NASDAQ : API
Agora, Inc. — Financial statements
Technology · Software - Application · United States
Last price 4.39 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 367.77M
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Financial statements
Agora, Inc. (API) reported revenue of 151.69M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 148.22M | 137.97M | 127.62M | 133.10M | 152.89M | 159.94M |
| Other Revenue | 3.47M | 3.09M | 5.63M | 8.44M | 7.78M | 8.04M |
| Revenue | 151.69M | 141.06M | 133.26M | 141.54M | 160.67M | 167.98M |
| Cost of Revenue | 53.87M | 47.39M | 47.81M | 52.06M | 61.25M | 63.98M |
| Gross Profit | 97.83M | 93.66M | 85.45M | 89.47M | 99.42M | 104.01M |
| Selling, General & Admin | 47.84M | 49.02M | 59.99M | 68.93M | 92.44M | 76.60M |
| Research & Development | 57.28M | 55.46M | 80.34M | 77.67M | 114.50M | 110.67M |
| Other Operating Expenses | -2.10M | -1.41M | -1.58M | -1.73M | -3.70M | -2.57M |
| Operating Expenses | 103.02M | 103.07M | 138.76M | 144.87M | 203.25M | 184.70M |
| Operating Income | -5.19M | -9.41M | -53.31M | -55.40M | -103.82M | -80.69M |
| Interest Expense | -59.00K | -36.00K | -253.00K | -20.00K | ||
| Interest & Investment Income | 14.52M | 16.51M | 16.94M | 18.84M | 9.64M | 8.35M |
| Earnings From Equity Investments | 335.00K | -32.00K | -3.48M | -31.00K | 244.00K | 329.00K |
| Currency Exchange Gain (Loss) | 1.84M | 1.62M | 168.00K | -151.00K | -5.02M | 558.00K |
| Other Non Operating Income (Expenses) | 1.20M | 1.20M | 793.00K | 1.65M | 1.60M | |
| EBT Excluding Unusual Items | 12.65M | 9.85M | -39.14M | -35.11M | -98.96M | -69.86M |
| Impairment of Goodwill | -31.93M | -11.94M | ||||
| Gain (Loss) on Sale of Investments | -1.26M | -3.33M | -18.53M | -8.81M | -1.66M | |
| Other Unusual Items | -1.23M | |||||
| Pretax Income | 11.39M | 9.85M | -42.47M | -86.80M | -119.72M | -71.52M |
| Income Tax Expense | 422.00K | 323.00K | 258.00K | 422.00K | 663.00K | 840.00K |
| Net Income | 10.97M | 9.53M | -42.73M | -87.22M | -120.38M | -72.36M |
| Net Income to Common | 10.97M | 9.53M | -42.73M | -87.22M | -120.38M | -72.36M |
| Shares Outstanding (Basic) | 88.21M | 91.97M | 93.28M | 99.60M | 111.61M | 110.22M |
| Shares Outstanding (Diluted) | 95.54M | 98.86M | 93.28M | 99.60M | 111.61M | 110.22M |
| EPS (Basic) | 0.12 | 0.10 | -0.46 | -0.88 | -1.08 | -0.66 |
| EPS (Diluted) | 0.10 | 0.08 | -0.46 | -0.88 | -1.08 | -0.66 |
| Free Cash Flow | -20.77M | -6.38M | -51.92M | -25.33M | -56.50M | -32.21M |
| Free Cash Flow Per Share | -0.22 | -0.07 | -0.56 | -0.25 | -0.51 | -0.29 |
| Gross Margin | 64.49% | 66.40% | 64.12% | 63.22% | 61.88% | 61.92% |
| Operating Margin | -3.42% | -6.67% | -40.01% | -39.14% | -64.62% | -48.04% |
| Profit Margin | 7.23% | 6.75% | -32.06% | -61.62% | -74.92% | -43.07% |
| Free Cash Flow Margin | -13.69% | -4.52% | -38.96% | -17.89% | -35.17% | -19.18% |
| EBITDA | 270.00K | -3.47M | -45.77M | -43.75M | -92.00M | -70.48M |
| EBITDA Margin | 0.18% | -2.46% | -34.34% | -30.91% | -57.26% | -41.96% |
