Kaltura Inc.

Software - Application • Technology • New York, NY, United States • KLTR (NMS)

646 290 5445 860 Broadway, New York, NY 10003, United States

Quarter: Q4 2025 Reported: October 6, 2025 Sentiment: Neutral

Kaltura, Inc. 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). It offers video products, such as virtual and hybrid events, webinars, video portals, online learning, and content portals for training, marketing, virtual and hybrid events, communication, collaboration, sales, and customer care; and education solutions, such as learning management system video and lecture capture solutions. The company provides online video experiences, including for over-the-top (OTT) television, cloud TV, web video publishing, video-based teaching, learning, training, video-based marketing, and video-based collaboration. In addition, it offers application programming interfaces (APIs), software development kits, and experience components, including live, real-time and on-demand video, ingestion, transcoding, enrichment, management, distribution, engagement, monetization, and deep viewer analytics, as well as video player, video editor, video capture tool, and chat and networking widgets. The company serves a range of industries, including financial services, high technology, healthcare and pharmaceuticals, education, public sector, media, telecommunications, information technology (IT) and professional services, retail, and manufacturing. The company was incorporated in 2006 and is headquartered in New York, New York.

Analysis Summary

Kaltura Inc. (KLTR) filed an 8-K on October 6, 2025, detailing the upcoming departure of its Chief Financial Officer, John Doherty. Mr. Doherty will resign from his position, effective December 5, 2025, to pursue a CFO role at a medical technology company. The company has outlined a structured transition plan, including retaining an external search firm to identify a successor and securing Mr. Doherty's commitment to serve as an advisor through March 31, 2026, to facilitate a smooth handover of financial and accounting responsibilities. His separation agreement includes continued salary and benefits until the separation date, eligibility for a $150,000 portion of his 2025 annual cash bonus, and a consultancy fee of $10,000 per month during his advisory period.

Crucially, Kaltura also reaffirmed its financial guidance for the third quarter of 2025, as initially provided in its Q2 2025 earnings release on August 7, 2025. This reaffirmation, despite the executive change, suggests that the company's operational performance and financial outlook for Q3 remain consistent with prior expectations. This report does not contain specific financial results for Q4 2025, nor does it provide detailed revenue, earnings per share, or growth rate figures. The focus is primarily on the executive transition and the stability indicated by the guidance reaffirmation. The company highlighted standard forward-looking statement disclaimers, referencing risk factors from its Annual Report on Form 10-K for fiscal year 2024 and Quarterly Report on Form 10-Q for Q2 2025.

Key Highlights

• CFO John Doherty announced resignation, effective December 5, 2025.
• Doherty will transition to a CFO role at a medical technology company.
• Kaltura has retained an external search firm for a successor CFO.
• Doherty will serve as an advisor until March 31, 2026, to ensure a smooth transition.
• Company reaffirmed its financial guidance for the third quarter of 2025.
• Separation agreement includes continued salary, benefits, equity vesting, and a $150,000 bonus portion.
• Consultancy agreement provides $10,000 per month for advisory services post-separation.

Financial Metrics

eps

revenue

guidance

net income

Stock Performance (90 Days)

Data through Dec 29, 2025

Positive Signals

• Reaffirmation of Q3 2025 financial guidance indicates stable performance expectations.
• Structured CFO transition plan with an advisory role ensures continuity.
• Active search for a successor CFO is underway with an external firm.
• Detailed separation and consultancy agreements provide clarity and support for the transition.

Risks & Concerns

— Potential disruption or uncertainty during the CFO transition period.
— Challenges in finding a suitable and timely replacement for the CFO role.
— General risks outlined in the company's Annual Report on Form 10-K for fiscal year 2024 and Quarterly Report on Form 10-Q for Q2 2025.
— Impact of executive departures on investor confidence or operational stability.