CuriosityStream Inc. CURI
On October 14, 2020, Software Acquisition Group Inc., a special purpose acquisition company and a Delaware corporation ("SAQN"), and CuriosityStream Operating Inc., a Delaware corporation ("Legacy CuriosityStream"), consummated a reverse merger pursuant to the Agreement and Plan of Merger, dated August 10, 2020 (the "Business Combination"). Upon the consummation of the Business Combination, Legacy CuriosityStream became a wholly owned subsidiary of SAQN and the registrant changed its name from "Software Acquisition Group Inc." to "CuriosityStream Inc." Following the consummation of the Business Combination, Legacy CuriosityStream changed its name from "CuriosityStream Operating Inc." to "Curiosity Inc."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $71.7M | $51.1M | $56.9M | $78.0M | $3.0M | $39.6M | $18.0M | — |
| Cost of revenue | — | — | — | — | $1.2M | — | — | — |
| Gross profit | — | — | — | — | $1.8M | — | — | — |
| SG&A | $33.8M | $24.7M | $29.4M | $37.5M | $34.9M | $20.9M | $14.3M | — |
| Total operating expenses | $79.0M | $64.5M | $101.4M | $133.3M | $123.7M | $78.4M | $62.6M | — |
| Operating income | -$7.3M | -$13.3M | -$44.5M | -$55.3M | -$52.5M | -$38.8M | -$44.6M | — |
| Pre-tax income | -$6.4M | -$12.8M | -$48.4M | -$50.5M | -$37.3M | -$48.4M | -$42.5M | — |
| Income tax | $14.0K | $132.0K | $506.0K | $367.0K | $360.0K | $179.0K | $142.0K | — |
| Net income | -$6.4M | -$12.9M | -$48.9M | -$50.9M | -$37.6M | -$48.6M | -$42.7M | — |
| EPS, basic | -0.11 | -0.24 | -0.92 | -0.96 | -0.73 | -3.30 | — | — |
| EPS, diluted | -0.11 | -0.24 | -0.92 | -0.96 | -1.02 | -3.30 | -4.45 | — |
| Shares, diluted (wtd. avg.) | $57.7M | $54.5M | $53.0M | $52.8M | $51.8M | $18.9M | $13.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $18.3M | $7.8M | $38.2M | $40.5M | $17.5M | $17.4M | $8.8M | $62.5M |
| Short-term investments | $9.0M | $24.2M | $0 | $15.0M | $65.8M | $22.2M | $35.5M | — |
| Receivables | $8.9M | $6.1M | $4.8M | $10.9M | $23.5M | $7.2M | $1.8M | — |
| Total current assets | $37.4M | $39.5M | $45.3M | $69.5M | $113.3M | $51.2M | $48.6M | — |
| Property, plant and equipment | $404.0K | $520.0K | $727.0K | $1.1M | $1.3M | $1.3M | $1.5M | — |
| Goodwill | — | — | — | $0 | $2.8M | — | — | — |
| Other intangibles | — | — | — | $251.0K | $1.4M | — | — | — |
| Total assets | $75.7M | $86.2M | $101.0M | $154.1M | $217.6M | $88.6M | $82.5M | — |
| Accounts payable | $9.4M | $5.6M | $4.8M | $6.1M | $3.4M | $3.6M | $5.2M | — |
| Total current liabilities | $30.3M | $23.9M | $23.4M | $31.0M | $48.0M | $21.7M | $17.8M | — |
| Total liabilities | $34.2M | $28.3M | $28.4M | $36.5M | $55.6M | $43.6M | $18.7M | — |
| Retained earnings | -$335.8M | -$308.4M | -$290.0M | -$241.1M | -$190.2M | -$152.5M | -$91.5M | — |
| Total equity | $41.5M | $57.8M | $72.6M | $117.6M | $161.9M | $45.0M | -$91.3M | -$34.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13.1M | $8.2M | -$16.2M | -$39.5M | -$73.2M | -$53.5M | -$44.7M | — |
| Depreciation and amortisation | $164.0K | $339.0K | $496.0K | $699.0K | $612.0K | $391.0K | $142.0K | — |
| Stock-based compensation | $14.4M | $6.6M | $4.0M | $6.6M | $7.0M | $4.3M | $1.3M | — |
| Capital expenditure | $102.0K | $0 | $5.0K | $130.0K | $351.0K | $367.0K | $767.0K | — |
| Investing cash flow | $23.1M | -$31.4M | $14.0M | $62.7M | -$74.9M | $25.5M | -$9.0M | — |
| Financing cash flow | -$25.8M | -$7.0M | -$123.0K | -$218.0K | $148.3M | $36.6M | — | — |
| Dividends paid | $22.0M | $4.1M | $0 | — | — | — | — | — |
| Buybacks | $0 | $251.0K | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-024605.
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