Demonstrações financeiras detalhadas de Gaia, Inc. (GAIA): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Gaia, Inc. registou receitas de $99.0M no último exercício, com um CAGR de 5 anos de 8.2%.
Margens dos últimos 12 meses: margem bruta 84.4%, margem operacional -6.7%, margem líquida -6.1%.
Ao preço atual de $1.24, GAIA apresenta lucros negativos (P/L não significativo) e um ROE de -6.90%. A capitalização de mercado é de $31M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $17.2M | $28.3M | $43.8M | $54.0M | $66.8M | $79.6M | $82.0M | $80.4M | $90.4M | $99.0M |
| Custo da Receita | $2.8M | $3.9M | $5.7M | $7.1M | $8.7M | $10.5M | $10.9M | $11.6M | $12.6M | $12.8M |
| Lucro Bruto | $14.4M | $24.4M | $38.1M | $46.9M | $58.2M | $69.0M | $71.1M | $68.8M | $77.8M | $86.2M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $31.0M | $49.5M | $74.2M | $64.1M | $62.8M | $66.7M | $71.3M | $73.4M | $83.7M | $91.3M |
| Despesas Operacionais | $31.0M | $49.5M | $74.2M | $64.1M | $62.8M | $67.1M | $71.4M | $73.4M | $83.7M | $91.3M |
| Lucro Operacional | -$16.6M | -$25.1M | -$36.1M | -$17.2M | -$4.6M | $2.0M | -$265000 | -$4.6M | -$5.9M | -$5.1M |
| EBITDA | -$12.9M | -$20.2M | -$29.4M | -$7.6M | $7.4M | $15.1M | $13.2M | $12.0M | $13.2M | $13.4M |
| Despesas com Juros | $351000 | $515000 | 0 | $643000 | $773000 | $265000 | $257000 | $467000 | 0 | 0 |
| Lucro Antes de Impostos | -$16.9M | -$24.6M | -$35.7M | -$17.8M | $699000 | $1.7M | -$3.0M | -$5.5M | -$5.4M | -$5.1M |
| Imposto | -$6.1M | -$925000 | -$1.9M | $45000 | $180000 | -$2.0M | $202000 | $60000 | -$34000 | $192000 |
| Lucro Líquido | $87.1M | -$23.3M | -$33.8M | -$18.1M | $519000 | $3.7M | -$3.9M | -$5.8M | -$5.2M | -$4.5M |
| LPA | $4.39 | $-1.54 | $-1.96 | $-1.00 | $0.03 | $0.19 | $-0.15 | $-0.27 | $-0.22 | $-0.18 |
| LPA Diluído | $4.39 | $-1.54 | $-1.96 | $-1.00 | $0.03 | $0.19 | $-0.15 | $-0.27 | $-0.22 | $-0.18 |
| Ações em Circulação (Diluídas) | $19.9M | $15.2M | $17.3M | $18.2M | $19.3M | $19.8M | $20.7M | $21.5M | $23.3M | $25.0M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $25.0M | $25.5M | $24.3M | $23.3M |
| Lucro Bruto | $21.6M | $22.3M | $19.0M | $19.9M |
| Lucro Operacional | -$1.2M | -$655000 | -$1.4M | -$3.2M |
| EBITDA | $700000 | $3.9M | $3.2M | -$1.3M |
| Lucro Líquido | -$1.2M | -$526000 | -$1.3M | -$3.0M |
| LPA | $-0.05 | $-0.02 | $-0.05 | $-0.12 |
| LPA Diluído | $-0.05 | $-0.02 | $-0.05 | $-0.12 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $54.0M | $32.8M | $30.0M | $11.5M | $12.6M | $10.3M | $11.6M | $7.8M | $5.9M | $13.5M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $554000 | $1.1M | $1.3M | $2.3M | $2.0M | $2.7M | $3.1M | $6.3M | $7.4M | $5.4M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $55.9M | $36.9M | $34.5M | $16.2M | $16.4M | $15.0M | $17.2M | $16.1M | $15.7M | $22.5M |
