Kaltura filed a Form 8-K reporting fourth-quarter and full-year 2025 results, with Q4 total revenue of USD 45.5 million and adjusted EBITDA of USD 6.3 million. For FY 2025, total revenue was USD 180.9 million, up 1% year over year, and adjusted EBITDA was USD 18.6 million, up more than 150% year over year. Annualized recurring revenue $(ARR)$ was USD 168.2 million, down 3% year over year. The company said it closed the acquisition of eSelf.ai and signed a definitive agreement to acquire PathFactory for about USD 22 million in cash, with the transaction expected to close in Q2 2026. For FY 2026, Kaltura forecast total revenue of USD 181.2 million to USD 184.2 million and adjusted EBITDA of USD 12.7 million to USD 14.7 million.
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