--- title: "Kaltura | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 44.63 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285990664.md" datetime: "2026-05-11T20:20:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285990664.md) - [en](https://longbridge.com/en/news/285990664.md) - [zh-HK](https://longbridge.com/zh-HK/news/285990664.md) --- # Kaltura | 10-Q: 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. ### Segment Revenue - **Total Revenue**: Kaltura, Inc.’s total revenue decreased by - $2,358 thousand, or -5%, from $46,984 thousand for the three months ended March 31, 2025, to $44,626 thousand for the three months ended March 31, 2026. - **Enterprise, Education & Technology (EE&T) Segment**: Total EE&T revenue decreased by - $265 thousand, or -1%, from $34,416 thousand in Q1 2025 to $34,151 thousand in Q1 2026, primarily due to a - $1.0 million decrease from existing customers partially offset by a $0.7 million increase from new customers. - Subscription revenue for EE&T was $33,678 thousand in Q1 2026, a slight increase from $33,607 thousand in Q1 2025. - Professional services revenue for EE&T decreased by - $336 thousand, or -42%, to $473 thousand in Q1 2026 from $809 thousand in Q1 2025. - **Media & Telecom (M&T) Segment**: Total M&T revenue decreased by - $2,093 thousand, or -17%, from $12,568 thousand in Q1 2025 to $10,475 thousand in Q1 2026, mainly due to a decrease in revenue from existing customers. - Subscription revenue for M&T decreased by - $1,788 thousand, or -16%, to $9,511 thousand in Q1 2026 from $11,299 thousand in Q1 2025. - Professional services revenue for M&T decreased by - $305 thousand, or -24%, to $964 thousand in Q1 2026 from $1,269 thousand in Q1 2025. ### Operational Metrics - **Gross Profit**: Total gross profit decreased by - $628 thousand, or -2%, from $32,736 thousand in Q1 2025 to $32,108 thousand in Q1 2026. - **EE&T Gross Profit**: Total EE&T gross profit was $26,462 thousand in Q1 2026, nearly flat compared to $26,568 thousand in Q1 2025. - EE&T subscription gross profit remained consistent at $27,884 thousand in Q1 2026 compared to $27,888 thousand in Q1 2025. - EE&T professional services gross loss increased by - $102 thousand, or 8%, to - $1,422 thousand in Q1 2026 from - $1,320 thousand in Q1 2025. - **M&T Gross Profit**: Total M&T gross profit decreased by - $522 thousand, or -8%, to $5,646 thousand in Q1 2026 from $6,168 thousand in Q1 2025, mainly due to revenue decrease partially offset by lower headcount and reduced production costs. - M&T subscription gross profit decreased by - $972 thousand, or -15%, to $5,560 thousand in Q1 2026 from $6,532 thousand in Q1 2025. - M&T professional services gross profit increased by $450 thousand, or 124%, to $86 thousand in Q1 2026 from a - $364 thousand gross loss in Q1 2025. - **Gross Margins**: Overall gross margins were 72% in Q1 2026 (77% for subscriptions and -93% for professional services) compared to 70% in Q1 2025 (77% for subscriptions and -81% for professional services). - **EE&T Gross Margins**: 77% in Q1 2026 (83% for subscriptions and -301% for professional services) and 77% in Q1 2025 (83% for subscriptions and -163% for professional services). - **M&T Gross Margins**: 54% in Q1 2026 (58% for subscriptions and 9% for professional services) and 49% in Q1 2025 (58% for subscriptions and -29% for professional services). - **Operating Loss**: Operating loss decreased by - $353 thousand, or -22%, from - $1,577 thousand in Q1 2025 to - $1,224 thousand in Q1 2026. - **Operating Expenses**: - **Research and Development**: Decreased by - $1,352 thousand, or -11%, to $10,736 thousand in Q1 2026 from $12,088 thousand in Q1 2025, primarily due to a - $0.9 million decrease in compensation expenses and a - $0.2 million decrease in subcontractor and consultant costs. - **Sales and Marketing**: Decreased slightly by - $74 thousand, or -1%, to $11,849 thousand in Q1 2026 from $11,923 thousand in Q1 2025. - **General and Administrative**: Increased by $445 thousand, or 4%, to $10,747 thousand in Q1 2026 from $10,302 thousand in Q1 2025, driven by a $1.6 million increase in strategic initiatives costs and a $0.3 million increase from the accretion of contingent consideration, partially offset by a - $1.4 million decrease in compensation expenses. ### Cash Flow - **Net Cash Provided by (Used in) Operating Activities**: Increased by $1,703 thousand, from - $1,047 thousand in Q1 2025 to $656 thousand in Q1 2026. - **Net Cash Provided by Investing Activities**: Increased by $29,183 thousand, from $2,246 thousand in Q1 2025 to $31,429 thousand in Q1 2026, mainly due to proceeds from maturities of marketable securities. - **Net Cash Used in Financing Activities**: Decreased by - $1,452 thousand, from - $2,624 thousand in Q1 2025 to - $1,172 thousand in Q1 2026. ### Unique Metrics - **Net Dollar Retention Rate**: Was 95% for the three months ended March 31, 2026, compared to 107% for the same period in 2025, reflecting the lagging impact of elevated churn in the M&T segment in 2025. - **Annualized Recurring Revenue (ARR)**: Declined by 3% for the three months ended March 31, 2026, compared to the three months ended March 31, 2025. - **Remaining Performance Obligations**: As of March 31, 2026, the aggregate amount was $154,471 thousand, with $55,693 thousand in billed consideration and $98,778 thousand in unbilled consideration. Kaltura, Inc. expects to recognize 67% of these obligations as revenue over the next 12 months and the remainder over the next four years. ### Future Outlook and Strategy Kaltura, Inc. plans to enhance its platform with Generative AI features for automatic video creation, advanced personalization, and real-time analytics, leveraging its API-first architecture for deeper workflow integration. The company aims to acquire new customers across key verticals and increase revenue from existing customers through cross-selling and upselling, including new Gen AI-powered capabilities. Kaltura, Inc. anticipates gradual improvement in gross margins for both EE&T and M&T segments due to enhanced efficiencies, while research and development expenses are expected to decrease as a percentage of revenue, and sales and marketing expenses are expected to increase as a percentage of revenue. ### 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) - [Kaltura Maintains Buy Rating as Analyst Sees Constructive Long-Term AI Growth, Keeps $4 Price Target Unchanged](https://longbridge.com/en/news/286125648.md) - [Yext to Announce First Quarter Fiscal Year 2027 Financial Results on June 2, 2026 | YEXT Stock News](https://longbridge.com/en/news/286970613.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)