Agora, Inc. (API) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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API Revenue Growth
Revenue Breakdown (FY 2024)
API's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
API Revenue Analysis (2018–2024)
As of May 8, 2026, Agora, Inc. (API) generated trailing twelve-month (TTM) revenue of $137.4 million, reflecting strong growth of +12.2% year-over-year. The most recent quarter (Q3 2025) recorded $35.4 million in revenue, up 3.4% sequentially.
Looking at the longer-term picture, API's 5-year compound annual growth rate (CAGR) stands at +15.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $168.0 million in 2021.
Revenue diversification analysis shows API's business is primarily driven by Service (96%), and Product and Service, Other (4%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including TWLO (+15.7% YoY), BAND (+27752.2% YoY), and LPSN (-22.0% YoY), API has underperformed the peer group in terms of revenue growth. Compare API vs TWLO →
API Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| APICurrent | $137M | +12.2% | +15.6% | -40.0% | |
 TWLO | $5.1B | +15.7% | +23.5% | 3.4% | |
 BAND | $754M | +27752.2% | +17.0% | -1.9% | |
 LPSN | $244M | -22.0% | -7.8% | -9.6% | |
 ZM | $4.9B | +4.4% | +12.9% | 23.1% | |
 MSFT | $281.7B | +17.9% | +14.5% | 45.6% |
API Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $133.3M | -5.9% | $85.4M | 64.1% | $-53,311,000 | -40.0% |
| 2023 | $141.5M | -11.9% | $89.5M | 63.2% | $-87,324,000 | -61.7% |
| 2022 | $160.7M | -4.4% | $99.4M | 61.9% | $-115,763,000 | -72.1% |
| 2021 | $168.0M | +25.8% | $104.0M | 61.9% | $-80,693,000 | -48.0% |
| 2020 | $133.6M | +107.3% | $86.4M | 64.7% | $-5,191,000 | -3.9% |
| 2019 | $64.4M | +47.6% | $44.0M | 68.3% | $-6,088,945 | -9.5% |
| 2018 | $43.7M | - | $31.0M | 71.1% | $263K | 0.6% |
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Start ComparisonAPI — Frequently Asked Questions
Quick answers to the most common questions about buying API stock.
Is API's revenue growth accelerating or slowing?
API maintains +12.2% revenue growth, in line with its 5-year CAGR of +15.6%. TTM revenue stands at $137M. Growth rate remains consistent with historical average.
What is API's long-term revenue growth rate?
Agora, Inc.'s 5-year revenue CAGR of +15.6% reflects the sustained expansion pattern. Current YoY growth of +12.2% is near this long-term average.
How is API's revenue distributed by segment?
API reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.