Tearsheet

CuriosityStream (CURI)


Market Price (7/7/2026): $2.83 | Market Cap: $166.8 MilSector: Communication Services | Industry: Broadcasting

CuriosityStream (CURI)


Market Price (7/7/2026): $2.83
Market Cap: $166.8 Mil
Sector: Communication Services
Industry: Broadcasting

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10.0%, Dividend Yield is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 7.4%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%

Megatrend and thematic drivers
Megatrends include Digital Content & Streaming. Themes include Video Streaming.

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 22%

Key risks
CURI key risks include [1] a declining core streaming business with persistent subscriber loss, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10.0%, Dividend Yield is 15%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 7.4%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
4 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25%
5 Megatrend and thematic drivers
Megatrends include Digital Content & Streaming. Themes include Video Streaming.
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -12%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 22%
8 Key risks
CURI key risks include [1] a declining core streaming business with persistent subscriber loss, Show more.

CURI in ETFs

Weight = CURI's share of each fund

VTI0.00%
IWM0.00%
IWO0.01%
VTWO0.00%
DFAS0.00%
IWN0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 7/1/2026

CuriosityStream (CURI) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Balanced fiscal Q1 2026 Financial Results.

CuriosityStream reported mixed financial results for fiscal Q1 2026 (period ending March 31, 2026), announced on May 14, 2026. The company met analyst consensus estimates for Earnings Per Share (EPS) at -$0.02, but its quarterly revenue of $15.16 million fell below analysts' expectations of $16.79 million. This balanced performance, with an EPS beat and revenue miss, was accompanied by the fifth consecutive quarter of positive adjusted EBITDA at $0.9 million and ninth consecutive quarter of positive adjusted free cash flow at $1.3 million, contributing to a stable stock movement.

2. Optimistic Outlook from New Revenue Agreements.

The company announced on July 1, 2026, that it expects to generate over $10 million in new revenue during fiscal Q2 2026 from new third-party agreements entered into by its subsidiary, Curiosity, Inc. This projected incremental contracted business, combined with a full-year 2026 revenue guidance of $75 million to $80 million and adjusted EBITDA guidance of $16 million to $20 million, provided a positive forward-looking catalyst that likely offset any downward pressure from the Q1 revenue miss.

Show more
Updated on 7/1/2026

CuriosityStream (CURI) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Balanced fiscal Q1 2026 Financial Results.

CuriosityStream reported mixed financial results for fiscal Q1 2026 (period ending March 31, 2026), announced on May 14, 2026. The company met analyst consensus estimates for Earnings Per Share (EPS) at -$0.02, but its quarterly revenue of $15.16 million fell below analysts' expectations of $16.79 million. This balanced performance, with an EPS beat and revenue miss, was accompanied by the fifth consecutive quarter of positive adjusted EBITDA at $0.9 million and ninth consecutive quarter of positive adjusted free cash flow at $1.3 million, contributing to a stable stock movement.

2. Optimistic Outlook from New Revenue Agreements.

The company announced on July 1, 2026, that it expects to generate over $10 million in new revenue during fiscal Q2 2026 from new third-party agreements entered into by its subsidiary, Curiosity, Inc. This projected incremental contracted business, combined with a full-year 2026 revenue guidance of $75 million to $80 million and adjusted EBITDA guidance of $16 million to $20 million, provided a positive forward-looking catalyst that likely offset any downward pressure from the Q1 revenue miss.

3. Enhanced Shareholder Returns and Robust Financial Health.

CuriosityStream demonstrated a commitment to shareholder value by raising its quarterly cash dividend to $0.085 per share (totaling $0.34 annually), payable on June 19, 2026. The company also reported repurchasing 90,000 shares during fiscal Q1 2026 and ended the quarter with a strong financial position, including $23.4 million in cash, restricted cash, and securities, and no debt. These actions signal financial stability and a focus on returning capital to shareholders, bolstering investor confidence.

4. Sustained Positive Analyst Sentiment.

Throughout the period since March 31, 2026, Wall Street analysts maintained a "Buy" or "Moderate Buy" consensus rating for CURI, with an average price target ranging from $5.33 to $6.00. For instance, Barrington Research maintained a "Buy" rating with a $5 price target on May 15, 2026, and Needham maintained a "Buy" rating with a $6 price target on the same date. This consistently positive outlook from analysts, implying significant upside potential from current price levels, helped to anchor the stock's valuation and maintain stability.

