KALTURA INC

Listed Company

KLTRCIK 0001432133NasdaqAcceleratedEmerging GrowthServices-Prepackaged SoftwareFY ends Dec 31

Period

FY 2025

Revenue

$180.85M

Net Income

$-12.07M

Total Assets

$164.70M

Equity

$6.33M

Shares Out

148.74M

Op. Cash Flow

$14.54M

Business

KALTURA INC provides a unified, API-first video experience platform that delivers live, real-time, and on-demand video solutions for enterprises, education, media and telecommunications. Its core offerings include a Video Experience Cloud with a Video and TV Content Management platform, Video Portals, LMS/CMS video extensions, Virtual Events & Webinars, Virtual Classrooms, and TV Streaming Applications, many infused with generative AI capabilities. The company operates across three primary segments: Enterprise Video Content Management/OVP, Cloud TV Software, and Virtual Events/Webinars. Kaltura serves global markets through direct enterprise sales, channel partners, integrations and cloud, hybrid, and on-premises deployment models.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	181	179	175	169	165
Total cost of revenue	53	60	63	62	62
Gross profit	128	119	112	107	103
Research and development	46	49	52	57	48
Sales and marketing	45	48	49	59	46
General and administrative	41	46	49	45	39
Restructuring	903,000	0	973,000	—	—
Total operating expenses	133	143	151	163	135
Operating loss	5	24	39	56	33
Financial expenses (Income), net	4	−434,000	−1	4	20
Loss before provision for income taxes	9	24	37	61	53
Provision for income taxes	3	8	9	8	7
Net loss	12	31	46	68	59
Net loss per share - diluted (in dollars per share)	0.08	0.21	0.34	—	—
Net loss per share - basic (in dollars per share)	0.08	0.21	0.34	0.53	0.95
Weighted-average shares used in computing net loss per share - basic (in shares)	153	148	138	130	71
Weighted-average shares used in computing net loss per share - diluted (in shares)	153	148	138	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-06-30
Cash and cash equivalents	28	33	37	45	—
Marketable securities	24	48	33	41	—
Trade receivables	16	20	23	29	—
Prepaid expenses and other current assets	14	9	8	8	—
Deferred contract acquisition and fulfillment costs, current	9	11	11	11	—
Total current assets	91	122	112	133	—
Marketable securities	11	3	6	0	—
Property and equipment, net	12	16	20	15	—
Other assets, noncurrent	4	3	3	3	—
Deferred contract acquisition and fulfillment costs, noncurrent	9	14	17	22	—
Operating lease right-of-use assets	10	12	14	21	20
Intangible assets, net	2	212,000	689,000	1	—
Goodwill	25	11	11	11	—
Total noncurrent assets	74	60	72	73	—
TOTAL ASSETS	165	181	184	206	—
Current portion of long-term loans	29	3	2	6	—
Trade payables	4	3	4	9	—
Employees and payroll accruals	15	15	13	15	—
Accrued expenses and other current liabilities	16	14	17	17	—
Operating lease liabilities	3	3	2	2	—
Deferred revenue, current	60	63	62	60	—
Total current liabilities	126	102	100	109	—
Deferred revenue, noncurrent	2	67,000	369,000	1	—
Long-term loans, net of current portion	0	29	33	30	—
Operating lease liabilities, noncurrent	14	15	18	21	—
Other liabilities, noncurrent	15	11	2	2	—
Total noncurrent liabilities	32	55	54	54	—
TOTAL LIABILITIES	158	157	153	163	—
COMMITMENTS AND CONTINGENCIES (NOTE 9)	—	—	—	—	—
Preferred stock, $0.0001 par value per share, 20,000,000 shares authorized as of December 31, 2025, and 2024; 0 shares issued and outstanding as of December 31, 2025, and 2024	0	0	0	0	—
Common stock $0.0001 par value per share, 1,000,000,000 shares authorized as of December 31, 2025 and 2024; 176,766,256 and 161,980,907, shares issued as of December 31, 2025 and 2024, respectively; 147,754,918 and 152,057,148 outstanding as of December 31, 2025 and 2024, respectively	18,000	15,000	14,000	13,000	—
Treasury stock 29,011,338 and 9,923,759 shares of common stock, $0.0001 par value per share, as of December 31, 2025 and 2024, respectively	−34	−8	−5	−5	—
Additional paid-in capital	518	500	472	440	—
Accumulated other comprehensive income	3	959,000	1	−301,000	—
Accumulated deficit	−481	−469	−437	−391	—
Total stockholders' equity	6	24	30	43	—
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	165	181	184	206	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	5	5	5	3	2
Stock-based compensation expenses	16	26	30	24	17
Amortization of deferred contract acquisition and fulfillment costs	11	11	12	11	8
Non-cash interest income, net	−349,000	−1	−1	−146,000	331,000
Gain on foreign exchange	−522,000	−90,000	−728,000	1	0
Decrease in trade receivables	4	3	5	−11	−1
Decrease (Increase) in prepaid expenses and other current assets and other assets, noncurrent	−3	−949,000	648,000	429,000	−2
Increase in deferred contract acquisition and fulfillment costs	−5	−7	−7	−12	−18
Increase (Decrease) in trade payables	706,000	−534,000	−6	3	4
Increase in accrued expenses and other current liabilities	1	5	797,000	−2	4
Increase (Decrease) in employees and payroll accruals	−682,000	3	−2	−4	2
Increase (Decrease) in other liabilities, noncurrent	−2	−14,000	443,000	−51,000	−675,000
Increase (Decrease) in deferred revenue	−757,000	458,000	2	7	6
Operating lease right-of-use assets and lease liabilities, net	2	−840,000	−863,000	527,000	0
Net cash provided by (used in) operating activities	15	12	−8	−47	−22
Investment in available-for-sale marketable securities	−54	−51	−48	−60	0
Proceeds from maturities of available-for-sale marketable securities	71	39	52	19	0
Purchases of property and equipment	−661,000	−521,000	−3	−1	−2
Payments for businesses acquired, net of acquired cash	−7	0	0	—	—
Capitalized internal-use software development costs	0	0	−1	−5	−4
Investment in restricted bank deposit	0	0	−2	−3	0
Net cash provided by (used in) investing activities	9	−12	−2	−50	−5
Proceeds from long-term loans	0	0	4	0	42
Repayment of long-term loans	−4	−2	−5	−3	−52
Proceeds from exercise of stock options	3	2	1	3	1
Cash settlement of equity classified share-based payment awards	−3	0	0	—	—
Payment of debt issuance costs	0	−17,000	−274,000	−125,000	0
Repurchase of common stock	−26	−3	0	0	—
Payments on account of repurchase of common stock	30,000	−30,000	0	—	—
Net cash provided by (used in) financing activities	−30	−4	109,000	−529,000	143
Effect of exchange rate changes on cash, cash equivalents and restricted cash	522,000	90,000	728,000	−1	0
Net decrease in cash, cash equivalents and restricted cash	−6	−4	−9	−99	116
Purchase of property, equipment, internal-use software, and intangible asset in credit	81,000	213,000	43,000	355,000	1
Capitalized stock-based compensation cost	0	645,000	845,000	296,000	0
Issuance of common shares and warrants with respect to the business combination	2	0	0	—	—
Pending proceeds from option exercises	136,000	217,000	79,000	227,000	0
Lease incentive recognized as leasehold improvements	0	0	5	2	0
Cash paid for income taxes, net	2	4	4	9	3
Cash paid for interest	2	3	3	2	2

Filings

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