Kaltura (KLTR) AI Stock Analysis

• Market Cap: $239.46M
• Dividend Yield: N/A
• Average Volume (3M): 234.71K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.19
• Revenue Growth: 2.56%
• EPS Growth: 59.00%
• Country: US
• Employees: 563
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.01
• Shares Outstanding: 154,491,500
• 10 Day Avg. Volume: 195,137
• 30 Day Avg. Volume: 234,713
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.18
• Enterprise Value/Revenue: 1.56
• Enterprise Value/Gross Profit: 2.25
• Enterprise Value/Ebitda: -36.27
• 1Y Price Target: $2.83
• Price Target Upside: 82.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 59 Neutral
• Price Target: $1.50 ▼(-3.23% Downside)

Kaltura's overall stock score reflects strong revenue growth and improving cash flow, but is tempered by profitability challenges and valuation concerns. Positive earnings call highlights are offset by declines in specific revenue segments and workforce reductions.

Positive Factors

Subscription Revenue Growth

The growth in subscription revenue indicates strong customer retention and demand for Kaltura's services, supporting long-term revenue stability.

Improved Gross Margin

Higher gross margins reflect better cost management and operational efficiency, enhancing profitability potential over time.

Cash Flow from Operations

Strong cash flow from operations indicates effective cash management, providing financial flexibility for future investments and growth.

Negative Factors

Profitability Challenges

Ongoing profitability issues suggest that Kaltura needs to improve its cost structures to enhance shareholder value and sustain growth.

Media and Telecom Revenue Decline

A decline in M&T revenue indicates potential challenges in maintaining market share and competitiveness in this segment.

Workforce Reduction

Workforce reductions may impact employee morale and productivity, potentially affecting service delivery and innovation capacity.

Kaltura Business Overview & Revenue Model

Company Description

Kaltura, Inc. provides various Software-as-a-Service products and solutions and a Platform-as-a-Service. The company offers video products, such as webinars, virtual events, video sites, and virtual classrooms for video-based communication, collaboration, training, and customer experience; and video industry solutions, such as learning management system video and lecture capture solutions for educational institutions. It also provides a TV solution that allows to provide OTT advertising and subscription-based live and on-demand TV services for media companies and telecom operators. In addition, the company offers media services, such as APIs, SDKs, and experience components, including live, real-time, and on-demand video creation, ingestion, transcoding, management, search, security, distribution, publishing, engagement, monetization, monitoring, multi-tenancy, and analytics, as well as video and TV content management systems. It serves a range of industries, including financial services, high technology, healthcare, education, public sector, media, and telecommunications. The company was incorporated in 2006 and is headquartered in New York, New York.

How the Company Makes Money

Kaltura generates revenue primarily through a subscription-based model, which allows customers to access its video technology solutions on a recurring basis. The company offers various pricing tiers based on usage, features, and customer needs, which include monthly or annual subscriptions for its platform services. Key revenue streams include licensing fees from its video platform, transaction fees from video monetization services, and professional services such as implementation and customer support. Additionally, Kaltura has formed strategic partnerships with educational institutions, media companies, and corporate enterprises, which contribute to its earnings through long-term contracts and collaborative projects.

Kaltura Financial Statement Overview

Summary

Kaltura shows strong revenue growth and improving cash flow, but struggles with profitability. The company has a manageable debt level but negative returns on equity, indicating a need for strategic improvements to enhance profitability and shareholder value.

Income Statement

Kaltura's income statement shows a strong gross profit margin of 69.36% in TTM, indicating efficient cost management. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -0.74% and negative EBIT and EBITDA margins. Revenue growth is promising at 23.8% in TTM, suggesting potential for future profitability if cost structures are improved.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.42 in TTM, showing manageable leverage. However, the return on equity is negative, indicating that the company is not generating profits from shareholders' equity. The equity ratio is not explicitly calculated, but the overall financial position suggests a need for improved profitability to enhance shareholder value.

