Agora, Inc. (API) 10-Year Financial Performance & Capital Metrics

API • • Industrial / General

TechnologyApplication SoftwareDigital Media & Entertainment SoftwareStreaming & Content Delivery

AboutAgora, Inc. provides Real-Time Engagement Platform-as-a-Service (RTE-PaaS) in the People's Republic of China, the United States, and internationally. The company RTE-PaaS offers developers with software tools to embed real-time video, voice, and messaging functionalities into applications. Its products include video calling, voice calling, interactive live streaming, chat, signaling. Acceleration products; and extensions, which comprise interactive whiteboard, recording, analytics, and extensions marketplace products to enable developers to launch RTE in specific use cases and verticals. The company also provides Flexible Classroom that offers a low-code application Platform as a Service; and App Builder, no-code application platform. Its real-time engagement products are delivered through its Software-Defined Real-Time Network, which is a virtual network overlay on top of the public internet. The company serves social, entertainment, gaming, education, enterprise solutions, e-commerce, financial services, healthcare, and IoT industries. Agora, Inc. was incorporated in 2013 and is headquartered in Shanghai, the People's Republic of China.Show more

Revenue $133M -5.9%
EBITDA -$46M +42.0%
Net Income -$43M +51.0%
EPS (Diluted) -0.46 +47.7%
Gross Margin 64.12% +1.4%
EBITDA Margin -34.34% +38.3%
Operating Margin -40.01% +35.2%
Net Margin -32.06% +48.0%
ROE -7.26% +44.5%
ROIC -6.78% +34.3%
Debt/Equity 0.09 +248.4%
Interest Coverage -210.72 +95.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 81 (top 19%)
✓Strong 5Y sales CAGR of 15.6%
✓Share count reduced 6.3% through buybacks
✓Trading at only 0.7x book value

