CuriosityStream (CURI) AI Stock Analysis

• Market Cap: $234.62M
• Dividend Yield: 3.99%
• Average Volume (3M): 707.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.17
• Revenue Growth: 11.02%
• EPS Growth: 88.03%
• Country: US
• Employees: 45
• Sector: Communication Services
• Sector Strength: 94
• Industry: Broadcasting
• EPS (TTM): 0.01
• Shares Outstanding: 57,929,733
• 10 Day Avg. Volume: 886,402
• 30 Day Avg. Volume: 707,577
• PEG Ratio: 0.09
• Price to Book (P/B): 1.44
• Price to Sales (P/S): 1.63
• P/FCF Ratio: 10.23
• Enterprise Value/Market Cap: 1.28
• Enterprise Value/Revenue: 4.93
• Enterprise Value/Gross Profit: 9.30
• Enterprise Value/Ebitda: 99.11
• 1Y Price Target: $6.17
• Price Target Upside: 40.87% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 52 Neutral
• Price Target: $4.50 ▲(2.74% Upside)

CuriosityStream's overall stock score is primarily influenced by its financial challenges, including ongoing operational losses and a negative P/E ratio. However, recent improvements in cash flow and strong earnings call performance, driven by revenue growth and AI licensing, provide positive momentum. The dividend announcement and shareholder support further contribute to a cautiously optimistic outlook.

Positive Factors

Earnings

CuriosityStream reported second quarter revenues of $19.0 million, ahead of the forecast of $16.7 million.

Financial Performance

CuriosityStream has the cushion of a very clean balance sheet that includes $30 million of cash and securities and no debt.

Revenue Growth

CuriosityStream reported 2Q25 revenues of $19 million, up 53% year-over-year and 15% above the analyst's estimate.

Negative Factors

Business Risks

The softening in the Direct Business is a risk, as it is an important part of the long-term health of the business.

Revenue Challenges

Direct business revenues were down sequentially, posing a challenge in revenue generation.

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, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via the distributor's platform or system; and through bundled content licenses for SVoD and linear offerings, partner bulk sales, brand partnerships, and content sales. It offers streaming content through devices, including televisions, set-top boxes, computers, streaming media players, game consoles, and mobile devices. As of December 31, 2021, it had approximately 23 million total paying subscribers, including direct subscribers, partner direct subscribers, and bundled MVPD subscribers. The company was founded in 2015 and is based in Silver Spring, Maryland.

How the Company Makes Money

CuriosityStream makes money primarily through subscription revenue. The company offers various subscription plans to its customers, ranging from monthly to annual subscriptions, with different tiers that provide varying levels of access to its content library. Additionally, CuriosityStream generates revenue through licensing agreements, where it sells the rights to its content to third-party platforms and distributors. Significant partnerships with educational institutions and media companies also contribute to its earnings, as these partnerships often involve licensing deals or co-production agreements that help expand its content reach and generate additional income.

CuriosityStream Financial Statement Overview

Summary

CuriosityStream faces significant financial challenges, with consistent operational losses impacting income statement metrics. The balance sheet reflects a strong equity position aided by low debt, although asset decline is concerning. Recent improvements in cash flow are positive signs, but sustaining this trend will be crucial for long-term stability and growth.

Income Statement

CuriosityStream has shown fluctuating revenue growth rates with a decline in total revenue from 2022 to 2023. The company struggles with negative net profit margins and consistently negative EBIT and EBITDA margins, indicating ongoing operational challenges. Despite these issues, the gross profit margin remains relatively stable, suggesting some operational efficiency in controlling production costs.

Balance Sheet

The company's debt-to-equity ratio remains low, benefiting from minimal debt levels, while equity provides a strong base. However, a declining equity ratio over the years indicates a shrinking asset base relative to equity, potentially impacting future leverage and funding flexibility. Return on equity is negative due to persistent losses, indicating a need for improved profitability.