Cash Flow

Kaltura's cash flow statement reveals a positive trend with a 37.62% growth in free cash flow in TTM, indicating improving cash generation capabilities. The operating cash flow to net income ratio is positive, suggesting that the company is generating cash from operations despite net losses. The free cash flow to net income ratio is close to 1, highlighting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	181.35M	178.72M	175.17M	168.81M	165.02M	120.44M
Gross Profit	125.78M	119.11M	112.23M	106.94M	102.70M	72.78M
EBITDA	-7.79M	-15.92M	-29.03M	-54.67M	-46.44M	-22.92M
Net Income	-1.35M	-31.32M	-46.37M	-68.50M	-59.35M	-58.76M
Balance Sheet
Total Assets	169.45M	181.31M	183.74M	206.17M	223.29M	90.95M
Cash, Cash Equivalents and Short-Term Investments	71.20M	81.33M	69.38M	85.97M	143.95M	27.71M
Total Debt	48.80M	50.03M	54.83M	58.85M	38.74M	50.04M
Total Liabilities	54.52M	156.92M	153.42M	162.82M	138.02M	191.50M
Stockholders Equity	114.92M	24.39M	30.32M	43.35M	85.27M	-100.54M
Cash Flow
Free Cash Flow	15.99M	11.71M	-12.40M	-52.80M	-28.11M	2.67M
Operating Cash Flow	16.60M	12.23M	-8.30M	-46.83M	-22.11M	5.80M
Investing Cash Flow	-2.55M	-12.41M	-1.58M	-49.76M	-5.24M	-2.75M
Financing Cash Flow	-13.58M	-3.53M	109.00K	-529.00K	143.37M	-1.85M

Kaltura Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KLTR, the sentiment is Negative. The current price of 1.55 is below the 20-day moving average (MA) of 1.55, below the 50-day MA of 1.57, and below the 200-day MA of 1.92, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 48.63 is Neutral, neither overbought nor oversold. The STOCH value of 24.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KLTR.

Kaltura Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ATEN	―	$1.29B	26.07	24.39%	1.35%	11.04%	18.70%
VRNT	―	$1.23B	30.76	4.72%	―	-2.32%	7.70%
TENB	―	$3.51B	―	-8.95%	―	11.05%	45.23%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BASE	―	―	―	―	―	10.98%	11.62%
DBX	―	$7.58B	17.74	―	―	-0.04%	-5.07%
KLTR	―	$239.46M	―	-94.40%	―	2.56%	59.00%

Kaltura Corporate Events

Kaltura CFO Resignation Announced on October 6, 2025

On October 6, 2025, Kaltura announced the resignation of its Chief Financial Officer, John Doherty, effective December 5, 2025, as he transitions to a role in the medical technology industry. The company has engaged an external firm to find his successor and Doherty will remain as an advisor until March 2026 to ensure a smooth transition. Kaltura reaffirmed its financial guidance for the third quarter and expressed confidence in its strategic direction and ability to deliver long-term shareholder value.

The most recent analyst rating on (KLTR) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Kaltura stock, see the KLTR Stock Forecast page.

Kaltura’s Earnings Call: Mixed Sentiment Amid Growth

In Kaltura’s recent earnings call, the sentiment was mixed. The company showcased strong financial metrics, including a record non-GAAP net profit and consistent adjusted EBITDA, driven by strategic expansions like the Vodafone contract and the launch of AI products. However, these positives were offset by challenges in the M&T segment, sequential revenue declines in EE&T, and a notable workforce reduction.

Kaltura Reports Strong Q2 2025 Results and Strategic Reorganization

Kaltura, Inc., a company specializing in AI-infused video experiences, operates within the technology sector, offering a platform for enterprise and TV content management among other video-first products. In its latest earnings report for the second quarter of 2025, Kaltura reported exceeding its guidance ranges with record non-GAAP net profit and strong operating cash flow, driven by increased bookings and the introduction of AI products. The company also announced a reorganization plan aimed at boosting efficiency, including a 10% workforce reduction, as part of its strategy to double adjusted EBITDA by 2026.