainment companies we cover. Free-cash-flow margin fell to -9.7% from 1.9% a year earlier. The diluted share count is up 4.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 6 financial-health checks. Our revenue-to-maturity cash-flow model value is $1.75 a share, against a share price of $1.45.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

Gaia, Inc's trailing-twelve-month revenue fell 2.4% year on year, with a free-cash-flow margin of -14.7%. Where it stands out: gross margin of 86.1% ranks 1 of 10 movies & entertainment companies we cover. Where it lags: revenue growth of -2.4% ranks 22 of 25 movies & entertainment companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -2.4% (-6.2pp vs the prior quarter), the 4th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Gaia, Inc's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 2.4% over the last 12 months.
  • Growth slowing. The growth rate is 6.2 points lower than a quarter earlier.
  • Loss-making. Operating margin is -8.7%: costs exceed revenue.
  • Burning cash. Free cash flow was -14.7% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 2.2% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 71% and a beta of 1.1 against the S&P 500.

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
-$0.12 against an average estimate of -$0.13: beat by 4.0%
Revenue
$22m, down 11.8% on a year earlier
Next report
November 2, 2026; average EPS estimate -$0.11

Gaia's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day0.0%
  • 1 week+13.3%
  • 1 month+4.3%
  • This year-60.1%
  • 1 year-70.9%
  • 5 years-86.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$95.2M
Operating margin
-8.7%
Net margin
-8.2%
EPS (TTM, diluted)
$-0.31

Growth

Revenue growth
−2.4%
Change in growth rate
−6.2 pts
Share count change
+2.2%

Cash

Free cash flow (TTM)
-$14M
FCF margin
-14.7%
Stock pay % of revenue
1.6%

Earnings

Last results
November 2, 2026
Next results (est.)
January 25, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Gaia, Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Gaia, Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.84 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$1.0 ~$1.0–$1.6 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$3.2 ~$2.3–$14 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$1.4 ~$1.0–$3.2 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Gaia, Inc with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$6.24$8.65$12.40$10.36$7.99$9.88$8.57$2.38$2.70$4.49$3.63$1.45
Market value$154m$172m$188m$179m$145m$191m$170m$49m$58m$105m$90m$36m
+ Net debt (− = net cash)−$1m−$54m−$20m−$17m$7m−$6m−$4m$10m−$2m−$59000−$8m$123000
Enterprise value$152m$118m$168m$161m$152m$185m$166m$59m$56m$105m$82m$36m
Multiples
Price / sales 11.4x10.0x6.6x4.3x2.7x2.9x2.1x0.6x0.7x1.2x0.9x0.4x
Price / earnings —2.0x———n/m45.6x—————
Price / free cash flow 125.8x—————48.2x—97.4x54.0x——
EV / EBITDA —————24.9x11.0x8.0x17.2x36.6x27.9x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

38 /100

Weak moat

How hard Gaia's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -4.0% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 86.3%, moving by 0.6 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -7.5%; its worst year was -98.9%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 3 of 10 years, at a median -5.1% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 26.6% over five years; stock-based pay has been a median 2.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (43 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.42 — $91m −8%
Next −$0.39 +8% $91m +0%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +40.0% on 90 days ago. In the last 30 days, 0 analysts raised Gaia, Inc's forecast and 1 cut it.

Consensus EPS forecast Gaia, Inc, last 90 days
−$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.30 Current fiscal year, 60 days ago: −$0.30 Current fiscal year, 30 days ago: −$0.30 Current fiscal year, 7 days ago: −$0.30 Current fiscal year, Now: −$0.42 −$0.42 Next fiscal year, 90 days ago: −$0.09 Next fiscal year, 60 days ago: −$0.09 Next fiscal year, 30 days ago: −$0.09 Next fiscal year, 7 days ago: −$0.09 Next fiscal year, Now: −$0.39 −$0.39

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.30−$0.09
60 days ago −$0.30−$0.09
30 days ago −$0.30−$0.09
7 days ago −$0.30−$0.09
Now −$0.42−$0.39

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 −$0.13 −$0.12 +4.0%
Jun 2026 −$0.13 −$0.12 +4.0%
Mar 2026 −$0.08 −$0.05 +37.5%
Dec 2025 −$0.01 −$0.04 −334.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 10, 2026

No numeric guidance in Gaia, Inc's latest earnings release (filed August 10, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

