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KLTR

Kaltura, Inc.

KLTR

Kaltura, Inc. • NASDAQ
$1.47 ▲ 2.80% (+0.04)
Market Cap $225.19 M
52w High $2.82
52w Low $1.36
Dividend Yield 0%
P/E -13.36
Volume 160.00K
Outstanding Shares 153.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $43.866M ▼ $31.427M ▼ $2.628M ▲ 5.991% ▲ $0.02 ▲ $2.523M ▲
Q2-2025 $44.462M ▼ $33.976M ▼ $-7.75M ▼ -17.431% ▼ $-0.051 ▼ $-5.63M ▼
Q1-2025 $46.984M ▲ $34.313M ▼ $-1.119M ▲ -2.382% ▲ $0.01 ▲ $2.02M ▲
Q4-2024 $45.609M ▲ $36.074M ▲ $-6.605M ▼ -14.482% ▼ $-0.044 ▼ $-3.25M ▼
Q3-2024 $44.295M $34.007M $-3.61M -8.15% $-0.024 $-327K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $75.708M ▲ $172.624M ▲ $154.889M ▲ $17.735M ▲
Q2-2025 $71.202M ▲ $169.447M ▼ $152.493M ▲ $16.954M ▼
Q1-2025 $62.918M ▼ $172.798M ▼ $150.139M ▼ $22.659M ▼
Q4-2024 $81.334M ▲ $181.305M ▲ $156.918M ▲ $24.387M ▲
Q3-2024 $77.713M $178.583M $154.442M $24.141M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.628M ▲ $9.283M ▲ $-2.753M ▼ $-520K ▲ $6.067M ▲ $9.172M ▲
Q2-2025 $-7.75M ▼ $2.657M ▲ $9.379M ▲ $-8.711M ▼ $3.751M ▲ $2.531M ▲
Q1-2025 $-1.119M ▲ $-1.047M ▼ $2.246M ▲ $-2.624M ▼ $-1.364M ▲ $-1.344M ▼
Q4-2024 $-6.605M ▼ $4.313M ▼ $-8.23M ▼ $331K ▲ $-3.781M ▼ $4.213M ▼
Q3-2024 $-3.61M $10.671M $-5.947M $-2.569M $2.572M $10.577M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Professional Services
Professional Services
 $0 ▲$0 ▲$0 ▲$0 ▲
Subscription
Subscription
 $80.00M ▲$40.00M ▼$40.00M ▲$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Kaltura’s revenue has been broadly flat in recent years, which suggests the business is stabilizing rather than rapidly expanding. On the positive side, profitability metrics have slowly improved: losses are narrowing, and operating performance is moving in the right direction. However, the company is still not profitable, and earnings per share remain negative. Overall, the income statement shows a company that has largely exited a heavy-loss phase but has not yet demonstrated strong, sustained growth or clear profitability.

Balance Sheet

Balance Sheet The balance sheet looks modest and relatively stable, but not especially strong. Total assets have held fairly steady, while the cash cushion has come down from earlier, more cash‑rich periods after the IPO. Debt is present but not extreme, suggesting some leverage but not an obvious overhang. Equity is positive but has been shrinking over time as losses accumulate, which reduces the financial buffer for future setbacks. In short, the balance sheet is serviceable but leaves limited room for prolonged underperformance.

Cash Flow

Cash Flow Cash flow has been mixed, with periods of cash burn and more recent signs of improvement. Operating cash flow moved from meaningfully negative to slightly positive, hinting at better cost control and more disciplined operations. Free cash flow has followed a similar pattern, helped by relatively light capital spending needs, typical for a software business. Still, the track record is short and uneven, so the recent positive cash flow should be viewed as an encouraging sign rather than a firmly established trend.

Competitive Edge

Competitive Edge Kaltura operates in a crowded video and collaboration market, facing both large platforms like Microsoft and Google and focused video specialists. Its main strengths lie in an open, highly flexible platform, deep integrations into customer systems, and coverage of many video use cases—events, education, internal communications, and media. These features can make the product hard to replace once embedded, creating switching costs and customer stickiness. However, competition from larger ecosystems and niche rivals is intense, so maintaining differentiation and pricing power will be an ongoing challenge.

Innovation and R&D

Innovation and R&D Innovation is a clear focus. Kaltura leans heavily on its open, API‑driven architecture and is deeply investing in artificial intelligence across the platform. New offerings like AI‑driven content creation, analytics, “Genie” AI agents, and interactive avatars are designed to move the company up the value chain from simple video hosting to intelligent, automated experiences. Its strong presence in education and events, plus its open‑source roots, support rapid experimentation and custom solutions. The key question is execution: can these innovations translate into broader adoption, higher usage, and better margins over time?

Summary

Kaltura looks like a niche technology player with a modern, AI‑focused video platform, slowly improving financial performance, and a decent but not bulletproof balance sheet. Revenue has plateaued, but losses are narrowing and cash flow is showing early improvement. The company’s edge comes from flexibility, deep integrations, and a broad product suite, especially in education and enterprise video. At the same time, it competes with very large, well‑funded platforms and must prove that its AI roadmap can drive meaningful growth and a clear path to durable profitability.

NEWS

November 24, 2025 · 8:00 AM UTC

Kaltura Recognized in Frost & Sullivan's 2025 Global Enterprise Video Platform Market Report

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November 10, 2025 · 4:06 PM UTC

Kaltura Announces Financial Results for Third Quarter 2025

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November 10, 2025 · 4:05 PM UTC

Kaltura Signs Definitive Agreement to Acquire eSelf.ai, a provider of AI-based Interactive Avatars

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October 24, 2025 · 8:00 AM UTC

Kaltura Launches First-of-Its-Kind AI Accessibility Agent To Ensure Title II Compliance for Educational Institutions

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October 22, 2025 · 4:05 PM UTC

Kaltura to Announce Financial Results for Third Quarter 2025 on Monday, November 10, 2025

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