What is Kaltura's operating income?

Kaltura's total operating income in 2025 was -$4.96 million, based on the following breakdown: Total Gross Profit: $127.67 million Total Operating Expenses: $132.63 million

Kaltura (KLTR) Financials

$1.38 -0.01 (-0.36%)

Closing price 07/20/2026 04:00 PM Eastern

Extended Trading

$1.38 -0.01 (-0.72%)

As of 07:28 AM Eastern

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Annual Income Statements for Kaltura

This table shows Kaltura's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-25	-71	-68	-68	-46	-31	-12
Consolidated Net Income / (Loss)	-16	-59	-59	-68	-46	-31	-12
Net Income / (Loss) Continuing Operations	-16	-59	-59	-68	-46	-31	-12
Total Pre-Tax Income	-14	-55	-53	-61	-37	-24	-9.01
Total Operating Income	-2.78	-8.49	-33	-56	-39	-24	-4.96
Total Gross Profit	62	73	103	107	112	119	128
Total Revenue	97	120	165	169	175	179	181
Operating Revenue	97	120	165	169	175	179	181
Total Cost of Revenue	36	48	62	62	63	60	53
Operating Cost of Revenue	36	48	62	62	63	60	53
Total Operating Expenses	65	81	135	163	151	143	133
Selling, General & Admin Expense	15	22	41	45	49	46	41
Marketing Expense	26	29	46	59	49	48	45
Research & Development Expense	24	30	48	57	52	49	46
Restructuring Charge	-	-	-	-	0.97	0.00	0.90
Total Other Income / (Expense), net	-11	-47	-20	-4.25	1.20	0.43	-4.05
Income Tax Expense	1.60	3.55	6.57	7.87	8.91	7.65	3.06
Basic Earnings per Share	$1.11	($2.83)	($0.95)	($0.53)	($0.34)	($0.21)	($0.08)
Weighted Average Basic Shares Outstanding	22.75M	24.94M	71.07M	130.37M	138.24M	147.93M	152.91M
Diluted Earnings per Share	$1.11	-	-	-	($0.34)	($0.21)	($0.08)
Weighted Average Diluted Shares Outstanding	22.75M	24.94M	71.07M	143.26M	138.24M	147.93M	152.91M
Weighted Average Basic & Diluted Shares Outstanding	22.75M	24.94M	71.07M	143.26M	-	154.14M	148.74M

This table shows Kaltura's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-11	-12	-11	-10	-3.61	-6.61	-1.12	-7.75	-2.63	-0.58	-3.77
Consolidated Net Income / (Loss)	-11	-12	-11	-10	-3.61	-6.61	-1.12	-7.75	-2.63	-0.58	-3.77
Net Income / (Loss) Continuing Operations	-11	-12	-11	-10	-3.61	-6.61	-1.12	-7.75	-2.63	-0.58	-3.77
Total Pre-Tax Income	-8.22	-11	-8.79	-7.54	-2.31	-5.03	0.23	-7.33	-1.42	-0.49	-1.31
Total Operating Income	-8.31	-8.82	-7.29	-8.55	-4.47	-3.79	-1.58	-2.76	-1.50	0.88	-1.22
Total Gross Profit	28	29	29	29	30	32	33	31	31	33	32
Total Revenue	44	44	45	44	44	46	47	44	44	46	45
Operating Revenue	44	44	45	44	44	46	47	44	44	46	45
Total Cost of Revenue	16	16	16	15	15	13	14	13	13	13	13
Operating Cost of Revenue	16	16	16	15	15	13	14	13	13	13	13
Total Operating Expenses	36	37	36	37	34	36	34	34	32	32	33
Selling, General & Admin Expense	12	12	12	13	9.75	11	10	11	8.90	11	11
Marketing Expense	12	12	12	12	12	12	12	12	11	10	12
Research & Development Expense	13	13	12	12	12	13	12	12	11	11	11
Total Other Income / (Expense), net	0.10	-1.85	-1.50	1.01	2.16	-1.24	1.80	-4.57	0.09	-1.37	-0.09
Income Tax Expense	2.51	1.40	2.31	2.46	1.30	1.57	1.35	0.42	1.21	0.08	2.46
Basic Earnings per Share	$0.08	($0.41)	($0.08)	$0.07	$0.02	($0.22)	($0.01)	$0.05	$0.02	($0.14)	($0.03)
Weighted Average Basic Shares Outstanding	139.19M	138.24M	144.25M	147.61M	149.31M	147.93M	154.01M	153.54M	154.78M	152.91M	145.84M
Diluted Earnings per Share	-	-	-	($0.07)	-	-	($0.01)	($0.05)	-	-	($0.03)
Weighted Average Diluted Shares Outstanding	141.41M	0.00	146.91M	148.99M	149.31M	154.14M	154.01M	154.49M	154.78M	152.91M	145.84M
Weighted Average Basic & Diluted Shares Outstanding	141.41M	0.00	146.91M	148.99M	149.31M	154.14M	153.62M	154.49M	154.78M	148.74M	150.37M