3 analysts, Nov 2026
Buy3100%
Hold00%
Sell00%

Monthly trend

  1. Nov 202633

Counts of recommendations published by analysts covering Gaia, Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.6%
of tradable shares
Days to cover
3.56
at average volume
Short interest, 1 month
+110%
to October 15, 2026
Held by institutions
46%
of shares
Held by insiders
14.4%
of shares
Employees
112
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −70.9%

$4.99 on October 31, 2025 to $1.45

ThenNowEffect
Revenue (last 12 months) $95m $98m +3.7%
P/S multiple 1.3x 0.4x −70.9%
Share count 24m 25m −3.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −44.0%

$2.59 on November 3, 2023 to $1.45

ThenNowEffect
Revenue (last 12 months) $79m $98m +24.3%
P/S multiple 0.7x 0.4x −45.7%
Share count 21m 25m −17.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GAIA−13%−72%+13%+66%−19%−60%
Industry peers (median)−3%−42%+4%+24%+6%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GAIA50%25%50%67%33%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GAIA−45%−77%−44%−32%−48%−69%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 95% from June 25, 2018 to August 12, 2026. Getting back needed a 1747% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.21 – $5.05
From 52-week high
−71.3%
vs 50-day average
+3.4%
vs 200-day average
−37.4%
Volatility (1 year)
71%
Beta vs S&P 500
1.13

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 9 down
typical move ±12.8%
After a week
3 up, 8 down
typical move ±13.9%
After a month
3 up, 8 down
typical move ±21.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 −35.1% −0.3% −20.9% −22.0%
May 4, 2026 −21.5% +0.4% −28.5% −30.7%
March 2, 2026 −6.2% −0.8% −2.9% −18.3%
November 3, 2025 −7.6% −1.0% −13.0% −34.3%
August 11, 2025 +23.2% +0.9% +28.3% +41.2%
May 12, 2025 −19.0% +4.0% −16.9% −5.5%
March 10, 2025 −2.0% −3.5% +1.2% −24.4%
February 24, 2025 −1.1% −1.0% −6.8% −14.0%
February 5, 2025 −10.9% +0.8% −10.7% −26.9%
November 4, 2024 +10.2% +1.0% +12.2% +12.6%
August 5, 2024 −3.5% −2.0% −11.5% +8.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Gaia, Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Gaia, Inc
$80M $85M $90M $95M $100M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $80.4M Revenue (TTM), FY24 Q1: $82.1M Revenue (TTM), FY24 Q2: $84.1M Revenue (TTM), FY24 Q3: $85.9M Revenue (TTM), FY24 Q4: $89.3M Revenue (TTM), FY25 Q1: $91.8M Revenue (TTM), FY25 Q2: $94.6M Revenue (TTM), FY25 Q3: $97.6M Revenue (TTM), FY25 Q4: $99M Revenue (TTM), FY26 Q1: $99.4M Revenue (TTM), FY26 Q2: $98.1M Revenue (TTM), FY26 Q3: $95.2M $95.2M

