Kaltura (KLTR) Financials

$1.51 +0.01 (+0.67%)

Closing price 04:00 PM Eastern

Extended Trading

$1.51 0.00 (0.00%)

As of 04:32 PM Eastern

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	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-68	-68	-46	-31
Consolidated Net Income / (Loss)	-59	-68	-46	-31
Net Income / (Loss) Continuing Operations	-59	-68	-46	-31
Total Pre-Tax Income	-53	-61	-37	-24
Total Operating Income	-33	-56	-39	-24
Total Gross Profit	103	107	112	119
Total Revenue	165	169	175	179
Operating Revenue	165	169	175	179
Total Cost of Revenue	62	62	63	60
Operating Cost of Revenue	62	62	63	60
Total Operating Expenses	135	163	151	143
Selling, General & Admin Expense	41	45	49	46
Marketing Expense	46	59	49	48
Research & Development Expense	48	57	52	49
Total Other Income / (Expense), net	-20	-4.25	1.20	0.43
Income Tax Expense	6.57	7.87	8.91	7.65
Basic Earnings per Share	($0.95)	($0.53)	($0.34)	($0.21)
Weighted Average Basic Shares Outstanding	71.07M	130.37M	138.24M	147.93M
Weighted Average Diluted Shares Outstanding	71.07M	143.26M	-	154.14M
Weighted Average Basic & Diluted Shares Outstanding	71.07M	143.26M	-	154.14M

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-19	-15	-13	-11	-11	-12	-11	-10	-3.61	-6.61
Consolidated Net Income / (Loss)	-19	-15	-13	-11	-11	-12	-11	-10	-3.61	-6.61
Net Income / (Loss) Continuing Operations	-19	-15	-13	-11	-11	-12	-11	-10	-3.61	-6.61
Total Pre-Tax Income	-18	-13	-10	-8.40	-8.22	-11	-8.79	-7.54	-2.31	-5.03
Total Operating Income	-15	-11	-12	-9.56	-8.31	-8.82	-7.29	-8.55	-4.47	-3.79
Total Gross Profit	26	28	27	29	28	29	29	29	30	32
Total Revenue	41	44	43	44	44	44	45	44	44	46
Operating Revenue	41	44	43	44	44	44	45	44	44	46
Total Cost of Revenue	15	16	16	15	16	16	16	15	15	13
Operating Cost of Revenue	15	16	16	15	16	16	16	15	15	13
Total Operating Expenses	41	39	39	38	36	37	36	37	34	36
Selling, General & Admin Expense	11	11	12	12	12	12	12	13	9.75	11
Marketing Expense	15	13	12	13	12	12	12	12	12	12
Research & Development Expense	14	14	14	13	13	13	12	12	12	13
Total Other Income / (Expense), net	-3.00	-1.31	1.79	1.17	0.10	-1.85	-1.50	1.01	2.16	-1.24
Income Tax Expense	1.59	2.11	2.62	2.38	2.51	1.40	2.31	2.46	1.30	1.57
Basic Earnings per Share	$0.15	($0.42)	($0.09)	$0.08	$0.08	($0.41)	($0.08)	$0.07	$0.02	($0.22)
Weighted Average Basic Shares Outstanding	132.19M	130.37M	135.09M	136.78M	139.19M	138.24M	144.25M	147.61M	149.31M	147.93M
Weighted Average Diluted Shares Outstanding	132.19M	143.26M	136.41M	138.49M	141.41M	0.00	146.91M	148.99M	149.70M	154.14M
Weighted Average Basic & Diluted Shares Outstanding	133.26M	143.26M	136.41M	138.49M	141.41M	0.00	146.91M	148.99M	149.70M	154.14M

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	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	116	-99	-9.05	-3.63
Net Cash From Operating Activities	-22	-47	-8.30	12
Net Cash From Continuing Operating Activities	-22	-47	-8.30	12
Net Income / (Loss) Continuing Operations	-59	-68	-46	-31
Consolidated Net Income / (Loss)	-59	-68	-46	-31
Depreciation Expense	2.41	2.71	4.72	5.06
Amortization Expense	8.08	11	12	11
Non-Cash Adjustments To Reconcile Net Income	33	26	27	24
Changes in Operating Assets and Liabilities, net	-5.81	-18	-5.69	2.92
Net Cash From Investing Activities	-5.24	-50	-1.58	-12
Net Cash From Continuing Investing Activities	-5.24	-50	-1.58	-12
Purchase of Property, Plant & Equipment	-5.85	-5.98	-4.10	-0.52
Purchase of Investments	0.00	-63	-49	-51
Sale and/or Maturity of Investments	0.00	19	52	39
Net Cash From Financing Activities	143	-0.53	0.11	-3.53
Net Cash From Continuing Financing Activities	143	-0.53	0.11	-3.53
Repayment of Debt	-52	-3.13	-4.77	-2.20
Repurchase of Common Equity	-5.19	0.00	0.00	-2.95
Issuance of Debt	42	0.00	3.50	0.00
Other Financing Activities, net	-0.38	2.60	1.38	1.62
Effect of Exchange Rate Changes	0.00	-1.42	0.73	0.09
Cash Interest Paid	1.94	2.30	2.95	2.69
Cash Income Taxes Paid	2.64	8.87	4.29	3.77

