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): $2.83Market Cap: $166.8 MilSector: Communication ServicesIndustry: Broadcasting
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal 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 capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32% Attractive cash flow generationCFO/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 expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25% Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Video Streaming. | Not profitable at operating income levelOp 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 compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 22% Key risksCURI key risks include [1] a declining core streaming business with persistent subscriber loss, Show more. |
| Attractive yieldTotal 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 capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 32% |
| Attractive cash flow generationCFO/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 expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -25% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming. Themes include Video Streaming. |
| Not profitable at operating income levelOp 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 compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 22% |
| Key risksCURI key risks include [1] a declining core streaming business with persistent subscriber loss, Show more. |
Qualitative Assessment
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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.
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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 $6 price target on the same date. This consistently positive outlook from analysts, implying significant upside potential from current price levels, helped to anchor the stock's valuation and maintain stability.
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Stock Movement Drivers
Fundamental Drivers
The -2.3% change in CURI stock from 3/31/2026 to 7/6/2026 was primarily driven by a -1.6% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7062026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.88 | 2.81 | -2.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 72 | 72 | 0.1% |
| P/S Multiple | 2.4 | 2.3 | -1.6% |
| Shares Outstanding (Mil) | 58 | 59 | -0.9% |
| Cumulative Contribution | -2.3% |
Market Drivers
3/31/2026 to 7/6/2026| Return | Correlation | |
|---|---|---|
| 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) | 12312025 | 7062026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.61 | 2.81 | -22.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 67 | 72 | 7.7% |
| P/S Multiple | 3.1 | 2.3 | -26.4% |
| Shares Outstanding (Mil) | 58 | 59 | -1.7% |
| Cumulative Contribution | -22.1% |
Market Drivers
12/31/2025 to 7/6/2026| Return | Correlation | |
|---|---|---|
| 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) | 6302025 | 7062026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.17 | 2.81 | -45.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 54 | 72 | 32.3% |
| P/S Multiple | 5.4 | 2.3 | -57.5% |
| Shares Outstanding (Mil) | 57 | 59 | -3.1% |
| Cumulative Contribution | -45.5% |
Market Drivers
6/30/2025 to 7/6/2026| Return | Correlation | |
|---|---|---|
| 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) | 6302023 | 7062026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.77 | 2.81 | 263.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 73 | 72 | -1.5% |
| P/S Multiple | 0.6 | 2.3 | 310.8% |
| Shares Outstanding (Mil) | 53 | 59 | -10.2% |
| Cumulative Contribution | 263.5% |
Market Drivers
6/30/2023 to 7/6/2026| Return | Correlation | |
|---|---|---|
| CURI | 263.5% | |
| Market (SPY) | 75.5% | 19.3% |
| Sector (XLC) | 74.7% | 16.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CURI Return | -57% | -81% | -53% | 198% | 170% | -19% | -75% |
| Peers Return | -0% | -45% | 22% | 24% | 46% | -10% | 8% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 99% |
Monthly Win Rates [3] | |||||||
| CURI Win Rate | 33% | 25% | 33% | 50% | 50% | 29% | |
| Peers Win Rate | 40% | 38% | 55% | 55% | 55% | 40% | |
| S&P 500 Win Rate | 75% | 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
| Event | CURI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.1% | -18.8% |
| % Gain to Breakeven | 25.1% | 23.1% |
| Time to Breakeven | 4 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -48.5% | -9.5% |
| % Gain to Breakeven | 94.1% | 10.5% |
| Time to Breakeven | 148 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -51.7% | -6.7% |
| % Gain to Breakeven | 107.0% | 7.1% |
| Time to Breakeven | 445 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -81.3% | -24.5% |
| % Gain to Breakeven | 434.8% | 32.4% |
| Time to Breakeven | 933 days | 427 days |
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.