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $80.4M
FY24 Q1 $82.1M
FY24 Q2 $84.1M
FY24 Q3 $85.9M
FY24 Q4 $89.3M
FY25 Q1 $91.8M
FY25 Q2 $94.6M
FY25 Q3 $97.6M
FY25 Q4 $99M
FY26 Q1 $99.4M
FY26 Q2 $98.1M
FY26 Q3 $95.2M
Revenue growth, TTM YoY Gaia, Inc
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -2.0% Revenue growth, TTM YoY, FY24 Q1: 2.8% Revenue growth, TTM YoY, FY24 Q2: 6.5% Revenue growth, TTM YoY, FY24 Q3: 8.4% Revenue growth, TTM YoY, FY24 Q4: 11.0% Revenue growth, TTM YoY, FY25 Q1: 11.9% Revenue growth, TTM YoY, FY25 Q2: 12.5% Revenue growth, TTM YoY, FY25 Q3: 13.6% Revenue growth, TTM YoY, FY25 Q4: 10.8% Revenue growth, TTM YoY, FY26 Q1: 8.3% Revenue growth, TTM YoY, FY26 Q2: 3.7% Revenue growth, TTM YoY, FY26 Q3: -2.4% -2.4%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -2.0%
FY24 Q1 2.8%
FY24 Q2 6.5%
FY24 Q3 8.4%
FY24 Q4 11.0%
FY25 Q1 11.9%
FY25 Q2 12.5%
FY25 Q3 13.6%
FY25 Q4 10.8%
FY26 Q1 8.3%
FY26 Q2 3.7%
FY26 Q3 -2.4%
Operating margin (TTM) Gaia, Inc
-10% -5% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -5.7% Operating margin (TTM), FY24 Q1: -5.4% Operating margin (TTM), FY24 Q2: -5.7% Operating margin (TTM), FY24 Q3: -6.4% Operating margin (TTM), FY24 Q4: -6.4% Operating margin (TTM), FY25 Q1: -6.4% Operating margin (TTM), FY25 Q2: -6.4% Operating margin (TTM), FY25 Q3: -6.3% Operating margin (TTM), FY25 Q4: -5.2% Operating margin (TTM), FY26 Q1: -5.6% Operating margin (TTM), FY26 Q2: -6.7% Operating margin (TTM), FY26 Q3: -8.7% -8.7%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -5.7%
FY24 Q1 -5.4%
FY24 Q2 -5.7%
FY24 Q3 -6.4%
FY24 Q4 -6.4%
FY25 Q1 -6.4%
FY25 Q2 -6.4%
FY25 Q3 -6.3%
FY25 Q4 -5.2%
FY26 Q1 -5.6%
FY26 Q2 -6.7%
FY26 Q3 -8.7%
FCF margin (TTM) Gaia, Inc
-20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 0.7% FCF margin (TTM), FY24 Q1: 7.5% FCF margin (TTM), FY24 Q2: 3.1% FCF margin (TTM), FY24 Q3: 1.5% FCF margin (TTM), FY24 Q4: 2.2% FCF margin (TTM), FY25 Q1: -2.9% FCF margin (TTM), FY25 Q2: 1.9% FCF margin (TTM), FY25 Q3: 1.1% FCF margin (TTM), FY25 Q4: -0.4% FCF margin (TTM), FY26 Q1: -0.8% FCF margin (TTM), FY26 Q2: -9.7% FCF margin (TTM), FY26 Q3: -14.7% -14.7%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 0.7%
FY24 Q1 7.5%
FY24 Q2 3.1%
FY24 Q3 1.5%
FY24 Q4 2.2%
FY25 Q1 -2.9%
FY25 Q2 1.9%
FY25 Q3 1.1%
FY25 Q4 -0.4%
FY26 Q1 -0.8%
FY26 Q2 -9.7%
FY26 Q3 -14.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 278 274 224 127 155 11 13 17 28 42 54 67 80 82 80 89 99 95
Gross profit 144 136 79 57 65 9 11 14 24 37 47 58 69 71 69 77 86 82
EBITDA 2 9 −29 −8 −19 −8 −5 −13 −20 −29 −8 7 15 7 3 3 3 −1
Operating income −1 6 −31 −10 −22 −11 −9 −17 −25 −36 −17 −5 2 −0 −5 −6 −5 −8
Net income 0 4 −25 −13 −23 −9 −11 87 −23 −34 −18 1 4 −4 −6 −5 −4 −8
Diluted EPS $0.01 $0.18 −$1.08 −$0.57 −$0.98 −$0.41 −$0.48 $4.39 −$1.54 −$1.96 −$1.00 $0.03 $0.19 −$0.19 −$0.27 −$0.22 −$0.18 −$0.31
Growth (year on year)
Revenue — −1.5% −18.4% −43.1% +22.2% −93.1% +25.2% +28.1% +64.0% +48.5% +28.5% +23.8% +19.1% +3.1% −2.0% +11.0% +10.8% −2.4%
EBITDA — — −409.4% — — — — — — — — — +104.1% −51.4% −55.6% −12.3% +3.0% −124.2%
Operating income — — −610.2% — — — — — — — — — — −113.4% — — — —
Net income — — — — — — — — −126.7% — — — — −196.4% — — — —
Diluted EPS — — — — — — — — −135.1% — — — — −200.0% — — — —
Margins
