CURI CuriosityStream Inc.

Overview and Growth

In fiscal 2025, CuriosityStream Inc. recorded $71.66M of revenue, net loss of $6.43M, and an operating cash inflow of $13.06M. The $71.66M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 40.1% from $51.13M in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was -$0.11, which connects the reported earnings outcome with the company’s diluted share count. A diluted share base of 57.66M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. Total assets stood at $75.73M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.95x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was an operating loss of $7.30M, reflecting costs that exceeded gross profit. Relative to revenue, the operating deficit measured 10.2%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $6.43M for the fiscal year. The net loss equaled 9.0% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $6.41M, before the effect of income taxes. Pretax margin was -8.9%, reflecting a pre-tax loss equal to 8.9% of revenue. The company recognized $14.00K of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 15.5% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 8.5%. The net loss narrowed to $6.43M from $12.94M in fiscal 2024.

Liquidity and Capital Structure

At period end, the $75.73M asset base was financed through $34.24M of liabilities and $41.49M of equity. At period end, current assets of $37.44M compared with current liabilities of $30.31M, defining the company’s short-term resource position. At 1.23x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $18.32M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 60.4% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled 54.8% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 45.2%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 24.2% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $86.18M in fiscal 2024, the current asset base moved 12.1% and finished lower. Book equity was 28.3% lower than fiscal 2024 equity of $57.85M, showing how shareholder capital changed year over year. Cash and equivalents were 134.1% higher than fiscal 2024 cash of $7.83M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $13.06M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $102.00K, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 0.8% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $12.96M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 18.1%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 17.1% of total assets, relating post-investment cash generation to the company’s resource base. The operating cash outcome moved from $8.15M in fiscal 2024 to $13.06M, ending above the prior-year level.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.