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| Event | CURI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.1% | -18.8% |
| % Gain to Breakeven | 25.1% | 23.1% |
| Time to Breakeven | 4 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -48.5% | -9.5% |
| % Gain to Breakeven | 94.1% | 10.5% |
| Time to Breakeven | 148 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -51.7% | -6.7% |
| % Gain to Breakeven | 107.0% | 7.1% |
| Time to Breakeven | 445 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -81.3% | -24.5% |
| % Gain to Breakeven | 434.8% | 32.4% |
| Time to Breakeven | 933 days | 427 days |
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:
- 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.
- 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.
- 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 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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- 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.
- 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.
- 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.
- 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%.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| CuriosityStream Earnings Notes | 12/16/2025 | |
| With CuriosityStream Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 40.99 |
| Mkt Cap | 44.4 |
| Rev LTM | 26,706 |
| Op Inc LTM | 2,500 |
| FCF LTM | 2,223 |
| FCF 3Y Avg | 3,289 |
| CFO LTM | 3,087 |
| CFO 3Y Avg | 4,059 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.0% |
| Rev Chg 3Y Avg | 2.6% |
| Rev Chg Q | -0.2% |
| QoQ Delta Rev Chg LTM | -0.1% |
| Op Inc Chg LTM | 6.5% |
| Op Inc Chg 3Y Avg | 30.9% |
| Op Mgn LTM | 12.0% |
| Op Mgn 3Y Avg | 13.8% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 16.2% |
| CFO/Rev 3Y Avg | 14.9% |
| FCF/Rev LTM | 11.9% |
| FCF/Rev 3Y Avg | 12.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 72 | 51 | 57 | ||
| Bundled Distribution | 12 | ||||
| Direct-to-Consumer | 29 | ||||
| Enterprise | 6 | ||||
| Library sales | 6 | ||||
| Other | 2 | 3 | |||
| Partner Direct | 5 | ||||
| Presales | 19 | ||||
| License fees | 43 | ||||
| Subscriptions | 25 | ||||
| Total | 72 | 51 | 57 | 78 | 71 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Single Segment | -7 | -13 | -44 |
| Total | -7 | -13 | -44 |
| $ Mil | 2025 | 2024 | 2023 |
|---|---|---|---|
| Single Segment | -6 | -13 | -49 |
| Total | -6 | -13 | -49 |
Price Behavior
| Market Price | $2.81 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 01/08/2020 | |
| Distance from 52W High | -44.3% | |
| 50 Days | 200 Days | |
| DMA Price | $2.81 | $3.51 |
| DMA Trend | down | down |
| Distance from DMA | 0.3% | -19.7% |
| 3M | 1YR | |
| Volatility | 77.1% | 65.0% |
| Downside Capture | 217.19 | 194.52 |
| Upside Capture | 73.00 | 97.08 |
| Correlation (SPY) | 33.6% | 27.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.06 | 2.30 | 1.81 | 1.69 | 1.43 | 1.13 |
| Up Beta | -1.64 | -0.88 | 0.20 | 0.28 | 0.44 | 0.91 |
| Down Beta | 3.61 | 5.67 | 4.77 | 3.24 | 2.03 | 1.51 |
| Up Capture | 259% | 127% | 114% | 120% | 101% | 162% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 18 | 31 | 57 | 114 | 348 |
