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Side-by-side financial comparison of CuriosityStream Inc. (CURI) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.
KKR Real Estate Finance Trust Inc. is the larger business by last-quarter revenue ($25.8M vs $19.2M, roughly 1.3× CuriosityStream Inc.). CuriosityStream Inc. runs the higher net margin — -19.7% vs -101.7%, a 82.0% gap on every dollar of revenue. On growth, CuriosityStream Inc. posted the faster year-over-year revenue change (35.8% vs -26.6%). Over the past eight quarters, CuriosityStream Inc.'s revenue compounded faster (26.5% CAGR vs -18.8%).
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.
KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.
CURI vs KREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.2M | $25.8M |
| Net Profit | $-3.8M | $-26.2M |
| Gross Margin | — | — |
| Operating Margin | -17.6% | -105.1% |
| Net Margin | -19.7% | -101.7% |
| Revenue YoY | 35.8% | -26.6% |
| Net Profit YoY | -34.6% | -229.6% |
| EPS (diluted) | $-0.07 | $-0.49 |
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.
| Q4 25 | $19.2M | $25.8M | ||
| Q3 25 | $18.4M | $25.3M | ||
| Q2 25 | $19.0M | $30.2M | ||
| Q1 25 | $15.1M | $31.3M | ||
| Q4 24 | $14.1M | $35.1M | ||
| Q3 24 | $12.6M | $37.0M | ||
| Q2 24 | $12.4M | $40.4M | ||
| Q1 24 | $12.0M | $39.1M |
| Q4 25 | $-3.8M | $-26.2M | ||
| Q3 25 | $-3.7M | $13.8M | ||
| Q2 25 | $784.0K | $-29.7M | ||
| Q1 25 | $319.0K | $-4.9M | ||
| Q4 24 | $-2.8M | $20.3M | ||
| Q3 24 | $-3.1M | $-7.4M | ||
| Q2 24 | $-2.0M | $25.8M | ||
| Q1 24 | $-5.0M | $-3.1M |
| Q4 25 | -17.6% | -105.1% | ||
| Q3 25 | -24.5% | 50.4% | ||
| Q2 25 | 2.5% | -101.3% | ||
| Q1 25 | 0.5% | -18.3% | ||
| Q4 24 | -27.4% | 55.8% | ||
| Q3 24 | -25.8% | -19.6% | ||
| Q2 24 | -20.6% | 63.3% | ||
| Q1 24 | -30.4% | -8.7% |
| Q4 25 | -19.7% | -101.7% | ||
| Q3 25 | -20.4% | 54.4% | ||
| Q2 25 | 4.1% | -98.5% | ||
| Q1 25 | 2.1% | -15.5% | ||
| Q4 24 | -19.9% | 57.7% | ||
| Q3 24 | -24.3% | -20.0% | ||
| Q2 24 | -16.4% | 63.9% | ||
| Q1 24 | -42.0% | -7.9% |
| Q4 25 | $-0.07 | $-0.49 | ||
| Q3 25 | $-0.06 | $0.12 | ||
| Q2 25 | $0.01 | $-0.53 | ||
| Q1 25 | $0.01 | $-0.15 | ||
| Q4 24 | $-0.05 | $0.22 | ||
| Q3 24 | $-0.06 | $-0.19 | ||
| Q2 24 | $-0.04 | $0.29 | ||
| Q1 24 | $-0.09 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $27.3M | $84.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $41.5M | $1.2B |
| Total Assets | $75.7M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $84.6M | ||
| Q3 25 | $27.8M | $204.1M | ||
| Q2 25 | $28.1M | $107.7M | ||
| Q1 25 | $33.4M | $106.4M | ||
| Q4 24 | $32.1M | $104.9M | ||
| Q3 24 | $33.2M | $108.8M | ||
| Q2 24 | $39.5M | $107.2M | ||
| Q1 24 | $38.8M | $106.5M |
| Q4 25 | $41.5M | $1.2B | ||
| Q3 25 | $47.2M | $1.2B | ||
| Q2 25 | $49.8M | $1.2B | ||
| Q1 25 | $58.1M | $1.3B | ||
| Q4 24 | $57.8M | $1.3B | ||
| Q3 24 | $62.2M | $1.4B | ||
| Q2 24 | $64.8M | $1.4B | ||
| Q1 24 | $67.0M | $1.4B |
| Q4 25 | $75.7M | $6.5B | ||
| Q3 25 | $74.7M | $6.5B | ||
| Q2 25 | $78.7M | $6.8B | ||
| Q1 25 | $85.3M | $6.6B | ||
| Q4 24 | $86.2M | $6.4B | ||
| Q3 24 | $87.6M | $6.8B | ||
| Q2 24 | $90.9M | $7.1B | ||
| Q1 24 | $94.6M | $7.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.0M | $72.3M |
| Free Cash FlowOCF − Capex | $3.9M | — |
| FCF MarginFCF / Revenue | 20.5% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0M | $72.3M | ||
| Q3 25 | $4.4M | $18.5M | ||
| Q2 25 | $2.8M | $21.1M | ||
| Q1 25 | $1.9M | $15.9M | ||
| Q4 24 | $3.0M | $132.6M | ||
| Q3 24 | $2.3M | $49.1M | ||
| Q2 24 | $2.2M | $30.6M | ||
| Q1 24 | $666.0K | $34.5M |
| Q4 25 | $3.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 20.5% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 12.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 3.56× | — | ||
| Q1 25 | 6.03× | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
