KALTURA INC KLTR
We, Kaltura, Inc. ("Kaltura," "we," "us," or "our"), are a market-leading provider of video and rich media offerings for enterprises. Our mission is to power rich, agentic digital experiences across organizational journeys for customers, employees, learners, and audiences.
Kaltura's Digital Experience Platform enables organizations to create, manage, and deliver video and rich media experiences that increasingly incorporate agentic artificial intelligence ("AI") capabilities, including conversational interfaces, workflow automation, and outcome-oriented engagement across digital touchpoints. We believe this combination of video, rich media and agentic capabilities enables organizations to move beyond static, one-size-fits-all digital experiences toward more personalized, contextual, and interactive agentic digital experiences at scale.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $180.9M | $178.7M | $175.2M | $168.8M | $165.0M | $120.4M | $97.3M | — |
| Cost of revenue | $53.2M | $59.6M | $62.9M | $61.9M | $62.3M | $47.7M | $35.6M | — |
| Gross profit | $127.7M | $119.1M | $112.2M | $106.9M | $102.7M | $72.8M | $61.7M | — |
| R&D | $46.0M | $49.4M | $52.4M | $57.4M | $48.4M | $29.6M | $24.2M | — |
| SG&A | $40.8M | $46.0M | $48.7M | $45.4M | $39.5M | $22.2M | $14.8M | — |
| Total operating expenses | $132.6M | $143.2M | $150.9M | $163.3M | $135.4M | $81.3M | $64.5M | — |
| Operating income | -$5.0M | -$24.1M | -$38.7M | -$56.4M | -$32.7M | -$8.5M | -$2.8M | — |
| Interest expense | $2.2M | $2.7M | $3.2M | $2.3M | $3.0M | $4.1M | $4.3M | — |
| Pre-tax income | -$9.0M | -$23.7M | -$37.5M | -$60.6M | -$52.8M | -$55.2M | -$14.0M | — |
| Income tax | $3.1M | $7.7M | $8.9M | $7.9M | $6.6M | $3.6M | $1.6M | — |
| Net income | -$12.1M | -$31.3M | -$46.4M | -$68.5M | -$59.4M | -$58.8M | -$15.6M | — |
| EPS, basic | -0.08 | -0.21 | -0.34 | -0.53 | -0.95 | -2.83 | — | — |
| EPS, diluted | -0.08 | -0.21 | -0.34 | — | 0.95 | 2.83 | 1.11 | — |
| Shares, diluted (wtd. avg.) | $152.9M | $147.9M | $138.2M | $130.4M | $71.1M | $24.9M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $27.5M | $33.1M | $36.7M | $45.8M | $144.4M | $28.4M | $27.1M | $29.2M |
| Short-term investments | $24.4M | $48.3M | $32.7M | $41.3M | $0 | — | — | — |
| Receivables | $16.4M | $20.0M | $23.3M | $28.8M | $17.5M | $17.1M | — | — |
| Total current assets | $90.7M | $121.6M | $111.7M | $133.0M | $175.6M | $53.5M | — | — |
| Property, plant and equipment | $12.4M | $16.2M | $20.1M | $15.1M | $9.5M | $4.1M | — | — |
| Goodwill | $25.4M | $11.1M | $11.1M | $11.1M | $11.1M | $11.1M | $9.4M | $9.4M |
| Other intangibles | $2.1M | $212.0K | $689.0K | $1.2M | $1.9M | $2.8M | — | — |
| Total assets | $164.7M | $181.3M | $183.7M | $206.2M | $223.3M | $91.0M | — | — |
| Accounts payable | — | — | — | — | $6.5M | $5.0M | — | — |
| Short-term debt | $29.0M | $3.1M | $1.6M | $5.8M | $2.8M | $1.0M | — | — |
| Total current liabilities | $126.5M | $101.7M | $99.9M | $108.8M | $98.1M | $83.0M | — | — |
| Long-term debt | $0 | $29.2M | $33.0M | $30.0M | $35.8M | $47.2M | — | — |
| Total liabilities | $158.4M | $156.9M | $153.4M | $162.8M | $138.0M | $191.5M | — | — |
| Retained earnings | -$480.9M | -$468.8M | -$437.5M | -$391.1M | -$322.6M | -$263.3M | — | — |
| Total equity | $6.3M | $24.4M | $30.3M | $43.3M | $85.3M | -$260.7M | -$210.3M | -$196.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $14.5M | $12.2M | -$8.3M | -$46.8M | -$22.1M | $5.8M | $370.0K | — |
| Depreciation and amortisation | $4.5M | $5.1M | $4.7M | $2.7M | $2.4M | $7.7M | $4.5M | — |
| Stock-based compensation | $16.5M | $26.3M | $30.0M | $23.6M | $17.1M | $5.1M | $2.3M | — |
| Capital expenditure | $661.0K | $521.0K | $2.6M | $1.2M | $1.9M | $1.1M | $2.2M | — |
| Investing cash flow | $9.1M | -$12.4M | -$1.6M | -$49.8M | -$5.2M | -$2.7M | -$2.7M | — |
| Financing cash flow | -$29.7M | -$3.5M | $109.0K | -$529.0K | $143.4M | -$1.8M | $300.0K | — |
| Buybacks | $26.2M | $2.9M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-018182.
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