KLTR Nasdaq Services-Prepackaged Software Financials FY2019βFY2025
Kaltura Inc had $181M of revenue in fiscal 2025, up 1.2% on the year before. Over five years, revenue changed +8.5% a year on average.
Last close Β· Oct 23, 2026
$1.44
0.0%Hi! I read Kaltura Incβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+1.2%
Only a little. Sales grew 1.2% last year.
Does it make a profit?
β6.7%
No. It lost money last year.
Does profit turn into cash?
7.7%
Partly. 7.7% of sales ends up as free cash.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Kaltura Inc had $181M of revenue in fiscal 2025, up 1.2% on the year before. Over five years, revenue changed +8.5% a year on average. Its operating margin was β2.7%, up 10.7Β pts: of every 100 in sales, about β3 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Kaltura Inc lost $12.1M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $13.9M in fiscal 2025, 7.7% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Kaltura Inc returned $26.2M to shareholders in fiscal 2025, 189% of free cash flow. The diluted share count rose 3.4%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.3M and sold $2.2M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.3M
6 insiders
Sold, 12 months
$2.2M
4 insiders
Of sales under plans
100%
$2.2M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 16, 2026 | Eynav AzariaSee Remarks | Sold plan | 568 | $1.45 | $0.0M | Form 4 |
| Oct 15, 2026 | Eynav AzariaSee Remarks | Sold plan | 8,037 | $1.43 | $0.0M | Form 4 |
| Oct 14, 2026 | Eynav AzariaSee Remarks | Sold plan | 2,665 | $1.40 | $0.0M | Form 4 |
| Oct 13, 2026 | Eynav AzariaSee Remarks | Sold plan | 5,156 | $1.40 | $0.0M | Form 4 |
| Oct 12, 2026 | Eynav AzariaSee Remarks | Sold plan | 1,336 | $1.40 | $0.0M | Form 4 |
| Sep 18, 2026 | Eynav AzariaSee Remarks | Sold plan | 4,100 | $1.41 | $0.0M | Form 4 |
| Sep 17, 2026 | Eynav AzariaSee Remarks | Sold plan | 6,488 | $1.42 | $0.0M | Form 4 |
| Sep 16, 2026 | Eynav AzariaSee Remarks | Sold plan | 7,116 | $1.42 | $0.0M | Form 4 |
| Sep 15, 2026 | Eynav AzariaSee Remarks | Sold plan | 6,113 | $1.41 | $0.0M | Form 4 |
| Sep 14, 2026 | Eynav AzariaSee Remarks | Sold plan | 5,149 | $1.43 | $0.0M | Form 4 |
| Sep 11, 2026 | Eynav AzariaSee Remarks | Sold plan | 5,656 | $1.42 | $0.0M | Form 4 |
| Sep 10, 2026 | Eynav AzariaSee Remarks | Sold plan | 3,763 | $1.45 | $0.0M | Form 4 |
| Sep 9, 2026 | Eynav AzariaSee Remarks | Sold plan | 10,078 | $1.48 | $0.0M | Form 4 |
| Sep 8, 2026 | Eynav AzariaSee Remarks | Sold plan | 12,341 | $1.49 | $0.0M | Form 4 |
| Sep 4, 2026 | Eynav AzariaSee Remarks | Sold plan | 8,176 | $1.51 | $0.0M | Form 4 |
| Sep 3, 2026 | Eynav AzariaSee Remarks | Sold plan | 9,866 | $1.53 | $0.0M | Form 4 |
| Sep 2, 2026 | Eynav AzariaSee Remarks | Sold plan | 7,816 | $1.51 | $0.0M | Form 4 |
| Sep 1, 2026 | Eynav AzariaSee Remarks | Sold plan | 4,328 | $1.54 | $0.0M | Form 4 |
| Aug 28, 2026 | Eyal ManorDirector | Sold plan | 993 | $1.60 | $0.0M | Form 4 |
