vs
Side-by-side financial comparison of FONAR CORP (FONR) and GAIA, INC (GAIA). Click either name above to swap in a different company.
FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $25.5M, roughly 1.0× GAIA, INC). FONAR CORP runs the higher net margin — 8.0% vs -0.3%, a 8.3% gap on every dollar of revenue. On growth, GAIA, INC posted the faster year-over-year revenue change (5.8% vs 2.4%). GAIA, INC produced more free cash flow last quarter ($76.0K vs $-227.0K). Over the past eight quarters, GAIA, INC's revenue compounded faster (9.4% CAGR vs -0.3%).
FONAR Corp is a specialized medical technology firm that designs, manufactures, and distributes innovative MRI systems including upright and open models. It primarily serves U.S. hospitals, diagnostic imaging centers, and healthcare providers, delivering high-precision scanning solutions for clinical diagnostic use.
Gaia, Inc. is a publicly traded (NASDAQ:GAIA) American media company founded in 1988 by Jirka Rysavy in Louisville, Colorado. It owns and operates Gaia TV, a subscription video on-demand service consisting of original and licensed alternative media documentaries, including those on wellness, spirituality and conspiracy theories.
FONR vs GAIA — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $25.5M |
| Net Profit | $2.1M | $-75.0K |
| Gross Margin | — | 87.6% |
| Operating Margin | 13.5% | -2.6% |
| Net Margin | 8.0% | -0.3% |
| Revenue YoY | 2.4% | 5.8% |
| Net Profit YoY | 4.7% | 91.7% |
| EPS (diluted) | — | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $25.5M | $25.5M | ||
| Q3 25 | $26.0M | $25.0M | ||
| Q2 25 | $27.3M | $24.6M | ||
| Q1 25 | $27.2M | $23.8M | ||
| Q4 24 | $24.9M | $24.1M | ||
| Q3 24 | $25.0M | $22.0M | ||
| Q2 24 | $25.9M | $21.9M | ||
| Q1 24 | $25.7M | $21.3M |
| Q4 25 | $2.1M | $-75.0K | ||
| Q3 25 | $2.3M | $-1.2M | ||
| Q2 25 | $729.3K | $-2.0M | ||
| Q1 25 | $2.5M | $-1.2M | ||
| Q4 24 | $2.0M | $-907.0K | ||
| Q3 24 | $3.1M | $-1.2M | ||
| Q2 24 | $830.4K | $-2.2M | ||
| Q1 24 | $1.9M | $-971.0K |
| Q4 25 | — | 87.6% | ||
| Q3 25 | — | 86.4% | ||
| Q2 25 | — | 86.7% | ||
| Q1 25 | — | 87.7% | ||
| Q4 24 | — | 88.2% | ||
| Q3 24 | — | 86.1% | ||
| Q2 24 | — | 84.5% | ||
| Q1 24 | — | 85.3% |
| Q4 25 | 13.5% | -2.6% | ||
| Q3 25 | 14.1% | -5.0% | ||
| Q2 25 | 5.3% | -8.9% | ||
| Q1 25 | 15.2% | -4.3% | ||
| Q4 24 | 11.9% | -7.1% | ||
| Q3 24 | 21.0% | -5.3% | ||
| Q2 24 | 7.4% | -9.1% | ||
| Q1 24 | 16.8% | -4.0% |
| Q4 25 | 8.0% | -0.3% | ||
| Q3 25 | 8.7% | -4.6% | ||
| Q2 25 | 2.7% | -8.3% | ||
| Q1 25 | 9.2% | -5.1% | ||
| Q4 24 | 7.9% | -3.8% | ||
| Q3 24 | 12.6% | -5.4% | ||
| Q2 24 | 3.2% | -9.9% | ||
| Q1 24 | 7.3% | -4.6% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.05 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-0.03 | ||
