CURI
CuriosityStream Inc.4.1200
-0.0600-1.44%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
AI renewals, CaaS smooth revenue
Q&A unpacked AI licensing evolution, noting 18 fulfillments across 9 partners including renewals, with 60-80% of 2026 revenue from existing ones and higher $/hour bespoke data deals. Management addressed analyst pushback on ad hires, clarifying the new sales leader targets broad revenue acceleration while recommitting 100% to AI dominance via CaaS subscriptions for smoother quarters. SBC jumped on one-time market-based awards, mostly expensed in Q3. Subscriptions poised for faster 2026 growth on pipeline visibility. Q&A reaffirms the script but adds execution color. AI stickiness matters for the thesis.
Key Stats
Market Cap
240.19MP/E (TTM)
-Basic EPS (TTM)
-0.10Dividend Yield
0.06%Recent Filings
10-Q
Q3 FY2025 results
CuriosityStream surged revenue 46% y/y to $18.4M in Q3 ended September 30, 2025, powered by content licensing jumping 425% to $8.7M from AI deals, though direct business dipped 15%. Gross margin held steady as cost of revenues rose 30%; operating loss widened to $4.5M from stock-based comp spike to $7.0M. YTD revenue climbed 42% to $52.5M, slashing net loss to $2.6M and boosting operating cash to $9.1M, offset by $17.3M dividends. Cash sits at $14.1M with $15.2M liquid investments. Warrants expired worthless October 14. Subscriber churn pressures direct revenue.
8-K
Q3 revenue surges 46%
8-K
Secondary stock offering completed
CuriosityStream's major shareholder, Hendricks Factual Media LLC, completed an underwritten secondary offering of 8,050,000 shares of common stock on August 14, 2025, following the full exercise of the underwriters' option for 1,050,000 additional shares. The company itself sold no securities and receives no proceeds from the transaction. This liquidity event for the seller boosts free float, yet underscores ongoing market risks in the competitive streaming sector.
10-Q
Q2 FY2025 results
CuriosityStream swung to operating income of $0.5M in Q2 FY2025 ended June 30, 2025, up from a $2.5M loss a year earlier, while YTD operating income hit $0.6M versus a $6.2M loss. Revenues surged 53% y/y to $19.0M, fueled by content licensing jumping to $9.3M from $1.3M on AI training deals, though direct business dipped 15% to $8.4M; gross margin improved to 53.4% from 51.6% (derived). Diluted EPS of $0.01 aligns with 57,585 weighted shares, no anti-dilution flagged. Cash from operations reached $4.7M YTD, offset by $12.7M dividends, leaving $7.0M in cash equivalents plus $23.7M short-term investments; no debt. Equity stakes in Nebula and Spiegel Venture posted a $0.2M Q2 loss. Yet AI licensing remains unproven amid evolving regulations.
8-K
Q2 revenue surges 53%
CuriosityStream reported Q2 2025 revenue of $19 million, up 53% from $12.4 million last year, fueled by $9.3 million in AI licensing deals and new distribution pacts in Asia and Latin America. The company swung to record net income of $0.8 million and Adjusted EBITDA of $3.0 million, while declaring a $0.08 per share dividend payable September 19. AI partnerships scale fast. Yet risks like subscriber retention and media competition loom large.
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