| Aug 27, 2026 | Eyal ManorDirector | Sold plan | 20,795 | $1.58 | $0.0M | Form 4 |
| Aug 26, 2026 | Eyal ManorDirector | Sold plan | 21,638 | $1.53 | $0.0M | Form 4 |
| Aug 5, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 259,322 | $1.87 | $0.5M | Form 4 |
| Aug 5, 2026 | Eynav AzariaSee Remarks | Sold plan | 83,995 | $2.01 | $0.2M | Form 4 |
| Aug 5, 2026 | Eyal ManorDirector | Sold plan | 138,143 | $1.92 | $0.3M | Form 4 |
| Jul 27, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 100 | $1.50 | $0.0M | Form 4 |
| Jul 22, 2026 | Eynav AzariaSee Remarks | Sold plan | 6,301 | $1.42 | $0.0M | Form 4 |
| Jul 21, 2026 | Eynav AzariaSee Remarks | Sold plan | 3,480 | $1.41 | $0.0M | Form 4 |
| Jul 20, 2026 | Eynav AzariaSee Remarks | Sold plan | 2,777 | $1.40 | $0.0M | Form 4 |
| Jun 26, 2026 | Eyal ManorDirector | Sold plan | 8,825 | $1.29 | $0.0M | Form 4 |
| Jun 25, 2026 | Eyal ManorDirector | Sold plan | 34,601 | $1.30 | $0.0M | Form 4 |
| Jun 18, 2026 | Eynav AzariaSee Remarks | Sold plan | 10,217 | $1.40 | $0.0M | Form 4 |
| Jun 17, 2026 | Eynav AzariaSee Remarks | Sold plan | 4,448 | $1.43 | $0.0M | Form 4 |
| Jun 16, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 4,013 | $1.50 | $0.0M | Form 4 |
| Jun 16, 2026 | Eynav AzariaSee Remarks | Sold plan | 12,073 | $1.48 | $0.0M | Form 4 |
| Jun 15, 2026 | Eynav AzariaSee Remarks | Sold plan | 19,456 | $1.48 | $0.0M | Form 4 |
| Jun 15, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 4,594 | $1.50 | $0.0M | Form 4 |
| Jun 12, 2026 | Eynav AzariaSee Remarks | Sold plan | 13,242 | $1.41 | $0.0M | Form 4 |
| Jun 11, 2026 | Eynav AzariaSee Remarks | Sold plan | 4,219 | $1.41 | $0.0M | Form 4 |
| Jun 10, 2026 | Eynav AzariaSee Remarks | Sold plan | 8,344 | $1.41 | $0.0M | Form 4 |
| Jun 9, 2026 | Eynav AzariaSee Remarks | Sold plan | 6,975 | $1.41 | $0.0M | Form 4 |
| Jun 8, 2026 | Eynav AzariaSee Remarks | Sold plan | 8,254 | $1.41 | $0.0M | Form 4 |
| Jun 5, 2026 | Eynav AzariaSee Remarks | Sold plan | 2,765 | $1.43 | $0.0M | Form 4 |
| Jun 4, 2026 | Eynav AzariaSee Remarks | Sold plan | 16,218 | $1.44 | $0.0M | Form 4 |
| Jun 3, 2026 | Eynav AzariaSee Remarks | Sold plan | 435 | $1.49 | $0.0M | Form 4 |
| Jun 3, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 200 | $1.50 | $0.0M | Form 4 |
| Jun 2, 2026 | Eynav AzariaSee Remarks | Sold plan | 7,412 | $1.53 | $0.0M | Form 4 |
| Jun 2, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 16,631 | $1.52 | $0.0M | Form 4 |
| Jun 1, 2026 | Eynav AzariaSee Remarks | Sold plan | 21,884 | $1.57 | $0.0M | Form 4 |
| Jun 1, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 22,877 | $1.57 | $0.0M | Form 4 |
| May 29, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 21,854 | $1.54 | $0.0M | Form 4 |
| May 28, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 23,195 | $1.52 | $0.0M | Form 4 |
| May 27, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 200 | $1.50 | $0.0M | Form 4 |
| May 22, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 1,836 | $1.51 | $0.0M | Form 4 |
