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Kaltura Inc (KLTR) Fair Value & Analysis

Technology · US · Market cap $211M · ISIN US4834671061

What is Kaltura Inc really worth?

KI Kaltura Inc logo Kaltura Inc KLTR · US
Price$1.58
Fair Value$1.07
Upside−32.3%
Quality49/100

Below-average quality, and trading another 48% above our fair value of $1.07.

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Risks

!Mixed Growth (revenue 5y +8.5 %/yr)
!Loss-making · -8.3% net margin
!High debt · generates free cash flow
!Trails peers (2/12)
!Narrow moat 3/100
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range $0.7100 – $1.43

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 18 days ago

Share price +15.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($1.43). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($0.7100 to $1.43) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$13.61 $0.8140 Fair Value $1.07 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $0.8140 – $13.61 · fair‑value band $0.7100 – $1.43 · the $1.58 price screens above the $1.07 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kaltura Inc (KLTR) currently trades at $1.58, while our model-based Fair Value estimate is $1.07, implying the stock looks roughly 47.7% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Technology sector. Bull case: the Dividend Discount group reads highest at a median of $2.81 per share, and 2 of the 9 models we run sit above the $1.58 price. Bear case: the Growth DCF group reads lowest at $0.9500, and 7 of the 9 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Kaltura Inc generated revenue of $178M at a net margin of −8.3%. Revenue declined 5.0% year over year. Net debt stands at $18.8M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $0.7100 (bear case) to $1.43 (bull case); at $1.58, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 50% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −38% fair-value upside, at −32%, KLTR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF best evidence $0.7300 $0.9700 $1.26 82
Growth DCF $0.7300 $0.9500 $1.20 80
Rev-Margin DCF $0.7500 $1.15 $1.58 73
All 9 models by family
DCF Models
FCF DCF best evidence $0.7300 $0.9700 $1.26 82
5Y Revenue Exit $0.7500 $1.14 $1.61 72
10Y Revenue Exit $0.7200 $1.02 $1.41 67
Dividend Discount
Gordon GGM $2.00 $3.30 $4.36 68
DDM Multi-Stage $2.00 $2.81 $3.51 67
Multiples
EV/Revenue $0.8300 $1.19 $1.55 53
Asset-Based
NCAV (Graham) $0.0200 $0.0300 $0.0400 54
Growth DCF
Growth DCF $0.7300 $0.9500 $1.20 80
Rev-Margin DCF $0.7500 $1.15 $1.58 73

Widest divergence: Dividend Discount ($2.81) versus Asset-Based ($0.0300). Highest evidence: FCF DCF (82).

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Key figures & financial health

P/S ratio 1.18 TTM
EPS (TTM) $−0.1000
Net margin −6.7% FY2025
Return on equity −108% TTM
Return on assets (EBIT) −16.2% avg 5y
Operating margin −2.7% TTM
More key figures
Growth
Revenue (TTM) $178M TTM
Revenue growth (YoY) −5.0% 3y avg +2.3%
Balance sheet & cash flow
Free cash flow $13.9M FY2025
Net debt $18.8M FY2025 · ≈ 1.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 35

Profitability 37
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 25
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 42
Distance to the 52-week high (market factor)
Net Issuance 36
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Kaltura, Inc., together with its subsidiaries, provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T).

Full company description

Kaltura, Inc., together with its subsidiaries, provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally. The company operates through two segments, Enterprise, Education, and Technology (EE&T); and Media and Telecom (M&T). The company creates, generates, manages, analyzes, distributes, publishes, and engages with live, real-time, and on-demand videos, and other forms; media content creation tools, AI-assisted and AI-generated content capabilities, content enrichment and repurposing, centralized content management, publishing, analytics, and content lifecycle management; and experience components, including live, real-time and on-demand video, audience interaction, moderation, analytics, and post-event content reuse. It offers cloud-based software systems designed for over-the-top and cloud television services. The company was incorporated in 2006 and is headquartered in New York, New York.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kaltura Inc reported revenue of $181M in FY2025 versus $165M in FY2021, a compound +2.3%/yr. Reported net income was −$12.1M in FY2025.

Growth Quality 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$181M
Latest YoY
+1.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.5%
Avg. revenue growth/yr (6Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.9%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +2.3%/yr
FY21 $165M
FY22 $169M
FY23 $175M
FY24 $179M
FY25 $181M
Net income
FY21 −$59.4M
FY22 −$68.5M
FY23 −$46.4M
FY24 −$31.3M
FY25 −$12.1M

KLTR screens 48% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Kaltura Inc Fair Value". https://www.fairvalue-calculator.com/stock/KLTR

Peer Group

Software - Application · 721 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −32% · Below median
Return on assets −1% · Below median
Net margin (TTM) −8% · Bottom 25%
Operating margin (TTM) −3% · Below median
Revenue growth −5% · Bottom 25%
Dividend yield (TTM) 20.5% · Top 25%
Debt / equity 4.60× · Higher than 75% of peers

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 33.25× · Pricier than 75% of peers
P/S (TTM) 1.18× · Cheaper than median
P/FCF 15.2× · Pricier than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 38
PAST0 · sector 11
HEALTH0 · sector 98
DIVIDEND100 · sector 30

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAP €191.32 €169.59 −11%
Shopify Inc SHOP C$209.78 C$28.76 −86%
Uber Technologies, Inc UBER $78.82 $43.66 −45%
Salesforce, Inc CRM $252.05 $249.28 −1%
ServiceNow, Inc NOW $138.43 $43.73 −68%
Cadence Design Systems, Inc CDNS $340.39 $112.57 −67%
Snowflake Inc SNOW $329.11 $42.27 −87%
Adobe Inc ADBE $289.15 $454.04 +57%
Automatic Data Processing, Inc ADP $284.68 $177.51 −38%
Intuit Inc INTU $348.00 $363.46 +4%

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Frequently asked questions

Is Kaltura Inc (KLTR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $1.07 versus a price of $1.58, about −32% upside (overvalued).
What is the fair value of KLTR?
Our model-based fair value for Kaltura Inc is $1.07 (as of Aug 13, 2026), built from audited fundamentals. The current price: $1.58.
What is the quality score of KLTR?
Kaltura Inc has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kaltura Inc (KLTR)?
Kaltura Inc reported trailing-twelve-month revenue of about $178M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KLTR?
The net profit margin of Kaltura Inc is about −8.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
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