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Side-by-side financial comparison of CuriosityStream Inc. (CURI) and Forward Industries, Inc. (FWDI). Click either name above to swap in a different company.

Forward Industries, Inc. is the larger business by last-quarter revenue ($21.4M vs $19.2M, roughly 1.1× CuriosityStream Inc.). CuriosityStream Inc. runs the higher net margin — -19.7% vs -2732.2%, a 2712.5% gap on every dollar of revenue. On growth, Forward Industries, Inc. posted the faster year-over-year revenue change (224.0% vs 35.8%). Over the past eight quarters, Forward Industries, Inc.'s revenue compounded faster (74.6% CAGR vs 26.5%).

Curiosity Stream Inc., formerly branded as CuriosityStream, is an American media company and over-the-top subscription video streaming service which offers documentary programming including films, series, and TV shows. The company offers a video on demand subscription service branded as "Curiosity Stream" and a linear broadcast television channel known as the Curiosity Channel through various services including FuboTV and The Roku Channel.

Melrose Industries plc is a British aerospace manufacturing company based in Birmingham, England. It is the parent company of GKN Aerospace. The company's shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.

CURI vs FWDI — Head-to-Head

Bigger by revenue
FWDI
FWDI
1.1× larger
FWDI
$21.4M
$19.2M
CURI
Growing faster (revenue YoY)
FWDI
FWDI
+188.2% gap
FWDI
224.0%
35.8%
CURI
Higher net margin
CURI
CURI
2712.5% more per $
CURI
-19.7%
-2732.2%
FWDI
Faster 2-yr revenue CAGR
FWDI
FWDI
Annualised
FWDI
74.6%
26.5%
CURI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CURI
CURI
FWDI
FWDI
Revenue
$19.2M
$21.4M
Net Profit
$-3.8M
$-585.7M
Gross Margin
78.6%
Operating Margin
-17.6%
-2722.8%
Net Margin
-19.7%
-2732.2%
Revenue YoY
35.8%
224.0%
Net Profit YoY
-34.6%
-82611.5%
EPS (diluted)
$-0.07
$-5.91

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CURI
CURI
FWDI
FWDI
Q4 25
$19.2M
$21.4M
Q3 25
$18.4M
$7.9M
Q2 25
$19.0M
$2.5M
Q1 25
$15.1M
$3.1M
Q4 24
$14.1M
$6.6M
Q3 24
$12.6M
Q2 24
$12.4M
$7.8M
Q1 24
$12.0M
$5.1M
Net Profit
CURI
CURI
FWDI
FWDI
Q4 25
$-3.8M
$-585.7M
Q3 25
$-3.7M
$-164.0M
Q2 25
$784.0K
$-850.0K
Q1 25
$319.0K
$-1.5M
Q4 24
$-2.8M
$-708.1K
Q3 24
$-3.1M
Q2 24
$-2.0M
$-399.6K
Q1 24
$-5.0M
$-553.2K
Gross Margin
CURI
CURI
FWDI
FWDI
Q4 25
78.6%
Q3 25
61.1%
Q2 25
Q1 25
-5.7%
Q4 24
17.1%
Q3 24
Q2 24
16.8%
Q1 24
26.2%
Operating Margin
CURI
CURI
FWDI
FWDI
Q4 25
-17.6%
-2722.8%
Q3 25
-24.5%
-39.2%
Q2 25
2.5%
-102.6%
Q1 25
0.5%
-58.3%
Q4 24
-27.4%
-13.6%
Q3 24
-25.8%
Q2 24
-20.6%
-5.9%
Q1 24
-30.4%
-12.2%
Net Margin
CURI
CURI
FWDI
FWDI
Q4 25
-19.7%
-2732.2%
Q3 25
-20.4%
-2063.6%
Q2 25
4.1%
-34.1%
Q1 25
2.1%
-46.5%
Q4 24
-19.9%
-10.7%
Q3 24
-24.3%
Q2 24
-16.4%
-5.1%
Q1 24
-42.0%
-10.9%
EPS (diluted)
CURI
CURI
FWDI
FWDI
Q4 25
$-0.07
$-5.91
Q3 25
$-0.06
$-21.86
Q2 25
$0.01
$-0.77
Q1 25
$0.01
$-1.32
Q4 24
$-0.05
$-0.64
Q3 24
$-0.06
Q2 24
$-0.04
$-0.36
Q1 24
$-0.09
$-0.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CURI
CURI
FWDI
FWDI
Cash + ST InvestmentsLiquidity on hand
$27.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$41.5M
$880.9M
Total Assets
$75.7M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURI
CURI
FWDI
FWDI
Q4 25
$27.3M
Q3 25
$27.8M
Q2 25
$28.1M
Q1 25
$33.4M
Q4 24
$32.1M
Q3 24
$33.2M
Q2 24
$39.5M
Q1 24
$38.8M
Stockholders' Equity
CURI
CURI
FWDI
FWDI
Q4 25
$41.5M
$880.9M
Q3 25
$47.2M
$1.5B
Q2 25
$49.8M
$3.4M
Q1 25
$58.1M
$3.6M
Q4 24
$57.8M
$2.3M
Q3 24
$62.2M
Q2 24
$64.8M
$1.4M
Q1 24
$67.0M
$1.8M
Total Assets
CURI
CURI
FWDI
FWDI
Q4 25
$75.7M
$892.9M
Q3 25
$74.7M
$1.5B
Q2 25
$78.7M
$8.3M
Q1 25
$85.3M
$12.3M
Q4 24
$86.2M
Q3 24
$87.6M
Q2 24
$90.9M
$15.2M
Q1 24
$94.6M
$15.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CURI
CURI
FWDI
FWDI
Operating Cash FlowLast quarter
$4.0M
$-7.9M
Free Cash FlowOCF − Capex
$3.9M
FCF MarginFCF / Revenue
20.5%
Capex IntensityCapex / Revenue
0.1%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CURI
CURI
FWDI
FWDI
Q4 25
$4.0M
$-7.9M
Q3 25
$4.4M
$-4.5M
Q2 25
$2.8M
$-1.2M
Q1 25
$1.9M
$-537.6K
Q4 24
$3.0M
$-434.3K
Q3 24
$2.3M
Q2 24
$2.2M
$436.0K
Q1 24
$666.0K
Free Cash Flow
CURI
CURI
FWDI
FWDI
Q4 25
$3.9M
Q3 25
$-4.5M
Q2 25
$-1.2M
Q1 25
$1.8M
$-539.0K
Q4 24
$-439.7K
Q3 24
Q2 24
$426.8K
Q1 24
FCF Margin
CURI
CURI
FWDI
FWDI
Q4 25
20.5%
Q3 25
-57.0%
Q2 25
-50.0%
Q1 25
12.2%
-17.3%
Q4 24
-6.6%
Q3 24
Q2 24
5.5%
Q1 24
Capex Intensity
CURI
CURI
FWDI
FWDI
Q4 25
0.1%
0.0%
Q3 25
0.0%
0.3%
Q2 25
0.0%
0.8%
Q1 25
0.5%
0.0%
Q4 24
0.0%
0.1%
Q3 24
0.0%
Q2 24
0.0%
0.1%
Q1 24
0.0%
Cash Conversion
CURI
CURI
FWDI
FWDI
Q4 25
Q3 25
Q2 25
3.56×
Q1 25
6.03×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CURI
CURI

Segment breakdown not available.

FWDI
FWDI

CODM$17.4M81%
Design Segment$4.1M19%

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