Gaia Q3 revenue falls 12% to $22.0 million; net loss widens to $3.0 million
Gaia reported third-quarter 2026 results on November 2, 2026, with revenue down 12% from a year earlier as the company reduced acquisition of lower-ARPU members and focused on direct subscribers. The net loss attributable to common shareholders widened to $3.0 million, or $0.12 per share, from $1.2 million, or $0.05 per share, a year earlier, so shareholders face a larger loss on a smaller revenue base.
Key points
- Revenue fell to $22.0 million from $25.0 million in the third quarter of 2025.
- Net loss attributable to common shareholders was $3.0 million, or $0.12 per share, versus $1.2 million, or $0.05 per share, a year earlier.
- Gross margin was 85.2%, compared with 86.4% a year ago.
- Cash was $7.1 million as of September 30, 2026; management expects to return to positive free cash flow in the fourth quarter.
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 November 02, 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.