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Stock Movement Drivers

Fundamental Drivers

The -2.3% change in CURI stock from 3/31/2026 to 7/6/2026 was primarily driven by a -1.6% change in the company's P/S Multiple.
(LTM values as of)33120267062026Change
Stock Price ($)2.882.81-2.3%
Change Contribution By: 
Total Revenues ($ Mil)72720.1%
P/S Multiple2.42.3-1.6%
Shares Outstanding (Mil)5859-0.9%
Cumulative Contribution-2.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/6/2026
ReturnCorrelation
CURI-2.3% 
Market (SPY)15.5%32.1%
Sector (XLC)-0.6%44.4%

Fundamental Drivers

The -22.1% change in CURI stock from 12/31/2025 to 7/6/2026 was primarily driven by a -26.4% change in the company's P/S Multiple.
(LTM values as of)123120257062026Change
Stock Price ($)3.612.81-22.1%
Change Contribution By: 
Total Revenues ($ Mil)67727.7%
P/S Multiple3.12.3-26.4%
Shares Outstanding (Mil)5859-1.7%
Cumulative Contribution-22.1%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/6/2026
ReturnCorrelation
CURI-22.1% 
Market (SPY)10.5%35.7%
Sector (XLC)-6.1%40.7%

Fundamental Drivers

The -45.5% change in CURI stock from 6/30/2025 to 7/6/2026 was primarily driven by a -57.5% change in the company's P/S Multiple.
(LTM values as of)63020257062026Change
Stock Price ($)5.172.81-45.5%
Change Contribution By: 
Total Revenues ($ Mil)547232.3%
P/S Multiple5.42.3-57.5%
Shares Outstanding (Mil)5759-3.1%
Cumulative Contribution-45.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/6/2026
ReturnCorrelation
CURI-45.5% 
Market (SPY)22.6%26.5%
Sector (XLC)2.6%29.3%

Fundamental Drivers

The 263.5% change in CURI stock from 6/30/2023 to 7/6/2026 was primarily driven by a 310.8% change in the company's P/S Multiple.
(LTM values as of)63020237062026Change
Stock Price ($)0.772.81263.5%
Change Contribution By: 
Total Revenues ($ Mil)7372-1.5%
P/S Multiple0.62.3310.8%
Shares Outstanding (Mil)5359-10.2%
Cumulative Contribution263.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/6/2026
ReturnCorrelation
CURI263.5% 
Market (SPY)75.5%19.3%
Sector (XLC)74.7%16.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CURI Return-57%-81%-53%198%170%-19%-75%
Peers Return-0%-45%22%24%46%-10%8%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
CURI Win Rate33%25%33%50%50%29% 
Peers Win Rate40%38%55%55%55%40% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
CURI Max Drawdown-75%-82%-73%-43%-44%-32% 
Peers Max Drawdown-39%-59%-36%-32%-31%-26% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: WBD, AMCX, NFLX, FOXA, DIS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/6/2026 (YTD)

How Low Can It Go

EventCURIS&P 500
2025 US Tariff Shock
  % Loss-20.1%-18.8%
  % Gain to Breakeven25.1%23.1%
  Time to Breakeven4 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-48.5%-9.5%
  % Gain to Breakeven94.1%10.5%
  Time to Breakeven148 days24 days
2023 SVB Regional Banking Crisis
  % Loss-51.7%-6.7%
  % Gain to Breakeven107.0%7.1%
  Time to Breakeven445 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-81.3%-24.5%
  % Gain to Breakeven434.8%32.4%
  Time to Breakeven933 days427 days

Compare to WBD, AMCX, NFLX, FOXA, DIS

In The Past

CuriosityStream's stock fell -20.1% during the 2025 US Tariff Shock. Such a loss loss requires a 25.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCURIS&P 500
2025 US Tariff Shock
  % Loss-20.1%-18.8%
  % Gain to Breakeven25.1%23.1%
  Time to Breakeven4 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-48.5%-9.5%
  % Gain to Breakeven94.1%10.5%
  Time to Breakeven148 days24 days
2023 SVB Regional Banking Crisis
  % Loss-51.7%-6.7%
  % Gain to Breakeven107.0%7.1%
  Time to Breakeven445 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-81.3%-24.5%
  % Gain to Breakeven434.8%32.4%
  Time to Breakeven933 days427 days

Compare to WBD, AMCX, NFLX, FOXA, DIS

In The Past

CuriosityStream's stock fell -20.1% during the 2025 US Tariff Shock. Such a loss loss requires a 25.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CuriosityStream (CURI)

CuriosityStream Inc. (CURI) operates as a specialized streaming service and media company focused entirely on factual content. The company curates and provides a wide array of premium video programming spanning categories such as science, history, society, nature, lifestyle, and technology. Essentially, it serves as a leading destination for documentary and informational entertainment, targeting audiences interested in learning and exploring various aspects of the real world.