| Imobilizado | $29.8M | $37.4M | $49.3M | $2.3M | $47.9M | $58.4M | $21.4M | $32.6M | $22.8M | $35.8M |
| Ágio | $10.6M | $10.6M | $10.6M | $17.3M | $17.3M | $28.9M | $31.9M | $31.9M | $31.9M | $34.0M |
| Ativos Intangíveis | $12.2M | $19.3M | $26.9M | $35.4M | $571000 | $2.8M | $53.3M | $41.8M | $65.2M | $8.5M |
| Ativos Totais | $107.2M | $97.0M | $107.2M | $106.2M | $110.0M | $133.7M | $135.2M | $130.3M | $141.2M | $154.6M |
| Contas a Pagar | $2.1M | $2.3M | $5.3M | $6.6M | $4.8M | $9.1M | $7.4M | $12.0M | $12.4M | $15.2M |
| Dívida de Curto Prazo | 0 | $12.5M | 0 | 0 | $138000 | $860000 | $149000 | $155000 | $5.8M | $227000 |
| Passivos Circulantes | $9.1M | $20.2M | $13.0M | $18.6M | $21.3M | $29.8M | $27.4M | $31.4M | $41.8M | $38.0M |
| Dívida de Longo Prazo | 0 | $12.5M | $12.5M | $18.4M | $6.2M | $6.1M | $15.0M | $5.8M | 0 | $5.5M |
| Passivos Totais | $9.7M | $20.8M | $25.7M | $37.3M | $35.8M | $43.5M | $49.3M | $43.5M | $47.2M | $52.5M |
| Reservas | -$969000 | -$24.4M | -$58.2M | -$76.4M | -$75.8M | -$72.1M | -$79.4M | -$85.2M | -$90.4M | -$94.9M |
| Patrimônio Líquido | $97.5M | $76.2M | $81.5M | $68.9M | $74.2M | $90.2M | $84.8M | $85.5M | $80.7M | $87.9M |
| Dívida Total | 0 | $12.5M | $12.5M | $18.4M | $15.0M | $14.9M | $22.3M | $12.4M | $11.5M | $14.8M |
| Dívida Líquida | -$54.0M | -$20.3M | -$17.5M | $6.9M | $2.4M | $4.7M | $10.8M | $4.7M | $5.6M | $1.3M |
| Capital de Giro | $46.8M | $16.8M | $21.5M | -$2.4M | -$4.9M | -$14.8M | -$10.2M | -$15.3M | -$26.1M | -$15.5M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $14.2M | $13.5M | $13.1M | $5.3M |
| Ativos Totais | $151.1M | $154.6M | $154.6M | $147.7M |
| Passivos Totais | $49.5M | $52.5M | $53.5M | $49.6M |
| Patrimônio Líquido | $86.3M | $87.9M | $87.0M | $84.3M |
| Dívida Total | $10.8M | $14.8M | $14.6M | $14.4M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$10.8M | -$23.7M | -$33.8M | -$17.9M | $519000 | $3.7M | -$2.7M | -$5.8M | -$5.4M | -$4.5M |
| Depreciação e Amortização | $3.7M | $4.9M | $7.0M | $9.6M | $12.0M | $13.1M | $15.9M | $17.0M | $18.6M | $10.4M |
| Compensação em Ações | $674000 | $1.8M | $1.6M | $1.8M | $2.3M | $1.7M | $1.8M | $1.1M | $1.3M | $1.7M |
| Variação Capital de Giro | $368000 | -$3.8M | $3.8M | $3.8M | $2.9M | $4.3M | -$3.3M | $356000 | $1.6M | $964000 |
| Fluxo de Caixa Operacional | -$15.4M | -$20.8M | -$21.4M | -$2.6M | $11.7M | $20.9M | $11.5M | $5.9M | $6.9M | $5.7M |
| CapEx | -$6.6M | -$13.0M | -$18.9M | -$18.7M | -$13.3M | -$17.3M | -$18.3M | -$5.3M | -$5.0M | -$6.1M |
| Aquisições | $162.1M | 0 | 0 | -$1.6M | $13.2M | -$6.5M | -$847000 | -$8000 | 0 | -$4.0M |
| Recompra de Ações | -$76.2M | 0 | 0 | 0 | 0 | 0 | 0 | -$169000 | 0 | 0 |
