Kaltura (KLTR) AI Stock Analysis

• Market Cap: $248.73M
• Dividend Yield: N/A
• Average Volume (3M): 285.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.11
• Revenue Growth: 2.56%
• EPS Growth: 59.00%
• Country: US
• Employees: 563
• Sector: Technology
• Sector Strength: 97
• Industry: Software - Infrastructure
• EPS (TTM): 0.01
• Shares Outstanding: 154,491,500
• 10 Day Avg. Volume: 305,651
• 30 Day Avg. Volume: 285,767
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 1.56
• Enterprise Value/Gross Profit: 2.25
• Enterprise Value/Ebitda: -36.27
• 1Y Price Target: $2.00
• Price Target Upside: 22.70% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 56 Neutral
• Price Target: $1.50 ▼(-7.98% Downside)

Kaltura's overall stock score is driven by strong revenue growth and improving cash flow, but hindered by profitability challenges and bearish technical indicators. The earnings call provided some positive insights, but mixed sentiment due to segment challenges and workforce reductions tempers the outlook.

Positive Factors

Deal Activity

KLTR closed twenty-one significant deals, including its first three AI-driven deals, driving growth in key metrics.

Financial Performance

KLTR delivered solid results and again raised its guidance ahead of consensus estimates.

Negative Factors

Churn Concerns

2Q revenue guidance implies a step down due to anticipated churn in media and telecommunications.

Revenue Guidance

Revenue guidance for the next quarter implies a temporary step down before expected growth acceleration.

Kaltura Business Overview & Revenue Model

Company Description

Kaltura, Inc. provides various Software-as-a-Service products and solutions and a Platform-as-a-Service. The company offers video products, such as webinars, virtual events, video sites, and virtual classrooms for video-based communication, collaboration, training, and customer experience; and video industry solutions, such as learning management system video and lecture capture solutions for educational institutions. It also provides a TV solution that allows to provide OTT advertising and subscription-based live and on-demand TV services for media companies and telecom operators. In addition, the company offers media services, such as APIs, SDKs, and experience components, including live, real-time, and on-demand video creation, ingestion, transcoding, management, search, security, distribution, publishing, engagement, monetization, monitoring, multi-tenancy, and analytics, as well as video and TV content management systems. It serves a range of industries, including financial services, high technology, healthcare, education, public sector, media, and telecommunications. The company was incorporated in 2006 and is headquartered in New York, New York.

How the Company Makes Money

Kaltura generates revenue through a diversified model that includes subscription fees, professional services, and usage-based fees. The company offers its video platform as a service (PaaS), charging clients a subscription fee for access to its software and services. Additionally, Kaltura provides professional services, including custom development, integration, and consulting, which represent another significant revenue stream. Usage-based fees are also part of Kaltura's revenue model, where customers are charged based on their specific usage of the platform, such as bandwidth consumption or storage requirements. Strategic partnerships with technology providers and educational institutions further enhance Kaltura's market reach and customer base, contributing to its earnings.

Kaltura Financial Statement Overview

Summary

Kaltura exhibits strong revenue growth and improved cash flow health, with effective management of operational cash flow. However, profitability challenges persist, with negative EBIT and net income margins. The balance sheet is stable, with a reasonable debt-to-equity ratio and improved equity position. Continued focus on reducing operational inefficiencies and enhancing profitability could strengthen overall financial performance.

Income Statement

Kaltura's income statement shows a consistent revenue growth trend, with an increase from $168.8M in 2022 to $180.9M in TTM (Trailing-Twelve-Months). Gross profit margin is healthy, standing at approximately 68.1% in TTM. However, the company faces challenges with negative EBIT and net income margins, indicating operational inefficiencies and net losses. Despite revenue growth, profitability remains a concern.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.41 in TTM, indicating a balanced leverage position. The equity ratio of 68.57% suggests a strong equity base. However, the return on equity is negative due to net losses, which affects the company's ability to generate returns for shareholders. The improvement in stockholders' equity over the periods indicates better financial health.

