The company's financial stability appears increasingly vulnerable, evidenced by a debt-to-equity ratio that spiked to 9.59 in 2026Q1 from 1.81 in 2023Q4.
| Total Current Assets | 98.6M | 90.68M | 121.56M | 111.73M | 133.03M | 175.65M | 53.46M | 42.64M |
| Cash & Short-Term Investments | 61.8M | 51.88M | 81.33M | 69.38M | 85.97M | 143.95M | 27.71M | 26.54M |
| Cash Only | 58.4M | 27.52M | 33.06M | 36.68M | 44.63M | 143.95M | 27.71M | 26.54M |
| Short-Term Investments | 3.41M | 24.36M | 48.27M | 32.69M | 41.34M | 0 | 0 | 0 |
| Accounts Receivable | 17.05M | 16.36M | 19.98M | 23.31M | 28.79M | 17.51M | 17.13M | 10.83M |
| Days Sales Outstanding | 38.3 | 33.01 | 40.8 | 48.57 | 62.24 | 38.73 | 51.93 | 40.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 9.08M | 8.23M | 5.01M |
| Days Inventory Outstanding | - | - | - | - | - | 53.18 | 62.99 | 51.31 |
| Other Current Assets | 19.74M | 16.3M | 16.16M | 16.39M | 14.91M | 1.25M | -1.99M | -1.24M |
| Total Non-Current Assets | 61.16M | 74.01M | 59.75M | 72M | 73.14M | 47.65M | 37.49M | 30.18M |
| Property, Plant & Equipment | 21.69M | 22.67M | 28.5M | 33.98M | 35.96M | 9.5M | 4.15M | 7.81M |
| Fixed Asset Turnover | 7.60x | 7.98x | 6.27x | 5.15x | 4.69x | 17.36x | 29.04x | 12.47x |
| Goodwill | 25.39M | 25.42M | 11.07M | 11.07M | 11.07M | 11.07M | 11.07M | 9.38M |
| Intangible Assets | 2.05M | 2.14M | 212K | 689K | 1.24M | 1.91M | 2.83M | 1.11M |
| Long-Term Investments | 28.29M | 10.88M | 3.38M | 5.84M | 1.21M | 422K | 0 | 606K |
| Other Non-Current Assets | 10.76M | 12.9M | 16.59M | 20.41M | 24.87M | 25.16M | 20.08M | 11.88M |
| Total Assets | 159.77M | 164.7M | 181.31M | 183.74M | 206.17M | 223.29M | 90.95M | 72.82M |
| Asset Turnover | 1.07x | 1.10x | 0.99x | 0.95x | 0.82x | 0.74x | 1.32x | 1.34x |
| Asset Growth % | -21.12% | -9.16% | -1.32% | -10.88% | -7.67% | 145.5% | 24.91% | - |
| Total Current Liabilities | 122.33M | 126.48M | 101.66M | 99.91M | 108.84M | 98.09M | 82.99M | 76.58M |
| Accounts Payable | 8.36M | 3.79M | 3.27M | 3.63M | 9.44M | 6.48M | 5.04M | 2.66M |
| Days Payables Outstanding | 46.3 | 26 | 19.99 | 21.05 | 55.67 | 37.96 | 38.63 | 27.28 |
| Short-Term Debt | 30.75M | 29.04M | 5.61M | 1.61M | 5.79M | 2.79M | 1M | 19.52M |
| Deferred Revenue (Current) | 230.32M | 60.29M | 63.12M | 62.36M | 59.84M | 51.69M | 47.69M | 36.72M |
| Other Current Liabilities | 17.4M | 1.43M | 21.52M | 5.52M | 8.56M | 1.73M | 1.58M | 2.81M |
| Current Ratio | 0.81x | 0.72x | 1.20x | 1.12x | 1.22x | 1.79x | 0.64x | 0.56x |
| Quick Ratio | 0.81x | 0.72x | 1.20x | 1.12x | 1.22x | 1.70x | 0.55x | 0.49x |
| Cash Conversion Cycle | -8.01 | - | - | - | - | 53.95 | 76.28 | 64.63 |
| Total Non-Current Liabilities | 32.79M | 31.88M | 55.26M | 53.51M | 53.99M | 39.93M | 108.5M | 49.04M |
| Long-Term Debt | 0 | 0 | 29.15M | 33.05M | 30M | 35.8M | 47.16M | 28.18M |
| Capital Lease Obligations | 57.82M | 14.4M | 15.26M | 17.8M | 20.7M | 0 | 142K | 1.76M |
| Deferred Tax Liabilities | 2.01M | 507K | 463K | 0 | 0 | 0 | 0 | 17.11M |
| Other Non-Current Liabilities | 16.7M | 14.82M | 10.31M | 2.29M | 2.02M | 2.19M | 59.34M | 1.77M |
| Total Liabilities | 155.12M | 158.37M | 156.92M | 153.42M | 162.82M | 138.02M | 191.5M | 125.63M |
| Total Debt | 44.52M | 46.33M | 52.53M | 54.83M | 58.85M | 38.74M | 50.04M | 51.8M |
| Net Debt | -13.87M | 18.81M | 19.48M | 18.14M | 14.22M | -105.21M | 22.33M | 25.26M |
| Debt / Equity | 9.59x | 7.32x | 2.15x | 1.81x | 1.36x | 0.45x | - | - |
| Debt / EBITDA | 46.14x | - | - | - | - | - | - | 30.28x |
| Net Debt / EBITDA | -14.38x | - | - | - | - | - | - | 14.77x |
| Interest Coverage | -1.31x | -3.23x | -6.78x | -9.25x | -17.94x | -2.43x | -0.96x | -2.04x |
