Overview
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- TickerAPI on Nasdaq1
- IndustryServices-Prepackaged Software1
- HeadquartersE91
- Websitewww.agora.io/en
- Incorporated inCayman Islands5
- Business address2804 Mission College Blvd,, Santa Clara, Ca 950545
- Filer categoryAccelerated filer5
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
66.4%Gross margin4
-6.7%Operating margin4
6.8%Net margin4
5.9%Revenue growth, 20254
1.7%Return on equity4
0.14×Debt to equity4
$25.5MFree cash flow4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Service brought in 98% of the revenue Agora, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Service | $133.1M | $127.6M | $138.0M |
| Product and Service, Other | $8.4M | $5.6M | $3.1M |
Regions
China brought in 47% of the revenue Agora, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| China | $79.2M | $68.6M | $66.0M |
| Other Countries | $39.5M | $40.6M | $46.8M |
| United States | $22.8M | $24.1M | $28.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue34¢$47.4M
- Research and development39¢$55.5M
- Other costs20¢$28.3M
- Interest0¢$36.0K
- Income tax0¢$323.0K
- Profit7¢$9.5M
Out of $141.1M in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Capital spending6¢$1.7M
- Kept or used elsewhere94¢$25.5M
Out of $27.2M of cash from operations.4
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $141.1M | $133.3M | $141.5M |
| Cost of revenues | -$47.4M | -$47.8M | -$52.1M |
| Gross profit | $93.7M | $85.4M | $89.5M |
| Research and development expenses | -$55.5M | -$80.3M | -$77.7M |
| Sales and marketing expenses | -$26.4M | -$27.2M | -$34.0M |
| General and administrative expenses | -$22.7M | -$32.8M | -$35.0M |
| Total operating expenses | -$104.5M | -$140.3M | -$146.6M |
| Other operating income | $1.4M | $1.6M | $1.7M |
| Impairment of goodwill | -$31.9M | ||
| Loss from operations | -$9.4M | -$53.3M | -$87.3M |
| Exchange (loss) gain | $1.6M | $168.0K | -$151.0K |
| Interest income | $15.1M | $16.9M | $18.8M |
| Interest expense | -$36.0K | -$253.0K | -$20.0K |
| Losses from extinguishment of convertible note | -$1.2M | ||
| Investment (loss) income | $1.5M | -$3.3M | -$18.5M |
| Other income | $1.2M | $793.0K | $1.6M |
| (Loss) income before income taxes | $9.9M | -$39.0M | -$86.8M |
| Income taxes | -$323.0K | -$258.0K | -$422.0K |
| Equity in loss of affiliates | -$32.0K | -$3.5M | -$31.0K |
| Net (loss) income attributable to Agora, Inc.'s ordinary shareholders | $9.5M | -$42.7M | -$87.2M |
| Foreign currency translation adjustments | $2.3M | -$2.2M | -$3.4M |
| Unrealized gain on debt securities | $1.4M | ||
| Total comprehensive (loss) income attributable to Agora, Inc.'s ordinary shareholders | $11.8M | -$45.0M | -$89.3M |
| Net (loss) income per share attributable to Agora, Inc.'s ordinary shareholders-basic | $0.03 | -$0.11 | -$0.22 |
| Net (loss) income per share attributable to Agora, Inc.'s ordinary shareholders-diluted | $0.02 | -$0.11 | -$0.22 |
| Weighted average number of ordinary shares-basic | 367.9M shares | 373.1M shares | 398.4M shares |
| Weighted average number of ordinary shares-diluted | 395.4M shares | 373.1M shares | 398.4M shares |
| Share-based compensation | $5.6M | $22.7M | $24.6M |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2025-06-30 | 2024-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $75.4M | $27.1M | |
| Short-term bank deposits | $84.5M | $168.3M | |
| Short-term financial products issued by banks | $55.0M | $71.5M | |
| Short-term investments | $4.6M | $2.8M | |
| Accounts receivable, net | $24.9M | $31.0M | |
