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Side-by-side financial comparison of GAIA, INC (GAIA) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.

GAIA, INC is the larger business by last-quarter revenue ($25.5M vs $18.6M, roughly 1.4× Zeo Energy Corp.). GAIA, INC runs the higher net margin — -0.3% vs -10.8%, a 10.5% gap on every dollar of revenue. On growth, GAIA, INC posted the faster year-over-year revenue change (5.8% vs -0.4%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $76.0K). Over the past eight quarters, GAIA, INC's revenue compounded faster (9.4% CAGR vs -4.0%).

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 ZEO — Head-to-Head

Bigger by revenue
GAIA
GAIA
1.4× larger
GAIA
$25.5M
$18.6M
ZEO
Growing faster (revenue YoY)
GAIA
GAIA
+6.2% gap
GAIA
5.8%
-0.4%
ZEO
Higher net margin
GAIA
GAIA
10.5% more per $
GAIA
-0.3%
-10.8%
ZEO
More free cash flow
ZEO
ZEO
$2.2M more FCF
ZEO
$2.3M
$76.0K
GAIA
Faster 2-yr revenue CAGR
GAIA
GAIA
Annualised
GAIA
9.4%
-4.0%
ZEO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GAIA
GAIA
ZEO
ZEO
Revenue
$25.5M
$18.6M
Net Profit
$-75.0K
$-2.0M
Gross Margin
87.6%
Operating Margin
-2.6%
-11.8%
Net Margin
-0.3%
-10.8%
Revenue YoY
5.8%
-0.4%
Net Profit YoY
91.7%
-360.9%
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.

Revenue
GAIA
GAIA
ZEO
ZEO
Q4 25
$25.5M
$18.6M
Q3 25
$25.0M
$23.9M
Q2 25
$24.6M
$18.1M
Q1 25
$23.8M
$8.8M
Q4 24
$24.1M
$18.6M
Q3 24
$22.0M
$19.7M
Q2 24
$21.9M
$14.8M
Q1 24
$21.3M
$20.1M
Net Profit
GAIA
GAIA
ZEO
ZEO
Q4 25
$-75.0K
$-2.0M
Q3 25
$-1.2M
$-3.2M
Q2 25
$-2.0M
$-2.4M
Q1 25
$-1.2M
$-6.4M
Q4 24
$-907.0K
$-435.3K
Q3 24
$-1.2M
$-424.3K
Q2 24
$-2.2M
$-277.8K
Q1 24
$-971.0K
$-1.5M
Gross Margin
GAIA
GAIA
ZEO
ZEO
Q4 25
87.6%
Q3 25
86.4%
57.9%
Q2 25
86.7%
59.8%
Q1 25
87.7%
99.3%
Q4 24
88.2%
Q3 24
86.1%
50.2%
Q2 24
84.5%
52.3%
Q1 24
85.3%
Operating Margin
GAIA
GAIA
ZEO
ZEO
Q4 25
-2.6%
-11.8%
Q3 25
-5.0%
-8.3%
Q2 25
-8.9%
-15.8%
Q1 25
-4.3%
-153.8%
Q4 24
-7.1%
-6.0%
Q3 24
-5.3%
-15.2%
Q2 24
-9.1%
-18.0%
Q1 24
-4.0%
-20.1%
Net Margin
GAIA
GAIA
ZEO
ZEO
Q4 25
-0.3%
-10.8%
Q3 25
-4.6%
-13.5%
Q2 25
-8.3%
-13.3%
Q1 25
-5.1%
-72.4%
Q4 24
-3.8%
-2.3%
Q3 24
-5.4%
-2.2%
Q2 24
-9.9%
-1.9%
Q1 24
-4.6%
-7.6%
EPS (diluted)
GAIA
GAIA
ZEO
ZEO
Q4 25
$-0.02
Q3 25
$-0.05
Q2 25
$-0.07
Q1 25
$-0.04
$-0.48
Q4 24
$-0.03
$1.11
Q3 24
$-0.05
$-0.08
Q2 24
$-0.09
$0.03
Q1 24
$-0.05
$-1.54

