CURI on Nasdaq

CuriosityStream Inc.

CuriosityStream Inc. is an American motion picture and video tape production services company.2 It is headquartered in Silver Spring, United States.2

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Last updated Oct 20, 2026.

Overview

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  • TickerCURI on Nasdaq2
  • IndustryServices-Motion Picture & Video Tape Production2
  • HeadquartersSilver Spring, United States2
  • Incorporated inDE3
  • Business address8484 Georgia Ave., Suite 700, Silver Spring, Md 209103
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300OF0J20HZJBQM562
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 45582862

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SAQN, a blank check company, was incorporated as a Delaware corporation on May 9, 2019, for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-10.2%Operating margin5
-9.0%Net margin5
40.1%Revenue growth, 20255
-15.5%Return on equity5
$13.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Content Licensing, Library Sales brought in 28% of the revenue CuriosityStream Inc. broke down this way in fiscal 2025.

  1. Content Licensing, Library Sales$33.2M528%up 352% from 2024
  2. Content Licensing, Total$33.2M528%up 326% from 2024
  3. Direct-To-Consumer, Total$23.8M520%down 24% from 2024
  4. Trade And Barter Transactions Content Licensing$12.6M511%up 178% from 2024
  5. Partner Direct Business$9.8M58%up 36% from 2024
  6. Bundled Distribution$3.4M53%down 14% from 2024
  7. Product and Service, Other$1.4M51%up 78% from 2024
Products and services by year
Products and services20242025
Content Licensing, Library Sales$7.4M$33.2M
Content Licensing, Total$7.8M$33.2M
Direct-To-Consumer, Total$31.3M$23.8M
Trade And Barter Transactions Content Licensing$4.5M$12.6M
Partner Direct Business$7.3M$9.8M
Bundled Distribution$3.9M$3.4M
Product and Service, Other$807.0K$1.4M

Regions

United States brought in 78% of the revenue CuriosityStream Inc. broke down this way in fiscal 2025.

  1. United States$55.9M578%up 67% from 2024
  2. Outside the United States$15.8M522%down 11% from 2024
Regions by year
Regions20242025
United States$33.5M$55.9M
Outside the United States$17.7M$15.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$71.6M
  • Income tax0¢$14.0K

Out of $71.7M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending0¢$102.0K
  • Dividends paid100¢$22.0M

Out of $13.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue6789105$71.7M in 2025+298% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $18.0M$18.0M20192020: $39.6M$39.6M2020+120%2021: $71.3M$71.3M2021+80%2022: $78.0M$78.0M2022+10%2023: $56.9M$56.9M2023−27%2024: $51.1M$51.1M2024−10%2025: $71.7M$71.7M2025+40%
Operating income6789105-$7.3M in 2025−84% since 2019
-$60.0M-$40.0M-$20.0M02019: -$44.6M-$44.6M20192020: -$38.8M-$38.8M2020−13%2021: -$52.5M-$52.5M2021+35%2022: -$55.3M-$55.3M2022+5%2023: -$44.5M-$44.5M2023−20%2024: -$13.3M-$13.3M2024−70%2025: -$7.3M-$7.3M2025−45%
Net income6789105-$6.4M in 2025−85% since 2019
-$60.0M-$40.0M-$20.0M02019: -$42.7M-$42.7M20192020: -$48.6M-$48.6M2020+14%2021: -$37.6M-$37.6M2021−23%2022: -$50.9M-$50.9M2022+35%2023: -$48.9M-$48.9M2023−4%2024: -$12.9M-$12.9M2024−74%2025: -$6.4M-$6.4M2025−50%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenues$71.7M$51.1M
Cost of revenues$31.1M$25.4M
Advertising and marketing$14.0M$14.4M
General and administrative$33.8M$24.7M
Total operating expenses$79.0M$64.5M
Operating loss-$7.3M-$13.3M
Change in fair value of warrant liability$88.0K-$44.0K
Interest and other income, net$983.0K$3.1M
Equity method investment loss-$180.0K-$2.5M
Loss before income taxes-$6.4M-$12.8M
Provision for income taxes$14.0K$132.0K
Net loss-$6.4M-$12.9M
Basic (in dollars per share)-$0.11-$0.24
Diluted (in dollars per share)-$0.11-$0.24
Basic (in shares)57.7M shares54.5M shares
Diluted (in shares)57.7M shares54.5M shares

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Corporate structure

CuriosityStream Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CuriosityStream Inc.