This table details how cash moves in and out of Kaltura's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-2.06	1.21	116	-99	-9.05	-3.63	-5.54
Net Cash From Operating Activities	0.37	5.80	-22	-47	-8.30	12	15
Net Cash From Continuing Operating Activities	0.37	5.80	-22	-47	-8.30	12	15
Net Income / (Loss) Continuing Operations	-16	-59	-59	-68	-46	-31	-12
Consolidated Net Income / (Loss)	-16	-59	-59	-68	-46	-31	-12
Depreciation Expense	4.49	7.68	2.41	2.71	4.72	5.06	4.50
Amortization Expense	3.29	4.23	8.08	11	12	11	11
Non-Cash Adjustments To Reconcile Net Income	8.03	34	33	26	27	24	17
Changes in Operating Assets and Liabilities, net	0.13	19	-5.81	-18	-5.69	2.92	-6.25
Net Cash From Investing Activities	-2.73	-2.75	-5.24	-50	-1.58	-12	9.05
Net Cash From Continuing Investing Activities	-2.73	-2.75	-5.24	-50	-1.58	-12	9.05
Purchase of Property, Plant & Equipment	-2.49	-2.97	-5.85	-5.98	-4.10	-0.52	-0.66
Acquisitions	-0.24	-0.16	-0.15	-	0.00	0.00	-7.15
Purchase of Investments	-	0.00	0.00	-63	-49	-51	-54
Sale and/or Maturity of Investments	-	0.00	0.00	19	52	39	71
Net Cash From Financing Activities	0.30	-1.85	143	-0.53	0.11	-3.53	-30
Net Cash From Continuing Financing Activities	0.30	-1.85	143	-0.53	0.11	-3.53	-30
Repayment of Debt	-2.82	-1.67	-52	-3.13	-4.77	-2.20	-3.50
Repurchase of Common Equity	0.00	-0.11	-5.19	0.00	0.00	-2.95	-26
Issuance of Debt	2.97	2.00	42	0.00	3.50	0.00	0.00
Other Financing Activities, net	0.15	-2.07	-0.38	2.60	1.38	1.62	0.02
Effect of Exchange Rate Changes	-	-	0.00	-1.42	0.73	0.09	0.52
Cash Interest Paid	4.30	3.95	1.94	2.30	2.95	2.69	2.23
Cash Income Taxes Paid	1.07	1.21	2.64	8.87	4.29	3.77	1.95

This table details how cash moves in and out of Kaltura's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-6.11	2.61	-5.12	2.84	2.44	-3.78	-1.36	3.26	6.55	-14	31
Net Cash From Operating Activities	1.66	1.60	-1.15	-1.61	11	4.31	-1.05	2.66	9.28	3.65	0.66
Net Cash From Continuing Operating Activities	1.66	1.60	-1.15	-1.61	11	4.31	-1.05	2.66	9.28	3.65	0.66
Net Income / (Loss) Continuing Operations	-11	-12	-11	-10	-3.61	-6.61	-1.12	-7.75	-2.63	-0.58	-3.77
Consolidated Net Income / (Loss)	-11	-12	-11	-10	-3.61	-6.61	-1.12	-7.75	-2.63	-0.58	-3.77
Depreciation Expense	1.25	1.31	1.31	1.28	1.25	1.23	1.19	1.09	1.10	1.12	1.19
Amortization Expense	2.90	2.90	2.89	2.84	2.82	2.90	2.86	2.88	2.78	2.68	2.58
Non-Cash Adjustments To Reconcile Net Income	9.74	8.17	5.56	8.53	5.13	4.91	4.18	4.82	4.06	4.08	3.81
Changes in Operating Assets and Liabilities, net	-1.51	1.30	0.20	-4.25	5.09	1.89	-8.16	1.61	3.96	-3.65	-3.15
Net Cash From Investing Activities	-6.63	-2.66	-3.52	5.28	-5.95	-8.23	2.25	9.38	-2.75	0.18	31
Net Cash From Continuing Investing Activities	-6.63	-2.66	-3.52	5.28	-5.95	-8.23	2.25	9.38	-2.75	0.18	31
Purchase of Property, Plant & Equipment	-0.45	-0.82	-0.09	-0.23	-0.09	-0.10	-0.30	-0.13	-0.11	-0.13	-0.33
Purchase of Investments	-19	-15	-15	-3.97	-18	-13	-26	-4.05	-20	-3.92	0.00
Sale and/or Maturity of Investments	13	13	12	9.48	13	5.00	29	14	17	11	32
Net Cash From Financing Activities	-1.09	3.39	-0.78	-0.52	-2.57	0.33	-2.62	-8.71	-0.52	-18	-1.17
Net Cash From Continuing Financing Activities	-1.09	3.39	-0.78	-0.52	-2.57	0.33	-2.62	-8.71	-0.52	-18	-1.17
Repayment of Debt	-1.50	-0.27	-0.89	-0.44	-0.44	-0.44	-0.88	-0.66	-0.66	-1.31	-1.31
Repurchase of Common Equity	-	-	0.00	-	-2.20	-0.60	-2.33	-7.23	-	-17	0.00
Other Financing Activities, net	0.41	0.16	0.10	0.07	0.07	1.38	0.58	-0.82	0.14	0.13	0.14
Effect of Exchange Rate Changes	-0.05	0.29	0.33	-	-	-0.20	0.06	-	-	-0.02	-0.04
Cash Interest Paid	0.74	0.71	0.69	0.69	0.70	0.61	0.57	0.56	0.58	0.52	0.46
Cash Income Taxes Paid	0.74	1.11	0.41	1.83	1.19	0.34	0.57	1.03	-0.10	0.45	0.19