Gross margin 51.7% 49.5% 35.3% 44.4% 42.0% 81.1% 80.7% 83.5% 86.1% 87.3% 86.8% 87.1% 86.8% 86.7% 85.5% 86.1% 87.1% 86.1%
EBITDA margin 0.9% 3.4% −12.8% −6.3% −12.4% −70.3% −40.4% −74.7% −71.5% −70.1% −14.1% 11.1% 19.0% 9.0% 4.1% 3.2% 3.0% −0.6%
Operating margin −0.3% 2.2% −14.0% −8.0% −13.9% −99.7% −64.7% −96.1% −88.9% −86.7% −31.9% −6.9% 2.5% −0.3% −5.7% −6.4% −5.2% −8.7%
Net margin 0.1% 1.6% −11.1% −10.1% −14.6% −83.3% −81.8% 504.8% −82.3% −80.5% −33.6% 0.8% 4.7% −4.4% −7.0% −5.9% −4.5% −8.2%
Free-cash-flow margin 7.4% −5.0% 0.4% 10.0% −17.1% 50.0% 9.1% −127.4% −117.7% −95.8% −39.4% −2.5% 4.4% −8.2% 0.7% 2.2% −0.4% −14.7%
Cash flow
Cash from operations 28 −5 5 16 −23 10 8 −15 −21 −21 −3 12 21 2 6 7 6 −6
Capital spending 8 9 4 4 3 4 6 7 13 19 19 13 17 8 5 5 6 8
Free cash flow 21 −14 1 13 −27 5 1 −22 −33 −40 −21 −2 4 −7 1 2 −0 −14
Stock-based pay 2 2 2 1 1 0 0 1 2 2 2 2 2 2 1 1 2 2
Free cash flow after stock pay 19 −15 −1 12 −27 5 1 −23 −35 −42 −23 −4 2 −9 −0 1 −2 −16
Balance sheet
Cash 48 29 15 10 2 4 1 54 33 30 11 13 10 12 8 6 14 7
Total debt 0 0 0 16 0 — 0 0 13 13 19 6 6 21 6 6 6 7
Net debt (negative = net cash) −48 −29 −15 6 −2 −4 −1 −54 −20 −17 7 −6 −4 10 −2 −0 −8 0
Diluted shares 23m 23m 23m 23m 23m 24m 25m 20m 15m 17m 18m 19m 20m 21m 22m 23m 25m 25m
Returned to shareholders
Dividends 0 7 — 1 — 0 — — — — — — — — — — — —
Buybacks 3 — 2 — — — — 76 — — — — — — 0 — — —
Total returned 3 7 2 1 — 0 — 76 — — — — — — 0 — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · September 30, 2026
What it owns · $150m
Short-term assets $18mLonger-term assets $133m
What it owes, and who funded it · $137m
Short-term liabilities $34mLonger-term liabilities $21mShareholders' equity $82m
  • Short-term assets cover short-term liabilities $18m of assets due within a year against $34m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $18m short-term assets against $21m of longer-dated liabilities.
  • More cash than debt $7m of cash against $6m of debt.
  • Debt below 40% of shareholders' equity Debt is 7% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 7% to 7% over five years.
  • A year's operating cash flow covers at least 20% of debt −$6m of operating cash flow against $6m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From Gaia, Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+2.2%
year over year
Days sales outstanding
24 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in movies & entertainment
Last 12 months unless stated GAIA ANGH LVO CURI NIPG RSVR Median
Revenue, last 12 months $95m $99m $77m $76m $127m $180m $1.1bn
Revenue growth, last 12 months −2.4% 27.2% −23.1% 24.9% 48.4% 11.4% 8.5%
Revenue growth, 3-year average 6.3% — −9.5% 5.6% — 11.5% 7.1%
Revenue growth, latest quarter −11.8% — 0.7% 22.3% — 11.6% 11.3%
Gross margin 86.1% −25.4% 17.9% — −1.2% 64.7% 33.2%
Operating margin −8.7% −88.0% −19.6% −0.3% −196.5% 21.2% 2.5%
Operating margin, 3-year average −7.1% — −15.0% −24.9% — 20.4% −0.6%
Net margin −8.2% −90.1% −25.8% 0.0% −187.7% 4.9% 0.5%
Cash from operations / revenue −6.5% −36.5% −12.4% 7.1% −12.4% 23.7% 9.9%
Free-cash-flow margin −14.7% −36.6% −16.3% 7.1% −12.6% 23.4% 5.3%
Free-cash-flow margin, 3-year average −4.0% — −4.9% 6.1% — 26.9% 6.1%
Stock pay / revenue 1.6% −0.2% 20.8% 20.3% 29.0% 2.8% 1.5%
Change in share count 2.2% 18.0% 7.0% 3.3% 128.6% 0.5% 1.6%