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y15.64%

3Y-7.43%

TTM1.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM110.49%

EPS CAGR

10Y-

5Y-

3Y-

TTM109.94%

ROCE

10Y Avg-7.56%

5Y Avg-9.56%

3Y Avg-11.97%

Latest-8.47%

Peer Comparison

Streaming & Content Delivery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SRADSportradar Group AG	4.35B	20.00	200	26.09%	7.72%	9.63%	2.88%	0.05
VMEOVimeo, Inc.	1.24B	7.85	49.06	-0.05%	1%	1.05%	4.57%	0.03
ZMZoom Communications, Inc.	22.09B	83.19	25.92	3.05%	33.17%	17.16%	8.19%	0.01
YALAYalla Group Limited	909.69M	6.85	9.26	6.52%	42.29%	18.98%	18.9%	0.00
AUUDAuddia Inc.	2.98M	0.96	-0.02			-189.89%		0.02
OBLGOblong, Inc.	6.93M	2.16	-0.14	-37.59%	-187.17%	-45.31%
GITSGlobal Interactive Technologies, Inc.	2.94M	0.80	-0.34			-100.31%		0.06
VSVersus Systems Inc.	6.32M	1.29	-0.58	-77.08%	-57.95%	-40.44%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	43.66M	64.43M	133.56M	167.98M	160.67M	141.54M	133.26M
Revenue Growth %	-	0.48%	1.07%	0.26%	-0.04%	-0.12%	-0.06%
Cost of Goods Sold+	12.63M	20.42M	47.2M	63.98M	61.25M	52.06M	47.81M
COGS % of Revenue	0.29%	0.32%	0.35%	0.38%	0.38%	0.37%	0.36%
Gross Profit+	31.02M	44.01M	86.36M	104.01M	99.42M	89.47M	85.45M
Gross Margin %	0.71%	0.68%	0.65%	0.62%	0.62%	0.63%	0.64%
Gross Profit Growth %	-	0.42%	0.96%	0.2%	-0.04%	-0.1%	-0.05%
Operating Expenses+	30.76M	50.1M	91.56M	184.7M	215.19M	176.8M	138.76M
OpEx % of Revenue	0.7%	0.78%	0.69%	1.1%	1.34%	1.25%	1.04%
Selling, General & Admin	17.36M	26.59M	43.73M	76.6M	92.44M	68.93M	59.99M
SG&A % of Revenue	0.4%	0.41%	0.33%	0.46%	0.58%	0.49%	0.45%
Research & Development	14.43M	23.62M	49.49M	110.67M	114.5M	77.67M	80.34M
R&D % of Revenue	0.33%	0.37%	0.37%	0.66%	0.71%	0.55%	0.6%
Other Operating Expenses	-1.03M	-107.85K	-1.67M	-2.57M	8.24M	30.2M	-1.58M
Operating Income+	262.57K	-6.09M	-5.19M	-80.69M	-115.76M	-87.32M	-53.31M
Operating Margin %	0.01%	-0.09%	-0.04%	-0.48%	-0.72%	-0.62%	-0.4%
Operating Income Growth %	-	-24.19%	0.15%	-14.54%	-0.43%	0.25%	0.39%
EBITDA+	1.18M	-4.22M	-729.47K	-70.48M	-99.88M	-78.84M	-45.77M
EBITDA Margin %	0.03%	-0.07%	-0.01%	-0.42%	-0.62%	-0.56%	-0.34%
EBITDA Growth %	-	-4.56%	0.83%	-95.62%	-0.42%	0.21%	0.42%
D&A (Non-Cash Add-back)	922.35K	1.87M	4.46M	10.21M	15.89M	8.48M	7.54M
EBIT	262.57K	-6.09M	-5.19M	-71.84M	-119.96M	-86.75M	-38.74M
Net Interest Income+	239.18K	626K	2.7M	8.35M	9.64M	18.82M	16.69M
Interest Income	239.18K	625.97K	2.7M	8.35M	9.64M	18.84M	16.94M
Interest Expense	0	0	0	0	0	20K	253K
Other Income/Expense	218.63K	713K	2.64M	9.18M	-3.95M	527K	10.84M
Pretax Income+	481.19K	-5.38M	-2.55M	-71.52M	-119.72M	-86.8M	-42.47M
Pretax Margin %	0.01%	-0.08%	-0.02%	-0.43%	-0.75%	-0.61%	-0.32%
Income Tax+	105.08K	801.34K	562K	840K	663K	422K	258K
Effective Tax Rate %	0.78%	1.15%	1.22%	1.02%	1.01%	1%	1.01%
Net Income+	376.12K	-6.18M	-3.11M	-72.69M	-120.62M	-87.22M	-42.73M
Net Margin %	0.01%	-0.1%	-0.02%	-0.43%	-0.75%	-0.62%	-0.32%
Net Income Growth %	-	-17.42%	0.5%	-22.34%	-0.66%	0.28%	0.51%
Net Income (Continuing)	376.12K	-6.18M	-3.12M	-72.36M	-120.38M	-87.22M	-42.73M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	0.00	-0.06	-0.03	-0.64	-1.08	-0.88	-0.46
EPS Growth %	-	-	0.51%	-20.33%	-0.69%	0.19%	0.48%
EPS (Basic)	0.00	-0.06	-0.03	-0.64	-1.08	-0.88	-0.44
Diluted Shares Outstanding	101.85M	101.85M	103.75M	110.22M	111.61M	99.6M	93.28M
Basic Shares Outstanding	101.85M	101.85M	103.75M	110.22M	111.61M	99.6M	93.28M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	123.24M	123.23M	670.74M	797.69M	485.48M	261.43M	328.05M
Cash & Short-Term Investments	109.98M	105.6M	635.44M	755.3M	427.71M	216.65M	269.66M
Cash Only	108.52M	105.6M	111.22M	285.67M	45.67M	36.89M	27.08M
Short-Term Investments	1.46M	0	524.22M	469.64M	382.04M	179.76M	242.58M
Accounts Receivable	12.77M	17.02M	27.84M	33.58M	38.55M	40.58M	50.36M
Days Sales Outstanding	106.75	96.44	76.08	72.97	87.58	104.66	137.95
Inventory	347.71K	499.38K	0	0	0	3.3M	0
Days Inventory Outstanding	10.05	8.93	-	-	-	23.16	-
Other Current Assets	151.25K	105.52K	7.46M	9.76M	17.05M	889K	3.75M