This table presents Kaltura's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2023	12/31/2023	12/31/2024	12/31/2025
Total Assets	91	223	184	184	181	165
Total Current Assets	53	176	112	112	122	91
Cash & Equivalents	28	144	37	37	33	28
Short-Term Investments	-	0.00	33	33	48	24
Accounts Receivable	17	18	23	23	20	16
Prepaid Expenses	2.77	5.11	8.41	8.41	9.48	14
Other Current Assets	5.85	9.08	11	11	11	8.51
Plant, Property, & Equipment, net	4.15	9.50	20	20	16	12
Total Noncurrent Assets	33	38	52	52	44	62
Long-Term Investments	-	-	5.84	5.84	3.38	11
Goodwill	11	11	11	11	11	25
Intangible Assets	2.84	1.91	0.69	0.69	0.21	2.14
Other Noncurrent Operating Assets	19	25	34	34	29	23
Total Liabilities & Shareholders' Equity	91	223	184	184	181	165
Total Liabilities	191	138	153	153	157	158
Total Current Liabilities	83	98	100	100	102	126
Short-Term Debt	2.74	2.79	1.61	1.61	3.11	29
Accounts Payable	5.05	25	21	21	18	19
Current Deferred Revenue	48	52	62	62	63	60
Current Employee Benefit Liabilities	16	19	13	13	15	15
Other Current Liabilities	-	0.00	2.37	2.37	2.50	2.90
Total Noncurrent Liabilities	109	40	54	54	55	32
Noncurrent Deferred Revenue	1.86	1.95	0.37	0.37	0.07	2.16
Other Noncurrent Operating Liabilities	59	2.19	20	20	26	30
Commitments & Contingencies	0.00	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	-261	85	30	30	24	6.33
Total Preferred & Common Equity	-261	85	30	30	24	6.33
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-261	85	30	30	24	6.33
Common Stock	8.39	413	472	472	500	518
Retained Earnings	-263	-323	-437	-437	-469	-481
Treasury Stock	-4.88	-4.88	-4.88	-4.88	-7.80	-34
Accumulated Other Comprehensive Income / (Loss)	-	0.00	1.05	1.05	0.96	2.76

This table presents Kaltura's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	211	186	189	180	173	171	179	173	169	173	160
Total Current Assets	134	113	118	109	105	108	119	101	114	112	99
Cash & Equivalents	53	42	40	34	32	34	37	32	35	42	58
Short-Term Investments	40	34	29	35	37	34	41	31	36	31	3.41
Accounts Receivable	23	18	30	22	18	22	23	18	21	20	17
Prepaid Expenses	7.86	8.08	7.40	7.43	8.30	7.52	7.92	9.94	12	11	12
Other Current Assets	10	11	11	11	10	10	10	10	9.67	8.96	7.67
Plant, Property, & Equipment, net	14	19	20	21	19	18	17	15	14	13	12
Total Noncurrent Assets	63	54	51	50	49	45	43	56	41	47	49
Long-Term Investments	1.97	1.02	1.01	1.90	4.90	2.95	2.23	18	4.13	12	0.00
Goodwill	11	11	11	11	11	11	11	11	11	11	25
Intangible Assets	1.39	1.08	0.93	0.81	0.57	0.45	0.33	0.10	0.09	0.08	2.05
Other Noncurrent Operating Assets	49	41	38	36	32	30	29	27	25	24	22
Total Liabilities & Shareholders' Equity	211	186	189	180	173	171	179	173	169	173	160
Total Liabilities	159	148	153	147	148	148	154	150	152	155	155
Total Current Liabilities	103	125	132	127	97	98	106	96	98	101	122
Short-Term Debt	5.05	34	33	31	2.07	2.28	2.50	3.76	4.42	5.03	28
Accounts Payable	21	25	27	22	27	27	26	21	22	18	24
Current Deferred Revenue	58	50	57	59	54	55	63	54	55	61	54
Current Employee Benefit Liabilities	16	12	12	12	12	12	12	15	14	14	14
Other Current Liabilities	1.96	2.53	2.44	2.34	2.41	2.40	2.45	2.54	2.73	2.80	2.95
Total Noncurrent Liabilities	56	23	22	20	51	49	48	54	55	54	33
Noncurrent Deferred Revenue	1.51	1.02	0.80	0.58	0.20	0.08	0.08	0.06	0.05	0.04	1.79
Other Noncurrent Operating Liabilities	23	22	21	20	19	18	18	26	28	29	31
Commitments & Contingencies	-	-	-	0.00	-	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	52	38	36	32	25	23	24	23	17	18	4.64
Total Preferred & Common Equity	52	38	36	32	25	23	24	23	17	18	4.64
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	52	38	36	32	25	23	24	23	17	18	4.64
Common Stock	433	447	455	463	478	487	493	503	508	512	522
Retained Earnings	-376	-404	-415	-425	-449	-459	-462	-470	-478	-480	-485
Treasury Stock	-4.88	-4.88	-4.88	-4.88	-4.88	-4.97	-7.11	-10	-17	-17	-34
Accumulated Other Comprehensive Income / (Loss)	-0.74	-0.55	-0.26	-0.68	0.30	-0.38	0.30	0.05	3.91	3.30	1.09

