Kaltura stock just ripped 35% in a single session, yet the headline story is not about a sudden return to profit. The company is still reporting a loss, with Q2 net income excluding extra items at US$5.5 million in the red. What lit the fire under the share price is a software as a service style profile that now pairs mid single digit revenue growth with a sharp jump in adjusted EBITDA to US$5.9 million and record non GAAP gross margin of 75%.

Is Kaltura now a genuine bargain on 1.6x P/S, or is the market simply discounting three more years of forecast losses and modest 3.8% revenue growth too heavily? See how those trade offs line up in our valuation analysis for Kaltura

Q2 2026 Earnings Summary

• Revenue, Q2 2026 vs. Q2 2025: US$46.894…