--- title: "Kaltura | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 44.63 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285989117.md" datetime: "2026-05-11T20:11:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285989117.md) - [en](https://longbridge.com/en/news/285989117.md) - [zh-HK](https://longbridge.com/zh-HK/news/285989117.md) --- # Kaltura | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 44.63 M Revenue: As of FY2026 Q1, the actual value is USD 44.63 M, beating the estimate of USD 43 M. EPS: As of FY2026 Q1, the actual value is USD -0.03. EBIT: As of FY2026 Q1, the actual value is USD -1.22 M. ### Financial Performance for Q1 2026 #### Total Revenue Kaltura, Inc. reported total revenue of $44.6 million for the first quarter of 2026, marking a 5% decrease from $47.0 million in the first quarter of 2025, yet exceeding the high end of the company’s guidance range . #### Subscription Revenue Subscription revenue for the first quarter of 2026 was $43.2 million, a 4% decrease compared to $44.9 million in the first quarter of 2025, also surpassing the high end of guidance . #### Adjusted EBITDA Adjusted EBITDA for the first quarter of 2026 increased to $5.7 million, up from $4.1 million in the first quarter of 2025, exceeding the high end of guidance . #### GAAP Gross Profit and Margin GAAP Gross profit for the first quarter of 2026 was $32.1 million, a slight decrease from $32.7 million in the first quarter of 2025 . The GAAP Gross margin improved to 72% for the first quarter of 2026, compared to 70% for the first quarter of 2025 . #### Non-GAAP Gross Profit and Margin Non-GAAP Gross profit for the first quarter of 2026 was $32.3 million, down from $33.0 million in the first quarter of 2025 . The Non-GAAP Gross margin was 72% for the first quarter of 2026, consistent with 70% for the first quarter of 2025 . #### Total Operating Expenses Total operating expenses for the first quarter of 2026 decreased to $33.3 million from $34.3 million in the first quarter of 2025 . #### GAAP Operating Loss Kaltura, Inc. recorded a GAAP Operating loss of -$1.2 million for the first quarter of 2026, an improvement from a GAAP operating loss of -$1.6 million in the first quarter of 2025 . #### Non-GAAP Operating Profit Non-GAAP Operating profit for the first quarter of 2026 increased to $4.6 million, up from $3.1 million in the first quarter of 2025 . #### GAAP Net Loss GAAP Net loss for the first quarter of 2026 was -$3.8 million, widening from a GAAP net loss of -$1.1 million in the first quarter of 2025 . #### Non-GAAP Net Profit Non-GAAP Net profit for the first quarter of 2026 was $2.1 million, a slight increase from $2.0 million in the first quarter of 2025 . #### Cash and Marketable Securities As of the end of the first quarter of 2026, the balance of cash, cash equivalents, and marketable securities was $61.8 million . #### Net Cash Provided by (Used in) Operating Activities Net cash provided by operating activities was $0.7 million for the first quarter of 2026, marking the first time the company achieved positive operating cash flow in a first quarter, compared to net cash used in operating activities of -$1.0 million in the first quarter of 2025 . #### Segment Revenue Revenue for the Enterprise, Education and Technology (EE&T) segment declined 1% year-over-year in the first quarter of 2026, reaching $34.151 million compared to $34.416 million in Q1 2025 . The Media & Telecom (M&T) segment’s total revenue declined 17% year-over-year to $10.475 million from $12.568 million in Q1 2025, primarily due to elevated gross churn throughout 2025 . #### Annualized Recurring Revenue (ARR) ARR for the first quarter of 2026 was $168.8 million, representing a 3% decrease from $174.8 million in the first quarter of 2025 . #### Net Dollar Retention Rate The Net Dollar Retention Rate for the first quarter of 2026 was 95%, down from 107% in the first quarter of 2025 . #### Remaining Performance Obligations Remaining Performance Obligations as of March 31, 2026, stood at $154.5 million, slightly down from $154.6 million as of March 31, 2025 . Kaltura, Inc. expects to recognize 67% of these obligations as revenue over the next 12 months, with the remainder over the subsequent four years . #### Qualitative Operational Highlights Kaltura, Inc. achieved its highest gross retention level in the past five quarters and expanded its AI capabilities, including the general availability of conversational Agentic Avatar and its SDK . The company also received ISO/IEC 42001 certification for Artificial Intelligence Management Systems and completed the acquisition of PathFactory on April 1, 2026 . ### Outlook / Guidance For the second quarter of 2026, Kaltura, Inc. anticipates subscription revenue between $43.3 million and $44.1 million, and total revenue between $45.2 million and $46.0 million, with Adjusted EBITDA projected to be between $2.0 million and $3.0 million . For the full year 2026, the company expects subscription revenue between $174.5 million and $176.7 million, total revenue between $182.6 million and $184.8 million, and Adjusted EBITDA between $13.8 million and $15.2 million . ### Related Stocks - [KLTR.US](https://longbridge.com/en/quote/KLTR.US.md) ## Related News & Research - [Kaltura Chief Customer Officer Natan Israeli sells 9,829 shares for $14,790.65](https://longbridge.com/en/news/287084470.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Plex is tripling the price of a lifetime pass to $750 after doubling it last year](https://longbridge.com/en/news/286975868.md) - [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md)