Kaltura (73Q) AI Stock Analysis

Kaltura

(Frankfurt:73Q)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Strong Gross MarginsA gross margin near 71% indicates attractive software unit economics and provides room to fund research, sales, customer support, and other growth investments. The improvement from 2023 also suggests the platform can retain meaningful value after direct delivery costs.

Negative Factors

Very High LeverageThe very thin equity cushion leaves limited protection if operating results weaken and materially reduces financial flexibility. High leverage can constrain investment and capital allocation while increasing the importance of maintaining positive cash generation and improving profitability over the coming quarters.

Kaltura (73Q) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 221.20M
Dividend Yield: ―
Average Volume (3M): ―
Price to Earnings (P/E): -16.2
Beta (1Y): 0.36
Revenue Growth: -7.07%
EPS Growth: 37.00%
Country: Germany
Employees: 494
Sector: Technology
Sector Strength: 61
Industry: Software - Application

Kaltura Business Overview & Revenue Model

Company Description

Kaltura, Inc., together with its subsidiaries, provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates th...

Kaltura Earnings Call Summary

Earnings Call Date:May 10, 2026(Q1-2026)|% Change Since:17.59%|Next Earnings Date:Nov 08, 2026

Earnings Call SentimentNeutral

The call presents a mixed but constructive picture: management delivered better-than-expected operational results (beat guidance, positive Q1 operating cash flow, improved margins and higher adjusted EBITDA) and announced meaningful product and M&A milestones (GA launches, ISO AI certification, PathFactory close). However, revenue and ARR remain slightly down year-over-year, net dollar retention is below 100% driven by media & telecom churn, the M&T segment is materially weaker, and GAAP loss widened due to noncash and acquisition-related charges. Guidance was raised for the full year but growth rates are modest. Overall, the operational and strategic progress is encouraging, but underlying top-line and retention headwinds keep the tone balanced.

Positive Updates

Beat Guidance Across Key Metrics

Total revenue of $44.6M exceeded the high end of guidance, subscription revenue of $43.2M also exceeded guidance, and adjusted EBITDA of $5.7M beat the high end of the guided range.

Negative Updates

Year-over-Year Revenue Decline

Total revenue declined 5% year-over-year to $44.6M and was down 2% sequentially; subscription revenue declined 4% YoY to $43.2M (though up 1% sequentially).

Company Guidance

Kaltura raised and narrowed 2026 guidance, calling for Q2 subscription revenue of $43.3–$44.1M (up 2–4% YoY), Q2 total revenue of $45.2–$46.0M (up 2–3% YoY) and Q2 adjusted EBITDA of $2–$3M; for the full year it now expects subscription revenue of $174.5–$176.7M (up 1–3%), total revenue of $182.6–$184.8M (up 1–2%) and adjusted EBITDA of $13.8–$15.2M, with subscription and total revenue forecast to pick up gradually through the year. Q1 actuals were $44.6M total revenue and $43.2M subscription revenue with adjusted EBITDA $5.7M; RPO was $154.5M (67% expected to be recognized in 12 months), ARR $168.8M, NDR 95% and cash of $61.8M, and management expects new product revenue to begin in H2 2026 with a more meaningful impact in 2027.

Kaltura Risk Analysis

Kaltura disclosed 78 risk factors in its most recent earnings report. Kaltura reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Kaltura Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

DE:73Q against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
API	67Neutral	$410.51M	35.40	1.96%	―	13.62%	―
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
XPER	59Neutral	$259.95M	-7.60	-7.84%	―	-3.87%	-946.99%
EGHT	55Neutral	$301.87M	63.33	3.34%	―	3.66%	―
PARA	40Underperform	$2.08M	-0.01	-194.64%	63.09%	17.77%	95.50%
BTLN	34Underperform	$9.19M	-1.31	-111.45%	―	-21.73%	-105.80%

* Technology Sector Average

Performance Comparison

DE:73Q and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:73Q	Kaltura, Inc.	1.27	0.00	0.00%
EGHT	8x8 Inc	2.09	0.23	12.37%
API	Agora, Inc.	4.39	0.89	25.43%
PARA	Banzai International, Inc.	3.17	-360.83	-99.13%
BTLN	Brightline Interactive, Inc.	3.13	-9.59	-75.39%
XPER	Xperi Inc	5.33	-1.27	-19.24%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Kaltura AI Stock Analysis