| Down Capture | 240% | 250% | 252% | 181% | 161% | 97% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 21 | 30 | 65 | 129 | 357 |
[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% | 0.02 | 28.8% |
| Equity (SPY) | 22.2% | 12.5% | 1.32 | 26.9% |
| Gold (GLD) | 23.7% | 27.8% | 0.75 | 9.8% |
| Commodities (DBC) | 21.2% | 18.6% | 0.90 | 1.8% |
| Real Estate (VNQ) | 12.4% | 13.8% | 0.61 | 10.3% |
| Bitcoin (BTCUSD) | -43.6% | 42.7% | -1.23 | 26.1% |
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% | 0.28 | 27.9% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 28.0% |
| Gold (GLD) | 18.1% | 18.3% | 0.80 | 4.8% |
| Commodities (DBC) | 7.3% | 19.5% | 0.27 | 6.3% |
| Real Estate (VNQ) | 2.7% | 18.9% | 0.05 | 22.5% |
| Bitcoin (BTCUSD) | 14.2% | 53.6% | 0.45 | 15.3% |
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% | 0.47 | 22.3% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 21.6% |
| Gold (GLD) | 12.3% | 16.1% | 0.62 | 5.4% |
| Commodities (DBC) | 5.8% | 18.0% | 0.25 | 4.7% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 16.4% |
| Bitcoin (BTCUSD) | 58.3% | 66.2% | 0.98 | 14.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/1/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/11/2026 | -2.1% | -1.8% | -3.4% |
| 11/12/2025 | 23.9% | 21.8% | 13.1% |
| 8/6/2025 | 0.2% | -3.1% | 9.7% |
| 5/6/2025 | 40.3% | 73.0% | 74.5% |
| 3/11/2025 | 19.9% | 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 | |||
| # Positive | 6 | 8 | 9 |
| # Negative | 12 | 10 | 9 |
| Median Positive | 21.9% | 15.2% | 18.0% |
| Median Negative | -7.3% | -13.6% | -25.3% |
| Max Positive | 40.3% | 73.0% | 74.5% |
| Max Negative | -19.7% | -27.2% | -39.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/11/2026 | -2.1% | -1.8% | -3.4% |
| 11/12/2025 | 23.9% | 21.8% | 13.1% |
| 8/6/2025 | 0.2% | -3.1% | 9.7% |
| 5/6/2025 | 40.3% | 73.0% | 74.5% |
| 3/11/2025 | 19.9% | 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% |
| 11/9/2022 | 26.5% | 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% |
| 8/10/2021 | 18.2% | 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 | |||
| # Positive | 6 | 8 | 9 |
| # Negative | 12 | 10 | 9 |
| Median Positive | 21.9% | 15.2% | 18.0% |
| Median Negative | -7.3% | -13.6% | -25.3% |
| Max Positive | 40.3% | 73.0% | 74.5% |
| Max Negative | -19.7% | -27.2% | -39.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/25/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/25/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/25/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/25/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/13/2021 | 10-Q |
| 03/31/2021 | 05/12/2021 | 10-Q |
| 12/31/2019 | 05/07/2021 | 10-K/A |
Recent Forward Guidance
Updated 5/31/2026Latest: Q4 2025 Earnings Reported 3/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 38.00 Mil | 40.00 Mil | 42.00 Mil | ||||
| 2026 Adjusted Free Cash Flow | 6.00 Mil | 7.50 Mil | 9.00 Mil | ||||
Prior: Q3 2025 Earnings Reported 11/12/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 18.00 Mil | 19.00 Mil | 20.00 Mil | 15.2% | Raised | Guidance: 16.50 Mil for Q3 2025 | |