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 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-3.04	-8.29	-3.08	-2.47	-6.11	2.61	-5.12	2.84	2.44	-3.78
Net Cash From Operating Activities	1.15	-5.85	-7.43	-4.13	1.66	1.60	-1.15	-1.61	11	4.31
Net Cash From Continuing Operating Activities	1.15	-5.85	-7.43	-4.13	1.66	1.60	-1.15	-1.61	11	4.31
Net Income / (Loss) Continuing Operations	-19	-15	-13	-11	-11	-12	-11	-10	-3.61	-6.61
Consolidated Net Income / (Loss)	-19	-15	-13	-11	-11	-12	-11	-10	-3.61	-6.61
Depreciation Expense	0.52	0.83	1.01	1.15	1.25	1.31	1.31	1.28	1.25	1.23
Amortization Expense	2.82	2.98	2.97	2.90	2.90	2.90	2.89	2.84	2.82	2.90
Non-Cash Adjustments To Reconcile Net Income	13	7.90	6.32	3.14	9.74	8.17	5.56	8.53	5.13	4.91
Changes in Operating Assets and Liabilities, net	4.44	-2.78	-4.93	-0.54	-1.51	1.30	0.20	-4.25	5.09	1.89
Net Cash From Investing Activities	-5.12	-0.55	5.08	2.63	-6.63	-2.66	-3.52	5.28	-5.95	-8.23
Net Cash From Continuing Investing Activities	-5.12	-0.55	5.08	2.63	-6.63	-2.66	-3.52	5.28	-5.95	-8.23
Purchase of Property, Plant & Equipment	-1.74	-0.40	-1.23	-1.60	-0.45	-0.82	-0.09	-0.23	-0.09	-0.10
Purchase of Investments	-9.05	-13	-2.92	-13	-19	-15	-15	-3.97	-18	-13
Sale and/or Maturity of Investments	5.67	13	9.24	17	13	13	12	9.48	13	5.00
Net Cash From Financing Activities	0.94	-0.46	-0.92	-1.26	-1.09	3.39	-0.78	-0.52	-2.57	0.33
Net Cash From Continuing Financing Activities	0.94	-0.46	-0.92	-1.26	-1.09	3.39	-0.78	-0.52	-2.57	0.33
Repayment of Debt	-0.75	-0.75	-1.50	-1.50	-1.50	-0.27	-0.89	-0.44	-0.44	-0.44
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-2.20	-0.60
Other Financing Activities, net	1.69	0.29	0.58	0.24	0.41	0.16	0.10	0.07	0.07	1.38
Effect of Exchange Rate Changes	-	-1.42	0.20	0.29	-0.05	0.29	0.33	-	-	-0.20
Cash Interest Paid	0.55	0.87	0.75	0.76	0.74	0.71	0.69	0.69	0.70	0.61
Cash Income Taxes Paid	1.22	1.19	1.15	1.29	0.74	1.11	0.41	1.83	1.19	0.34

