CuriosityStream Inc. (CURI) Stock

CuriosityStream Inc. (CURI) is a Communication Services stock trading at $2.93 (as of 2026-08-20), with a market capitalization of $173.71M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

CuriosityStream Inc. operates as a factual content streaming service and media company. The company provides premium video 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 via distribution partners who deliver CuriosityStream content via the distributor's platform or system; and through bundled content licenses for SVoD and linear offerings, partner bulk sales, brand partnerships, and content sales. It offers streaming content through devices, including televisions, set-top boxes, computers, streaming media players, game consoles, and mobile devices. As of December 31, 2021, it had approximately 23 million total paying subscribers, including direct subscribers, partner direct subscribers, and bundled MVPD subscribers. The company was founded in 2015 and is based in Silver Spring, Maryland.

Understand CuriosityStream Inc.: how it makes money

CuriosityStream operates a factual video streaming service, generating revenue from direct subscription video on-demand (SVoD) delivered to internet-connected devices, from distribution partners that deliver CuriosityStream content through their platforms, and from content licenses and bundled offerings (including SVoD and linear).

Because CuriosityStream sells factual content via direct subscriptions, partner distribution, and content licensing and bundles, the core profit model is driven by ongoing subscriber traction (size and retention) plus the ability to keep monetizing its library through distributors and licensing partners.

Business quality (Weak): The business model is clear (direct subscriptions, partner distribution, and licensing), and the company tracks multiple subscriber and content-library metrics. The latest quarter shows an operating loss (operating margin -10.2%), which makes execution and monetization efficiency especially important.

Bull case

  • Subscription-led recurring demand: The company provides direct-to-consumer SVoD, with operating metrics including Paying Subscribers, Global Subscribers, Subscriber Retention, and the share of direct subscribers on annual plans.
  • Multiple monetization routes for the same content: CuriosityStream content is monetized not only directly, but also via distribution partners (who deliver the content on their platforms) and through content licensing and bundled offerings.

Bear case

  • Profitability pressure: For the quarter ending 2026-03-31, operating margin is -10.2%, indicating ongoing operating losses.
  • Dependence on partner and licensing channels: A meaningful portion of monetization depends on distribution partners and content licensing partners, so changes in those relationships could affect revenue streams.
  • Potential inconsistency in provided subscriber metrics: The provided figures show Paying Subscribers at 25,000,000 and Global Subscribers at 23,000,000, which is internally inconsistent on its face and could complicate interpretation.
Valuation — source: SEC EDGAR (first-party)
Price$2.93
Market Cap$173.71M
Price / Book4.76
Price / Sales2.57
FCF Yield9.6%
DCF Value (model)$2.00
DCF Upside vs Price-31.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$71.66M
Net Margin-9.0%
Revenue Growth (YoY)40.1%
EPS Growth (YoY)-54.2%
FCF Growth (YoY)58.9%
Financial Health — source: SEC EDGAR
Altman Z-Score-2.44 (distress)
Valuation vs Sector & Industry
Sector P/E (Communication Services)24.4
Industry P/E (Entertainment)39.5
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($8.41M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryEntertainment
CEOClint Stinchcomb
Employees45
CountryUS
IPO Date2020-01-08

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CURI earnings history · CURI institutional & insider holders · CURI KPIs & operating metrics · CURI financials · CURI investor presentations & press releases · CURI SEC filings · CURI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.