Agora, Inc. Reports Fourth Quarter and Fiscal Year 2025 Financial Results
Rhea-AI Summary
Agora, Inc. (NASDAQ: API) reported fourth-quarter and full-year 2025 results with total Q4 revenue of $38.2M (+10.7% YoY) and FY2025 revenue of $141.1M (+5.9% YoY). The company reported GAAP net income of $4.9M in Q4 and $9.5M for FY2025, its first full year of profitability since 2018 and fifth consecutive profitable quarter.
Key operating notes: Agora segment revenue growth, Shengwang mixed performance, gross margin ~66%, operating expenses down materially, and an active share repurchase program extended through Feb 28, 2027.
Positive
- First full-year profitability since 2018 with FY2025 net income of $9.5M
- Agora segment revenue +16.1% in 2025 to $74.9M
- Operating expenses -25.5% in 2025, improving operating leverage
- Share repurchases $143.1M repurchased (71.6% of $200M program) and program extended
Negative
- Loss from operations $9.4M for FY2025 despite net income, indicating non-operating offsets
- Shengwang revenue -3.5% in 2025 to RMB472.7M ($66.2M), partially due to end-of-sale products
- Q4 gross margin compressed to 65.1% from 66.6%, reflecting product mix change
Key Figures
Market Reality Check
Peers on Argus
API is modestly down while close software peers are mixed: BZAI down 5.22%, but LAW up 13.55%, PUBM up 3.41%, and OOMA up 2.13%. Momentum scans show only one peer (EGHT) moving up, reinforcing a stock-specific reaction.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 19 | Q3 2025 earnings | Positive | +9.1% | Strong revenue growth, fourth GAAP-profitable quarter, cost cuts and buybacks. |
| Aug 18 | Q2 2025 earnings | Negative | -7.8% | Flat revenue, Shengwang decline and CTO exit despite GAAP profitability. |
| May 27 | Q1 2025 earnings | Positive | -1.9% | Return to profit with modest growth and higher margins, but shares slipped. |
| Feb 24 | Q4/FY 2024 earnings | Positive | +5.5% | First GAAP-profitable quarter, improved margins and narrowed full-year loss. |
| Nov 25 | Q3 2024 earnings | Negative | -0.4% | Revenue decline and large loss with restructuring and equity award charges. |
Earnings releases have generally been received positively, with most showing aligned price moves as the company pivoted from losses to multi-quarter GAAP profitability.
Across the last five earnings releases since Q3 2024, Agora shifted from double‑digit revenue declines and large net losses to steady growth and repeated GAAP profitability. Q4 2024 marked the first profitable quarter, followed by improving gross margins, sharply lower operating expenses, and rising cash balances through Q1–Q3 2025. Share repurchases have steadily reduced the share count. Today’s Q4/FY 2025 report extends that trend with higher revenue, full‑year profitability, and continued buybacks, reinforcing the multi-quarter turnaround.
Historical Comparison
Historically, Agora’s earnings headlines moved an average of 0.91%, with most reactions aligning to fundamentals as the firm progressed from losses to sustained GAAP profitability.
Earnings releases show a clear transition from 2024 revenue contraction and sizable losses to 2025 revenue growth, multiple consecutive GAAP-profitable quarters, expanding gross margins, and shrinking operating expenses, supported by active share repurchases.
Market Pulse Summary
This announcement highlights Agora’s fifth consecutive GAAP-profitable quarter, with Q4 2025 revenue of $38.2M and full-year net income of $9.5M after a prior-year loss. Operating cash flow improved to $27.2M, and the company ended 2025 with $374.9M in cash, deposits and bank products. Active share repurchases have reduced the share count, while Q1 2026 guidance of $36M–$37M implies continued growth. Investors may watch segment trends, gross margin, and operating expenses to gauge the durability of this profitability phase.
Key Terms
platform-as-a-service technical
paas technical
dollar-based net retention rate financial
contract assets financial
current expected credit loss financial
operating lease right-of-use assets financial
AI-generated analysis. Not financial advice.
SANTA CLARA, Calif., March 02, 2026 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in conversational AI and real-time engagement technology, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025.