This table displays calculated financial ratios and metrics derived from Kaltura's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	126,874,443.00	-	-	-	156,334,157.00
DEI Adjusted Shares Outstanding	0.00	0.00	126,874,443.00	-	-	-	156,334,157.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-0.53	-	-	-	-0.08
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	23.72%	37.01%	2.30%	3.77%	2.02%	1.20%
EBITDA Growth	0.00%	-31.63%	-748.96%	-92.93%	47.98%	65.93%	241.59%
EBIT Growth	0.00%	-205.47%	-284.91%	-72.54%	31.44%	37.66%	79.41%
NOPAT Growth	0.00%	-205.47%	-284.91%	-72.54%	31.44%	37.66%	79.41%
Net Income Growth	0.00%	-277.36%	-1.00%	-15.41%	32.31%	32.46%	61.45%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	61.90%
Operating Cash Flow Growth	0.00%	1,468.65%	-480.94%	-111.80%	82.27%	247.33%	18.87%
Free Cash Flow Firm Growth	0.00%	0.00%	-212.05%	35.02%	55.16%	104.03%	-534.77%
Invested Capital Growth	0.00%	0.00%	74.37%	66.02%	-50.05%	-174.03%	2.38%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.81%	-3.29%	0.00%	-0.04%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	2.89%	-197.87%	0.00%	67.67%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	1.86%	-64.67%	0.00%	48.46%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	1.86%	-64.67%	0.00%	48.46%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	1.65%	-72.05%	0.00%	33.31%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-203.46%	9.46%	47.28%	0.00%	-4.37%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-53.96%	-93.81%	-164.28%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-7.46%	-37.89%	-22.97%	23.92%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	63.41%	60.42%	62.24%	63.35%	64.07%	66.65%	70.59%
EBITDA Margin	5.14%	2.84%	-13.45%	-25.36%	-12.71%	-4.25%	5.94%
Operating Margin	-2.85%	-7.05%	-19.80%	-33.40%	-22.07%	-13.48%	-2.74%
EBIT Margin	-2.85%	-7.05%	-19.80%	-33.40%	-22.07%	-13.48%	-2.74%
Profit (Net Income) Margin	-16.00%	-48.79%	-35.97%	-40.58%	-26.47%	-17.52%	-6.68%
Tax Burden Percent	111.48%	106.44%	112.45%	112.98%	123.79%	132.33%	133.98%
Interest Burden Percent	502.63%	650.37%	161.53%	107.53%	96.90%	98.20%	181.54%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	58.45%	777.35%	-106.51%	-125.88%	-114.48%	-78.60%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-9.33%	-20.80%	-26.26%	-19.83%	-13.20%	-2.87%
Return on Assets (ROA)	0.00%	-64.61%	-37.77%	-31.90%	-23.78%	-17.16%	-6.98%
Return on Common Equity (ROCE)	0.00%	151.52%	8,928.22%	-106.51%	-125.88%	-114.48%	-78.60%
Return on Equity Simple (ROE_SIMPLE)	0.00%	22.54%	-69.60%	-158.02%	-152.92%	-128.41%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.95	-5.94	-23	-39	-27	-17	-3.47
NOPAT Margin	-2.00%	-4.93%	-13.86%	-23.38%	-15.45%	-9.44%	-1.92%
Net Nonoperating Expense Percent (NNEP)	0.00%	476.14%	-87.72%	-37.33%	-42.56%	-31.06%	-19.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-49.87%	-41.64%	-29.78%	-9.82%
Cost of Revenue to Revenue	36.59%	39.58%	37.76%	36.65%	35.93%	33.36%	29.41%
SG&A Expenses to Revenue	15.18%	18.45%	24.98%	26.90%	27.81%	25.74%	22.58%
R&D to Revenue	24.88%	24.55%	29.32%	33.99%	29.91%	27.66%	25.43%
Operating Expenses to Revenue	66.27%	67.47%	82.04%	96.75%	86.14%	80.13%	73.34%
Earnings before Interest and Taxes (EBIT)	-2.78	-8.49	-33	-56	-39	-24	-4.96
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.00	3.42	-22	-43	-22	-7.59	11
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	5.01	5.29	9.09	13.50	40.49
Price to Tangible Book Value (P/TBV)	0.00	0.00	5.91	7.39	14.86	25.13	0.00
Price to Revenue (P/Rev)	1.54	1.25	2.59	1.36	1.57	1.84	1.42
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	2.76	1.95	1.06	1.34	1.55	1.23
Enterprise Value to EBITDA (EV/EBITDA)	0.00	97.19	0.00	0.00	0.00	0.00	20.72
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	57.25	0.00	0.00	0.00	22.63	15.31
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.59	0.00	0.00	0.00	290.63	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	-0.50	0.45	0.83	1.14	1.32	4.59
