NASDAQ : KLTR
Kaltura, Inc. — Financial statements
Technology · Software - Application · United States
Last price 1.45 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 221.20M
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Financial statements
Kaltura, Inc. (KLTR) reported revenue of 180.93M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 180.93M | 180.85M | 178.72M | 175.17M | 168.81M | 165.02M |
| Cost of Revenue | 50.57M | 53.19M | 59.61M | 62.94M | 61.87M | 62.31M |
| Gross Profit | 130.36M | 127.67M | 119.11M | 112.23M | 106.94M | 102.70M |
| Selling, General & Admin | 82.94M | 85.31M | 92.46M | 97.52M | 104.69M | 85.28M |
| Research & Development | 45.78M | 45.99M | 49.43M | 52.40M | 57.39M | 48.38M |
| Operating Expenses | 128.73M | 131.30M | 141.89M | 149.92M | 162.08M | 133.65M |
| Operating Income | 1.63M | -3.63M | -22.79M | -37.68M | -55.14M | -30.95M |
| Interest Expense | -2.11M | -2.24M | -2.68M | -3.18M | -2.30M | -2.98M |
| Interest & Investment Income | 2.56M | 2.98M | 3.35M | 2.73M | 962.00K | 5.00K |
| Currency Exchange Gain (Loss) | -3.73M | -4.30M | 175.00K | 2.17M | -1.96M | -1.14M |
| Other Non Operating Income (Expenses) | -391.00K | -490.00K | -414.00K | -526.00K | -950.00K | -16.00M |
| EBT Excluding Unusual Items | -2.04M | -7.68M | -22.35M | -36.48M | -59.39M | -51.06M |
| Merger & Restructuring Charges | -3.30M | -1.33M | -973.00K | -1.24M | ||
| Other Unusual Items | -961.00K | -1.31M | -1.72M | |||
| Pretax Income | -6.30M | -9.01M | -23.66M | -37.45M | -60.63M | -52.78M |
| Income Tax Expense | 6.21M | 3.06M | 7.65M | 8.91M | 7.87M | 6.57M |
| Net Income | -12.52M | -12.07M | -31.32M | -46.37M | -68.50M | -59.35M |
| Preferred Dividends & Other Adjustments | 8.24M | |||||
| Net Income to Common | -12.52M | -12.07M | -31.32M | -46.37M | -68.50M | -67.59M |
| Shares Outstanding (Basic) | 149.39M | 152.91M | 147.93M | 138.24M | 130.37M | 71.07M |
| Shares Outstanding (Diluted) | 149.39M | 152.91M | 147.93M | 138.24M | 130.37M | 71.07M |
| EPS (Basic) | -0.08 | -0.08 | -0.21 | -0.34 | -0.53 | -0.95 |
| EPS (Diluted) | -0.08 | -0.08 | -0.21 | -0.34 | -0.53 | -0.95 |
| Free Cash Flow | 11.21M | 13.88M | 11.71M | -10.91M | -48.05M | -23.99M |
| Free Cash Flow Per Share | 0.07 | 0.09 | 0.08 | -0.08 | -0.37 | -0.34 |
| Gross Margin | 72.05% | 70.59% | 66.64% | 64.07% | 63.35% | 62.24% |
| Operating Margin | 0.90% | -2.01% | -12.75% | -21.51% | -32.66% | -18.76% |
| Profit Margin | -6.92% | -6.68% | -17.52% | -26.47% | -40.58% | -40.96% |
| Free Cash Flow Margin | 6.20% | 7.67% | 6.55% | -6.23% | -28.46% | -14.54% |
| EBITDA | 6.61M | 871.00K | -17.72M | -32.97M | -52.43M | -28.54M |
| EBITDA Margin | 3.65% | 0.48% | -9.92% | -18.82% | -31.06% | -17.29% |
| D&A For EBITDA | 4.97M | 4.50M | 5.06M | 4.72M | 2.71M | 2.41M |
