The company's financial position has deteriorated, with total assets declining from $101.0 million in 2023Q4 to $69.2 million in 2026Q1, while total debt increased to $6.8 million.
| Total Current Assets | 27.47M | 37.44M | 39.52M | 45.29M | 69.51M | 113.29M | 51.24M | 48.58M | 99.91M |
| Cash & Short-Term Investments | 16.9M | 18.32M | 32.06M | 37.72M | 54.99M | 81.05M | 33.37M | 44.34M | 96.18M |
| Cash Only | 16.9M | 18.32M | 7.83M | 37.72M | 40.01M | 15.22M | 11.2M | 8.82M | 62.52M |
| Short-Term Investments | 0 | 0 | 24.24M | 0 | 14.99M | 65.83M | 22.17M | 35.52M | 33.66M |
| Accounts Receivable | 5.81M | 8.89M | 6.1M | 4.76M | 10.9M | 23.49M | 7.22M | 1.78M | 1.27M |
| Days Sales Outstanding | 44.85 | 45.3 | 43.56 | 30.54 | 50.97 | 120.33 | 66.53 | 35.98 | 49.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 6.18M | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | 146.33 | - | - |
| Other Current Assets | 4.76M | 10.22M | 1.35M | 2.81M | 3.62M | 8.74M | 4.47M | 2.33M | 2.46M |
| Total Non-Current Assets | 41.69M | 38.3M | 46.66M | 55.73M | 84.6M | 104.29M | 37.35M | 33.88M | 13.92M |
| Property, Plant & Equipment | 3.06M | 3.17M | 3.58M | 4.08M | 4.8M | 1.34M | 1.35M | 1.45M | 884K |
| Fixed Asset Turnover | 22.35x | 22.63x | 14.26x | 13.95x | 16.27x | 53.10x | 29.44x | 12.42x | 10.57x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 2.79M | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 31.51M | 44.94M | 68.5M | 74.05M | 32.93M | 0 | 4.01M |
| Long-Term Investments | 17.76M | 3.67M | 11.31M | 6.35M | 10.77M | 25.42M | 2.83M | 15.65M | 8.92M |
| Other Non-Current Assets | 35.67M | 31.46M | 257K | 358K | 539K | 689K | 254K | 16.78M | 112K |
| Total Assets | 69.16M | 75.73M | 86.18M | 101.02M | 154.11M | 217.58M | 88.59M | 82.46M | 113.83M |
| Asset Turnover | 0.96x | 0.95x | 0.59x | 0.56x | 0.51x | 0.33x | 0.45x | 0.22x | 0.08x |
| Asset Growth % | -59.15% | -12.13% | -14.69% | -34.45% | -29.17% | 145.59% | 7.43% | -27.55% | - |
| Total Current Liabilities | 28.79M | 30.31M | 23.86M | 23.4M | 30.96M | 47.97M | 21.68M | 17.92M | 7.13M |
| Accounts Payable | 6.42M | 9.45M | 5.61M | 4.76M | 6.07M | 3.43M | 3.58M | 5.25M | 2.88M |
| Days Payables Outstanding | 70.45 | 110.85 | 80.7 | 48.92 | 42.95 | 34.12 | 84.68 | 281.12 | 72.72 |
| Short-Term Debt | 3.49M | 8.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 34.87M | 8.41M | 10.97M | 14.52M | 14.28M | 22.43M | 12.68M | 7.1M | 0 |
| Other Current Liabilities | 10.27M | 3.49M | 1.99M | 407K | 2.86M | 9.68M | 2.12M | 5.57M | 4.26M |
| Current Ratio | 0.95x | 1.23x | 1.66x | 1.94x | 2.25x | 2.36x | 2.36x | 2.71x | 14.00x |
| Quick Ratio | 0.95x | 1.23x | 1.66x | 1.94x | 2.25x | 2.36x | 2.08x | 2.71x | 14.00x |
| Cash Conversion Cycle | -25.6 | - | - | - | - | - | 128.18 | - | - |
| Total Non-Current Liabilities | 3.9M | 3.93M | 4.47M | 4.98M | 5.53M | 7.67M | 21.94M | 824K | 0 |
| Long-Term Debt | 3.35M | 3.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 10.71M | 0 | 3.89M | 4.28M | 4.65M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 554K | 470K | 584K | 695K | 879K | 7.67M | 21.94M | 824K | 0 |
| Total Liabilities | 32.7M | 34.24M | 28.33M | 28.38M | 36.49M | 55.64M | 43.62M | 18.74M | 7.13M |
| Total Debt | 6.84M | 12.43M | 4.28M | 4.28M | 4.65M | 0 | 0 | 0 | 0 |
| Net Debt | -10.06M | -5.89M | -3.54M | -33.43M | -35.36M | -15.22M | -11.2M | -8.82M | -62.52M |
| Debt / Equity | 0.19x | 0.30x | 0.07x | 0.06x | 0.04x | - | - | - | - |
| Debt / EBITDA | 3.24x | 1.69x | 0.70x | - | - | - | - | - | - |
| Net Debt / EBITDA | -4.76x | -0.80x | -0.58x | - | - | - | - | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 36.46M | 41.49M | 57.85M | 72.65M | 117.63M | 161.94M | 44.97M | 63.72M | 105.05M |
| Equity Growth % | -112.8% | -28.28% | -20.37% | -38.24% | -27.36% | 260.06% | -29.42% | -39.34% | - |
| Book Value per Share | 0.62 | 0.72 | 1.06 | 1.37 | 2.23 | 3.13 | 0.86 | 4.84 | 5.25 |
| Total Shareholders' Equity | 36.46M | 41.49M | 57.85M | 72.65M | 117.63M | 161.94M | 44.97M | 63.72M | 105.05M |
