KALTURA INC (KLTR) Form 10-Q — Aug 5, 2026
Kaltura reported Q2 2026 revenue of $46.9 million, up 5% year over year, with the net loss narrowing 28% to $5.5 million ($0.04 per share) from $7.8 million a year ago. Adjusted EBITDA rose to $5.9 million from $4.1 million as gross margin expanded to 74% from 70%. Retention is the soft spot: Net Dollar Retention fell to 96% from 101%, and Media & Telecom revenue dropped 10% to $10.1 million, while the Enterprise, Education & Technology segment grew 11%. Annualized Recurring Revenue rose 8% to $184.6 million, helped by the PathFactory acquisition.
Key figures
- Eps
- -$0.04 (Q2 2026); -$0.06 (H1 2026)
- Revenue
- $46.9M (Q2 2026); $91.5M (H1 2026)
- Net Income
- -$5.5M (Q2 2026, narrowed 28% YoY); -$9.3M (H1 2026)
- Total Debt
- $26.6M current portion of long-term loans; entire remaining balance due December 21, 2026
- Revenue Yoy
- +5% Q2 YoY; ~flat H1 YoY
- Cash Position
- $26.0M cash and equivalents plus $9.6M marketable securities
- Shares Outstanding
- 152551223
- Arr
- $184.6M as of June 30, 2026, up 8% YoY
- Rpo
- $164.3M, 71% expected to be recognized within 12 months
- Gross Margin
- 74% (Q2 2026) vs 70% (Q2 2025)
- Interest Rate
- 6.33% on credit facilities as of June 30, 2026
- Adjusted Ebitda
- $5.9M (Q2 2026) vs $4.1M (Q2 2025); $11.5M (H1 2026)
- Net Dollar Retention
- 96% (Q2 2026) vs 101% (Q2 2025)
- Stockholders Equity
- $1.7M at June 30, 2026 vs $6.3M at December 31, 2025
- Operating Cash Flow H1
- -$1.3M vs +$1.6M a year earlier
- Restructuring Charges
- $1.27M in Q2 2026 (5% workforce cut plus ~50% of acquired PathFactory staff)
- Blue Rush Purchase Price
- $638K cash (closed June 17, 2026)
- Path Factory Purchase Price
- $22.0M all cash (closed April 1, 2026)
Price after filing
Close on the filing date to close N calendar days later (from $1.40). Historical, not a forecast.
AI analysis
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