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CuriosityStream
(NASDAQ:CURI)
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Rating:63Neutral
Price Target:
$2.50
▲(6.38% Upside)
Action:Reiterated
Date:07/07/26
CURI scores in the low-to-mid 60s primarily due to improving financial quality (stronger gross margins, positive free cash flow, and low leverage) and upbeat FY2026 guidance centered on licensing-driven growth. The score is held back by continued operating/net losses and a technically mixed chart (below key longer-term moving averages with only neutral momentum). Valuation is supported by a very high dividend yield, but the negative P/E underscores that profitability is still not established.
Positive Factors
Improved margins and cash generation
Sustained gross-margin expansion (~57%) and positive TTM operating and free cash flow ($12.3M) indicate durable unit economics and improved working-capital discipline. Consistent cash generation reduces refinancing risk, funds reinvestment and licensing pilots, and supports capital returns over the medium term.
Negative Factors
Ongoing operating and net losses
Despite margin and cash improvements, the company remains loss-making at operating and net levels, with negative ROE reflecting cumulative dilution of shareholder value. Persistent losses constrain reinvestment capacity, may limit long-term dividend sustainability, and heighten sensitivity to revenue setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved margins and cash generation
Sustained gross-margin expansion (~57%) and positive TTM operating and free cash flow ($12.3M) indicate durable unit economics and improved working-capital discipline. Consistent cash generation reduces refinancing risk, funds reinvestment and licensing pilots, and supports capital returns over the medium term.
Read all positive factors
CuriosityStream (CURI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$166.01M
Dividend Yield15.15%
Average Volume (3M)366.29K
Price to Earnings (P/E)14000.0
Beta (1Y)1.00
Revenue Growth32.29%
EPS Growth-0.15%
CountryUS
Employees42
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)<0.01
Shares Outstanding59,287,600
10 Day Avg. Volume347,633
30 Day Avg. Volume366,285
Financial Highlights & Ratios
PEG Ratio0.64
Price to Book (P/B)5.28
Price to Sales (P/S)3.06
P/FCF Ratio16.91
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$5.33Price Target Upside126.95% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.08
Revenue Forecast (FY)$78.01M
CuriosityStream Business Overview & Revenue Model
Company Description
CuriosityStream, Inc. (CURI) is a streaming media company focused on factual and non-fiction video programming. It operates a direct-to-consumer subscription video-on-demand (SVOD) service that distributes documentaries and related content across ...
How the Company Makes Money
CuriosityStream generates revenue primarily through (1) subscription fees from consumers who pay for access to its SVOD service (typically offered through monthly and annual plans, and may be sold directly or via app stores/platform billing); (2) ...
CuriosityStream Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call presents a strongly positive operational and financial inflection: record revenue, EBITDA, net income, and materially improved margins driven by 48% YoY licensing growth, ~24% OpEx reduction, and productization for AI/LLM monetization. Offsetting risks include flat subscription revenue, the lumpy nature of licensing deals and conservative H2 EBITDA guidance (H2 guide below the Q2 run rate), and near-term cash impacts from dividends and JV consolidation. Overall, the positives (record profitability, margin expansion, diversified licensing pillars and AI-focused productization) materially outweigh the manageable risks and conservatively framed guidance.Positive Updates
Record Quarterly Financial Performance
Revenue of $23.2M in Q2 2026, up 22% year-over-year (from ~$19.0M); record net income of $8.9M (Q2), up ~1,133% YoY; Q2 EPS of $0.15.
Negative Updates
Flat Subscription Revenue
Subscription revenue was approximately $8.9M in Q2, roughly equivalent to the comparable quarter in 2025 (flat YoY) — indicating limited near-term growth in the recurring consumer business.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Financial Performance
Revenue of $23.2M in Q2 2026, up 22% year-over-year (from ~$19.0M); record net income of $8.9M (Q2), up ~1,133% YoY; Q2 EPS of $0.15.