Total Non-Current Assets+	4.07M	7.93M	22.17M	147.31M	315.24M	413.17M	371.6M
Property, Plant & Equipment	3.12M	6.28M	16.75M	26.63M	15.29M	26.74M	53.03M
Fixed Asset Turnover	13.97x	10.26x	7.97x	6.31x	10.51x	5.29x	2.51x
Goodwill	0	0	3.09M	56.14M	31.93M	0	0
Intangible Assets	0	0	209K	6.7M	2.73M	168.52M	162.01M
Long-Term Investments	0	0	0	53.92M	94.16M	207.02M	137.61M
Other Non-Current Assets	429.09K	808.86K	1.6M	3.92M	171.13M	181K	18.96M
Total Assets+	127.31M	131.16M	692.9M	945M	800.72M	674.6M	699.65M
Asset Turnover	0.34x	0.49x	0.19x	0.18x	0.20x	0.21x	0.19x
Asset Growth %	-	0.03%	4.28%	0.36%	-0.15%	-0.16%	0.04%
Total Current Liabilities+	11.29M	18.48M	36.31M	73.8M	71.65M	56.89M	58.34M
Accounts Payable	2.77M	4.09M	7.72M	5.31M	10.1M	13M	12.96M
Days Payables Outstanding	79.9	73.09	59.71	30.29	60.21	91.11	98.98
Short-Term Debt	0	0	0	3.96M	1.93M	0	0
Deferred Revenue (Current)	628.95K	920.92K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	1.61M	3.18M	7.89M	21.45M	26.4M	13.93M	30.73M
Current Ratio	10.91x	6.67x	18.47x	10.81x	6.78x	4.60x	5.62x
Quick Ratio	10.88x	6.64x	18.47x	10.81x	6.78x	4.54x	5.62x
Cash Conversion Cycle	36.89	32.28	-	-	-	36.7	-
Total Non-Current Liabilities+	0	0	133.89K	4.93M	802K	12.95M	68.66M
Long-Term Debt	0	0	0	0	0	11.03M	46.47M
Capital Lease Obligations	0	0	0	3.45M	340K	1.73M	1.92M
Deferred Tax Liabilities	0	0	52.32K	988K	407K	196K	0
Other Non-Current Liabilities	0	0	81.57K	495K	55K	3K	20.27M
Total Liabilities	11.29M	18.48M	36.44M	78.74M	72.45M	69.85M	126.99M
Total Debt+	0	0	0	7.41M	2.27M	15.2M	50.14M
Net Debt	-108.52M	-105.6M	-111.22M	-278.26M	-43.4M	-21.69M	23.06M
Debt / Equity	-	-	-	0.01x	0.00x	0.03x	0.09x
Debt / EBITDA	-	-	-	-	-	-	-
Net Debt / EBITDA	-91.58x	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-4366.20x	-210.72x
Total Equity+	116.01M	112.68M	656.46M	866.26M	728.26M	604.75M	572.66M
Equity Growth %	-	-0.03%	4.83%	0.32%	-0.16%	-0.17%	-0.05%
Book Value per Share	1.14	1.11	6.33	7.86	6.53	6.07	6.14
Total Shareholders' Equity	116.01M	112.68M	656.46M	866.26M	728.26M	604.75M	572.66M
Common Stock	11.24K	11.91K	41K	45K	47K	47K	47K
Retained Earnings	-72.62M	-126.32M	-163.95M	-236.3M	-356.68M	-443.9M	-486.63M
Treasury Stock	0	0	0	0	-41.81M	-79.72M	-72.74M
Accumulated OCI	-630.33K	-988.42K	1.94M	3.15M	-7.99M	-10.03M	-12.26M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	536.1K	706.42K	6.56M	-20M	-44.38M	-13.61M	-14.13M
Operating CF Margin %	0.01%	0.01%	0.05%	-0.12%	-0.28%	-0.1%	-0.11%
Operating CF Growth %	-	0.32%	8.29%	-4.05%	-1.22%	0.69%	-0.04%
Net Income	376.12K	-6.18M	-3.11M	-72.36M	-120.38M	-87.22M	-42.73M
Depreciation & Amortization	922.35K	1.87M	4.46M	13.94M	15.88M	14.58M	10.12M
Stock-Based Compensation	2.85M	3.41M	11.97M	31.48M	32.36M	24.61M	22.74M
Deferred Taxes	-358.07K	-336.46K	-336.46M	238K	-336K	-212K	0
Other Non-Cash Items	9.5M	336.46K	336.46M	1.4M	25.29M	58.69M	17.64M
Working Capital Changes	-3.61M	1.61M	-6.76M	5.3M	2.8M	-24.06M	-21.89M
Change in Receivables	-5.61M	-4.81M	-9.79M	-3.69M	-8.03M	-9.1M	-5.11M
Change in Inventory	1.26M	5.33M	565K	8.95M	0	0	0
Change in Payables	806.51K	1.12M	1.75M	-734K	5.53M	3.25M	0
Cash from Investing+	-3.77M	-3.35M	-535.05M	-57.69M	-151.06M	56.64M	-38.05M
Capital Expenditures	-2.26M	-4.8M	-12.88M	-12.47M	-209.87M	-11.72M	-37.79M
CapEx % of Revenue	0.05%	0.07%	0.1%	0.07%	1.31%	0.08%	0.28%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-1.51M	1.45M	-99.01B	-50.49M	34.16M	-5.04M	238.44M
Cash from Financing+	65.77M	0	533.64M	251.94M	-42.15M	-52.37M	45.99M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	0	0	10K	1.99M	-15K	-366K	21.26M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-1.72M	-4.1M	-6.31M	-32.47M	-254.25M	-30.46M	-49.38M
FCF Margin %	-0.04%	-0.06%	-0.05%	-0.19%	-1.58%	-0.22%	-0.37%
FCF Growth %	-	-1.37%	-0.54%	-4.14%	-6.83%	0.88%	-0.62%
FCF per Share	-0.02	-0.04	-0.06	-0.29	-2.28	-0.31	-0.53
FCF Conversion (FCF/Net Income)	1.43x	-0.11x	-2.11x	0.28x	0.37x	0.16x	0.33x
Interest Paid	0	0	0	0	0	24K	0
Taxes Paid	421.56K	411K	742K	966K	55K	152K	185K

