CuriosityStream (CURI)
NASDAQ:CURI
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CuriosityStream
(NASDAQ:CURI)
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Rating:60Neutral
Price Target:
$3.00
▼(-5.06% Downside)
Action:ReiteratedDate:03/12/26
The score is driven primarily by improving financial performance—especially the shift to sustained positive operating and free cash flow—supported by a constructive earnings call highlighting revenue growth and an adjusted EBITDA turnaround. These positives are tempered by weak technical trends and the lack of GAAP profitability (reflected in the negative P/E), despite an unusually high dividend yield.
Positive Factors
Strengthening free cash flow
CuriosityStream’s material swing to positive operating cash flow and roughly $13M of free cash flow is a durable fundamental improvement. Strong FCF supports dividends, buybacks, and reinvestment in content/licensing, improving financial flexibility and lowering refinancing risk over the next several quarters.
Negative Factors
GAAP profitability not yet achieved
Despite operational progress, the company remains GAAP-loss making. Persistent accounting losses constrain retained earnings, hinder ROE recovery, and limit the demonstrated ability to sustainably convert improved adjusted metrics into long-term GAAP profitability and shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthening free cash flow
CuriosityStream’s material swing to positive operating cash flow and roughly $13M of free cash flow is a durable fundamental improvement. Strong FCF supports dividends, buybacks, and reinvestment in content/licensing, improving financial flexibility and lowering refinancing risk over the next several quarters.
Read all positive factors
CuriosityStream (CURI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$186.36M
Dividend Yield8.59%
Average Volume (3M)394.64K
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue Growth28.62%
EPS Growth65.54%
CountryUS
Employees45
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)-0.07
Shares Outstanding58,974,340
10 Day Avg. Volume295,736
30 Day Avg. Volume394,640
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)5.28
Price to Sales (P/S)3.06
P/FCF Ratio16.91
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue2.52
Enterprise Value/Gross Profit4.45
Enterprise Value/Ebitda24.48
Forecast
1Y Price Target
$5.75Price Target Upside81.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.02
Revenue Forecast (FY)$80.73M
CuriosityStream Business Overview & Revenue Model
Company Description
CuriosityStream Inc. operates as a factual content streaming service and media company. The company provides premium video programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle,...
How the Company Makes Money
CuriosityStream generates revenue primarily by monetizing its non-fiction video catalog through a mix of direct subscriptions and licensing/distribution. A core stream is subscription revenue from consumers who pay recurring fees to access Curiosi...
CuriosityStream Earnings Call Summary
Earnings Call Date:Mar 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
Earnings Call Sentiment Positive
The call communicated strong operating momentum driven by rapid licensing growth, significant revenue and free-cash-flow expansion (40% revenue growth, 46% FCF growth), margin improvement to 60% in Q4, an adjusted EBITDA turnaround, and a healthy balance sheet with dividends and buyback authorization. Key risks include remaining GAAP net loss influenced by large noncash stock-based compensation, higher storage/delivery costs, lumpy licensing revenue recognition that reduces short-term predictability, and some inconsistency between the numeric guidance and management commentary. On balance, the positive operational and financial progress considerably outweighs the negatives.Positive Updates
Strong Full-Year Revenue Growth
Full year 2025 revenue grew 40% year-over-year to $71,700,000 from $51,100,000 in 2024.
Negative Updates
GAAP Net Loss Remains Negative
Full-year 2025 net loss was $6,400,000, although improved from a $12,900,000 loss in 2024 (over 50% improvement); company attributes much of the remaining loss to one-time and noncash items.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year Revenue Growth
Full year 2025 revenue grew 40% year-over-year to $71,700,000 from $51,100,000 in 2024.
