Filing Flows › Gaia (GAIA) › Q1 2026
Gaia (GAIA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
Gaia (GAIA) reported revenue of $24.3M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -5% from the quarter before. Operating margin was -5.9%, net loss $1.4M (5.9% of revenue).
Gaia, Q1 2026: revenue $24.3M (+2% year over year), operating margin -5.9%, net loss $1.4M, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.3M | -5% | +2% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | $1.5M | -15% | +15% |
| Free cash flow | $1.1M | — | +55% |
What changed
Revenue was $24.3M in Q1 2026, up 2% year over year and down 5% from the previous quarter.
Gross margin was 86.0%, down 1.7 points from Q1 2025. Operating costs exceeded revenue by $1.4M, an operating margin of -5.9%. Operating expenses grew 2% against revenue growth of 2%. The fastest-growing cost line was General & admin (+23%). The quarter ended with a net loss of $1.4M, wider than the previous quarter's $828K loss. Minority interests bore $191K of it: to shareholders the quarter was a loss of $1.3M.
Operating cash flow was $1.5M (up 15% year over year). Non-cash charges added back $1.9M of depreciation and amortization and $346K of share-based compensation. Working capital and other items added $713K. After net cash used for capital expenditures, net ($411K), free cash flow as the company reports it was $1.1M.
Questions
What was Gaia's revenue in the first quarter 2026?
Gaia (GAIA) reported revenue of $24.3M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -5% from the quarter before.
Was Gaia profitable in the first quarter 2026?
Operating loss was $1.4M (-5.9% of revenue) and net loss $1.4M.
Source: Gaia 10-Q on SEC EDGAR.