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	2021	2022	2023	2024
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	223	206	184	181
Total Current Assets	176	133	112	122
Cash & Equivalents	144	45	37	33
Short-Term Investments	0.00	41	33	48
Accounts Receivable	18	29	23	20
Prepaid Expenses	5.11	7.52	8.41	9.48
Other Current Assets	9.08	11	11	11
Plant, Property, & Equipment, net	9.50	15	20	16
Total Noncurrent Assets	38	58	52	44
Long-Term Investments	-	0.00	5.84	3.38
Goodwill	11	11	11	11
Intangible Assets	1.91	1.24	0.69	0.21
Other Noncurrent Operating Assets	25	46	34	29
Total Liabilities & Shareholders' Equity	223	206	184	181
Total Liabilities	138	163	153	157
Total Current Liabilities	98	109	100	102
Short-Term Debt	2.79	5.79	1.61	3.11
Accounts Payable	25	26	21	18
Current Deferred Revenue	52	60	62	63
Current Employee Benefit Liabilities	19	15	13	15
Other Current Liabilities	0.00	2.36	2.37	2.50
Total Noncurrent Liabilities	40	54	54	55
Long-Term Debt	36	30	33	29
Noncurrent Deferred Revenue	1.95	1.27	0.37	0.07
Other Noncurrent Operating Liabilities	2.19	23	20	26
Total Equity & Noncontrolling Interests	85	43	30	24
Total Preferred & Common Equity	85	43	30	24
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	85	43	30	24
Common Stock	413	440	472	500
Retained Earnings	-323	-391	-437	-469
Treasury Stock	-4.88	-4.88	-4.88	-7.80
Accumulated Other Comprehensive Income / (Loss)	0.00	-0.30	1.05	0.96

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	211	186	189	180	173	171	179
Total Current Assets	134	113	118	109	105	108	119
Cash & Equivalents	53	42	40	34	32	34	37
Short-Term Investments	40	34	29	35	37	34	41
Accounts Receivable	23	18	30	22	18	22	23
Prepaid Expenses	7.86	8.08	7.40	7.43	8.30	7.52	7.92
Other Current Assets	10	11	11	11	10	10	10
Plant, Property, & Equipment, net	14	19	20	21	19	18	17
Total Noncurrent Assets	63	54	51	50	49	45	43
Long-Term Investments	1.97	1.02	1.01	1.90	4.90	2.95	2.23
Goodwill	11	11	11	11	11	11	11
Intangible Assets	1.39	1.08	0.93	0.81	0.57	0.45	0.33
Other Noncurrent Operating Assets	49	41	38	36	32	30	29
Total Liabilities & Shareholders' Equity	211	186	189	180	173	171	179
Total Liabilities	159	148	153	147	148	148	154
Total Current Liabilities	103	125	132	127	97	98	106
Short-Term Debt	5.05	34	33	31	2.07	2.28	2.50
Accounts Payable	21	25	27	22	27	27	26
Current Deferred Revenue	58	50	57	59	54	55	63
Current Employee Benefit Liabilities	16	12	12	12	12	12	12
Other Current Liabilities	1.96	2.53	2.44	2.34	2.41	2.40	2.45
Total Noncurrent Liabilities	56	23	22	20	51	49	48
Long-Term Debt	31	0.00	0.00	0.00	32	31	30
Noncurrent Deferred Revenue	1.51	1.02	0.80	0.58	0.20	0.08	0.08
Other Noncurrent Operating Liabilities	23	22	21	20	19	18	18
Total Equity & Noncontrolling Interests	52	38	36	32	25	23	24
Total Preferred & Common Equity	52	38	36	32	25	23	24
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	52	38	36	32	25	23	24
Common Stock	433	447	455	463	478	487	493
Retained Earnings	-376	-404	-415	-425	-449	-459	-462
Treasury Stock	-4.88	-4.88	-4.88	-4.88	-4.88	-4.97	-7.11
Accumulated Other Comprehensive Income / (Loss)	-0.74	-0.55	-0.26	-0.68	0.30	-0.38	0.30

