Kaltura Q1 Revenue Hits $44.6M with $5.7M Adjusted EBITDA Beat
Kaltura posted first-quarter revenue of $44.6 million, subscription sales of $43.2 million and $5.7 million adjusted EBITDA, all surpassing guidance and delivering positive operating cash flow. The company closed its PathFactory acquisition, launched general availability of its conversational Agentic Avatar and secured ISO/IEC 42001 AI management certification.
1. Financial Results
Kaltura reported total first-quarter revenue of $44.6 million and subscription revenue of $43.2 million, both above the high end of guidance. Adjusted EBITDA reached $5.7 million, and net cash provided by operations was $0.7 million, marking the first Q1 positive operating cash flow in company history.
2. Business Highlights
During the quarter, Kaltura secured one seven-digit subscription deal, fourteen six-digit deals and three AI-related agreements, driving the highest gross retention in five quarters. The company achieved ISO/IEC 42001 certification and launched general availability of its conversational Agentic Avatar and SDK.
3. PathFactory Acquisition and AI Advancements
On April 1, Kaltura completed the acquisition of PathFactory, adding content intelligence and journey orchestration capabilities to its platform. The company also unveiled an Avatar Video Production Studio and demonstrated its integrated Agentic Revenue Engagement Platform at Adobe Summit.
4. Outlook for Second Quarter 2026
Kaltura forecasts subscription revenue growth of 2%–4% year-over-year to $43.3–44.1 million and total revenue growth of 2%–3% to $45.2–46.0 million for Q2 2026.