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.32%	-5.4%	-0.81%	-9.55%	-15.13%	-13.09%	-7.26%
Return on Invested Capital (ROIC)	2.63%	-62.69%	-1.41%	-10.68%	-13.64%	-10.33%	-6.78%
Gross Margin	71.06%	68.31%	64.66%	61.92%	61.88%	63.22%	64.12%
Net Margin	0.86%	-9.59%	-2.33%	-43.27%	-75.08%	-61.62%	-32.06%
Debt / Equity	-	-	-	0.01x	0.00x	0.03x	0.09x
Interest Coverage	-	-	-	-	-	-4366.20x	-210.72x
FCF Conversion	1.43x	-0.11x	-2.11x	0.28x	0.37x	0.16x	0.33x
Revenue Growth	-	47.58%	107.31%	25.77%	-4.35%	-11.91%	-5.85%

Revenue by Segment

	2020	2021	2022	2023	2024
Service	131.15M	159.94M	152.89M	133.1M	127.62M
Service Growth	-	21.96%	-4.41%	-12.94%	-4.11%
Product and Service, Other	2.42M	8.04M	7.78M	8.44M	5.63M
Product and Service, Other Growth	-	232.79%	-3.17%	8.43%	-33.27%

Revenue by Geography

	2020	2021	2022	2023	2024
CHINA	107.09M	117.94M	91.67M	79.19M	68.59M
CHINA Growth	-	10.13%	-22.28%	-13.61%	-13.39%
Other Countries	-	32.76M	46.26M	39.5M	40.56M
Other Countries Growth	-	-	41.23%	-14.63%	2.69%
UNITED STATES	-	17.28M	22.74M	22.85M	24.11M
UNITED STATES Growth	-	-	31.57%	0.50%	5.50%

Frequently Asked Questions

Growth & Financials

Agora, Inc. (API) reported $137.4M in revenue for fiscal year 2024. This represents a 215% increase from $43.7M in 2018.

Agora, Inc. (API) saw revenue decline by 5.9% over the past year.