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

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	2.30%	3.77%	2.02%
EBITDA Growth	-92.93%	47.98%	65.93%
EBIT Growth	-72.54%	31.44%	37.66%
NOPAT Growth	-72.54%	31.44%	37.66%
Net Income Growth	-15.41%	32.31%	32.46%
EPS Growth	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-111.80%	82.27%	247.33%
Free Cash Flow Firm Growth	35.02%	55.16%	104.03%
Invested Capital Growth	66.02%	-50.05%	-174.03%
Revenue Q/Q Growth	0.81%	-3.29%	0.00%
EBITDA Q/Q Growth	2.89%	-197.87%	0.00%
EBIT Q/Q Growth	1.86%	-64.67%	0.00%
NOPAT Q/Q Growth	1.86%	-64.67%	0.00%
Net Income Q/Q Growth	1.65%	-72.05%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	9.46%	47.28%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	-53.96%	-93.81%
Invested Capital Q/Q Growth	-7.46%	-37.89%	-22.97%
Profitability Metrics	-	-	-
Gross Margin	63.35%	64.07%	66.65%
EBITDA Margin	-25.36%	-12.71%	-4.25%
Operating Margin	-33.40%	-22.07%	-13.48%
EBIT Margin	-33.40%	-22.07%	-13.48%
Profit (Net Income) Margin	-40.58%	-26.47%	-17.52%
Tax Burden Percent	112.98%	123.79%	132.33%
Interest Burden Percent	107.53%	96.90%	98.20%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%
Return on Equity (ROE)	-106.51%	-125.88%	-114.48%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-26.26%	-19.83%	-13.20%
Return on Assets (ROA)	-31.90%	-23.78%	-17.16%
Return on Common Equity (ROCE)	-106.51%	-125.88%	-114.48%
Return on Equity Simple (ROE_SIMPLE)	-158.02%	-152.92%	-128.41%
Net Operating Profit after Tax (NOPAT)	-39	-27	-17
NOPAT Margin	-23.38%	-15.45%	-9.44%
Net Nonoperating Expense Percent (NNEP)	-37.33%	-42.56%	-31.06%
Return On Investment Capital (ROIC_SIMPLE)	-49.87%	-41.64%	-29.78%
Cost of Revenue to Revenue	36.65%	35.93%	33.36%
SG&A Expenses to Revenue	26.90%	27.81%	25.74%
R&D to Revenue	33.99%	29.91%	27.66%
Operating Expenses to Revenue	96.75%	86.14%	80.13%
Earnings before Interest and Taxes (EBIT)	-56	-39	-24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-43	-22	-7.59
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	5.29	9.09	13.50
Price to Tangible Book Value (P/TBV)	7.39	14.86	25.13
Price to Revenue (P/Rev)	1.36	1.57	1.84
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.06	1.34	1.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	22.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	290.63
Leverage & Solvency	-	-	-
Debt to Equity	0.83	1.14	1.32
Long-Term Debt to Equity	0.69	1.09	1.20
Financial Leverage	-1.21	-1.23	-1.70
Leverage Ratio	3.34	5.29	6.67
Compound Leverage Factor	3.59	5.13	6.55
Debt to Total Capital	45.23%	53.34%	56.95%
Short-Term Debt to Total Capital	7.32%	2.48%	5.49%
Long-Term Debt to Total Capital	37.91%	50.86%	51.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.77%	46.66%	43.05%
Debt to EBITDA	-0.84	-1.56	-4.25
Net Debt to EBITDA	1.17	1.82	6.91
Long-Term Debt to EBITDA	-0.70	-1.48	-3.84
Debt to NOPAT	-0.91	-1.28	-1.91
Net Debt to NOPAT	1.27	1.50	3.11
Long-Term Debt to NOPAT	-0.76	-1.22	-1.73
Altman Z-Score	-1.75	-1.92	-1.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.22	1.12	1.20
Quick Ratio	1.05	0.93	1.00
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-53	-24	0.95
Operating Cash Flow to CapEx	-783.47%	-202.51%	2,347.98%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.79	0.90	0.98
Accounts Receivable Turnover	7.29	6.72	8.26
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	13.70	9.94	9.85
Accounts Payable Turnover	2.43	2.69	3.10
Days Sales Outstanding (DSO)	50.05	54.28	44.21
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	150.26	135.91	117.67
Cash Conversion Cycle (CCC)	-100.21	-81.64	-73.46
Capital & Investment Metrics	-	-	-
Invested Capital	-6.83	-10	-28
Invested Capital Turnover	-12.55	-20.53	-9.33
Increase / (Decrease) in Invested Capital	13	-3.42	-18
Enterprise Value (EV)	179	235	277