“We are pleased to report our fifth consecutive quarter of GAAP profitability, marking our first full year of profitability since 2018, driven by sustained double-digit revenue growth,” said Tony Zhao, Founder, Chairman, and CEO of Agora, Inc. “Our platform's scalability was validated during a high-profile Super Bowl live shopping event, where we streamed full HD video to nearly 600,000 peak concurrent viewers worldwide while enabling their interactions at sub-second latency. We are also seeing rapid adoption of our Conversational AI engine; since its launch in March 2025, usage has more than doubled each quarter. We started 2026 with strong reception of our conversational AI solutions for Physical AI at CES in January, highlighted by our leading vision and motion control capabilities, and we remain focused on driving revenue growth and advancing conversational AI innovation throughout 2026.”
Fourth Quarter 2025 Highlights
- Total revenues for the quarter were
$38.2 million , an increase of10.7% from$34.5 million in the fourth quarter of 2024.- Agora:
$19.9 million for the quarter, an increase of14.4% from$17.4 million in the fourth quarter of 2024. - Shengwang: RMB129.2 million (
$18.3 million ) for the quarter, an increase of5.7% from RMB122.2 million ($17.1 million ) in the fourth quarter of 2024.
- Agora:
- Active Customers
- Agora: 2,085 as of December 31, 2025, an increase of
21.0% from 1,723 as of December 31, 2024. - Shengwang: 1,876 as of December 31, 2025, a decrease of
5.2% from 1,979 as of December 31, 2024.
- Agora: 2,085 as of December 31, 2025, an increase of
- Dollar-Based Net Retention Rate
- Agora:
109% for the trailing 12-month period ended December 31, 2025. - Shengwang:
89% for the trailing 12-month period ended December 31, 2025.
- Agora:
- Net income for the quarter was
$4.9 million , compared to$0.2 million in the fourth quarter of 2024. - Total cash, cash equivalents, bank deposits and financial products issued by banks as of December 31, 2025 was
$374.9 million . - Net cash provided by operating activities for the quarter was
$9.3 million , compared to$4.5 million in the fourth quarter of 2024.
Fiscal Year 2025 Highlights
- Total revenues in 2025 were
$141.1 million , an increase of5.9% from$133.3 million in 2024, which included revenue from certain end-of-sale products of$6.6 million .- Agora:
$74.9 million in 2025, an increase of16.1% from$64.5 million in 2024. - Shengwang: RMB472.7 million (
$66.2 million ) in 2025, a decrease of3.5% from RMB489.6 million ($68.8 million ) in 2024. Certain end-of-sale products generated revenue of nil for the year and RMB47.4 million ($6.6 million ) in 2024.
- Agora:
- Net income in 2025 was
$9.5 million , compared to net loss of$42.7 million in 2024. - Net cash provided by operating activities in 2025 was
$27.2 million , compared to net cash used in operating activities of$14.1 million in 2024.
Fourth Quarter 2025 Financial Results
Revenues
Total revenues were
Cost of Revenues
Cost of revenues was
Gross Profit and Gross Margin
Gross profit was
Operating Expenses
Operating expenses were
- Research and development expenses were
$13.6 million in the fourth quarter of 2025, a decrease of7.7% from$14.8 million in the same period last year, primarily due to a decrease in personnel costs as the Company optimized its global workforce, including a decrease in share-based compensation from$1.2 million in the fourth quarter of 2024 to$0.2 million in the fourth quarter of 2025. - Sales and marketing expenses were
$7.1 million in the fourth quarter of 2025, a decrease of2.1% from$7.3 million in the same period last year, primarily due to a decrease in personnel costs as the Company optimized its global workforce. - General and administrative expenses were
$5.4 million in the fourth quarter of 2025, a decrease of16.5% from$6.4 million in the same period last year, primarily due to a decrease in allowance for current expected credit loss, mainly as a result of improved customer credit conditions and collection outcomes.
Loss from Operations
Loss from operations was
Interest Income
Interest income was
Net Income
Net income was
Net Income per American Depositary Share attributable to Ordinary Shareholders
Basic and diluted net income per American Depositary Share (“ADS”)1 attributable to ordinary shareholders was
Fiscal Year 2025 Financial Results
Revenues
Total revenues in 2025 were
Cost of Revenues
Cost of revenues in 2025 was
Gross Profit and Gross Margin
Gross profit in 2025 was
Operating Expenses
Operating expenses in 2025 were
- Research and development expenses in 2025 were
$55.5 million , a decrease of31.0% from$80.3 million in 2024, primarily due a decrease in personnel costs as the Company optimized its global workforce, including a decrease in share-based compensation from$17.1 million in 2024 to$3.3 million in 2025. - Sales and marketing expenses in 2025 were
$26.4 million , a decrease of3.2% from$27.2 million in 2024, primarily due to a decrease in personnel costs as the Company optimized its global workforce. - General and administrative expenses in 2025 were
$22.7 million , a decrease of30.8% from$32.8 million in 2024, primarily due to a decrease in personnel costs as the Company optimized its global workforce, as well as a decrease in allowance for current expected credit loss, mainly as a result of improved customer credit conditions and collection outcomes.
