secwatch.observer — SEC 8-K summary
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Issuer:     GAIA, INC (GAIA)
CIK:        0001089872
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001193125-26-203970
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaia Q1 revenue up 2% to $24.3M; net loss $(1.3)M; targets lower churn, higher ARPU
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- Revenue $24.3M (+2% YoY); gross margin 86%; net loss $(1.3)M ($(0.05)/share) vs $(1.0)M in Q1 2025.
- Operating cash flow $1.5M, free cash flow $1.1M – ninth consecutive quarter of positive free cash flow.
- Cash $13.1M with fully available $10M credit line.
- CEO: shifting from third-party platforms to direct membership; targeting ~20% churn reduction and 20-25% ARPU increase for Q4 2026 vs Q4 2025.
- Strategic changes expected to moderate near-term revenue growth but improve lifetime value and unit economics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089872/000119312526203970/0001193125-26-203970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089872/000119312526203970/gaia-20260504.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-203970

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer