Kaltura (KLTR) AI Stock Analysis

• Market Cap: $229.81M
• Dividend Yield: N/A
• Average Volume (3M): 1.34M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.14
• Revenue Growth: 1.88%
• EPS Growth: 53.31%
• Country: US
• Employees: 563
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.01
• Shares Outstanding: 156,334,150
• 10 Day Avg. Volume: 353,808
• 30 Day Avg. Volume: 1,342,515
• PEG Ratio: 0.27
• Price to Book (P/B): 13.34
• Price to Sales (P/S): 1.82
• P/FCF Ratio: 27.79
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: 1.08
• Enterprise Value/Gross Profit: 1.54
• Enterprise Value/Ebitda: -44.95
• 1Y Price Target: $3.50
• Price Target Upside: 138.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.05
• Revenue Forecast (FY): $180.87M

• Rating: 54 Neutral
• Price Target: $1.50 ▲(2.04% Upside)

Kaltura's overall stock score reflects a mix of challenges and opportunities. The company's financial performance is hindered by profitability issues and declining revenue, while technical indicators suggest potential short-term momentum. Valuation concerns persist due to negative earnings, but strategic initiatives and positive earnings call sentiment provide some optimism for future growth.

Positive Factors

Strategic Acquisition

The acquisition of Ethof.ai aims to enhance Kaltura's AI offerings, potentially driving future revenue growth and strengthening its competitive position in the video technology market.

Cash Flow Generation

Strong cash flow from operations indicates effective cash management and supports ongoing investments in growth initiatives, enhancing financial stability.

Share Repurchase

The share repurchase at a discount demonstrates confidence in the company's future prospects and can improve shareholder value by reducing the number of shares outstanding.

Negative Factors

Declining Revenue Trend

A declining revenue trend poses a challenge to long-term growth, potentially impacting the company's ability to invest in new initiatives and maintain market competitiveness.

Flat Subscription Revenue

Flat subscription revenue growth suggests challenges in expanding the customer base or increasing pricing, which could limit future revenue potential and market share expansion.

Revenue Recognition Delays

Delays in revenue recognition can affect cash flow timing and financial predictability, potentially straining resources needed for strategic investments and operational stability.

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 primarily through a subscription-based model, which allows customers to access its video technology solutions on a recurring basis. The company offers various pricing tiers based on usage, features, and customer needs, which include monthly or annual subscriptions for its platform services. Key revenue streams include licensing fees from its video platform, transaction fees from video monetization services, and professional services such as implementation and customer support. Additionally, Kaltura has formed strategic partnerships with educational institutions, media companies, and corporate enterprises, which contribute to its earnings through long-term contracts and collaborative projects.

Kaltura Financial Statement Overview

Summary

Kaltura faces challenges in profitability and revenue growth, with a declining revenue trend and negative net profit margins. However, the balance sheet shows improving leverage, and cash flow generation is positive, though sustainability is a concern.

Income Statement

Kaltura's income statement shows a declining revenue trend with a negative revenue growth rate of -23.7% in the TTM period. Despite a relatively strong gross profit margin of 69.4%, the company struggles with profitability, evidenced by negative net profit and EBIT margins. The consistent negative net income indicates ongoing challenges in achieving profitability.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.42 in the TTM period, indicating manageable leverage compared to previous years. However, the return on equity remains negative, suggesting inefficiencies in generating returns from equity. The equity ratio is not provided, but the overall financial stability appears to be improving slightly.

Cash Flow

Kaltura's cash flow statement shows a positive operating cash flow in the TTM period, with a strong free cash flow to net income ratio of 0.96. However, the free cash flow growth rate is negative, indicating potential challenges in sustaining cash flow improvements. The operating cash flow to net income ratio suggests some alignment between cash generation and reported earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	180.92M	178.72M	175.17M	168.81M	165.02M	120.44M
Gross Profit	126.96M	119.11M	112.23M	106.94M	102.70M	72.78M
EBITDA	-4.34M	-15.92M	-29.56M	-55.62M	-46.44M	3.28M
Net Income	-12.85M	-31.32M	-46.37M	-68.50M	-59.35M	-58.76M
Balance Sheet
Total Assets	172.62M	181.31M	183.74M	206.17M	223.29M	90.95M
Cash, Cash Equivalents and Short-Term Investments	75.71M	81.33M	69.38M	85.97M	143.95M	27.71M
Total Debt	47.77M	52.53M	54.83M	58.85M	38.74M	50.04M
Total Liabilities	154.89M	156.92M	153.42M	162.82M	138.02M	191.50M
Stockholders Equity	17.73M	24.39M	30.32M	43.35M	85.27M	-100.54M
Cash Flow
Free Cash Flow	14.57M	11.71M	-12.40M	-52.80M	-28.11M	2.67M
Operating Cash Flow	15.21M	12.23M	-8.30M	-46.83M	-22.11M	5.80M
Investing Cash Flow	642.00K	-12.41M	-1.58M	-49.76M	-5.24M	-2.75M
Financing Cash Flow	-11.52M	-3.53M	109.00K	-529.00K	143.37M	-1.85M