Long-Term Debt to Equity	0.00	-0.47	0.42	0.69	1.09	1.20	0.00
Financial Leverage	0.00	-0.22	5.45	-1.21	-1.23	-1.70	-2.81
Leverage Ratio	0.00	-0.90	-20.58	3.34	5.29	6.67	11.26
Compound Leverage Factor	0.00	-5.88	-33.24	3.59	5.13	6.55	20.45
Debt to Total Capital	0.00%	-98.52%	31.15%	45.23%	53.34%	56.95%	82.10%
Short-Term Debt to Total Capital	0.00%	-5.41%	2.26%	7.32%	2.48%	5.49%	82.10%
Long-Term Debt to Total Capital	0.00%	-93.12%	28.90%	37.91%	50.86%	51.46%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-316.14%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	514.66%	68.85%	54.77%	46.66%	43.05%	17.90%
Debt to EBITDA	0.00	14.59	-1.74	-0.84	-1.56	-4.25	2.70
Net Debt to EBITDA	0.00	6.49	4.75	1.17	1.82	6.91	-3.14
Long-Term Debt to EBITDA	0.00	13.79	-1.61	-0.70	-1.48	-3.84	0.00
Debt to NOPAT	0.00	-8.40	-1.69	-0.91	-1.28	-1.91	-8.36
Net Debt to NOPAT	0.00	-3.73	4.61	1.27	1.50	3.11	9.71
Long-Term Debt to NOPAT	0.00	-7.94	-1.57	-0.76	-1.22	-1.73	0.00
Altman Z-Score	0.00	-2.96	0.51	-1.75	-1.92	-1.68	-2.38
Noncontrolling Interest Sharing Ratio	0.00%	-159.25%	-1,048.54%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	0.64	1.79	1.22	1.12	1.20	0.72
Quick Ratio	0.00	0.54	1.65	1.05	0.93	1.00	0.54
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	72	-81	-53	-24	0.95	-4.14
Operating Cash Flow to CapEx	14.87%	195.62%	-433.78%	-783.47%	-202.51%	2,347.98%	2,199.85%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	1.32	1.05	0.79	0.90	0.98	1.05
Accounts Receivable Turnover	0.00	7.03	9.53	7.29	6.72	8.26	9.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	29.04	24.18	13.70	9.94	9.85	12.67
Accounts Payable Turnover	0.00	9.45	4.15	2.43	2.69	3.10	2.88
Days Sales Outstanding (DSO)	0.00	51.93	38.31	50.05	54.28	44.21	36.67
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	38.63	87.92	150.26	135.91	117.67	126.64
Cash Conversion Cycle (CCC)	0.00	13.29	-49.61	-100.21	-81.64	-73.46	-89.98
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	-78	-20	-6.83	-10	-28	-27
Invested Capital Turnover	0.00	-3.07	-3.35	-12.55	-20.53	-9.33	-6.52
Increase / (Decrease) in Invested Capital	0.00	-78	58	13	-3.42	-18	0.67
Enterprise Value (EV)	0.00	332	322	179	235	277	223
Market Capitalization	150	150	428	229	276	329	256
Book Value per Share	$0.00	($10.45)	$0.67	$0.33	$0.21	$0.16	$0.04
Tangible Book Value per Share	$0.00	($11.01)	$0.57	$0.23	$0.13	$0.09	($0.14)
Total Capital	0.00	-51	124	79	65	57	35
Total Debt	0.00	50	39	36	35	32	29
Total Long-Term Debt	0.00	47	36	30	33	29	0.00
Net Debt	0.00	22	-105	-50	-41	-52	-34
Capital Expenditures (CapEx)	2.49	2.97	5.10	5.98	4.10	0.52	0.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-55	-64	-56	-56	-58	-59
Debt-free Net Working Capital (DFNWC)	0.00	-27	80	30	13	23	-6.77
Net Working Capital (NWC)	0.00	-30	78	24	12	20	-36
Net Nonoperating Expense (NNE)	14	53	36	29	19	14	8.60
Net Nonoperating Obligations (NNO)	0.00	22	-105	-50	-41	-52	-34
Total Depreciation and Amortization (D&A)	7.78	12	10	14	16	17	16
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-45.25%	-38.54%	-33.16%	-31.93%	-32.64%	-32.43%
Debt-free Net Working Capital to Revenue	0.00%	-22.25%	48.70%	17.77%	7.67%	12.87%	-3.74%
Net Working Capital to Revenue	0.00%	-24.52%	47.00%	14.33%	6.75%	11.13%	-19.80%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.95	$0.00	$0.00	($0.21)	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	127.07M	0.00	0.00	147.93M	152.91M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.95	$0.00	$0.00	$0.00	($0.08)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	127.07M	0.00	0.00	154.14M	152.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.95	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	71.07M	0.00	0.00	154.14M	148.74M
Normalized Net Operating Profit after Tax (NOPAT)	-1.95	-5.94	-23	-39	-27	-17	-2.84
Normalized NOPAT Margin	-2.00%	-4.93%	-13.86%	-23.38%	-15.45%	-9.44%	-1.57%
Pre Tax Income Margin	-14.35%	-45.84%	-31.99%	-35.91%	-21.38%	-13.24%	-4.98%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.18%	-8.74%	0.00%	0.00%	-9.42%	-216.82%

