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Side-by-side financial comparison of CuriosityStream Inc. (CURI) and NELNET INC (NNI). Click either name above to swap in a different company.

NELNET INC is the larger business by last-quarter revenue ($33.5M vs $19.2M, roughly 1.7× CuriosityStream Inc.). NELNET INC runs the higher net margin — 172.3% vs -19.7%, a 192.0% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs 35.8%). NELNET INC produced more free cash flow last quarter ($396.7M vs $3.9M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% 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.

Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.

CURI vs NNI — Head-to-Head

Bigger by revenue
NNI
NNI
1.7× larger
NNI
$33.5M
$19.2M
CURI
Growing faster (revenue YoY)
NNI
NNI
+43.8% gap
NNI
79.6%
35.8%
CURI
Higher net margin
NNI
NNI
192.0% more per $
NNI
172.3%
-19.7%
CURI
More free cash flow
NNI
NNI
$392.8M more FCF
NNI
$396.7M
$3.9M
CURI
Faster 2-yr revenue CAGR
NNI
NNI
Annualised
NNI
62.0%
26.5%
CURI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CURI
CURI
NNI
NNI
Revenue
$19.2M
$33.5M
Net Profit
$-3.8M
$57.8M
Gross Margin
50.5%
Operating Margin
-17.6%
Net Margin
-19.7%
172.3%
Revenue YoY
35.8%
79.6%
Net Profit YoY
-34.6%
-8.5%
EPS (diluted)
$-0.07
$1.62

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
NNI
NNI
Q4 25
$19.2M
$33.5M
Q3 25
$18.4M
$23.2M
Q2 25
$19.0M
$26.1M
Q1 25
$15.1M
$24.7M
Q4 24
$14.1M
$18.7M
Q3 24
$12.6M
$16.6M
Q2 24
$12.4M
$14.9M
Q1 24
$12.0M
$12.8M
Net Profit
CURI
CURI
NNI
NNI
Q4 25
$-3.8M
$57.8M
Q3 25
$-3.7M
$106.7M
Q2 25
$784.0K
$181.5M
Q1 25
$319.0K
$82.6M
Q4 24
$-2.8M
$63.2M
Q3 24
$-3.1M
$2.4M
Q2 24
$-2.0M
$45.1M
Q1 24
$-5.0M
$73.4M
Gross Margin
CURI
CURI
NNI
NNI
Q4 25
50.5%
Q3 25
29.6%
Q2 25
29.8%
Q1 25
30.5%
Q4 24
13.7%
Q3 24
0.1%
Q2 24
27.3%
Q1 24
15.3%
Operating Margin
CURI
CURI
NNI
NNI
Q4 25
-17.6%
Q3 25
-24.5%
Q2 25
2.5%
Q1 25
0.5%
Q4 24
-27.4%
97.7%
Q3 24
-25.8%
-13.4%
Q2 24
-20.6%
88.0%
Q1 24
-30.4%
Net Margin
CURI
CURI
NNI
NNI
Q4 25
-19.7%
172.3%
Q3 25
-20.4%
460.5%
Q2 25
4.1%
694.9%
Q1 25
2.1%
334.4%
Q4 24
-19.9%
338.2%
Q3 24
-24.3%
14.4%
Q2 24
-16.4%
303.6%
Q1 24
-42.0%
574.4%
EPS (diluted)
CURI
CURI
NNI
NNI
Q4 25
$-0.07
$1.62
Q3 25
$-0.06
$2.94
Q2 25
$0.01
$4.97
Q1 25
$0.01
$2.26
Q4 24
$-0.05
$1.74
Q3 24
$-0.06
$0.07
Q2 24
$-0.04
$1.23
Q1 24
$-0.09
$1.98