The company's main product is its direct-to-consumer subscription video-on-demand (SVoD) platform, allowing subscribers to access its extensive content library across numerous internet-connected devices, including televisions, computers, and mobile devices. In addition to direct subscriptions, CuriosityStream expands its reach and generates revenue through various partnerships. This includes licensing its content for bundled SVoD and linear offerings, facilitating bulk sales to partners, and engaging in brand collaborations to distribute its unique factual programming.

CuriosityStream serves a broad market of viewers seeking high-quality factual and educational entertainment. Its primary customers include direct individual subscribers to its SVoD service, as well as subscribers gained through its robust network of distribution partners. These partners deliver CuriosityStream's content either directly to their own customer bases or as part of bundled packages, such as those offered by multi-channel video programming distributors (MVPDs). As of December 2021, the company boasted approximately 23 million total paying subscribers globally.

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  • Netflix for factual content.
  • A streaming version of the Discovery Channel or National Geographic.

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  • Direct-to-Consumer SVoD Subscriptions: Provides individual subscribers with direct access to CuriosityStream's library of factual content via its proprietary streaming platform.
  • Content Licensing & Partner Distribution: Licenses its factual video programming to other media companies and distribution partners for inclusion in their own streaming or linear offerings.
  • Content Sales & Brand Partnerships: Engages in direct sales of its content to third parties and forms brand partnerships for promotional or bundled content offerings.

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CuriosityStream (CURI) primarily sells its streaming content services to individuals, though it leverages various distribution channels and partnerships to reach these subscribers. Its major customers fall into the following three categories:

  1. Direct Subscribers: These are individual users who subscribe directly to CuriosityStream's own subscription video on-demand (SVoD) platforms. They access the service via internet-connected devices such as televisions, computers, streaming media players, game consoles, and mobile devices.
  2. Partner-Accessed Subscribers: This category includes individuals who subscribe to or access CuriosityStream's content through a distribution partner's platform or system. While the content is delivered via a third-party, these individuals are considered CuriosityStream subscribers.
  3. Bundled MVPD Subscribers: These are individuals who receive CuriosityStream content as part of a larger bundle offered by a Multichannel Video Programming Distributor (MVPD). MVPDs typically include traditional cable and satellite television providers, as well as virtual MVPDs (vMVPDs) that offer live TV streaming services.

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Amazon.com, Inc. (AMZN)

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Clint Stinchcomb – President and Chief Executive Officer
Clint Stinchcomb was appointed President and CEO of CuriosityStream in June 2018. He previously co-founded and served as CEO of Poker Central. Stinchcomb also held several senior leadership positions at Discovery Communications, including Executive Vice President and General Manager of Emerging Television Networks. Under his leadership, CuriosityStream successfully navigated various financial milestones, including a reverse-merger and initial public offering in 2020, as well as follow-on and secondary offerings.

P. Brady Hayden – Chief Financial Officer
P. Brady Hayden oversees global finance operations and investor relations for CuriosityStream. He became Chief Financial Officer effective May 31, 2024, after joining the company in June 2023 as Corporate Controller. Prior to his time at CuriosityStream, Hayden served as Vice President of Finance and Principal Accounting Officer at Cyren Ltd., a publicly traded cybersecurity firm. His experience includes various senior finance roles with other public reporting companies, such as Spok Holdings Inc.

Tia Cudahy – Chief Operating Officer and Secretary
As Chief Operating Officer, Tia Cudahy is responsible for overseeing CuriosityStream's operations, key partnerships, corporate matters, and governance. Her background includes extensive media business experience from roles at NPR, where she was in Business Affairs, and at Discovery Communications, where she served as a Deputy General Counsel.

John Vilade – Chief Commercial Officer
John Vilade was appointed Chief Commercial Officer of CuriosityStream on February 5, 2026. He brings over 30 years of experience in media, technology, and business development to his role. His previous senior roles include positions at NBCUniversal, Hulu, Discovery Communications, and Premion, and he most recently served as CEO of 6P Color.

Becky Reed – SVP and General Counsel
Becky Reed serves as Senior Vice President and General Counsel for CuriosityStream Inc. She previously held the position of Vice President and Associate General Counsel at CuriosityStream from July 2021 through January 2023. Her prior experience includes serving as Vice President, Business Affairs for Public Broadcasting Service and over fifteen years as Vice President, Business Affairs and Programming Legal for Discovery Communications. Earlier in her career, Reed worked as an associate at Davis Wright Tremaine and as Deputy General Counsel for the Bill Bradley for President Campaign.

