Gaia Q2 2026 revenue down 5% to $23.3M; net loss widens to $(0.12)/share

GAIA, INC

Revenue $23.3M, down 5% YoY; international revenue declined $1.6M.
Net loss $(3.0)M ($0.12/sh) vs $(1.8)M ($0.07/sh) in Q2 2025; gross margin 85.3% vs 86.7%.
Operating cash flow $(5.4)M due to $2.4M seasonal renewal timing, lower revenue, higher marketing costs.
Cash $5.3M with fully available $10M credit line; management targets positive free cash flow in Q4 2026.
CEO cites shift to higher-quality members and AI features; disciplined discounting pressuring top line.

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