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Side-by-side financial comparison of CuriosityStream Inc. (CURI) and Metalpha Technology Holding Ltd (MATH). Click either name above to swap in a different company.

CuriosityStream Inc. is the larger business by last-quarter revenue ($19.2M vs $12.0M, roughly 1.6× Metalpha Technology Holding Ltd). CuriosityStream Inc. runs the higher net margin — -19.7% vs -24.0%, a 4.3% gap on every dollar of revenue. On growth, CuriosityStream Inc. posted the faster year-over-year revenue change (35.8% vs -39.0%).

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.

Metalpha Technology Holding Ltd is a global fintech firm specializing in digital asset wealth management, institutional-grade crypto investment services, and Web3 ecosystem infrastructure support. It serves professional investors, financial institutions, and high-net-worth clients across Asia, North America and Europe, with core segments including structured digital asset products, risk management solutions and DeFi technology development.

CURI vs MATH — Head-to-Head

Bigger by revenue
CURI
CURI
1.6× larger
CURI
$19.2M
$12.0M
MATH
Growing faster (revenue YoY)
CURI
CURI
+74.9% gap
CURI
35.8%
-39.0%
MATH
Higher net margin
CURI
CURI
4.3% more per $
CURI
-19.7%
-24.0%
MATH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CURI
CURI
MATH
MATH
Revenue
$19.2M
$12.0M
Net Profit
$-3.8M
$-2.9M
Gross Margin
28.3%
Operating Margin
-17.6%
-24.2%
Net Margin
-19.7%
-24.0%
Revenue YoY
35.8%
-39.0%
Net Profit YoY
-34.6%
-147.7%
EPS (diluted)
$-0.07
$-0.07

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
MATH
MATH
Q4 25
$19.2M
Q3 25
$18.4M
$12.0M
Q2 25
$19.0M
Q1 25
$15.1M
$24.8M
Q4 24
$14.1M
Q3 24
$12.6M
$19.7M
Q2 24
$12.4M
Q1 24
$12.0M
Net Profit
CURI
CURI
MATH
MATH
Q4 25
$-3.8M
Q3 25
$-3.7M
$-2.9M
Q2 25
$784.0K
Q1 25
$319.0K
$9.8M
Q4 24
$-2.8M
Q3 24
$-3.1M
$6.0M
Q2 24
$-2.0M
Q1 24
$-5.0M
Gross Margin
CURI
CURI
MATH
MATH
Q4 25
Q3 25
28.3%
Q2 25
Q1 25
85.7%
Q4 24
Q3 24
49.5%
Q2 24
Q1 24
Operating Margin
CURI
CURI
MATH
MATH
Q4 25
-17.6%
Q3 25
-24.5%
-24.2%
Q2 25
2.5%
Q1 25
0.5%
39.3%
Q4 24
-27.4%
Q3 24
-25.8%
38.9%
Q2 24
-20.6%
Q1 24
-30.4%
Net Margin
CURI
CURI
MATH
MATH
Q4 25
-19.7%
Q3 25
-20.4%
-24.0%
Q2 25
4.1%
Q1 25
2.1%
39.6%
Q4 24
-19.9%
Q3 24
-24.3%
30.7%
Q2 24
-16.4%
Q1 24
-42.0%
EPS (diluted)
CURI
CURI
MATH
MATH
Q4 25
$-0.07
Q3 25
$-0.06
$-0.07
Q2 25
$0.01
Q1 25
$0.01
$0.25
Q4 24
$-0.05
Q3 24
$-0.06
$0.16
Q2 24
$-0.04
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
CURI
CURI
MATH
MATH
Cash + ST InvestmentsLiquidity on hand
$27.3M
$10.1M
Total DebtLower is stronger
$101.2K
Stockholders' EquityBook value
$41.5M
$35.1M
Total Assets
$75.7M
$413.8M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURI
CURI
MATH
MATH
Q4 25
$27.3M
Q3 25
$27.8M
$10.1M
Q2 25
$28.1M
Q1 25
$33.4M
$6.9M
Q4 24
$32.1M
Q3 24
$33.2M
$3.8M
Q2 24
$39.5M
Q1 24
$38.8M
Total Debt
CURI
CURI
MATH
MATH
Q4 25
Q3 25
$101.2K
Q2 25
Q1 25
$188.0K
Q4 24
Q3 24
$275.1K
Q2 24
Q1 24
Stockholders' Equity
CURI
CURI
MATH
MATH
Q4 25
$41.5M
Q3 25
$47.2M
$35.1M
Q2 25
$49.8M
Q1 25
$58.1M
$36.6M
Q4 24
$57.8M
Q3 24
$62.2M
$25.3M
Q2 24
$64.8M
Q1 24
$67.0M
Total Assets
CURI
CURI
MATH
MATH
Q4 25
$75.7M
Q3 25
$74.7M
$413.8M
Q2 25
$78.7M
Q1 25
$85.3M
$246.8M
Q4 24
$86.2M
Q3 24
$87.6M
$237.2M
Q2 24
$90.9M
Q1 24
$94.6M
Debt / Equity
CURI
CURI
MATH
MATH
Q4 25
Q3 25
0.00×
Q2 25
Q1 25
0.01×
Q4 24
Q3 24
0.01×
Q2 24
Q1 24

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
MATH
MATH
Operating Cash FlowLast quarter
$4.0M
$3.3M
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.

Operating Cash Flow
CURI
CURI
MATH
MATH
Q4 25
$4.0M
Q3 25
$4.4M
$3.3M
Q2 25
$2.8M
Q1 25
$1.9M
$16.2M
Q4 24
$3.0M
Q3 24
$2.3M
$-16.1M
Q2 24
$2.2M
Q1 24
$666.0K
Free Cash Flow
CURI
CURI
MATH
MATH
Q4 25
$3.9M
Q3 25
Q2 25
Q1 25
$1.8M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
CURI
CURI
MATH
MATH
Q4 25
20.5%
Q3 25
Q2 25
Q1 25
12.2%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
CURI
CURI
MATH
MATH
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%
Cash Conversion
CURI
CURI
MATH
MATH
Q4 25
Q3 25
Q2 25
3.56×
Q1 25
6.03×
1.64×
Q4 24
Q3 24
-2.66×
Q2 24
Q1 24

Financial Flow Comparison

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

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