| D&A For EBITDA | 5.46M | 5.94M | 7.54M | 11.64M | 11.82M | 10.21M |
| EBIT | -5.19M | -9.41M | -53.31M | -55.40M | -103.82M | -80.69M |
| EBIT Margin | -3.42% | -6.67% | -40.01% | -39.14% | -64.62% | -48.04% |
| Effective Tax Rate | 3.71% | 3.28% | ||||
| Revenue as Reported | 151.69M | 141.06M | 133.26M | 141.54M | 160.67M | 167.98M |
| Advertising Expenses | 1.00M | 1.40M | 1.90M | 3.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 72.67M | 75.45M | 27.08M | 36.89M | 45.67M | 285.67M |
| Short-Term Investments | 271.17M | 144.04M | 242.58M | 179.76M | 382.04M | 469.64M |
| Cash & Short-Term Investments | 343.84M | 219.49M | 269.66M | 216.65M | 427.71M | 755.30M |
| Accounts Receivable | 28.38M | 24.99M | 32.05M | 35.72M | 33.44M | 33.58M |
| Other Receivables | 11.24M | 18.08M | 4.58M | 4.93M | 4.81M | |
| Receivables | 28.38M | 36.23M | 50.13M | 40.29M | 38.37M | 38.39M |
| Prepaid Expenses | 22.37M | 2.34M | 3.02M | 3.02M | ||
| Restricted Cash | 200.00K | 200.00K | 3.75M | 280.00K | 130.00K | 130.00K |
| Other Current Assets | 600.00K | 1.84M | 1.49M | 1.18M | 19.27M | 3.86M |
| Total Current Assets | 395.38M | 260.10M | 328.05M | 261.43M | 485.48M | 797.69M |
| Property, Plant & Equipment | 109.53M | 90.33M | 53.03M | 26.72M | 15.29M | 26.63M |
| Long-Term Investments | 50.35M | 189.18M | 137.61M | 207.02M | 94.16M | 53.92M |
| Goodwill | 31.93M | 56.14M | ||||
| Other Intangible Assets | 164.99M | 161.69M | 162.01M | 168.52M | 2.73M | 6.70M |
| Long-Term Deferred Charges | 2.04M | 1.90M | 2.29M | |||
| Other Long-Term Assets | 12.91M | 17.76M | 18.96M | 10.91M | 169.23M | 1.63M |
| Total Assets | 733.16M | 721.10M | 699.65M | 674.60M | 800.72M | 945.00M |
| Accounts Payable | 11.46M | 9.64M | 12.96M | 13.00M | 10.10M | 5.31M |
| Accrued Expenses | 15.14M | 18.66M | 16.73M | 22.07M | 28.22M | 36.37M |
| Current Portion of Leases | 947.00K | 1.52M | 1.75M | 2.45M | 1.93M | 3.96M |
| Current Income Taxes Payable | 798.00K | 58.00K | 38.00K | 4.00K | 1.00K | |
| Current Unearned Revenue | 9.12M | 7.91M | 8.74M | 7.76M | 8.35M | 9.07M |
| Other Current Liabilities | 38.63M | 19.06M | 18.09M | 11.58M | 23.05M | 19.10M |
| Total Current Liabilities | 77.43M | 56.78M | 58.34M | 56.89M | 71.65M | 73.80M |
| Long-Term Debt | 98.99M | 80.42M | 46.47M | 11.03M | ||
| Long-Term Leases | 138.00K | 399.00K | 1.92M | 1.73M | 340.00K | 3.45M |
| Long-Term Deferred Tax Liabilities | 12.00K | 92.00K | 196.00K | 407.00K | 988.00K | |
| Other Long-Term Liabilities | 1.00K | 20.64M | 20.18M | 3.00K | 55.00K | 495.00K |
| Total Liabilities | 176.55M | 158.25M | 126.99M | 69.85M | 72.45M | 78.74M |
| Common Stock | 48.00K | 47.00K | 47.00K | 47.00K | 47.00K | 45.00K |
| Additional Paid-In Capital | 1.15B | 1.15B | 1.14B | 1.14B | 1.13B | 1.10B |
| Retained Earnings | -473.79M | -477.10M | -486.63M | -443.90M | -356.68M | -236.30M |
| Treasury Stock | -110.73M | -95.24M | -72.74M | -79.72M | -41.81M | |
