$GAIA

GAIA, INC

CIK:0001089872|SEC Filings

Condensed Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues, net	$ 23,330	$ 24,632	$ 47,643	$ 48,472
Cost of revenues	3,421	3,285	6,828	6,220
Gross profit	19,909	21,347	40,815	42,252
Operating Expenses:
Selling and operating	21,599	20,634	41,600	40,656
Corporate, general and administration	1,526	2,909	3,859	4,806
Total operating expenses	23,125	23,543	45,459	45,462
Loss from operations	(3,216)	(2,196)	(4,644)	(3,210)
Interest and other income, net	(30)	124	(14)	(12)
Loss before income taxes	(3,246)	(2,072)	(4,658)	(3,222)
Income tax (benefit) expense	(7)	1	27	49
Loss from continuing operations	(3,239)	(2,073)	(4,685)	(3,271)
Gain from discontinued operations	0	26	0	5
Net loss	(3,239)	(2,047)	(4,685)	(3,266)
Net loss attributable to noncontrolling interests	(210)	(246)	(401)	(451)
Net loss attributable to common shareholders	$ (3,029)	$ (1,801)	$ (4,284)	$ (2,815)
Basic
Continuing operations (attributable to common shareholders)	$ (0.12)	$ (0.07)	$ (0.17)	$ (0.11)
Discontinued operations	0	0	0	0
Basic loss per share	(0.12)	(0.07)	(0.17)	(0.11)
Diluted
Continuing operations (attributable to common shareholders)	(0.12)	(0.07)	(0.17)	(0.11)
Discontinued operations	0	0	0	0
Diluted loss per share	$ (0.12)	$ (0.07)	$ (0.17)	$ (0.11)
Shares used in computation:
Weighted-average number of shares, basic	24,962	25,022	24,979	24,686
Weighted-average number of shares, diluted	24,962	25,022	24,979	24,686

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net (loss) income	$ (4,685)	$ (3,266)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Media library amortization	5,473	5,194
Depreciation and amortization	3,810	4,217
Non-cash operating lease expense	367	481
Share-based compensation expense	737	836
Equity method investment income	(7)	0
Additions to media library	(5,429)	(5,341)
Changes in operating assets and liabilities:
Accounts receivable	(24)	(157)
Other receivables	0	1,809
Prepaid expenses and other current assets	(550)	(1,232)
Accounts payable	(1,188)	1,060
Accrued and other liabilities	(1,982)	(1,820)
Deferred revenue	(408)	1,801
Net cash (used in) provided by operating activities	(3,886)	3,582
Cash flows from investing activities:
Issuance of short-term note	(230)	0
Repayment of short-term note	230	0
Additions to property and equipment	(4,136)	(2,434)
Net cash used in investing activities	(4,136)	(2,434)
Cash flows from financing activities:
Proceeds from short-term borrowings	7,000	5,000
Repayment of short-term debt	(7,114)	(5,092)
Proceeds from the issuance of common stock	50	7,008
Share repurchase related to Section 16 Officer tax coverage exchange	(182)	0
Net cash (used in) provided by financing activities	(246)	6,916
Net change in cash and cash equivalents	(8,268)	8,064
Cash and cash equivalents, beginning of period	13,540	5,860
Cash and cash equivalents, end of period	5,272	13,924
Supplemental disclosure of cash flow information
Cash paid for interest	256	218
Cash paid for income taxes	201	0
Supplemental schedule of non-cash investing and financing activities
Additions to property and equipment in Accounts payable	$ (804)	$ (184)

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 5,272	$ 13,540
Accounts receivable	5,461	5,437
Prepaid expenses and other current assets	3,892	3,527
Total current assets	14,625	22,504
Media library, net	39,274	39,133
Operating right-of-use asset, net	8,479	8,836
Property and equipment, net	28,608	26,963
Technology license, net	14,339	14,743
Investments and other assets, net	8,384	8,488
Goodwill	33,982	33,982
Total assets	147,691	154,649
Current liabilities:
Accounts payable	14,840	15,224
Accrued and other liabilities	1,703	3,396
Long-term debt, current portion	227	227
Operating lease liability, current portion	644	614
Deferred revenue	18,094	18,502
Total current liabilities	35,508	37,963
Long-term debt, net of current portion (Note 4)	5,338	5,452
Operating lease liability, net of current portion	8,172	8,501
Deferred taxes, net	623	603
Total liabilities	49,641	52,519
Commitments and contingencies (Note 8)
Shareholders equity:
Additional paid-in capital	183,998	183,393
Treasury stock at cost: 146,805 shares as of June 30, 2026 and December 31, 2025, respectively	(525)	(525)
Accumulated deficit	(99,206)	(94,922)
Total Gaia, Inc. shareholders' equity	84,270	87,949
Noncontrolling interests	13,780	14,181
Total equity	98,050	102,130
Total liabilities and equity	147,691	154,649
Class A Common Stock [Member]
Shareholders equity:
Common stock	2	2
Class B Common Stock [Member]
Shareholders equity:
Common stock	$ 1	$ 1