Market Capitalization	229	276	329
Book Value per Share	$0.33	$0.21	$0.16
Tangible Book Value per Share	$0.23	$0.13	$0.09
Total Capital	79	65	57
Total Debt	36	35	32
Total Long-Term Debt	30	33	29
Net Debt	-50	-41	-52
Capital Expenditures (CapEx)	5.98	4.10	0.52
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-56	-56	-58
Debt-free Net Working Capital (DFNWC)	30	13	23
Net Working Capital (NWC)	24	12	20
Net Nonoperating Expense (NNE)	29	19	14
Net Nonoperating Obligations (NNO)	-50	-41	-52
Total Depreciation and Amortization (D&A)	14	16	17
Debt-free, Cash-free Net Working Capital to Revenue	-33.16%	-31.93%	-32.64%
Debt-free Net Working Capital to Revenue	17.77%	7.67%	12.87%
Net Working Capital to Revenue	14.33%	6.75%	11.13%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.21)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	147.93M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	154.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	154.14M
Normalized Net Operating Profit after Tax (NOPAT)	-39	-27	-17
Normalized NOPAT Margin	-23.38%	-15.45%	-9.44%
Pre Tax Income Margin	-35.91%	-21.38%	-13.24%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-9.42%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.50%	3.16%	3.73%	4.53%	6.07%	0.93%	3.48%	0.35%	1.73%	2.55%
EBITDA Growth	-242.58%	14.43%	46.59%	54.61%	63.89%	38.83%	50.00%	19.70%	90.43%	107.26%
EBIT Growth	-152.89%	8.59%	30.58%	38.34%	44.02%	22.38%	28.34%	10.57%	46.28%	57.01%
NOPAT Growth	-152.89%	8.59%	18.41%	38.34%	44.02%	22.38%	39.04%	10.57%	46.28%	57.01%
Net Income Growth	22.69%	7.20%	24.41%	37.87%	44.83%	18.35%	13.28%	7.18%	66.34%	45.26%
EPS Growth	-42.31%	0.00%	0.00%	38.46%	0.00%	0.00%	0.00%	12.50%	0.00%	0.00%
Operating Cash Flow Growth	120.18%	45.57%	62.06%	81.67%	44.98%	127.39%	84.58%	61.16%	542.83%	169.39%
Free Cash Flow Firm Growth	-246.67%	0.00%	-195.22%	101.95%	81.49%	87.00%	148.38%	246.48%	358.61%	649.95%
Invested Capital Growth	70.58%	66.02%	30.57%	-134.88%	-16.94%	-50.05%	-217.28%	-555.83%	-207.27%	-174.03%
Revenue Q/Q Growth	-2.21%	7.35%	-14.19%	1.40%	-0.77%	2.15%	0.00%	-1.67%	0.60%	2.97%
EBITDA Q/Q Growth	5.20%	34.45%	-147.70%	11.02%	24.58%	-11.04%	0.00%	-42.90%	91.01%	184.17%
EBIT Q/Q Growth	4.22%	23.49%	-259.96%	6.03%	13.04%	-6.09%	0.00%	-17.27%	47.77%	15.09%
NOPAT Q/Q Growth	4.22%	23.49%	-288.09%	20.06%	13.04%	-6.09%	0.00%	-17.27%	47.77%	15.09%
Net Income Q/Q Growth	-12.08%	23.99%	-274.08%	15.76%	0.48%	-12.50%	0.00%	9.84%	63.91%	-82.96%
EPS Q/Q Growth	215.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	105.08%	-610.57%	-122.74%	44.40%	140.17%	-3.55%	0.00%	-40.05%	764.86%	-59.58%
Free Cash Flow Firm Q/Q Growth	72.10%	17.24%	-93.34%	117.19%	-364.68%	41.86%	0.00%	23.08%	97.55%	23.64%
Invested Capital Q/Q Growth	-200.95%	-7.46%	54.39%	53.03%	-238.51%	-37.89%	0.00%	2.91%	-58.60%	-22.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	64.25%	62.65%	63.06%	65.18%	63.61%	64.41%	63.88%	65.13%	66.69%	70.78%
EBITDA Margin	-28.05%	-17.13%	-14.32%	-12.56%	-9.55%	-10.38%	-6.92%	-10.05%	-0.90%	0.73%
Operating Margin	-36.18%	-25.79%	-27.64%	-21.79%	-19.09%	-19.83%	-16.28%	-19.42%	-10.08%	-8.31%
EBIT Margin	-36.18%	-25.79%	-23.51%	-21.79%	-19.09%	-19.83%	-16.28%	-19.42%	-10.08%	-8.31%
Profit (Net Income) Margin	-47.36%	-33.54%	-29.57%	-24.56%	-24.63%	-27.13%	-24.78%	-22.72%	-8.15%	-14.48%
Tax Burden Percent	108.90%	116.66%	125.75%	128.39%	130.50%	113.14%	126.26%	132.68%	156.55%	131.29%
Interest Burden Percent	120.21%	111.48%	100.00%	87.80%	98.86%	120.93%	120.53%	88.19%	51.63%	132.67%
Effective Tax Rate	0.00%	0.00%	0.00%	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%	-1,330.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	-1,321.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	1,266.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-94.21%	-106.51%	-74.82%	-63.56%	-64.41%	-125.88%	0.00%	0.00%	0.00%	-114.48%
