KALTURA INC

KLTRInfrastructure

Kaltura is the video engine behind a lot of screens you have probably watched.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026

ARR Multiple

1.1x

+0.0x

ARR

$188M

+5.1%

YoY Growth

5.5%

+10.5pp

Market Cap

$199M

+0.8%

Revenue (Q)

$47M

+5.1%

Gross Margin

73.7%

+1.7pp

Op. Margin

-1.6%

-3.4pp

Rule of 40

3.8

+7.1

Magic Number

0.77

+1.12

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 2 Oct 2026; their pills compare vs the Jun 2026 quarter-end (1.1x).

Valuation by quarter

Current ARR Multiple: 1.1x

Calculated valuation

FRAMEWORK EST.

Valuation data is not available for this company.

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AI Replacement RiskLOW

8/ 100

LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score

Communication & collaborationCategory baseline

low base

Workflow complexity5/5

-12 risk

Data moat3/5

-1 risk

Integration depthHigh

-10 risk

SegmentEnterprise

-8 risk

IndustryOther

neutral

Own AI integration3/5

-1.6 risk

Company overview

Kaltura is the video engine behind a lot of screens you have probably watched. The company started in 2006. It keeps offices in New York and Israel, and it went public in 2021.

The business splits into two worlds. One serves education. The other serves enterprises. Both need video that just works at scale.

On the education side, Kaltura powers lecture capture, course content, and virtual classrooms for universities. Suppose a professor records a chemistry lecture. Students stream it later, add notes, and search inside the video for the exact moment about acids. Kaltura runs that experience in the background.

On the enterprise side, Kaltura hosts town halls, webinars, and big virtual events. It also offers video APIs so developers can build streaming into their own products. A media company can spin up a full video platform without starting from zero.

Revenue runs around $170 million a year. Growth has been slow, and the company has worked hard to cut costs and reach profit. Gross margins sit in the mid-60s. Kaltura is not a household brand. It is more like plumbing. You do not see it, but a lot of learning and corporate video flows through it every day.