| Prepayments and other current assets | $14.6M | $22.6M | |
| Contract assets | $123.0K | $1.1M | |
| Restricted cash | $200.0K | $3.7M | |
| Held-for-sale assets | $831.0K | ||
| Total current assets | $260.1M | $328.1M | |
| Property and equipment, net | $3.9M | $4.7M | |
| Construction in progress in relation to the headquarters project | $84.2M | $44.5M | |
| Operating lease right-of-use assets | $2.1M | $3.9M | |
| Intangible assets | $96.0K | $611.0K | |
| Long-term bank deposits | $160.0M | $35.5M | |
| Long-term financial products issued by banks | $0 | $61.4M | |
| Long-term investments | $29.2M | $7.3M | $40.7M |
| Land use right, net | $161.6M | $161.4M | |
| Other non-current assets | $19.8M | $19.0M | |
| Total non-current assets | $461.0M | $371.6M | |
| Total assets | $721.1M | $699.7M | |
| Accounts payable | $9.6M | $13.0M | |
| Advances from customers | $7.9M | $8.7M | |
| Taxes payable | $696.0K | $2.2M | |
| Current operating lease liabilities | $1.5M | $1.7M | |
| Payables for construction cost | $16.6M | $12.8M | |
| Accrued expenses and other current liabilities | $20.4M | $19.8M | |
| Total current liabilities | $56.8M | $58.3M | |
| Long term payable | $3.0K | $1.0K | |
| Long-term operating lease liabilities | $399.0K | $1.9M | |
| Deferred tax liabilities | $12.0K | $92.0K | |
| Long-term borrowings in relation to the headquarters project | $80.4M | $46.5M | |
| Advance in relation to the headquarters project | $20.6M | $20.2M | |
| Total non-current liabilities | $101.5M | $68.7M | |
| Total liabilities | $158.3M | $127.0M | |
| Additional paid-in-capital | $1.1B | $1.1B | |
| Treasury shares at cost | -$95.2M | -$72.7M | |
| Accumulated other comprehensive loss | -$10.0M | -$12.3M | |
| Accumulated deficit | -$477.1M | -$486.6M | |
| Total shareholders' equity | $562.8M | $572.7M | |
| Total liabilities, and shareholders' equity | $721.1M | $699.7M | |
| Common stock shares issued | 470.6M shares | 468.6M shares | |
| Common stock shares outstanding | 349.3M shares | 373.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | $9.5M | -$42.7M | -$87.2M |
| Share-based compensation expense | $5.6M | $22.7M | $24.6M |
| Allowance for current expected credit losses | $4.0M | $8.7M | $7.0M |
| Depreciation of property and equipment | $2.0M | $3.5M | $7.1M |
| Amortization of intangible assets | $515.0K | $663.0K | $1.4M |
| Amortization of land use right | $3.4M | $3.4M | $3.2M |
| Deferred tax benefit | -$81.0K | -$102.0K | -$212.0K |
| Amortization of right-of-use asset | $2.1M | $2.6M | $2.9M |
| Interest income on debt securities | $0 | -$105.0K | |
| Loss from equity in affiliates | $32.0K | $3.5M | $31.0K |
| Losses from extinguishment of convertible note | $1.2M | ||
| Investment loss (income) | -$1.5M | $3.3M | $18.5M |
| Impairment of goodwill | $31.9M | ||
| Return on investment from equity affiliates | $21.0K | ||
| (Gain) loss on disposal of property and equipment | $8.0K | -$9.0K | -$11.0K |
| Accounts receivable | $2.4M | -$5.0M | -$9.1M |
| Contract assets | $978.0K | -$67.0K | -$522.0K |
| Prepayments and other current assets | $7.6M | -$13.9M | -$1.8M |
| Other non-current assets | -$2.7M | $5.9M | -$7.3M |
| Accounts payable | -$3.1M | -$248.0K | $3.2M |
| Advances from customers | -$970.0K | $1.1M | -$483.0K |
| Taxes payable | -$1.5M | $1.3M | -$1.2M |
| Operating lease liabilities | -$2.2M | -$2.9M | -$2.6M |
| Deferred income | $252.0K | $62.0K | -$160.0K |
| Accrued expenses and other liabilities | $858.0K | -$5.9M | -$4.1M |
| Net cash (used in) provided by operating activities | $27.2M | -$14.1M | -$13.6M |