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%
Operating Return on Assets (OROA)	-25.33%	-20.27%	-21.03%	-19.08%	-17.72%	-17.82%	0.00%	0.00%	0.00%	-8.14%
Return on Assets (ROA)	-33.17%	-26.37%	-26.45%	-21.51%	-22.86%	-24.38%	0.00%	0.00%	0.00%	-14.18%
Return on Common Equity (ROCE)	-94.20%	-106.51%	-74.82%	-63.56%	-64.41%	-125.88%	0.00%	0.00%	0.00%	-114.48%
Return on Equity Simple (ROE_SIMPLE)	-135.22%	0.00%	-111.23%	-100.40%	-83.75%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-10	-7.95	-8.37	-6.69	-5.82	-6.17	-5.10	-5.99	-3.13	-2.65
NOPAT Margin	-25.33%	-18.05%	-19.35%	-15.25%	-13.37%	-13.88%	-11.40%	-13.59%	-7.06%	-5.82%
Net Nonoperating Expense Percent (NNEP)	-10.29%	-8.78%	-7.12%	-8.65%	-10.07%	-12.99%	-14.51%	-10.63%	-1.12%	-8.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-10.05%	-	-	-	-9.50%	-	-	-	-4.69%
Cost of Revenue to Revenue	35.75%	37.35%	36.94%	34.82%	36.39%	35.59%	36.12%	34.87%	33.31%	29.22%
SG&A Expenses to Revenue	27.80%	25.47%	27.96%	28.33%	27.02%	27.92%	26.98%	30.47%	22.01%	23.59%
R&D to Revenue	33.84%	32.18%	32.65%	29.57%	28.84%	28.64%	26.81%	27.32%	28.06%	28.44%
Operating Expenses to Revenue	100.43%	88.43%	90.69%	86.97%	82.71%	84.24%	80.17%	84.54%	76.77%	79.09%
Earnings before Interest and Taxes (EBIT)	-15	-11	-10	-9.56	-8.31	-8.82	-7.29	-8.55	-4.47	-3.79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-12	-7.55	-6.20	-5.51	-4.16	-4.62	-3.10	-4.43	-0.40	0.34
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.61	5.29	6.82	8.14	7.45	9.09	7.59	7.51	8.39	13.50
Price to Tangible Book Value (P/TBV)	7.39	7.39	10.02	12.29	11.80	14.86	14.15	14.75	15.91	25.13
Price to Revenue (P/Rev)	1.72	1.36	1.46	1.62	1.32	1.57	0.00	0.00	0.00	1.84
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
Dividend Yield	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%
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
Enterprise Value to Revenue (EV/Rev)	1.38	1.06	1.22	1.41	1.10	1.34	0.00	0.00	0.00	1.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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
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
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	22.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	14.87	11.35	10.11	290.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.71	0.83	0.90	0.93	0.98	1.14	1.35	1.42	1.37	1.32
Long-Term Debt to Equity	0.61	0.69	0.00	0.00	0.00	1.09	1.26	1.33	1.26	1.20
Financial Leverage	-1.19	-1.21	-1.10	-0.96	-1.16	-1.23	-1.31	-1.28	-1.54	-1.70
Leverage Ratio	3.24	3.34	3.50	4.14	4.66	5.29	5.69	6.11	6.36	6.67
Compound Leverage Factor	3.89	3.72	3.50	3.63	4.61	6.40	6.85	5.38	3.28	8.85
Debt to Total Capital	41.47%	45.23%	47.50%	48.09%	49.43%	53.34%	57.36%	58.72%	57.74%	56.95%
Short-Term Debt to Total Capital	5.74%	7.32%	47.50%	48.09%	49.43%	2.48%	3.51%	4.01%	4.37%	5.49%
Long-Term Debt to Total Capital	35.74%	37.91%	0.00%	0.00%	0.00%	50.86%	53.85%	54.71%	53.36%	51.46%
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%
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%
Common Equity to Total Capital	58.53%	54.77%	52.50%	51.91%	50.57%	46.66%	42.64%	41.28%	42.26%	43.05%
Debt to EBITDA	-0.83	-0.84	-1.60	-2.22	-4.21	-1.56	0.00	0.00	0.00	-4.25
Net Debt to EBITDA	1.31	1.17	1.99	2.54	5.30	1.82	0.00	0.00	0.00	6.91
Long-Term Debt to EBITDA	-0.71	-0.70	0.00	0.00	0.00	-1.48	0.00	0.00	0.00	-3.84
Debt to NOPAT	-0.91	-0.91	-1.36	-1.57	-1.91	-1.28	0.00	0.00	0.00	-1.91
Net Debt to NOPAT	1.44	1.27	1.69	1.80	2.41	1.50	0.00	0.00	0.00	3.11
Long-Term Debt to NOPAT	-0.78	-0.76	0.00	0.00	0.00	-1.22	0.00	0.00	0.00	-1.73
Altman Z-Score	-0.67	-1.03	-1.30	-1.25	-1.61	-1.38	-2.93	-3.13	-2.84	-1.31
Noncontrolling Interest Sharing Ratio	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.30	1.22	0.90	0.89	0.86	1.12	1.09	1.10	1.12	1.20
