v3.25.4
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Components of the Provision for Income Taxes
For the years ended December 31, 2025, and 2024, the components of the provision for income taxes were as follows:
Year Ended December 31,
(in thousands)20252024
Current:
Federal$— $2 
State and Local29 15 
Foreign(15)115 
Total current provision$14 $132 
Deferred:  
Federal$— $— 
State and local— — 
Foreign— — 
Total deferred provision$— $— 
Total tax provision$14 $132 
Schedule of Reconciliation of Effective Income Tax Rate
For the year ended December 31, 2025, the following table reconciles the Company's effective income tax rate to the U.S. federal statutory income tax rate:
Year ended December 31, 2025
(in thousands, except percentages)Total%
Loss before income taxes(6,413)
U.S. federal statutory income tax provision (benefit)$(1,347)21.0 %
State and Local Income Tax, Net of Federal Income Tax Effect (a)
(137)2.1 %
Foreign Withholding Taxes(15)0.2 %
Nontaxable or Nondeductible Items
Officers Compensation1,473 (23.0)%
Stock Compensation Windfall(861)13.4 %
Other Permanent Items13 (0.2)%
Changes in Valuation Allowance769 (12.0)%
Other
Other119 (1.9)%
Effects of Changes in Tax Law— — %
Tax Credits— — %
Changes in Unrecognized Tax Benefits— — %
Total Effective Tax Rate$14 (0.2)%
(a) State taxes in CA, IL, NY, and NYC made up the majority (greater than 50%) of the tax effect in this category.
For the years ended December 31, 2024, the following table reconciles the Company’s effective income tax rate to the U.S. federal statutory income tax rate:
Year ended December 31, 2024
(in thousands, except percentages) Total%
Loss before income taxes$(12,809)
U.S. federal statutory income tax provision (benefit)$(2,697)21.1 %
State Taxes(351)2.7 %
Permanent Items1,013 (7.9)%
Change in Valuation Allowance(1,782)13.9 %
Deferred Adjustments3,314 (25.9)%
RTP Adjustments229 (1.8)%
Foreign Withholding Taxes115 (0.9)%
Current/Deferred Rate Differential2 — %
Change in State Rate266 (2.1)%
Other23 (0.2)%
Total tax provision$132 (1.0)%
Schedule of Cash Taxes Paid
The amounts of cash taxes (refunded) paid by CuriosityStream are as follows:
Year Ended December 31,
(in thousands)20252024
Federal$— $— 
State29 9 
Foreign
Foreign Withholding Taxes(216)— 
Others 170 — 
Income Taxes, Net of Amounts Refunded(17)9 
Other Taxes— — 
Total$(17)$9 
Schedule of Deferred Tax Assets and Liabilities As of December 31, 2025, and 2024, the significant components of deferred tax assets and liabilities were as follows:
Year Ended December 31,
(in thousands)
20252024
Deferred tax assets:
Net operating loss carryforwards$55,414 $56,835 
Accrued expenses and reserves1,289 712 
Intangibles and content assets6,539 7,267 
Stock based compensation1,780146 
Lease liability895 1,031 
Equity method investment in Spiegel848 574 
Other182 228 
Total deferred tax asset66,947 66,793 
Valuation allowance(66,311)(66,055)
Deferred tax assets, net of valuation allowance$636 $738 
Deferred tax liabilities:
ROU asset(636)(738)
Deferred tax liabilities, net$— $—