CuriosityStream Inc.
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Range $5 – $5
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About the company
CuriosityStream Inc. , a media and entertainment company, provides factual content through multiple channels. The company provides video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly through distribution partners who deliver CuriosityStream content via distributor’s platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.
- CEO
- Clint Stinchcomb
- IPO
- 2020
- Employees
- 42
- HQ
- Silver Spring, MD, US
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- Market Cap
- $173.42M
- P/E
- 14625.00
- Fwd P/E
- 14.81
- PEG
- 944.30
- P/S
- 2.28
- P/B
- 4.18
- EV/EBITDA
- 8.64
- Div Yield
- 11.28%
- Gross Margin
- 62.96%
- Op Margin
- -0.30%
- Net Margin
- 0.03%
- ROE
- 0.06%
- ROIC
- -0.02%
Latest fiscal year · YoY change
- Revenue
- $71.66M+40.1%
- Gross Profit
- $40.55M+57.3%
- Op Income
- $-7,304,000
- Net Income
- $-6,427,000+50.3%
- EPS
- $-0.11+54.2%
- OCF Growth
- +60.2%
- FCF Growth
- +58.9%
- 52W High
- $5.38
- 52W Low
- $2.30
- 50D MA
- $2.80
- 200D MA
- $3.07
- Beta
- 1.79
- RSI (14)
- 54
- Avg Volume
- 1.05M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
CuriosityStream posted its strongest quarter ever, driven by surging licensing revenue, sharply lower costs, and record profitability, while raising full-year revenue and EBITDA guidance.· August 12, 2026
- Revenue rose 22% year over year to $23.2 million, led by licensing revenue up 48% to $14.1 million.
- Gross margin expanded to 73% from 53% a year ago, and adjusted EBITDA reached a record $11.4 million.
- Net income was a record $8.9 million, or $0.15 per share, versus $0.9 million last year.
- Management said the licensing pipeline is strong and increasingly supported by 17 off-the-shelf AI data products.
- Full-year 2026 guidance calls for revenue of $77 million to $82 million and adjusted EBITDA of $18 million to $22 million.
Second-quarter revenue was $23.2 million, up 22% year over year, with licensing revenue of $14.1 million, up 48%, and subscription revenue of $8.9 million, roughly flat versus the prior year. Gross margin improved to 73% from 53%, total operating expenses fell 24.1% year over year, adjusted EBITDA hit a record $11.4 million, and net income was $8.9 million, or $0.15 per share. For 2026, management guided to second-half revenue of $38 million to $41 million, full-year revenue of $77 million to $82 million, second-half adjusted EBITDA of $6 million to $10 million, and full-year adjusted EBITDA of $18 million to $22 million.
Clint Stinchcomb framed the quarter as a proof point for CuriosityStream’s model, emphasizing that the company can monetize its content and data assets across three licensing pillars: traditional video distribution, AI training data, and private code corpora. He said productizing the library into 17 off-the-shelf data sets should shorten sales cycles and improve operational velocity. His tone was upbeat but disciplined, repeatedly stressing execution, operating leverage, and a longer-term goal of reaching $100 million or more of reliable annualized revenue.
Brady Hayden highlighted the financial inflection in the quarter: revenue of $23.2 million versus $19 million a year ago, adjusted EBITDA of $11.4 million, gross margin of 73%, and operating expenses down 24.1%. He said the company ended the quarter with $10.9 million of cash and securities, no debt, paid a regular $5 million dividend, repurchased $600,000 of shares, and prepaid $2 million to consolidate its German business, which closed July 1. He also guided to ending 2026 with $17 million to $22 million in cash and investments and said second-half operating expenses should decline an additional 18% to 20% versus the first half.
Analysts focused on the strength and visibility of the licensing pipeline, especially AI training demand, and whether the new off-the-shelf data products can accelerate deals. Management said the pipeline is the strongest it has been, but licensing can be lumpy and revenue is hard to forecast precisely; the new products are intended to simplify evaluation and speed sales. Questions also covered international expansion and streaming bundles, with management pointing to Germany as the largest non-English market, ongoing work on currencies and payments, and a strong belief that bundling will support steadier subscription revenue.
The call showed strong operating leverage: licensing growth, flat subscription revenue, lower costs, and much higher margins produced record EBITDA and net income. Management sounded confident that productized AI data sets, a broader licensing base, and continued bundling could make revenue more scalable and predictable.
Management repeatedly said licensing remains hard to forecast and can be chunky, and the second-half EBITDA guide implies moderation from the Q2 record. Subscription revenue was only roughly flat, so the growth story still depends heavily on licensing and deal timing, while the company also acknowledged some cash use for dividends and acquisitions.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 52.8%
- Shares Outstanding
- 59.29M
- Float Shares
- 31.32M
of shares held by institutions
111 13F filers
Buy/sell ratio 0.57. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 2.76M | ▲ 262.64K |
| Vanguard Group Inc | 2.21M | ▲ 234.68K |
| Vanguard Capital Management LLC | 1.69M | ▲ 18.68K |
| Thompson Siegel & Walmsley LLC | 1.67M | ▼ 260.18K |
| Renaissance Technologies LLC | 1.53M | ▼ 240.80K |
| Geode Capital Management, LLC | 1.05M | ▲ 114.98K |
| Los Angeles Capital Management LLC | 976.58K | ▲ 139.39K |
| Goldman Sachs Group Inc | 967.87K | ▲ 180.85K |
| Penbrook Management LLC | 764.80K | ▲ 89.65K |
| State Street Corp | 678.57K | ▼ 68.52K |
| Essex Investment Management Co LLC | 595.06K | ▼ 25.82K |
| Bank Of New York Mellon Corp | 445.17K | ▼ 1.45K |
Held by 122 ETFs
Biggest fund positions in CURI by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 1, 26 | Piche Sean Adam | other | 150,000 |
| Sep 1, 26 | Piche Sean Adam | other | 0 |
| Aug 28, 26 | Stinchcomb Clinton Larry | buy | 20,000 |
| Aug 27, 26 | Stinchcomb Clinton Larry | buy | 30,000 |
| Jul 28, 26 | Cudahy Theresa Ellen | other | 187,500 |
| Jul 28, 26 | Cudahy Theresa Ellen | other | 52,631 |
| Jul 28, 26 | Cudahy Theresa Ellen | other | 187,500 |
| Jul 27, 26 | Hayden Phillip Brady | other | 9,664 |
| Jul 24, 26 | Hayden Phillip Brady | other | 17,500 |
| Jul 24, 26 | Hayden Phillip Brady | other | 17,500 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CURI coverage
Recent articles, reports, and earnings notes.
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CuriosityStream (CURI) Upgraded to Strong Buy: Here's What You Should Know
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