Cash Flow

CuriosityStream displayed improvement in operating cash flow in 2024, turning positive after years of negative figures. Free cash flow also turned positive, driven by better cash management, but past negative trends highlight a need for consistent improvement. The company has managed cash effectively despite negative net income, indicating potential for future operational improvements.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	60.84M	51.13M	56.89M	78.04M	71.26M	39.62M
Gross Profit	32.28M	25.77M	21.34M	26.51M	34.59M	24.20M
EBITDA	3.03M	6.14M	-2.10M	-10.56M	-23.99M	-29.87M
Net Income	-4.77M	-12.94M	-48.90M	-50.92M	-37.63M	-48.60M
Balance Sheet
Total Assets	78.65M	86.18M	101.02M	154.11M	217.58M	88.59M
Cash, Cash Equivalents and Short-Term Investments	6.94M	32.06M	37.72M	54.99M	81.05M	33.37M
Total Debt	24.87M	4.28M	4.28M	4.65M	0.00	0.00
Total Liabilities	28.81M	28.33M	28.38M	36.49M	55.64M	43.62M
Stockholders Equity	49.84M	57.85M	72.65M	117.63M	161.94M	44.97M
Cash Flow
Free Cash Flow	9.93M	8.15M	-16.18M	-39.65M	-73.59M	-53.88M
Operating Cash Flow	10.01M	8.15M	-16.17M	-39.52M	-73.24M	-53.51M
Investing Cash Flow	-23.10M	-31.41M	14.00M	62.70M	-74.94M	25.45M
Financing Cash Flow	-19.55M	-7.01M	-123.00K	-218.00K	148.34M	36.62M

CuriosityStream Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CURI, the sentiment is Positive. The current price of 4.38 is above the 20-day moving average (MA) of 4.37, below the 50-day MA of 4.65, and above the 200-day MA of 3.26, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 49.40 is Neutral, neither overbought nor oversold. The STOCH value of 60.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CURI.

CuriosityStream Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSP	67 Neutral	$262.35M	5.99	8.30%	―	5.25%	―
GTN	66 Neutral	$625.45M	3.80	7.23%	5.27%	7.03%	1727.49%
Sector *	64 Neutral	£1.87B	9.06	-12.54%	3.71%	1.42%	-94.34%
IHRT	58 Neutral	$310.03M	―	86.54%	―	3.18%	62.89%
EVC	54 Neutral	$217.43M	―	-75.89%	8.37%	-58.44%	-130.21%
CURI	52 Neutral	$234.62M	―	-8.32%	3.99%	11.02%	88.03%
FUBO	50 Neutral	$1.19B	13.44	25.83%	―	6.65%	―

CuriosityStream Corporate Events

CuriosityStream’s Stock Offering Completed by Hendricks

On August 14, 2025, Hendricks Factual Media LLC completed a secondary offering of CuriosityStream Inc.’s common stock, selling 7,000,000 shares with an option for an additional 1,050,000 shares, which was fully exercised by the underwriters. CuriosityStream did not sell any securities in this offering and will not receive any proceeds, as the transaction was solely for the benefit of the selling stockholder. This move reflects the company’s strategic financial management and market positioning, although it does not directly impact its financial inflow.

CuriosityStream Announces Dividend Amid Strong Revenue Growth

On August 5, 2025, CuriosityStream announced a quarterly cash dividend of $0.08 per share, payable on September 19, 2025. The company reported a 53% year-over-year revenue increase to $19 million for the second quarter of 2025, driven by AI partnerships and new service launches. This financial growth underscores CuriosityStream’s strong market positioning and operational momentum, with record net income and EBITDA, and expanded distribution agreements in Asia and Latin America.

CuriosityStream Holds Successful Annual Stockholders Meeting

On June 30, 2025, CuriosityStream Inc. held its annual stockholders meeting virtually, where 75.58% of the company’s common stock was represented. During the meeting, stockholders elected two directors, approved an increase in shares for the Omnibus Incentive Plan, ratified the appointment of Grant Thornton LLP as the independent auditor for 2025, and approved the potential adjournment of the meeting to gather more proxies if needed. All proposals were successfully passed, indicating strong shareholder support for the company’s strategic decisions.