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Kaltura Inc (KLTR) stock

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NASDAQ: KLTR Nasdaq Application Software Next results ~November 9, 2026

C Fundamentals grade

Kaltura Inc is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Kaltura Inc is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Kaltura Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders6 buying, 4 selling9 purchases and 79 sales by directors and officers, last 12 monthsInsider trades
  • Funds65 adding, 31 cuttingOf 21 active managers that changed their stake, 15 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Kaltura files

Where Kaltura stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $181m, down 0.2% on a year earlier, a smaller fall than the 1.3% decline a quarter earlier. That puts it 93 of 103 for growth among the application software companies we cover. Free-cash-flow margin fell to 6.2% from 8.8% a year earlier. Operating margin widened to -1.5% from -6.9%. The diluted share count is up 6.0% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 7 financial-health checks.

Our model value for Kaltura is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Kaltura Inc's trailing-twelve-month revenue fell 0.2% year on year, with a free-cash-flow margin of 6.2%. Where it lags: revenue growth of -0.2% ranks 155 of 184 application software companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 29.8% while net income grew 34.4%: a 64pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 5.5 points on a year ago.

Things to watch

  • Revenue shrinking. Revenue fell 0.2% over the last 12 months.
  • Loss-making. Operating margin is -1.5%: costs exceed revenue.
  • Share dilution. Diluted shares rose 6.0% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 72% and a beta of 0.8 against the S&P 500.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 9.1% over 90 days.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.01 against an average estimate of -$0.01: beat by 200.0%
Revenue
$47m, up 5.5% on a year earlier
Guidance given
subscription revenue $43.3m to $44.1m (second quarter of 2026); total revenue $45.2m to $46m (second quarter of 2026)
Next report
November 9, 2026; average EPS estimate -$0.01

Kaltura's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.4%
  • 1 week+7.1%
  • 1 month+14.5%
  • This year-8.5%
  • 1 year-3.2%
  • 5 years-79.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$181M
Operating margin
-1.5%
Net margin
-6.9%
EPS (TTM, diluted)
$-0.08

Growth

Revenue growth
−0.2%
Change in growth rate
+1.1 pts
Share count change
+6.0%

Cash

Free cash flow (TTM)
$11.2M
FCF margin
6.2%
Stock pay % of revenue
8.5%

Earnings

Last results
May 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Kaltura Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Kaltura Inc as an operating company, with every model that fits that kind of business. Cost of equity 10.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.2 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.1 ~$1.8–$7.2 Left out: out of range vs price (0.04x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Kaltura Inc with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025
Share price$3.37$1.72$1.95$2.20$1.64
Market value$240m$224m$270m$325m$251m
+ Net debt (− = net cash)−$105m−$9m−$2m−$796000$2m
Enterprise value$135m$216m$268m$325m$253m
Multiples
Price / sales 1.5x1.3x1.5x1.8x1.4x
Price / earnings —————
Price / free cash flow ———27.8x18.1x
EV / EBITDA —————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

26 /100

Weak moat

How hard Kaltura's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -28.1% of total assets over 6 years.

  • Pricing power 18 / 20

    Gross margin has been a median 64.0%, moving by 4.0 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -16.2%; its worst year was -28.6%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 3 of 6 years, at a median 0.4% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (42 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $46m and EPS of −$0.01 (range −$0.01 to −$0.01) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.01 −86% $184m +2%
Next $0.05 +400% $192m +4%

Next year's EPS estimate has moved −9.1% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −50.0% on 90 days ago. In the last 30 days, 0 analysts raised Kaltura Inc's forecast and 1 cut it.

Consensus EPS forecast Kaltura Inc, last 90 days
$0.05 $0.06 $0.06 $0.07 90 days ago 60 days ago 30 days ago 7 days ago Now Next fiscal year, 90 days ago: $0.06 Next fiscal year, 60 days ago: $0.07 Next fiscal year, 30 days ago: $0.07 Next fiscal year, 7 days ago: $0.07 Next fiscal year, Now: $0.05 $0.05

Average of analysts' published estimates (third-party data).

View chart data
Period Next fiscal year
90 days ago $0.06
60 days ago $0.07
30 days ago $0.07
7 days ago $0.07
Now $0.05

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.01 $0.01 +200.0%
Mar 2026 $0.00 $0.01 0.0%
Dec 2025 $0.00 $0.03 0.0%
Sept 2025 −$0.01 $0.01 +300.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, May 11, 2026
  • Total revenue full year ending December 31, 2026 $183m to $185m
    “Total revenue to grow 1-2% to between $182.6 million and $184.8 million” source
  • Total revenue second quarter of 2026 $45.2m to $46m
    “Total revenue to grow between 2-3% year-over-year to between $45.2 million and $46.0 million” source
  • Subscription revenue full year ending December 31, 2026 $175m to $177m
    “Subscription revenue to grow 1-3% to between $174.5 million and $176.7 million” source
  • Adjusted EBITDA full year ending December 31, 2026 $13.8m to $15.2m Non-GAAP
    “Adjusted EBITDA to be between $13.8 million and $15.2 million” source
  • Subscription revenue second quarter of 2026 $43.3m to $44.1m
    “Subscription revenue to grow 2-4% year-over-year to between $43.3 million and $44.1 million” source
  • Adjusted EBITDA second quarter of 2026 $2m to $3m Non-GAAP
    “Adjusted EBITDA to be between $2.0 million and $3.0 million” source

How earlier guidance turned out

  • Total revenue, second quarter of 2026 guided $45.2m to $46m Above range: $46.894m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026112

Counts of recommendations published by analysts covering Kaltura Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.8%
of tradable shares
Days to cover
7.39
at average volume
Short interest, 1 month
−12%
to October 15, 2026
Held by institutions
38%
of shares
Held by insiders
34.8%
of shares
Employees
494
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −3.2%

$1.55 on October 31, 2025 to $1.50

ThenNowEffect
Revenue (last 12 months) $181m $181m −0.2%
P/S multiple 1.3x 1.2x −4.0%
Share count 152m 150m +1.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −16.2%

$1.79 on November 3, 2023 to $1.50

ThenNowEffect
Revenue (last 12 months) $172m $181m +5.0%
P/S multiple 1.4x 1.2x −10.5%
Share count 134m 150m −10.9%

Biggest factor: share count. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
KLTR−49%+13%+13%−26%−9%
Industry peers (median)−50%+19%+2%−20%−14%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
KLTR42%25%42%33%55%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
KLTR−62%−30%−58%−50%−34%
S&P 500−25%−10%−8%−19%−9%

Worst fall since July 21, 2021: 94% from August 6, 2021 to June 7, 2024. Getting back needed a 1572% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.08 – $1.89
From 52-week high
−20.6%
vs 50-day average
+5.7%
vs 200-day average
+7.0%
Volatility (1 year)
72%
Beta vs S&P 500
0.85