  • Hendricks Factual Media LLC Filed SCHEDULE 13D/A on CuriosityStream Inc., latest Aug 18, 2025 (4 filings since Nov 3, 2021)
  • TimesSquare Capital Management, LLC Filed SC 13G on CuriosityStream Inc., latest Feb 11, 2022
  • CuriosityStream Inc. Silver Spring, Maryland, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CuriosityStream Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.1M5 Dec 31, 2025$2.4M5 Dec 31, 2024−12.6%
Accumulated depreciation$1.7M5 Dec 31, 2025$1.9M5 Dec 31, 2024−10.0%
Property and equipment, net$404.0K5 Dec 31, 2025$520.0K5 Dec 31, 2024−22.3%
Operating-lease assets (leased space)$2.8M5 Dec 31, 2025$3.1M5 Dec 31, 2024−9.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$18.3M5 Dec 31, 2025$7.8M5 Dec 31, 2024+134.1%
Marketable securities, current$9.0M5 Dec 31, 2025$24.2M5 Dec 31, 2024−63.0%
Debt securities available for sale$13.4M5 Dec 31, 2025$32.3M10 Dec 31, 2024−58.4%
Stakes in other companies (equity method)$3.7M5 Dec 31, 2025$3.8M5 Dec 31, 2024−4.7%
Long-term investments$7.5M10 Dec 31, 2024

Properties, in its own words

Our principal operational office is located in Silver Spring, Maryland, where we lease approximately 15,500 square feet of office space under a lease expiring in February 2033, pursuant to which we currently pay approximately $50,000 per month escalating annually to $57,000 per month through the end of the lease term. We believe that this facility is adequate to meet our current and near-term needs.

Our computing needs are primarily serviced from our cloud infrastructure provided by Amazon Web Services. We retain backup copies of our content on our own data center infrastructure. The backup sites enable additional fault tolerance and will support our continued growth.

Item 2 of the 10-K filed Mar 12, 2026.4

Leadership

Who has led CuriosityStream Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Jonathan Huberman2019

Chair

  1. Jonathan Huberman2019

Chief financial officer

  1. Jonathan Huberman2019
  2. Jason Keith Eustace2020–2022
  3. Peter Westley2022–2024
  4. Phillip Brady Hayden2024–2026
  5. Sean Adam Piche2026–now

Chief operating officer

  1. Theresa Ellen Cudahy2020–now
20202025
Board members and other officers (15)

Former names

  • Software Acquisition Group Inc.Jul 15, 2019 to Oct 15, 20203

Timeline

  1. Aug 26, 20268-K Executive or director change34
  2. Aug 12, 20268-K Results of operations; Other events35
  3. Jul 7, 20268-K Regulation FD disclosure36
  4. Jul 1, 20268-K Other events37
  5. May 21, 20268-K Shareholder vote38
  6. May 14, 20268-K Results of operations; Other events39
  7. Mar 11, 20268-K Results of operations; Other events40
  8. Feb 5, 20268-K Other events41
  9. Feb 4, 20268-K Other events42
  10. Jan 8, 20268-K Regulation FD disclosure43
  11. Nov 12, 20258-K Results of operations; Other events44
  12. Aug 14, 20258-K Other events45
  13. Nov 19, 2019New chief executive Jonathan Huberman becomes CEO14

Filings

443 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 51 major events, 269 insider forms, 5 large holders, 97 other. The latest 20:

  1. Sep 17, 20264/A EDGAR
  2. Sep 16, 20264 EDGAR
  3. Sep 11, 20263 EDGAR
  4. Sep 3, 2026144 EDGAR
  5. Sep 3, 2026144 EDGAR
  6. Sep 1, 20264 EDGAR
  7. Aug 31, 20264 EDGAR
  8. Aug 26, 20268-K EDGAR
  9. Aug 13, 202610-Q EDGAR
  10. Aug 12, 20268-K EDGAR
  11. Jul 30, 20264 EDGAR
  12. Jul 28, 20264 EDGAR
  13. Jul 28, 20264 EDGAR
  14. Jul 7, 20268-K EDGAR
  15. Jul 1, 20268-K EDGAR
  16. Jun 16, 20264 EDGAR
  17. Jun 16, 20264 EDGAR
  18. Jun 16, 2026S-8 REGISTRATION STATEMENT EDGAR
  19. Jun 12, 2026144 EDGAR
  20. Jun 1, 20264 EDGAR

The 443 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

133 open-market trades by officers, directors and large owners since October 2021: 13 buys and 120 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 28, 2026Stinchcomb Clinton LarryPresident and CEOBuy20,000$2.60$52.0KForm 4
Aug 27, 2026Stinchcomb Clinton LarryPresident and CEOBuy30,000$2.55$76.5KForm 4
Jun 12, 2026Hayden Phillip BradyChief Financial OfficerSale30,400$2.56$77.8KForm 4
Jun 12, 2026Keeley Patrick J.DirectorSale31,559$2.70$85.2KForm 4
May 28, 2026Stinchcomb Clinton LarryPresident and CEOBuy25,744$2.78$71.6KForm 4
May 27, 2026Stinchcomb Clinton LarryPresident and CEOBuy94,256$2.74$258.3KForm 4
May 26, 2026Stinchcomb Clinton LarryPresident and CEOBuy30,000$2.67$80.1KForm 4
Jan 2, 2026Hayden Phillip BradyChief Financial OfficerSale17,474$3.76$65.7KForm 4
Dec 15, 2025Hayden Phillip BradyChief Financial OfficerSale2,000$4.59$9.2KForm 4
Dec 10, 2025Cudahy Theresa EllenCOO and SecretarySale5,768$4.98$28.7KForm 4
Nov 25, 2025Stinchcomb Clinton LarryPresident and CEOSale100,000$4.62$462.0KForm 4
Nov 24, 2025Stinchcomb Clinton LarryPresident and CEOSale141,206$4.65$656.6KForm 4
Nov 21, 2025Stinchcomb Clinton LarryPresident and CEOSale12,872$4.60$59.2KForm 4
Nov 20, 2025Stinchcomb Clinton LarryPresident and CEOSale63,674$4.92$313.3KForm 4
Nov 20, 2025HUBERMAN JONATHANDirectorSale14,116$5.00$70.6KForm 4
Nov 20, 2025Cudahy Theresa EllenCOO and SecretarySale10,200$4.98$50.8KForm 4
Nov 17, 2025Hayden Phillip BradyChief Financial OfficerSale1,343$4.50$6.0KForm 4
Nov 13, 2025Cudahy Theresa EllenCOO and SecretarySale5,553$4.98$27.7KForm 4
Nov 13, 2025HUBERMAN JONATHANDirectorSale9,291$5.00$46.5KForm 4
Nov 6, 2025Hayden Phillip BradyChief Financial OfficerSale17,508$3.87$67.8KForm 4

All 133 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Clint StinchcombPresident and Chief Executive Officer59$717.1K$12.6M48
2025Tia CudahyGeneral Counsel, Chief Operating Officer and Secretary62$310.0K$4.4M48
2025Becky ReedGeneral Counsel$240.0K$948.9K48
2025P. Brady HaydenChief Financial Officer53$240.0K$714.7K48
2024Clint StinchcombPresident and Chief Executive Officer59$677.0K$5.6M48
2024Tia CudahyGeneral Counsel, Chief Operating Officer and Secretary62$310.0K$1.1M48
2024P. Brady HaydenChief Financial Officer53$203.8K$660.8K48
2024Peter WestleyChief Financial Officer$129.2K$168.7K48

