Kaltura, Inc.
- Open
- 1.30
- Day high
- 1.30
- Day low
- 1.29
- Prev close
- 1.30
- Volume
- 118K
- Mkt cap
- $189M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 40.8
- P/S
- 1.1
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$646K over the last 3 months (0 open-market buys, 43 sales)
- 🏛Institutions mixed (13F)
Kaltura, Inc. (KLTR) is a Technology company listed on NASDAQ. The stock is down 35% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 43 sales (SEC Form 4).
Kaltura, Inc. (KLTR) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
KLTR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $0.00 | $0.01 | +1718.2% | $45M | +3.8% |
| Mar 16, 2026 | $-0.00 | $0.03 | +8671.4% | $46M | +2.7% |
| Aug 7, 2025 | $-0.00 | $0.01 | +342.7% | $44M | +2.1% |
| May 8, 2025 | $-0.01 | $0.02 | +366.7% | $47M | +7.2% |
| Feb 20, 2025 | $-0.01 | $0.01 | +200.0% | $46M | +0.7% |
| Feb 22, 2024 | $-0.03 | $-0.03 | -15.4% | $44M | +6.4% |
| Aug 2, 2023 | $-0.01 | $-0.02 | -43.1% | $44M | +1.8% |
| Feb 22, 2023 | $-0.07 | $-0.06 | +14.3% | $44M | +3.2% |
| Nov 10, 2022 | $-0.08 | $-0.09 | -12.5% | $41M | -0.7% |
| Feb 23, 2022 | $-0.11 | $-0.12 | -9.1% | $43M | -0.3% |
| Nov 3, 2021 | $-0.11 | $-0.26 | -136.4% | $43M | +2.9% |
| Aug 18, 2021 | — | $-0.37 | — | $42M | -0.4% |
KLTR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | Manor Eyaldirector | Sell | 8,825 | $1.29 |
| Jun 29, 2026 | Manor Eyaldirector | Sell | 34,601 | $1.30 |
| Jun 26, 2026 | Levandov Richarddirector | Grant | 133,333 | — |
| Jun 26, 2026 | Dracon Gregory C.director | Grant | 170,594 | — |
| Jun 26, 2026 | Faier Ronendirector | Grant | 133,333 | — |
| Jun 26, 2026 | David Shaydirector | Grant | 133,333 | — |
| Jun 26, 2026 | Halevi-Davidov Naamadirector | Grant | 133,333 | — |
| Jun 26, 2026 | Manor Eyaldirector | Grant | 133,333 | — |
| Jun 22, 2026 | Azaria Eynavofficer: See Remarks | Sell | 10,217 | $1.40 |
| Jun 18, 2026 | Azaria Eynavofficer: See Remarks | Sell | 4,448 | $1.43 |
| Jun 17, 2026 | Azaria Eynavofficer: See Remarks | Sell | 12,073 | $1.48 |
| Jun 17, 2026 | Azaria Eynavofficer: See Remarks | Sell | 19,456 | $1.48 |
| Jun 17, 2026 | Israeli Natanofficer: Chief Customer Officer | Sell | 4,594 | $1.50 |
| Jun 17, 2026 | Israeli Natanofficer: Chief Customer Officer | Sell | 4,013 | $1.50 |
| Jun 16, 2026 | Azaria Eynavofficer: See Remarks | Sell | 8,344 | $1.41 |
Source: KLTR SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full KLTR insider & 13F page →Kaltura, Inc. company profile
Overview
Kaltura, Inc. (NASDAQ:KLTR) is a New York-based software company that provides video technology solutions through Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) offerings. Founded in 2006 and going public in July 2021, Kaltura has evolved from a video management platform into a comprehensive video experience company serving enterprises, educational institutions, media companies, and telecommunications providers. The company has weathered challenging market conditions since its IPO, focusing on achieving profitability while investing in artificial intelligence capabilities to enhance its video platform offerings.
Business
Kaltura operates in the enterprise video software industry, providing comprehensive video technology solutions that enable organizations to create, manage, distribute, and analyze video content across various use cases. The company's core offering is a cloud-based video platform that handles the entire video lifecycle - from content creation and live streaming to storage, transcoding, security, analytics, and monetization. The company operates through two primary business segments that collectively generated $178.7 million in revenue for fiscal year 2024: 1. Enterprise, Education & Technology (EE&T) segment represents approximately 70% of total revenue and serves corporate enterprises, educational institutions, and technology companies. This segment provides solutions for internal communications, training programs, virtual events, webinars, lecture capture systems for universities, and learning management system integrations. Key products include virtual classrooms, video portals, and enterprise communication tools. 2. Media & Telecom (M&T) segment accounts for roughly 30% of revenue and serves media companies, broadcasters, and telecommunications operators. This segment offers over-the-top (OTT) television solutions that enable clients to launch subscription-based and advertising-supported streaming services, similar to Netflix or Hulu but for smaller operators and niche content providers. The platform includes comprehensive media services through APIs and software development kits (SDKs) that provide live streaming capabilities, video-on-demand functionality, content management systems, multi-tenancy support, monetization tools, and detailed analytics. Recent product developments have heavily emphasized artificial intelligence features, including AI-powered content creation tools called "Content Lab," personalized recommendation engines branded as "Genie" agents, and automated transcription and dubbing services.