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Key Risks to CuriosityStream (CURI)

CuriosityStream (CURI) faces several key risks to its business, primarily stemming from intense competition in the streaming market, the inherent volatility of its growing content licensing segment, and persistent profitability challenges.

  • Declining Direct-to-Consumer (DTC) Subscriptions and Intense Competition: CuriosityStream operates in a highly competitive streaming landscape dominated by much larger players like Netflix, Amazon, and Hulu, which possess significantly greater resources for content acquisition and marketing. The company has experienced a decline in its total direct-to-consumer subscriptions, reflecting a broader maturation of the streaming market and a strategic shift in focus. This decline in its core subscription base poses a fundamental challenge to its long-term growth and market position.
  • Lumpy and Potentially Unsustainable Licensing Revenue: While content licensing, particularly for AI model training, has emerged as a significant growth driver for CuriosityStream, this revenue stream introduces volatility and "lumpy" recognition, making short-term financial predictability difficult. There are concerns regarding the long-term sustainability of this revenue stream, especially given a dwindling licensed content library and reduced content spending in previous years, which could gradually weaken the content available for licensing if acquisitions do not accelerate.
  • Persistent GAAP Losses and Cost Pressures: Despite reporting improvements in adjusted EBITDA and free cash flow, CuriosityStream has historically remained unprofitable under Generally Accepted Accounting Principles (GAAP), carrying a significant accumulated deficit. The company continues to face cost pressures, including rising infrastructure costs tied to content delivery for licensing partners and notable stock-based compensation expenses, which impact its bottom line. Achieving sustainable GAAP profitability remains a key challenge.

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The increasing prominence and investment in free ad-supported video on demand (AVoD) and free ad-supported streaming television (FAST) platforms. These platforms are acquiring and producing high-quality factual content, directly competing with CuriosityStream's paid subscription model by offering similar content without a direct subscription fee, potentially leading to subscriber churn from paid niche services.

The continued growth and increasing professionalization of high-quality factual and educational content creators on platforms like YouTube. As the production values and depth of content from independent creators improve, and as platforms better curate and monetize this content, it presents a compelling, often free, alternative to CuriosityStream's curated premium factual offerings, potentially fragmenting audience attention and reducing the perceived value of a dedicated paid factual streaming service.

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CuriosityStream (CURI) operates within the global streaming market, encompassing Subscription Video On-Demand (SVOD) and Advertising Video On-Demand (AVOD) services, as well as the broader video streaming industry. While a specific addressable market size solely for "factual content streaming" was not identified, the company's products and services operate within these larger streaming categories.

The global SVOD market was valued at approximately $95.5 billion in 2024, with an anticipated Compound Annual Growth Rate (CAGR) of 9.6% from 2025 to 2030. Concurrently, the global AVOD market reached an estimated $49.0 billion in 2024, with a projected CAGR of 29.2% from 2025 to 2030.

The overall global video streaming market was valued at $811.37 billion in 2025 and is projected to grow to $969.56 billion in 2026, with an anticipated further increase to $3,394.56 billion by 2034, exhibiting a CAGR of 17.00% during this forecast period. North America represented a significant portion of this market, holding a 37.70% share in 2025, and the U.S. video streaming market alone is predicted to reach an estimated value of $610.59 billion by 2032.

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Here are 3-5 expected drivers of future revenue growth for CuriosityStream (CURI) over the next 2-3 years:
  1. Growth in Content Licensing, particularly for AI Model Training: CuriosityStream anticipates significant revenue growth from its content licensing business, especially driven by demand for its extensive video and audio library for AI model training. This segment is expected to become a primary revenue stream, with management forecasting licensing revenue to surpass subscription revenue in 2026. The company highlights its nearly 2-million-hour library of factual content as a key asset for AI training fulfillments.
  2. Expansion of Subscription Business and Price Increases: While licensing is gaining prominence, the subscription business remains a crucial growth pillar. CuriosityStream expects overall subscription revenue, encompassing both retail and wholesale, to grow at an accelerated pace in 2026 compared to 2025. A price increase implemented on March 1, 2026, is also projected to contribute to future subscription revenue growth over the next year.
  3. Increased Distribution Partnerships and Platform Launches: The company plans to significantly expand its reach through new distribution partnerships and platform launches. CuriosityStream projects its roster of partners to more than double in 2026, with a potential increase of five to six times by 2027, and aims for 12 to 20 new platform launches in 2026. This expansion is expected to broaden its audience and drive revenue.
  4. Growth in Advertising Business: The advertising segment is identified as one of CuriosityStream's three complementary growth pillars. The company has recently expanded its advertising presence through launches on platforms such as Amazon, Roku, LG, and Truth+, and has introduced a branded content block on Australia TV's free-to-air broadcast channel.

