Kaltura | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 43.87 M

Revenue: As of FY2025 Q3, the actual value is USD 43.87 M, beating the estimate of USD 43.25 M.

EPS: As of FY2025 Q3, the actual value is USD -0.02.

EBIT: As of FY2025 Q3, the actual value is USD -1.728 M.

Financial Metrics by Segment

Unique Metrics

• Kaltura, Inc. repurchased 14,443,739 shares of Common Stock at a price of $16,610,300, representing a price per share of $1.15, calculated on the basis of a 25% discount over the average daily VWAP over the 30-day period ending on November 5, 2025.

Gross Profit

• GAAP Gross Profit: $30.7 million for Q3 2025, representing a gross margin of 70%, compared to $29.5 million and a gross margin of 67% for Q3 2024.
• Non-GAAP Gross Profit: $30.8 million for Q3 2025, representing a non-GAAP gross margin of 70%, compared to $29.9 million and a non-GAAP gross margin of 68% for Q3 2024.

Operating Income

• GAAP Operating Loss: $1.5 million for Q3 2025, compared to an operating loss of $4.5 million for Q3 2024.
• Non-GAAP Operating Profit: $3.1 million for Q3 2025, compared to a non-GAAP operating profit of $1.3 million for Q3 2024.

Net Income

• GAAP Net Loss: $2.6 million or $0.02 per diluted share for Q3 2025, compared to a GAAP net loss of $3.6 million or $0.02 per diluted share for Q3 2024.
• Non-GAAP Net Profit: $2.0 million or $0.01 per diluted share for Q3 2025, compared to a non-GAAP net profit of $0.0 million or $0.00 per diluted share for Q3 2024.

Adjusted EBITDA

• Adjusted EBITDA: $4.2 million for Q3 2025, compared to $2.4 million for Q3 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $9.3 million for Q3 2025, compared to $10.7 million for Q3 2024.

Outlook / Guidance

• Kaltura expects the acquisition of eSelf.ai to close in Q4 2025, subject to customary closing conditions, including regulatory approvals. The acquisition is anticipated to provide upsell opportunities across Kaltura’s premium customer base, attract new large enterprise customers, and open new self-serve sale opportunities with small and medium-sized enterprises. The integration of eSelf.ai’s technology is expected to enhance Kaltura’s AI-infused video platform, expanding its capabilities in immersive, real-time virtual agents for customer and employee experiences.