Revenue model
Kaltura generates revenue primarily through subscription-based software licensing, with subscription revenue representing over 90% of total revenue ($169.4 million of $178.7 million in fiscal 2024). The company operates on a recurring revenue model where customers pay monthly or annual fees based on usage metrics such as storage capacity, bandwidth consumption, number of users, or content volume processed through the platform. Professional services revenue, which includes implementation, customization, and consulting services, contributes the remaining portion of revenue but has been declining as the company focuses on more scalable, self-service offerings. The company's customers are primarily businesses and institutions rather than individual consumers, with enterprise clients typically signing multi-year contracts. Several factors influence Kaltura's profit margins and growth trajectory. Positive margin drivers include the company's shift toward higher-margin subscription revenue and away from lower-margin professional services, economies of scale in cloud infrastructure costs as the platform grows, and the introduction of AI-powered features that can command premium pricing. The company's focus on customer consolidation - where existing clients expand their use of Kaltura's platform across more departments and use cases - also improves margins through reduced customer acquisition costs. Margin pressures come from intense competition in the enterprise software space, requiring continued investment in product development and sales teams. Cloud infrastructure costs, while benefiting from scale, still represent a significant expense that fluctuates with customer usage patterns. Macroeconomic conditions have lengthened sales cycles and increased customer price sensitivity, particularly affecting new customer acquisition. The company's heavy investment in AI capabilities, while strategically important, requires substantial research and development spending that pressures near-term profitability.
Competitive moat
Kaltura's competitive moat is moderate but improving, built primarily around customer switching costs and workflow integration rather than strong network effects or proprietary technology. The company's strongest defensive position comes from deep integration into customer workflows - once organizations embed Kaltura's video infrastructure into their learning management systems, communication platforms, or content distribution networks, switching becomes costly and disruptive. The platform benefits from data network effects where accumulated video content, user behavior analytics, and AI training data become more valuable over time, enabling better personalization and recommendations. Kaltura's comprehensive end-to-end video platform creates some competitive advantage by reducing the need for customers to integrate multiple point solutions, though this advantage is not insurmountable. However, the moat faces significant competitive threats. Large technology companies like Microsoft (with Teams and Stream), Google (with YouTube Enterprise solutions), and Amazon (with AWS media services) possess substantially greater resources and can bundle video capabilities with broader enterprise software suites. Specialized competitors like Vimeo, Brightcove, and Wistia target similar market segments with focused offerings. The relatively commoditized nature of cloud video infrastructure means that well-funded competitors can replicate core functionality, though they may lack Kaltura's specialized vertical expertise. The company's AI initiatives represent both an opportunity to strengthen its moat through unique personalization capabilities and a risk if larger technology companies deploy superior AI resources more effectively. Kaltura's success in maintaining its competitive position will largely depend on execution in AI development and its ability to deepen customer relationships faster than competitors can replicate its functionality.
Risks & safety
Kaltura presents moderate financial risk with improving but still fragile cash flow dynamics. • Liquidity and Solvency: Cash position of $31.7 million with minimal debt provides approximately 12-18 months of operating runway at current burn rates. Current ratio of 1.06 indicates tight but adequate short-term liquidity. Debt-to-equity ratio of 0.41 is manageable. • Cash Flow: Recent improvement from negative $1.3 million free cash flow in Q1 2025 to positive $4.2 million in Q4 2024 shows progress toward sustainability. Full-year 2024 positive operating cash flow of $12.2 million represents significant improvement from historical losses. • Valuation Metrics: Trading at 1.9x revenue based on current market cap, which appears reasonable for a slow-growth SaaS company. Negative EBITDA makes traditional profitability metrics less meaningful, though the company achieved positive adjusted EBITDA in recent quarters. • Other Considerations: Revenue growth has decelerated to low single digits, creating pressure to achieve profitability through cost management rather than scale. Customer concentration risk exists with some large enterprise clients, though the company has not disclosed specific concentration levels.
Recent development
Over the past two years, Kaltura has undergone a significant strategic transformation focused on artificial intelligence integration and operational efficiency. The company has shifted from a growth-at-all-costs approach to prioritizing profitability, implementing cost reduction measures including an 11% workforce reduction while selectively investing in AI capabilities. AI-Powered Product Evolution: Kaltura has launched comprehensive AI offerings including Content Lab for automated content repurposing, Class Genie and Work Genie for personalized learning and workplace experiences, AI-powered transcription engines deployed across 200+ customers, and automated dubbing and subtitling capabilities. The company currently has 150 customers in its AI beta program, with 20 progressing to test implementations. Leadership and Organizational Changes: The company appointed new leadership in key positions, including Navi Azaria as Chief Product Officer and Liad Eshkar as Chief Revenue Officer, while experiencing departures of long-tenured executives. This leadership transition reflects the company's strategic pivot toward AI-first product development and more efficient go-to-market strategies. Financial Discipline and Profitability Focus: Kaltura achieved six consecutive quarters of positive adjusted EBITDA as of Q4 2024, representing a dramatic improvement from significant losses in prior years. The company has established ambitious targets including doubling adjusted EBITDA by 2026 and returning to "Rule of 30" performance (combining revenue growth rate and profit margin) by 2028. Market Positioning Strategy: Rather than pursuing aggressive expansion, Kaltura has focused on deepening relationships with existing customers, consolidating video use cases within client organizations, and gradually rebuilding its sales capacity. This approach has resulted in improved customer retention and higher-value contract renewals, though it has limited new customer acquisition growth.
KLTR company profile · for informational purposes only — not investment advice.
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