Read all positive updates
Company Guidance
Management guided 2026 revenue of $38.0M–$42.0M and adjusted free cash flow of $6.0M–$9.0M, reiterated expectations for double‑digit growth in both revenue and cash flow and that licensing revenue will exceed subscription revenue in 2026, while subscription revenue is expected to grow low‑ to mid‑single digits (price increase rolled out March 1 and will take ~12 months to fully implement, with an initial ~3–5% first‑month impact); they said full‑year positive GAAP earnings is achievable, plan to pay 2026 dividends from operating cash (current dividend yield >10% and adjusted FCF yield >8% based on recent share price), ended 2025 with ~$27.3M cash and securities and no debt, increased the buyback authorization to $6.0M, noted deals can be lumpy with a 4–6 month revenue cycle, and expect to narrow guidance in Q2 as visibility improves.CuriosityStream Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
62
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 71.66M | 51.13M | 56.89M | 78.04M | 71.26M |
| Gross Profit | 40.55M | 25.77M | 21.34M | 26.51M | 34.59M |
| EBITDA | 7.37M | 6.14M | -2.10M | -11.69M | -23.99M |
| Net Income | -6.43M | -12.94M | -48.90M | -50.92M | -37.63M |
Balance Sheet | |||||
| Total Assets | 75.73M | 86.18M | 101.02M | 154.11M | 217.58M |
| Cash, Cash Equivalents and Short-Term Investments | 18.32M | 32.06M | 37.72M | 54.99M | 81.05M |
| Total Debt | 12.43M | 4.28M | 4.28M | 4.65M | 0.00 |
| Total Liabilities | 34.24M | 28.33M | 28.38M | 36.49M | 55.64M |
| Stockholders Equity | 41.49M | 57.85M | 72.65M | 117.63M | 161.94M |
Cash Flow | |||||
| Free Cash Flow | 12.96M | 8.15M | -16.18M | -39.65M | -73.59M |
| Operating Cash Flow | 13.06M | 8.15M | -16.17M | -39.52M | -73.24M |
| Investing Cash Flow | 23.15M | -31.41M | 14.00M | 62.70M | -74.94M |
| Financing Cash Flow | -25.78M | -7.01M | -123.00K | -218.00K | 148.34M |
CuriosityStream Technical Analysis
Negative
3.16
Price Trends
3.21
Negative
3.60
Negative
4.00
Negative
Market Momentum
-0.02
Negative
49.60
Neutral
73.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CURI, the sentiment is Negative. The current price of 3.16 is above the 20-day moving average (MA) of 3.14, below the 50-day MA of 3.21, and below the 200-day MA of 4.00, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.60 is Neutral, neither overbought nor oversold. The STOCH value of 73.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CURI.
CuriosityStream Risk Analysis
CuriosityStream disclosed 58 risk factors in its most recent earnings report. CuriosityStream reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CuriosityStream Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $186.36M | -34.09 | -13.07% | 8.59% | 28.62% | 65.54% | |
53 Neutral | $605.83M | -5.52 | -3.00% | 6.45% | -3.32% | -69.63% | |
52 Neutral | $375.69M | -3.48 | 1.81% | ― | -3.27% | 86.01% | |
52 Neutral | $75.86M | -8.92 | -6.46% | 8.81% | -0.77% | -93.46% | |
49 Neutral | $1.27B | 5.65 | 41.79% | ― | 1.70% | ― | |
47 Neutral | $62.12M | -0.69 | -84.51% | ― | 83.96% | -73.70% |
* Communication Services Sector Average
CURI
CuriosityStream
3.16
0.90
39.82%
SSP
E. W. Scripps Company Class A
4.11
2.07
101.47%
GTN
Gray Television
5.27
2.14
68.10%
SGA
Saga Communications
11.78
1.29
12.32%
FUBO
fuboTV
11.70
-22.50
-65.79%
MDIA
Mediaco Holding
0.76
-0.40
-34.48%
CuriosityStream Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
CuriosityStream Delivers Strong 2025 Results and Outlook
Positive
Mar 12, 2026
CuriosityStream reported strong fourth-quarter and full-year 2025 results on March 11, 2026, with revenue for 2025 rising 40% to $71.7 million and gross margin improving to 57%, while narrowing its net loss and generating record operating cash flo...
Business Operations and StrategyExecutive/Board Changes
CuriosityStream Appoints Chief Commercial Officer to Drive Growth
Positive
Feb 5, 2026
On February 5, 2026, CuriosityStream created the new executive role of Chief Commercial Officer and appointed industry veteran John T. Vilade to the position, reporting directly to President and CEO Clint Stinchcomb. Vilade, who brings more than 3...
Business Operations and StrategyDividends
CuriosityStream Declares Dividend, Highlights AI Licensing Growth
Positive
Feb 4, 2026
On January 28, 2026, CuriosityStream’s board declared a $0.08 quarterly dividend payable March 20 to shareholders of record March 6, underscoring continued free-cash-flow strength and expanding AI-driven data licensing revenue. Management em...
Business Operations and StrategyDividendsFinancial Disclosures
CuriosityStream Reaffirms 2025 Outlook, Highlights Strong Cash Generation
Positive
Jan 8, 2026
On January 8, 2026, CuriosityStream reiterated its previously issued financial outlook for the fourth quarter and full year 2025, signaling confidence in its growth trajectory and operational execution. For the quarter ended December 31, 2025, the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.