| EBIT | 1.63M | -3.63M | -22.79M | -37.68M | -55.14M | -30.95M |
| EBIT Margin | 0.90% | -2.01% | -12.75% | -21.51% | -32.66% | -18.76% |
| Revenue as Reported | 180.93M | 180.85M | 178.72M | 175.17M | 168.81M | 165.02M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 25.96M | 27.52M | 33.06M | 36.68M | 44.62M | 143.95M |
| Short-Term Investments | 5.33M | 24.36M | 48.27M | 32.69M | 41.34M | |
| Cash & Short-Term Investments | 31.30M | 51.88M | 81.33M | 69.38M | 85.97M | 143.95M |
| Receivables | 26.64M | 16.36M | 19.98M | 23.31M | 28.79M | 17.51M |
| Prepaid Expenses | 6.18M | 6.15M | 4.08M | 2.66M | 3.37M | 3.86M |
| Other Current Assets | 11.23M | 16.30M | 16.16M | 16.39M | 14.91M | 10.33M |
| Total Current Assets | 75.35M | 90.68M | 121.56M | 111.73M | 133.03M | 175.65M |
| Property, Plant & Equipment | 20.66M | 22.67M | 28.50M | 33.98M | 35.96M | 9.50M |
| Long-Term Investments | 4.22M | 10.88M | 3.38M | 5.84M | ||
| Goodwill | 47.66M | 25.42M | 11.07M | 11.07M | 11.07M | 11.07M |
| Other Intangible Assets | 9.91M | 2.14M | 212.00K | 689.00K | 1.24M | 1.91M |
| Long-Term Deferred Charges | 7.46M | 9.40M | 13.61M | 17.31M | 21.69M | 22.62M |
| Other Long-Term Assets | 3.56M | 3.50M | 2.98M | 3.10M | 3.18M | 2.54M |
| Total Assets | 168.82M | 164.70M | 181.31M | 183.74M | 206.17M | 223.29M |
| Accounts Payable | 10.49M | 3.79M | 3.27M | 3.63M | 9.44M | 6.48M |
| Accrued Expenses | 17.76M | 18.23M | 21.77M | 17.00M | 22.36M | 25.87M |
| Current Portion of Long-Term Debt | 26.57M | 29.04M | 3.11M | 1.61M | 5.79M | 2.79M |
| Current Portion of Leases | 3.10M | 2.90M | 2.50M | 2.37M | 2.35M | |
| Current Income Taxes Payable | 17.12M | 10.80M | 5.64M | 11.76M | 7.97M | 9.53M |
| Current Unearned Revenue | 58.32M | 60.29M | 63.12M | 62.36M | 59.84M | 51.69M |
| Other Current Liabilities | 1.13M | 1.43M | 2.26M | 1.17M | 1.09M | 1.73M |
| Total Current Liabilities | 134.49M | 126.48M | 101.66M | 99.91M | 108.84M | 98.09M |
| Long-Term Debt | 29.15M | 33.05M | 30.00M | 35.80M | ||
| Long-Term Leases | 13.84M | 14.40M | 15.26M | 17.80M | 20.70M | |
| Long-Term Unearned Revenue | 1.43M | 2.16M | 67.00K | 369.00K | 1.27M | 1.95M |
| Long-Term Deferred Tax Liabilities | 530.00K | 507.00K | 463.00K | 418.00K | ||
| Other Long-Term Liabilities | 16.83M | 14.82M | 10.31M | 1.88M | 2.02M | 2.19M |
| Total Liabilities | 167.13M | 158.37M | 156.92M | 153.42M | 162.82M | 138.02M |
| Common Stock | 18.00K | 18.00K | 15.00K | 14.00K | 13.00K | 13.00K |
| Additional Paid-In Capital | 525.92M | 518.44M | 500.02M | 471.63M | 439.64M | 412.78M |
| Retained Earnings | -490.19M | -480.88M | -468.81M | -437.50M | -391.13M | -322.63M |
| Treasury Stock | -34.01M | -34.01M | -7.80M | -4.88M | -4.88M | -4.88M |