Loss from Operations
Loss from operations in 2025 was
Interest Income
Interest income in 2025 was
Investment Income (Loss)
Investment income in 2025 was
Other income
Other income in 2025 was
Net Income (Loss)
Net income in 2025 was
Net Income (Loss) per ADS attributable to ordinary shareholders
Basic and diluted net income per American Depositary Share (“ADS”) attributable to ordinary shareholders were
Share Repurchase Program
During the three months ended December 31, 2025, the Company repurchased approximately 12.0 million of its Class A ordinary shares (equivalent to approximately 3.0 million ADSs) for approximately US
As of December 31, 2025, the Company had repurchased approximately 162.2 million of its Class A ordinary shares (equivalent to approximately 40.5 million ADSs) for approximately US
As of December 31, 2025, the Company had 349.3 million ordinary shares (equivalent to approximately 87.3 million ADSs) outstanding, compared to 449.8 million ordinary shares (equivalent to approximately 112.5 million ADSs) outstanding as of January 31, 2022 before the share repurchase program commenced.
The board of directors has authorized an extension of the existing share repurchase program through February 28, 2027, with all other terms remaining unchanged.
Financial Outlook
Based on currently available information, the Company expects total revenues for the first quarter of 2026 to be between
Earnings Call
The Company will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on March 2, 2026. Details for the conference call are as follows:
Event title: Agora, Inc. 4Q 2025 Financial Results
The call will be available at https://edge.media-server.com/mmc/p/9jcg52bq
Investors who want to hear the call should log on at least 15 minutes prior to the broadcast. Participants may register for the call with the link below.
https://register-conf.media-server.com/register/BI50cb6a6dcafc4d2b905d0fed1148e037
Please visit the Company’s investor relations website at https://investor.agora.io on March 2, 2026 to view the earnings release and accompanying slides prior to the conference call.
Operating Metrics
The Company also uses other operating metrics included in this press release and defined below to assess the performance of its business.
Active Customers
An active customer at the end of any period is defined as an organization or individual developer from which the Company generated more than
Dollar-Based Net Retention Rate
Dollar-Based Net Retention Rate is calculated for a trailing 12-month period by first identifying all customers in the prior 12-month period, and then calculating the quotient from dividing the revenue generated from such customers in the trailing 12-month period by the revenue generated from the same group of customers in the prior 12-month period. As the vast majority of revenue generated from Agora’s customers is denominated in U.S. dollars, while the vast majority of revenue generated from Shengwang’s customers is denominated in Renminbi, Dollar-Based Net Retention Rate is calculated in U.S. dollars for Agora and in Renminbi for Shengwang, which has substantially removed the impact of foreign currency translations. Shengwang excluded the revenues from certain end-of-sale products. The Company believes Dollar-Based Net Retention Rate facilitates operating performance comparisons on a period-to-period basis.
Safe Harbor Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding the Company’s financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. Among other things, the Financial Outlook in this announcement contain forward-looking statements. These forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the growth of the RTE-PaaS market; the Company’s ability to manage its growth and expand its operations; the Company’s ability to attract new developers and convert them into customers; the Company’s ability to retain existing customers and expand their usage of its platform and products; the Company’s ability to drive popularity of existing use cases and enable new use cases, including through quality enhancements and introduction of new products, features and functionalities; the Company’s fluctuating operating results; competition; the effect of broader technological and market trends on the Company’s business and prospects; general economic conditions and their impact on customer and end-user demand; and other risks and uncertainties included elsewhere in the Company’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the final prospectus related to the IPO filed with the SEC on June 26, 2020. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
About Agora, Inc.
Agora, Inc. is the holding company of two independent divisions, under Agora brand and Shengwang brand.
Headquartered in Santa Clara, California, Agora is a pioneer and global leader in conversational AI and Real-Time Engagement Platform-as-a-Service (PaaS), providing developers with simple, flexible, and powerful application programming interfaces, or APIs, to embed real-time conversational AI, video, voice, chat and interactive streaming into their applications.
Headquartered in Shanghai, China, Shengwang is a pioneer and leading conversational AI and Real-Time Engagement PaaS provider in the China market.