Quick Ratio	1.12	1.05	0.75	0.75	0.72	0.93	0.89	0.92	0.95	1.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-26	-21	-10	1.79	-4.74	-2.76	5.05	6.21	12	15
Operating Cash Flow to CapEx	65.80%	-1,461.50%	-603.25%	-258.09%	367.26%	196.44%	-1,232.26%	-685.90%	11,352.13%	4,313.00%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.79	0.89	0.88	0.93	0.90	0.00	0.00	0.00	0.98
Accounts Receivable Turnover	7.06	7.29	9.28	5.76	8.03	6.72	0.00	0.00	0.00	8.26
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	15.21	13.70	11.84	11.05	10.49	9.94	0.00	0.00	0.00	9.85
Accounts Payable Turnover	2.85	2.43	2.67	2.57	3.00	2.69	0.00	0.00	0.00	3.10
Days Sales Outstanding (DSO)	51.72	50.05	39.32	63.31	45.48	54.28	0.00	0.00	0.00	44.21
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	128.18	150.26	136.90	142.08	121.64	135.91	0.00	0.00	0.00	117.67
Cash Conversion Cycle (CCC)	-76.46	-100.21	-97.58	-78.77	-76.16	-81.64	0.00	0.00	0.00	-73.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-6.35	-6.83	-4.67	-2.19	-7.43	-10	-15	-14	-23	-28
Invested Capital Turnover	-11.99	-12.55	-31.01	87.20	-26.29	-20.53	0.00	0.00	0.00	-9.33
Increase / (Decrease) in Invested Capital	15	13	2.06	-8.49	-1.08	-3.42	-10	-12	-15	-18
Enterprise Value (EV)	231	179	216	251	200	235	151	138	156	277
Market Capitalization	289	229	259	289	240	276	191	176	203	329
Book Value per Share	$0.39	$0.33	$0.28	$0.26	$0.23	$0.21	$0.17	$0.16	$0.16	$0.16
Tangible Book Value per Share	$0.30	$0.23	$0.19	$0.17	$0.15	$0.13	$0.09	$0.08	$0.09	$0.09
Total Capital	88	79	72	68	64	65	59	57	57	57
Total Debt	36	36	34	33	31	35	34	33	33	32
Total Long-Term Debt	31	30	0.00	0.00	0.00	33	32	31	30	29
Net Debt	-58	-50	-43	-38	-40	-41	-40	-38	-47	-52
Capital Expenditures (CapEx)	1.74	0.40	1.23	1.60	0.45	0.82	0.09	0.23	0.09	0.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-57	-56	-54	-51	-56	-56	-58	-56	-63	-58
Debt-free Net Working Capital (DFNWC)	36	30	22	19	13	13	11	12	15	23
Net Working Capital (NWC)	31	24	-12	-14	-18	12	8.49	9.83	12	20
Net Nonoperating Expense (NNE)	9.05	6.82	4.42	4.09	4.91	5.89	5.99	4.02	0.48	3.95
Net Nonoperating Obligations (NNO)	-58	-50	-43	-38	-40	-41	-40	-38	-47	-52
Total Depreciation and Amortization (D&A)	3.34	3.82	3.98	4.05	4.16	4.20	4.19	4.12	4.07	4.13
Debt-free, Cash-free Net Working Capital to Revenue	-33.77%	-33.16%	-30.31%	-28.50%	-30.74%	-31.93%	0.00%	0.00%	0.00%	-32.64%
Debt-free Net Working Capital to Revenue	21.40%	17.77%	12.67%	10.47%	7.44%	7.67%	0.00%	0.00%	0.00%	12.87%
Net Working Capital to Revenue	18.39%	14.33%	-6.77%	-7.94%	-9.93%	6.75%	0.00%	0.00%	0.00%	11.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.15)	($0.42)	($0.09)	($0.08)	$0.08	($0.41)	($0.08)	$0.07	$0.02	($0.22)
Adjusted Weighted Average Basic Shares Outstanding	132.19M	130.37M	135.09M	136.78M	139.19M	138.24M	144.25M	147.61M	149.31M	147.93M
Adjusted Diluted Earnings per Share	$0.15	$0.00	$0.00	($0.08)	$0.08	$0.00	$0.00	($0.07)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	132.19M	143.26M	136.41M	138.49M	139.19M	0.00	146.91M	148.99M	149.70M	154.14M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	133.26M	143.26M	136.41M	138.49M	141.41M	0.00	146.91M	148.99M	149.70M	154.14M
Normalized Net Operating Profit after Tax (NOPAT)	-9.78	-7.95	-7.71	-6.68	-5.82	-6.17	-5.10	-5.99	-3.13	-2.65
Normalized NOPAT Margin	-23.82%	-18.05%	-17.82%	-15.22%	-13.36%	-13.88%	-11.40%	-13.59%	-7.06%	-5.82%
Pre Tax Income Margin	-43.49%	-28.75%	-23.51%	-19.13%	-18.88%	-23.98%	-19.62%	-17.12%	-5.21%	-11.03%
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
NOPAT to Interest Expense	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
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
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%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-9.42%