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±7.3%
After a week
6 up, 6 down
typical move ±10.6%
After a month
5 up, 7 down
typical move ±15.5%
Results releasedNext dayS&P 500 next day5 days21 days
May 11, 2026 +5.1% +0.1% +8.7% +2.9%
March 16, 2026 −6.7% +1.3% −9.6% −15.6%
November 10, 2025 +25.2% +1.8% +6.1% +21.8%
August 7, 2025 +1.8% +0.7% −11.7% −9.9%
May 8, 2025 −1.8% +0.6% −1.4% −0.9%
February 20, 2025 0.0% −2.1% −16.8% −25.2%
November 6, 2024 +33.1% +3.3% +45.1% +57.7%
August 8, 2024 +3.5% +2.8% +7.0% +0.9%
May 8, 2024 −3.1% +0.6% −7.0% −36.4%
February 22, 2024 +2.1% +2.1% −8.3% −8.3%
November 8, 2023 +1.1% −0.7% +2.3% +2.3%
August 2, 2023 +4.0% −1.7% +3.5% −4.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Kaltura Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Kaltura Inc
$174M $176M $178M $180M $182M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $174.8M Revenue (TTM), FY23 Q4: $175.2M Revenue (TTM), FY24 Q1: $176.7M Revenue (TTM), FY24 Q2: $176.8M Revenue (TTM), FY24 Q3: $177.6M Revenue (TTM), FY24 Q4: $178.7M Revenue (TTM), FY25 Q1: $180.9M Revenue (TTM), FY25 Q2: $181.4M Revenue (TTM), FY25 Q3: $180.9M Revenue (TTM), FY25 Q4: $180.9M Revenue (TTM), FY26 Q1: $178.5M Revenue (TTM), FY26 Q2: $180.9M $180.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $174.8M
FY23 Q4 $175.2M
FY24 Q1 $176.7M
FY24 Q2 $176.8M
FY24 Q3 $177.6M
FY24 Q4 $178.7M
FY25 Q1 $180.9M
FY25 Q2 $181.4M
FY25 Q3 $180.9M
FY25 Q4 $180.9M
FY26 Q1 $178.5M
FY26 Q2 $180.9M
Revenue growth, TTM YoY Kaltura Inc
-2% 0% 2% 4% 6% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 4.4% Revenue growth, TTM YoY, FY23 Q4: 3.8% Revenue growth, TTM YoY, FY24 Q1: 3.7% Revenue growth, TTM YoY, FY24 Q2: 2.6% Revenue growth, TTM YoY, FY24 Q3: 1.6% Revenue growth, TTM YoY, FY24 Q4: 2.0% Revenue growth, TTM YoY, FY25 Q1: 2.4% Revenue growth, TTM YoY, FY25 Q2: 2.6% Revenue growth, TTM YoY, FY25 Q3: 1.9% Revenue growth, TTM YoY, FY25 Q4: 1.2% Revenue growth, TTM YoY, FY26 Q1: -1.3% Revenue growth, TTM YoY, FY26 Q2: -0.2% -0.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 4.4%
FY23 Q4 3.8%
FY24 Q1 3.7%
FY24 Q2 2.6%
FY24 Q3 1.6%
FY24 Q4 2.0%
FY25 Q1 2.4%
FY25 Q2 2.6%
FY25 Q3 1.9%
FY25 Q4 1.2%
FY26 Q1 -1.3%
FY26 Q2 -0.2%
Operating margin (TTM) Kaltura Inc