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Share Repurchases

  • CuriosityStream Inc. announced a share repurchase program in June 2024 to acquire up to $4 million of its common stock.
  • In March 2026, the company's Board of Directors authorized an additional $2 million, bringing the total authorized share repurchase program to $6 million, based on full-year 2025 results.

Share Issuance

  • The number of CuriosityStream's outstanding shares increased by 5.84% in the year leading up to March 13, 2026.
  • As of Q3 2025, CuriosityStream Inc. had 58 million shares outstanding, which represented an increase of 0.6% from the prior quarter.

Outbound Investments

  • In 2021, CuriosityStream invested in Watch Nebula LLC ("Nebula"), an SVOD streaming service.
  • Also in 2021, the company partnered with Spiegel TV to expand internationally, acquiring a one-third stake in a German joint venture (Spiegel TV Geschichte und Wissen GmbH & Co.).

Capital Expenditures

  • CuriosityStream reported minimal capital expenditures, with a negative -$102,000 over the last 12 months as of March 13, 2026.
  • Capital expenditures totaled $0 in Q3 2025 and were also reported as $0 in the most recent quarter (Q4 2025 or Q3 2025 depending on source).
  • Over the past five years, the company's average Capital Expenditures as a percentage of its 10-year average was 0%.

Better Bets vs. CuriosityStream (CURI)

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Peer Comparisons

Peers to compare with:

Financials

CURIWBDAMCXNFLXFOXADISMedian
NameCuriosit.Warner B.AMC Glob.Netflix Fox Walt Dis. 
Mkt Price2.8126.1210.1476.0255.8797.4140.99
Mkt Cap0.265.10.4321.023.7172.044.4
Rev LTM7237,2102,29946,89016,20197,26326,706
Op Inc LTM-91,75122413,9373,24813,9122,500
FCF LTM122,31024311,8942,1367,1102,223
FCF 3Y Avg44,7103278,7621,8688,7883,289
CFO LTM123,55826412,6502,61615,7923,087
CFO 3Y Avg45,8653629,2992,25315,7754,059

Growth & Margins

CURIWBDAMCXNFLXFOXADISMedian
NameCuriosit.Warner B.AMC Glob.Netflix Fox Walt Dis. 
Rev Chg LTM32.3%-3.0%-3.4%16.7%0.6%3.4%2.0%
Rev Chg 3Y Avg2.0%-3.4%-9.3%13.7%3.2%3.8%2.6%
Rev Chg Q0.5%-1.0%-2.4%16.2%-8.6%6.5%-0.2%
QoQ Delta Rev Chg LTM0.1%-0.2%-0.6%3.8%-2.3%1.6%-0.1%
Op Inc Chg LTM7.0%407.5%-39.1%25.2%6.0%1.7%6.5%
Op Inc Chg 3Y Avg36.2%214.3%-26.6%37.7%6.2%25.7%30.9%
Op Mgn LTM-12.4%4.7%9.8%29.7%20.0%14.3%12.0%
Op Mgn 3Y Avg-22.7%1.3%14.1%26.7%18.9%13.6%13.8%
QoQ Delta Op Mgn LTM-2.3%1.2%-1.4%0.2%1.0%0.1%0.1%
CFO/Rev LTM17.2%9.6%11.5%27.0%16.1%16.2%16.2%
CFO/Rev 3Y Avg6.1%15.0%14.8%22.6%14.4%16.8%14.9%
FCF/Rev LTM17.2%6.2%10.6%25.4%13.2%7.3%11.9%
FCF/Rev 3Y Avg6.0%12.0%13.3%21.3%11.9%9.4%12.0%

Valuation

CURIWBDAMCXNFLXFOXADISMedian
NameCuriosit.Warner B.AMC Glob.Netflix Fox Walt Dis. 
Mkt Cap0.265.10.4321.023.7172.044.4
P/S2.31.70.26.81.51.81.8
P/Op Inc-18.637.22.023.07.312.49.8
P/EBIT-18.656.61.719.08.712.210.5
P/E-20.5-37.58.424.013.815.311.1
P/CFO13.418.31.725.49.110.912.2
Total Yield10.0%-2.7%11.9%4.2%8.4%7.0%7.7%
Dividend Yield14.8%0.0%0.0%0.0%1.2%0.5%0.3%
FCF Yield 3Y Avg-1.0%18.3%86.2%2.5%8.4%4.7%6.5%
D/E0.00.54.20.00.30.30.3
Net D/E-0.10.42.90.00.20.20.2