| Purchase of short-term bank deposits | -$61.0M | -$68.3M | -$219.4M |
| Purchase of short-term financial products issued by banks | -$65.3M | -$70.4M | -$29.9M |
| Purchase of short-term investments | $0 | -$791.0K | |
| Proceeds from maturity of short-term bank deposits | $204.3M | $130.0M | $467.1M |
| Proceeds from maturity of short-term financial products issued by banks | $144.9M | $105.4M | $17.5M |
| Proceeds from sale of short-term investments | $514.0K | $235.0K | |
| Proceeds from dividends of short-term investments | $110.0K | ||
| Purchase of long-term bank deposits | -$184.0M | -$35.5M | -$143.1M |
| Purchase of long-term financial products issued by banks | -$61.4M | -$20.0M | |
| Purchase of long-term investments | -$562.0K | -$15.0K | |
| Purchase of property and equipment | -$1.7M | -$2.5M | -$924.0K |
| Purchase of land use right | -$5.1M | ||
| Purchase of construction in progress for the headquarters project | -$31.9M | -$35.2M | -$10.8M |
| Cash paid for an acquisition | -$3.7M | ||
| Disposal of property and equipment | $41.0K | $93.0K | $92.0K |
| Cash received from business disposal | $7.3M | $5.8M | |
| Cash received from disposal of long-term investments | $155.0K | ||
| Return of investment from equity affiliates | $8.0K | ||
| Net cash provided by (used in) investing activities | $13.3M | -$38.0M | $56.6M |
| Proceeds from long-term borrowings for the headquarters project | $32.4M | $35.8M | $10.9M |
| Proceeds from exercise of employees' share options | $609.0K | $853.0K | $634.0K |
| Payment of financing cost | -$273.0K | ||
| Deposit received in relation to the headquarters project | $20.4M | ||
| Deposits returned for business disposal | -$1.0M | ||
| Net cash (used in) provided by financing activities | $5.0M | $46.0M | -$52.4M |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | -$721.0K | -$162.0K | -$804.0K |
| Net (decrease) increase in cash, cash equivalents and restricted cash | $44.8M | -$6.3M | -$10.1M |
| Income taxes paid | $233.0K | $185.0K | $152.0K |
| Cash paid for fixed operating lease costs included in the measurement of lease obligations in operating activities | $2.2M | $2.9M | $2.6M |
| Right-of-use assets obtained in exchange for operating lease obligations | $90.0K | $2.3M | $4.6M |
| Payables for property and equipment | $31.0K | $398.0K | $12.0K |
| Payables for financing cost | $1.8M | ||
| Proceeds receivable from exercise of employees' share options | $35.0K | $417.0K | $116.0K |
| Payables for treasury shares, at cost | $326.0K | $83.0K | $210.0K |
| Payables for construction in progress for the headquarters project | $16.6M | $12.8M | $7.1M |
| Settlement of compensation costs in relation to an acquisition with shares | $1.8M |
Recent filings
- Oct 13, 20264
- Oct 2, 20264
- Sep 8, 20264
- Aug 14, 20266-K
- Aug 3, 20264
- Jul 2, 20264
- Jun 10, 20263/A
- Jun 2, 20264
- Jun 1, 20266-K
- May 28, 20266-K
- May 15, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- May 6, 20264
- Apr 15, 202620-F
- Apr 1, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.agora.io/en1
- WikidataQ106309492
- SEC EDGARCIK 1802883
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAgora, Inc. on Wikidata
- 2SEC EDGARAgora, Inc. filings on SEC EDGAR
- 3Company websiteAgora, Inc. logo
- 4SEC EDGARAgora, Inc. 10-K for fiscal 2025
- 5SEC EDGARAgora, Inc. filings on SEC EDGAR
- 6SEC EDGARAgora, Inc. 10-K for fiscal 2018
- 7SEC EDGARAgora, Inc. 10-K for fiscal 2019
- 8SEC EDGARAgora, Inc. 10-K for fiscal 2020
- 9SEC EDGARAgora, Inc. 10-K for fiscal 2021
- 10SEC EDGARAgora, Inc. 10-K for fiscal 2022