| May 21, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 3,600 | $1.50 | $0.0M | Form 4 |
| May 20, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 13,965 | $1.52 | $0.0M | Form 4 |
| May 19, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 13,229 | $1.52 | $0.0M | Form 4 |
| May 18, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 9,829 | $1.50 | $0.0M | Form 4 |
| May 15, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 2,933 | $1.50 | $0.0M | Form 4 |
| May 14, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 6,334 | $1.51 | $0.0M | Form 4 |
| May 13, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 28,882 | $1.51 | $0.0M | Form 4 |
| May 12, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 100 | $1.50 | $0.0M | Form 4 |
| May 5, 2026 | Eynav AzariaSee Remarks | Sold plan | 869 | $1.46 | $0.0M | Form 4 |
| May 4, 2026 | Eynav AzariaSee Remarks | Sold plan | 17,671 | $1.47 | $0.0M | Form 4 |
| May 4, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 5,130 | $1.50 | $0.0M | Form 4 |
| May 1, 2026 | Eynav AzariaSee Remarks | Sold plan | 14,861 | $1.44 | $0.0M | Form 4 |
| Apr 30, 2026 | Eynav AzariaSee Remarks | Sold plan | 2,672 | $1.40 | $0.0M | Form 4 |
| Apr 29, 2026 | Eynav AzariaSee Remarks | Sold plan | 11,086 | $1.45 | $0.0M | Form 4 |
| Apr 28, 2026 | Natan IsraeliChief Customer Officer | Sold plan | 1,100 | $1.51 | $0.0M | Form 4 |
| Apr 28, 2026 | Eynav AzariaSee Remarks | Sold plan | 32,003 | $1.46 | $0.0M | Form 4 |
| Mar 24, 2026 | Ron YekutielChief Executive Officer, Director | Bought | 40,000 | $1.24 | $0.0M | Form 4 |
| Mar 24, 2026 | Shay DavidDirector | Bought | 8,000 | $1.21 | $0.0M | Form 4 |
| Mar 24, 2026 | Gregory C. DraconDirector | Bought | 8,064 | $1.24 | $0.0M | Form 4 |
| Mar 23, 2026 | Naama Halevi-DavidovDirector | Sold plan | 30,047 | $1.22 | $0.0M | Form 4 |
| Mar 23, 2026 | Liron Netanela SereroSee remarks | Bought | 5,000 | $1.28 | $0.0M | Form 4 |
| Mar 23, 2026 | Richard LevandovDirector | Bought | 40,000 | $1.22 | $0.0M | Form 4 |
| Mar 23, 2026 | Ron YekutielChief Executive Officer, Director | Bought | 40,475 | $1.23 | $0.0M | Form 4 |
| Mar 23, 2026 | Claire RotshtenEVP of Finance | Bought | 10,000 | $1.29 | $0.0M | Form 4 |
| Mar 20, 2026 | Naama Halevi-DavidovDirector | Sold plan | 131,873 | $1.21 | $0.2M | Form 4 |
| Mar 20, 2026 | Ron YekutielChief Executive Officer, Director | Bought | 43,550 | $1.14 | $0.0M | Form 4 |
| Mar 19, 2026 | Ron YekutielChief Executive Officer, Director | Bought | 44,100 | $1.13 | $0.0M | Form 4 |
| Mar 18, 2026 | Naama Halevi-DavidovDirector | Sold plan | 93,624 | $1.20 | $0.1M | Form 4 |
| Nov 13, 2025 | Eyal ManorDirector | Sold plan | 27,956 | $1.82 | $0.1M | Form 4 |
| Nov 12, 2025 | Eyal ManorDirector | Sold plan | 400 | $1.80 | $0.0M | Form 4 |
| Oct 6, 2025 | John N. DohertyChief Financial Officer | Sold | 18,580 | $1.52 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Kaltura Inc has $22.6M more cash than debt.