This table displays calculated financial ratios and metrics derived from Kaltura's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	154,138,268.00	153,619,177.00	154,491,495.00	156,334,157.00	148,735,559.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	154,138,268.00	153,619,177.00	154,491,495.00	156,334,157.00	148,735,559.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.01	-0.05	-0.02	0.00	-0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.07%	0.93%	3.48%	0.35%	1.73%	2.55%	4.92%	0.98%	-0.97%	-0.15%	-5.02%
EBITDA Growth	63.89%	38.83%	50.00%	19.70%	90.43%	107.26%	179.79%	127.54%	698.49%	1,294.33%	2.75%
EBIT Growth	44.02%	22.38%	28.34%	10.57%	46.28%	57.01%	78.37%	67.75%	66.32%	123.07%	22.38%
NOPAT Growth	44.02%	22.38%	39.04%	10.57%	46.28%	57.01%	252.99%	67.75%	66.32%	123.07%	-110.97%
Net Income Growth	44.83%	18.35%	13.28%	7.18%	66.34%	45.26%	89.92%	22.53%	27.20%	91.29%	-236.82%
EPS Growth	0.00%	0.00%	0.00%	12.50%	0.00%	0.00%	0.00%	28.57%	0.00%	0.00%	-200.00%
Operating Cash Flow Growth	44.98%	127.39%	84.58%	61.16%	542.83%	169.39%	8.64%	265.55%	-13.01%	-15.42%	162.66%
Free Cash Flow Firm Growth	81.49%	87.00%	148.38%	246.48%	358.61%	649.95%	288.51%	77.49%	-1.11%	-100.37%	-90.39%
Invested Capital Growth	-16.94%	-50.05%	-217.28%	-555.83%	-207.27%	-174.03%	-79.57%	-90.01%	-57.78%	2.38%	-10.30%
Revenue Q/Q Growth	-0.77%	2.15%	0.00%	-1.67%	0.60%	2.97%	3.01%	-5.37%	-1.34%	3.82%	-2.01%
EBITDA Q/Q Growth	24.58%	-11.04%	0.00%	-42.90%	91.01%	184.17%	637.91%	-50.69%	95.41%	96.10%	-45.62%
EBIT Q/Q Growth	13.04%	-6.09%	0.00%	-17.27%	47.77%	15.09%	58.41%	-74.83%	45.45%	158.18%	-239.89%
NOPAT Q/Q Growth	13.04%	-6.09%	0.00%	-17.27%	47.77%	15.09%	394.16%	-124.72%	45.45%	158.18%	-239.89%
Net Income Q/Q Growth	0.48%	-12.50%	0.00%	9.84%	63.91%	-82.96%	83.06%	-592.58%	66.09%	78.12%	-555.48%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	140.17%	-3.55%	0.00%	-40.05%	764.86%	-59.58%	-124.28%	353.77%	249.38%	-60.70%	-82.02%
Free Cash Flow Firm Q/Q Growth	-364.68%	41.86%	0.00%	23.08%	97.55%	23.64%	29.23%	-43.77%	10.07%	-100.46%	3,493.15%
Invested Capital Q/Q Growth	-238.51%	-37.89%	0.00%	2.91%	-58.60%	-22.97%	5.17%	-2.74%	-31.69%	23.92%	-7.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.61%	64.41%	63.88%	65.13%	66.69%	70.78%	69.67%	70.22%	70.05%	72.43%	71.95%
EBITDA Margin	-9.55%	-10.38%	-6.92%	-10.05%	-0.90%	0.73%	5.26%	2.74%	5.43%	10.26%	5.69%
Operating Margin	-19.09%	-19.83%	-16.28%	-19.42%	-10.08%	-8.31%	-3.36%	-6.20%	-3.43%	1.92%	-2.74%
EBIT Margin	-19.09%	-19.83%	-16.28%	-19.42%	-10.08%	-8.31%	-3.36%	-6.20%	-3.43%	1.92%	-2.74%
Profit (Net Income) Margin	-24.63%	-27.13%	-24.78%	-22.72%	-8.15%	-14.48%	-2.38%	-17.43%	-5.99%	-1.26%	-8.45%
Tax Burden Percent	130.50%	113.14%	126.26%	132.68%	156.55%	131.29%	-495.13%	105.79%	185.20%	117.11%	287.93%
Interest Burden Percent	98.86%	120.93%	120.53%	88.19%	51.63%	132.67%	-14.33%	265.72%	94.35%	-56.11%	106.94%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	595.13%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-64.41%	-125.88%	0.00%	0.00%	0.00%	-114.48%	-89.29%	-94.40%	-86.46%	-78.60%	-107.84%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-17.72%	-17.82%	0.00%	0.00%	0.00%	-8.14%	-3.51%	-6.60%	-3.53%	2.01%	-2.94%
Return on Assets (ROA)	-22.86%	-24.38%	0.00%	0.00%	0.00%	-14.18%	-2.49%	-18.55%	-6.17%	-1.32%	-9.07%
Return on Common Equity (ROCE)	-64.41%	-125.88%	0.00%	0.00%	0.00%	-114.48%	-89.29%	-94.40%	-86.46%	-78.60%	-107.84%
Return on Equity Simple (ROE_SIMPLE)	-83.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.82	-6.17	-5.10	-5.99	-3.13	-2.65	7.81	-1.93	-1.05	0.61	-0.86
NOPAT Margin	-13.37%	-13.88%	-11.40%	-13.59%	-7.06%	-5.82%	16.62%	-4.34%	-2.40%	1.34%	-1.92%
Net Nonoperating Expense Percent (NNEP)	-10.07%	-12.99%	-14.51%	-10.63%	-1.12%	-8.49%	-20.01%	-14.17%	-3.13%	-2.76%	-6.99%
Return On Investment Capital (ROIC_SIMPLE)	-	-9.50%	-	-	-	-4.69%	14.38%	-4.02%	-2.19%	1.73%	-2.64%
Cost of Revenue to Revenue	36.39%	35.59%	36.12%	34.87%	33.31%	29.22%	30.33%	29.79%	29.95%	27.57%	28.05%
SG&A Expenses to Revenue	27.02%	27.92%	26.98%	30.47%	22.01%	23.59%	21.93%	24.49%	20.29%	23.60%	24.08%
R&D to Revenue	28.84%	28.64%	26.81%	27.32%	28.06%	28.44%	25.73%	26.02%	26.17%	23.84%	24.06%
Operating Expenses to Revenue	82.71%	84.24%	80.17%	84.54%	76.77%	79.09%	73.03%	76.42%	73.48%	70.51%	74.69%
Earnings before Interest and Taxes (EBIT)	-8.31	-8.82	-7.29	-8.55	-4.47	-3.79	-1.58	-2.76	-1.50	0.88	-1.22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.16	-4.62	-3.10	-4.43	-0.40	0.34	2.47	1.22	2.38	4.67	2.54
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.45	9.09	7.59	7.51	8.39	13.50	12.79	18.21	12.54	40.49	39.07
Price to Tangible Book Value (P/TBV)	11.80	14.86	14.15	14.75	15.91	25.13	25.22	53.28	33.76	0.00	0.00
Price to Revenue (P/Rev)	1.32	1.57	0.00	0.00	0.00	1.84	1.60	1.70	1.23	1.42	1.02
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.10	1.34	0.00	0.00	0.00	1.55	1.33	1.46	0.93	1.23	0.83
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	72.90	26.33	20.72	13.64
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	22.63	19.50	15.94	11.10	15.31	9.08
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	14.87	11.35	10.11	290.63	0.00	63.92	26.18	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.98	1.14	1.35	1.42	1.37	1.32	1.40	1.83	1.71	4.59	5.99
