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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 through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T). The company creates, generates, manages, analyzes, distributes, publishes, and engages with live, real-time, and on-demand videos, and other forms; media content creation tools, AI-assisted and AI-generated content capabilities, content enrichment and repurposing, centralized content management, publishing, analytics, and content lifecycle management; and experience components, including live, real-time and on-demand video, audience interaction, moderation, analytics, and post-event content reuse. It offers cloud-based software systems designed for over-the-top and cloud television services. The company was incorporated in 2006 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $181M | $-2M | $-12M | $14M | -190.7% | 1.2% | -61.4% |
| 2024 | $179M | $-16M | $-31M | $12M | -128.4% | 2.0% | -32.5% |
| 2023 | $175M | $-30M | $-46M | $-12M | -152.9% | 3.8% | -32.3% |
| 2022 | $169M | $-56M | $-68M | $-53M | -158.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 168.81 | 175.17 | 178.72 | 180.85 |
| Operating Revenue | - | 168.81 | 175.17 | 178.72 | 180.85 |
| Cost Of Revenue | - | 61.87 | 62.94 | 59.61 | 53.18 |
| Gross Profit | - | 106.94 | 112.23 | 119.11 | 127.67 |
| Operating Expense | - | 162.08 | 149.92 | 143.21 | 131.30 |
| Research And Development | - | 57.39 | 52.40 | 49.43 | 45.99 |
| Selling General And Administration | - | 104.69 | 97.52 | 93.78 | 85.31 |
| Total Expenses | - | 223.95 | 212.85 | 202.82 | 184.49 |
| Operating Income | - | -55.14 | -37.68 | -24.10 | -3.63 |
| Total Operating Income As Reported | - | -56.38 | -38.66 | -24.10 | -4.96 |
| EBITDA | - | -55.62 | -29.56 | -15.92 | -2.26 |
| Normalized EBITDA | - | -52.42 | -30.76 | -16.09 | 3.36 |
| EBIT | - | -58.33 | -34.28 | -20.98 | -6.77 |
| Interest Income | - | 0.96 | 2.74 | 3.36 | 2.98 |
| Interest Expense | - | 2.30 | 3.18 | 2.68 | 2.24 |
| Net Interest Income | - | -2.29 | -0.97 | 0.26 | 0.25 |
| Other Income Expense | - | -3.20 | 1.20 | 0.18 | -5.63 |
| Interest Income Non Operating | - | 0.96 | 2.74 | 3.36 | 2.98 |
| Interest Expense Non Operating | - | 2.30 | 3.18 | 2.68 | 2.24 |
| Net Non Operating Interest Income Expense | - | -2.29 | -0.97 | 0.26 | 0.25 |
| Pretax Income | - | -60.63 | -37.46 | -23.66 | -9.01 |
| Tax Provision | - | 7.87 | 8.91 | 7.65 | 3.06 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.67 | 0.25 | 0.04 | -1.18 |
| Net Income Continuous Operations | - | -68.50 | -46.37 | -31.32 | -12.07 |
| Net Income From Continuing And Discontinued Operation | - | -68.50 | -46.37 | -31.32 | -12.07 |
| Net Income From Continuing Operation Net Minority Interest | - | -68.50 | -46.37 | -31.32 | -12.07 |
| Net Income | - | -68.50 | -46.37 | -31.32 | -12.07 |
| Net Income Common Stockholders | - | -68.50 | -46.37 | -31.32 | -12.07 |
| Net Income Including Noncontrolling Interests | - | -68.50 | -46.37 | -31.32 | -12.07 |
| Normalized Income | - | -65.97 | -47.31 | -31.45 | -7.63 |
| Diluted NI Availto Com Stockholders | - | -68.50 | -46.37 | -31.32 | -12.07 |
| Basic Average Shares | 71.07 | 130.37 | 138.24 | 147.93 | - |
| Diluted Average Shares | 71.07 | 130.37 | 138.24 | 147.93 | - |
| Reconciled Depreciation | - | 2.71 | 4.72 | 5.06 | 4.50 |
| Reconciled Cost Of Revenue | - | 61.87 | 62.94 | 59.61 | 53.18 |
| Total Unusual Items | - | -3.20 | 1.20 | 0.18 | -5.63 |
| Total Unusual Items Excluding Goodwill | - | -3.20 | 1.20 | 0.18 | -5.63 |
| Preferred Stock Dividends | 8.24 | - | - | - | - |
| Special Income Charges | - | -1.24 | -0.97 | 0 | -1.33 |
| Restructuring And Mergern Acquisition | - | 1.24 | 0.97 | 0 | 1.33 |
| Gain On Sale Of Security | - | -1.96 | 2.17 | 0.18 | -4.30 |
| General And Administrative Expense | - | 45.41 | 48.72 | 85.19 | 76.35 |
| Other Gand A | - | 45.41 | 48.72 | 13.72 | 12.94 |
| Salaries And Wages | - | 30.78 | 35.87 | 71.47 | 63.42 |
| Gain On Sale Of Ppe | 0.76 | 0 | - | - | - |
| Total Other Finance Cost | - | 0.95 | 0.53 | 0.41 | 0.49 |
| Other Operating Expenses | 1.72 | - | - | - | - |
| Selling And Marketing Expense | - | 59.28 | 48.80 | 8.58 | 8.96 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Kaltura, Inc.this co. | KLTR | $218M | -18.06 | 34.44 | -190.7% | -104.62 |
| Aviat Networks, Inc. | AVNW | $250M | 186.71 | 0.95 | 0.5% | 15.93 |
| Turtle Beach Corporation | TBCH | $248M | 15.78 | 1.93 | 12.2% | 8.09 |
| Commerce.com, Inc. | CMRC | $235M | -12.14 | 5.97 | -49.1% | 55.05 |
| Inseego Corp. | INSG | $228M | 272.12 | -56.39 |
| - |
| - |
| - |
| - |
| -20.7% |
| 18.42 |
| Immersion Corporation | IMMR | $219M | 3.41 | 0.74 | 21.6% | 2.48 |
| KULR Technology Group, Inc. | KULR | $212M | -3.42 | 1.74 | -50.9% | -3.32 |
| Information Services Group, Inc. | III | $208M | 22.23 | 2.19 | 9.9% | 10.77 |
| eGain Corporation | EGAN | $207M | 6.41 | 2.56 | 40.0% | 25.25 |
| Peer Median | - | 11.10 | 1.84 | 5.2% | 13.35 | |