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CuriosityStream vs Kartoon Studios: revenue, profit, margins and growth compared

CuriosityStream brought in $71.7M of revenue in fiscal 2025, Kartoon Studios $39.4M in fiscal 2025. Revenue changed by +40.1% at CuriosityStream and +20.7% at Kartoon Studios on the year before, so CuriosityStream grew faster. CuriosityStream kept -9.0% of its revenue as net profit, Kartoon Studios -62.3%. Free cash flow was $13M at CuriosityStream and -$11.6M at Kartoon Studios.

Side by side, latest fiscal year

CURITOON
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$71.7M$39.4M
Revenue growth+40.1%+20.7%
Net income-$6.4M-$24.5M
Net margin-9.0%-62.3%
Free cash flow$13M-$11.6M
Free cash flow margin18.1%-29.4%
Earnings per share (diluted)-$0.11-$0.49
Cash$18.3M$2.9M
Debtn/an/a
Price to earningsn/an/a
Market value$183.9M$36M
Dividend yieldn/an/a
Rank by revenue in sector#704 of 778 · Consumer discretionary#722 of 778 · Consumer discretionary

Over the years

Revenue
CURI FY2019: $18MCURI FY2020: $39.6MCURI FY2021: $71.3MCURI FY2022: $78MCURI FY2023: $56.9MCURI FY2024: $51.1MCURI FY2025: $71.7MTOON FY2018: $993.5KTOON FY2019: $5.9MTOON FY2020: $2.5MTOON FY2021: $7.9MTOON FY2022: $62.3MTOON FY2023: $44.1MTOON FY2024: $32.6MTOON FY2025: $39.4MFY18FY19FY20FY21FY22FY23FY24FY25
CURI $71.7MTOON $39.4M
Net income
CURI FY2019: -$42.7MCURI FY2020: -$48.6MCURI FY2021: -$37.6MCURI FY2022: -$50.9MCURI FY2023: -$48.9MCURI FY2024: -$12.9MCURI FY2025: -$6.4MTOON FY2018: -$9MTOON FY2019: -$11.5MTOON FY2020: -$401.7MTOON FY2021: -$126.3MTOON FY2022: -$45.6MTOON FY2023: -$77.1MTOON FY2024: -$20.7MTOON FY2025: -$24.5MFY18FY19FY20FY21FY22FY23FY24FY25
CURI -$6.4MTOON -$24.5M
Net margin
CURI FY2019: -236.7%CURI FY2020: -122.7%CURI FY2021: -52.8%CURI FY2022: -65.2%CURI FY2023: -85.9%CURI FY2024: -25.3%CURI FY2025: -9.0%TOON FY2018: -906.3%TOON FY2019: -194.3%TOON FY2020: -16,176.8%TOON FY2021: -1,604.1%TOON FY2022: -73.2%TOON FY2023: -174.9%TOON FY2024: -63.6%TOON FY2025: -62.3%FY18FY19FY20FY21FY22FY23FY24FY25
CURI -9.0%TOON -62.3%
Revenue growth
CURI FY2020: +119.8%CURI FY2021: +79.9%CURI FY2022: +9.5%CURI FY2023: -27.1%CURI FY2024: -10.1%CURI FY2025: +40.1%TOON FY2019: +494.7%TOON FY2020: -58.0%TOON FY2021: +217.1%TOON FY2022: +691.3%TOON FY2023: -29.2%TOON FY2024: -26.1%TOON FY2025: +20.7%FY19FY20FY21FY22FY23FY24FY25
CURI +40.1%TOON +20.7%
Free cash flow
CURI FY2019: -$45.5MCURI FY2020: -$53.9MCURI FY2021: -$73.6MCURI FY2022: -$39.7MCURI FY2023: -$16.2MCURI FY2024: $8.2MCURI FY2025: $13MTOON FY2018: -$8MTOON FY2019: -$6.3MTOON FY2020: -$8.1MTOON FY2021: -$24.1MTOON FY2022: -$26.5MTOON FY2023: -$16.2MTOON FY2024: -$3.6MTOON FY2025: -$11.6MFY18FY19FY20FY21FY22FY23FY24FY25
CURI $13MTOON -$11.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about CuriosityStream and Kartoon Studios

Which is bigger by revenue, CuriosityStream or Kartoon Studios?

CuriosityStream is bigger by revenue: $71.7M in fiscal 2025, against $39.4M for Kartoon Studios in fiscal 2025.

Which keeps more of its revenue as profit, CuriosityStream or Kartoon Studios?

CuriosityStream had a net margin of -9.0% in fiscal 2025; Kartoon Studios had -62.3% in fiscal 2025.

Which grew revenue faster, CuriosityStream or Kartoon Studios?

In their latest fiscal years revenue changed by +40.1% at CuriosityStream and +20.7% at Kartoon Studios.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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