GAIA, INC GAIA
Gaia, Inc. ("Gaia," "we," "us," "our" or the "Company") operates a global digital video subscription service and community that strives to connect a unique and underserved member base. Our digital content library includes over 10,000 titles and live events, with a growing selection of titles available in Spanish, German and French. Our members have unlimited access to this vast library of inspiring films, cutting edge documentaries, interviews, yoga classes, live events, transformation-related content and more – 90% of which is exclusively available to our members for digital streaming on most internet-connected devices anytime, anywhere, commercial free.
Our mission is to create a transformational network that empowers a global conscious community. Content on our network is currently organized into four primary channels— Yoga, Transformation, Alternative Healing, and Seeking Truth— and delivered directly to our members through our streaming platform. We curate programming for these channels by producing original content on our lifestyle campus with a staff of media professionals. This original and owned content currently comprises over 75% of our members' viewing time. We complement our original and owned content through long-term licensing agreements. Over 98% of our titles are available worldwide.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99.0M | $89.3M | $80.4M | $82.0M | $79.6M | $66.8M | $54.0M | $42.0M | $28.3M | $17.2M |
| Cost of revenue | $12.8M | $12.4M | $11.6M | $10.9M | $10.5M | $8.7M | $7.1M | $5.4M | $3.9M | $2.8M |
| Gross profit | $86.2M | $76.9M | $68.8M | $71.1M | $69.0M | $58.2M | $46.9M | $36.6M | $24.4M | $14.4M |
| SG&A | $9.4M | $7.8M | $6.2M | $7.2M | $6.1M | $5.9M | $5.8M | $5.9M | $5.5M | $6.0M |
| Total operating expenses | $91.3M | $82.6M | $73.4M | $71.4M | $67.1M | $62.8M | $64.1M | $73.1M | $49.5M | $31.0M |
| Operating income | -$5.1M | -$5.7M | -$4.6M | -$265.0K | $2.0M | -$4.6M | -$17.2M | -$36.4M | -$25.1M | -$16.6M |
| Pre-tax income | -$5.1M | -$5.2M | -$5.5M | -$3.0M | $1.7M | $699.0K | -$17.8M | -$36.1M | -$24.6M | -$16.9M |
| Income tax | $192.0K | $34.0K | $60.0K | $202.0K | $2.0M | $180.0K | $45.0K | $1.9M | $925.0K | $6.1M |
| Net income | -$4.5M | -$5.2M | -$5.6M | -$3.6M | $3.7M | $519.0K | -$18.1M | -$33.8M | -$23.3M | $87.1M |
| EPS, basic | -0.18 | -0.22 | -0.27 | -0.19 | 0.19 | 0.03 | -1.00 | — | — | — |
| EPS, diluted | -0.18 | -0.22 | -0.27 | -0.19 | 0.19 | 0.03 | -1.00 | -1.96 | -1.54 | 4.39 |
| Shares, diluted (wtd. avg.) | $24.9M | $23.3M | $21.5M | $20.7M | $19.8M | $19.3M | $18.2M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $13.5M | $5.9M | $7.8M | $11.6M | $10.3M | $12.6M | $11.5M | $30.0M | $32.8M | $54.0M |
| Receivables | $5.4M | $5.6M | $4.1M | $3.0M | $2.7M | $2.0M | $2.3M | $1.3M | $1.1M | $554.0K |
| Total current assets | $22.5M | $15.7M | $16.1M | $17.2M | $15.0M | $16.4M | $16.2M | $34.5M | $36.9M | $55.9M |
| Property, plant and equipment | $27.0M | $26.9M | $26.3M | $25.2M | $50.6M | $39.2M | $36.9M | — | — | — |
| Goodwill | $34.0M | $31.9M | $31.9M | $31.9M | $28.9M | $17.3M | $17.3M | $10.6M | $10.6M | $10.6M |
| Other intangibles | $14.7M | $15.6M | $1.1M | $1.7M | $2.3M | — | — | — | — | — |
| Total assets | $154.6M | $141.2M | $130.3M | $128.5M | $130.0M | $110.0M | $106.2M | $107.2M | $97.0M | $107.2M |
| Accounts payable | $15.2M | $12.4M | $12.0M | $7.4M | $9.1M | $4.8M | $6.6M | $5.3M | $2.3M | $2.1M |
| Short-term debt | $227.0K | $5.8M | $155.0K | $149.0K | $860.0K | $138.0K | — | — | — | — |
| Total current liabilities | $38.0M | $41.8M | $31.4M | $27.4M | $29.8M | $21.3M | $18.6M | $13.0M | $7.7M | $9.1M |
| Long-term debt | $5.5M | $0 | $5.8M | $15.0M | $6.1M | $6.2M | $18.4M | $12.5M | — | — |
| Total liabilities | $52.5M | $47.2M | $43.5M | $49.3M | $43.5M | $35.8M | $37.3M | $25.7M | $20.8M | — |
| Retained earnings | -$94.9M | -$90.4M | -$85.2M | -$75.7M | -$75.6M | -$75.8M | -$76.4M | -$58.2M | -$24.4M | -$969.0K |
| Total equity | $87.9M | $80.7M | $86.8M | $85.9M | $87.3M | $74.2M | $68.9M | $81.5M | $76.2M | $97.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.7M | $6.9M | $5.9M | $1.7M | $20.9M | $11.7M | -$2.6M | -$21.4M | -$20.8M | -$15.4M |
| Depreciation and amortisation | $6.6M | $7.4M | $7.3M | — | — | — | — | — | — | — |
| Stock-based compensation | — | — | — | — | — | — | — | — | $1.8M | $674.0K |
| Capital expenditure | $6.1M | $5.0M | $5.3M | $8.4M | $17.3M | $13.3M | $18.7M | $18.9M | $12.5M | $6.6M |
| Investing cash flow | -$10.0M | -$15.0M | -$5.3M | -$9.3M | -$23.9M | -$176.0K | -$20.3M | -$18.9M | -$13.0M | $145.2M |
| Financing cash flow | $12.1M | $6.2M | -$4.4M | $8.9M | $655.0K | -$10.4M | $4.4M | $37.4M | $12.6M | -$77.1M |
| Buybacks | — | — | $169.0K | — | — | — | — | — | — | $76.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-096522.
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