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,755,147$7.3M0.0%+262,642
Vanguard Capital Management LLC1,690,886$4.5M0.0%+18,680
Renaissance Technologies LLC1,528,000$4.1M0.0%−240,800
Geode Capital Management, LLC1,049,687$2.8M0.0%+114,980
Los Angeles Capital Management LLC976,583$2.6M0.0%+139,392
Goldman Sachs Group Inc967,874$2.6M0.0%+180,848
Penbrook Management LLC764,800$2.0M1.3%+89,650
State Street Corp678,568$1.8M0.0%−68,524
Essex Investment Management Co LLC595,057$1.6M0.2%−25,822
Bank of New York Mellon Corp445,171$1.2M0.0%−1,446
Northern Trust Corp430,848$1.1M0.0%−34,980
UBS Group AG394,365$1.0M0.0%−40,489
Vanguard Portfolio Management LLC362,482$964.2K0.0%+39,737
Jacobs Levy Equity Management, Inc293,336$780.3K0.0%+269,539
Millennium Management LLC280,618$746.4K0.0%−35,741
Vanguard Fiduciary Trust Co248,696$661.5K0.0%+5,328
Dimensional Fund Advisors LP229,472$610.5K0.0%−3,868
Aqr Capital Management LLC219,809$584.7K0.0%+83,571
Panagora Asset Management Inc205,066$545.5K0.0%+14,965
Legato Capital Management LLC200,546$533.5K0.0%+6,041
D. E. Shaw & Co., Inc.163,927$436.0K0.0%+32,623
Bridgeway Capital Management, LLC150,000$399.0K0.0%+50,000
ARS Investment Partners, LLC121,462$323.1K0.0%−70
Sei Investments Co121,156$322.3K0.0%−111,215
Squarepoint Ops LLC119,666$318.3K0.0%−150,983

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CuriosityStream Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCuriosityStream Inc.1
  • CIK0001776909
  • Employer ID (EIN)84-17975234
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7812 Services-Motion Picture & Video Tape Production1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address8484 Georgia Ave., Suite 700, Silver Spring, MD 209101
  • Phone301-755-20501
  • Shares outstanding59,338,028 as of Aug 7, 202612
  • Public float$179.7M as of Jun 30, 20254
  • AuditorGRANT THORNTON LLP, Arlington, Virginia PCAOB ID 248; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 15, 20191
  • Filings623 in all: 4 (305), 8-K (70), 144 (49), 424B3 (30), 3 (25), 10-Q (20), EFFECT (12), CORRESP (9)1
    All 42 form types

    DEFA14A (8), SC 13G (8), 10-K (7), 4/A (7), UPLOAD (7), DEF 14A (6), POS AM (6), SC 13G/A (5), 424B7 (4), ARS (4), S-1 (4), 144/A (3), PRER14A (3), SC 13D/A (3), 25-NSE (2), 424B4 (2), 425 (2), DRS (2), PRE 14A (2), S-3 (2), S-8 (2), SCHEDULE 13D/A (2), 10-K/A (1), 10-Q/A (1), 3/A (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFM14A (1), PREM14A (1), S-1/A (1), S-1MEF (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 10, 2026
    Latest 8-K (8-K) Aug 26, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.0001CURINasdaq

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks CuriosityStream Inc. names in Item 1A of its 10-K filed Mar 12, 2026: 59 risks under these headings, as written.4

