Filing Flows › Kaltura (KLTR) › Q1 2026 › vs Q4 2025
Kaltura (KLTR) Q1 2026 vs Q4 2025 (quarter over quarter)
Kaltura's revenue fell $916K (-2%) from $45.5M in Q4 2025 to $44.6M in Q1 2026. The biggest changes: Professional services −$1.4M (-50%); Subscription +$515K (+1%).
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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.3% | 7.7% | -6.4 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Subscription | $43.2M | $42.7M | $515K | +1% |
| Professional services | $1.4M | $2.9M | −$1.4M | -50% |
| Revenue | $44.6M | $45.5M | −$916K | -2% |
| Net loss | $3.8M | $575K | $3.2M | +555% |
| Costs & expenses | $48.4M | $46.1M | $2.3M | +5% |
| Operating costs | $45.9M | $44.7M | $1.2M | +3% |
| Income tax | $2.5M | $84K | $2.4M | 29× |
| Cost of revenue | $12.5M | $12.6M | −$38K | -0.3% |
| Research & development | $10.7M | $10.9M | −$119K | -1% |
| Sales & marketing | $11.8M | $10.4M | $1.4M | +14% |
| General & admin | $10.7M | $10.7M | −$1K | 0% |
| Operating cash sources | $5.0M | $4.9M | $13K | +0.3% |
| Depreciation & amortization | $1.2M | $1.1M | $69K | +6% |
| Share-based compensation | $3.8M | $3.8M | −$56K | -1% |
| Net loss absorbed | $3.8M | $575K | $3.2M | +555% |
| Working capital & other | $525K | $714K | −$189K | -26% |
| Operating cash flow | $656K | $3.6M | −$3.0M | -82% |
| Free cash flow (OCF − capex) | $595K | $3.5M | −$2.9M | -83% |
| Capital expenditures | $61K | $127K | −$66K | -52% |
Questions
How much did Kaltura's revenue grow quarter over quarter in Q1 2026?
Kaltura's revenue fell $916K (-2%) from $45.5M in Q4 2025 to $44.6M in Q1 2026.
What drove Kaltura's revenue change in Q1 2026?
Professional services −$1.4M (-50%); Subscription +$515K (+1%).