Stocks KLTR Financial statements
Financial statementsKALTURA INC financial statements
Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data KALTURA INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2019 | FY2021 | FY2021 | FY2022 | FY2022 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Revenue | 97.3 | 120 | 165 | 169 | 175 | 179 | 181 |
| Cost of revenue | 35.6 | 47.7 | 62.3 | 61.9 | 62.9 | 59.6 | 53.2 |
| Gross profit | 61.7 | 72.8 | 103 | 107 | 112 | 119 | 128 |
| Research and development | 24.2 | 29.6 | 48.4 | 57.4 | 52.4 | 49.4 | 46 |
| Selling and marketing | 25.5 | 29.5 | 45.8 | 59.3 | 48.8 | 47.8 | 44.9 |
| General and administrative | 14.8 | 22.2 | 39.5 | 45.4 | 48.7 | 46 | 40.8 |
| Operating expenses | 64.5 | 81.3 | 135 | 163 | 151 | 143 | 133 |
| Operating income | -2.78 | -8.49 | -32.7 | -56.4 | -38.7 | -24.1 | -4.96 |
| Interest expense | 4.3 | 4.09 | 2.98 | 2.3 | 3.18 | 2.68 | 2.24 |
| Other non-operating income | -11.2 | -46.7 | -20.1 | -4.25 | 1.2 | 0.43 | -4.05 |
| Pre-tax income | -14 | -55.2 | -52.8 | -60.6 | -37.5 | -23.7 | -9.01 |
| Income tax | 1.6 | 3.55 | 6.57 | 7.87 | 8.91 | 7.65 | 3.06 |
| Net income | -15.6 | -58.8 | -59.4 | -68.5 | -46.4 | -31.3 | -12.1 |
| EBITDA | 1.71 | -0.81 | -30.3 | -53.7 | -33.9 | -19 | -0.46 |
| EPS, basic | 1.11 | -2.83 | -0.95 | -0.53 | -0.34 | -0.21 | -0.08 |
| EPS, diluted | 1.11 | 2.83 | 0.95 | -0.53 | -0.34 | -0.21 | -0.08 |
| Shares, basic (weighted) | 22.8 | 24.9 | 71.1 | 130 | 138 | 148 | 153 |
| Shares, diluted (weighted) | 22.8 | 24.9 | 71.1 | 130 | 138 | 148 | 153 |
Balance sheet
| FY2019 | FY2021 | FY2021 | FY2022 | FY2022 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 26.5 | 27.7 | 144 | 44.6 | 36.7 | 33.1 | 27.5 |
| Short-term investments | 0 | 41.3 | 32.7 | 48.3 | 24.4 | ||
| Receivables | 17.1 | 17.5 | 28.8 | 23.3 | 20 | 16.4 | |
| Other current assets | 0.06 | 0.68 | 1.13 | 1.36 | 0.93 | 1.45 | |
| Total current assets | 53.5 | 176 | 133 | 112 | 122 | 90.7 | |
| Property, plant and equipment | 4.15 | 9.5 | 15.1 | 20.1 | 16.2 | 12.4 | |
| Lease right-of-use assets | 0 | 20.8 | 13.9 | 12.3 | 10.3 | ||
| Goodwill | 9.38 | 11.1 | 11.1 | 11.1 | 11.1 | 11.1 | 25.4 |
| Intangible assets | 2.84 | 1.91 | 1.24 | 0.69 | 0.21 | 2.14 | |
| Long-term investments | 0 | 0 | 5.84 | 3.38 | 10.9 | ||
| Other non-current assets | 3.56 | 2.54 | 3.18 | 3.1 | 2.98 | 3.5 | |
| Total assets | 91 | 223 | 206 | 184 | 181 | 165 | |
| Accounts payable | 5.05 | 6.48 | 9.44 | 3.63 | 3.27 | 3.79 | |
| Accrued liabilities | 4.69 | 7.24 | 7.47 | 4.35 | 6.37 | 3.36 | |
| Deferred revenue | 47.7 | 51.7 | 59.8 | 62.4 | 63.1 | 60.3 | |
| Short-term debt | 1 | 2.79 | 5.79 | 1.61 | 3.11 | 29 | |
| Total current liabilities | 83 | 98.1 | 109 | 99.9 | 102 | 126 | |
| Long-term debt | 47.2 | 35.8 | 30 | 33 | 29.2 | 0 | |
| Lease liabilities | 0 | 20.7 | 17.8 | 15.3 | 14.4 | ||
| Other non-current liabilities | 2.71 | 2.19 | 2.02 | 2.3 | 10.8 | 15.3 | |
| Total liabilities | 191 | 138 | 163 | 153 | 157 | 158 | |
| Total debt | 48.2 | 39 | 36 | 34.7 | 32.3 | 29.3 | |
| Paid-in capital | 8.39 | 413 | 440 | 472 | 500 | 518 | |
| Retained earnings | -263 | -323 | -391 | -437 | -469 | -481 | |
| Treasury stock | -4.88 | -4.88 | -4.88 | -4.88 | -7.8 | -34 | |
| Other comprehensive income | 0 | -0.3 | 1.05 | 0.96 | 2.76 | ||
| Shareholders' equity | -210 | -261 | 85.3 | 43.3 | 30.3 | 24.4 | 6.33 |
