Kaltura, Inc. Financial Ratios — 73Q Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-106.51	-125.88	-114.48	-78.6
Return on Assets (%)	- -	-71.76	-37.77	-31.9	-23.78	-17.16	-6.98
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	63.41	60.42	62.24	63.35	64.07	66.65	70.59
EBITDA Margin (%)	1.76	-0.67	-18.34	-31.79	-19.37	-10.65	-0.25
Operating Margin (%)	-2.85	-7.05	-19.8	-32.66	-21.51	-13.48	-2.01
Incremental Operating Margin (%)	- -	- -	- -	- -	274.47	383.16	957.74
Pretax Margin (%)	-14.35	-45.84	-31.99	-35.91	-21.38	-13.24	-4.98
Profit Margin (%)	-16	-48.79	-35.97	-40.57	-26.47	-17.52	-6.67
Net Income to Common Margin (%)	-26.01	-58.7	-40.96	-40.57	-26.47	-17.52	-6.67
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	38.5	16.88	12.19	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-106.51	-125.88	-114.48	-78.6

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	52	50	39	59	55	50	46
ST Debt	22	3	3	8	4	6	32
LT Debt	30	47	36	51	51	44	14
Total Debt/EBITDA	30.28	-61.45	-1.28	-1.1	-1.62	-2.63	-100.73
Net Debt/EBITDA	12.37	-25.18	3.48	0.16	0.06	0.04	-3.29
Total Debt/EBIT	-18.64	-5.88	-1.18	-1.04	-1.42	-2.08	-9.34
Net Debt/EBIT	-7.61	-2.41	3.22	0.16	0.05	0.03	-0.31
EBITDA to Interest Expense	0.4	-0.02	-1.51	-23.33	-10.68	-7.1	-0.21
EBITDA-CapEx/Interest Expense	-0.18	-0.04	-1.61	-23.85	-11.5	-7.29	-0.5
EBIT to Interest Expense	-0.65	-0.17	-1.63	-23.96	-11.86	-8.99	-1.62
Interest Expense	4	51	20	2	3	3	2
Common Equity/Total Assets	-288.78	-286.58	38.19	21.02	16.5	13.45	3.84
Long-Term Debt/Equity (%)	- -	- -	41.98	116.97	167.69	182.13	227.38
Long-Term Debt/Capital (%)	-2,967.69	-93.12	28.9	49.61	59.71	59.69	27.34
Long-Term Debt/Total Assets (%)	41.12	51.85	16.03	24.59	27.67	24.5	8.74
Total Debt/Equity (%)	-98.09	-49.63	45.25	135.77	180.83	205.15	731.74
Total Debt/Capital (%)	-5,133.89	-98.52	31.15	57.59	64.39	67.23	87.98
Total Debt/Total Assets (%)	71.14	54.86	17.28	28.54	29.84	27.59	28.13
Net Debt to Equity	-40.07	-20.34	-123.55	-20.37	-6.68	-3.26	23.91
Net Debt/Capital (%)	-76.82	-26.1	524.54	-15.33	-4.18	-1.92	6.02
EBITDA	2	-1	-30	-54	-34	-19	- -
EBITDA-CapEx	-1	-2	-32	-55	-37	-20	-1
Operating Income (Loss)	-3	-8	-33	-55	-38	-24	-4

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.35	0.33	1.47	0.79	0.69	0.8	0.41
Current Ratio	0.56	0.64	1.79	1.22	1.12	1.2	0.72
Quick Ratio	0.49	0.54	1.65	1.05	0.93	1	0.54
CFO/Avg Current Liab	- -	0.07	-0.24	-0.45	-0.08	0.12	0.13
Common Equity/Total Assets	-288.78	-286.58	38.19	21.02	16.5	13.45	3.84
Long-Term Debt/Equity (%)	- -	- -	41.98	116.97	167.69	182.13	227.38
Long-Term Debt/Capital (%)	-2,967.69	-93.12	28.9	49.61	59.71	59.69	27.34
Long-Term Debt/Total Assets (%)	41.12	51.85	16.03	24.59	27.67	24.5	8.74
Total Debt/Equity (%)	-98.09	-49.63	45.25	135.77	180.83	205.15	731.74
Total Debt/Capital (%)	-5,133.89	-98.52	31.15	57.59	64.39	67.23	87.98
Total Debt/Total Assets (%)	71.14	54.86	17.28	28.54	29.84	27.59	28.13
CFO/Total Liabilities	0.29	3.03	-16.02	-28.76	-5.41	7.8	9.18
CFO/CapEx	0.15	4.53	-10.94	-38.45	-3.18	23.48	22
Altman's Z-Score	- -	- -	- -	-1.91	-2.09	-1.98	-3.12

