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CuriosityStream Inc. 10-Q Filings

CURI NASDAQ

Every 10-Q that CuriosityStream Inc. (CURI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow CURI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CURI filings page.

Rhea-AI Summary

CuriosityStream Inc. reported significantly stronger results for the quarter ended June 30, 2026. Total revenue was $23.2 million, up 22% year over year, driven by a 48% increase in licensing revenue to $14.1 million, including AI data licensing and a large long-term content license tied to the Curiosity Brands disposition. Subscription revenue declined 5% to $8.9 million as subscriber counts fell, partly offset by higher average revenue per user after March 2026 price increases.

Operating expenses fell 24% to $14.1 million, mainly from lower distribution and marketing costs, producing operating income of $9.2 million versus $0.5 million a year ago. Net income rose to $8.9 million ($0.15 diluted EPS) from $0.8 million. For the first half, revenue grew 13% to $38.4 million and net income reached $7.6 million.

Cash generation was weaker: operating cash flow was an outflow of $3.0 million versus a $4.7 million inflow in the prior-year period, pressured by working capital swings and content spending. Cash, cash equivalents and restricted cash declined to $5.4 million from $18.4 million at year-end, after $9.9 million in dividends and $0.9 million of share repurchases. The company added a $10 million undrawn secured revolving credit facility, continued heavy investment in content assets of $32.5 million, and closed a small sale of non-core Curiosity Brands while locking in a $10 million long-term content license and ongoing service fees.

Rhea-AI Summary

CuriosityStream Inc. reported relatively flat revenue but moved back into a small loss for the quarter. Revenue for the three months ended March 31, 2026 was $15.2 million, essentially unchanged from $15.1 million a year earlier, as lower subscription revenue was offset by higher licensing, including sizable trade and barter deals.

The company posted a net loss of $1.3 million, versus net income of $0.3 million in the prior-year quarter, largely due to a 31% rise in general and administrative expenses driven by higher stock-based compensation. Content amortization and other cost of revenues were stable to slightly higher, while distribution costs fell as music and AI revenue-share fees declined.

CuriosityStream generated $1.2 million of operating cash flow and ended the quarter with $17.0 million in cash, cash equivalents and restricted cash, plus about $7.0 million in short- and long-term debt securities. It continued quarterly cash dividends and share repurchases, and added a new $10 million senior secured revolving credit facility with Citibank, providing additional liquidity. After quarter-end, partners exercised put options that will require CuriosityStream to acquire the remaining 68% of its Spiegel Venture affiliate for $1.9 million, to be funded from cash on hand.

Rhea-AI Summary

CuriosityStream (CURI) reported Q3 2025 results. Revenue was $18.4 million, up 46% year over year, driven by Content Licensing, with library sales of $8.7 million (47% of revenue). Direct-to-Consumer fell 27% to $5.7 million, while Partner Direct rose 32% to $2.6 million.

The company posted an operating loss of $4.5 million versus $3.3 million a year ago and a net loss of $3.7 million versus $3.1 million, as general and administrative expenses increased to $11.8 million, including $7.0 million of stock-based compensation in the quarter. Year to date, revenue reached $52.5 million and net loss improved to $2.6 million.

Cash and cash equivalents were $14.1 million as of September 30, 2025, and operating cash flow for the nine months was $9.1 million. Outstanding shares were 58,081,000 as of September 30, 2025, and 58,298,507 as of November 7, 2025. Subsequent to quarter end, the Board declared a quarterly cash dividend of $0.08 per share payable December 19, 2025, and all public and private warrants expired on October 14, 2025.