CuriosityStream Inc. (CURI) intrinsic value & 10-year financials

CuriosityStream Inc. (CURI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 25.9% a year to $71.7M, with an average return on invested capital of -5.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.61
Market cap
$150.5M
Revenue (FY2025)
$71.7M
Revenue growth (8-yr CAGR)
25.9%
ROIC (10-yr avg)
-5.6%
Free cash flow (FY2025)
$13.0M

CURI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $71.7M -$6.4M -$0.11 $13.0M -10.2% -18.1%
FY2024 $51.1M -$12.9M -$0.24 $8.2M -26.1% -28.6%
FY2023 $56.9M -$48.9M -$0.92 -$16.2M -78.2% -73.2%
FY2022 $78.0M -$50.9M -$0.96 -$39.7M -70.8% -67.2%
FY2021 $3.0M -$37.6M -$1.02 -$73.6M -1749.3% -46.1%
FY2020 $39.6M -$38.6M -$3.30 -$53.3M -98.3% -110.0%
FY2019 $18.0M -$42.5M — -$45.5M -246.6% 304.1%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

CuriosityStream Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

CuriosityStream Inc. has historically struggled to out-earn its cost of capital, averaging just -48.6% ROIC.

CuriosityStream Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CuriosityStream Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3.65 per share.

CURI stock: frequently asked questions

What is the intrinsic value of CuriosityStream Inc. (CURI) stock?

Graham's formula only works with positive earnings. CuriosityStream Inc. reported diluted EPS of -$0.11 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does CuriosityStream Inc. generate free cash flow?

CuriosityStream Inc. generated $13.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 7 reported years.

What is CURI's return on invested capital?

Average ROIC over the last 8 fiscal years was -5.6%, and average return on equity was 4.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CURI data come from?

From CuriosityStream Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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