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Gaia (GAIA) investor relations material
Gaia Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 14% year-over-year to $25.0 million in Q3 2025, driven by higher ARPU, RPO, and member growth.
Gross margin improved to 86.4%, up from 86.1% in Q3 2024.
Member count reached 883,000, with two-thirds of direct members retained for over a year.
Proprietary AI Guide launched in beta, increasing engagement and repeat usage.
Igniton subsidiary valued at $106 million, with Gaia's two-thirds stake worth $71 million.
Financial highlights
Gross profit increased 14% to $21.6 million; gross margin at 86.4%.
Net loss was $(1.2) million, or $(0.05) per share, unchanged from Q3 2024.
Free cash flow for Q3 2025 was $0.9 million, marking the seventh consecutive positive quarter.
Cash and cash equivalents rose to $14.2 million as of September 30, 2025.
Cash flows from operations for the nine months ended September 30, 2025, were $3.9 million.
Outlook and guidance
Annual revenue growth rate expected in the low double digits for 2025 and similar for 2026.
Planned content and capital expenditures for the rest of 2025 are $4.0–$6.0 million, funded by operating cash flows.
Content spend to increase by 23% year-over-year, with a rough estimate of $15 million for pure content investment.
Igniton expected to reach a $3 million annual run rate in 2026.
Management emphasizes disciplined financial approach and long-term growth focus.
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