  • If any of the following events occur, our business, financial condition and operating results may be materially adversely affected. In that event, the trading price of our securities could decline, and you could lose all or part of your investment.
  • RISKS RELATED TO THE COMPANY'S BUSINESS
  • If our efforts to attract and retain users are not successful, our business will be adversely affected.
  • If we do not continuously provide value to our users, including making improvements to our service in a manner that is favorably received by them, our revenue, results of operations and business will be adversely affected.
  • We may be unable to realize intended efficiencies and benefits from our ongoing cost-savings initiatives, which may adversely affect our profitability, financial condition or our business.
  • We have a history of net losses, and we anticipate that we will experience net losses for the foreseeable future.
  • Our operating results are expected to be difficult to predict based on a number of factors that also may affect our long-term performance.
  • If we are not able to manage our growth, our business could be adversely affected.
  • Our business could be adversely impacted by costs and challenges associated with strategic acquisitions and investments, including joint ventures.
  • Certain of our growth strategies are untested, unproven or not yet fully developed.
  • If we experience excessive rates of user churn, our revenues and business will be harmed.
  • If our efforts to build a strong brand identity and improve user satisfaction and loyalty are not successful, we may not be able to attract or retain users, and our operating results may be adversely affected.
The other 48 risks
  • We may be unable to compete successfully against current and future competitors, and competitive pressures could harm our business and prospects.
  • We face risks, such as unforeseen costs and potential liability, in connection with content we acquire, produce, license and/or distribute through our service.
  • We rely upon a number of partners to make our service available on their platforms and devices.
  • We are subject to payment processing risk.
  • Distributors’ failure to promote our content could adversely affect our revenue and could adversely affect our business results.
  • If we fail to maintain or, in newer markets establish, a positive reputation with consumers concerning our service and the content we offer, we may not be able to attract or retain users, we may face regulatory scrutiny and our operating results may be adversely affected.
  • Changes in competitive offerings for video entertainment, including the potential rapid adoption of piracy-based video offerings, could adversely impact our business.
  • If government regulations relating to the internet or other areas of our business change, we may need to alter the manner in which we conduct our business or incur greater operating expenses.
  • Changes in how we market our service, or increases in our advertising rates, could adversely affect our marketing expenses and user levels may be adversely affected.
  • Emerging industry trends in digital advertising may pose challenges for our ability to forecast or optimize our advertising inventory, which may adversely impact our ability to capture advertising spend.
  • Our user metrics and other estimates are subject to inherent challenges in measurement, and real or perceived inaccuracies in those metrics may seriously harm and negatively affect our reputation and our business.
  • We rely on subscription data provided by our third-party distributors and platform partners that has not been independently verified, and inaccuracies in that data may seriously harm and adversely affect our reputation and our business.
  • Our business emphasizes rapid innovation and prioritizes long-term user engagement over short-term financial condition or results of operations, which strategy could have an adverse impact on our business, operating results and financial condition.
  • We may incur non-cash impairment charges for our content assets and other intangible assets and equity method investments which would negatively impact our business, financial condition and operating results.
  • We license certain content for purposes including training generative artificial intelligence (“AI”) models. We are in the early stages of these content licensing efforts, and the market for training content for AI models is new and evolving rapidly. There is no assurance that we will be able to sustain revenues from these efforts.
  • Our reliance on non-cash barter transactions to acquire content and generate revenue may not be sustainable and subjects us to valuation and liquidity risks.
  • RISKS RELATED TO INTELLECTUAL PROPERTY
  • If content providers or other rights holders refuse to license streaming content or other rights upon terms acceptable to us, our business could be adversely affected.
  • If our trademarks and other proprietary rights are not adequately protected to prevent use or appropriation by our competitors, the value of our brand and other intangible assets may be diminished and our business may be adversely affected.
  • Intellectual property claims against us could be costly and result in the loss of significant rights related to, among other things, our website, streaming technology, our recommendation and promotion capabilities, title selection processes and marketing activities.
  • RISKS RELATED TO LIQUIDITY
  • We may find it difficult to successfully compete without significant capital investment or loans beyond what is available to us in current and future capital raising efforts.