| Q4 2025 Revenue Growth | 27.0% | 34.5% | 42.0% | ||||
| Q4 2025 Adjusted Free Cash Flow | 2.50 Mil | 3.00 Mil | 3.50 Mil | ||||
| 2025 Adjusted Free Cash Flow | 11.00 Mil | 12.00 Mil | 13.00 Mil | ||||
Insider Activity
Updated 6/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hayden, Phillip Brady | Chief Financial Officer | Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee. | Sell | 6162026 | 2.56 | 30,400 | 77,885 | 182,586 | Form |
| 2 | Keeley, Patrick J | Direct | Sell | 6162026 | 2.70 | 31,559 | 85,156 | 508,495 | Form | |
| 3 | Stinchcomb, Clinton Larry | President and CEO | Direct | Buy | 6012026 | 2.78 | 25,744 | 71,491 | 8,251,189 | Form |
| 4 | Stinchcomb, Clinton Larry | President and CEO | Direct | Buy | 5292026 | 2.74 | 94,256 | 258,638 | 8,082,496 | Form |
| 5 | Stinchcomb, Clinton Larry | President and CEO | Direct | Buy | 5282026 | 2.67 | 30,000 | 80,040 | 7,607,162 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Hayden, Phillip Brady | Chief Financial Officer | Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee. | Sell | 6162026 | 2.56 | 30,400 | 77,885 | 182,586 | Form |
| 2 | Keeley, Patrick J | Direct | Sell | 6162026 | 2.70 | 31,559 | 85,156 | 508,495 | Form | |
| 3 | Stinchcomb, Clinton Larry | President and CEO | Direct | Buy | 6012026 | 2.78 | 25,744 | 71,491 | 8,251,189 | Form |
| 4 | Stinchcomb, Clinton Larry | President and CEO | Direct | Buy | 5292026 | 2.74 | 94,256 | 258,638 | 8,082,496 | Form |
| 5 | Stinchcomb, Clinton Larry | President and CEO | Direct | Buy | 5282026 | 2.67 | 30,000 | 80,040 | 7,607,162 | Form |
| 6 | Hayden, Phillip Brady | Chief Financial Officer | Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee. | Sell | 1022026 | 3.76 | 17,474 | 65,662 | 382,034 | Form |
| 7 | Hayden, Phillip Brady | Chief Financial Officer | Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee. | Sell | 12152025 | 4.59 | 2,000 | 9,180 | 546,857 | Form |
| 8 | Cudahy, Theresa Ellen | COO and Secretary | Direct | Sell | 12122025 | 4.98 | 5,768 | 28,702 | 2,532,187 | Form |
| 9 | Stinchcomb, Clinton Larry | President and CEO | Direct | Sell | 11252025 | 4.62 | 100,000 | 462,400 | 11,180,823 | Form |
| 10 | Stinchcomb, Clinton Larry | President and CEO | Direct | Sell | 11242025 | 4.65 | 141,206 | 657,032 | 11,716,245 | Form |
| 11 | Stinchcomb, Clinton Larry | President and CEO | Direct | Sell | 11242025 | 4.60 | 12,872 | 59,211 | 12,232,338 | Form |
| 12 | Stinchcomb, Clinton Larry | President and CEO | Direct | Sell | 11242025 | 4.92 | 63,674 | 313,276 | 13,146,614 | Form |
| 13 | Huberman, Jonathan | 211 LV LLC | Sell | 11242025 | 5.00 | 14,116 | 70,580 | 6,050,845 | Form | |
| 14 | Cudahy, Theresa Ellen | COO and Secretary | Direct | Sell | 11242025 | 4.98 | 10,200 | 50,806 | 2,563,462 | Form |
| 15 | Hayden, Phillip Brady | Chief Financial Officer | Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee. | Sell | 11172025 | 4.50 | 1,343 | 6,044 | 545,134 | Form |
| 16 | Cudahy, Theresa Ellen | COO and Secretary | Direct | Sell | 11172025 | 4.98 | 5,553 | 27,648 | 2,613,218 | Form |
| 17 | Huberman, Jonathan | 211 LV LLC | Sell | 11172025 | 5.00 | 9,291 | 46,455 | 6,121,425 | Form | |