| Dividendos Pagos | -$1.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$22.0M | -$33.8M | -$40.2M | -$21.3M | -$1.7M | $3.5M | -$6.7M | $596000 | $1.9M | -$377000 |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $326000 | $1.8M | $1.5M | -$5.4M |
| CapEx | -$1.9M | -$1.7M | -$1.6M | $1.6M |
| Fluxo de Caixa Livre | -$1.6M | $76000 | -$131000 | -$3.8M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $360000 | $470000 | $346000 | -$346000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +64.0% | +55.0% | +23.1% | +23.8% | +19.1% | +3.1% | -2.0% | +12.4% | +9.5% |
| Crescimento Lucro Líquido (anual) | | -126.7% | -45.2% | +46.3% | +102.9% | +618.9% | -204.3% | -49.1% | +9.8% | +14.1% |
| Crescimento LPA (anual) | | -135.1% | -27.3% | +49.0% | +102.7% | +593.4% | -178.9% | -80.0% | +18.5% | +18.2% |
| Variação de Ações (anual) | | -23.6% | +13.8% | +5.2% | +6.3% | +2.7% | +4.4% | +3.8% | +8.5% | +7.1% |
| Crescimento FCF (anual) | | -53.8% | -19.1% | +47.1% | +92.1% | +310.4% | -291.0% | +108.8% | +225.7% | -119.4% |
| Margem Bruta | 83.5% | 86.1% | 87.0% | 86.8% | 87.1% | 86.8% | 86.7% | 85.5% | 86.1% | 87.1% |
| Margem Operacional | -96.1% | -88.9% | -82.3% | -31.9% | -6.9% | 2.5% | -0.3% | -5.7% | -6.6% | -5.2% |
| Margem EBITDA | -74.7% | -71.5% | -67.1% | -14.1% | 11.1% | 19.0% | 16.0% | 14.9% | 14.6% | 13.5% |
| Margem Líquida | 504.8% | -82.3% | -77.1% | -33.6% | 0.8% | 4.7% | -4.7% | -7.2% | -5.8% | -4.5% |
| Margem FCF | -127.4% | -119.5% | -91.8% | -39.4% | -2.5% | 4.4% | -8.2% | 0.7% | 2.1% | -0.4% |
| Taxa Efetiva de Imposto | 36.3% | 3.8% | 5.4% | -0.3% | 25.8% | -116.9% | -6.7% | -1.1% | 0.6% | -3.8% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-1.11 | $-2.23 | $-2.33 | $-1.17 | $-0.09 | $0.18 | $-0.33 | $0.03 | $0.08 | $-0.02 |
| Dividendo por Ação | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $19.9M | $15.2M | $17.3M | $18.2M | $18.9M | $19.3M | $20.7M | $21.5M | $23.3M | $25.0M |
O que olhar em empresas de Communication Services
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -6.90% |
| Retorno sobre capital investido | -5.78% |
| Retorno sobre ativos | -4.04% |
| Margem bruta | 84.42% |
| Margem operacional | -6.66% |
| Margem líquida | -6.08% |
Saúde financeira
| Dívida / Patrimônio | 0.17 |
| Liquidez corrente | 0.41 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.59 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 1.97 | -8.05 | -5.29 | -7.99 | 360.58 | 45.11 | -15.87 | -10.00 | -20.41 | -20.17 |
| P/VP | 1.76 | 2.47 | 2.19 | 2.11 | 2.52 | 1.83 | 0.58 | 0.68 | 1.30 | 1.03 |
| P/V | 9.96 | 6.64 | 4.08 | 2.69 | 2.80 | 2.08 | 0.60 | 0.72 | 1.16 | 0.92 |
| Margem Bruta | 83.5% | 86.1% | 87.0% | 86.8% | 87.1% | 86.8% | 86.7% | 85.5% | 86.1% | 87.1% |
| Margem Operacional | -96.1% | -88.9% | -82.3% | -31.9% | -6.9% | 2.5% | -0.3% | -5.7% | -6.6% | -5.2% |
| Margem Líquida | 504.8% | -82.3% | -77.1% | -33.6% | 0.8% | 4.7% | -4.7% | -7.2% | -5.8% | -4.5% |