CuriosityStream Posts 40% Revenue Growth to $71.7M, Board OKs $6M Buyback
CuriosityStream reported full-year 2025 revenue of $71.7 million, a 40% increase over 2024, and operating cash flow rose 60% to $13.1 million. The board authorized additional share repurchases, bringing total buyback authorization to $6 million.
1. Full-Year Financial Performance
CuriosityStream delivered full-year 2025 revenue of $71.7 million, up 40% from $51.1 million in 2024, and record annual gross profit of $40.5 million at a 57% margin. Net loss narrowed to $6.4 million despite $14.4 million in stock-based compensation, and adjusted EBITDA swung to a $8.2 million profit.
2. Fourth Quarter Highlights
In Q4 2025, revenue rose 36% to $19.2 million with gross margin expanding to 61%, producing record quarterly gross profit of $11.6 million. Adjusted EBITDA reached $1.1 million versus a $1.9 million loss in Q4 2024, while net cash from operations improved to $4.0 million.
3. Share Repurchase and Cash Position
The board approved an incremental $2 million in share repurchases, lifting total buyback capacity to $6 million. As of December 31, 2025, CuriosityStream held $27.3 million in cash, restricted cash and securities, with zero debt on the balance sheet.
4. Growth Drivers and Outlook
Expansion of licensing for AI model training and subscription partnerships drove strong momentum, supported by new video and audio data rights and wholesale distribution deals across multiple regions. The company projects H1 2026 revenue of $38 million to $42 million and adjusted free cash flow of $6 million to $9 million.