KLTR earnings analysis
What we found in KLTR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Kaltura's Q1 2026 results reflected a revenue decline of 5% year-over-year, totaling $44.6 million, slightly missing analyst estimates. Gross margins improved to 72%, while the net loss expanded to $3.77 million, attributed to increased tax provisions and higher financial expenses. Management noted challenges in revenue retention and provided cautious guidance for Q2 2026, expecting slight revenue growth.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline But Gross Margin Improvement
- Total revenue for Q1 2026 was $44.6 million, a 5% decrease from $46.98 million in Q1 2025, but gross margins improved to 72% from 70%.
- Net Loss Increase
- Net loss for Q1 2026 was $3.77 million, compared to a loss of $1.12 million in Q1 2025.
- Enterprise Segment Stability
- Enterprise, Education & Technology segment revenue was stable at $34.15 million, down only 1% year-over-year.
- Positive Operating Cash Flow
- Operating cash flow was positive at $0.66 million for Q1 2026, an improvement from negative cash flow of -$1.05 million in Q1 2025.
- Strong Retention Rate Despite Challenges
- Net Dollar Retention Rate was 95% compared to 107% in Q1 2025, reflecting challenges in retaining revenue from existing customers.
- Cash Position Strengthens
- Cash and cash equivalents at the end of Q1 2026 increased to $58.5 million from $31.8 million year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Year-over-Year Revenue Decline
- Revenue decreased by 5% compared to Q1 2025, highlighting ongoing challenges in market demand.
- Increased Net Loss
- Net losses widened significantly by 237% year-over-year from $1.12 million in Q1 2025.
- Declining Annualized Recurring Revenue
- Annualized Recurring Revenue fell by 3% year-over-year, indicating potential future revenue issues.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.03
- Gross margin
- 72%
- Segment
- Enterprise, Education & Technology: $34.15 million
- Segment
- Media & Telecom: $10.47 million
What they said about what is next.
Management expects Q2 2026 revenue to be between $45.2 million and $46.0 million.
The filing reads worse than the one before it.
What came before.
- 10-Q · August 7, 2025
- Kaltura reported Q2 revenue of $44,462,000, essentially flat year-over-year (Q2 2024: $44,032,000) with gross margin expanding to 70.2% (Q2 2024: 65.1%). Operating loss narrowed to $2,757,000 (operating margin -6.2%)…
- 10-Q · November 6, 2024
- Kaltura reported Q3 revenue of $44,295,000, up from $43,542,000 in the year-ago quarter (+$753,000) with gross profit of $29,541,000 (≈66.7% margin). Operating loss narrowed to $4,466,000 (operating margin ≈-10.1%) and…
- 10-Q · May 8, 2024
- Kaltura reported Q1 revenue of $44,781,000, up $1,508,000 (3.5%) year-over-year from $43,273,000, with gross profit of $28,608,000 (gross margin 63.9%) and an improved operating loss of $7,291,000 versus $11,960,000 a…
- 10-K · February 22, 2024
- Kaltura positions itself as a Video Experience Cloud provider focused on on-demand, live and real-time video products and broadened its MarTech offerings in 2023. The company completed two cost-reduction programs (a…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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