| Total Equity | 4.64M | 6.33M | 24.39M | 30.32M | 43.35M | 85.27M | -100.54M | -52.81M |
| Equity Growth % | -207.86% | -74.04% | -19.57% | -30.05% | -49.17% | 184.81% | -90.39% | - |
| Book Value per Share | 0.03 | 0.04 | 0.16 | 0.22 | 0.33 | 0.67 | -0.80 | -0.42 |
| Total Shareholders' Equity | 4.64M | 6.33M | 24.39M | 30.32M | 43.35M | 85.27M | -100.54M | -52.81M |
| Common Stock | 18K | 18K | 15K | 14K | 13K | 13K | 2K | 2K |
| Retained Earnings | -484.65M | -480.88M | -468.81M | -437.5M | -391.13M | -322.63M | -263.28M | -204.52M |
| Treasury Stock | -34.01M | -34.01M | -7.8M | -4.88M | -4.88M | -4.88M | -4.88M | -4.88M |
| Accumulated OCI | 1.09M | 2.76M | 959K | 1.05M | -301K | 0 | -882K | -882K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and solvency pressure
According to recent financial disclosures, Kaltura's equity base has contracted significantly from $30.3M in 2023Q4 to just $4.6M in 2026Q1, signaling a rapid deterioration in the company's net worth as persistent operating losses continue to erode the firm's foundational capital structure over time.
The consistent decline in equity suggests that the company is struggling to reach a self-sustaining operational scale. Investors should monitor whether this trajectory necessitates further dilutive equity raises to prevent a total depletion of shareholder value.
As reported in quarterly filings, Kaltura's debt-to-equity ratio has spiked to 9.59 in 2026Q1, a sharp increase from 1.81 in 2023Q4, which indicates that the company is increasingly reliant on debt financing to bridge its operational funding gaps in a high-interest environment.
This elevated leverage profile significantly limits the company's strategic flexibility and increases the risk of default if cash flow generation does not improve. The reliance on debt appears to be a necessity-driven response to ongoing operational cash burn rather than a strategic capital allocation choice.
Based on the most recent balance sheet data, Kaltura's current ratio has fallen to 0.81 in 2026Q1, down from 1.12 in 2023Q4, suggesting that the company's ability to cover its short-term obligations with existing liquid assets is becoming increasingly strained.
The decline in the current ratio, coupled with a cash position that has fluctuated significantly, implies a narrowing buffer against operational shocks. This liquidity profile warrants close investigation, as it may force management to prioritize short-term cash preservation over long-term R&D investments.
Financial statements indicate that goodwill has increased to $25.4M as of 2026Q1, which represents a substantial portion of the company's $159.8M in total assets, raising concerns regarding potential future impairment charges if the underlying business units fail to meet performance expectations.
The reliance on intangible assets to bolster the balance sheet may mask the underlying weakness in the company's tangible asset base. Investors should consider the risk that these valuations may not be supported by current cash flow generation, potentially leading to future write-downs.
Quick answers to the most common questions about buying KLTR stock.
As of 2025, Kaltura, Inc. (KLTR) had total assets of $164.7M including $90.7M in current assets.
Kaltura, Inc. (KLTR) carries total debt of $46.3M, offset by $51.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Kaltura, Inc. (KLTR) has total shareholders' equity (book value) of $6.3M ($0.04 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Kaltura, Inc. (KLTR) reported a current ratio of 0.72x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.