For more information on Agora, please visit: www.agora.io
For more information on Shengwang, please visit: www.shengwang.cn
| Agora, Inc. Consolidated Balance Sheets (Unaudited, in US$ thousands) | |||||
| As of | As of | ||||
| December 31, | December 31, | ||||
| 2025 | 2024 | ||||
| Assets | |||||
| Current assets: | |||||
| Cash and cash equivalents | 75,446 | 27,083 | |||
| Short-term bank deposits | 84,460 | 168,327 | |||
| Short-term financial products issued by banks | 55,000 | 71,464 | |||
| Short-term investments | 4,583 | 2,787 | |||
| Restricted cash | 200 | 3,745 | |||
| Accounts receivable, net | 24,867 | 30,952 | |||
| Prepayments and other current assets | 14,590 | 22,593 | |||
| Contract assets | 123 | 1,099 | |||
| Held-for-sale assets | 831 | - | |||
| Total current assets | 260,100 | 328,050 | |||
| Property and equipment, net | 3,947 | 4,680 | |||
| Construction in progress in relation to the headquarters project | 84,239 | 44,486 | |||
| Operating lease right-of-use assets | 2,145 | 3,866 | |||
| Intangible assets | 96 | 611 | |||
| Long-term bank deposits | 160,001 | 35,500 | |||
| Long-term financial products issued by banks | - | 61,400 | |||
| Long-term investments | 29,182 | 40,710 | |||
| Land use right, net | 161,591 | 161,395 | |||
| Other non-current assets | 19,798 | 18,956 | |||
| Total assets | 721,099 | 699,654 | |||
| Liabilities and shareholders’ equity | |||||
| Current liabilities: | |||||
| Accounts payable | 9,638 | 12,965 | |||
| Advances from customers | 7,906 | 8,738 | |||
| Taxes payable | 696 | 2,210 | |||
| Current operating lease liabilities | 1,521 | 1,749 | |||
| Payables for construction costs | 16,607 | 12,834 | |||
| Accrued expenses and other current liabilities | 20,417 | 19,839 | |||
| Total current liabilities | 56,785 | 58,335 | |||
| Long-term payable | 3 | 1 | |||
| Long-term operating lease liabilities | 399 | 1,922 | |||
| Deferred tax liabilities | 12 | 92 | |||
| Long-term borrowings in relation to the headquarters project | 80,420 | 46,469 | |||
| Advance in relation to the headquarters project | 20,632 | 20,174 | |||
| Total liabilities | 158,251 | 126,993 | |||
| Shareholders’ equity: | |||||
| Class A ordinary shares | 39 | 39 | |||
| Class B ordinary shares | 8 | 8 | |||
| Additional paid-in-capital | 1,145,126 | 1,144,238 | |||
| Treasury shares, at cost | (95,238 | ) | (72,739 | ) | |
| Accumulated other comprehensive loss | (9,987 | ) | (12,257 | ) | |
| Accumulated deficit | (477,100 | ) | (486,628 | ) | |
| Total shareholders’ equity | 562,848 | 572,661 | |||
| Total liabilities and shareholders’ equity | 721,099 | 699,654 | |||
| Agora, Inc. Consolidated Statements of Comprehensive Income (Loss) (Unaudited, in US$ thousands, except share and per ADS amounts) | ||||||||||
| Three Month Ended | Year Ended | |||||||||
| December 31, | December 31, | |||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||
| Real-time engagement service revenues | 36,799 | 31,908 | 137,971 | 127,624 | ||||||
| Real-time engagement on-premise solution and other revenues | 1,356 | 2,545 | 3,086 | 5,632 | ||||||
| Total revenues | 38,155 | 34,453 | 141,057 | 133,256 | ||||||
| Cost of revenues | 13,327 | 11,505 | 47,393 | 47,809 | ||||||
| Gross profit | 24,828 | 22,948 | 93,664 | 85,447 | ||||||
| Operating expenses: | ||||||||||
| Research and development | 13,648 | 14,793 | 55,459 | 80,344 | ||||||
| Sales and marketing | 7,123 | 7,276 | 26,352 | 27,220 | ||||||
| General and administrative | 5,364 | 6,423 | 22,670 | 32,772 | ||||||
| Total operating expenses | 26,135 | 28,492 | 104,481 | 140,336 | ||||||
| Other operating income | 328 | 664 | 1,407 | 1,578 | ||||||
| Loss from operations | (979 | ) | (4,880 | ) | (9,410 | ) | (53,311 | ) | ||