-30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -23.6% Operating margin (TTM), FY23 Q4: -22.1% Operating margin (TTM), FY24 Q1: -19.2% Operating margin (TTM), FY24 Q2: -18.6% Operating margin (TTM), FY24 Q3: -16.4% Operating margin (TTM), FY24 Q4: -13.5% Operating margin (TTM), FY25 Q1: -10.2% Operating margin (TTM), FY25 Q2: -6.9% Operating margin (TTM), FY25 Q3: -5.3% Operating margin (TTM), FY25 Q4: -2.7% Operating margin (TTM), FY26 Q1: -2.6% Operating margin (TTM), FY26 Q2: -1.5% -1.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -23.6%
FY23 Q4 -22.1%
FY24 Q1 -19.2%
FY24 Q2 -18.6%
FY24 Q3 -16.4%
FY24 Q4 -13.5%
FY25 Q1 -10.2%
FY25 Q2 -6.9%
FY25 Q3 -5.3%
FY25 Q4 -2.7%
FY26 Q1 -2.6%
FY26 Q2 -1.5%
FCF margin (TTM) Kaltura Inc
-15% -10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -10.2% FCF margin (TTM), FY23 Q4: -6.2% FCF margin (TTM), FY24 Q1: -2.2% FCF margin (TTM), FY24 Q2: -0.5% FCF margin (TTM), FY24 Q3: 4.7% FCF margin (TTM), FY24 Q4: 6.6% FCF margin (TTM), FY25 Q1: 6.4% FCF margin (TTM), FY25 Q2: 8.8% FCF margin (TTM), FY25 Q3: 8.1% FCF margin (TTM), FY25 Q4: 7.7% FCF margin (TTM), FY26 Q1: 8.9% FCF margin (TTM), FY26 Q2: 6.2% 6.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -10.2%
FY23 Q4 -6.2%
FY24 Q1 -2.2%
FY24 Q2 -0.5%
FY24 Q3 4.7%
FY24 Q4 6.6%
FY25 Q1 6.4%
FY25 Q2 8.8%
FY25 Q3 8.1%
FY25 Q4 7.7%
FY26 Q1 8.9%
FY26 Q2 6.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 97 120 165 169 175 179 181 181
Gross profit 62 73 103 107 112 119 128 130
EBITDA 2 −1 −30 −54 −34 −19 −0 2
Operating income −3 −8 −33 −56 −39 −24 −5 −3
Net income −16 −59 −59 −68 −46 −31 −12 −13
Diluted EPS $0.37 $0.94 $0.95 — −$0.34 −$0.21 −$0.08 —
Growth (year on year)
Revenue — +23.7% +37.0% +2.3% +3.8% +2.0% +1.2% −0.2%
Margins
Gross margin 63.4% 60.4% 62.2% 63.3% 64.1% 66.6% 70.6% 72.0%
EBITDA margin 1.8% −0.7% −18.3% −31.8% −19.4% −10.7% −0.3% 1.0%
Operating margin −2.9% −7.0% −19.8% −33.4% −22.1% −13.5% −2.7% −1.5%
Net margin −16.0% −48.8% −36.0% −40.6% −26.5% −17.5% −6.7% −6.9%
Free-cash-flow margin −1.9% 3.9% −14.5% −28.5% −6.2% 6.6% 7.7% 6.2%
Cash flow
Cash from operations 0 6 −22 −47 −8 12 15 12
Capital spending 2 1 2 1 3 1 1 0
Free cash flow −2 5 −24 −48 −11 12 14 11
Stock-based pay 2 5 17 24 30 26 16 15
Free cash flow after stock pay −4 −0 −41 −72 −41 −15 −3 −4
Balance sheet
Cash 27 28 144 45 37 33 28 26
Total debt 0 48 39 36 35 32 29 27
Net debt (negative = net cash) −27 20 −105 −9 −2 −1 2 1
Diluted shares 68m 75m 71m 130m 138m 148m 153m —
Returned to shareholders
Buybacks — — — 0 0 3 26 17
Total returned — — — 0 0 3 26 17