| Common Stock | 5K | 5K | 5K | 5K | 5K | 5K | 4K | 1K | 200K |
| Retained Earnings | -342.12M | -335.84M | -308.41M | -290M | -241.1M | -190.18M | -152.55M | -91.64M | -34.44M |
| Treasury Stock | 0 | -251K | -251K | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | -40K | -222K | 10K | 189K | 5K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and capital exhaustion
As reported in recent financial statements, CuriosityStream's total assets have declined from $101.0 million in 2023Q4 to $69.2 million by 2026Q1, reflecting a consistent contraction in the company's resource base as it struggles to achieve sustainable profitability while managing ongoing operational cash requirements.
The consistent decline in total assets suggests that the company is consuming its capital base to fund operations rather than reinvesting for growth. This trajectory warrants close monitoring, as the shrinking asset base may limit future strategic flexibility and the ability to maintain the content library.
Based on the company's 2026Q1 filings, the current ratio has compressed to 0.95, a significant deterioration from the 2.17 level observed in 2024Q2, indicating that current liabilities now exceed current assets and leaving the firm with limited flexibility to absorb unexpected operational shocks.
The drop in the current ratio below parity suggests that the company may face increasing pressure to secure additional financing or aggressively manage working capital to meet short-term obligations. Investors should consider this a primary indicator of heightened financial risk given the company's history of negative operating cash flows.
According to the latest quarterly data, CuriosityStream's total debt increased to $6.8 million in 2026Q1 from a low of $4.0 million in 2024Q3, signaling a shift toward debt-based financing as internal cash generation remains insufficient to cover the company's ongoing capital requirements.
While the debt-to-equity ratio remains relatively low at 0.19, the recent uptick in debt usage suggests that management is increasingly relying on external credit to bridge the gap between operating expenses and revenue. This trend may indicate that the company's internal cash flow durability is insufficient to support its current business model.
As indicated by the financial statements, shareholders' equity has fallen from $72.6 million in 2023Q4 to $36.5 million in 2026Q1, primarily driven by the accumulation of significant retained losses which reached negative $342.1 million in the most recent quarter.
The persistent growth of the deficit in retained earnings highlights the structural difficulty the company faces in achieving profitability. This erosion of equity suggests that the business model has yet to demonstrate the scalability required to generate value for shareholders, making the current valuation highly dependent on future performance improvements.
Based on the provided balance sheet data, the complete removal of $44.9 million in goodwill from 2023Q4 to 2026Q1 suggests that the company has already recognized significant impairment, which may indicate that previous acquisitions failed to deliver the expected strategic value to the core streaming business.
The total write-down of goodwill is a non-obvious indicator that the company's historical growth-by-acquisition strategy was value-destructive. Analysts should remain cautious regarding the valuation of remaining assets, as further impairments could potentially impact the already strained equity position.
Quick answers to the most common questions about buying CURI stock.
As of 2025, CuriosityStream Inc. (CURI) had total assets of $75.7M including $37.4M in current assets.
CuriosityStream Inc. (CURI) carries total debt of $12.4M, offset by $18.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CuriosityStream Inc. (CURI) has total shareholders' equity (book value) of $41.5M ($0.72 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CuriosityStream Inc. (CURI) reported a current ratio of 1.23x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.