| Comprehensive Income & Other | -5.40M | -9.99M | -12.26M | -10.03M | -7.99M | 3.15M |
| Total Common Equity | 556.61M | 562.85M | 572.66M | 604.75M | 728.26M | 866.26M |
| Shareholders' Equity | 556.61M | 562.85M | 572.66M | 604.75M | 728.26M | 866.26M |
| Total Liabilities & Equity | 733.16M | 721.10M | 699.65M | 674.60M | 800.72M | 945.00M |
| Total Debt | 101.40M | 82.34M | 50.14M | 15.20M | 2.27M | 7.41M |
| Net Cash (Debt) | 242.44M | 137.15M | 219.52M | 201.45M | 425.44M | 747.89M |
| Net Cash Per Share | 2.54 | 1.39 | 2.35 | 2.02 | 3.81 | 6.79 |
| Filing Date Shares Outstanding | 83.78M | 84.55M | 93.51M | 92.20M | 102.08M | 115.87M |
| Total Common Shares Outstanding | 83.78M | 87.32M | 93.33M | 92.20M | 107.49M | 115.87M |
| Working Capital | 317.96M | 203.31M | 269.71M | 204.53M | 413.83M | 723.88M |
| Book Value Per Share | 6.64 | 6.45 | 6.14 | 6.56 | 6.78 | 7.48 |
| Tangible Book Value | 391.62M | 401.16M | 410.65M | 436.23M | 693.61M | 803.42M |
| Tangible Book Value Per Share | 4.67 | 4.59 | 4.40 | 4.73 | 6.45 | 6.93 |
| Machinery | 33.61M | 32.62M | 31.36M | 32.13M | 32.19M | |
| Construction In Progress | 84.24M | 44.49M | 17.40M | 1.23M | 282.00K | |
| Leasehold Improvements | 5.11M | 4.99M | 4.41M | 3.78M | 2.75M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 10.97M | 9.53M | -42.73M | -87.22M | -120.38M | -72.36M |
| Depreciation & Amortization | 7.37M | 8.00M | 10.12M | 14.58M | 15.88M | 13.94M |
| Loss (Gain) From Sale of Assets | 6.00K | 8.00K | -9.00K | -11.00K | ||
| Asset Writedown & Restructuring Costs | 31.93M | 11.94M | ||||
| Loss (Gain) From Sale of Investments | 1.29M | -1.46M | 3.33M | 18.53M | 8.61M | 1.69M |
| Loss (Gain) on Equity Investments | -335.00K | 32.00K | 3.48M | 52.00K | -244.00K | |
| Stock-Based Compensation | 4.59M | 5.56M | 22.74M | 24.61M | 32.36M | 31.48M |
| Provision & Write-off of Bad Debts | 2.58M | 4.03M | 8.73M | 7.05M | 5.39M | 4.83M |
| Other Operating Activities | -52.00K | -81.00K | -102.00K | 913.00K | -737.00K | -57.00K |
| Change in Accounts Receivable | -3.65M | 3.38M | -5.11M | -9.62M | -8.60M | -8.75M |
| Change in Accounts Payable | -643.00K | -3.12M | -248.00K | 3.25M | 5.53M | -734.00K |
| Change in Unearned Revenue | 805.00K | -718.00K | 1.13M | -643.00K | 1.77M | 776.00K |
| Change in Income Taxes | -451.00K | -1.53M | 1.33M | -1.16M | -391.00K | 155.00K |
| Change in Other Net Operating Assets | -8.93M | 3.60M | -16.78M | -15.86M | -3.52M | 9.03M |
| Operating Cash Flow | 13.56M | 27.23M | -14.13M | -13.61M | -52.38M | -20.00M |
| Capital Expenditures | -34.34M | -33.62M | -37.79M | -11.72M | -4.12M | -12.21M |
| Sale of Property, Plant & Equipment | 24.00K | 41.00K | 93.00K | 92.00K | ||
| Cash Acquisitions | -3.68M | -50.57M | ||||
| Divestitures | 7.32M | 7.32M | 5.77M | 7.00M | ||
| Sale (Purchase) of Intangibles | -5.13M | -171.59M | -263.00K | |||
| Investment in Securities | 49.21M | 39.46M | -348.00K | 71.31M | 24.65M | 5.35M |
| Other Investing Activities | -4.30M | 110.00K | ||||
