CuriosityStream Inc-A 2026年季度报告

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026 oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from _________ to _________ CURIOSITYSTREAM INC. (Exact Name of Registrant as Specified in Its Charter) 84-1797523 Delaware (State or other jurisdiction ofincorporation or organization) (I.R.S. EmployerIdentification No.) 8484 Georgia Ave., Suite 700Silver Spring, Maryland 20910(Address of principal executive offices) (301) 755-2050(Issuer’s telephone number) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files). Yes x No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “acceleratedfiler”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May8, 2026, 59,287,600 shares of common stock of the registrant were issued and outstanding. CURIOSITYSTREAM INC.QUARTERLY REPORT ON FORM 10-Q Table of Contents Item 1. Financial Statements (unaudited)Condensed Consolidated Balance Sheets1CondensedConsolidated Statements of Operations2CondensedConsolidated Statements of Stockholders’ Equity3Condensed Consolidated Statements of Cash Flows4Notes to Unaudited Consolidated Financial Statements5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations24Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk31Item 4. Controls and Procedures31Part II. Other InformationItem 1. Legal Proceedings33Item 1A. Risk Factors33Item 6. Exhibits34Part III. Signatures36 CURIOSITYSTREAM INC.CONDENSEDCONSOLIDATED STATEMENTS OF OPERATIONS CURIOSITYSTREAM INC.CONDENSEDCONSOLIDATED STATEMENTS OF CASH FLOWS CURIOSITYSTREAM INC.UNAUDITED NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 - ORGANIZATION AND BUSINESS OnOctober 14,2020,Software Acquisition Group Inc.,a special purpose acquisition company and a Delawarecorporation (“SAQN”), consummated a reverse merger pursuant to that certain Agreement and Plan of Merger, datedAugust 10, 2020 (the “Business Combination”). Upon the consummation of the Business Combination, CuriosityStreamOperating Inc., a Delaware corporation (“Legacy CuriosityStream”) became a wholly owned subsidiary of SAQN, and theregistrant changed its name from “Software Acquisition Group Inc.” to “CuriosityStream Inc.” Following the consummationof the Business Combination, Legacy CuriosityStream changed its name from “CuriosityStream Operating Inc.” to“Curiosity Inc.” The principal business of CuriosityStream Inc. (the "Company" or "CuriosityStream") is providing customers with access tohigh quality factual content via subscription or license. The Company's online library available for streaming spans the entire category of factual entertainment including science,history, society, nature, lifestyle, and technology packaged as three distinct subscription video-on-demand (“SVOD”)services: the flagship Curiosity Stream, Curiosity University and Catholic Stream. Individual customers can purchasesubscriptions directly via the Company’s SVOD platform accessible by internet connected devices and applications forsuch devices as well as through distributor channel stores offering subscriptions to Company products on an a la cartebasis. Individual subscriptions may be monthly or annual and pricing may vary based on the customer’s locationworldwide.Customers may also subscribe to Company services indirectly via distribution partners who deliverCuriosityStream content via the distributor’s platform or system. Such wholesale distribution agreements typical