| Total equity | -210 | -261 | 85.3 | 43.3 | 30.3 | 24.4 | 6.33 |
| Total liabilities and equity | 91 | 223 | 206 | 184 | 181 | 165 | |
| Shares outstanding | 25.5 | 127 | 135 | 143 | 152 | 148 |
Cash flow statement
| FY2019 | FY2021 | FY2021 | FY2022 | FY2022 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|
| Net income | -15.6 | -58.8 | -59.4 | -68.5 | -46.4 | -31.3 | -12.1 |
| Depreciation and amortization | 4.49 | 7.68 | 2.41 | 2.71 | 4.72 | 5.06 | 4.5 |
| Stock-based compensation | 2.32 | 5.11 | 17.1 | 23.6 | 30 | 26.3 | 16.5 |
| Deferred income tax | 0 | 0 | 0.42 | 0.05 | 0.05 | ||
| Change in receivables | 6.16 | -6.27 | -1.06 | -11.3 | 5.48 | 3.33 | 3.62 |
| Change in payables | 2 | 2.06 | 3.89 | ||||
| Cash from operations | 0.37 | 5.8 | -22.1 | -46.8 | -8.3 | 12.2 | 14.5 |
| Capital expenditures | -2.24 | -1.12 | -1.88 | -1.22 | -2.61 | -0.52 | -0.66 |
| Acquisitions | 0 | 0 | -7.15 | ||||
| Purchases of investments | 0 | 0 | -60.2 | -47.7 | -50.9 | -54.1 | |
| Cash from investing | -2.73 | -2.75 | -5.24 | -49.8 | -1.58 | -12.4 | 9.05 |
| Debt repaid | 0 | -1.67 | -51.8 | -3 | -4.5 | -2.19 | -3.5 |
| Stock issued | 0.15 | 0.28 | 1.34 | 2.73 | 1.38 | 1.62 | 3.11 |
| Share buybacks | 0 | 0 | -2.92 | -26.2 | |||
| Cash from financing | 0.3 | -1.85 | 143 | -0.53 | 0.11 | -3.53 | -29.7 |
| Exchange rate effect | 0 | 0 | -1.42 | 0.73 | 0.09 | 0.52 | |
| Net change in cash | -2.06 | 1.21 | 116 | -98.5 | -9.05 | -3.63 | -5.54 |
| Free cash flow | -1.87 | 4.69 | -24 | -48 | -10.9 | 11.7 | 13.9 |
| Interest paid | 4.3 | 3.95 | 1.94 | 2.3 | 2.95 | 2.69 | 2.23 |
| Income taxes paid | 1.07 | 1.21 | 2.64 | 8.87 | 4.29 | 3.77 | 1.95 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 72.1% | Gross profit / revenue. |
| Operating margin | -1.5% | Operating income / revenue. |
| EBITDA margin | 1.0% | EBITDA (operating income + depreciation and amortization) / revenue. |
| Pre-tax margin | -3.5% | Pre-tax income / revenue. |
| Net margin | -6.9% | Net income / revenue. |
| FCF margin | 6.2% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 6.4% | Cash from operations / revenue. |
| Return on equity (ROE) | -739.7% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | -7.4% | Net income / average total assets. |
| Return on invested capital (ROIC) | -86.0% | Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%. |
| R&D / revenue | 25.3% | Research and development expense / revenue. |
| Stock-based pay / revenue | 8.5% | Stock-based compensation (from the cash flow statement) / revenue. |
| Capex / revenue | 0.2% | Capital expenditures / revenue. |
| D&A / revenue | 2.5% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | 1.2% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | 2.3% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 8.5% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | 7.2% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | 6.1% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | 11.9% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 18.9% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 5y | 20.2% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Free cash flow growth, 1y | 18.5% | Free cash flow vs the same period a year earlier. Only from a positive base. |
