Quarterly ResultMay 11, 2026, 04:07 PM
Kaltura Q1 Revenue $44.6M, Adj. EBITDA $5.7M; Exceeds Guidance
AI Summary
Kaltura, Inc. announced its first quarter 2026 financial results, reporting total revenue of $44.6 million and Adjusted EBITDA of $5.7 million, both surpassing the high end of their guidance. The company achieved positive operating cash flow for the first time in a first quarter. Strategically, Kaltura completed the acquisition of PathFactory, expanded its AI capabilities with new avatar-based products, and secured ISO/IEC 42001 certification for AI Management Systems. Despite year-over-year revenue and ARR declines, the company provided modest growth guidance for Q2 and full year 2026.
Key Highlights
- Q1 2026 Total Revenue was $44.6 million, a 5% decrease year-over-year.
- Q1 2026 Subscription Revenue was $43.2 million, a 4% decrease year-over-year.
- Q1 2026 Adjusted EBITDA was $5.7 million, exceeding guidance and up from $4.1 million in Q1 2025.
- Q1 2026 GAAP Net Loss was $3.8 million, or $0.03 per diluted share.
- Net cash provided by operating activities was $0.7 million in Q1 2026, compared to $1.0 million used in Q1 2025.
- Annualized Recurring Revenue (ARR) for Q1 2026 was $168.8 million, a 3% decrease year-over-year.
- Enterprise, Education and Technology (EE&T) total revenue declined 1% year-over-year.
- Media & Telecom (M&T) total revenue declined 17% year-over-year.
- Completed the acquisition of PathFactory on April 1, 2026.
- Q2 2026 Total Revenue guidance is $45.2 million to $46.0 million (2-3% YoY growth).
- Full Year 2026 Total Revenue guidance is $182.6 million to $184.8 million (1-2% YoY growth).