| Exchange gain | 891 | 60 | 1,623 | 168 | ||||||
| Interest income | 3,858 | 3,697 | 15,051 | 16,941 | ||||||
| Interest expense | (14 | ) | (2 | ) | (36 | ) | (253 | ) | ||
| Investment income (loss) | 319 | 705 | 1,457 | (3,328 | ) | |||||
| Other income | 1,198 | 793 | 1,198 | 793 | ||||||
| Income (loss) before income taxes | 5,273 | 373 | 9,883 | (38,990 | ) | |||||
| Income taxes | (131 | ) | (109 | ) | (323 | ) | (258 | ) | ||
| Loss from equity in affiliates | (224 | ) | (106 | ) | (32 | ) | (3,479 | ) | ||
| Net income (loss) | 4,918 | 158 | 9,528 | (42,727 | ) | |||||
| Net income (loss) attributable to ordinary shareholders | 4,918 | 158 | 9,528 | (42,727 | ) | |||||
| Other comprehensive income (loss): | ||||||||||
| Foreign currency translation adjustments | 981 | (4,350 | ) | 2,270 | (2,230 | ) | ||||
| Total comprehensive income (loss) attributable to ordinary shareholders | 5,899 | (4,192 | ) | 11,798 | (44,957 | ) | ||||
| Net income (loss) per ADS attributable to ordinary shareholders, basic and diluted | ||||||||||
| Basic | 0.05 | 0.002 | 0.10 | (0.46 | ) | |||||
| Diluted | 0.05 | 0.002 | 0.10 | (0.46 | ) | |||||
| Weighted-average shares used in computing net income (loss) per ADS attributable to ordinary shareholders, basic and diluted | ||||||||||
| Basic | 358,571,676 | 375,058,357 | 367,898,081 | 373,122,317 | ||||||
| Diluted | 387,890,498 | 402,004,818 | 395,420,348 | 373,122,317 | ||||||
| Share-based compensation expenses included in: | ||||||||||
| Cost of revenues | (9 | ) | 28 | 82 | 212 | |||||
| Research and development expenses | 193 | 1,176 | 3,274 | 17,062 | ||||||
| Sales and marketing expenses | 43 | (60 | ) | 694 | 778 | |||||
| General and administrative expenses | 585 | 353 | 1,514 | 4,685 | ||||||
| Agora, Inc. Consolidated Statements of Cash Flows (Unaudited, in US$ thousands) | |||||||||
| Three Month Ended | Year Ended | ||||||||
| December 31, | December 31, | ||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||
| Cash flows from operating activities: | |||||||||
| Net income (loss) | 4,918 | 158 | 9,528 | (42,727 | ) | ||||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||
| Share-based compensation expenses | 812 | 1,497 | 5,564 | 22,737 | |||||
| Allowance for current expected credit losses | 164 | 1,465 | 4,031 | 8,728 | |||||
| Depreciation of property and equipment | 415 | 733 | 2,008 | 3,459 | |||||
| Amortization of intangible assets | 126 | 130 | 515 | 663 | |||||
| Amortization of land use right | 861 | 851 | 3,413 | 3,423 | |||||
| Deferred tax expense | (19 | ) | (20 | ) | (81 | ) | (102 | ) | |
| Amortization of right-of-use asset and interest on lease liabilities | 455 | 541 | 2,060 | 2,576 | |||||
| Investment (income) loss | (319 | ) | (705 | ) | (1,457 | ) | 3,328 | ||
| Loss from equity in affiliates | 224 | 106 | 32 | 3,479 | |||||
| Loss (gain) on disposal of property and equipment | 3 | (25 | ) | 8 | (9 | ) | |||
| Changes in assets and liabilities: | |||||||||
| Accounts receivable | (7 | ) | 4,371 | 2,406 | (5,047 | ) | |||
| Contract assets | - | - | 978 | (67 | ) | ||||
| Prepayments and other current assets | (2,716 | ) | (1,764 | ) | 7,623 | (13,893 | ) | ||
| Other non-current assets | 1,606 | (813 | ) | (2,723 | ) | 5,855 | |||
| Accounts payable | (1,052 | ) | (2,290 | ) | (3,117 | ) | (248 | ) | |
| Advances from customers | 143 | 755 | (970 | ) | 1,071 | ||||
| Taxes payable | (493 | ) | 565 | (1,532 | ) | 1,326 | |||
| Operating lease liabilities | (665 | ) | (559 | ) | (2,163 | ) | (2,878 | ) | |
| Deferred income | 78 | - | 252 | 62 | |||||
| Accrued expenses and other liabilities | 4,744 | (461 | ) | 858 | (5,865 | ) | |||
| Net cash provided by (used in) operating activities | 9,278 | 4,535 | 27,233 | (14,129 | ) | ||||
| Cash flows from investing activities: | |||||||||
