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

ARS Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($28.1M vs $19.2M, roughly 1.5× CuriosityStream Inc.). CuriosityStream Inc. runs the higher net margin — -19.7% vs -147.1%, a 127.4% gap on every dollar of revenue. On growth, CuriosityStream Inc. posted the faster year-over-year revenue change (35.8% vs -67.6%).

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.

ARS Pharmaceuticals, Inc. is a late-stage biopharmaceutical firm specializing in the development and commercialization of novel therapies for severe allergic reactions, most notably needle-free epinephrine delivery solutions for anaphylaxis. It primarily operates in the North American market, catering to both pediatric and adult patient groups at risk of life-threatening allergic responses.

CURI vs SPRY — Head-to-Head

Bigger by revenue
SPRY
SPRY
1.5× larger
SPRY
$28.1M
$19.2M
CURI
Growing faster (revenue YoY)
CURI
CURI
+103.4% gap
CURI
35.8%
-67.6%
SPRY
Higher net margin
CURI
CURI
127.4% more per $
CURI
-19.7%
-147.1%
SPRY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CURI
CURI
SPRY
SPRY
Revenue
$19.2M
$28.1M
Net Profit
$-3.8M
$-41.3M
Gross Margin
Operating Margin
-17.6%
-147.6%
Net Margin
-19.7%
-147.1%
Revenue YoY
35.8%
-67.6%
Net Profit YoY
-34.6%
-182.8%
EPS (diluted)
$-0.07
$-0.41

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
SPRY
SPRY
Q4 25
$19.2M
$28.1M
Q3 25
$18.4M
$32.5M
Q2 25
$19.0M
$15.7M
Q1 25
$15.1M
$8.0M
Q4 24
$14.1M
$86.6M
Q3 24
$12.6M
$2.1M
Q2 24
$12.4M
$500.0K
Q1 24
$12.0M
$0
Net Profit
CURI
CURI
SPRY
SPRY
Q4 25
$-3.8M
$-41.3M
Q3 25
$-3.7M
$-51.2M
Q2 25
$784.0K
$-44.9M
Q1 25
$319.0K
$-33.9M
Q4 24
$-2.8M
$49.9M
Q3 24
$-3.1M
$-19.1M
Q2 24
$-2.0M
$-12.5M
Q1 24
$-5.0M
$-10.3M
Operating Margin
CURI
CURI
SPRY
SPRY
Q4 25
-17.6%
-147.6%
Q3 25
-24.5%
-163.7%
Q2 25
2.5%
-302.9%
Q1 25
0.5%
-466.3%
Q4 24
-27.4%
54.5%
Q3 24
-25.8%
-1051.6%
Q2 24
-20.6%
-3068.0%
Q1 24
-30.4%
Net Margin
CURI
CURI
SPRY
SPRY
Q4 25
-19.7%
-147.1%
Q3 25
-20.4%
-157.4%
Q2 25
4.1%
-285.6%
Q1 25
2.1%
-425.7%
Q4 24
-19.9%
57.7%
Q3 24
-24.3%
-925.0%
Q2 24
-16.4%
-2503.2%
Q1 24
-42.0%
EPS (diluted)
CURI
CURI
SPRY
SPRY
Q4 25
$-0.07
$-0.41
Q3 25
$-0.06
$-0.52
Q2 25
$0.01
$-0.46
Q1 25
$0.01
$-0.35
Q4 24
$-0.05
$0.52
Q3 24
$-0.06
$-0.20
Q2 24
$-0.04
$-0.13
Q1 24
$-0.09
$-0.11

Balance Sheet & Financial Strength

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

Metric
CURI
CURI
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$27.3M
$245.0M
Total DebtLower is stronger
$96.4M
Stockholders' EquityBook value
$41.5M
$114.3M
Total Assets
$75.7M
$327.7M
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CURI
CURI
SPRY
SPRY
Q4 25
$27.3M
$245.0M
Q3 25
$27.8M
$288.2M
Q2 25
$28.1M
$240.1M
Q1 25
$33.4M
$275.7M
Q4 24
$32.1M
$314.0M
Q3 24
$33.2M
$204.6M
Q2 24
$39.5M
$218.7M
Q1 24
$38.8M
$223.6M
Total Debt
CURI
CURI
SPRY
SPRY
Q4 25
$96.4M
Q3 25
$96.2M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CURI
CURI
SPRY
SPRY
Q4 25
$41.5M
$114.3M
Q3 25
$47.2M
$147.7M
Q2 25
$49.8M
$192.3M
Q1 25
$58.1M
$229.0M
Q4 24
$57.8M
$256.8M
Q3 24
$62.2M
$201.0M
Q2 24
$64.8M
$215.2M
Q1 24
$67.0M
$223.9M
Total Assets
CURI
CURI
SPRY
SPRY
Q4 25
$75.7M
$327.7M
Q3 25
$74.7M
$372.8M
Q2 25
$78.7M
$313.5M
Q1 25
$85.3M
$327.3M
Q4 24
$86.2M
$351.2M
Q3 24
$87.6M
$217.6M
Q2 24
$90.9M
$222.0M
Q1 24
$94.6M
$227.6M
Debt / Equity
CURI
CURI
SPRY
SPRY
Q4 25
0.84×
Q3 25
0.65×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
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
SPRY
SPRY
Operating Cash FlowLast quarter
$4.0M
$-43.5M
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
SPRY
SPRY
Q4 25
$4.0M
$-43.5M
Q3 25
$4.4M
$-47.0M
Q2 25
$2.8M
$-39.6M
Q1 25
$1.9M
$-40.7M
Q4 24
$3.0M
$42.0M
Q3 24
$2.3M
$-14.5M
Q2 24
$2.2M
$-7.3M
Q1 24
$666.0K
$-6.7M
Free Cash Flow
CURI
CURI
SPRY
SPRY
Q4 25
$3.9M
Q3 25
$-47.2M
Q2 25
$-39.6M
Q1 25
$1.8M
$-40.8M
Q4 24
$41.7M
Q3 24
$-14.6M
Q2 24
$-7.3M
Q1 24
$-6.8M
FCF Margin
CURI
CURI
SPRY
SPRY
Q4 25
20.5%
Q3 25
-145.4%
Q2 25
-252.2%
Q1 25
12.2%
-512.1%
Q4 24
48.2%
Q3 24
-706.3%
Q2 24
-1463.4%
Q1 24
Capex Intensity
CURI
CURI
SPRY
SPRY
Q4 25
0.1%
0.0%
Q3 25
0.0%
0.6%
Q2 25
0.0%
0.3%
Q1 25
0.5%
1.1%
Q4 24
0.0%
0.3%
Q3 24
0.0%
6.8%
Q2 24
0.0%
7.6%
Q1 24
0.0%
Cash Conversion
CURI
CURI
SPRY
SPRY
Q4 25
Q3 25
Q2 25
3.56×
Q1 25
6.03×
Q4 24
0.84×
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.

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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