CuriosityStream Inc.
Business
CuriosityStream Inc. is a media and entertainment company offering premium factual video and audio programming across science, history, society, nature, lifestyle and technology through subscription and licensing channels. The company operates a subscription video-on-demand service available directly to consumers and through third-party platforms including MVPDs, vMVPDs and digital distributors. Revenue sources include direct subscriptions, content licensing to media and technology companies, bundled distribution agreements with affiliate partners, and advertising and sponsorship services; the company also licenses content for AI model training. The company operates as a single reportable segment delivering premium factual content across multiple distribution channels globally.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 72 | 51 | 57 | 78 | — | |
| Cost of revenues | 31 | 25 | 36 | 52 | 37 | |
| Advertising and marketing | 14 | 14 | 17 | 41 | 52 | |
| General and administrative | 34 | 25 | 29 | 37 | 35 | |
| Total operating expenses | 79 | 64 | 101 | 133 | 124 | |
| Operating loss | −7 | −13 | −44 | −55 | −52 | |
| Change in fair value of warrant liability | 88,000 | −44,000 | 213,000 | 5 | 15 | |
| Interest and other income, net | 983,000 | 3 | — | — | — | |
| Equity method investment loss | −180,000 | −3 | −5 | −846,000 | −464,000 | |
| Loss before income taxes | −6 | −13 | −48 | −51 | −37 | |
| Provision for income taxes | 14,000 | 132,000 | 500,000 | 400,000 | 400,000 | |
| Net loss | −6 | −13 | −49 | −51 | −38 | |
| Basic (in dollars per share) | −0.11 | −0.24 | −0.92 | −0.96 | −0.73 | |
| Diluted (in dollars per share) | −0.11 | −0.24 | −0.92 | −0.96 | −1.02 | |
| Basic (in shares) | 58 | 54 | 53 | 53 | 51 | |
| Diluted (in shares) | 58 | 54 | 53 | 53 | 52 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 18 | 8 | 38 | 40 | 15 | |
| Restricted cash | 100,000 | 100,000 | 500,000 | 500,000 | 2 | |
| Short-term investments in debt and other securities | 9 | 24 | 0 | 15 | 66 | |
| Accounts receivable, net | 9 | 6 | 5 | 11 | 23 | |
| Other current assets | 1 | 1 | 2 | 3 | 6 | |
| Total current assets | 37 | 40 | 45 | 70 | 113 | |
| Investments in debt securities | 0 | 7 | 0 | — | — | |
| Investments in equity method investees | 4 | 4 | 6 | 11 | 10 | |
| Property and equipment, net | 404,000 | 520,000 | 727,000 | 1 | 1 | |
| Content assets, net | 31 | 32 | 45 | 69 | 73 | |
| Operating lease right-of-use assets | 3 | 3 | 3 | 4 | 4 | |
| Other assets | 461,000 | 257,000 | 358,000 | 539,000 | 689,000 | |
| Total assets | 76 | 86 | 101 | 154 | 218 | |
| Content liabilities | 362,000 | 282,000 | 407,000 | 3 | — | |
| Accounts payable | 9 | 6 | 5 | 6 | 3 | |
| Accrued expenses and other liabilities | 12 | 7 | 4 | 8 | 12 | |
| Deferred revenue | 8 | 11 | 15 | 14 | 22 | |
| Total current liabilities | 30 | 24 | 23 | 31 | 48 | |
| Warrant liability | 0 | 88,000 | 44,000 | 257,000 | 6 | |
| Non-current operating lease liabilities | 4 | 4 | 4 | 5 | — | |
| Other liabilities | 470,000 | 496,000 | 651,000 | 622,000 | 2 | |
| Total liabilities | 34 | 28 | 28 | 36 | 56 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Common stock, shares outstanding (in shares) | 59 | 57 | 53 | 53 | 53 | |
| Common stock, $0.0001 par value 125,000 shares authorized as of December 31, 2025, and December 31, 2024; 58,950 shares and 56,814 shares issued as of December 31, 2025 and December 31, 2024, respectively, including 216 treasury shares; 58,734 shares and 56,598 shares outstanding as of December 31, 2025 and December 31, 2024, respectively. | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
| Treasury stock | −251,000 | −300,000 | 0 | — | — | |
| Additional paid-in capital | 378 | 367 | 363 | 359 | 352 | |
| Accumulated deficit | −336 | −308 | −290 | −241 | −190 | |
| Total stockholders equity | 41 | 58 | 73 | 118 | 162 | |
| Total liabilities and stockholders equity | 76 | 86 | 101 | 154 | 218 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Change in fair value of warrant liability | −88,000 | 44,000 | −213,000 | −5 | −15 | |
| Additions to content assets | −14 | −6 | −18 | −35 | −66 | |
| Change in content liabilities | 80,000 | −125,000 | −2 | −7 | 8 | |
| Amortization of content assets | 15 | 19 | 23 | 39 | 28 | |
| Depreciation and amortization expenses | 164,000 | 339,000 | 496,000 | 699,000 | 612,000 | |
| Amortization of premiums and accretion of discounts associated with investments in debt securities, net | −517,000 | −294,000 | 26,000 | 1 | 3 | |
| Stock-based compensation | 14 | 7 | 4 | 7 | 7 | |
| Equity method investment loss | 180,000 | 3 | 5 | 846,000 | 464,000 | |
| Other non-cash items | 468,000 | 430,000 | 481,000 | 1 | 240,000 | |
| Accounts receivable | −3 | −1 | 6 | 12 | −16 | |
| Other assets | −194,000 | 1 | 855,000 | 3 | −3 | |
| Accounts payable | 4 | 843,000 | −1 | 3 | −127,000 | |
| Accrued expenses and other liabilities | 6 | 1 | −5 | −5 | 7 | |
| Deferred revenue | −3 | −4 | 270,000 | −8 | 10 | |
| Net cash provided by operating activities | 13 | 8 | −16 | −40 | −73 | |
| Purchases of property and equipment | −102,000 | 0 | −5,000 | −130,000 | −351,000 | |
| Sales of investments in debt securities | 5 | 0 | 0 | 23 | 50 | |
| Maturities of investments in debt securities | 31 | 7 | 15 | 44 | 42 | |
| Purchases of investments in debt securities | −12 | −39 | 0 | −1 | −152 | |
| Net cash provided by (used in) investing activities | 23 | −31 | 14 | 63 | −75 | |
| Repurchases of common stock | 0 | −251,000 | 0 | — | — | |
| Dividends paid | −22 | −4 | 0 | — | — | |
| Payments related to tax withholding | −4 | −3 | −123,000 | −218,000 | −454,000 | |
| Net cash used in financing activities | −26 | −7 | −123,000 | −218,000 | 148 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 10 | −30 | −2 | 23 | 163,000 | |
| Acquisition of equity investment included in accrued liabilities | 178,000 | 0 | — | — | — | |
| Cash paid for operating leases | 570,000 | 510,000 | 466,000 | 486,000 | 348,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CuriosityStream Inc.'s CIK number?
CuriosityStream Inc.'s SEC CIK number is 0001776909 (1776909). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CuriosityStream Inc.'s SEC filings?
All of CuriosityStream Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CuriosityStream Inc. last report earnings?
CuriosityStream Inc. (CURI) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-035114). This is CuriosityStream Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is CuriosityStream Inc.'s most recent earnings 8-K?
CuriosityStream Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001628280-26-035114. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CuriosityStream Inc.'s latest earnings 8-K →
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