  • We may not be able to generate sufficient cash to service our obligations and any debt we may incur in the future.
  • Our cash and cash equivalents could be adversely affected if the financial institutions in which we hold our cash and cash equivalents fail.
  • We have a substantial amount of obligations, including streaming content obligations, which, together with any debt we may incur in the future, could adversely affect our financial position, and we may not be able to generate sufficient cash to service our obligations.
  • The long-term and fixed cost nature of our content commitments may limit our operating flexibility and could adversely affect our liquidity and results of operations.
  • RISKS RELATED TO INFORMATION TECHNOLOGY
  • Any significant disruption in or unauthorized access to our computer systems or those of third parties that we utilize in our operations, including those relating to cybersecurity or arising from cyber-attacks, could result in a loss or degradation of service, unauthorized access, harm to our reputation, disclosure or destruction of data, including user and corporate information, or theft of intellectual property, including digital content assets, which could adversely impact our business.
  • If the technology we use in operating our business fails, is unavailable, or does not operate to expectations, our business and results of operations could be adversely impacted.
  • We rely upon Amazon Web Services (“AWS”) to operate certain aspects of our service, and any disruption of or interference with our use of AWS would impact our operations and our business would be adversely affected.
  • Interruptions or delays in service arising from our own systems or from our third-party vendors could impair the delivery of our service and harm our business.
  • Some of our services and technologies may use open-source software, which may restrict how we use or distribute our service or require that we release the source code of certain services subject to those licenses.
  • Changes in how network operators handle and charge for access to data that travel across their networks could adversely impact our business.
  • We are at risk of attempts at unauthorized access to our service through cyberattacks, and failure to effectively prevent and remediate such attempts could have an adverse impact on our business, operating results and financial condition.
  • RISKS RELATED TO INTERNATIONAL OPERATIONS
  • We could be subject to economic, political, regulatory and other risks arising from our international operations.
  • We are potentially subject to taxation related risks in multiple jurisdictions, and changes in U.S. and non-U.S. tax laws could have a material adverse effect on our business, cash flow, results of operations or financial condition.
  • RISKS RELATED TO OWNERSHIP OF OUR COMMON STOCK
  • Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.
  • If securities analysts do not publish research or reports about our business or if they downgrade our stock or our sector, our stock price and trading volume could decline.
  • There can be no assurance that we will continue to declare cash dividends.
  • Future sales, or the perception of future sales, by us or our stockholders in the public market could cause the market price for our Common Stock to decline.
  • Certain of our stockholders may engage in business activities that compete with us or otherwise conflict with our interests.
  • We are a "smaller reporting company" and a "non-accelerated filer," and the reduced disclosure requirements applicable to these categories may make our Common Stock less attractive to investors.
  • An active, liquid trading market for our Common Stock may not be sustained, which may make selling the Common Stock you purchased more difficult.
  • Anti-takeover provisions in our organizational documents could delay or prevent a change of control.
  • Our Charter designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or stockholders.
  • RISKS RELATED TO PRIVACY
  • Privacy concerns could limit our ability to collect and leverage our user data and disclosure of user data could adversely impact our business and reputation.
  • Our reputation and relationships with users would be harmed if our user data, particularly billing data, were to be accessed by unauthorized persons.
  • RISKS RELATED TO HUMAN RESOURCES
  • We may lose key employees or may be unable to hire qualified employees, and the failure to maintain and improve our company culture may adversely affect our business.
  • GENERAL RISK FACTORS
  • From time to time, we may be engaged in legal proceedings that could cause us to incur unforeseen expenses and could occupy a significant amount of our management’s time and attention.
  • We incur significant costs as a result of operating as a public company.
  • Compliance obligations under the Sarbanes-Oxley Act require substantial financial and management resources.

Legal proceedings

From time to time, we may become involved in legal proceedings arising in the ordinary course of our business. We are not presently a party to any legal proceedings that, if determined adversely to us, we believe would individually or in the aggregate have a material adverse effect on our business, results of operations, financial condition or cash flows.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

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  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
    SEC EDGAROther events
  38. 38
  39. 39
  40. 40
  41. 41
    SEC EDGAROther events
  42. 42
    SEC EDGAROther events
  43. 43
  44. 44
  45. 45
    SEC EDGAROther events
  46. 46
  47. 47
  48. 48