| Q3 24 | — | $-0.05 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $121.0K | $13.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $176.9M | $87.9M |
| Total Assets | $217.2M | $154.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0K | $13.5M | ||
| Q3 25 | $122.0K | $14.2M | ||
| Q2 25 | $56.5M | $13.9M | ||
| Q1 25 | $123.0K | $13.1M | ||
| Q4 24 | $121.0K | $5.9M | ||
| Q3 24 | $136.0K | $4.4M | ||
| Q2 24 | $56.5M | $5.5M | ||
| Q1 24 | $134.0K | $8.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $66.9K | — | ||
| Q1 24 | — | — |
| Q4 25 | $176.9M | $87.9M | ||
| Q3 25 | $174.9M | $86.3M | ||
| Q2 25 | $172.6M | $85.7M | ||
| Q1 25 | $171.9M | $87.0M | ||
| Q4 24 | $169.8M | $80.7M | ||
| Q3 24 | $168.7M | $81.2M | ||
| Q2 24 | $166.0M | $82.1M | ||
| Q1 24 | $165.8M | $84.8M |
| Q4 25 | $217.2M | $154.6M | ||
| Q3 25 | $218.4M | $151.1M | ||
| Q2 25 | $216.9M | $147.0M | ||
| Q1 25 | $214.9M | $148.5M | ||
| Q4 24 | $208.0M | $141.2M | ||
| Q3 24 | $212.3M | $139.6M | ||
| Q2 24 | $214.2M | $142.1M | ||
| Q1 24 | $209.6M | $133.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $171.0K | $1.8M |
| Free Cash FlowOCF − Capex | $-227.0K | $76.0K |
| FCF MarginFCF / Revenue | -0.9% | 0.3% |
| Capex IntensityCapex / Revenue | 1.6% | 6.6% |
| Cash ConversionOCF / Net Profit | 0.08× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.7M | $-377.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $171.0K | $1.8M | ||
| Q3 25 | $1.7M | $326.0K | ||
| Q2 25 | $4.2M | $2.3M | ||
| Q1 25 | $3.1M | $1.3M | ||
| Q4 24 | $2.2M | $2.7M | ||
| Q3 24 | $1.7M | $409.0K | ||
| Q2 24 | $4.6M | $-2.1M | ||
| Q1 24 | $2.8M | $5.9M |
| Q4 25 | $-227.0K | $76.0K | ||
| Q3 25 | $-177.0K | $-1.6M | ||
| Q2 25 | $3.6M | $880.0K | ||
| Q1 25 | $2.6M | $268.0K | ||
| Q4 24 | $1.5M | $1.6M | ||
| Q3 24 | $-148.0K | $-952.0K | ||
| Q2 24 | $4.2M | $-3.5M | ||
| Q1 24 | $2.6M | $4.9M |
| Q4 25 | -0.9% | 0.3% | ||
| Q3 25 | -0.7% | -6.4% | ||
| Q2 25 | 13.1% | 3.6% | ||
| Q1 25 | 9.4% | 1.1% | ||
| Q4 24 | 6.0% | 6.5% | ||
| Q3 24 | -0.6% | -4.3% | ||
| Q2 24 | 16.1% | -16.1% | ||
| Q1 24 | 10.2% | 22.8% |
| Q4 25 | 1.6% | 6.6% | ||
| Q3 25 | 7.2% | 7.7% | ||
| Q2 25 | 2.4% | 5.7% | ||
| Q1 25 | 2.2% | 4.3% | ||
| Q4 24 | 3.0% | 4.6% | ||
| Q3 24 | 7.2% | 6.2% | ||
| Q2 24 | 1.6% | 6.6% | ||
| Q1 24 | 0.7% | 5.0% |
| Q4 25 | 0.08× | — | ||
| Q3 25 | 0.75× | — | ||
| Q2 25 | 5.79× | — | ||
| Q1 25 | 1.26× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 5.54× | — | ||
| Q1 24 | 1.50× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FONR
| Managementof Diagnostic Imaging Centers | $23.2M | 91% |
| Manufacturingand Servicingof Medical Equipment | $2.4M | 9% |
GAIA
| US | $16.7M | 65% |
| Non Us | $8.8M | 35% |
