GAIA, INC SEC 10-Q Report

GAIA, INC, a global digital video subscription service provider, has released its Form 10-Q report for the third quarter of 2025. The report highlights the company's financial performance and operational achievements, showcasing growth in revenue and strategic expansions in its content library and geographical reach.

Financial Highlights

Revenues, net: GAIA, INC reported net revenues of $24.984 million for the three months ended September 30, 2025, marking a 14% increase compared to $22.028 million for the same period in 2024. This growth was driven by improvements in Average Revenue Per User (ARPU) and an increase in member count.

Gross profit: The company achieved a gross profit of $21.574 million for the three months ended September 30, 2025, compared to $18.957 million for the same period in 2024. The gross profit margin improved slightly to 86.4%, up from 86.1% in the prior year period.

Loss from operations: GAIA, INC reported a loss from operations of $(1.241) million for the three months ended September 30, 2025, compared to $(1.162) million for the same period in 2024. The increased loss reflects higher marketing expenses.

Net loss: The net loss for the three months ended September 30, 2025, was $(1.294) million, an improvement from $(1.500) million for the same period in 2024. The reduction in net loss was attributed to improvements in ARPU.

Net loss attributable to common shareholders: The net loss attributable to common shareholders was $(1.153) million for the three months ended September 30, 2025, compared to $(1.192) million for the same period in 2024.

Basic and diluted loss per share: Both basic and diluted loss per share remained consistent at $(0.05) for the three months ended September 30, 2025, unchanged from the same period in 2024.

Business Highlights

Revenue Segments: GAIA, INC operates a global digital video subscription service with content organized into four primary channels—Yoga, Transformation, Alternative Healing, and Seeking Truth. The company produces and owns approximately 75% of the content viewed by its members, with the remainder sourced through long-term licensing agreements.

Geographical Performance: The company has a diverse member base in the United States and over 185 foreign countries. For the nine months ended September 30, 2025, the U.S. generated $42.8 million in revenue, while international markets contributed $30.6 million.

Content Library Expansion: GAIA's digital content library includes over 10,000 titles, with a growing selection available in Spanish, German, and French. The company continues to expand its content offerings to cater to a unique and underserved member base.

Operational Strategy: GAIA's core strategy focuses on growing its subscription business both domestically and internationally by expanding its unique and exclusive content library, enhancing its user interface, and extending its streaming service to new internet-connected devices.

Future Outlook: GAIA plans to continue generating positive cash flows from operations and expects to fund its content and capital expenditures for the remainder of 2025, estimated between $4.0 million to $6.0 million, through cash flows generated from operations. These expenditures will primarily be used to expand the content library and enhance digital platform capabilities.

SEC Filing: GAIA, INC [ GAIA ] - 10-Q - Nov. 04, 2025