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Gaia (GAIA) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Gaia (GAIA) Q3 2026 earnings results →

Q3 2026 Revenue down 12% year over year to $22.0M · 14¢ of every $1 of revenue lost · operating margin -13.4%

Gaia made $22.0M in Q3 2026 (-12% Y/Y). Operating margin -13.4%, net loss $3.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.

Revenue$22.0M
Year over year-12%
Operating margin-13.4%
Net earnings−$3.1M
Operating cash flow−$4.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $22.0M in Q3 2026, down 12% year over year and down 6% from the previous quarter.

Gross margin was 85.2%, down 1.2 points from Q3 2025. Operating costs exceeded revenue by $3.0M, an operating margin of -13.4%. Operating expenses fell 5% while revenue fell 12%. The quarter ended with a net loss of $3.1M, narrower than the previous quarter's $3.2M loss. Minority interests bore $96K of it: to shareholders the quarter was a loss of $3.0M.

Operating cash flow was −$4.1M. Non-cash charges added back $2.0M of depreciation and amortization and $300K of share-based compensation. Working capital and other items used $3.2M. Capital expenditures of $2.0M exceeded it, leaving free cash flow of −$6.1M.

Quarterly history

Gaia revenue by quarterGaia revenue by quarter$23.8MQ1 2025$24.6MQ2 2025$25.0MQ3 2025$25.5MQ4 2025$24.3MQ1 2026$23.3MQ2 2026$22.0MQ3 2026
Gaia net earnings by quarterGaia net earnings by quarter−$1.2MQ1 2025−$2.0MQ2 2025−$1.3MQ3 2025−$828KQ4 2025−$1.4MQ1 2026−$3.2MQ2 2026−$3.1MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 2, 2026$22.0M-12%-13.4%−$3.1M−$4.1M
Q2 202610-QAug 10, 2026$23.3M-5%-13.8%−$3.2M−$5.4M
Q1 202610-QMay 4, 2026$24.3M+2%-5.9%−$1.4M$1.5M
Q4 202510-KMar 6, 2026$25.5M+6%-2.6%−$828K$1.8M
Q3 202510-QNov 4, 2025$25.0M+13%-5.0%−$1.3M$326K
Q2 202510-QAug 11, 2025$24.6M+13%-8.9%−$2.0M$2.3M
Q1 202510-QMay 12, 2025$23.8M+12%-4.3%−$1.2M$1.3M

Charts

Gaia: revenue growth, year over year and quarter over quarterGaia: revenue growth, year over year and quarter over quarterY/YQ/Q+12%Q1 2025+13%+3%Q2 2025+13%+1%Q3 2025+6%+2%Q4 2025+2%-5%Q1 2026-5%-4%Q2 2026-12%-6%Q3 2026
Latest (Q3 2026): Y/Y -12%, Q/Q -6%.
Gaia: where the cash came from (+) and went (−), TTM to Q3 2026Gaia: where the cash came from (+) and went (−), TTM to Q3 2026Other financing$17.5MNet borrowing (+) / repaid (−)−$8.0MCapital spending−$7.8MCash drawn (+) / kept (−)$7.1MOperating cash flow−$6.2MOther investing−$2.5M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Gaia: profit against cash, quarter by quarterGaia: profit against cash, quarter by quarterNet incomeOperating cash flow−$764K$2.7MQ4 2024−$1.2M$1.3MQ1 2025−$2.0M$2.3MQ2 2025−$1.3M$326KQ3 2025−$828K$1.8MQ4 2025−$1.4M$1.5MQ1 2026−$3.2M−$5.4MQ2 2026−$3.1M−$4.1MQ3 2026
Latest (Q3 2026): Net income −$3.1M, Operating cash flow −$4.1M.
Gaia: diluted shares by fiscal yearGaia: diluted shares by fiscal year19MFY202020MFY202121MFY202222MFY202323MFY202425MFY2025
+28.7% since FY2020: more shares outstanding (issuance, stock pay).
Gaia: long-term debt falling due (FY2025)Gaia: long-term debt falling due (FY2025)$227K2026$227K2027$227K2028$227K2029$4.8MLater
Cash $13.5M, short-term investments —, long-term debt — at 2025-12-31.
Gaia in its industry: growth against margin (8 companies, SIC 7812)Gaia in its industry: growth against margin (8 companies, SIC 7812)revenue growth, year over year →↑ operating marginmedian +22%median -7%FUBOLIONSTRZANGXCURITOONCPLXGAIA (-12%, -13%)
Services-Motion Picture & Video Tape Production; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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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 .

In its own words, from its 8-K, filed Aug 10, 2026.

Gaia against its Services-Motion Picture & Video Tape Production peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -12% against the peers' median +22%. Operating margin: -13.4% against the peers' median -6.6%.

CompanyQuarterRevenueY/YOp. margin
GAIA GaiaQ3 2026$22.0M-12%-13.4%
FUBO FuboTVQ3 FY26$1.5B+290%-1.8%
LION Lionsgate StudiosQ2 FY27$669M+41%4.4%
STRZ Starz EntertainmentQ3 2026$322M+0.5%-6.6%
ANGX Angel StudiosQ2 2026$112M+28%-16.6%
CURI CuriosityStreamQ2 2026$23.2M+22%39.5%
TOON Kartoon StudiosQ2 2026$5.8M-43%-58.6%
CPLX CertiplexQ2 2026$26K-35%-71.3%

Source: Gaia 10-Q on SEC EDGAR · CIK 1089872 · Services-Motion Picture & Video Tape Production

Guidance and outlook

Gaia: what its forward-looking statements are about (10-Q filed 2026-11-02)Gaia: what its forward-looking statements are about (10-Q filed 2026-11-02)Other3Capital spending1Deals1
5 statements; tone +0.40 (−1 all cautious, +1 all confident); 1 hedged.
Gaia: outlook statements against the filing beforeGaia: outlook statements against the filing beforeConfident2

13F: who owns GAIA and who is buying

Largest holders of GAIA (13F)Largest holders of GAIA (13F)Nantahala Capital Management, LLC$3.8MVanguard Group$3.1MAmeriprise Financial$2.2MS Squared Technology, LLC$1.5MVanguard Capital Management LLC$1.3MPeapod Lane Capital LLC$792KDimensional Fund Advisors LP$728KBlackRock$704KMillennium Management LLC$526KRBF Capital, LLC$470K
Funds' net buying of GAIA by quarter (13F)Funds' net buying of GAIA by quarter (13F)−$4.9M2024-09−$2.4M2024-12$1.4M2025-03$3.9M2025-06$674K2025-09$375K2025-12−$432K2026-03$846K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GAIA

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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