Agora, Inc.(API)Earnings, Financials & Key Ratios
API•NASDAQ
$4.06
41.9× P/E·Price updated Jun 27, 2026
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$141M+5.9%
- EBITDA-$1M+96.7%
- Net Income$10M+122.4%
- EPS (Diluted)0.10+121.0%
- Gross Margin66.4%+3.6%
- EBITDA Margin-1%+96.9%
- Operating Margin-6.67%+83.3%
- Net Margin6.77%+121.1%
- ROE1.68%+123.2%
API Price & Volume
Agora, Inc. (API) stock price & volume — 10-year historical chart
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Fragile Profitability Masks Underlying Structural Capital Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Geopolitical and Regulatory Exposure
Key Thesis Takeaways
- Agora's recent pivot to net profitability appears heavily reliant on the cessation of stock-based compensation and aggressive cost-cutting, including the reduction of R&D expenses to zero in 2026Q1.
- While the company achieved a 13.8% year-over-year revenue growth in the most recent quarter, the sustainability of this trajectory is threatened by intense competition from hyperscale cloud providers and a capital-intensive infrastructure model.
- Investors should remain cautious as the company's reliance on debt, which has risen to $92.7 million, and inconsistent free cash flow generation suggest a vulnerable long-term financial position.
Verdict Logic
the company's decision to allocate $13.3 million to share repurchases despite generating negative free cash flow of $3.7 million in 2026Q1 raises significant concerns regarding capital allocation and long-term solvency.
API Growth Metrics
Agora, Inc. (API) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years1.1%
3 Years-4.25%
TTM9.09%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM131.22%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM129.86%
Return on Capital
10 Years-6.02%
5 Years-8.34%
3 Years-6.05%
Last Year-1.44%
API Recent Earnings
Agora, Inc. (API) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (44%)●Beat Revenue 1/12 qtrs (11%)
Q2 2026Latest
May 26, 2026Metric
Actual
Est
EPS
$0.01+105.8%
$0.17
Rev
$38M+1.9%
$37M
Q2 2026
Mar 2, 2026Metric
Actual
Est
EPS
$0.05+130.1%
$0.17
Rev
$38M-0.3%
$38M
Q4 2025
Nov 19, 2025Metric
Actual
Est
EPS
$0.03
—
Rev
$35M
—
Q3 2025
Aug 18, 2025Metric
Actual
Est
EPS
$0.01
—
Rev
$34M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 26, 2026 | $0.01vs $0.17+105.8% | $38Mvs $37M+1.9% |
| Q2 2026 | Mar 2, 2026 | $0.05vs $0.17+130.1% | $38Mvs $38M-0.3% |
| Q4 2025 | Nov 19, 2025 | $0.03 | $35M |
| Q3 2025 | Aug 18, 2025 | $0.01 | $34M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Agora, Inc. (API)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $4.06 | $365.86M | 41.94 | 5.85% | 6.77% | 1.68% | — | |
| $191.57 | $29.03B | 912.24 | 13.66% | 1.96% | 1.32% | — | |
| $56.90 | $1.82B | -132.33 | 0.71% | 1.96% | 4.04% | — | |
| $1.95 | $23.74M | -0.16 | -22% | -26.24% | — | — | |
| $86.48 | $25.36B | 13.99 | 4.36% | 41.99% | 21.79% | — | |
| $372.97 | $2.77T | 27.34 | 14.93% | 39.34% | 33.13% | — |
Compare API vs Peers
Agora, Inc. (API) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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API Frequently Asked Questions
Agora, Inc. (API) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Agora, Inc.'s revenue?
Agora, Inc. (API) reported $145.6M in revenue for fiscal year 2025. This represents a 234% increase from $43.7M in 2018.
How fast is Agora, Inc. growing?
Agora, Inc. (API) grew revenue by 5.9% over the past year. This is steady growth.
Is API profitable?
Yes, Agora, Inc. (API) is profitable, generating $10.3M in net income for fiscal year 2025 (6.8% net margin).
Dividend & Returns
What is API's return on equity?
Agora, Inc. (API) has a return on equity (ROE) of 1.7%. This is below average, suggesting room for improvement.
What is Agora, Inc.'s free cash flow?
Agora, Inc. (API) had negative free cash flow of $16.8M in fiscal year 2025, likely due to heavy capital investments.