| Investing Cash Flow | 17.92M | 13.31M | -38.05M | 56.64M | -144.06M | -57.69M |
| Long-Term Debt Issued | 32.38M | 35.79M | 10.91M | |||
| Net Debt Issued (Repaid) | 35.34M | 32.38M | 35.79M | 10.91M | ||
| Issuance of Common Stock | 235.00K | 609.00K | 853.00K | 634.00K | 1.10M | 251.99M |
| Repurchase of Common Stock | -32.65M | -27.72M | -11.06M | -62.91M | -41.13M | |
| Other Financing Activities | -2.52M | -273.00K | 20.41M | -1.00M | -1.11M | -55.00K |
| Financing Cash Flow | 398.00K | 4.99M | 45.99M | -52.37M | -41.15M | 251.94M |
| Foreign Exchange Rate Adjustments | 460.00K | -721.00K | -162.00K | -804.00K | -918.00K | 279.00K |
| Miscellaneous Cash Flow Adjustments | -1.49M | |||||
| Net Cash Flow | 32.34M | 44.82M | -6.35M | -10.14M | -240.00M | 174.53M |
| Free Cash Flow | -20.77M | -6.38M | -51.92M | -25.33M | -56.50M | -32.21M |
| Free Cash Flow Margin | -13.69% | -4.52% | -38.96% | -17.89% | -35.17% | -19.18% |
| Free Cash Flow Per Share | -0.22 | -0.07 | -0.56 | -0.25 | -0.51 | -0.29 |
| Levered Free Cash Flow | -12.87M | -9.50M | -49.89M | -14.57M | -207.87M | 8.97M |
| Unlevered Free Cash Flow | -12.84M | -9.48M | -49.73M | -14.56M | -207.87M | 8.97M |
| Cash Income Tax Paid | 199.00K | 233.00K | 185.00K | 152.00K | 55.00K | 966.00K |
| Change in Working Capital | -12.86M | 1.61M | -19.68M | -24.04M | -5.20M | 475.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 367.77M | 365.59M | 383.03M | 268.48M | 453.07M | 1.88B |
| Enterprise Value | 125.34M | 271.94M | 117.42M | 93.47M | -26.26M | 1.12B |
| Last Close Price | 4.39 | 4.07 | 4.16 | 2.63 | 3.91 | 16.21 |
| PE Ratio | 45.24 | 38.37 | ||||
| Forward PE | 30.83 | 42.75 | ||||
| PS Ratio | 2.42 | 2.59 | 2.87 | 1.90 | 2.82 | 11.18 |
| PB Ratio | 0.66 | 0.65 | 0.67 | 0.44 | 0.62 | 2.17 |
| P/TBV Ratio | 0.94 | 0.91 | 0.93 | 0.61 | 0.65 | 2.34 |
| P/OCF Ratio | 27.12 | 13.42 | ||||
| EV/Sales Ratio | 0.83 | 1.93 | 0.88 | 0.66 | 6.66 | |
| Debt / Equity Ratio | 0.18 | 0.15 | 0.09 | 0.03 | 0.00 | 0.01 |
| Net Debt / Equity Ratio | -0.44 | -0.24 | -0.38 | -0.33 | -0.58 | -0.86 |
| Net Debt / EBITDA Ratio | -897.91 | 39.48 | 4.80 | 4.61 | 4.62 | 10.61 |
| Net Debt / FCF Ratio | 11.67 | 21.49 | 4.23 | 7.95 | 7.53 | 23.22 |
| Asset Turnover | 0.21 | 0.20 | 0.19 | 0.19 | 0.18 | 0.20 |
| Quick Ratio | 4.81 | 4.50 | 5.48 | 4.52 | 6.50 | 10.75 |
| Current Ratio | 5.11 | 4.58 | 5.62 | 4.59 | 6.78 | 10.81 |
| Return on Equity (ROE) | 1.96% | 1.68% | -7.26% | -13.09% | -15.10% | -9.50% |
| Return on Assets (ROA) | -0.45% | -0.83% | -4.85% | -4.69% | -7.43% | -6.16% |
| Return on Invested Capital (ROIC) | -1.61% | -2.34% | -14.09% | -15.69% | -49.30% | -68.17% |
| Return on Capital Employed (ROCE) | -0.80% | -1.40% | -8.30% | -9.00% | -14.20% | -9.30% |
| Earnings Yield | 2.21% | 2.61% | -11.15% | -32.49% | -26.57% | -3.85% |
| FCF Yield | -5.65% | -1.75% | -13.56% | -9.43% | -12.47% | -1.71% |
| Buyback Yield / Dilution | -2.27% | -5.98% | 6.34% | 10.76% | -1.26% | -63.98% |