Kalray Reports Positive 2025 Half-Year Results

Kalray has announced its half-year results for 2025, highlighting a significant turnaround with a positive EBITDA and free cash flow. Revenue for the first half stood at €7.9 million, reflecting the disposal of the "Data Acceleration Platform" business. Despite a drop in revenue, the gross margin improved to 87% compared to 54% in the previous year.

The company's strategic refocusing has led to reduced operating expenses and a decrease in its workforce from 230 to 128 employees. As a result, Kalray achieved a positive EBITDA of €253,000, marking a first for the company.

Moreover, an industrial cooperation with Openchip has commenced, paving the way for new commercial opportunities in DPU development for AI. While net profit remains negative at (€2.1 million), it's a marked improvement from the previous year's (€11.4 million). Kalray reiterates its goal to achieve strong profitability in 2025.