Cash, debt and the ratios that show how comfortably Kaltura Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $144M | $86.0M | $69.4M | $81.3M | $51.9M |
| Debt incl. finance leases | $39.0M | $36.0M | $34.7M | $32.3M | $29.3M |
| Debt / equity | 0.5x | 0.8x | 1.1x | 1.3x | 4.6x |
| Interest coverage | β11.0x | β24.5x | β12.2x | β9.0x | β2.2x |
| Current ratio | 1.8x | 1.2x | 1.1x | 1.2x | 0.7x |
| Quick ratio | 1.8x | 1.2x | 1.1x | 1.2x | 0.7x |
| Total assets | $223M | $206M | $184M | $181M | $165M |
| Total liabilities | $138M | $163M | $153M | $157M | $158M |
| Shareholders' equity | $85.3M | $43.3M | $30.3M | $24.4M | $6.3M |
| Net debt (β = net cash) | β$105M | β$50.0M | β$34.7M | β$49.1M | β$22.6M |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Kaltura Inc passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 5 / 9 | 4 / 8 | 4 / 8 | 7 / 9 | 5 / 9 |
| Accruals ratio | β | β71.0% | β23.7% | β10.1% | β19.5% | β23.9% | β15.4% |
| Altman Z'' | β | β13.62 | β2.77 | β6.97 | β8.55 | β8.44 | β11.11 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $97.3M | $120M | $165M | $169M | $175M | $179M | $181M |
| Gross profit | $61.7M | $72.8M | $103M | $107M | $112M | $119M | $128M |
| Research and development | $24.2M | $29.6M | $48.4M | $57.4M | $52.4M | $49.4M | $46.0M |
| Operating income | β$2.8M | β$8.5M | β$32.7M | β$56.4M | β$38.7M | β$24.1M | β$5.0M |
| Interest expense | $4.3M | $4.1M | $3.0M | $2.3M | $3.2M | $2.7M | $2.2M |
| Pretax income | β$14.0M | β$55.2M | β$52.8M | β$60.6M | β$37.5M | β$23.7M | β$9.0M |
| Income tax | $1.6M | $3.6M | $6.6M | $7.9M | $8.9M | $7.7M | $3.1M |
| Net income | β$15.6M | β$58.8M | β$59.4M | β$68.5M | β$46.4M | β$31.3M | β$12.1M |
| Net income to common | β$25.3M | β$70.7M | β$67.6M | β$68.5M | β$46.4M | β | β |
| Diluted EPS | $1.11 | $2.83 | $0.95 | β | β$0.34 | β$0.21 | β$0.08 |
| Diluted shares | 0.02B | 0.02B | 0.07B | β | 0.14B | 0.15B | 0.15B |
| Cash flow | |||||||
| Cash from operations | $0.4M | $5.8M | β$22.1M | β$46.8M | β$8.3M | $12.2M | $14.5M |
| Capital expenditure | $2.2M | $1.1M | $1.9M | $1.2M | $2.6M | $0.5M | $0.7M |
| Free cash flow | β$1.9M | $4.7M | β$24.0M | β$48.0M | β$10.9M | $11.7M | $13.9M |
| Depreciation and amortization | $4.5M | $7.7M | $2.4M | $2.7M | $4.7M | $5.1M | $4.5M |
| Stock-based compensation | $2.3M | $5.1M | $17.1M | $23.6M | $30.0M | $26.3M | $16.5M |
| Acquisitions | β | β | β | β | $0.0M | $0.0M | $7.1M |
| Share buybacks | β | β | β | $0.0M | $0.0M | $2.9M | $26.2M |
| Dividends and buybacks | β | β | β | $0.0M | $0.0M | $2.9M | $26.2M |
| Balance sheet | |||||||