Long-Term Debt to Equity	0.00	1.09	1.26	1.33	1.26	1.20	1.23	1.57	1.43	0.00	0.00
Financial Leverage	-1.16	-1.23	-1.31	-1.28	-1.54	-1.70	-1.87	-2.03	-2.40	-2.81	-3.05
Leverage Ratio	4.66	5.29	5.69	6.11	6.36	6.67	7.24	8.43	8.39	11.26	12.18
Compound Leverage Factor	4.61	6.40	6.85	5.38	3.28	8.85	-1.04	22.40	7.91	-6.32	13.03
Debt to Total Capital	49.43%	53.34%	57.36%	58.72%	57.74%	56.95%	58.28%	64.67%	63.12%	82.10%	85.69%
Short-Term Debt to Total Capital	49.43%	2.48%	3.51%	4.01%	4.37%	5.49%	6.93%	9.22%	10.46%	82.10%	85.69%
Long-Term Debt to Total Capital	0.00%	50.86%	53.85%	54.71%	53.36%	51.46%	51.35%	55.46%	52.66%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.57%	46.66%	42.64%	41.28%	42.26%	43.05%	41.72%	35.33%	36.88%	17.90%	14.31%
Debt to EBITDA	-4.21	-1.56	0.00	0.00	0.00	-4.25	-15.68	8.56	4.74	2.70	2.57
Net Debt to EBITDA	5.30	1.82	0.00	0.00	0.00	6.91	24.42	-12.21	-8.39	-3.14	-3.14
Long-Term Debt to EBITDA	0.00	-1.48	0.00	0.00	0.00	-3.84	-13.82	7.34	3.95	0.00	0.00
Debt to NOPAT	-1.91	-1.28	0.00	0.00	0.00	-1.91	-2.46	-3.52	-4.50	-8.36	-8.62
Net Debt to NOPAT	2.41	1.50	0.00	0.00	0.00	3.11	3.83	5.03	7.97	9.71	10.54
Long-Term Debt to NOPAT	0.00	-1.22	0.00	0.00	0.00	-1.73	-2.17	-3.02	-3.76	0.00	0.00
Altman Z-Score	-1.61	-1.38	-2.93	-3.13	-2.84	-1.31	-1.59	-1.60	-1.93	-2.26	-2.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	1.12	1.09	1.10	1.12	1.20	1.06	1.17	1.12	0.72	0.81
Quick Ratio	0.72	0.93	0.89	0.92	0.95	1.00	0.85	0.94	0.92	0.54	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.74	-2.76	5.05	6.21	12	15	20	11	12	-0.06	1.88
Operating Cash Flow to CapEx	367.26%	196.44%	-1,232.26%	-685.90%	11,352.13%	4,313.00%	-352.53%	2,108.73%	8,363.06%	2,872.44%	199.39%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.93	0.90	0.00	0.00	0.00	0.98	1.05	1.06	1.03	1.05	1.07
Accounts Receivable Turnover	8.03	6.72	0.00	0.00	0.00	8.26	10.04	8.37	8.43	9.95	10.12
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.49	9.94	0.00	0.00	0.00	9.85	10.56	11.21	11.92	12.67	13.17
Accounts Payable Turnover	3.00	2.69	0.00	0.00	0.00	3.10	2.42	2.30	2.47	2.88	2.30
Days Sales Outstanding (DSO)	45.48	54.28	0.00	0.00	0.00	44.21	36.36	43.63	43.28	36.67	36.05
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	121.64	135.91	0.00	0.00	0.00	117.67	150.59	158.48	147.73	126.64	158.87
Cash Conversion Cycle (CCC)	-76.16	-81.64	0.00	0.00	0.00	-73.46	-114.23	-114.85	-104.45	-89.98	-122.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-7.43	-10	-15	-14	-23	-28	-27	-27	-36	-27	-29
Invested Capital Turnover	-26.29	-20.53	0.00	0.00	0.00	-9.33	-8.73	-8.69	-6.15	-6.52	-6.38
Increase / (Decrease) in Invested Capital	-1.08	-3.42	-10	-12	-15	-18	-12	-13	-13	0.67	-2.74
Enterprise Value (EV)	200	235	151	138	156	277	241	264	169	223	147
Market Capitalization	240	276	191	176	203	329	290	309	222	256	181
Book Value per Share	$0.23	$0.21	$0.17	$0.16	$0.16	$0.16	$0.15	$0.11	$0.11	$0.04	$0.03
Tangible Book Value per Share	$0.15	$0.13	$0.09	$0.08	$0.09	$0.09	$0.07	$0.04	$0.04	($0.14)	($0.15)
Total Capital	64	65	59	57	57	57	54	48	48	35	32
Total Debt	31	35	34	33	33	32	32	31	30	29	28
Total Long-Term Debt	0.00	33	32	31	30	29	28	27	25	0.00	0.00
Net Debt	-40	-41	-40	-38	-47	-52	-49	-44	-54	-34	-34
Capital Expenditures (CapEx)	0.45	0.82	0.09	0.23	0.09	0.10	0.30	0.13	0.11	0.13	0.33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-56	-56	-58	-56	-63	-58	-54	-50	-55	-59	-58
Debt-free Net Working Capital (DFNWC)	13	13	11	12	15	23	9.34	21	17	-6.77	4.07
Net Working Capital (NWC)	-18	12	8.49	9.83	12	20	5.58	16	12	-36	-24
Net Nonoperating Expense (NNE)	4.91	5.89	5.99	4.02	0.48	3.95	8.93	5.82	1.58	1.19	2.91
Net Nonoperating Obligations (NNO)	-40	-41	-40	-38	-47	-52	-49	-44	-54	-34	-34
Total Depreciation and Amortization (D&A)	4.16	4.20	4.19	4.12	4.07	4.13	4.05	3.98	3.89	3.80	3.76
Debt-free, Cash-free Net Working Capital to Revenue	-30.74%	-31.93%	0.00%	0.00%	0.00%	-32.64%	-29.61%	-27.75%	-30.64%	-32.43%	-32.34%
Debt-free Net Working Capital to Revenue	7.44%	7.67%	0.00%	0.00%	0.00%	12.87%	5.16%	11.51%	9.27%	-3.74%	2.28%
Net Working Capital to Revenue	-9.93%	6.75%	0.00%	0.00%	0.00%	11.13%	3.08%	9.07%	6.49%	-19.80%	-13.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	($0.41)	($0.08)	$0.07	$0.02	($0.22)	($0.01)	$0.05	$0.02	($0.14)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	139.19M	138.24M	144.25M	147.61M	149.31M	147.93M	154.01M	153.54M	154.78M	152.91M	145.84M
Adjusted Diluted Earnings per Share	$0.08	$0.00	$0.00	($0.07)	$0.00	$0.00	$0.00	($0.05)	$0.00	$0.00	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	139.19M	0.00	146.91M	148.99M	149.70M	154.14M	153.62M	154.49M	154.78M	152.91M	145.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	141.41M	0.00	146.91M	148.99M	149.70M	154.14M	153.62M	154.49M	154.78M	148.74M	150.37M
Normalized Net Operating Profit after Tax (NOPAT)	-5.82	-6.17	-5.10	-5.99	-3.13	-2.65	-1.10	-1.93	-0.49	0.61	-0.86
Normalized NOPAT Margin	-13.36%	-13.88%	-11.40%	-13.59%	-7.06%	-5.82%	-2.35%	-4.34%	-1.12%	1.34%	-1.92%
Pre Tax Income Margin	-18.88%	-23.98%	-19.62%	-17.12%	-5.21%	-11.03%	0.48%	-16.48%	-3.23%	-1.08%	-2.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-9.42%	-24.74%	-64.79%	-56.15%	-216.82%	-161.97%

