Quarterly ResultMay 14, 2026, 05:17 PM
CuriosityStream Q1 Net Loss $(1.33)M; Acquires Spiegel Venture
AI Summary
CuriosityStream Inc. reported a net loss of $(1.33) million for Q1 2026, a significant decline from a net income of $0.32 million in Q1 2025, despite a slight revenue increase to $15.16 million. The company is set to acquire 100% of Spiegel Venture for $1.9 million in mid-2026, following the exercise of put options. Additionally, CuriosityStream secured a new $10.0 million revolving credit facility and expanded its share repurchase program by $2.0 million.
Key Highlights
- Spiegel TV and Autentic exercised put options, leading to CuriosityStream's 100% acquisition of Spiegel Venture for $1.9 million by mid-2026.
- Q1 2026 net loss was $(1.33) million, compared to net income of $0.32 million in Q1 2025.
- Q1 2026 basic net loss per share was $(0.02), down from $0.01 income per share in Q1 2025.
- Total revenues for Q1 2026 increased slightly to $15.16 million from $15.09 million in Q1 2025.
- Operating loss for Q1 2026 was $(1.54) million, a decline from an operating income of $0.08 million in Q1 2025.
- Secured a new $10.0 million Senior Secured Revolving Credit Facility with Citibank, maturing March 12, 2029.
- Board authorized an additional $2.0 million for share repurchases, increasing the total program to $6.0 million.
- Net cash provided by operating activities decreased to $1.21 million in Q1 2026 from $1.92 million in Q1 2025.