Financials Breakdown Chart

Key Financial Trends

Kaltura (KLTR) shows a stable top line in 2024 with improving gross margins, but continues to generate losses and deploy cash into investments. The company posted about $45.6 million in revenue for Q4 2024, with gross margins around 70%. Operating losses persist, though operating cash flow turned positive in the latter part of 2024, and the balance sheet reflects meaningful deferred revenue and modest leverage. Below are the 10 most important near-term trends based on the last four years of quarterly data.

Q4 2024 revenue was $45.6 million, roughly in line with the prior 2024 quarters and modestly up from Q4 2023 ($44.5 million).
Gross margin improved to about 70% in Q4 2024 (32.28m gross profit on 45.61m revenue) versus the lower 60s% earlier in 2024.
Operating cash flow from continuing operations turned positive in Q3 2024 and remained positive in Q4 2024 (about $10.7 million in Q3 and $4.31 million in Q4).
Total assets remained in a narrow band around $170–190 million in 2024, indicating a relatively stable balance sheet size.
Current deferred revenue remained substantial (roughly $54–63 million across 2024), suggesting customers have prepaid for services and may support near-term revenue recognition.
Total liabilities and equity stayed near the same footprint in 2024, with long-term debt generally in the $30–31 million range, indicating moderate leverage.
Cash flow from operations shows volatility across quarters in 2024 (positive in Q3 and Q4, negative in Q1 and Q2), implying uneven quarterly cash generation.
Net income attributable to common shareholders remained negative in 2024 (for example, −$6.61 million in Q4 2024), underscoring ongoing profitability challenges.
Total operating expenses exceeded gross profit each quarter, producing negative operating income (Q4 2024 operating income −$3.79 million).
Investing activities consumed cash in every quarter of 2024 (e.g., net cash from continuing investing activities around −$8.23 million in Q4 2024), indicating ongoing capital deployment.

05/19/26 05:00 PM ETAI Generated. May Contain Errors.

Kaltura Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Kaltura's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

Kaltura's net income appears to be on a downward trend, with a most recent value of -$31.32 million in 2024, falling from -$59.35 million in 2021. The previous period was -$46.37 million in 2023. See where experts think Kaltura is headed by visiting Kaltura's forecast page.

Kaltura's total operating income in 2024 was -$24.10 million, based on the following breakdown:

Total Gross Profit: $119.11 million
Total Operating Expenses: $143.21 million

Over the last 3 years, Kaltura's total revenue changed from $165.02 million in 2021 to $178.72 million in 2024, a change of 8.3%.

Kaltura's total liabilities were at $156.92 million at the end of 2024, a 2.3% increase from 2023, and a 13.7% increase since 2021.

In the past 3 years, Kaltura's cash and equivalents has ranged from $33.06 million in 2024 to $143.95 million in 2021, and is currently $33.06 million as of their latest financial filing in 2024.

Over the last 2 years, Kaltura's book value per share changed from 0.33 in 2022 to 0.16 in 2024, a change of -49.9%.

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Financial statements for NASDAQ:KLTR last updated on 4/6/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Kaltura (KLTR) Financials

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Kaltura Financials - Frequently Asked Questions

When does Kaltura's financial year end?

How has Kaltura's net income changed over the last 3 years?

What is Kaltura's operating income?

How has Kaltura's revenue changed over the last 3 years?

How much debt does Kaltura have?

How much cash does Kaltura have?

How has Kaltura's book value per share changed over the last 2 years?

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