vs
Side-by-side financial comparison of GAIA, INC (GAIA) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $25.5M, roughly 1.3× GAIA, INC). Spok Holdings, Inc runs the higher net margin — 8.7% vs -0.3%, a 8.9% gap on every dollar of revenue. On growth, GAIA, INC posted the faster year-over-year revenue change (5.8% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $76.0K). Over the past eight quarters, GAIA, INC's revenue compounded faster (9.4% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
GAIA vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $33.9M |
| Net Profit | $-75.0K | $2.9M |
| Gross Margin | 87.6% | 76.7% |
| Operating Margin | -2.6% | 11.6% |
| Net Margin | -0.3% | 8.7% |
| Revenue YoY | 5.8% | -0.1% |
| Net Profit YoY | 91.7% | -19.6% |
| EPS (diluted) | $-0.02 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $25.0M | $33.9M | ||
| Q2 25 | $24.6M | $35.7M | ||
| Q1 25 | $23.8M | $36.3M | ||
| Q4 24 | $24.1M | $33.9M | ||
| Q3 24 | $22.0M | $34.9M | ||
| Q2 24 | $21.9M | $34.0M | ||
| Q1 24 | $21.3M | $34.9M |
| Q4 25 | $-75.0K | $2.9M | ||
| Q3 25 | $-1.2M | $3.2M | ||
| Q2 25 | $-2.0M | $4.6M | ||
| Q1 25 | $-1.2M | $5.2M | ||
| Q4 24 | $-907.0K | $3.6M | ||
| Q3 24 | $-1.2M | $3.7M | ||
| Q2 24 | $-2.2M | $3.4M | ||
| Q1 24 | $-971.0K | $4.2M |
| Q4 25 | 87.6% | 76.7% | ||
| Q3 25 | 86.4% | 78.3% | ||
| Q2 25 | 86.7% | 79.5% | ||
| Q1 25 | 87.7% | 80.1% | ||
| Q4 24 | 88.2% | 78.5% | ||
| Q3 24 | 86.1% | 79.5% | ||
| Q2 24 | 84.5% | 78.9% | ||
| Q1 24 | 85.3% | 79.5% |
| Q4 25 | -2.6% | 11.6% | ||
| Q3 25 | -5.0% | 12.9% | ||
| Q2 25 | -8.9% | 15.1% | ||
| Q1 25 | -4.3% | 16.6% | ||
| Q4 24 | -7.1% | 13.7% | ||
| Q3 24 | -5.3% | 14.2% | ||
| Q2 24 | -9.1% | 13.2% | ||
| Q1 24 | -4.0% | 14.0% |
| Q4 25 | -0.3% | 8.7% | ||
| Q3 25 | -4.6% | 9.5% | ||
| Q2 25 | -8.3% | 12.8% | ||
| Q1 25 | -5.1% | 14.3% | ||
| Q4 24 | -3.8% | 10.8% | ||
| Q3 24 | -5.4% | 10.5% | ||
| Q2 24 | -9.9% | 10.1% | ||
| Q1 24 | -4.6% | 12.1% |
| Q4 25 | $-0.02 | $0.13 | ||
| Q3 25 | $-0.05 | $0.15 | ||
| Q2 25 | $-0.07 | $0.22 | ||
| Q1 25 | $-0.04 | $0.25 | ||
| Q4 24 | $-0.03 | $0.17 | ||
| Q3 24 | $-0.05 | $0.18 | ||
| Q2 24 | $-0.09 | $0.17 | ||
| Q1 24 | $-0.05 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.5M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $87.9M | $146.4M |
| Total Assets | $154.6M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.5M | $25.3M | ||
| Q3 25 | $14.2M | $21.4M | ||
| Q2 25 | $13.9M | $20.2M | ||
| Q1 25 | $13.1M | $19.9M | ||
| Q4 24 | $5.9M | $29.1M | ||
| Q3 24 | $4.4M | $27.8M | ||
| Q2 24 | $5.5M | $23.9M | ||
| Q1 24 | $8.6M | $23.3M |
| Q4 25 | $87.9M | $146.4M | ||
| Q3 25 | $86.3M | $148.7M | ||
| Q2 25 | $85.7M | $150.9M | ||
| Q1 25 | $87.0M | $151.7M | ||
| Q4 24 | $80.7M | $154.7M | ||
| Q3 24 | $81.2M | $156.3M | ||
| Q2 24 | $82.1M | $158.2M | ||
| Q1 24 | $84.8M | $160.2M |
| Q4 25 | $154.6M | $206.1M | ||
| Q3 25 | $151.1M | $209.7M | ||
| Q2 25 | $147.0M | $208.7M | ||
| Q1 25 | $148.5M | $204.5M | ||
| Q4 24 | $141.2M | $217.1M | ||
| Q3 24 | $139.6M | $216.8M | ||
| Q2 24 | $142.1M | $216.4M | ||
| Q1 24 | $133.8M | $215.0M |
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 | $1.8M | $11.5M |
| Free Cash FlowOCF − Capex | $76.0K | $10.1M |
| FCF MarginFCF / Revenue | 0.3% | 29.9% |
| Capex IntensityCapex / Revenue | 6.6% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-377.0K | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8M | $11.5M | ||
| Q3 25 | $326.0K | $8.1M | ||
| Q2 25 | $2.3M | $7.0M | ||
| Q1 25 | $1.3M | $2.3M | ||
| Q4 24 | $2.7M | $8.4M | ||
| Q3 24 | $409.0K | $11.1M | ||
| Q2 24 | $-2.1M | $7.4M | ||
| Q1 24 | $5.9M | $2.0M |
| Q4 25 | $76.0K | $10.1M | ||
| Q3 25 | $-1.6M | $7.6M | ||
| Q2 25 | $880.0K | $6.0M | ||
| Q1 25 | $268.0K | $1.5M | ||
| Q4 24 | $1.6M | $7.5M | ||
| Q3 24 | $-952.0K | $10.3M | ||
| Q2 24 | $-3.5M | $6.8M | ||
| Q1 24 | $4.9M | $1.1M |
| Q4 25 | 0.3% | 29.9% | ||
| Q3 25 | -6.4% | 22.4% | ||
| Q2 25 | 3.6% | 16.8% | ||
| Q1 25 | 1.1% | 4.2% | ||
| Q4 24 | 6.5% | 22.3% | ||
| Q3 24 | -4.3% | 29.4% | ||
| Q2 24 | -16.1% | 20.0% | ||
| Q1 24 | 22.8% | 3.2% |
| Q4 25 | 6.6% | 4.1% | ||
| Q3 25 | 7.7% | 1.6% | ||
| Q2 25 | 5.7% | 2.9% | ||
| Q1 25 | 4.3% | 2.1% | ||
| Q4 24 | 4.6% | 2.5% | ||
| Q3 24 | 6.2% | 2.4% | ||
| Q2 24 | 6.6% | 1.9% | ||
| Q1 24 | 5.0% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GAIA
| US | $16.7M | 65% |
| Non Us | $8.8M | 35% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
