Forensic Analysis · Media / Entertainment / Streaming · as of Aug 13, 2026
Curiositystream Inc. (CURI)
A forensic read on Curiositystream Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-13.2
Distress distance
Clean
Earnings quality
5
Forensic signals
-15.5%
ROE
40.1%
Revenue growth
The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Curiositystream Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -13.2, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-21.3%
FY2025
Return on invested capital.Return on invested capital is -21.3% in the latest fiscal year and rising from -53% — well below its ~9% cost of capital, and it has been across FY2019–FY2025, so reinvested dollars have not been earning their keep.
+3.0%/yr
FY2022–FY2025
Share-count dilution.Diluted share count changed +9% over the last 3 years to FY2025 (+3.0%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~3.0% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~8%.
20% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 20% of revenue and 111% of free cash flow in FY2025 — about $0.25 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 3.0% a year and that rate is not falling, so total profit has to grow by that much annually before any of it reaches a share. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
170% of FCF
FY2025
Shareholder returns.Returned $22M to shareholders (buybacks + dividends) in FY2025 — 170% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely. Counting the $14M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 281%.
Key fundamentals
Latest Revenue$71.7M
Revenue Growth YoY+40.1%
Revenue CAGR (3yr)-2.8%
Net Margin-9.0%
Free Cash Flow$13.0M
Return on Equity-15.5%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Curiositystream Inc.'s actual 10-K/10-Q/8-K filings?
Data from SEC EDGAR public filings · metrics as of Aug 13, 2026. Forensic signals flag probability, not certainty.
Curiositystream Inc. (CURI) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
$3M
FY2022–FY2022
Goodwill impairments.Took $3M of goodwill writedowns across 1 year (FY2022 ($3M)). Writedowns mean past acquisitions underperformed what was paid for them.