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $169m
Short-term assets $75mLonger-term assets $93m
What it owes, and who funded it · $169m
Short-term liabilities $134mLonger-term liabilities $33mShareholders' equity $2m
  • Short-term assets cover short-term liabilities $75m of assets due within a year against $134m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $75m short-term assets against $33m of longer-dated liabilities.
  • More cash than debt $26m of cash against $53m of debt.
  • Debt below 40% of shareholders' equity Debt is 3148% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 42% to 3148% over five years.
  • A year's operating cash flow covers at least 20% of debt $12m of operating cash flow against $53m of debt.
  • Operating profit covers interest at least five times over Operating income of −$3m against $2m of interest.

From Kaltura Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$16.6M
Returned to shareholders
148%
of free cash flow
Buybacks, last 3 fiscal years
$29.1M
Diluted share count
+6.0%
year over year
Total shareholder yield
7.3%
dividends 0.0% + buybacks 7.3% of market value
R&D spending
25.3%
of revenue
Days sales outstanding
54 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated KLTR LAW MRDN BLZE UPLD MITK Median
Revenue, last 12 months $181m $167m $197m $166m $198m $198m $482m
Revenue growth, last 12 months −0.2% 12.9% 14.1% 16.9% −21.5% 11.1% 12.0%
Revenue growth, 3-year average 1.6% 7.5% — 19.9% −13.9% 4.3% 11.1%
Revenue growth, latest quarter 5.5% 13.2% 16.1% 25.5% −7.9% 18.2% 11.9%
Gross margin 72.0% 74.8% 55.7% 62.5% 76.3% 86.7% 69.2%
Operating margin −1.5% −25.7% −44.7% −9.7% −6.1% 17.8% 1.1%
Operating margin, 3-year average −9.0% −30.7% −12.9% −22.8% −17.1% 7.9% −0.8%
Net margin −6.9% −24.2% −42.6% −11.5% −18.5% 11.4% 2.1%
Cash from operations / revenue 6.4% −7.8% 14.3% 19.4% 12.7% 27.1% 18.2%
Free-cash-flow margin 6.2% −9.8% 11.3% 16.6% 12.5% 24.6% 15.0%
Free-cash-flow margin, 3-year average 4.8% −11.0% 11.5% 11.5% 11.6% 21.1% 16.2%
Stock pay / revenue 8.5% 13.6% 0.9% 18.1% 2.6% 8.2% 9.3%
Change in share count 6.0% 4.8% — 12.0% −1.2% 4.1% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth -0.2% 12.0% 155 of 184
Change in growth rate Growth +1.1pp +0.2pp 71 of 184
Gross margin Profitability 72.0% 69.8% 74 of 160
Operating margin Profitability -1.5% 1.1% 102 of 181
Net margin Profitability -6.9% 2.1% 115 of 185
Free-cash-flow margin Cash generation 6.2% 15.2% 117 of 180
Stock pay as % of revenue Cash generation 8.5% 9.3% 83 of 177
Long-term debt as % of assets Balance sheet 15.8% 16.9% 46 of 98
Change in share count Balance sheet 6.0% 1.7% 112 of 163
Days sales outstanding Balance sheet 54 days 57 days 73 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Enterprise Education and Technology $134M 74.3% ▲ 4.5%
Media and Telecom $46.4M 25.7% ▼ 7.2%
Products and services
Line of business Revenue Share YoY
Subscription $172M 95.1% ▲ 2.5%
Professional Services $8.9M 4.9% ▼ 19.2%
Geography
Region Revenue Share YoY
United States $96.2M 53.2% ▲ 1.4%
EMEA $71.2M 39.4% ▲ 4.1%
Other Countries $13.4M 7.4% ▼ 13.2%

From Kaltura Inc's 10-K filed March 16, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$56.2M
Institutions reporting
101
Shares held vs prior quarter
▲ 6.2%
Positions opened / closed
17 / 13