Returns

CURIWBDAMCXNFLXFOXADISMedian
NameCuriosit.Warner B.AMC Glob.Netflix Fox Walt Dis. 
1M Rtn1.4%-0.5%3.5%-7.5%-16.5%-1.6%-1.0%
3M Rtn-10.8%-4.7%37.4%-23.2%-5.8%1.9%-5.2%
6M Rtn-21.0%-8.4%6.7%-16.9%-25.8%-14.0%-15.4%
12M Rtn-36.4%134.9%65.4%-41.4%0.3%-20.3%-10.0%
3Y Rtn251.3%108.3%-20.3%73.5%70.3%13.3%71.9%
1M Excs Rtn-5.0%-3.0%7.6%-6.5%-12.9%-1.0%-4.0%
3M Excs Rtn-19.1%-18.9%26.9%-37.5%-19.2%-12.9%-19.0%
6M Excs Rtn-32.2%-19.5%-3.6%-29.0%-33.3%-23.8%-26.4%
12M Excs Rtn-58.1%113.9%44.4%-61.9%-18.7%-40.7%-29.7%
3Y Excs Rtn184.6%37.6%-84.9%4.6%-3.2%-59.1%0.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment725157  
Bundled Distribution   12 
Direct-to-Consumer   29 
Enterprise   6 
Library sales   6 
Other   23
Partner Direct   5 
Presales   19 
License fees    43
Subscriptions    25
Total7251577871


Operating Income by Segment
$ Mil202520242023
Single Segment-7-13-44
Total-7-13-44


Net Income by Segment
$ Mil202520242023
Single Segment-6-13-49
Total-6-13-49


Price Behavior

Price Behavior
Market Price$2.81 
Market Cap ($ Bil)0.2 
First Trading Date01/08/2020 
Distance from 52W High-44.3% 
   50 Days200 Days
DMA Price$2.81$3.51
DMA Trenddowndown
Distance from DMA0.3%-19.7%
 3M1YR
Volatility77.1%65.0%
Downside Capture217.19194.52
Upside Capture73.0097.08
Correlation (SPY)33.6%27.2%
CURI Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta2.062.301.811.691.431.13
Up Beta-1.64-0.880.200.280.440.91
Down Beta3.615.674.773.242.031.51
Up Capture259%127%114%120%101%162%
Bmk +ve Days11244067140429
Stock +ve Days9183157114348
Down Capture240%250%252%181%161%97%
Bmk -ve Days10172358112321
Stock -ve Days11213065129357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CURI
CURI-37.2%64.7%-0.46-
Sector ETF (XLC)3.6%13.7%0.0228.8%
Equity (SPY)22.2%12.5%1.3226.9%
Gold (GLD)23.7%27.8%0.759.8%
Commodities (DBC)21.2%18.6%0.901.8%
Real Estate (VNQ)12.4%13.8%0.6110.3%
Bitcoin (BTCUSD)-43.6%42.7%-1.2326.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CURI
CURI-25.2%85.3%0.02-
Sector ETF (XLC)7.5%20.7%0.2827.9%
Equity (SPY)13.5%17.1%0.6128.0%
Gold (GLD)18.1%18.3%0.804.8%
Commodities (DBC)7.3%19.5%0.276.3%
Real Estate (VNQ)2.7%18.9%0.0522.5%
Bitcoin (BTCUSD)14.2%53.6%0.4515.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CURI
CURI-10.3%81.0%0.14-
Sector ETF (XLC)9.1%22.2%0.4722.3%
Equity (SPY)15.4%18.0%0.7321.6%
Gold (GLD)12.3%16.1%0.625.4%
Commodities (DBC)5.8%18.0%0.254.7%
Real Estate (VNQ)5.4%20.7%0.2216.4%
Bitcoin (BTCUSD)58.3%66.2%0.9814.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity2.4 Mil
Short Interest: % Change Since 53120269.8%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest4.7 days
Basic Shares Quantity58.9 Mil
Short % of Basic Shares4.1%

