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CuriosityStream (CURI) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · CuriosityStream (CURI) Q2 2026 earnings results →

Q2 2026 Revenue up 22% year over year to $23.2M · 38¢ of every $1 of revenue kept as net profit · operating margin 39.5%

CuriosityStream made $23.2M in Q2 2026 (+22% Y/Y): Licensing $14.1M, Subscription $8.9M, Other $317K. Operating margin 39.5%, net earnings $8.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$23.2M
Year over year+22%
Operating margin39.5%
Net earnings$8.9M
Operating cash flow−$4.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $23.2M in Q2 2026, up 22% year over year and up 53% from the previous quarter. Licensing was the largest line at 60% of revenue. Licensing added $4.6M year over year (up 48%), 108% of the total change. Subscription declined 5%.

Operating profit was $9.2M, a 39.5% margin (up 37.0 points year over year). Of the extra revenue versus Q2 2025, 206% reached operating profit, above the 3% margin then. Total costs fell 24% while revenue rose 22%. Net earnings were $8.9M, up 1033% year over year. The effective tax rate was 4.7%.

Operating cash flow was −$4.2M. Non-cash charges added back $47K of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $14.9M.

Quarterly history

CuriosityStream revenue by quarterCuriosityStream revenue by quarter$14.1MQ4 2024$15.1MQ1 2025$19.0MQ2 2025$18.4MQ3 2025$19.2MQ4 2025$15.2MQ1 2026$23.2MQ2 2026
CuriosityStream net earnings by quarterCuriosityStream net earnings by quarter−$2.8MQ4 2024$319KQ1 2025$784KQ2 2025−$3.7MQ3 2025−$3.8MQ4 2025−$1.3MQ1 2026$8.9MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$23.2M+22%39.5%$8.9M−$4.2M
Q1 202610-QMay 14, 2026$15.2M+0.5%-10.2%−$1.3M$1.2M
Q4 202510-KMar 12, 2026$19.2M+36%-17.6%−$3.8M$4.0M
Q3 202510-QNov 13, 2025$18.4M+46%-24.5%−$3.7M$4.4M
Q2 202510-QAug 6, 2025$19.0M+53%2.5%$784K$2.8M
Q1 202510-QMay 6, 2025$15.1M+26%0.5%$319K$1.9M
Q4 202410-KMar 25, 2025$14.1M-4%-27.4%−$2.8M$3.0M

Charts

CuriosityStream: revenue growth, year over year and quarter over quarterCuriosityStream: revenue growth, year over year and quarter over quarterY/YQ/Q-4%Q4 2024+26%+7%Q1 2025+53%+26%Q2 2025+46%-3%Q3 2025+36%+5%Q4 2025+0%-21%Q1 2026+22%+53%Q2 2026
Latest (Q2 2026): Y/Y +22%, Q/Q +53%.
CuriosityStream: where the cash came from (+) and went (−), TTM to Q2 2026CuriosityStream: where the cash came from (+) and went (−), TTM to Q2 2026Dividends−$19.2MOther investing$16.5MOperating cash flow$5.4MTaxes on employees’ shares−$3.2MCash drawn (+) / kept (−)$1.6MBuybacks−$871KOther financing−$130KCapital spending−$25K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
CuriosityStream: profit against cash, quarter by quarterCuriosityStream: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.1M$2.3MQ3 2024−$2.8M$3.0MQ4 2024$319K$1.9MQ1 2025$784K$2.8MQ2 2025−$3.7M$4.4MQ3 2025−$3.8M$4.0MQ4 2025−$1.3M$1.2MQ1 2026$8.9M−$4.2MQ2 2026
Latest (Q2 2026): Net income $8.9M, Operating cash flow −$4.2M.
CuriosityStream: diluted shares by fiscal year (split-adjusted)CuriosityStream: diluted shares by fiscal year (split-adjusted)57MFY202052MFY202153MFY202253MFY202354MFY202458MFY2025
+1.5% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 3-for-1 split before FY2021.
CuriosityStream in its industry: growth against margin (8 companies, SIC 7812)CuriosityStream in its industry: growth against margin (8 companies, SIC 7812)revenue growth, year over year →↑ operating marginmedian +22%median -7%FUBOLIONSTRZANGXGAIATOONCPLXCURI (+22%, 40%)
Services-Motion Picture & Video Tape Production; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About CuriosityStream

Unless the context otherwise requires, all references in this section to “we,” “us,” “our,” the “Company,” or “CuriosityStream” refer to CuriosityStream Inc. and its subsidiaries prior to and following the consummation of the Business Combination. 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”).

In its own words, from its 10-K, filed Mar 12, 2026.

CuriosityStream against its Services-Motion Picture & Video Tape Production peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +22%. Operating margin: 39.5% against the peers' median -6.6%.

CompanyQuarterRevenueY/YOp. margin
CURI CuriosityStreamQ2 2026$23.2M+22%39.5%
FUBO FuboTVQ3 FY26$1.5B+290%-1.8%
LION Lionsgate StudiosQ2 FY27$669M+41%4.4%
STRZ Starz EntertainmentQ3 2026$322M+0.5%-6.6%
ANGX Angel StudiosQ2 2026$112M+28%-16.6%
GAIA GaiaQ3 2026$22.0M-12%-13.4%
TOON Kartoon StudiosQ2 2026$5.8M-43%-58.6%
CPLX CertiplexQ2 2026$26K-35%-71.3%

Source: CuriosityStream 10-Q on SEC EDGAR · CIK 1776909 · Services-Motion Picture & Video Tape Production

13F: who owns CURI and who is buying

Largest holders of CURI (13F)Largest holders of CURI (13F)Vanguard Group$8.4MBlackRock$7.3MVanguard Capital Management LLC$4.5MThompson Siegel & Walmsley LLC$4.5MRenaissance Technologies LLC$4.1MGeode Capital Management, LLC$2.8MGoldman Sachs Group$2.6MState Street$1.8MEssex Investment Management Co LLC$1.2MBank of New York Mellon$1.2M
Funds' net buying of CURI by quarter (13F)Funds' net buying of CURI by quarter (13F)$808K2024-09$454K2024-12$5.4M2025-03$25.7M2025-06$36.3M2025-09$2.9M2025-12−$4.2M2026-03−$148K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CURI

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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