| Cash and short-term investments | $26.5M | $27.7M | $144M | $86.0M | $69.4M | $81.3M | $51.9M |
| Total debt | β | $48.2M | $39.0M | $36.0M | $34.7M | $32.3M | $29.3M |
| Current assets | β | $53.5M | $176M | $133M | $112M | $122M | $90.7M |
| Current liabilities | β | $83.0M | $98.1M | $109M | $99.9M | $102M | $126M |
| Property and equipment, net | β | $4.1M | $9.5M | $15.1M | $20.1M | $16.2M | $12.4M |
| Goodwill | $9.4M | $11.1M | $11.1M | $11.1M | $11.1M | $11.1M | $25.4M |
| Intangible assets | β | $2.8M | $1.9M | $1.2M | $0.7M | $0.2M | $2.1M |
| Total assets | β | $91.0M | $223M | $206M | $184M | $181M | $165M |
| Total liabilities | β | $191M | $138M | $163M | $153M | $157M | $158M |
| Preferred stock | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$210M | β$261M | $85.3M | $43.3M | $30.3M | $24.4M | $6.3M |
| Margins | |||||||
| Gross margin | 63.4% | 60.4% | 62.2% | 63.3% | 64.1% | 66.6% | 70.6% |
| Operating margin | β2.9% | β7.0% | β19.8% | β33.4% | β22.1% | β13.5% | β2.7% |
| EBITDA margin | 1.8% | β0.7% | β18.3% | β31.8% | β19.4% | β10.7% | β0.3% |
| Net margin | β16.0% | β48.8% | β36.0% | β40.6% | β26.5% | β17.5% | β6.7% |
| FCF margin | β1.9% | 3.9% | β14.5% | β28.5% | β6.2% | 6.6% | 7.7% |
| Returns | |||||||
| Return on capital employed | β | β106.6% | β26.1% | β57.9% | β46.1% | β30.3% | β13.0% |
| Return on equity | β | β | β | β106.5% | β125.9% | β114.5% | β78.6% |
| Return on assets | β | β64.6% | β37.8% | β31.9% | β23.8% | β17.2% | β7.0% |
| Return on tangible equity | β | β | β93.5% | β220.7% | β249.8% | β239.0% | β |
| Growth | |||||||
| Revenue growth | β | 23.7% | 37.0% | 2.3% | 3.8% | 2.0% | 1.2% |
| EPS growth | β | 155.0% | β66.4% | β | β | β | β |
| FCF growth | β | β | β611.9% | β | β | β | 18.5% |
| Share count change | β | 9.6% | 185.0% | β | β | 7.0% | 3.4% |
| Financial health | |||||||
| Debt / equity | β | β | 0.5x | 0.8x | 1.1x | 1.3x | 4.6x |
| Interest coverage | β0.6x | β2.1x | β11.0x | β24.5x | β12.2x | β9.0x | β2.2x |
| Current ratio | β | 0.6x | 1.8x | 1.2x | 1.1x | 1.2x | 0.7x |
| Quick ratio | β | 0.6x | 1.8x | 1.2x | 1.1x | 1.2x | 0.7x |
| Capital allocation | |||||||
| Capex / revenue | 2.3% | 0.9% | 1.1% | 0.7% | 1.5% | 0.3% | 0.4% |
| Stock comp / revenue | 2.4% | 4.2% | 10.3% | 14.0% | 17.1% | 14.7% | 9.1% |
| Payouts / FCF | β | β | β | β | β | 24.9% | 188.8% |
| Quality scores | |||||||
| Piotroski F-score | β | β | 5.0 | 4.0 | 4.0 | 7.0 | 5.0 |
| Altman Z'' | β | β13.6 | β2.8 | β7.0 | β8.5 | β8.4 | β11.1 |
| Accruals ratio | β | β71.0% | β23.7% | β10.1% | β19.5% | β23.9% | β15.4% |
Source: SEC EDGAR XBRL filings (CIK 0001432133). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
