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%)…
Earnings analysis · 10-Q
KLTR earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
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,…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.03
- Gross margin
- 72%
What stood out
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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%.
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Net Loss Increase
Net loss for Q1 2026 was $3.77 million, compared to a loss of $1.12 million in Q1 2025.
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Enterprise Segment Stability
Enterprise, Education & Technology segment revenue was stable at $34.15 million, down only 1% year-over-year.
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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.
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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.
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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.
What to watch
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Year-over-Year Revenue Decline
Revenue decreased by 5% compared to Q1 2025, highlighting ongoing challenges in market demand.
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Increased Net Loss
Net losses widened significantly by 237% year-over-year from $1.12 million in Q1 2025.
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Declining Annualized Recurring Revenue
Annualized Recurring Revenue fell by 3% year-over-year, indicating potential future revenue issues.
Management's outlook
Management expects Q2 2026 revenue to be between $45.2 million and $46.0 million.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.