Earnings Returns History

Updated 7/1/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/11/2026-2.1%-1.8%-3.4%
11/12/202523.9%21.8%13.1%
8/6/20250.2%-3.1%9.7%
5/6/202540.3%73.0%74.5%
3/11/202519.9%45.9%27.6%
3/21/2024-6.2%11.5%7.0%
8/14/2023-7.3%-14.9%-26.6%
5/11/2023-5.1%-12.4%-25.3%
...
SUMMARY STATS   
# Positive689
# Negative12109
Median Positive21.9%15.2%18.0%
Median Negative-7.3%-13.6%-25.3%
Max Positive40.3%73.0%74.5%
Max Negative-19.7%-27.2%-39.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/11/2026-2.1%-1.8%-3.4%
11/12/202523.9%21.8%13.1%
8/6/20250.2%-3.1%9.7%
5/6/202540.3%73.0%74.5%
3/11/202519.9%45.9%27.6%
3/21/2024-6.2%11.5%7.0%
8/14/2023-7.3%-14.9%-26.6%
5/11/2023-5.1%-12.4%-25.3%
11/9/202226.5%19.0%3.3%
8/15/2022-7.8%-27.2%-29.7%
5/12/2022-4.3%-10.2%-11.3%
3/24/2022-19.1%-20.8%-39.1%
11/9/2021-8.1%-5.4%-28.9%
8/10/202118.2%9.8%18.1%
5/11/2021-19.7%-16.1%29.9%
3/23/2021-11.5%-23.4%-18.1%
2/1/2021-7.4%0.7%-6.0%
11/13/2020-0.1%8.9%18.0%
SUMMARY STATS   
# Positive689
# Negative12109
Median Positive21.9%15.2%18.0%
Median Negative-7.3%-13.6%-25.3%
Max Positive40.3%73.0%74.5%
Max Negative-19.7%-27.2%-39.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/14/202610-Q
12/31/202503/12/202610-K
09/30/202511/13/202510-Q
06/30/202508/06/202510-Q
03/31/202505/06/202510-Q
12/31/202403/25/202510-K
09/30/202411/07/202410-Q
06/30/202408/14/202410-Q
03/31/202405/08/202410-Q
12/31/202303/25/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/11/202310-Q
12/31/202203/31/202310-K
09/30/202211/10/202210-Q
06/30/202208/15/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/14/202610-Q
12/31/202503/12/202610-K
09/30/202511/13/202510-Q
06/30/202508/06/202510-Q
03/31/202505/06/202510-Q
12/31/202403/25/202510-K
09/30/202411/07/202410-Q
06/30/202408/14/202410-Q
03/31/202405/08/202410-Q
12/31/202303/25/202410-K
09/30/202311/13/202310-Q
06/30/202308/14/202310-Q
03/31/202305/11/202310-Q
12/31/202203/31/202310-K
09/30/202211/10/202210-Q
06/30/202208/15/202210-Q
03/31/202205/16/202210-Q
12/31/202103/31/202210-K
09/30/202111/12/202110-Q
06/30/202108/13/202110-Q
03/31/202105/12/202110-Q
12/31/201905/07/202110-K/A

Recent Forward Guidance

Updated 5/31/2026

Latest: Q4 2025 Earnings Reported 3/11/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue38.00 Mil40.00 Mil42.00 Mil   
2026 Adjusted Free Cash Flow6.00 Mil7.50 Mil9.00 Mil   

Prior: Q3 2025 Earnings Reported 11/12/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Revenue18.00 Mil19.00 Mil20.00 Mil15.2% RaisedGuidance: 16.50 Mil for Q3 2025
Q4 2025 Revenue Growth27.0%34.5%42.0%   
Q4 2025 Adjusted Free Cash Flow2.50 Mil3.00 Mil3.50 Mil   
2025 Adjusted Free Cash Flow11.00 Mil12.00 Mil13.00 Mil   

