KALTURA INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
KLTR$1.40-2.1%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
KALTURA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(31,315) | $(46,366) | $(68,495) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 5,064 | 4,717 | 2,707 |
| Stock-based compensation expenses | 26,264 | 29,980 | 23,645 |
| Amortization of deferred contract acquisition and fulfillment costs | 11,447 | 11,669 | 10,865 |
| Non-cash interest income, net | (1,219) | (1,023) | (146) |
| Loss on sale of property and equipment | — | — | 185 |
| Losses (Gain) on foreign exchange | (90) | (728) | 1,424 |
| Changes in operating assets and liabilities: | |||
| Decrease (Increase) in trade receivables | 3,334 | 5,475 | (11,277) |
| Decrease (Increase) in prepaid expenses and other current assets and other assets, noncurrent | (949) | 648 | 429 |
| Increase in deferred contract acquisition and fulfillment costs | (7,497) | (6,561) | (11,558) |
| Increase (Decrease) in trade payables | (534) | (5,884) | 3,132 |
| Increase (decrease) in accrued expenses and other current liabilities | 5,376 | 797 | (1,937) |
| Increase (Decrease) in employees and payroll accruals | 2,748 | (2,233) | (3,743) |
| Increase (Decrease) in other liabilities, noncurrent | (14) | 443 | (51) |
| Increase in deferred revenue | 458 | 1,626 | 7,465 |
| Operating lease right-of-use assets and lease liabilities, net | (840) | (863) | 527 |
| Net cash provided by (used in) operating activities | 12,233 | (8,303) | (46,828) |
| Cash flows from investing activities: | |||
| Investment in available-for-sale marketable securities | (50,874) | (47,708) | (60,165) |
| Proceeds from maturities of available-for-sale marketable securities | 38,981 | 51,976 | 18,985 |
| Purchases of property and equipment | (521) | (2,607) | (1,218) |
| Capitalized internal-use software development costs | — | (1,493) | (4,759) |
| Investment in restricted bank deposit | — | (1,751) | (2,600) |
| Net cash used in investing activities | (12,414) | (1,583) | (49,757) |
| Cash flows from financing activities: | |||
| Proceeds from long-term loans | — | 3,500 | — |
| Repayment of long-term loans | (2,187) | (4,500) | (3,000) |
| Principal payments on finance leases | — | — | (136) |
| Proceeds from exercise of stock options | 1,620 | 1,383 | 2,732 |
| Payment of debt issuance costs | (17) | (274) | (125) |
| Repurchase of common stock | (2,920) | — | — |
| Payments on account of repurchase of common stock | (30) | — | — |
| Net cash provided by (used in) financing activities | (3,534) | 109 | (529) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 90 | 728 | (1,424) |
| Net decrease in cash, cash equivalents and restricted cash | $(3,625) | $(9,049) | $(98,538) |
| Cash, cash equivalents and restricted cash at the beginning of the year | 36,784 | 45,833 | 144,371 |
| Cash, cash equivalents and restricted cash at the end of the year | $33,159 | $36,784 | $45,833 |
The accompanying notes are an integral part of the consolidated financial statements
KALTURA, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
| Year ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Supplemental disclosure of non-cash activity: | |||
| Purchase of property, equipment, internal-use software, and intangible asset in credit | $213 | $43 | $355 |
| Lease liabilities arising from right-of-use assets | $— | $— | $23,712 |
| Capitalized stock-based compensation cost | $645 | $845 | $296 |
| Pending proceeds from option exercises | $217 | $79 | $227 |
| Lease incentive recognized as leasehold improvements | $— | $4,924 | $1,711 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for income taxes, net | $3,774 | $4,294 | $8,873 |
| Cash paid for interest | $2,692 | $2,953 | $2,301 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheet | |||
| Cash and cash equivalents | $33,059 | $36,684 | $44,625 |
| Restricted cash included in other assets, noncurrent | 100 | 100 | 1,208 |
| Total cash, cash equivalents, and restricted cash | $33,159 | $36,784 | $45,833 |
The accompanying notes are an integral part of the consolidated financial statements
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