| Comprehensive Income & Other | -49.00K | 2.76M | 959.00K | 1.05M | -301.00K | |
| Total Common Equity | 1.69M | 6.33M | 24.39M | 30.32M | 43.35M | 85.27M |
| Shareholders' Equity | 1.69M | 6.33M | 24.39M | 30.32M | 43.35M | 85.27M |
| Total Liabilities & Equity | 168.82M | 164.70M | 181.31M | 183.74M | 206.17M | 223.29M |
| Total Debt | 43.51M | 46.33M | 50.03M | 54.83M | 58.85M | 38.59M |
| Net Cash (Debt) | -7.99M | 16.43M | 34.68M | 20.39M | 27.12M | 105.36M |
| Net Cash Per Share | -0.05 | 0.11 | 0.23 | 0.15 | 0.21 | 1.48 |
| Filing Date Shares Outstanding | 152.55M | 148.74M | 154.14M | 143.26M | 134.83M | 127.07M |
| Total Common Shares Outstanding | 151.75M | 147.75M | 152.06M | 142.59M | 134.56M | 126.93M |
| Working Capital | -59.14M | -35.80M | 19.89M | 11.82M | 24.20M | 77.56M |
| Book Value Per Share | 0.01 | 0.04 | 0.16 | 0.21 | 0.32 | 0.67 |
| Tangible Book Value | -55.88M | -21.22M | 13.11M | 18.56M | 31.03M | 72.30M |
| Tangible Book Value Per Share | -0.37 | -0.14 | 0.09 | 0.13 | 0.23 | 0.57 |
| Machinery | 5.67M | 4.50M | 3.99M | 6.24M | 4.87M | 4.41M |
| Leasehold Improvements | 7.13M | 7.13M | 7.13M | 7.27M | 1.97M | 513.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -12.52M | -12.07M | -31.32M | -46.37M | -68.50M | -59.35M |
| Depreciation & Amortization | 4.97M | 4.50M | 5.06M | 4.72M | 2.71M | 2.41M |
| Other Amortization | 10.34M | 11.20M | 11.45M | 11.67M | 10.87M | 8.07M |
| Loss (Gain) From Sale of Assets | 14.00K | 185.00K | -757.00K | |||
| Stock-Based Compensation | 15.37M | 16.49M | 26.26M | 29.98M | 23.64M | 17.07M |
| Other Operating Activities | -117.00K | -871.00K | -1.31M | -1.75M | 1.28M | 16.26M |
| Change in Accounts Receivable | -1.91M | 3.62M | 3.33M | 5.47M | -11.28M | -1.06M |
| Change in Accounts Payable | 358.00K | 706.00K | -534.00K | -5.88M | 3.13M | 3.89M |
| Change in Unearned Revenue | -5.55M | -757.00K | 458.00K | 1.63M | 7.46M | 6.28M |
| Change in Other Net Operating Assets | 678.00K | -8.28M | -1.18M | -7.77M | -16.33M | -14.92M |
| Operating Cash Flow | 11.63M | 14.54M | 12.23M | -8.30M | -46.83M | -22.11M |
| Capital Expenditures | -420.00K | -661.00K | -521.00K | -2.61M | -1.22M | -1.88M |
| Sale of Property, Plant & Equipment | 757.00K | |||||
| Cash Acquisitions | -29.60M | -7.15M | ||||
| Sale (Purchase) of Intangibles | -886.00K | -1.49M | -4.76M | -4.12M | ||
| Investment in Securities | 30.42M | 16.86M | -11.89M | 4.27M | -41.18M | |
| Other Investing Activities | -1.75M | -2.60M | ||||
| Investing Cash Flow | -490.00K | 9.05M | -12.41M | -1.58M | -49.76M | -5.24M |
| Long-Term Debt Issued | 3.50M | 41.91M | ||||
| Long-Term Debt Repaid | -3.50M | -2.19M | -4.50M | -3.14M | -53.55M | |
| Net Debt Issued (Repaid) | -4.59M | -3.50M | -2.19M | -1.00M | -3.14M | -11.63M |
