KALTURA INC
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 16, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net loss | $(12,072) | $(31,315) | $(46,366) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 4,503 | 5,064 | 4,717 |
| Stock-based compensation expenses | 16,492 | 26,264 | 29,980 |
| Amortization of deferred contract acquisition and fulfillment costs | 11,204 | 11,447 | 11,669 |
| Non-cash interest income, net | (349) | (1,219) | (1,023) |
| Gain on foreign exchange | (522) | (90) | (728) |
| Changes in operating assets and liabilities: | |||
| Decrease in trade receivables | 3,620 | 3,334 | 5,475 |
| Decrease (Increase) in prepaid expenses and other current assets and other assets, noncurrent | (2,841) | (949) | 648 |
| Increase in deferred contract acquisition and fulfillment costs | (5,070) | (7,497) | (6,561) |
| Increase (Decrease) in trade payables | 706 | (534) | (5,884) |
| Increase in accrued expenses and other current liabilities | 1,145 | 5,376 | 797 |
| Increase (Decrease) in employees and payroll accruals | (682) | 2,748 | (2,233) |
| Increase (Decrease) in other liabilities, noncurrent | (2,366) | (14) | 443 |
| Increase (Decrease) in deferred revenue | (757) | 458 | 1,626 |
| Operating lease right-of-use assets and lease liabilities, net | 1,530 | (840) | (863) |
| Net cash provided by (used in) operating activities | 14,541 | 12,233 | (8,303) |
| Cash flows from investing activities: | |||
| Investment in available-for-sale marketable securities | (54,141) | (50,874) | (47,708) |
| Proceeds from maturities of available-for-sale marketable securities | 70,999 | 38,981 | 51,976 |
| Purchases of property and equipment | (661) | (521) | (2,607) |
| Payments for businesses acquired, net of acquired cash | (7,147) | — | — |
| Capitalized internal-use software development costs | — | — | (1,493) |
| Investment in restricted bank deposit | — | — | (1,751) |
| Net cash provided by (used in) investing activities | 9,050 | (12,414) | (1,583) |
| Cash flows from financing activities: | |||
| Proceeds from long-term loans | — | — | 3,500 |
| Repayment of long-term loans | (3,500) | (2,187) | (4,500) |
| Proceeds from exercise of stock options | 3,113 | 1,620 | 1,383 |
| Cash settlement of equity classified share-based payment awards | (3,089) | — | — |
| Payment of debt issuance costs | — | (17) | (274) |
| Repurchase of common stock | (26,205) | (2,920) | — |
| Payments on account of repurchase of common stock | 30 | (30) | — |
| Net cash provided by (used in) financing activities | (29,651) | (3,534) | 109 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 522 | 90 | 728 |
| Net decrease in cash, cash equivalents and restricted cash | $(5,538) | $(3,625) | $(9,049) |
| Cash, cash equivalents and restricted cash at the beginning of the year | 33,159 | 36,784 | 45,833 |
| Cash, cash equivalents and restricted cash at the end of the year | $27,621 | $33,159 | $36,784 |
The accompanying otes 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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental disclosure of non-cash activity: | |||
| Purchase of property, equipment, internal-use software, and intangible asset in credit | $81 | $213 | $43 |
| Capitalized stock-based compensation cost | $— | $645 | $845 |
| Issuance of common shares and warrants with respect to the business combination | $2,311 | $— | $— |
| Pending proceeds from option exercises | $136 | $217 | $79 |
| Lease incentive recognized as leasehold improvements | $— | $— | $4,924 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for income taxes, net | $1,950 | $3,774 | $4,294 |
| Cash paid for interest | $2,226 | $2,692 | $2,953 |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheet | |||
| Cash and cash equivalents | $27,521 | $33,059 | $36,684 |
| Restricted cash included in other assets, noncurrent | 100 | 100 | 100 |
| Total cash, cash equivalents, and restricted cash | $27,621 | $33,159 | $36,784 |
The accompanying notes are an integral part of the consolidated financial statements
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