Yes, Agora, Inc. (API) is profitable, generating $4.8M in net income for fiscal year 2024 (-32.1% net margin).

Dividend & Returns

Agora, Inc. (API) has a return on equity (ROE) of -7.3%. Negative ROE indicates the company is unprofitable.

Agora, Inc. (API) had negative free cash flow of $18.5M in fiscal year 2024, likely due to heavy capital investments.

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Agora, Inc. (API) 10-Year Financial Performance & Capital Metrics

API • • Industrial / General

TechnologyApplication SoftwareDigital Media & Entertainment SoftwareStreaming & Content Delivery

Revenue $133M -5.9%
EBITDA -$46M +42.0%
Net Income -$43M +51.0%
EPS (Diluted) -0.46 +47.7%
Gross Margin 64.12% +1.4%
EBITDA Margin -34.34% +38.3%
Operating Margin -40.01% +35.2%
Net Margin -32.06% +48.0%
ROE -7.26% +44.5%
ROIC -6.78% +34.3%
Debt/Equity 0.09 +248.4%
Interest Coverage -210.72 +95.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 81 (top 19%)
✓Strong 5Y sales CAGR of 15.6%
✓Share count reduced 6.3% through buybacks
✓Trading at only 0.7x book value

✗Weaknesses

✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y15.64%

3Y-7.43%

TTM1.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM110.49%

EPS CAGR

10Y-

5Y-

3Y-

TTM109.94%

ROCE

10Y Avg-7.56%

5Y Avg-9.56%

3Y Avg-11.97%

Latest-8.47%

Peer Comparison

Streaming & Content Delivery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SRADSportradar Group AG	4.35B	20.00	200	26.09%	7.72%	9.63%	2.88%	0.05
VMEOVimeo, Inc.	1.24B	7.85	49.06	-0.05%	1%	1.05%	4.57%	0.03
ZMZoom Communications, Inc.	22.09B	83.19	25.92	3.05%	33.17%	17.16%	8.19%	0.01
YALAYalla Group Limited	909.69M	6.85	9.26	6.52%	42.29%	18.98%	18.9%	0.00
AUUDAuddia Inc.	2.98M	0.96	-0.02			-189.89%		0.02
OBLGOblong, Inc.	6.93M	2.16	-0.14	-37.59%	-187.17%	-45.31%
GITSGlobal Interactive Technologies, Inc.	2.94M	0.80	-0.34			-100.31%		0.06
VSVersus Systems Inc.	6.32M	1.29	-0.58	-77.08%	-57.95%	-40.44%

