Kaltura (KLTR) AI Stock Analysis

• Market Cap: $228.65M
• Dividend Yield: N/A
• Average Volume (3M): 270.54K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.09
• Revenue Growth: 2.56%
• EPS Growth: 59.00%
• Country: US
• Employees: 563
• Sector: Technology
• Sector Strength: 84
• Industry: Software - Infrastructure
• EPS (TTM): 0.01
• Shares Outstanding: 154,491,500
• 10 Day Avg. Volume: 272,976
• 30 Day Avg. Volume: 270,539
• 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: 1.24
• Enterprise Value/Revenue: 1.56
• Enterprise Value/Gross Profit: 2.25
• Enterprise Value/Ebitda: -36.27
• 1Y Price Target: $2.83
• Price Target Upside: 91.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 56 Neutral
• Price Target: $1.50 ▲(1.35% Upside)

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

Business Strategy

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.

Innovation

New AI-enabled features are propelling differentiation and growth.

Negative Factors

Growth Challenges

The path to achieving the reiterated 2028 targets, including 10%+ growth, remains unclear and requires more emphasis.

Revenue Outlook

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

Valuation

The valuation of KLTR shares is below that of broader software and video software-focused peers, reflecting a longer path to growth and margin improvements.

Kaltura Business Overview & Revenue Model

Company Description

Kaltura, Inc. (KLTR) is a leading video technology company that provides a wide range of video products and solutions to enterprises, media companies, service providers, and educational institutions. The company's offerings include a video platform with capabilities such as live streaming, video management, and video analytics. Kaltura's solutions are designed to enhance communication, collaboration, and engagement through video, serving sectors like education, media, telecommunications, and enterprise communication.

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 shows strong revenue growth and improving cash flow, but struggles with profitability. The company has a manageable debt level but negative returns on equity, indicating a need for strategic improvements to enhance profitability and shareholder value.

Income Statement

Kaltura's income statement shows a strong gross profit margin of 69.36% in TTM, indicating efficient cost management. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -0.74% and negative EBIT and EBITDA margins. Revenue growth is promising at 23.8% in TTM, suggesting potential for future profitability if cost structures are improved.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.42 in TTM, showing manageable leverage. However, the return on equity is negative, indicating that the company is not generating profits from shareholders' equity. The equity ratio is not explicitly calculated, but the overall financial position suggests a need for improved profitability to enhance shareholder value.

Cash Flow

Kaltura's cash flow statement reveals a positive trend with a 37.62% growth in free cash flow in TTM, indicating improving cash generation capabilities. The operating cash flow to net income ratio is positive, suggesting that the company is generating cash from operations despite net losses. The free cash flow to net income ratio is close to 1, highlighting efficient cash management.

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: 1.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 1.48 is below the 20-day moving average (MA) of 1.55, below the 50-day MA of 1.74, and below the 200-day MA of 2.06, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 38.18 is Neutral, neither overbought nor oversold. The STOCH value of 37.15 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
VRNT	72 Outperform	$1.22B	30.96	4.72%	―	-2.32%	7.70%
VRNS	72 Outperform	$6.37B	―	-25.73%	―	14.29%	-14.42%
DBX	68 Neutral	$7.70B	18.01	-60.11%	―	-0.04%	-5.07%
ZENV	63 Neutral	$81.81M	―	-10.57%	―	9.04%	37.96%
TENB	63 Neutral	$3.69B	―	-12.60%	―	11.41%	33.76%
Sector *	61 Neutral	$35.51B	8.11	-11.05%	1.89%	8.55%	-8.72%
KLTR	56 Neutral	$228.65M	―	-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.