CuriosityStream Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw record revenue, net income, and margins, driven by strong licensing growth and disciplined cost management. Guidance for 2026 remains robust, with continued focus on AI data licensing, international expansion, and efficient capital allocation.
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The meeting covered director elections, executive compensation, and auditor ratification. Directors were elected, executive pay and auditor ratification were approved, but the incentive plan amendment failed. The board will review next steps regarding the incentive plan.
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Q1 2026 revenue rose slightly to $15.2M, with licensing up 11% year-over-year and subscription stable. Gross margin improved to 56%, but a non-cash charge led to a net loss. 2026 guidance calls for $75–$80M revenue and licensing to outpace subscriptions.
Fiscal Year 2025
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Revenue grew 40% to $71.7M in 2025, with licensing for AI training driving growth and expected to surpass subscriptions in 2026. Gross margins improved, cash flow and EBITDA turned positive, and the company paid $22M in dividends while maintaining a strong balance sheet.
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Q3 2025 revenue rose 46% year-over-year to $18.4M, led by a 425% surge in licensing revenue and strong adjusted free cash flow. Guidance calls for 38–42% full-year revenue growth, with licensing expected to surpass subscriptions by 2027.
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Q2 2025 revenue surged 53% year-over-year to $19 million, led by AI content licensing and sequential subscription growth. Net income and adjusted EBITDA both turned positive, with a strong balance sheet and ongoing cost discipline supporting future growth.
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The company is experiencing strong financial momentum with five quarters of positive free cash flow, expanding global partnerships, and a diversified revenue model. Growth is expected to accelerate through AI-driven content licensing, cost management, and new distribution channels.
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Q1 2025 saw record financial performance with first-ever positive net income and adjusted EBITDA, driven by strong licensing revenue and disciplined cost management. The quarterly dividend was doubled, and guidance points to continued double-digit growth and robust cash flow.
Fiscal Year 2024
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Achieved record cash flow and improved margins in 2024, with strong cost controls and a shift toward higher-margin, recurring subscription revenue. Double-digit growth in revenue and free cash flow is expected for 2025, supported by expanding licensing deals and a significant dividend increase.
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Highest ever quarterly adjusted free cash flow of $2.6M, with 13% year-over-year growth in direct subscription revenue and improved gross margins. Guidance for Q4 anticipates $12–$14M revenue and $2–$3M adjusted free cash flow, with material advertising and licensing upside expected next year.
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Achieved record adjusted free cash flow and strong margin improvements in Q2 2024, with direct revenue growth offsetting declines in licensing. Ended the quarter with nearly $40 million in cash, no debt, and continued cost rationalization, while guiding for stable Q3 revenue and cash flow.