Balance Sheet & Financial Strength

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

Metric
CURI
CURI
NNI
NNI
Cash + ST InvestmentsLiquidity on hand
$27.3M
$296.0M
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$41.5M
$3.7B
Total Assets
$75.7M
$14.1B
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURI
CURI
NNI
NNI
Q4 25
$27.3M
$296.0M
Q3 25
$27.8M
$216.4M
Q2 25
$28.1M
$225.8M
Q1 25
$33.4M
$220.5M
Q4 24
$32.1M
$194.5M
Q3 24
$33.2M
$219.7M
Q2 24
$39.5M
$145.5M
Q1 24
$38.8M
$179.7M
Total Debt
CURI
CURI
NNI
NNI
Q4 25
$7.8B
Q3 25
$7.8B
Q2 25
$7.9B
Q1 25
$8.7B
Q4 24
$8.3B
Q3 24
$8.9B
Q2 24
$9.6B
Q1 24
$10.6B
Stockholders' Equity
CURI
CURI
NNI
NNI
Q4 25
$41.5M
$3.7B
Q3 25
$47.2M
$3.7B
Q2 25
$49.8M
$3.6B
Q1 25
$58.1M
$3.4B
Q4 24
$57.8M
$3.3B
Q3 24
$62.2M
$3.3B
Q2 24
$64.8M
$3.3B
Q1 24
$67.0M
$3.3B
Total Assets
CURI
CURI
NNI
NNI
Q4 25
$75.7M
$14.1B
Q3 25
$74.7M
$13.9B
Q2 25
$78.7M
$13.7B
Q1 25
$85.3M
$14.2B
Q4 24
$86.2M
$13.8B
Q3 24
$87.6M
$14.1B
Q2 24
$90.9M
$14.5B
Q1 24
$94.6M
$15.4B
Debt / Equity
CURI
CURI
NNI
NNI
Q4 25
2.11×
Q3 25
2.14×
Q2 25
2.21×
Q1 25
2.53×
Q4 24
2.48×
Q3 24
2.72×
Q2 24
2.90×
Q1 24
3.20×

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
NNI
NNI
Operating Cash FlowLast quarter
$4.0M
$423.0M
Free Cash FlowOCF − Capex
$3.9M
$396.7M
FCF MarginFCF / Revenue
20.5%
1183.0%
Capex IntensityCapex / Revenue
0.1%
78.2%
Cash ConversionOCF / Net Profit
7.32×
TTM Free Cash FlowTrailing 4 quarters
$663.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CURI
CURI
NNI
NNI
Q4 25
$4.0M
$423.0M
Q3 25
$4.4M
$112.4M
Q2 25
$2.8M
$81.8M
Q1 25
$1.9M
$91.2M
Q4 24
$3.0M
$662.9M
Q3 24
$2.3M
$137.0M
Q2 24
$2.2M
$133.8M
Q1 24
$666.0K
$211.6M
Free Cash Flow
CURI
CURI
NNI
NNI
Q4 25
$3.9M
$396.7M
Q3 25
$100.8M
Q2 25
$78.1M
Q1 25
$1.8M
$87.8M
Q4 24
$642.0M
Q3 24
$132.6M
Q2 24
$123.1M
Q1 24
$188.3M
FCF Margin
CURI
CURI
NNI
NNI
Q4 25
20.5%
1183.0%
Q3 25
435.0%
Q2 25
299.0%
Q1 25
12.2%
355.6%
Q4 24
3438.0%
Q3 24
797.9%
Q2 24
829.2%
Q1 24
1473.7%
Capex Intensity
CURI
CURI
NNI
NNI
Q4 25
0.1%
78.2%
Q3 25
0.0%
50.4%
Q2 25
0.0%
14.2%
Q1 25
0.5%
13.7%
Q4 24
0.0%
111.9%
Q3 24
0.0%
26.7%
Q2 24
0.0%
71.5%
Q1 24
0.0%
181.7%
Cash Conversion
CURI
CURI
NNI
NNI
Q4 25
7.32×
Q3 25
1.05×
Q2 25
3.56×
0.45×
Q1 25
6.03×
1.10×
Q4 24
10.50×
Q3 24
57.39×
Q2 24
2.97×
Q1 24
2.88×

Financial Flow Comparison

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

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