Filing Flows › Kaltura (KLTR) › Q1 2025
Kaltura (KLTR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Kaltura (KLTR) reported revenue of $47.0M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was -3.4%, net loss $1.1M (2.4% of revenue).
Kaltura, Q1 2025: revenue $47.0M (+5% year over year), operating margin -3.4%, net loss $1.1M, operating cash flow −$1.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.0M | +3% | +5% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | −$1.0M | -124% | — |
What changed
Revenue was $47.0M in Q1 2025, up 5% year over year and up 3% from the previous quarter. Subscription was the largest line at 96% of revenue. Subscription added $3.7M year over year (up 9%), 170% of the total change. Professional services declined 42%.
Gross margin was 69.7%, up 5.8 points from a year earlier. Operating costs exceeded revenue by $1.6M, an operating margin of -3.4%. Operating expenses fell 4% while revenue rose 5%. The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $6.6M loss. Non-operating items added $1.8M, 798% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.0M. Non-cash charges added back $1.2M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $5.6M. Capital expenditures of $297K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was Kaltura's revenue in the first quarter 2025?
Kaltura (KLTR) reported revenue of $47.0M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +3% from the quarter before.
Was Kaltura profitable in the first quarter 2025?
Operating loss was $1.6M (-3.4% of revenue) and net loss $1.1M.
Source: Kaltura 10-Q on SEC EDGAR.