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	8.61	9.53	7.29	6.72	8.26	9.95
Days Sales Outstanding	- -	42.37	38.31	50.05	54.28	44.21	36.67
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	226	280	302	231
- Cash & Cash Equivalents	27	28	144	45	37	33	28
+ Preferred Equity and Hybrid Capital	157	160	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	52	50	39	59	55	50	46
Enterprise Value	- -	- -	- -	199	266	271	225
Total Capital	-1	-51	124	102	85	74	53
Total Debt/Capital (%)	-5,133.89	-98.52	31.15	57.59	64.39	67.23	87.98
Total Debt / EV	- -	- -	- -	0.3	0.21	0.18	0.21
EV/Sales	- -	- -	- -	1.18	1.52	1.52	1.25
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	219	272	294	239
Diluted Enterprise Value	- -	- -	- -	192	257	263	233
EV per Share	- -	- -	- -	1.48	1.86	1.78	1.53
TTM Sales	97	120	165	169	175	179	181
TTM EBITDA	2	-1	-30	-54	-34	-19	- -
TTM Operating Income	-3	-8	-33	-55	-38	-24	-4
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	-4.56	-24.9	25.11	17.22
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	199	266	271	225
Low Price	- -	- -	- -	1.4	1.6	0.83	1.31
EV/Sales	- -	- -	- -	1.18	1.52	1.52	1.25
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	5.22	9.24	12.4	36.46
Price/Book Value Average	- -	- -	- -	6.04	8.89	8.89	43.76
Price/Book Value High	- -	- -	- -	8.42	10.46	17.03	65.45
Price/Book Value Low	- -	- -	- -	4.35	7.5	5.2	30.65
Price/Tangible Book Value	- -	- -	- -	7.29	15.09	23.07	-10.88
Price/Tangible Book Value Average	- -	- -	- -	8.43	14.52	16.54	-13.06
Price/Tangible Book Value High	- -	- -	- -	11.76	17.08	31.69	-19.53
Price/Tangible Book Value Low	- -	- -	- -	6.07	12.25	9.68	-9.14
Price/Sales	- -	- -	- -	1.3	1.55	1.65	1.32
Price/Sales Average	- -	- -	- -	1.5	1.49	1.18	1.59
Price/Sales High	- -	- -	- -	2.09	1.76	2.26	2.37
Price/Sales Low	- -	- -	- -	1.08	1.26	0.69	1.11
Price/Cash Flow	- -	- -	- -	-4.68	-32.71	24.04	16.43
Price/Cash Flow Average	- -	- -	- -	-5.41	-31.47	17.24	19.72
Price/Cash Flow High	- -	- -	- -	-7.55	-37.03	33.03	29.49
Price/Cash Flow Low	- -	- -	- -	-3.9	-26.56	10.09	13.81
Price/Free Cash Flow Average	- -	- -	- -	-5.28	-23.95	18	20.66
Price/Free Cash Flow High	- -	- -	- -	-7.36	-28.18	34.5	30.9
Price/Free Cash Flow Low	- -	- -	- -	-3.8	-20.21	10.54	14.47
EV/Sales Average	- -	- -	- -	1.39	1.46	1.04	1.5
EV/Sales High	- -	- -	- -	2	1.73	2.15	2.26
EV/Sales Low	- -	- -	- -	0.96	1.22	0.53	1.04
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	1.68	1.96	1.99	1.56
High Price	- -	- -	- -	2.71	2.22	2.73	2.8
Enterprise Value Average	- -	- -	- -	235	255	185	272
Enterprise Value High	- -	- -	- -	338	303	384	409
Enterprise Value Low	- -	- -	- -	161	213	96	189

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	123	123	127	135	143	152	148
Diluted Weighted Avg Shares	109	123	71	130	138	148	153
Basic Weighted Avg Shares	109	123	71	130	138	148	153
Revenue per Share	0.89	0.98	2.32	1.29	1.27	1.21	1.18
EBITDA per Share	0.02	-0.01	-0.43	-0.41	-0.25	-0.13	- -
Operating Income per Share	-0.03	-0.07	-0.46	-0.42	-0.27	-0.16	-0.02
Basic EPS, GAAP	-0.23	-0.57	-0.95	-0.53	-0.34	-0.21	-0.08
Basic EPS from Cont Ops	-0.14	-0.48	-0.84	-0.53	-0.34	-0.21	-0.08
Diluted EPS, GAAP	-0.23	-0.57	-0.95	-0.53	-0.34	-0.21	-0.08
Diluted EPS from Cont Ops	-0.14	-0.48	-0.84	-0.53	-0.34	-0.21	-0.08
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	0.05	-0.31	-0.36	-0.06	0.08	0.1
Free Cash Flow per Basic Share	-0.02	0.04	-0.34	-0.37	-0.08	0.08	0.09
Cash & Equivalents per Share	0.22	0.23	1.13	0.64	0.49	0.53	0.35
Book Value per Share	-1.71	-2.12	0.67	0.32	0.21	0.16	0.04
Tangible Book Value per Share	-1.79	-2.23	0.57	0.23	0.13	0.09	-0.14