CuriosityStream | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 23.25 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q2, the actual value is USD 23.25 M, beating the estimate of USD 21.21 M.
EPS: As of FY2026 Q2, the actual value is USD 0.15.
EBIT: As of FY2026 Q2, the actual value is USD 9.316 M.
Second Quarter 2026 Financial Performance
Profitability
CuriosityStream Inc.’s gross profit for Q2 2026 was $16.9 million, an increase from $10.1 million in Q2 2025, with the gross margin expanding to 72.8% from 53.4%. The company reported a net income of $8.9 million in Q2 2026, significantly up from $0.8 million in Q2 2025. Adjusted EBITDA reached $11.4 million, an increase of $8.3 million compared to $3.0 million in Q2 2025, marking its sixth consecutive quarter of positive Adjusted EBITDA.
Operating Costs
Operating expenses were reduced by $4.5 million, or 24.1%, in Q2 2026 compared to Q2 2025.
Six Months Ended June 30, 2026 Financial Performance
Net Income
Net income for the six months ended June 30, 2026, was $7,554 thousand, compared to $1,103 thousand for the same period in 2025.
Adjusted EBITDA
Adjusted EBITDA for the six months ended June 30, 2026, was $12,277 thousand, up from $4,121 thousand for the same period in 2025.
Cash Flow
Net cash used in operating activities for the six months ended June 30, 2026, was - $2,950 thousand, a change from net cash provided by operating activities of $4,711 thousand for the same period in 2025. Adjusted Free Cash Flow for the six months ended June 30, 2026, was - $2,780 thousand, compared to $4,867 thousand in the prior year period.
Balance Sheet
As of June 30, 2026, CuriosityStream Inc. held a cash, restricted cash, and held-to-maturity securities balance of $10.9 million and had no debt.
Capital Allocation
During the six months ended June 30, 2026, CuriosityStream Inc. paid an ordinary dividend of $5.0 million and repurchased nearly $0.6 million in common shares. The Board of Directors declared a third-quarter cash dividend of $0.085 per share, payable on September 18, 2026.
Operational Metrics
CuriosityStream Inc. has expanded its private code corpus to more than 880 billion tokens for AI training. The company’s content library now includes rights to over three million hours of video and audio across multiple genres.
Financial Outlook
CuriosityStream Inc. raised its full-year 2026 guidance, expecting revenue in the range of $77 million to $82 million and Adjusted EBITDA between $18 million and $22 million. The company also anticipates a cash and investments balance of $17 million to $22 million by December 31, 2026.
