What is Agora, Inc.'s earnings per share (EPS)?

Agora, Inc. (API) reported diluted earnings per share of $0.02 for fiscal year 2025. This represents a 118.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Agora, Inc. Financials

API

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Agora, Inc. (API) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI API FY2025 2026-04-22

Agora’s near-breakeven turn in FY2025 was driven mainly by a leaner cost structure and stronger cash conversion.

FY2025’s profit inflection looks more like a cost-base reset than a full demand recovery: revenue was still below its FY2021 level at $141.1M. Yet operating cash flow swung to $27.2M from the prior year’s -$14.1M as lower R&D and SG&A let more gross profit reach cash.

Cash conversion was better than earnings alone imply: operating cash flow of $27.2M exceeded net income of $9.5M. With receivables lower even as revenue improved, the turnaround was helped by faster collections, not just lighter capital spending.

Liquidity remains comfortable with a current ratio of 4.6x and equity of $562.8M, so the balance sheet is still funding the business more through equity than debt. But long-term debt of $80.4M now sits close to cash of $75.4M, meaning the old net-cash buffer has mostly disappeared.

Financial Health Signals

Financial Profile 43/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Agora, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Agora, Inc. has an operating margin of -6.7%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -40.0% the prior year.

Growth

Agora, Inc.'s revenue grew 5.9% year-over-year to $141.1M, a solid pace of expansion. This earns a growth score of 33/100.

Leverage

Agora, Inc. carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.58, Agora, Inc. holds $4.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 91/100.

Cash Flow

Agora, Inc. has a free cash flow margin of 18.1%, earning a moderate score of 33/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Agora, Inc. generates a 1.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 2/100. This is up from -7.5% the prior year.

Piotroski F-Score Strong

7/9

Agora, Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.86x

For every $1 of reported earnings, Agora, Inc. generates $2.86 in operating cash flow ($27.2M OCF vs $9.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

-261.4x

Agora, Inc. earns $-261.4 in operating income for every $1 of interest expense (-$9.4M vs $36K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$141.1M

YoY+5.9%

5Y CAGR+1.1%

Agora, Inc. generated $141.1M in revenue in fiscal year 2025. This represents an increase of 5.9% from the prior year.

EBITDA

-$7.4M

YoY+85.2%

Agora, Inc.'s EBITDA was -$7.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 85.2% from the prior year.

Net Income

$9.5M

YoY+122.3%

Agora, Inc. reported $9.5M in net income in fiscal year 2025. This represents an increase of 122.3% from the prior year.

EPS (Diluted)

$0.02

YoY+118.2%

Agora, Inc. earned $0.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 118.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$25.5M

YoY+253.1%

Agora, Inc. generated $25.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 253.1% from the prior year.

Cash & Debt

$75.4M

YoY+178.6%

5Y CAGR-7.5%

Agora, Inc. held $75.4M in cash against $80.4M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

349M

YoY-6.4%

5Y CAGR-3.4%

Agora, Inc. had 349M shares outstanding in fiscal year 2025. This represents a decrease of 6.4% from the prior year.

Margins & Returns

Gross Margin

66.4%

YoY+2.3pp

5Y CAGR+1.7pp

Agora, Inc.'s gross margin was 66.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.3 percentage points from the prior year.

Operating Margin

-6.7%

YoY+33.3pp

5Y CAGR-2.8pp

Agora, Inc.'s operating margin was -6.7% in fiscal year 2025, reflecting core business profitability. This is up 33.3 percentage points from the prior year.

Net Margin

6.8%

YoY+38.8pp

5Y CAGR+9.1pp

Agora, Inc.'s net profit margin was 6.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 38.8 percentage points from the prior year.

Return on Equity

1.7%

YoY+9.2pp

5Y CAGR+2.2pp

Agora, Inc.'s ROE was 1.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$55.5M

YoY-31.0%

5Y CAGR+2.3%

Agora, Inc. invested $55.5M in research and development in fiscal year 2025. This represents a decrease of 31.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.7M

YoY-33.2%

5Y CAGR-33.3%

Agora, Inc. invested $1.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 33.2% from the prior year.

API Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$141.1M+5.9%	$133.3M-5.9%	$141.5M-11.9%	$160.7M-4.4%	$168.0M+25.8%	$133.6M
Cost of Revenue	$47.4M-0.9%	$47.8M-8.2%	$52.1M-15.0%	$61.2M-4.3%	$64.0M+35.5%	$47.2M
Gross Profit	$93.7M+9.6%	$85.4M-4.5%	$89.5M-10.0%	$99.4M-4.4%	$104.0M+20.4%	$86.4M
R&D Expenses	$55.5M-31.0%	$80.3M+3.4%	$77.7M-32.2%	$114.5M+3.5%	$110.7M+123.6%	$49.5M
SG&A Expenses	$22.7M-30.8%	$32.8M-6.3%	$35.0M-9.6%	$38.7M+27.5%	$30.3M+68.4%	$18.0M
Operating Income	-$9.4M+82.3%	-$53.3M+39.0%	-$87.3M+24.6%	-$115.8M-43.5%	-$80.7M-1454.5%	-$5.2M
Interest Expense	$36K-85.8%	$253K+1165.0%	$20K-99.8%	$9.6M+15.4%	$8.4M	N/A
Income Tax	$323K+25.2%	$258K-38.9%	$422K-36.3%	$663K-21.1%	$840K+49.5%	$562K
Net Income	$9.5M+122.3%	-$42.7M+51.0%	-$87.2M+27.5%	-$120.4M-66.4%	-$72.4M-2222.8%	-$3.1M
EPS (Diluted)	$0.02+118.2%	$-0.11+50.0%	$-0.22+18.5%	$-0.27-68.8%	$-0.16+78.9%	$-0.76

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

API Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$721.1M+3.1%	$699.7M+3.7%	$674.6M-15.8%	$800.7M-15.3%	$945.0M+36.4%	$692.9M
Current Assets	$260.1M-20.7%	$328.1M+25.5%	$261.4M-46.2%	$485.5M-39.1%	$797.7M+18.9%	$670.7M
Cash & Equivalents	$75.4M+178.6%	$27.1M-26.6%	$36.9M-19.2%	$45.7M-84.0%	$285.7M+156.9%	$111.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$24.9M-19.7%	$31.0M-10.7%	$34.7M+5.7%	$32.8M+0.6%	$32.6M+17.2%	$27.8M
Goodwill	N/A	N/A	$0-100.0%	$31.9M-43.1%	$56.1M+1717.5%	$3.1M
Total Liabilities	$158.3M+24.6%	$127.0M+81.8%	$69.8M-3.6%	$72.5M-8.0%	$78.7M+116.1%	$36.4M
Current Liabilities	$56.8M-2.7%	$58.3M+2.5%	$56.9M-20.6%	$71.7M-2.9%	$73.8M+103.3%	$36.3M
Long-Term Debt	$80.4M+73.1%	$46.5M+321.4%	$11.0M	$0	N/A	N/A
Total Equity	$562.8M-1.7%	$572.7M-5.3%	$604.7M-17.0%	$728.3M-15.9%	$866.3M+32.0%	$656.5M
Retained Earnings	-$477.1M+2.0%	-$486.6M-9.6%	-$443.9M-24.5%	-$356.7M-50.9%	-$236.3M-44.1%	-$163.9M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$721.1M+3.1%	$699.7M+3.7%	$674.6M-15.8%	$800.7M-15.3%	$945.0M+36.4%	$692.9M+428.3%	$131.2M
Current Assets	$260.1M-20.7%	$328.1M+25.5%	$261.4M-46.2%	$485.5M-39.1%	$797.7M+18.9%	$670.7M+444.3%	$123.2M
Cash & Equivalents	$75.4M+178.6%	$27.1M-26.6%	$36.9M-19.2%	$45.7M-84.0%	$285.7M+156.9%	$111.2M+5.3%	$105.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$24.9M-19.7%	$31.0M-10.7%	$34.7M+5.7%	$32.8M+0.6%	$32.6M+17.2%	$27.8M+71.3%	$16.2M
Goodwill	N/A	N/A	$0-100.0%	$31.9M-43.1%	$56.1M+1717.5%	$3.1M	$0
Total Liabilities	$158.3M+24.6%	$127.0M+81.8%	$69.8M-3.6%	$72.5M-8.0%	$78.7M+116.1%	$36.4M-85.9%	$258.5M
Current Liabilities	$56.8M-2.7%	$58.3M+2.5%	$56.9M-20.6%	$71.7M-2.9%	$73.8M+103.3%	$36.3M+96.5%	$18.5M
Long-Term Debt	$80.4M+73.1%	$46.5M+321.4%	$11.0M	$0	N/A	N/A	N/A
Total Equity	$562.8M-1.7%	$572.7M-5.3%	$604.7M-17.0%	$728.3M-15.9%	$866.3M+32.0%	$656.5M+615.7%	-$127.3M
Retained Earnings	-$477.1M+2.0%	-$486.6M-9.6%	-$443.9M-24.5%	-$356.7M-50.9%	-$236.3M-44.1%	-$163.9M-29.8%	-$126.3M

API Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$27.2M+292.7%	-$14.1M-3.8%	-$13.6M+74.0%	-$52.4M-161.9%	-$20.0M-404.7%	$6.6M
Capital Expenditures	$1.7M-33.2%	$2.5M+175.5%	$924K-77.6%	$4.1M-66.2%	$12.2M-5.2%	$12.9M
Free Cash Flow	$25.5M+253.1%	-$16.7M-14.7%	-$14.5M+74.3%	-$56.5M-75.4%	-$32.2M-410.2%	-$6.3M
Investing Cash Flow	$13.3M+135.0%	-$38.0M-167.2%	$56.6M+139.3%	-$144.1M-149.7%	-$57.7M+89.2%	-$535.1M
Financing Cash Flow	$5.0M-89.1%	$46.0M+187.8%	-$52.4M-27.3%	-$41.1M-116.3%	$251.9M-52.8%	$533.6M
Dividends Paid	$0	$0	$0	$0	$0	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	$0	$0	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

API Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	66.4%+2.3pp	64.1%+0.9pp	63.2%+1.3pp	61.9%-0.0pp	61.9%-2.7pp	64.7%
Operating Margin	-6.7%+33.3pp	-40.0%+21.7pp	-61.7%+10.4pp	-72.0%-24.0pp	-48.0%-44.1pp	-3.9%
Net Margin	6.8%+38.8pp	-32.1%+29.6pp	-61.6%+13.3pp	-74.9%-31.8pp	-43.1%-40.7pp	-2.3%
Return on Equity	1.7%+9.2pp	-7.5%+7.0pp	-14.4%+2.1pp	-16.5%-8.2pp	-8.3%-7.9pp	-0.5%
Return on Assets	1.3%+7.4pp	-6.1%+6.8pp	-12.9%+2.1pp	-15.0%-7.4pp	-7.7%-7.2pp	-0.4%
Current Ratio	4.58-1.0	5.62+1.0	4.59-2.2	6.78-4.0	10.81-7.7	18.47
Debt-to-Equity	0.14+0.1	0.08+0.1	0.02+0.0	0.00-0.1	0.09+0.0	0.06
FCF Margin	18.1%+30.6pp	-12.5%-2.2pp	-10.3%+24.9pp	-35.2%-16.0pp	-19.2%-14.4pp	-4.7%

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	4.58-1.0	5.62+1.0	4.59-2.2	6.78-4.0	10.81-7.7	18.47+11.8	6.67
Debt-to-Equity	0.14+0.1	0.08+0.1	0.02+0.0	0.00-0.1	0.09+0.0	0.06+2.1	-2.03
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Agora, Inc.'s annual revenue?

Agora, Inc. (API) reported $141.1M in total revenue for fiscal year 2025. This represents a 5.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Agora, Inc.'s revenue growing?

Agora, Inc. (API) revenue grew by 5.9% year-over-year, from $133.3M to $141.1M in fiscal year 2025.

Is Agora, Inc. profitable?

Yes, Agora, Inc. (API) reported a net income of $9.5M in fiscal year 2025, with a net profit margin of 6.8%.

What is Agora, Inc.'s EBITDA?

Agora, Inc. (API) had EBITDA of -$7.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Agora, Inc. have?

As of fiscal year 2025, Agora, Inc. (API) had $75.4M in cash and equivalents against $80.4M in long-term debt.

What is Agora, Inc.'s gross margin?

Agora, Inc. (API) had a gross margin of 66.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Agora, Inc.'s operating margin?

Agora, Inc. (API) had an operating margin of -6.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Agora, Inc.'s net profit margin?

Agora, Inc. (API) had a net profit margin of 6.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Agora, Inc.'s return on equity (ROE)?

Agora, Inc. (API) has a return on equity of 1.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Agora, Inc.'s free cash flow?

Agora, Inc. (API) generated $25.5M in free cash flow during fiscal year 2025. This represents a 253.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Agora, Inc.'s operating cash flow?

Agora, Inc. (API) generated $27.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Agora, Inc.'s total assets?

Agora, Inc. (API) had $721.1M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Agora, Inc.'s capital expenditures?

Agora, Inc. (API) invested $1.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Agora, Inc. spend on research and development?

Agora, Inc. (API) invested $55.5M in research and development during fiscal year 2025.

How many shares does Agora, Inc. have outstanding?

Agora, Inc. (API) had 349M shares outstanding as of fiscal year 2025.

What is Agora, Inc.'s current ratio?

Agora, Inc. (API) had a current ratio of 4.58 as of fiscal year 2025, which is generally considered healthy.

What is Agora, Inc.'s debt-to-equity ratio?

Agora, Inc. (API) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Agora, Inc.'s return on assets (ROA)?

Agora, Inc. (API) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Agora, Inc.'s Piotroski F-Score?

Agora, Inc. (API) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Agora, Inc.'s earnings high quality?

Agora, Inc. (API) has an earnings quality ratio of 2.86x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Agora, Inc. cover its interest payments?

Agora, Inc. (API) has an interest coverage ratio of -261.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Agora, Inc.?

Agora, Inc. (API) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.