Gaia, Inc. filed its quarterly report on Form 10-Q with the SEC on November 2, 2026, covering the three and nine months ended September 30, 2026, disclosing declining revenues and a wider net loss compared with the same periods in 2025.

Key Highlights

  • Q3 2026 revenues: Net revenues were $22,031 thousand for the three months ended September 30, 2026, down from $24,984 thousand in Q3 2025.
  • Nine-month revenues: Net revenues for the nine months ended September 30, 2026 were $69,674 thousand, compared with $73,456 thousand for the same period in 2025.
  • Q3 net loss attributable to common shareholders: The company reported a net loss attributable to common shareholders of $3,018 thousand, or $0.12 per basic and diluted share, versus a loss of $1,153 thousand, or $0.05 per share, in Q3 2025.
  • Nine-month net loss: Net loss attributable to common shareholders for the nine months ended September 30, 2026 was $7,302 thousand, or $0.29 per share, compared with $3,968 thousand, or $0.16 per share, in the prior-year period.
  • Total assets: Total assets were $150,221 thousand as of September 30, 2026, down from $154,649 thousand at December 31, 2025.
  • Accumulated deficit: The accumulated deficit stood at $102,224 thousand as of September 30, 2026, compared with $94,922 thousand at December 31, 2025.
  • Shares outstanding: Class A Common Stock outstanding was 20,025,793 shares and Class B Common Stock outstanding was 5,400,000 shares as of November 2, 2026.

Gaia Inc. Q3 2026 Financial Results: Revenue Decline and Wider Operating Loss

According to the filing, Gaia, Inc. (NASDAQ:GAIA) reported net revenues of $22,031 thousand for the three months ended September 30, 2026, a decrease from $24,984 thousand in the comparable prior-year quarter. For the nine-month period ended September 30, 2026, the company disclosed net revenues of $69,674 thousand, down from $73,456 thousand for the nine months ended September 30, 2025. Gross profit for the third quarter was $18,768 thousand, compared with $21,574 thousand a year earlier.

The company reported a loss from operations of $2,950 thousand for Q3 2026, widening from a loss of $1,241 thousand in Q3 2025. For the nine months ended September 30, 2026, the loss from operations totaled $7,594 thousand, compared with $4,449 thousand for the same period in 2025. Total operating expenses for the third quarter were $21,718 thousand, versus $22,815 thousand in the prior-year period. The filing disclosed that selling and operating expenses were $19,636 thousand for Q3 2026, compared with $20,578 thousand in Q3 2025.

On the balance sheet, the company reported cash and cash equivalents of $7,104 thousand as of September 30, 2026, down from $13,540 thousand at December 31, 2025. A revolving line of credit of $7,000 thousand appeared as a liability net of current portion at September 30, 2026, where no such balance was recorded at December 31, 2025. Total equity declined to $95,225 thousand from $102,130 thousand over the same period. The filing noted that 20,172,598 shares of Class A Common Stock were issued and 20,026,793 shares were outstanding as of September 30, 2026, with 146,805 shares held as treasury stock at cost of $525 thousand.

What Was Disclosed

Gaia, Inc. disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026, showing lower revenues, a wider operating loss, a reduced cash balance, and a higher accumulated deficit relative to the prior year and year-end 2025.