Insider Activity

Updated 6/16/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hayden, Phillip BradyChief Financial OfficerHeld by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.Sell61620262.5630,40077,885182,586Form
2Keeley, Patrick J DirectSell61620262.7031,55985,156508,495Form
3Stinchcomb, Clinton LarryPresident and CEODirectBuy60120262.7825,74471,4918,251,189Form
4Stinchcomb, Clinton LarryPresident and CEODirectBuy52920262.7494,256258,6388,082,496Form
5Stinchcomb, Clinton LarryPresident and CEODirectBuy52820262.6730,00080,0407,607,162Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hayden, Phillip BradyChief Financial OfficerHeld by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.Sell61620262.5630,40077,885182,586Form
2Keeley, Patrick J DirectSell61620262.7031,55985,156508,495Form
3Stinchcomb, Clinton LarryPresident and CEODirectBuy60120262.7825,74471,4918,251,189Form
4Stinchcomb, Clinton LarryPresident and CEODirectBuy52920262.7494,256258,6388,082,496Form
5Stinchcomb, Clinton LarryPresident and CEODirectBuy52820262.6730,00080,0407,607,162Form
6Hayden, Phillip BradyChief Financial OfficerHeld by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.Sell10220263.7617,47465,662382,034Form
7Hayden, Phillip BradyChief Financial OfficerHeld by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.Sell121520254.592,0009,180546,857Form
8Cudahy, Theresa EllenCOO and SecretaryDirectSell121220254.985,76828,7022,532,187Form
9Stinchcomb, Clinton LarryPresident and CEODirectSell112520254.62100,000462,40011,180,823Form
10Stinchcomb, Clinton LarryPresident and CEODirectSell112420254.65141,206657,03211,716,245Form
11Stinchcomb, Clinton LarryPresident and CEODirectSell112420254.6012,87259,21112,232,338Form
12Stinchcomb, Clinton LarryPresident and CEODirectSell112420254.9263,674313,27613,146,614Form
13Huberman, Jonathan 211 LV LLCSell112420255.0014,11670,5806,050,845Form
14Cudahy, Theresa EllenCOO and SecretaryDirectSell112420254.9810,20050,8062,563,462Form
15Hayden, Phillip BradyChief Financial OfficerHeld by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.Sell111720254.501,3436,044545,134Form
16Cudahy, Theresa EllenCOO and SecretaryDirectSell111720254.985,55327,6482,613,218Form
17Huberman, Jonathan 211 LV LLCSell111720255.009,29146,4556,121,425Form
18Hayden, Phillip BradyChief Financial OfficerHeld by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.Sell111020253.8717,50867,70380,499Form
19Reed, Rebecca RGen CounselDirectSell111020254.064,55918,510108,702Form
20Huberman, Jonathan 211 LV LLCSell91220254.7550,000237,5005,859,486Form
21Huberman, Jonathan 211 LV LLCSell91220254.5025,000112,5005,776,092Form
22Huberman, Jonathan 211 LV LLCSell90920254.6125,000115,2376,031,881Form
23Huberman, Jonathan 211 LV LLCSell90420254.5525,000113,7686,068,704Form
24Huberman, Jonathan 211 LV LLCSell90420254.6015,80772,7506,252,710Form
25Hayden, Phillip BradyChief Financial OfficerHeld by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.Sell90220254.5616,14973,639174,762Form
26Hayden, Phillip BradyChief Financial OfficerHeld by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee.Sell90220254.4135,578157,041240,448Form
27Huberman, Jonathan 211 LV LLCSell90220254.4940,057180,0166,176,477Form
28Huberman, Jonathan 211 LV LLCSell82720254.45964276,294,258Form
29Huberman, Jonathan 211 LV LLCSell82720254.4516,22572,2016,294,685Form
30Huberman, Jonathan 211 LV LLCSell82720254.452,81512,5276,366,886Form
31Reed, Rebecca RGen CounselDirectSell82120254.072731,111127,297Form
32Hendricks, John S Hendricks Factual Media LLCSell81820253.508,050,00028,175,00042,721,658Form
33Hendricks, Andrew DirectSell61720254.802,0009,600599,438Form
34Stinchcomb, Clinton LarryPresident and CEODirectSell61720254.7080,000375,6809,419,364Form
35Hendricks, John S Hendricks Factual Media LLCSell61720254.71102,810484,45195,480,222Form
36Hendricks, Andrew DirectSell61720254.802,0009,608609,546Form
37Stinchcomb, Clinton LarryPresident and CEODirectSell61720254.68252,4861,181,0549,756,873Form
38Hendricks, John S Hendricks Factual Media LLCSell61720254.6280,000369,28894,009,577Form
39Hendricks, John S Hendricks Factual Media LLCSell61220255.11125,000638,925104,505,563Form
40Hendricks, John S Hendricks Factual Media LLCSell61220255.20150,000779,610106,913,558Form
41Hendricks, John S Hendricks Factual Media LLCSell61220255.2045,470236,667107,848,573Form
42Hendricks, John S Hendricks Factual Media LLCSell60920255.7425,000143,470119,172,236Form
43Hendricks, John S Hendricks Factual Media LLCSell60920256.0771,720435,111126,135,172Form
Core Cache Last Updated: 7/6/2026