Median of all 25 companies we cover in movies & entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 movies & entertainment companies
Measure Company Peer median Rank
Revenue growth Growth -2.4% 8.5% 22 of 25
Change in growth rate Growth -6.2pp +0.7pp 21 of 25
Gross margin Profitability 86.1% 45.3% 1 of 10
Operating margin Profitability -8.7% 3.0% 18 of 24
Net margin Profitability -8.2% 0.5% 20 of 25
Free-cash-flow margin Cash generation -14.7% 7.1% 21 of 24
Stock pay as % of revenue Cash generation 1.6% 1.5% 15 of 25
Long-term debt as % of assets Balance sheet 3.5% 21.6% 3 of 19
Change in share count Balance sheet 2.2% 1.6% 11 of 19
Days sales outstanding Balance sheet 24 days 35 days 6 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $59.5M 60.1% ▲ 18.4%
Outside the US $39.5M 39.9% ▲ 1.1%

From Gaia, Inc's 10-K filed March 6, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$16.5M
Institutions reporting
62
Shares held vs prior quarter
▼ 7.6%
Positions opened / closed
11 / 20

Top buyers and sellers, Q2 2026: 31 institutions bought and 38 sold ; the biggest buyer was Nantahala Capital Management, LLC (+915K shares) and the biggest seller Awm Investment Company, Inc (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Nantahala Capital Management, LLC $3.8M 1.8M 23.3% ▲ 100.0%
Ameriprise Financial Inc $2.2M 1.0M 13.2% ▲ 11.8%
S Squared Technology, LLC $1.5M 723K 9.2% 0.0%
Peapod Lane Capital LLC $1.3M 641K 8.2% ▲ 1.6%
Vanguard Capital Management LLC $1.3M 633K 8.1% ▲ 1.4%
Dimensional Fund Advisors LP $727,973 347K 4.4% ▼ 18.0%
Blackrock, Inc. $704,043 335K 4.3% ▼ 69.0%
Millennium Management LLC $525,510 250K 3.2% New
Rbf Capital, LLC $470,318 224K 2.9% New
Geode Capital Management, LLC $421,669 201K 2.6% ▼ 54.3%
Jane Street Group, LLC $316,527 151K 1.9% New
P.A.W. Capital Corp $315,000 150K 1.9% 0.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Gaia, Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $318,670 32 trades by 3 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $318,670 net buying
Insider Date Trade Shares Price Value
Sutherland Paul Howard Director September 25, 2026 Buy 2,000 $1.31 $2,620
Sutherland Paul Howard Director September 14, 2026 Buy 11,000 $1.23 $13,530
Sutherland Paul Howard Director September 14, 2026 Buy 100 $1.25 $125
Sutherland Paul Howard Director September 11, 2026 Buy 3,500 $1.37 $4,795
Sutherland Paul Howard Director September 9, 2026 Buy 500 $1.55 $775
Sutherland Paul Howard Director September 2, 2026 Buy 1,000 $1.67 $1,670
Sutherland Paul Howard Director August 21, 2026 Buy 2,500 $1.46 $3,650
Sutherland Paul Howard Director August 20, 2026 Buy 1,580 $1.46 $2,307
Sutherland Paul Howard Director August 17, 2026 Buy 3,420 $1.47 $5,027
Sutherland Paul Howard Director August 14, 2026 Buy 7,500 $1.42 $10,650
Sutherland Paul Howard Director August 13, 2026 Buy 70,750 $1.22 $86,315
Sutherland Paul Howard Director March 18, 2026 Buy 2,000 $3.01 $6,020

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • August 10, 2026
  • May 4, 2026
  • March 2, 2026
  • November 3, 2025
  • August 11, 2025

Recent SEC filings

Data status

When each part of this page on Gaia, Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Gaia, Inc in brief

What does Gaia, Inc do?
Gaia, Inc is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
What is Gaia, Inc's stock ticker?
Gaia, Inc trades under the ticker GAIA on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Gaia, Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Gaia, Inc reported revenue of $95.2M, 2.4% lower than a year earlier, according to its SEC filings.
What is Gaia, Inc's free cash flow?
Gaia, Inc's free-cash-flow margin is -14.7% of revenue over the trailing twelve months, ranking 21 of the 24 movies & entertainment companies we cover.
Who are Gaia, Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Nantahala Capital Management, LLC, Ameriprise Financial Inc and S Squared Technology, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Gaia, Inc's market cap?
On November 2, 2026, Gaia, Inc's market capitalisation was about $36.2M and net debt of $123,000. Market figures come from third-party market data and may be delayed.
How much debt does Gaia, Inc have?
Gaia, Inc's debt-to-equity ratio is 6.7%, from its latest balance sheet (7.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Gaia, Inc's competitors?
In our Movies & Entertainment peer group, the companies closest to Gaia, Inc are Anghami Inc, Liveone, Inc., Curiositystream Inc., NIP Group Inc. and Reservoir Media, Inc. The side-by-side comparison below sets their revenue, margins and growth against Gaia, Inc's.
Are insiders buying or selling Gaia, Inc stock?
Over the last 12 months, Gaia, Inc's directors and officers reported 32 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Gaia, Inc's next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Gaia, Inc announces its own schedule.