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Side-by-side financial comparison of GAIA, INC (GAIA) and Voyager Technologies, Inc. (VOYG). Click either name above to swap in a different company.

Voyager Technologies, Inc. is the larger business by last-quarter revenue ($35.2M vs $25.5M, roughly 1.4× GAIA, INC). GAIA, INC runs the higher net margin — -0.3% vs -130.4%, a 130.1% gap on every dollar of revenue. On growth, GAIA, INC posted the faster year-over-year revenue change (5.8% vs 2.1%). GAIA, INC produced more free cash flow last quarter ($76.0K vs $-66.8M).

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.

GAIA vs VOYG — Head-to-Head

Bigger by revenue
VOYG
VOYG
1.4× larger
VOYG
$35.2M
$25.5M
GAIA
Growing faster (revenue YoY)
GAIA
GAIA
+3.7% gap
GAIA
5.8%
2.1%
VOYG
Higher net margin
GAIA
GAIA
130.1% more per $
GAIA
-0.3%
-130.4%
VOYG
More free cash flow
GAIA
GAIA
$66.9M more FCF
GAIA
$76.0K
$-66.8M
VOYG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GAIA
GAIA
VOYG
VOYG
Revenue
$25.5M
$35.2M
Net Profit
$-75.0K
$-45.9M
Gross Margin
87.6%
-4.4%
Operating Margin
-2.6%
Net Margin
-0.3%
-130.4%
Revenue YoY
5.8%
2.1%
Net Profit YoY
91.7%
-64.5%
EPS (diluted)
$-0.02
$-0.75

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.

Revenue
GAIA
GAIA
VOYG
VOYG
Q1 26
$35.2M
Q4 25
$25.5M
$46.7M
Q3 25
$25.0M
$39.6M
Q2 25
$24.6M
$45.7M
Q1 25
$23.8M
Q4 24
$24.1M
Q3 24
$22.0M
Q2 24
$21.9M
Net Profit
GAIA
GAIA
VOYG
VOYG
Q1 26
$-45.9M
Q4 25
$-75.0K
$-33.0M
Q3 25
$-1.2M
$-16.3M
Q2 25
$-2.0M
$-31.4M
Q1 25
$-1.2M
Q4 24
$-907.0K
Q3 24
$-1.2M
Q2 24
$-2.2M
Gross Margin
GAIA
GAIA
VOYG
VOYG
Q1 26
-4.4%
Q4 25
87.6%
21.4%
Q3 25
86.4%
15.4%
Q2 25
86.7%
18.0%
Q1 25
87.7%
Q4 24
88.2%
Q3 24
86.1%
Q2 24
84.5%
Operating Margin
GAIA
GAIA
VOYG
VOYG
Q1 26
Q4 25
-2.6%
Q3 25
-5.0%
-60.7%
Q2 25
-8.9%
-52.8%
Q1 25
-4.3%
Q4 24
-7.1%
Q3 24
-5.3%
Q2 24
-9.1%
Net Margin
GAIA
GAIA
VOYG
VOYG
Q1 26
-130.4%
Q4 25
-0.3%
-70.7%
Q3 25
-4.6%
-41.1%
Q2 25
-8.3%
-68.7%
Q1 25
-5.1%
Q4 24
-3.8%
Q3 24
-5.4%
Q2 24
-9.9%
EPS (diluted)
GAIA
GAIA
VOYG
VOYG
Q1 26
$-0.75
Q4 25
$-0.02
$-0.52
Q3 25
$-0.05
$-0.28
Q2 25
$-0.07
$-1.23
Q1 25
$-0.04
Q4 24
$-0.03
Q3 24
$-0.05
Q2 24
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GAIA
GAIA
VOYG
VOYG
Cash + ST InvestmentsLiquidity on hand
$13.5M
$429.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$87.9M
$404.5M
Total Assets
$154.6M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAIA
GAIA
VOYG
VOYG
Q1 26
$429.4M
Q4 25
$13.5M
$491.3M
Q3 25
$14.2M
$413.3M
Q2 25
$13.9M
$468.9M
Q1 25
$13.1M
Q4 24
$5.9M
Q3 24
$4.4M
Q2 24
$5.5M
Stockholders' Equity
GAIA
GAIA
VOYG
VOYG
Q1 26
$404.5M
Q4 25
$87.9M
Q3 25
$86.3M
$590.9M
Q2 25
$85.7M
$554.7M
Q1 25
$87.0M
Q4 24
$80.7M
Q3 24
$81.2M
Q2 24
$82.1M
Total Assets
GAIA
GAIA
VOYG
VOYG
Q1 26
$1.0B
Q4 25
$154.6M
Q3 25
$151.1M
$727.8M
Q2 25
$147.0M
$685.3M
Q1 25
$148.5M
Q4 24
$141.2M
Q3 24
$139.6M
Q2 24
$142.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GAIA
GAIA
VOYG
VOYG
Operating Cash FlowLast quarter
$1.8M
$-39.7M
Free Cash FlowOCF − Capex
$76.0K
$-66.8M
FCF MarginFCF / Revenue
0.3%
-189.5%
Capex IntensityCapex / Revenue
6.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-377.0K
$-263.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAIA
GAIA
VOYG
VOYG
Q1 26
$-39.7M
Q4 25
$1.8M
$-60.9M
Q3 25
$326.0K
$-15.1M
Q2 25
$2.3M
$-30.9M
Q1 25
$1.3M
Q4 24
$2.7M
Q3 24
$409.0K
Q2 24
$-2.1M
Free Cash Flow
GAIA
GAIA
VOYG
VOYG
Q1 26
$-66.8M
Q4 25
$76.0K
$-54.5M
Q3 25
$-1.6M
$-53.8M
Q2 25
$880.0K
$-88.8M
Q1 25
$268.0K
Q4 24
$1.6M
Q3 24
$-952.0K
Q2 24
$-3.5M
FCF Margin
GAIA
GAIA
VOYG
VOYG
Q1 26
-189.5%
Q4 25
0.3%
-116.9%
Q3 25
-6.4%
-135.8%
Q2 25
3.6%
-194.4%
Q1 25
1.1%
Q4 24
6.5%
Q3 24
-4.3%
Q2 24
-16.1%
Capex Intensity
GAIA
GAIA
VOYG
VOYG
Q1 26
Q4 25
6.6%
Q3 25
7.7%
97.8%
Q2 25
5.7%
126.7%
Q1 25
4.3%
Q4 24
4.6%
Q3 24
6.2%
Q2 24
6.6%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GAIA
GAIA

US$16.7M65%
Non Us$8.8M35%

VOYG
VOYG

Segment breakdown not available.

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