Gaia revenue rises 2% to $24.3 million; net loss widens to $1.3 million
Gaia reported first quarter 2026 revenue of $24.3 million, up 2% from $23.8 million, while gross profit was flat at $20.9 million and the net loss widened to $1.3 million, or $(0.05) per share, from $1.0 million, or $(0.04) per share. Management said it is reducing reliance on lower-value third-party acquisition and tighter discounting, which it expects to moderate near-term revenue growth, and it is targeting a 20% reduction in churn and a 20-25% increase in ARPU for the fourth quarter of 2026 compared with the fourth quarter of 2025.
Key points
- Revenue rose 2% to $24.3 million; the increase was primarily driven by increased ARPU, partly offset by the elimination of discounted pricing.
- Net loss was $(1.3) million, or $(0.05) per share, versus $(1.0) million, or $(0.04) per share, in Q1 2025.
- Operating cash flow was $1.5 million and free cash flow was $1.1 million, the ninth consecutive quarter of positive free cash flow.
- For Q4 2026 versus Q4 2025, Gaia is targeting an approximate 20% reduction in churn and a 20-25% increase in ARPU.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.