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	43.66M	64.43M	133.56M	167.98M	160.67M	141.54M	133.26M
Revenue Growth %	-	0.48%	1.07%	0.26%	-0.04%	-0.12%	-0.06%
Cost of Goods Sold+	12.63M	20.42M	47.2M	63.98M	61.25M	52.06M	47.81M
COGS % of Revenue	0.29%	0.32%	0.35%	0.38%	0.38%	0.37%	0.36%
Gross Profit+	31.02M	44.01M	86.36M	104.01M	99.42M	89.47M	85.45M
Gross Margin %	0.71%	0.68%	0.65%	0.62%	0.62%	0.63%	0.64%
Gross Profit Growth %	-	0.42%	0.96%	0.2%	-0.04%	-0.1%	-0.05%
Operating Expenses+	30.76M	50.1M	91.56M	184.7M	215.19M	176.8M	138.76M
OpEx % of Revenue	0.7%	0.78%	0.69%	1.1%	1.34%	1.25%	1.04%
Selling, General & Admin	17.36M	26.59M	43.73M	76.6M	92.44M	68.93M	59.99M
SG&A % of Revenue	0.4%	0.41%	0.33%	0.46%	0.58%	0.49%	0.45%
Research & Development	14.43M	23.62M	49.49M	110.67M	114.5M	77.67M	80.34M
R&D % of Revenue	0.33%	0.37%	0.37%	0.66%	0.71%	0.55%	0.6%
Other Operating Expenses	-1.03M	-107.85K	-1.67M	-2.57M	8.24M	30.2M	-1.58M
Operating Income+	262.57K	-6.09M	-5.19M	-80.69M	-115.76M	-87.32M	-53.31M
Operating Margin %	0.01%	-0.09%	-0.04%	-0.48%	-0.72%	-0.62%	-0.4%
Operating Income Growth %	-	-24.19%	0.15%	-14.54%	-0.43%	0.25%	0.39%
EBITDA+	1.18M	-4.22M	-729.47K	-70.48M	-99.88M	-78.84M	-45.77M
EBITDA Margin %	0.03%	-0.07%	-0.01%	-0.42%	-0.62%	-0.56%	-0.34%
EBITDA Growth %	-	-4.56%	0.83%	-95.62%	-0.42%	0.21%	0.42%
D&A (Non-Cash Add-back)	922.35K	1.87M	4.46M	10.21M	15.89M	8.48M	7.54M
EBIT	262.57K	-6.09M	-5.19M	-71.84M	-119.96M	-86.75M	-38.74M
Net Interest Income+	239.18K	626K	2.7M	8.35M	9.64M	18.82M	16.69M
Interest Income	239.18K	625.97K	2.7M	8.35M	9.64M	18.84M	16.94M
Interest Expense	0	0	0	0	0	20K	253K
Other Income/Expense	218.63K	713K	2.64M	9.18M	-3.95M	527K	10.84M
Pretax Income+	481.19K	-5.38M	-2.55M	-71.52M	-119.72M	-86.8M	-42.47M
Pretax Margin %	0.01%	-0.08%	-0.02%	-0.43%	-0.75%	-0.61%	-0.32%
Income Tax+	105.08K	801.34K	562K	840K	663K	422K	258K
Effective Tax Rate %	0.78%	1.15%	1.22%	1.02%	1.01%	1%	1.01%
Net Income+	376.12K	-6.18M	-3.11M	-72.69M	-120.62M	-87.22M	-42.73M
Net Margin %	0.01%	-0.1%	-0.02%	-0.43%	-0.75%	-0.62%	-0.32%
Net Income Growth %	-	-17.42%	0.5%	-22.34%	-0.66%	0.28%	0.51%
Net Income (Continuing)	376.12K	-6.18M	-3.12M	-72.36M	-120.38M	-87.22M	-42.73M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	0.00	-0.06	-0.03	-0.64	-1.08	-0.88	-0.46
EPS Growth %	-	-	0.51%	-20.33%	-0.69%	0.19%	0.48%
EPS (Basic)	0.00	-0.06	-0.03	-0.64	-1.08	-0.88	-0.44
Diluted Shares Outstanding	101.85M	101.85M	103.75M	110.22M	111.61M	99.6M	93.28M
Basic Shares Outstanding	101.85M	101.85M	103.75M	110.22M	111.61M	99.6M	93.28M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	123.24M	123.23M	670.74M	797.69M	485.48M	261.43M	328.05M
Cash & Short-Term Investments	109.98M	105.6M	635.44M	755.3M	427.71M	216.65M	269.66M
Cash Only	108.52M	105.6M	111.22M	285.67M	45.67M	36.89M	27.08M
Short-Term Investments	1.46M	0	524.22M	469.64M	382.04M	179.76M	242.58M
Accounts Receivable	12.77M	17.02M	27.84M	33.58M	38.55M	40.58M	50.36M
Days Sales Outstanding	106.75	96.44	76.08	72.97	87.58	104.66	137.95
Inventory	347.71K	499.38K	0	0	0	3.3M	0
Days Inventory Outstanding	10.05	8.93	-	-	-	23.16	-
Other Current Assets	151.25K	105.52K	7.46M	9.76M	17.05M	889K	3.75M
Total Non-Current Assets+	4.07M	7.93M	22.17M	147.31M	315.24M	413.17M	371.6M
Property, Plant & Equipment	3.12M	6.28M	16.75M	26.63M	15.29M	26.74M	53.03M
Fixed Asset Turnover	13.97x	10.26x	7.97x	6.31x	10.51x	5.29x	2.51x
Goodwill	0	0	3.09M	56.14M	31.93M	0	0
Intangible Assets	0	0	209K	6.7M	2.73M	168.52M	162.01M
Long-Term Investments	0	0	0	53.92M	94.16M	207.02M	137.61M
Other Non-Current Assets	429.09K	808.86K	1.6M	3.92M	171.13M	181K	18.96M