Financials Breakdown Chart

Key Financial Trends

Kaltura (NASDAQ: KLTR) is showing some improvement in liquidity and operating cash generation, but the business is still not consistently profitable and its balance sheet remains leveraged. The latest quarter, Q1 2026, shows a stronger cash position and positive operating cash flow, yet the company still posted a net loss and carries more liabilities than equity.

Cash and equivalents rose to $58.4 million in Q1 2026 from $41.5 million in Q3 2025, giving the company a healthier near-term liquidity cushion.
Including short-term investments, Kaltura ended Q1 2026 with about $61.8 million in cash and marketable securities.
Operating cash flow was positive in Q1 2026 at $656,000, a notable improvement from the negative $1.0 million in Q1 2025.
Free cash generation improved materially in Q1 2026 as investing activity was boosted by $31.8 million from sales/maturities of investments.
Revenue has been relatively stable year over year, with Q1 2026 revenue of $44.6 million versus $44.8 million in Q1 2025.
Gross margin remains solid, with Q1 2026 gross profit of $32.1 million on revenue of $44.6 million, or roughly 72%.
Deferred revenue remains meaningful at $55.7 million in current and noncurrent deferred revenue combined, which supports some future revenue visibility.
Long-term debt has declined over time, and by Q1 2026 Kaltura reported only $27.8 million of short-term debt and no long-term debt on the balance sheet.
Kaltura still posted a net loss of $3.8 million in Q1 2026, or -$0.03 per share.
Total liabilities of $155.1 million remain far above total equity of just $4.6 million, leaving the balance sheet highly leveraged.
Operating income was negative again in Q1 2026 at -$1.2 million, showing the core business is not yet consistently profitable.
Compared with Q1 2024, equity has fallen sharply from about $25.1 million to $4.6 million, reflecting continued losses and capital structure pressure.
The company’s quarterly earnings have been volatile, with losses in most periods over the last four years and only occasional near-breakeven quarters.

Trend takeaway: Kaltura’s recent quarter looks better on cash and operating cash flow than many prior periods, but the company is still struggling to turn revenue into consistent profits. The biggest positives are liquidity and improved cash generation; the biggest risks are ongoing losses, weak equity value, and a liability-heavy balance sheet.

07/21/26 08:59 AM ETAI Generated. May Contain Errors.

Kaltura Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kaltura's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Kaltura's net income appears to be on a downward trend, with a most recent value of -$12.07 million in 2025, falling from -$15.57 million in 2019. The previous period was -$31.32 million in 2024. Find out what analysts predict for Kaltura in the coming months.

Kaltura's total operating income in 2025 was -$4.96 million, based on the following breakdown:

Total Gross Profit: $127.67 million
Total Operating Expenses: $132.63 million

Over the last 6 years, Kaltura's total revenue changed from $97.35 million in 2019 to $180.85 million in 2025, a change of 85.8%.

Kaltura's total liabilities were at $158.37 million at the end of 2025, a 0.9% increase from 2024, and a 17.3% decrease since 2020.

In the past 5 years, Kaltura's cash and equivalents has ranged from $27.52 million in 2025 to $143.95 million in 2021, and is currently $27.52 million as of their latest financial filing in 2025.

Over the last 6 years, Kaltura's book value per share changed from 0.00 in 2019 to 0.04 in 2025, a change of 4.1%.

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Financial statements for NASDAQ:KLTR last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kaltura (KLTR) Financials

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Kaltura (KLTR) Financials

Annual Income Statements for Kaltura

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Quarterly Cash Flow Statements for Kaltura

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Quarterly Metrics And Ratios for Kaltura

Financials Breakdown Chart

Key Financial Trends

Kaltura Financials - Frequently Asked Questions

When does Kaltura's fiscal year end?

How has Kaltura's net income changed over the last 6 years?

What is Kaltura's operating income?

How has Kaltura's revenue changed over the last 6 years?

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How has Kaltura's book value per share changed over the last 6 years?

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