Read all positive updates
Company Guidance
Management guided second‑half 2026 revenue of $38–$41 million and full‑year 2026 revenue of $77–$82 million, with second‑half adjusted EBITDA of $6–$10 million and full‑year adjusted EBITDA of $18–$22 million. They expect year‑end cash and investments of $17–$22 million (Q2 cash and securities were $10.9M), have no outstanding debt, and continue a quarterly dividend of $0.085 per share (June dividend paid $5M, implied ≈12% yield at yesterday’s close); in Q2 they repurchased $600k of shares and prepaid $2M to consolidate the German JV. Management emphasized continued cost discipline—total operating expenses were down ~24% year‑over‑year and they expect an additional ~18–20% OpEx reduction in H2 vs H1—and reiterated the longer‑term objective of building $100M+ of reliable recurring annualized revenue.CuriosityStream Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
72
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.96M | 71.66M | 51.13M | 56.89M | 78.04M | 71.26M |
| Gross Profit | 47.82M | 40.55M | 25.77M | 21.34M | 26.51M | 34.59M |
| EBITDA | 19.82M | 8.26M | 6.66M | -24.99M | -10.56M | -8.78M |
| Net Income | 24.00K | -6.43M | -12.94M | -48.90M | -50.92M | -37.63M |
Balance Sheet | ||||||
| Total Assets | 67.47M | 75.73M | 86.18M | 101.02M | 154.11M | 217.58M |
| Cash, Cash Equivalents and Short-Term Investments | 5.38M | 18.32M | 32.06M | 37.72M | 54.99M | 81.05M |
| Total Debt | 4.73M | 3.89M | 4.28M | 4.28M | 4.65M | 0.00 |
| Total Liabilities | 26.00M | 34.24M | 28.33M | 28.38M | 36.49M | 55.64M |
| Stockholders Equity | 41.46M | 41.49M | 57.85M | 72.65M | 117.63M | 161.94M |
Cash Flow | ||||||
| Free Cash Flow | 5.37M | 12.96M | 8.15M | -16.18M | -39.65M | -73.59M |
| Operating Cash Flow | 5.40M | 13.06M | 8.15M | -16.17M | -39.52M | -73.24M |
| Investing Cash Flow | 16.48M | 23.15M | -31.41M | 14.00M | 62.70M | -74.94M |
| Financing Cash Flow | -23.44M | -25.78M | -7.01M | -123.00K | -218.00K | 148.34M |
CuriosityStream Technical Analysis
Positive
2.35
Price Trends
2.64
Positive
2.82
Negative
3.23
Negative
Market Momentum
0.04
Negative
62.40
Neutral
90.96
Negative
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 2.35 is below the 20-day moving average (MA) of 2.57, below the 50-day MA of 2.64, and below the 200-day MA of 3.23, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 62.40 is Neutral, neither overbought nor oversold. The STOCH value of 90.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CURI.
CuriosityStream Risk Analysis
CuriosityStream disclosed 59 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $503.63M | -10.30 | -0.94% | 8.04% | -11.30% | -138.09% | |
63 Neutral | $166.01M | 14,000.00 | -18.46% | 18.05% | 32.29% | -0.15% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | $1.06B | -7.59 | -9.15% | ― | 1.70% | ― | |
50 Neutral | $62.75M | -7.12 | -5.57% | 11.66% | -4.10% | -343.54% | |
46 Neutral | $78.30M | -1.15 | -103.24% | ― | 16.94% | -225.18% | |
45 Neutral | $303.00M | -0.24 | -127.81% | ― | -14.18% | -2948.71% |
* Communication Services Sector Average
CURI
CuriosityStream
2.80
-0.97
-25.79%
SSP
E. W. Scripps Company Class A
3.39
0.32
10.42%
GTN
Gray Media
4.84
-0.66
-12.05%
SGA
Saga Communications
10.15
-1.75
-14.74%
FUBO
fuboTV
9.70
-35.42
-78.50%
MDIA
Mediaco Holding
0.99
-0.33
-25.00%
CuriosityStream Corporate Events
Business Operations and StrategyM&A Transactions
CuriosityStream Gains Full Ownership of German Operations
Positive
Jul 7, 2026
On July 7, 2026, CuriosityStream Inc. completed the acquisition of the remaining ownership interests in its German operations from longtime partners SPIEGEL TV and Autentic, giving the U.S.-based factual media group full control of its largest non...
Business Operations and StrategyFinancial Disclosures
CuriosityStream Secures New Deals to Boost Revenue
Positive
Jul 1, 2026
During the second quarter of 2026, Curiosity, Inc., the wholly owned subsidiary of CuriosityStream, entered into new third-party agreements that are expected to generate more than $10 million in revenue, signaling a meaningful boost to its top lin...
Executive/Board ChangesShareholder Meetings
CuriosityStream Shareholders Back Governance, Reject Incentive Share Increase
Positive
May 21, 2026
On May 20, 2026, CuriosityStream held its annual stockholders’ meeting in virtual format, with approximately 74.82% of outstanding common shares represented, establishing a quorum. Stockholders elected three Class III directors to terms expi...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
CuriosityStream boosts dividend amid steady revenue, cash flow
Positive
May 14, 2026
On May 14, 2026, CuriosityStream reported first-quarter 2026 revenue of $15.2 million, up slightly from a year earlier, with gross margin improving to 56.1% and the company delivering its fifth consecutive quarter of positive adjusted EBITDA and n...
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.