Total Assets+	127.31M	131.16M	692.9M	945M	800.72M	674.6M	699.65M
Asset Turnover	0.34x	0.49x	0.19x	0.18x	0.20x	0.21x	0.19x
Asset Growth %	-	0.03%	4.28%	0.36%	-0.15%	-0.16%	0.04%
Total Current Liabilities+	11.29M	18.48M	36.31M	73.8M	71.65M	56.89M	58.34M
Accounts Payable	2.77M	4.09M	7.72M	5.31M	10.1M	13M	12.96M
Days Payables Outstanding	79.9	73.09	59.71	30.29	60.21	91.11	98.98
Short-Term Debt	0	0	0	3.96M	1.93M	0	0
Deferred Revenue (Current)	628.95K	920.92K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	1.61M	3.18M	7.89M	21.45M	26.4M	13.93M	30.73M
Current Ratio	10.91x	6.67x	18.47x	10.81x	6.78x	4.60x	5.62x
Quick Ratio	10.88x	6.64x	18.47x	10.81x	6.78x	4.54x	5.62x
Cash Conversion Cycle	36.89	32.28	-	-	-	36.7	-
Total Non-Current Liabilities+	0	0	133.89K	4.93M	802K	12.95M	68.66M
Long-Term Debt	0	0	0	0	0	11.03M	46.47M
Capital Lease Obligations	0	0	0	3.45M	340K	1.73M	1.92M
Deferred Tax Liabilities	0	0	52.32K	988K	407K	196K	0
Other Non-Current Liabilities	0	0	81.57K	495K	55K	3K	20.27M
Total Liabilities	11.29M	18.48M	36.44M	78.74M	72.45M	69.85M	126.99M
Total Debt+	0	0	0	7.41M	2.27M	15.2M	50.14M
Net Debt	-108.52M	-105.6M	-111.22M	-278.26M	-43.4M	-21.69M	23.06M
Debt / Equity	-	-	-	0.01x	0.00x	0.03x	0.09x
Debt / EBITDA	-	-	-	-	-	-	-
Net Debt / EBITDA	-91.58x	-	-	-	-	-	-
Interest Coverage	-	-	-	-	-	-4366.20x	-210.72x
Total Equity+	116.01M	112.68M	656.46M	866.26M	728.26M	604.75M	572.66M
Equity Growth %	-	-0.03%	4.83%	0.32%	-0.16%	-0.17%	-0.05%
Book Value per Share	1.14	1.11	6.33	7.86	6.53	6.07	6.14
Total Shareholders' Equity	116.01M	112.68M	656.46M	866.26M	728.26M	604.75M	572.66M
Common Stock	11.24K	11.91K	41K	45K	47K	47K	47K
Retained Earnings	-72.62M	-126.32M	-163.95M	-236.3M	-356.68M	-443.9M	-486.63M
Treasury Stock	0	0	0	0	-41.81M	-79.72M	-72.74M
Accumulated OCI	-630.33K	-988.42K	1.94M	3.15M	-7.99M	-10.03M	-12.26M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	536.1K	706.42K	6.56M	-20M	-44.38M	-13.61M	-14.13M
Operating CF Margin %	0.01%	0.01%	0.05%	-0.12%	-0.28%	-0.1%	-0.11%
Operating CF Growth %	-	0.32%	8.29%	-4.05%	-1.22%	0.69%	-0.04%
Net Income	376.12K	-6.18M	-3.11M	-72.36M	-120.38M	-87.22M	-42.73M
Depreciation & Amortization	922.35K	1.87M	4.46M	13.94M	15.88M	14.58M	10.12M
Stock-Based Compensation	2.85M	3.41M	11.97M	31.48M	32.36M	24.61M	22.74M
Deferred Taxes	-358.07K	-336.46K	-336.46M	238K	-336K	-212K	0
Other Non-Cash Items	9.5M	336.46K	336.46M	1.4M	25.29M	58.69M	17.64M
Working Capital Changes	-3.61M	1.61M	-6.76M	5.3M	2.8M	-24.06M	-21.89M
Change in Receivables	-5.61M	-4.81M	-9.79M	-3.69M	-8.03M	-9.1M	-5.11M
Change in Inventory	1.26M	5.33M	565K	8.95M	0	0	0
Change in Payables	806.51K	1.12M	1.75M	-734K	5.53M	3.25M	0
Cash from Investing+	-3.77M	-3.35M	-535.05M	-57.69M	-151.06M	56.64M	-38.05M
Capital Expenditures	-2.26M	-4.8M	-12.88M	-12.47M	-209.87M	-11.72M	-37.79M
CapEx % of Revenue	0.05%	0.07%	0.1%	0.07%	1.31%	0.08%	0.28%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	-1.51M	1.45M	-99.01B	-50.49M	34.16M	-5.04M	238.44M
Cash from Financing+	65.77M	0	533.64M	251.94M	-42.15M	-52.37M	45.99M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	0	0	10K	1.99M	-15K	-366K	21.26M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	-1.72M	-4.1M	-6.31M	-32.47M	-254.25M	-30.46M	-49.38M
FCF Margin %	-0.04%	-0.06%	-0.05%	-0.19%	-1.58%	-0.22%	-0.37%
FCF Growth %	-	-1.37%	-0.54%	-4.14%	-6.83%	0.88%	-0.62%
FCF per Share	-0.02	-0.04	-0.06	-0.29	-2.28	-0.31	-0.53
FCF Conversion (FCF/Net Income)	1.43x	-0.11x	-2.11x	0.28x	0.37x	0.16x	0.33x
Interest Paid	0	0	0	0	0	24K	0
Taxes Paid	421.56K	411K	742K	966K	55K	152K	185K