| 18 | Hayden, Phillip Brady | Chief Financial Officer | Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee. | Sell | 11102025 | 3.87 | 17,508 | 67,703 | 80,499 | Form |
| 19 | Reed, Rebecca R | Gen Counsel | Direct | Sell | 11102025 | 4.06 | 4,559 | 18,510 | 108,702 | Form |
| 20 | Huberman, Jonathan | 211 LV LLC | Sell | 9122025 | 4.75 | 50,000 | 237,500 | 5,859,486 | Form | |
| 21 | Huberman, Jonathan | 211 LV LLC | Sell | 9122025 | 4.50 | 25,000 | 112,500 | 5,776,092 | Form | |
| 22 | Huberman, Jonathan | 211 LV LLC | Sell | 9092025 | 4.61 | 25,000 | 115,237 | 6,031,881 | Form | |
| 23 | Huberman, Jonathan | 211 LV LLC | Sell | 9042025 | 4.55 | 25,000 | 113,768 | 6,068,704 | Form | |
| 24 | Huberman, Jonathan | 211 LV LLC | Sell | 9042025 | 4.60 | 15,807 | 72,750 | 6,252,710 | Form | |
| 25 | Hayden, Phillip Brady | Chief Financial Officer | Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee. | Sell | 9022025 | 4.56 | 16,149 | 73,639 | 174,762 | Form |
| 26 | Hayden, Phillip Brady | Chief Financial Officer | Held by P. Brady Hayden Revocable Trust, of which Mr. Hayden is the trustee. | Sell | 9022025 | 4.41 | 35,578 | 157,041 | 240,448 | Form |
| 27 | Huberman, Jonathan | 211 LV LLC | Sell | 9022025 | 4.49 | 40,057 | 180,016 | 6,176,477 | Form | |
| 28 | Huberman, Jonathan | 211 LV LLC | Sell | 8272025 | 4.45 | 96 | 427 | 6,294,258 | Form | |
| 29 | Huberman, Jonathan | 211 LV LLC | Sell | 8272025 | 4.45 | 16,225 | 72,201 | 6,294,685 | Form | |
| 30 | Huberman, Jonathan | 211 LV LLC | Sell | 8272025 | 4.45 | 2,815 | 12,527 | 6,366,886 | Form | |
| 31 | Reed, Rebecca R | Gen Counsel | Direct | Sell | 8212025 | 4.07 | 273 | 1,111 | 127,297 | Form |
| 32 | Hendricks, John S | Hendricks Factual Media LLC | Sell | 8182025 | 3.50 | 8,050,000 | 28,175,000 | 42,721,658 | Form | |
| 33 | Hendricks, Andrew | Direct | Sell | 6172025 | 4.80 | 2,000 | 9,600 | 599,438 | Form | |
| 34 | Stinchcomb, Clinton Larry | President and CEO | Direct | Sell | 6172025 | 4.70 | 80,000 | 375,680 | 9,419,364 | Form |
| 35 | Hendricks, John S | Hendricks Factual Media LLC | Sell | 6172025 | 4.71 | 102,810 | 484,451 | 95,480,222 | Form | |
| 36 | Hendricks, Andrew | Direct | Sell | 6172025 | 4.80 | 2,000 | 9,608 | 609,546 | Form | |
| 37 | Stinchcomb, Clinton Larry | President and CEO | Direct | Sell | 6172025 | 4.68 | 252,486 | 1,181,054 | 9,756,873 | Form |
| 38 | Hendricks, John S | Hendricks Factual Media LLC | Sell | 6172025 | 4.62 | 80,000 | 369,288 | 94,009,577 | Form | |
| 39 | Hendricks, John S | Hendricks Factual Media LLC | Sell | 6122025 | 5.11 | 125,000 | 638,925 | 104,505,563 | Form | |
| 40 | Hendricks, John S | Hendricks Factual Media LLC | Sell | 6122025 | 5.20 | 150,000 | 779,610 | 106,913,558 | Form | |
| 41 | Hendricks, John S | Hendricks Factual Media LLC | Sell | 6122025 | 5.20 | 45,470 | 236,667 | 107,848,573 | Form | |
| 42 | Hendricks, John S | Hendricks Factual Media LLC | Sell | 6092025 | 5.74 | 25,000 | 143,470 | 119,172,236 | Form | |
| 43 | Hendricks, John S | Hendricks Factual Media LLC | Sell | 6092025 | 6.07 | 71,720 | 435,111 | 126,135,172 | Form |
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