Short answer
GAIA, INC (GAIA) filed its fiscal 2025 10-K annual report with the SEC on Mar 6, 2026. It reported revenue of $99M (+9.5% year over year) and net income of −$4M.
- Top risk flagged: Regulatory risk from potential content removal or service ban by government regulators due to controversial or offensive programming, impacting international expansion
FY2025 key financial metrics · XBRL
- Revenue
- $99M
- +9.5% YoY
- Net income
- −$4M
- +16.7% YoY
- Operating margin
- -5.2%
- +1.4 pp YoY
- Gross margin
- 87.1%
- +1.0 pp YoY
- EPS (diluted)
- −$0.18
- +18.2% YoY
- ROE
- -5.1%
- +1.6 pp YoY
- Operating cash flow
- $6M
- −18.0% YoY
Source: XBRL data from the GAIA, INC (GAIA) FY2025 10-K on SEC EDGAR. USD.
GAIA, INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: global digital video subscription service featuring original and exclusive transformational lifestyle content
- New emphasis on Gaia+ premium membership and GaiaSphere live event studio launched, enabling digital live and on-demand access to exclusive events
- Strategic shift: expanded international presence with approx. 40% of members outside U.S., plus multi-language content in Spanish, German, and French
- Employee count 112 full-time, all U.S.-based; heavy reliance on staffing organizations abroad for content production, customer service, and engineering
- Noteworthy integration of generative AI to enhance content offerings, user experience, and improve corporate business process efficiency
Management Discussion & Analysis
- Revenue $99.0M in 2025, up 10.9% YoY from $89.3M in 2024, driven by member growth and higher ARPU
- Gross profit margin 87.1% in 2025 vs 86.1% in 2024; loss from operations improved to (5.2)% of revenue vs (6.4)%
- Largest expense segment selling & operating $81.9M (82.7% of revenue), up 9.5% YoY; corporate expenses rose 20.5% to $9.4M (9.5% of revenue)
- Net loss essentially flat at $(5.4)M in 2025 vs $(5.4)M in 2024; net loss attributable to common shareholders improved to $(4.5)M vs $(5.2)M
- No cash flow or capital allocation detailed; management highlights content library expansion, international growth, and subscriber acquisition; key risks include competition and economic conditions
Risk Factors
- Regulatory risk from potential content removal or service ban by government regulators due to controversial or offensive programming, impacting international expansion
- Macroeconomic impact from inflation reducing member acquisition and retention, with reliance on word-of-mouth growth vulnerable to economic pressure
- Operational risk from dependence on third-party partners for streaming apps, with contracts 1-3 years and risk of nonrenewal or unfavorable terms
- Market disruption risk from competitors leveraging advanced generative AI technology for streaming content, possibly lowering Gaia’s market share and revenue
- Financial risk tied to net losses of $(4.5) million in 2025 and prior years, threatening ability to meet debt service, working capital, and investment needs
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