Balance Sheet & Financial Strength

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

Metric
GAIA
GAIA
ZEO
ZEO
Cash + ST InvestmentsLiquidity on hand
$13.5M
$6.1M
Total DebtLower is stronger
$79.1K
Stockholders' EquityBook value
$87.9M
$5.3M
Total Assets
$154.6M
$56.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAIA
GAIA
ZEO
ZEO
Q4 25
$13.5M
$6.1M
Q3 25
$14.2M
$3.9M
Q2 25
$13.9M
$68.7K
Q1 25
$13.1M
$2.9M
Q4 24
$5.9M
$5.6M
Q3 24
$4.4M
$4.3M
Q2 24
$5.5M
$5.3M
Q1 24
$8.6M
Total Debt
GAIA
GAIA
ZEO
ZEO
Q4 25
$79.1K
Q3 25
$84.6K
Q2 25
$642.8K
Q1 25
$715.4K
Q4 24
$787.7K
Q3 24
$858.6K
Q2 24
$1.6M
Q1 24
$748.8K
Stockholders' Equity
GAIA
GAIA
ZEO
ZEO
Q4 25
$87.9M
$5.3M
Q3 25
$86.3M
$-1.7M
Q2 25
$85.7M
$-59.4M
Q1 25
$87.0M
$-23.1M
Q4 24
$80.7M
$-88.9M
Q3 24
$81.2M
$-39.3M
Q2 24
$82.1M
$-53.0M
Q1 24
$84.8M
$-173.0M
Total Assets
GAIA
GAIA
ZEO
ZEO
Q4 25
$154.6M
$56.9M
Q3 25
$151.1M
$58.5M
Q2 25
$147.0M
$46.2M
Q1 25
$148.5M
$47.4M
Q4 24
$141.2M
$61.0M
Q3 24
$139.6M
$47.1M
Q2 24
$142.1M
$49.1M
Q1 24
$133.8M
$50.1M
Debt / Equity
GAIA
GAIA
ZEO
ZEO
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
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
GAIA
GAIA
ZEO
ZEO
Operating Cash FlowLast quarter
$1.8M
$2.4M
Free Cash FlowOCF − Capex
$76.0K
$2.3M
FCF MarginFCF / Revenue
0.3%
12.2%
Capex IntensityCapex / Revenue
6.6%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-377.0K
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAIA
GAIA
ZEO
ZEO
Q4 25
$1.8M
$2.4M
Q3 25
$326.0K
$-6.6M
Q2 25
$2.3M
$-2.3M
Q1 25
$1.3M
$-2.3M
Q4 24
$2.7M
$3.5M
Q3 24
$409.0K
$162.2K
Q2 24
$-2.1M
$-2.2M
Q1 24
$5.9M
$-10.2M
Free Cash Flow
GAIA
GAIA
ZEO
ZEO
Q4 25
$76.0K
$2.3M
Q3 25
$-1.6M
$-6.8M
Q2 25
$880.0K
$-2.7M
Q1 25
$268.0K
$-2.6M
Q4 24
$1.6M
$3.4M
Q3 24
$-952.0K
$116.5K
Q2 24
$-3.5M
$-2.3M
Q1 24
$4.9M
$-10.4M
FCF Margin
GAIA
GAIA
ZEO
ZEO
Q4 25
0.3%
12.2%
Q3 25
-6.4%
-28.6%
Q2 25
3.6%
-15.0%
Q1 25
1.1%
-30.0%
Q4 24
6.5%
18.2%
Q3 24
-4.3%
0.6%
Q2 24
-16.1%
-15.6%
Q1 24
22.8%
-51.5%
Capex Intensity
GAIA
GAIA
ZEO
ZEO
Q4 25
6.6%
0.9%
Q3 25
7.7%
1.0%
Q2 25
5.7%
2.4%
Q1 25
4.3%
4.2%
Q4 24
4.6%
0.5%
Q3 24
6.2%
0.2%
Q2 24
6.6%
0.7%
Q1 24
5.0%
1.1%

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%

ZEO
ZEO

Nonrelated Party$18.1M98%
Related Party$432.1K2%

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