| Purchase of property and equipment | (416 | ) | (249 | ) | (1,701 | ) | (2,546 | ) | |
| Purchase of short-term bank deposits | (10,035 | ) | (25,200 | ) | (60,963 | ) | (68,300 | ) | |
| Purchase of short-term financial products issued by banks | - | - | (65,348 | ) | (70,391 | ) | |||
| Proceeds from maturity of short-term bank deposits | 5,077 | 18,779 | 204,334 | 130,020 | |||||
| Proceeds from maturity of short-term financial products issued by banks | 10,129 | 35,884 | 144,923 | 105,395 | |||||
| Proceeds from sales of short-term investments | 274 | 235 | 514 | 235 | |||||
| Proceeds from dividends of short-term investments | - | - | 110 | - | |||||
| Purchase of long-term bank deposits | (10,000 | ) | (15,000 | ) | (184,001 | ) | (35,500 | ) | |
| Purchase of long-term financial products issued by banks | - | (20,000 | ) | - | (61,400 | ) | |||
| Purchase of long-term investments | - | - | - | (562 | ) | ||||
| Purchase of construction in progress for the headquarters project | (5,866 | ) | (13,353 | ) | (31,914 | ) | (35,248 | ) | |
| Disposal of property and equipment | 7 | 35 | 41 | 93 | |||||
| Cash received for business disposal | 2,909 | - | 7,319 | - | |||||
| Cash received from disposal of long-term investments | - | - | - | 155 | |||||
| Net cash (used in) provided by investing activities | (7,921 | ) | (18,869 | ) | 13,314 | (38,049 | ) | ||
| Cash flows from financing activities: | |||||||||
| Proceeds from long-term borrowings | 5,872 | 13,613 | 32,375 | 35,790 | |||||
| Proceeds from exercise of employees’ share options | 73 | 303 | 609 | 853 | |||||
| Payment of financing cost | (273 | ) | - | (273 | ) | - | |||
| Deposit received in relation to headquarters project | - | 1,128 | - | 20,408 | |||||
| Repurchase of Class A ordinary shares | (10,869 | ) | (1,390 | ) | (27,719 | ) | (11,057 | ) | |
| Net cash (used in) provided by financing activities | (5,197 | ) | 13,654 | 4,992 | 45,994 | ||||
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | (495 | ) | (840 | ) | (721 | ) | (162 | ) | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (4,335 | ) | (1,520 | ) | 44,818 | (6,346 | ) | ||
| Cash, cash equivalents and restricted cash at beginning of period * | 79,981 | 32,348 | 30,828 | 37,174 | |||||
| Cash, cash equivalents and restricted cash at end of period ** | 75,646 | 30,828 | 75,646 | 30,828 | |||||
| Supplemental disclosure of cash flow information: | |||||||||
| Income taxes paid | 58 | 52 | 233 | 185 | |||||
| Cash payments included in the measurement of operating lease liabilities | 665 | 559 | 2,163 | 2,878 | |||||
| Right-of-use assets obtained in exchange for operating lease obligations | - | - | 90 | 2,325 | |||||
| Non-cash financing and investing activities: | |||||||||
| Proceeds receivable from exercise of employees’ share options | 13 | 275 | 35 | 417 | |||||
| Payables for financing cost | 1,762 | - | 1,762 | - | |||||
| Payables for property and equipment | 31 | 398 | 31 | 398 | |||||
| Payables for construction in progress in relation to the headquarters project | 7,418 | 8,975 | 16,607 | 12,834 | |||||
| Payables for treasury shares, at cost | 326 | 83 | 326 | 83 | |||||
| * includes restricted cash balance | 200 | 230 | 3,745 | 280 | |||||
| ** includes restricted cash balance | 200 | 3,745 | 200 | 3,745 | |||||
________________
1 One ADS represents four Class A ordinary shares.
Investor Contact: investor@agora.io Media Contact: press@agora.io
FAQ
What were Agora (API) revenue and net income for Q4 2025?
Did Agora (API) report profitability for the full year 2025?
How did the Agora and Shengwang segments perform in 2025 for API?
What is the status of Agora's (API) share repurchase program?
What guidance did Agora (API) give for Q1 2026 revenue?
