Agora (API) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Apr 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the API SEC filings page.
Agora, Inc. (API) reported $141.1M in revenue for fiscal year 2025, up 5.9% from the prior fiscal year. This page shows its 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).
Agora returned to positive earnings and cash generation in FY2025, but the improvement came chiefly from sharply lower operating spending.
The cash conversion gap is unusually wide: operating cash flow equaled285.8% of net income, with$27.2M generated. Low reinvestment explains why free cash flow reached$25.5M after only$1.7M of capital spending, rather than showing that earnings alone drove the cash result.
The turnaround was expense-led: revenue grew
The financing profile grew heavier: total liabilities rose
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. 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.
Agora, Inc. has an operating margin of -6.7%, meaning the company loses $7 on every $100 of revenue. This results in a profitability score of 23/100. This is up from -40.0% the prior year.
Agora, Inc.'s revenue grew 5.9% year-over-year to $141.1M, a solid pace of expansion. This earns a growth score of 30/100.
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 79/100, indicating a strong balance sheet with room for future borrowing.
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 90/100.
Agora, Inc. has a free cash flow margin of 18.1%, earning a moderate score of 38/100. The company generates positive cash flow after capital investments, but with room for improvement.
Agora, Inc.'s ROE of 1.7% shows moderate profitability relative to equity, earning a score of 31/100. This is up from -7.5% the prior year.
Agora, Inc. scores 1.00, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $477.1M against total assets of $721.1M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
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.
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.
Agora, Inc. reported an operating loss of $9.4M against $36K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Agora, Inc. generated $141.1M in revenue in fiscal year 2025. This represents an increase of 5.9% from the prior year.
Agora, Inc.'s EBITDA was -$7.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Agora, Inc. reported $9.5M in net income in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Agora, Inc. earned $0.02 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Agora, Inc. generated $25.5M in free cash flow in fiscal year 2025, representing cash available after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Agora, Inc. held $75.4M in cash against $80.4M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
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
Agora, Inc. invested $55.5M in research and development in fiscal year 2025. This represents a decrease of 31.0% from the prior year.
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.
Not reported for fiscal year 2025.
API Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F |
|---|---|---|---|---|---|---|---|---|
| Revenue | $141.1M+5.9% | $133.3M-5.9% | $141.5M-11.9% | $160.7M-4.4% | $168.0M+25.8% | $133.6M+107.3% | $64.4M+47.6% | $43.7M |
| 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+131.2% | $20.4M+61.6% | $12.6M |
| Gross Profit | $93.7M+9.6% | $85.4M-4.5% | $89.5M-10.0% | $99.4M-4.4% | $104.0M+20.4% | $86.4M+96.2% | $44.0M+41.9% | $31.0M |
| 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+109.5% | $23.6M+63.8% | $14.4M |
| SG&A Expenses | $49.0M-18.3% | $60.0M-13.0% | $68.9M-25.4% | $92.4M+20.7% | $76.6M+75.2% | $43.7M+64.5% | $26.6M+53.1% | $17.4M |
| Operating Income | -$9.4Mn/m | -$53.3Mn/m | -$87.3Mn/m | -$115.8Mn/m | -$80.7Mn/m | -$5.2Mn/m | -$6.1M-2419.0% | $263K |
| EBITDA | -$7.4Mn/m | -$49.9Mn/m | -$80.2Mn/m | -$106.3Mn/m | -$72.4Mn/m | -$731Kn/m | -$4.2M-456.2% | $1.2M |
| Interest Expense | $36K-85.8% | $253K+1165.0% | $20K | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $323K+25.2% | $258K-38.9% | $422K-36.3% | $663K-21.1% | $840K+49.5% | $562K-29.8% | $801K+662.3% | $105K |
| Net Income | $9.5Mn/m | -$42.7Mn/m | -$87.2Mn/m | -$120.4Mn/m | -$72.4Mn/m | -$3.1Mn/m | -$6.2M-1742.3% | $376K |
| EPS (Basic) | $0.03n/m | -$0.11n/m | -$0.22n/m | -$0.27n/m | -$0.16 | -$0.76 | -$0.58n/m | -$0.39 |
| EPS (Diluted) | $0.02n/m | -$0.11n/m | -$0.22n/m | -$0.27n/m | -$0.16 | -$0.76 | -$0.58n/m | -$0.39 |
| Diluted Shares (Avg) | 395M+6.0% | 373M-6.3% | 398M-10.8% | 446M+1.3% | 441M | 269M | N/A | N/A |
API Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A |
| 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 | N/A |
| 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-2.8% | $108.6M |
| Short-Term Investments | $4.6M+64.4% | $2.8M-65.1% | $8.0M-43.6% | $14.1M-97.0% | $469.6M-10.4% | $524.2Mn/m | $0n/m | $0 |
| 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 | N/A |
| Long-Term Investments | $29.2M-28.3% | $40.7M-7.3% | $43.9M-20.4% | $55.2M+2.3% | $53.9Mn/m | $0n/m | $0n/m | $0 |
| Goodwill | N/A | N/A | $0-100.0% | $31.9M-43.1% | $56.1M+1717.5% | $3.1Mn/m | $0 | N/A |
| 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 | N/A |
| 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 | N/A |
| Non-Current Liabilities | $101.5M+47.8% | $68.7M+430.1% | $13.0M+1515.0% | $802K-83.7% | $4.9M+3582.8% | $134Kn/m | $0 | N/A |
| Long-Term Debt | $80.4M+73.1% | $46.5M+321.4% | $11.0Mn/m | $0 | N/A | 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% | $656.5Mn/m | -$127.3Mn/m | -$73.2M |
| Retained Earnings | -$477.1Mn/m | -$486.6Mn/m | -$443.9Mn/m | -$356.7Mn/m | -$236.3Mn/m | -$163.9Mn/m | -$126.3M | N/A |
Not reported in any period shown, so not listed: Inventory.
API Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.2Mn/m | -$14.1Mn/m | -$13.6Mn/m | -$52.4Mn/m | -$20.0M-404.7% | $6.6M+829.7% | $706K+31.7% | $536K |
| Depreciation & Amortization | $2.0M-41.9% | $3.5M-51.3% | $7.1M-25.3% | $9.5M+14.7% | $8.3M+85.7% | $4.5M+138.8% | $1.9M+102.5% | $922K |
| Stock-Based Compensation | $5.6M-75.5% | $22.7M-7.6% | $24.6M-24.0% | $32.4M+2.8% | $31.5M+162.9% | $12.0M+251.7% | $3.4M+19.5% | $2.9M |
| Capital Expenditures | $1.7M-33.2% | $2.5M+175.5% | $924K-77.6% | $4.1M-66.2% | $12.2M-5.2% | $12.9M+168.2% | $4.8M+112.4% | $2.3M |
| Free Cash Flow | $25.5Mn/m | -$16.7Mn/m | -$14.5Mn/m | -$56.5Mn/m | -$32.2Mn/m | -$6.3Mn/m | -$4.1Mn/m | -$1.7M |
| Investing Cash Flow | $13.3Mn/m | -$38.0M-167.2% | $56.6Mn/m | -$144.1Mn/m | -$57.7Mn/m | -$535.1Mn/m | -$3.4Mn/m | -$3.8M |
| Financing Cash Flow | $5.0M-89.1% | $46.0Mn/m | -$52.4Mn/m | -$41.1M-116.3% | $251.9M-52.8% | $533.6Mn/m | $0-100.0% | $65.8M |
| Dividends Paid | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0n/m | $0-100.0% | $785K |
API Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F | FY1920-F | FY1820-F |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.4%+2.3pp | 64.1%+0.9pp | 63.2%+1.3pp | 61.9%0.0pp | 61.9%-2.7pp | 64.7%-3.7pp | 68.3%-2.7pp | 71.1% |
| Operating Margin | -6.7%+33.3pp | -40.0%+21.7pp | -61.7%+10.4pp | -72.0%-24.0pp | -48.0%-44.1pp | -3.9%+5.6pp | -9.4%-10.1pp | 0.6% |
| Net Margin | 6.8%+38.8pp | -32.1%+29.6pp | -61.6%+13.3pp | -74.9%-31.8pp | -43.1%-40.7pp | -2.3%+7.3pp | -9.6%-10.4pp | 0.9% |
| 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% | N/A | N/A |
| 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%+4.3pp | -4.7% | N/A |
| Current Ratio | 4.58-1.0x | 5.62+1.0x | 4.59-2.2x | 6.78-4.0x | 10.81-7.7x | 18.47+11.8x | 6.67 | N/A |
| Debt-to-Equity | 0.14+0.1x | 0.08+0.1x | 0.020.0x | 0.00 | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 0.28+0.1x | 0.22+0.1x | 0.120.0x | 0.100.0x | 0.090.0x | 0.06 | N/A | N/A |
| Asset Turnover | 0.200.0x | 0.190.0x | 0.210.0x | 0.200.0x | 0.180.0x | 0.19-0.3x | 0.49 | N/A |
| FCF Margin | 18.1%+30.6pp | -12.5%-2.2pp | -10.3%+24.9pp | -35.2%-16.0pp | -19.2%-14.4pp | -4.7%+1.6pp | -6.4%-2.4pp | -4.0% |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Agora, Inc. API | FY2025 | $141.1M | $9.5M | 6.8% | $378.8M | 49/100 |
| Ooma, Inc. OOMA | FY2026 | $273.6M | $6.5M | 2.4% | $545.7M | 34/100 |
| Blaize Holdings, Inc. BZAI | FY2025 | $38.6M | -$206.9M | N/A | $34.7M | 37/100 |
| PubMatic, Inc. PUBM | FY2025 | $282.9M | -$14.5M | -5.1% | $785.3M | 42/100 |
| CS Disco, Inc. LAW | FY2025 | $156.8M | -$44.4M | -28.3% | $329.1M | 67/100 |
| ReposiTrak, Inc. TRAK | FY2026 | $23.3M | $7.6M | 32.5% | $133.2M | 85/100 |
Where Agora, Inc. Ranks
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. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
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. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Agora, Inc.'s liabilities-to-equity ratio?
Agora, Inc. (API) had a liabilities-to-equity ratio of 0.28 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-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 P/E ratio?
Agora, Inc. (API) trades at 39.8x earnings, its market capitalization divided by $9.5M net income, FY2025. The market capitalization is $378.8M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Agora, Inc.'s price-to-sales ratio?
Agora, Inc. (API) trades at 2.7x sales, its market capitalization divided by $141.1M revenue, FY2025. The market capitalization is $378.8M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Agora, Inc.'s Altman Z-Score?
Agora, Inc. (API) has an Altman Z-Score of 1.00, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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) reported an operating loss of $9.4M against $36K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.