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Kaltura (KLTR) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 5, 2026 · Kaltura (KLTR) Q2 2026 earnings results →

Q2 2026 Revenue up 6% year over year to $46.9M · 12¢ of every $1 of revenue lost · operating margin -1.7%

Kaltura made $46.9M in Q2 2026 (+6% Y/Y): Subscription $45.6M, Professional services $1.3M. Operating margin -1.7%, net loss $5.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 5, 2026.

Revenue$46.9M
Year over year+6%
Operating margin-1.7%
Net earnings−$5.5M
Operating cash flow−$2.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $46.9M in Q2 2026, up 5% year over year and up 5% from the previous quarter. Subscription was the largest line at 97% of revenue. Subscription added $3.3M year over year (up 8%), 134% of the total change. Professional services declined 40%.

Gross margin was 73.6%, up 3.4 points from Q2 2025. Operating costs exceeded revenue by $775K, an operating margin of -1.7%. Operating expenses grew 4% against revenue growth of 5%. The fastest-growing cost line was Sales & marketing (+11%). The quarter ended with a net loss of $5.5M, wider than the previous quarter's $3.8M loss.

Operating cash flow was −$2.0M. Non-cash charges added back $1.6M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $121K exceeded it, leaving free cash flow of −$2.1M.

Quarterly history

Kaltura revenue by quarterKaltura revenue by quarter$45.6MQ4 2024$47.0MQ1 2025$44.5MQ2 2025$43.9MQ3 2025$45.5MQ4 2025$44.6MQ1 2026$46.9MQ2 2026
Kaltura net earnings by quarterKaltura net earnings by quarter−$6.6MQ4 2024−$1.1MQ1 2025−$7.8MQ2 2025−$2.6MQ3 2025−$575KQ4 2025−$3.8MQ1 2026−$5.5MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 5, 2026$46.9M+6%-1.7%−$5.5M−$2.0M
Q1 202610-QMay 11, 2026$44.6M-5%-2.7%−$3.8M$656K
Q4 202510-KMar 16, 2026$45.5M-0.1%1.9%−$575K$3.6M
Q3 202510-QNov 10, 2025$43.9M-1%-3.4%−$2.6M$9.3M
Q2 202510-QAug 7, 2025$44.5M+1%-6.2%−$7.8M$2.7M
Q1 202510-QMay 8, 2025$47.0M+5%-3.4%−$1.1M−$1.0M
Q4 202410-KFeb 20, 2025$45.6M+2%-8.3%−$6.6M$4.3M

Charts

Kaltura: revenue growth, year over year and quarter over quarterKaltura: revenue growth, year over year and quarter over quarterY/YQ/Q+2%Q4 2024+5%+3%Q1 2025+1%-5%Q2 2025-1%-1%Q3 20250%+4%Q4 2025-5%-2%Q1 2026+6%+5%Q2 2026
Latest (Q2 2026): Y/Y +6%, Q/Q +5%.
Kaltura: where the cash came from (+) and went (−), TTM to Q2 2026Kaltura: where the cash came from (+) and went (−), TTM to Q2 2026Acquisitions−$29.6MOther investing$29.5MBuybacks−$16.6MOperating cash flow$11.6MCash drawn (+) / kept (−)$9.5MNet borrowing (+) / repaid (−)−$4.6MShares issued$456KCapital spending−$420KExchange rates$124KOther financing−$1K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Kaltura: profit against cash, quarter by quarterKaltura: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.6M$10.7MQ3 2024−$6.6M$4.3MQ4 2024−$1.1M−$1.0MQ1 2025−$7.8M$2.7MQ2 2025−$2.6M$9.3MQ3 2025−$575K$3.6MQ4 2025−$3.8M$656KQ1 2026−$5.5M−$2.0MQ2 2026
Latest (Q2 2026): Net income −$5.5M, Operating cash flow −$2.0M.
Kaltura: diluted shares by fiscal year (split-adjusted)Kaltura: diluted shares by fiscal year (split-adjusted)150MFY2020142MFY2021138MFY2023148MFY2024153MFY2025
+2.2% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2023, 3-for-1 split before FY2021.
Kaltura in its industry: growth against margin (192 companies, SIC 7372)Kaltura in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYKLTR (+6%, -2%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Kaltura

We, Kaltura, Inc. (“Kaltura,” “we,” “us,” or “our”), are a market-leading provider of video and rich media offerings for enterprises. Our mission is to power rich, agentic digital experiences across organizational journeys for customers, employees, learners, and audiences. Kaltura's Digital Experience Platform enables organizations to create, manage, and deliver video and rich media experiences that increasingly incorporate agentic artificial intelligence (“AI”) capabilities, including conversational interfaces, workflow automation, and outcome-oriented engagement across digital touchpoints. We believe this combination of video, rich media and agentic capabilities enables organizations to move beyond static, one-size-fits-all digital experiences toward more personalized, contextual, and interactive agentic digital experiences at scale.

In its own words, from its 10-K, filed Mar 16, 2026.

Kaltura against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +14%. Operating margin: -1.7% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
KLTR KalturaQ2 2026$46.9M+6%-1.7%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Kaltura 10-Q on SEC EDGAR · CIK 1432133 · Services-Prepackaged Software

13F: who owns KLTR and who is buying

Largest holders of KLTR (13F)Largest holders of KLTR (13F)Avalon Ventures Management, LLC$12.9MSapphire Ventures, L.L.C.$10.4MVanguard Group$8.5MBlackRock$7.8MVanguard Capital Management LLC$4.9MGagnon Securities LLC$4.2MGeode Capital Management, LLC$3.0MAcadian Asset Management LLC$2.9MS Squared Technology, LLC$2.5MState Street$2.1M
Funds' net buying of KLTR by quarter (13F)Funds' net buying of KLTR by quarter (13F)$397K2024-09$230K2024-12$9.1M2025-03−$3.2M2025-06$168K2025-09−$24.5M2025-12−$1.4M2026-03$2.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on KLTR

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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