Kaltura (KLTR) financial statements
Kaltura reported revenue of $181M in fiscal 2025, up 10.9% a year over 6 years.
Net income was -$12M and the operating margin -2.7%, against -2.9% in 2019.
Free cash flow was $14M, and the company returned $26M in net buybacks.
The diluted share count rose 572% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kaltura's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $97M | $120M | $165M | $169M | $175M | $179M | $181M |
| Cost of revenue | $36M | $48M | $62M | $62M | $63M | $60M | $53M |
| Gross profit | $62M | $73M | $103M | $107M | $112M | $119M | $128M |
| Research and development | $24M | $30M | $48M | $57M | $52M | $49M | $46M |
| Selling, general and admin | $40M | $52M | $85M | $105M | $98M | $94M | $86M |
| Operating income | -$3M | -$8M | -$33M | -$56M | -$39M | -$24M | -$5M |
| Interest expense | $4M | $4M | $3M | $2M | $3M | $3M | $2M |
| Pre-tax income | -$14M | -$55M | -$53M | -$61M | -$37M | -$24M | -$9M |
| Income tax | $2M | $4M | $7M | $8M | $9M | $8M | $3M |
| Net income | -$16M | -$59M | -$59M | -$68M | -$46M | -$31M | -$12M |
| EPS (diluted) | $1.11 | $2.83 | $0.95 | -$0.53 | -$0.34 | -$0.21 | -$0.08 |
| Diluted shares | 23M | 25M | 71M | 130M | 138M | 148M | 153M |
| Gross margin | 63.4% | 60.4% | 62.2% | 63.3% | 64.1% | 66.6% | 70.6% |
| Operating margin | -2.9% | -7.0% | -19.8% | -33.4% | -22.1% | -13.5% | -2.7% |
| Net margin | -16.0% | -48.8% | -36.0% | -40.6% | -26.5% | -17.5% | -6.7% |
Balance sheet
Fiscal years, from Kaltura's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $27M | $28M | $144M | $86M | $69M | $81M | $52M |
| Receivables | — | $17M | $18M | $29M | $23M | $20M | $16M |
| Total current assets | — | $53M | $176M | $133M | $112M | $122M | $91M |
| Property, plant and equipment | — | $4M | $10M | $15M | $20M | $16M | $12M |
| Goodwill | $9M | $11M | $11M | $11M | $11M | $11M | $25M |
| Total assets | — | $91M | $223M | $206M | $184M | $181M | $165M |
| Total current liabilities | — | $83M | $98M | $109M | $100M | $102M | $126M |
| Long-term debt | — | $47M | $36M | $30M | $33M | $29M | $0 |
| Total liabilities | — | $191M | $138M | $163M | $153M | $157M | $158M |
| Shareholders' equity | -$210M | -$261M | $85M | $43M | $30M | $24M | $6M |
| Net debt | -$27M | $20M | -$105M | -$9M | -$2M | -$796,000 | $2M |
Cash flow
Fiscal years, from Kaltura's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $370,000 | $6M | -$22M | -$47M | -$8M | $12M | $15M |
| Capital spending | $2M | $3M | $6M | $6M | $4M | $521,000 | $661,000 |
| Free cash flow | -$2M | $3M | -$28M | -$53M | -$12M | $12M | $14M |
| Stock-based compensation | $2M | $5M | $17M | $24M | $30M | $26M | $16M |
| Share buybacks (net) | — | — | — | $0 | $0 | -$3M | -$26M |
| Net borrowing | $0 | -$2M | -$52M | -$3M | -$4M | -$2M | -$4M |
| Free cash flow margin | -2.2% | 2.4% | -16.9% | -31.3% | -7.1% | 6.6% | 7.7% |
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Open KLTR in InvestinglyQuestions
What was Kaltura's revenue in 2025?
$181M in fiscal 2025, from its 10-K filing.
How much free cash flow does Kaltura generate?
$14M in fiscal 2025 (operating cash flow minus capital spending).
From Kaltura's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.