CuriosityStream Inc. (CURI) stock analysis
Close on Nov 11, 2026Market cap $140.63MP/E 15.8Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed13 of 30 checks passed
CuriosityStream passes 13 of the 30 checks behind our score; 7 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 1/6
- Past performance
- 4/6
- Financial health
- 4/6
- Dividend
- 3/6
What stands out
Return on capital over 10%
Return on invested capital was 27.1%, above the 10% that usually covers the cost of capital.
No debt
CuriosityStream has no borrowings on its latest balance sheet.
Interest well covered
No meaningful interest expense to cover.
Debt covered by cash flow
There is no debt to cover.
What to watch
Margin of safety under 20%
The price is 25.1% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $2.37 is above our fair value estimate of $1.89.
Return on equity under 15%
Return on equity was 19.3% over the last twelve months and averaged -31.4% over five years; we look for 15% on both.
Revenue growing under 10% a year
Revenue grew -2.8% a year over the last three fiscal years, short of the 10% we look for.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E below the industry
CuriosityStream's P/E of 15.8 is below the Communication services median of 16.8.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B above the industry
CuriosityStream's price-to-book of 3.36 is above the Communication services median of 1.71.
Trading above fair value
The share price of $2.37 is above our fair value estimate of $1.89.
Margin of safety under 20%
The price is 25.1% above fair value, so there is no margin of safety.
Growth1/6
Revenue growing under 10% a year
Revenue grew -2.8% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew 17.6% over the last twelve months; the Communication services median is 19.2%.
Guidance raised
CuriosityStream raised its Second-half 2026 Second-half 2026 revenue outlook on Aug 12, 2026.
Gross margin trend
This company does not report gross profit.
Past performance4/6
Return on equity under 15%
Return on equity was 19.3% over the last twelve months and averaged -31.4% over five years; we look for 15% on both.
Return on capital over 10%
Return on invested capital was 27.1%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
CuriosityStream's return on equity of 19.3% is above the Communication services median of -18.7%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 11.0% over the last twelve months, against a 5-year average of -47.7%.
Net margin above the industry
CuriosityStream's net margin of 11.0% is above the Communication services median of -29.3%.
Financial health4/6
No debt
CuriosityStream has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term assets don't cover short-term debts
Current assets are 0.78 times current liabilities.
Elevated bankruptcy risk
The Altman Z-score is -2.47; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
CuriosityStream paid dividends worth 13.9% of the share price over the last twelve months.
Yield above Treasuries
The 13.9% yield is above the 4.4% on a 1-year Treasury.
Yield in the top quarter
The top quarter of US dividend payers yield 3.8% or more; CuriosityStream yields 13.9%.
Dividend stability
Fewer than five years of dividend history.
Not covered by earnings
Dividends take 229% of net income, leaving little room.
Not covered by free cash flow
Dividends take 365% of free cash flow.
Fair value
How we estimate itOur estimate per share
$1.89
The share price is 25% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 16.8× | – | 16.8× | $2.52 | 47% |
| EV/EBITDA | 9.6× | – | 9.6× | $1.43 | 41% |
| P/B | 1.4× | 1.2× | 1.7× | $1.01 | 12% |
| Earnings powerleft out, too far from the others | 13.2% cost of equity | – | – | $0.21 | – |
| Fair value | $1.89 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/B at month end
- Own 5-year median 1.2
- Communication services median 1.7
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $1.41M
- Value traded per 1% price move
- $741.10K
Downside
High risk
- Typical loss in a bad month
- 26.1%
- Volatility (annualized)
- 79%
- Sharpe ratio, 1 year
- -0.51
- Beta to the S&P 500 (5Y)
- 1.66
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2018 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +40.1% | -2.8% | +12.6% | – | |
| Free cash flow | +58.9% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 209.7% | -12.9% | |
| Return on assets | – | -56.8% | -7.9% | |
| Current ratio | – | 2.36 | 1.23 | |
| Capex to revenue | – | 0.9% | 0.1% | |
| Diluted shares | – | 19M | 58M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CuriosityStream generated $150.15M from operations and spent $26.91M on capital expenditure, dividends and share buybacks. 2% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -9.0% | 0.89× | 1.63× | -12.9% |
| FY2024 | -25.3% | 0.55× | 1.43× | -19.8% |
| FY2023 | -85.9% | 0.45× | 1.34× | -51.4% |
| FY2022 | -65.2% | 0.42× | 1.33× | -36.4% |
| FY2021 | -52.8% | 0.47× | 1.48× | -36.4% |
| FY2020 | -122.7% | 0.46× | -3.69× | 209.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero-$6.43M
- Cash generatingOperating cash flow above zero$13.06M
- Return on assets improvedROA up on the prior year-12.8% → -7.5%
- Earnings backed by cashOperating cash flow above net income$13.06M vs -$6.43M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.66 → 1.23
- No dilutionShare count did not rise54M → 58M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.51 → 0.83
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