CuriosityStream (CURI) AI Stock Analysis

• Market Cap: $326.05M
• Dividend Yield: 1.59%
• Average Volume (3M): 979.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• Revenue Growth: -4.04%
• EPS Growth: 84.17%
• Country: US
• Employees: 45
• Sector: Communication Services
• Sector Strength: 86
• Industry: Broadcasting
• EPS (TTM): 0.01
• Shares Outstanding: 57,708,220
• 10 Day Avg. Volume: 738,085
• 30 Day Avg. Volume: 979,839
• PEG Ratio: -1.53
• Price to Book (P/B): 4.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 34.85
• Enterprise Value/Market Cap: 0.86
• Enterprise Value/Revenue: 1.31
• Enterprise Value/Gross Profit: 10.89
• Enterprise Value/Ebitda: 30.69
• 1Y Price Target: $5.40
• Price Target Upside: -7.22% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 61 Neutral
• Price Target: $6.00 ▲(3.09%Upside)

CuriosityStream's overall score of 61.45 reflects a mix of improving financial performance, positive technical trends, and encouraging earnings call outcomes. The main strengths are recent cash flow improvements and strategic financial decisions, while valuation concerns and historical profitability issues remain challenges.

Positive Factors

Financial Performance

CURI reported a positive net income after tax for the first time in its history.

Financial Stability

The company has a clean balance sheet with $30 million in cash and no debt, providing financial stability.

Revenue Growth

CURI's revenue grew by 26%, driven by licensing of films and TV programs for AI training and media distribution.

Negative Factors

Price Increase Limitation

Macro uncertainty limits the ability to institute additional price increases.

Revenue Risk

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

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 generates revenue primarily through its subscription-based model. Users pay a monthly or annual fee to access its extensive library of non-fiction content. The company offers different subscription tiers, providing various levels of access and features, enabling it to cater to a wide range of customer preferences and budgets. Additionally, CuriosityStream may engage in licensing agreements to distribute its content through third-party platforms or networks, expanding its reach and securing additional revenue streams. Strategic partnerships with educational institutions, organizations, and businesses also contribute to its earnings by facilitating content distribution in bulk or through tailored packages. Advertising and sponsorships may also play a role, though they are not the primary revenue drivers for the company's direct-to-consumer model.

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
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
51.13M	56.89M	78.04M	71.26M	39.62M
	Gross Profit
25.77M	21.34M	26.51M	34.59M	24.20M
	EBIT
-13.33M	-25.50M	-51.68M	-52.48M	-38.80M
	EBITDA
6.66M	-2.10M	-10.56M	-23.99M	-29.87M
	Net Income Common Stockholders
-12.94M	-48.90M	-50.92M	-37.63M	-48.60M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
32.06M	37.72M	54.99M	81.05M	33.37M
	Total Assets
86.18M	101.02M	154.11M	217.58M	88.59M
	Total Debt
4.28M	4.28M	4.65M	0.00	0.00
	Net Debt
-3.54M	-33.43M	-35.36M	-15.22M	-11.20M
	Total Liabilities
28.33M	28.38M	36.49M	55.64M	43.62M
	Stockholders Equity
57.85M	72.65M	117.63M	161.94M	44.97M
Cash Flow		Free Cash Flow
8.15M	-16.18M	-39.65M	-73.59M	-53.88M
	Operating Cash Flow
8.15M	-16.17M	-39.52M	-73.24M	-53.51M
	Investing Cash Flow
-31.41M	14.00M	62.70M	-74.94M	25.45M
	Financing Cash Flow
-7.01M	-123.00K	-218.00K	148.34M	36.62M

CuriosityStream Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 5.82 is below the 20-day moving average (MA) of 6.09, above the 50-day MA of 4.29, and above the 200-day MA of 2.58, indicating a neutral trend. The MACD of 0.51 indicates Positive momentum. The RSI at 55.29 is Neutral, neither overbought nor oversold. The STOCH value of 7.61 is Positive, 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
FUBO	73 Outperform	$1.16B	17.40	21.67%	―	13.18%	―
SSP	68 Neutral	$189.45M	2.34	11.23%	―	6.28%	―
GTN	68 Neutral	$428.00M	1.65	9.92%	8.40%	9.08%	―
CURI	61 Neutral	$326.05M	―	-12.13%	1.59%	-4.04%	84.17%
Sector *	61 Neutral	$14.60B	5.88	-4.32%	3.68%	2.75%	-30.55%
EVC	54 Neutral	$189.23M	―	-82.15%	9.62%	-66.94%	-52.19%
IHRT	53 Neutral	$204.69M	―	86.54%	―	3.31%	-39.47%

CuriosityStream Corporate Events

CuriosityStream Announces Special Cash Dividend

On May 8, 2025, CuriosityStream Inc. announced a special cash dividend of $0.10 per share, payable on June 27, 2025, as a reflection of the company’s strong financial position and future prospects. This decision highlights the company’s commitment to returning value to shareholders and marks a significant milestone following its achievement of positive net income and EBITDA for the quarter ended March 31, 2025.

CuriosityStream Reports First-Ever Positive Net Income

On May 6, 2025, CuriosityStream announced its first-ever positive net income for Q1 2025, with a 26% year-over-year increase in revenue to $15.1 million. The company also reported a significant improvement in net income and adjusted EBITDA, alongside a 100% increase in its annual dividend program to $0.32. This financial milestone reflects CuriosityStream’s growth trajectory and its efforts to reward shareholders, while expanding its content offerings and market presence.

CuriosityStream Corrects 2024 Earnings Call Error

On March 11, 2025, CuriosityStream Inc. clarified an error from its fourth quarter and full year 2024 earnings call, correcting that licensing revenue is expected to be more than half of its direct subscription revenue in 2025, aligning with previous statements and strategic forecasts. This correction ensures accurate communication with stakeholders and reflects the company’s strategic planning, though it highlights the inherent risks and uncertainties in forward-looking statements, as well as the competitive nature of the industry.