---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-015659"
form_type: "8-K"
ticker: "GAIA"
cik: "0001089872"
company_name: "GAIA, INC"
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T06:57:38.944906+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Gaia restates 2022-2023 financials; Q4 revenue $20.7M, net loss $(1.8)M

## Summary
- 2022 and Q1–Q3 2023 financials restated due to errors in cash flow (media library, line of credit), equity method (Telomeron), and noncontrolling interest (BioWell).
- Q4 2023 revenue $20.7M (+6% YoY); net loss $(1.8)M or $(0.08)/share.
- Operating cash flow improved $2.1M in Q4; free cash flow positive $1.0M vs. negative $(0.7M) last year.
- Member count 806k (up from 759k); targeting 838k by Q1 2024 and 15% revenue growth in 2024.
- Company expects at least one material weakness in internal controls; prior audit report not to be relied upon.

## SEC filing metadata
- accession: 0001140361-24-015659
- form_type: 8-K
- ticker: GAIA
- cik: 0001089872
- company_name: GAIA, INC
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/ef20025364_form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-015659
- JSON: https://secwatch.observer/filing/0001140361-24-015659.json
- Plain text: https://secwatch.observer/filing/0001140361-24-015659.txt

## Key facts
- Auditor Changes
  GAIA, INC reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Armanino LLP
  source text: the audited and unaudited consolidated financial statements for each of the Non-Reliance Periods, and the related audit report of the Company’s previous independent registered public accounting firm, Armanino LLP, should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm
- Earnings Releases
  GAIA, INC reported the quarter ended December 31, 2023 results: revenue $20.7 million, net income $(1.8) million, EPS $(0.08) per share. Guidance reaffirmed.
  - Period: the quarter ended December 31, 2023
  - Revenue: $20.7 million
  - Net income: $(1.8) million
  - EPS: $(0.08) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenues for the fourth quarter 2023 increased 6% to $20.7 million from $19.6 million in the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm
- Earnings Releases
  GAIA, INC reported the year ended December 31, 2023 results: revenue $80.4 million, net income $(5.6) million, EPS $(0.27) per share. Guidance reaffirmed.
  - Period: the year ended December 31, 2023
  - Revenue: $80.4 million
  - Net income: $(5.6) million
  - EPS: $(0.27) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenue for the year was $80.4 million as compared to $82.0 million in 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1089872/000114036124015659/0001140361-24-015659-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.