Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data CuriosityStream Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
18
39.6
71.3
78
56.9
51.1
71.7
Cost of revenue
1.2
Gross profit
70.1
Selling and marketing
41.5
42.2
52.2
40.7
17.4
14.4
14
General and administrative
14.3
20.9
34.9
37.5
29.4
24.7
33.8
Operating expenses
62.6
78.4
124
133
101
64.5
79
Operating income
-44.6
-38.8
-52.5
-55.3
-44.5
-13.3
-7.3
Interest income
2.07
0.5
0.49
Pre-tax income
-42.5
-48.4
-37.3
-50.6
-48.4
-12.8
-6.41
Income tax
0.14
0.18
0.36
0.37
0.51
0.13
0.01
Net income
-42.7
-48.6
-37.6
-50.9
-48.9
-12.9
-6.43
EBITDA
-44.5
-38.4
-51.9
-54.6
-44
-13
-7.14
EPS, basic
-4.45
-3.30
-0.73
-0.96
-0.92
-0.24
-0.11
EPS, diluted
-4.45
-3.30
-1.02
-0.96
-0.92
-0.24
-0.11
Shares, basic (weighted)
13.2
18.9
51.5
52.8
53
54.5
57.7
Shares, diluted (weighted)
13.2
18.9
51.8
52.8
53
54.5
57.7
Balance sheet
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1.09
11.2
15.2
40
37.7
7.83
18.3
Short-term investments
35.5
22.2
65.8
15
0
24.2
8.97
Receivables
1.78
7.22
23.5
10.9
4.76
6.1
8.89
Other current assets
2.51
4.47
6.41
3.12
2.32
1.23
1.2
Total current assets
48.6
51.2
113
69.5
45.3
39.5
37.4
Property, plant and equipment
1.45
1.35
1.34
1.09
0.73
0.52
0.4
Lease right-of-use assets
3.7
3.35
3.07
2.76
Goodwill
2.79
0
Intangible assets
1.37
0.25
Long-term investments
7.46
Other non-current assets
0.15
0.25
0.69
0.54
0.36
0.26
0.46
Total assets
82.5
88.6
218
154
101
86.2
75.7
Accounts payable
5.25
3.58
3.43
6.07
4.77
5.61
9.45
Accrued liabilities
2.18
3.31
12.4
7.75
3.71
7
12.1
Deferred revenue
7.1
12.7
22.4
14.3
14.5
0.96
3.85
Total current liabilities
17.8
21.7
48
31
23.4
23.9
30.3
Lease liabilities
4.65
4.28
3.89
3.46
Other non-current liabilities
0.07
2.01
0.62
0.65
0.5
0.47
Total liabilities
18.7
43.6
55.6
36.5
28.4
28.3
34.2
Paid-in capital
4.99
198
352
359
363
367
378
Retained earnings
-91.5
-153
-190
-241
-290
-308
-336
Treasury stock
0
-0.25
-0.25
Shareholders' equity
-91.3
45
162
118
72.6
57.8
41.5
Total equity
-91.3
45
162
118
72.6
57.8
41.5
Total liabilities and equity
82.5
88.6
218
154
101
86.2
75.7
Shares outstanding
13.2
39.5
52.7
52.9
53.3
56.6
58.7
Cash flow statement
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-42.7
-48.6
-37.6
-50.9
-48.9
-12.9
-6.43
Depreciation and amortization
0.14
0.39
0.61
0.7
0.5
0.34
0.16
Stock-based compensation
1.29
4.3
6.96
6.64
4
6.57
14.4
Deferred income tax
0
-0
0
0
0
Change in receivables
-0.5
-5.45
-16.2
11.9
6.14
-1.34
-2.79
Change in payables
2.36
-1.53
-0.13
2.65
-1.3
0.84
3.8
Cash from operations
-44.7
-53.5
-73.2
-39.5
-16.2
8.15
13.1
Capital expenditures
-0.77
-0.37
-0.35
-0.13
-0.01
0
-0.1
Acquisitions
-5.36
Purchases of investments
-48.7
-28.1
Cash from investing
-8.99
25.5
-74.9
62.7
14
-31.4
23.1
Stock issued
94.1
Share buybacks
0
-0.25
0
Dividends paid
0
-4.06
-22
Cash from financing
36.6
148
-0.22
-0.12
-7.01
-25.8
Net change in cash
-53.7
8.57
0.16
23
-2.29
-30.3
10.4
Free cash flow
-45.5
-53.9
-73.6
-39.7
-16.2
8.15
13
Interest paid
0.02
Income taxes paid
0.04
0.25
0.27
0.61
0.2
0.01
-0.02
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $3.10 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-0.3%
Operating income / revenue.
EBITDA margin
-0.1%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
0.8%
Pre-tax income / revenue.
Net margin
0.0%
Net income / revenue.
FCF margin
7.1%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
7.1%
Cash from operations / revenue.
Effective tax rate
98.1%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
0.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.0%
Net income / average total assets.
Return on invested capital (ROIC)
-0.5%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
20.3%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.0%
Capital expenditures / revenue.
D&A / revenue
0.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
40.1%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-2.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
12.6%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y
60.2%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y
58.9%
Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
-28.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-29.3%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
-1.6%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-12.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-21.1%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-3.1%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
5.8%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
3.0%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
25.0%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.78x
Current assets / current liabilities.
Quick ratio
0.64x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.33x
(Cash + short-term investments) / current liabilities.
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
0.5%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.00
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.25
Revenue / diluted weighted shares.
FCF per share
$0.09
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.09
Cash from operations / diluted weighted shares.
Book value per share
$0.70
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Dividends / FCF
358.1%
Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF
16.2%
Share buybacks / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$183.9M
Share price x shares outstanding.
Enterprise value
$177.1M
Market cap + total debt - cash - short-term investments.
P/E
7,664x
Market cap / net income. Only when net income is positive.
P/S
2.42x
Market cap / revenue.
P/B
4.44x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
4.44x
Market cap / tangible book value, when positive.
P/FCF
34.2x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
34.1x
Market cap / cash from operations, when positive.
EV/Sales
2.33x
Enterprise value / revenue.
EV/FCF
33.0x
Enterprise value / free cash flow, when both are positive.
FCF yield
2.9%
Free cash flow / market cap.
Earnings yield
0.0%
Net income / market cap (the inverse of P/E).
Dividend yield
10.5%
Dividends paid over the period / market cap.
Shareholder yield
10.9%
(Dividends paid + share buybacks) / market cap.
What was CuriosityStream Inc.'s revenue in fiscal 2025?
CuriosityStream Inc. reported revenue of $71.7M for fiscal 2025, 40.1% higher than the year before.
Was CuriosityStream Inc. profitable in fiscal 2025?
No. It reported a net loss of $6.4M.
How much free cash flow did CuriosityStream Inc. generate in fiscal 2025?
Cash from operations of $13.1M minus capital expenditures of $102.0K left free cash flow of $13.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.