| Issuance of Common Stock | 456.00K | 3.11M | 1.62M | 1.38M | 2.73M | 161.76M |
| Repurchase of Common Stock | -16.61M | -26.20M | -2.95M | |||
| Other Financing Activities | -1.00K | -3.06M | -17.00K | -274.00K | -125.00K | -5.19M |
| Financing Cash Flow | -20.75M | -29.65M | -3.53M | 109.00K | -529.00K | 143.37M |
| Foreign Exchange Rate Adjustments | 124.00K | 522.00K | 90.00K | 728.00K | -1.42M | |
| Net Cash Flow | -9.48M | -5.54M | -3.62M | -9.05M | -98.54M | 116.02M |
| Free Cash Flow | 11.21M | 13.88M | 11.71M | -10.91M | -48.05M | -23.99M |
| Free Cash Flow Margin | 6.20% | 7.67% | 6.55% | -6.23% | -28.46% | -14.54% |
| Free Cash Flow Per Share | 0.07 | 0.09 | 0.08 | -0.08 | -0.37 | -0.34 |
| Levered Free Cash Flow | 42.25M | 27.78M | 28.60M | 16.67M | -14.63M | 9.14M |
| Unlevered Free Cash Flow | 43.57M | 29.19M | 30.27M | 18.66M | -13.19M | 11.01M |
| Cash Interest Paid | 2.01M | 2.23M | 2.69M | 2.95M | 2.30M | 1.94M |
| Cash Income Tax Paid | 1.95M | 3.77M | 4.29M | 8.87M | 2.64M | |
| Change in Working Capital | -6.43M | -4.71M | 2.08M | -6.55M | -17.01M | -5.81M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 228.83M | 256.39M | 329.33M | 275.74M | 229.22M | 427.57M |
| Enterprise Value | 236.82M | 220.06M | 300.47M | 256.05M | 194.50M | 309.16M |
| Last Close Price | 1.50 | 1.64 | 2.20 | 1.95 | 1.72 | 3.37 |
| PS Ratio | 1.26 | 1.42 | 1.84 | 1.57 | 1.36 | 2.59 |
| PB Ratio | 134.54 | 40.49 | 13.50 | 9.09 | 5.29 | 5.01 |
| P/TBV Ratio | 25.13 | 14.86 | 7.39 | 5.91 | ||
| P/FCF Ratio | 20.41 | 18.47 | 28.12 | |||
| P/OCF Ratio | 19.67 | 17.63 | 26.92 | |||
| EV/Sales Ratio | 1.31 | 1.22 | 1.68 | 1.46 | 1.15 | 1.87 |
| EV/EBITDA Ratio | 35.85 | 252.66 | ||||
| EV/FCF Ratio | 21.12 | 15.86 | 25.66 | |||
| Debt / Equity Ratio | 25.72 | 7.32 | 2.05 | 1.81 | 1.36 | 0.45 |
| Debt / EBITDA Ratio | 4.42 | 11.03 | ||||
| Debt / FCF Ratio | 3.88 | 3.34 | 4.27 | |||
| Net Debt / Equity Ratio | 4.72 | -2.59 | -1.42 | -0.67 | -0.63 | -1.24 |
| Net Debt / EBITDA Ratio | 1.21 | -18.86 | 1.96 | 0.62 | 0.52 | 3.69 |
| Net Debt / FCF Ratio | 0.71 | -1.18 | -2.96 | 1.87 | 0.56 | 4.39 |
| Asset Turnover | 1.07 | 1.04 | 0.98 | 0.90 | 0.79 | 1.05 |
| Quick Ratio | 0.43 | 0.54 | 1.00 | 0.93 | 1.05 | 1.65 |
| Current Ratio | 0.56 | 0.72 | 1.20 | 1.12 | 1.22 | 1.79 |
| Return on Equity (ROE) | -134.25% | -78.60% | -114.48% | -125.88% | -106.51% | -285.96% |
| Return on Assets (ROA) | 0.60% | -1.31% | -7.80% | -12.08% | -16.05% | -12.31% |
| Return on Capital Employed (ROCE) | 4.80% | -9.50% | -28.60% | -45.00% | -56.70% | -24.70% |
| Earnings Yield | -5.59% | -4.71% | -9.51% | -16.81% | -29.88% | -13.88% |
| FCF Yield | 4.90% | 5.41% | 3.56% | -3.96% | -20.96% | -5.61% |
| Buyback Yield / Dilution | 1.62% | -3.37% | -7.01% | -6.04% | -83.43% | -184.98% |