Cash Flow

Kaltura's cash flow statement reveals a positive trend, with free cash flow growing to $11.6M in TTM from negative values in previous periods. The operating cash flow to net income ratio is positive, highlighting effective cash management despite net losses. The free cash flow to net income ratio is favorable, indicating efficient capital expenditure control and cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	181.35M	178.72M	175.17M	168.81M	165.02M	120.44M
Gross Profit	125.78M	119.11M	112.23M	106.94M	102.70M	72.78M
EBITDA	-7.79M	-15.92M	-29.03M	-54.67M	-46.44M	-22.92M
Net Income	-1.35M	-31.32M	-46.37M	-68.50M	-59.35M	-58.76M
Balance Sheet
Total Assets	169.45M	181.31M	183.74M	206.17M	223.29M	90.95M
Cash, Cash Equivalents and Short-Term Investments	71.20M	81.33M	69.38M	85.97M	143.95M	27.71M
Total Debt	48.80M	50.03M	54.83M	58.85M	38.74M	50.04M
Total Liabilities	54.52M	156.92M	153.42M	162.82M	138.02M	191.50M
Stockholders Equity	114.92M	24.39M	30.32M	43.35M	85.27M	-100.54M
Cash Flow
Free Cash Flow	15.99M	11.71M	-12.40M	-52.80M	-28.11M	2.67M
Operating Cash Flow	16.60M	12.23M	-8.30M	-46.83M	-22.11M	5.80M
Investing Cash Flow	-2.55M	-12.41M	-1.58M	-49.76M	-5.24M	-2.75M
Financing Cash Flow	-13.58M	-3.53M	109.00K	-529.00K	143.37M	-1.85M

Kaltura Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.63
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KLTR, the sentiment is Negative. The current price of 1.63 is below the 20-day moving average (MA) of 1.76, below the 50-day MA of 1.90, and below the 200-day MA of 2.07, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 29.74 is Positive, neither overbought nor oversold. The STOCH value of 28.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KLTR.

Kaltura Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VRNS	72 Outperform	$6.37B	―	-25.73%	―	14.29%	-14.42%
VRNT	69 Neutral	$1.17B	26.41	5.32%	―	-2.09%	76.96%
DBX	62 Neutral	$7.68B	17.21	-60.11%	―	-0.04%	-5.07%
TENB	60 Neutral	$3.59B	―	-12.60%	―	11.41%	33.76%
Sector *	57 Neutral	HK$14.39B	9.63	-0.60%	4.41%	7.06%	-38.12%
ZENV	57 Neutral	$82.85M	―	-10.57%	―	9.04%	37.96%
KLTR	56 Neutral	$248.73M	―	-94.40%	―	2.56%	59.00%

Kaltura Corporate Events

Kaltura Adopts New Severance Plan for Executives

On June 27, 2025, Kaltura, Inc.’s Compensation Committee adopted a Severance Plan to provide severance payments and benefits to key employees in case of qualifying terminations. This plan outlines specific terms for executives like Ron Yekutiel, John Doherty, Eynav Azariya, and Natan Israeli, including notice periods, salary continuations, bonuses, and healthcare coverage. The plan is designed to supersede previous agreements and aims to offer competitive compensation packages, potentially impacting the company’s executive retention and market positioning.

The most recent analyst rating on (KLTR) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Kaltura stock, see the KLTR Stock Forecast page.

Kaltura Elects Directors at Annual Stockholders Meeting

On June 25, 2025, Kaltura, Inc. held its Annual Meeting of Stockholders, where approximately 92.13% of the company’s outstanding common stock was represented. During the meeting, Ron Yekutiel and Eyal Manor were elected as Class I directors to serve until the 2028 Annual Meeting, and the appointment of Kost Forer Gabbay & Kasierer as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified.

The most recent analyst rating on (KLTR) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Kaltura stock, see the KLTR Stock Forecast page.