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.32%	-5.4%	-0.81%	-9.55%	-15.13%	-13.09%	-7.26%
Return on Invested Capital (ROIC)	2.63%	-62.69%	-1.41%	-10.68%	-13.64%	-10.33%	-6.78%
Gross Margin	71.06%	68.31%	64.66%	61.92%	61.88%	63.22%	64.12%
Net Margin	0.86%	-9.59%	-2.33%	-43.27%	-75.08%	-61.62%	-32.06%
Debt / Equity	-	-	-	0.01x	0.00x	0.03x	0.09x
Interest Coverage	-	-	-	-	-	-4366.20x	-210.72x
FCF Conversion	1.43x	-0.11x	-2.11x	0.28x	0.37x	0.16x	0.33x
Revenue Growth	-	47.58%	107.31%	25.77%	-4.35%	-11.91%	-5.85%

Revenue by Segment

	2020	2021	2022	2023	2024
Service	131.15M	159.94M	152.89M	133.1M	127.62M
Service Growth	-	21.96%	-4.41%	-12.94%	-4.11%
Product and Service, Other	2.42M	8.04M	7.78M	8.44M	5.63M
Product and Service, Other Growth	-	232.79%	-3.17%	8.43%	-33.27%

Revenue by Geography

	2020	2021	2022	2023	2024
CHINA	107.09M	117.94M	91.67M	79.19M	68.59M
CHINA Growth	-	10.13%	-22.28%	-13.61%	-13.39%
Other Countries	-	32.76M	46.26M	39.5M	40.56M
Other Countries Growth	-	-	41.23%	-14.63%	2.69%
UNITED STATES	-	17.28M	22.74M	22.85M	24.11M
UNITED STATES Growth	-	-	31.57%	0.50%	5.50%

Frequently Asked Questions

Growth & Financials

Agora, Inc. (API) reported $137.4M in revenue for fiscal year 2024. This represents a 215% increase from $43.7M in 2018.

Agora, Inc. (API) saw revenue decline by 5.9% over the past year.

Yes, Agora, Inc. (API) is profitable, generating $4.8M in net income for fiscal year 2024 (-32.1% net margin).

Dividend & Returns

Agora, Inc. (API) has a return on equity (ROE) of -7.3%. Negative ROE indicates the company is unprofitable.

Agora, Inc. (API) had negative free cash flow of $18.5M in fiscal year 2024, likely due to heavy capital investments.