Top buyers and sellers, Q2 2026: 65 institutions bought and 31 sold ; the biggest buyer was Blackrock, Inc (+612K shares) and the biggest seller Tocqueville Asset Management L.P (−290K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Sapphire Ventures, L.P. $10.4M 8.0M 18.5% 0.0%
Blackrock, Inc. $7.8M 6.0M 13.9% ▲ 11.4%
Vanguard Capital Management LLC $4.9M 3.8M 8.7% ▲ 0.5%
Gagnon Securities LLC $4.2M 3.3M 7.6% ▼ 0.4%
Geode Capital Management, LLC $3M 2.3M 5.3% ▲ 2.3%
Acadian Asset Management LLC $2.9M 2.3M 5.2% ▲ 6.4%
S Squared Technology, LLC $2.5M 1.9M 4.5% ▲ 28.6%
State Street Corp $2.1M 1.6M 3.7% ▲ 0.1%
Gagnon Advisors, LLC $1.8M 1.4M 3.3% 0.0%
Russell Investments Group, Ltd. $1.7M 1.3M 2.9% ▼ 13.1%
Arrowstreet Capital, Limited Partnership $1.1M 877K 2.0% ▲ 7.5%
Vanguard Portfolio Management LLC $1.1M 869K 2.0% ▲ 21.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Kaltura Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $286,644 9 trades by 6 insiders, last 12 months Insider sales History → $2.2M 79 trades by 4 insiders · 100% under pre-set plans
Net ▼ $1.9M net selling
Insider Date Trade Shares Price Value
Israeli Natan Chief Customer Officer October 26, 2026 Sell pre-set plan 6 $1.50 $9
Azaria Eynav See Remarks October 16, 2026 Sell pre-set plan 568 $1.45 $824
Azaria Eynav See Remarks October 15, 2026 Sell pre-set plan 8,037 $1.43 $11,490
Azaria Eynav See Remarks October 14, 2026 Sell pre-set plan 2,665 $1.40 $3,731
Azaria Eynav See Remarks October 13, 2026 Sell pre-set plan 5,156 $1.40 $7,229
Azaria Eynav See Remarks October 12, 2026 Sell pre-set plan 1,336 $1.40 $1,870
Azaria Eynav See Remarks September 18, 2026 Sell pre-set plan 4,100 $1.41 $5,781
Azaria Eynav See Remarks September 17, 2026 Sell pre-set plan 6,488 $1.42 $9,213
Azaria Eynav See Remarks September 16, 2026 Sell pre-set plan 7,116 $1.42 $10,105
Azaria Eynav See Remarks September 15, 2026 Sell pre-set plan 6,113 $1.41 $8,619
Azaria Eynav See Remarks September 14, 2026 Sell pre-set plan 5,149 $1.43 $7,363
Azaria Eynav See Remarks September 11, 2026 Sell pre-set plan 5,656 $1.42 $8,032

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around August 6, 2026 estimated from the company's past filing pattern, not announced

  • May 11, 2026
  • March 16, 2026
  • November 10, 2025
  • August 7, 2025
  • May 8, 2025
  • February 20, 2025

Recent SEC filings

Data status

When each part of this page on Kaltura Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Kaltura Inc in brief

What does Kaltura Inc do?
Kaltura Inc is a US-listed company in the application software industry. Its financial year ends in December.
What is Kaltura Inc's stock ticker?
Kaltura Inc trades under the ticker KLTR on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Kaltura Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Kaltura Inc reported revenue of $181M, 0.2% lower than a year earlier, according to its SEC filings.
What is Kaltura Inc's free cash flow?
Kaltura Inc's free-cash-flow margin is 6.2% of revenue over the trailing twelve months, ranking 117 of the 180 application software companies we cover.
Who are Kaltura Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Sapphire Ventures, L.P., Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Kaltura Inc buying back stock, and does it pay a dividend?
Kaltura Inc spent $16.6M on share repurchases over the trailing twelve months, and its diluted share count still rose 6.0% over the year.
What is Kaltura Inc's market cap?
On December 31, 2025, Kaltura Inc's market capitalisation was about $251M and net debt of $1.8M. Market figures come from third-party market data and may be delayed.
How much debt does Kaltura Inc have?
Kaltura Inc's debt-to-equity ratio is 3147.5%, from its latest balance sheet (42.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Kaltura Inc's competitors?
In our Application Software peer group, the companies closest to Kaltura Inc are CS Disco, Inc., Meridian Holdings Inc., Backblaze, Inc., Upland Software, Inc. and Mitek Systems Inc. The side-by-side comparison below sets their revenue, margins and growth against Kaltura Inc's.
Are insiders buying or selling Kaltura Inc stock?
Over the last 12 months, Kaltura Inc's directors and officers reported 9 open-market purchases and 79 sales on Form 4. The insider trading page charts every trade.
When is Kaltura Inc's next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Kaltura Inc announces its own schedule.