Kaltura Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• 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 1.47 is below the 20-day moving average (MA) of 1.55, below the 50-day MA of 1.54, and below the 200-day MA of 1.83, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.56 is Neutral, neither overbought nor oversold. The STOCH value of 23.83 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
ATEN	77 Outperform	$1.24B	25.24	23.88%	1.40%	10.27%	3.52%
DBX	65 Neutral	$7.34B	16.62	―	―	-0.44%	2.47%
VRNT	62 Neutral	$1.24B	31.11	4.72%	―	-2.32%	7.70%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
TENB	61 Neutral	$3.17B	―	-8.95%	―	11.05%	45.23%
BASE	60 Neutral	―	―	―	―	10.98%	11.62%
KLTR	54 Neutral	$229.81M	―	-86.46%	―	1.88%	53.31%

Kaltura Corporate Events

Kaltura’s Earnings Call: Growth Amid Challenges

The recent earnings call of Kaltura, Inc. showcased a blend of optimism and caution. The company highlighted its strong financial performance and strategic initiatives, such as the acquisition of Ethof.ai and a significant share repurchase from Goldman Sachs, which underscore its growth trajectory and future potential. However, the call also revealed some challenges, including flat subscription revenue, a decline in professional services revenue, and revenue recognition delays, which indicate areas that require attention.

Kaltura Reports Strong Q3 2025 Performance and Strategic Moves

Kaltura, Inc. is a leading provider of video experience cloud solutions, specializing in AI-infused video products for enterprise and media sectors, enhancing customer and employee engagement. In its third-quarter 2025 earnings report, Kaltura announced a slight decrease in revenue to $43.9 million, while achieving record adjusted EBITDA profit and strong operating cash flow. The company also highlighted strategic moves, including the acquisition of eSelf.ai and a significant share repurchase from Goldman Sachs. Key financial metrics showed a stable subscription revenue and improved gross margins, with a notable reduction in operating losses compared to the previous year. Kaltura’s strategic initiatives, such as closing multiple six-figure deals and launching new AI-driven products, reflect its commitment to growth and innovation. Looking ahead, Kaltura remains optimistic about its future, projecting growth in new bookings and continued customer consolidation around its platform, supported by its expanding AI capabilities.

Kaltura Acquires E-Self.AI to Boost AI Offerings

On November 10, 2025, Kaltura announced its acquisition of E-Self.AI Ltd., an AI-based real-time conversational avatar provider, as part of its strategic move to enhance its AI capabilities and expand its offerings in immersive virtual agents. This acquisition is expected to close in the fourth quarter of 2025. Additionally, Kaltura repurchased 14.4 million shares of its common stock from Goldman Sachs, reducing outstanding shares and strengthening its financial position. The company reported financial results for the third quarter of 2025, with a slight decrease in revenue but improved profitability metrics, including a record adjusted EBITDA profit. Kaltura continues to project growth in new bookings, supported by customer consolidation and new AI-powered offerings.

The most recent analyst rating on (KLTR) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Kaltura stock, see the KLTR Stock Forecast page.

Kaltura CFO Resignation Announced on October 6, 2025

On October 6, 2025, Kaltura announced the resignation of its Chief Financial Officer, John Doherty, effective December 5, 2025, as he transitions to a role in the medical technology industry. The company has engaged an external firm to find his successor and Doherty will remain as an advisor until March 2026 to ensure a smooth transition. Kaltura reaffirmed its financial guidance for the third quarter and expressed confidence in its strategic direction and ability to deliver long-term shareholder value.

The most recent analyst rating on (KLTR) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Kaltura stock, see the KLTR Stock Forecast page.