Filing Flows › Kaltura (KLTR) › Q1 2026 › vs Q1 2025
Kaltura (KLTR) Q1 2026 vs Q1 2025 (year over year)
Kaltura's revenue fell $2.4M (-5%) from $47.0M in Q1 2025 to $44.6M in Q1 2026. The biggest changes: Subscription −$1.7M (-4%); Professional services −$641K (-31%).
Kaltura, Q1 2026: revenue $44.6M (-5% year over year), operating margin -2.7%, net loss $3.8M, operating cash flow $656K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.3% | -2.9% | +4.2 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Subscription | $43.2M | $44.9M | −$1.7M | -4% |
| Professional services | $1.4M | $2.1M | −$641K | -31% |
| Revenue | $44.6M | $47.0M | −$2.4M | -5% |
| Net loss | $3.8M | $1.1M | $2.6M | +237% |
| Costs & expenses | $48.4M | $49.9M | −$1.5M | -3% |
| Operating costs | $45.9M | $48.6M | −$2.7M | -6% |
| Income tax | $2.5M | $1.3M | $1.1M | +83% |
| Cost of revenue | $12.5M | $14.2M | −$1.7M | -12% |
| Research & development | $10.7M | $12.1M | −$1.4M | -11% |
| Sales & marketing | $11.8M | $11.9M | −$74K | -0.6% |
| General & admin | $10.7M | $10.3M | $445K | +4% |
| Operating cash sources | $5.0M | $5.7M | −$768K | -13% |
| Depreciation & amortization | $1.2M | $1.2M | $4K | +0.3% |
| Share-based compensation | $3.8M | $4.5M | −$772K | -17% |
| Net loss absorbed | $3.8M | $1.1M | $2.6M | +237% |
| Working capital & other | $525K | $5.6M | −$5.1M | -91% |
| Operating cash flow | $656K | −$1.0M | $1.7M | — |
| Free cash flow (OCF − capex) | $595K | −$1.3M | $1.9M | — |
| Capital expenditures | $61K | $297K | −$236K | -79% |
Questions
How much did Kaltura's revenue grow year over year in Q1 2026?
Kaltura's revenue fell $2.4M (-5%) from $47.0M in Q1 2025 to $44.6M in Q1 2026.
What drove Kaltura's revenue change in Q1 2026?
Subscription −$1.7M (-4%); Professional services −$641K (-31%).