| Free cash flow CAGR, 5y | 24.3% | Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | -74.0% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | -47.3% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets growth, 1y | -9.2% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | -7.2% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 12.6% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | 3.4% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | 5.5% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | 43.7% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 0.56x | Current assets / current liabilities. |
| Quick ratio | 0.43x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.23x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 15.8x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 15.8% | Total debt / total assets. |
| Liabilities / assets | 99.0% | Total liabilities / total assets. |
| Net debt | -$4.6M | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Net debt / EBITDA | -2.48x | Net debt / EBITDA (twelve months), when EBITDA is positive. |
| Interest coverage | -1.25x | Operating income / interest expense. |
| Working capital | -$59.1M | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 34.1% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | -$55.9M | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 1.07x | Revenue / average total assets. |
| Fixed asset turnover | 16.0x | Revenue / average property, plant and equipment. |
| Receivables turnover | 6.79x | Revenue / average receivables. |
| Days sales outstanding | 54 days | 365 x average receivables / revenue. |
| Capex / operating cash flow | 3.6% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | -$0.08 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| Revenue per share | $1.23 | Revenue / diluted weighted shares. |
| FCF per share | $0.08 | Free cash flow / diluted weighted shares. |
| Operating cash flow per share | $0.08 | Cash from operations / diluted weighted shares. |
| Book value per share | $0.01 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | -$0.37 | Tangible book value / shares outstanding. |
| Cash per share | $0.21 | (Cash + short-term investments) / shares outstanding. |
| Buybacks / FCF | 148.1% | Share buybacks / free cash flow, when free cash flow is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $200.6M | Share price x shares outstanding. |
| Enterprise value | $196.0M | Market cap + total debt - cash - short-term investments. |
| P/S | 1.11x | Market cap / revenue. |
| P/B | 119x | Market cap / shareholders' equity. Only when equity is positive. |
| P/FCF | 17.9x | Market cap / free cash flow. Only when free cash flow is positive. |
| P/OCF | 17.2x | Market cap / cash from operations, when positive. |
| EV/Sales | 1.08x | Enterprise value / revenue. |
| EV/EBITDA | 105x | Enterprise value / EBITDA, when both are positive. |
| EV/FCF | 17.5x | Enterprise value / free cash flow, when both are positive. |
| FCF yield | 5.6% | Free cash flow / market cap. |
| Earnings yield | -6.2% | Net income / market cap (the inverse of P/E). |
| Shareholder yield | 8.3% | (Dividends paid + share buybacks) / market cap. |
What was KALTURA INC's revenue in fiscal 2025?
KALTURA INC reported revenue of $180.9M for fiscal 2025, 1.2% higher than the year before.
Was KALTURA INC profitable in fiscal 2025?
No. It reported a net loss of $12.1M.
How much free cash flow did KALTURA INC generate in fiscal 2025?
Cash from operations of $14.5M minus capital expenditures of $661.0K left free cash flow of $13.9M.