Welcome to our dedicated page for Agora SEC filings (Ticker: API), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Agora, Inc. files as a foreign private issuer, and its SEC records document Form 6-K current reports furnished under Exchange Act Rule 13a-16. The disclosures include financial-results press releases for its real-time engagement and conversational AI business, with operating data for Agora and Shengwang, revenue, gross margin, active customer counts, retention metrics, and profitability.
The filing record also covers governance and compensation matters, including an amended and restated Global Equity Incentive Plan. These materials document equity incentive arrangements, periodic operating updates, exhibit filings, and reporting obligations associated with Agora's ADR-listed foreign-issuer structure.
Agora, Inc. director and Chief Executive Officer Zhao Bin filed an amended ownership report detailing his equity position. The filing shows indirect holdings of ADSs and ordinary shares through entities named YY TZ Limited and Much ado Limited, plus sizeable equity awards held directly. Zhao Bin holds RSUs tied to 2,250,000 underlying ADSs and an incentive stock option over 2,250,000 ADSs at an exercise price of $4.50 per ADS, both expiring on September 3, 2035. Vesting for these awards depends on time-based schedules starting around September 4, 2028 and on Agora’s ADSs achieving average closing prices of $6.00, $10.00, and $15.00 over specified twenty-day trading periods.
Agora, Inc. director Eric He reported a routine equity award vesting, exercising restricted stock units into 1,592 American Depositary Shares (ADSs). The ADSs were acquired at a price of $0.00 per ADS through RSU vesting, not through an open-market purchase or sale.
Following the transaction, He directly holds 82,980 ADSs and 39,782 RSUs. Each ADS represents four Class A Ordinary Shares of Agora, and each RSU represents the right to receive one ADS upon vesting. The filing reflects compensation-related equity vesting rather than discretionary trading in the company’s stock.
Agora, Inc. reported that founder, chairman and CEO Tony Zhao plans to use his personal funds to purchase up to US$20 million of Agora American depositary shares or Class A ordinary shares over the next 12 months. Any purchases would follow applicable regulations and the company’s insider trading policy.
The company explains that these planned management share purchases may occur in open-market trades, privately negotiated deals, block trades or other legally permitted methods, depending on market conditions. Agora also reiterates standard forward-looking statement cautions and highlights its role as a conversational AI and real-time engagement PaaS provider under the Agora and Shengwang brands.
Agora, Inc. reported first quarter 2026 revenue of $37.7 million, up 13.5% year over year, driven by greater usage of its real-time engagement services. Net income was $1.1 million, compared with $0.4 million a year earlier, marking the company’s sixth consecutive GAAP-profitable quarter.
Gross profit rose to $23.9 million, though gross margin narrowed to 63.4% from 68.0%, mainly due to product mix and sub-scale conversational AI offerings. Operating loss improved to $1.6 million, and operating expenses were essentially flat at $26.4 million.
Agora ended March 31, 2026 with $366.1 million in total cash, cash equivalents, bank deposits and bank financial products. It repurchased about 12.5 million Class A ordinary shares for roughly $13.1 million in the quarter, and has used 78.1% of its $200 million buyback authorization to date. For the second quarter of 2026, the company expects revenue between $39.0 million and $40.0 million, implying year-over-year growth of 13.7% to 16.6%.
Agora, Inc. ownership disclosure by Susquehanna Securities, LLC reports beneficial ownership of 24,717,032 shares of Class A ordinary shares, equal to 6,179,258 ADSs (each ADS = four shares). The filing states these shares represent 9.4% of the class, with 262,019,205 shares outstanding as of March 31, 2026. The statement lists sole and shared voting and dispositive powers of 24,717,032 each on the cover-page rows incorporated by reference. The filing is signed by Brian Sopinsky, Secretary, dated May 13, 2026.
Bin (Tony) Zhao and related entities reported beneficial ownership totaling 91,277,391 ordinary shares (27.0% of the class). The filing states this ownership consists of 76,179,938 Class B ordinary shares held by Much ado Limited and 15,097,453 Class A ordinary shares held by YY TZ Limited.
Shares outstanding used to calculate percentages are 338,199,143 ordinary shares as of March 31, 2026, comprising 262,019,205 Class A and 76,179,938 Class B ordinary shares, per the cited annual report on Form 20-F.
Agora, Inc. director Eric He increased his direct stake through RSU vesting. On May 1, 2026, he exercised restricted stock units, receiving 1,591 American Depositary Shares (ADSs) at a stated price of $0.00 per ADS. These ADSs were acquired through the vesting of RSUs and reflect stock-based compensation rather than an open-market purchase.
Each RSU represents the right to receive one ADS, and each ADS represents four Class A Ordinary Shares of Agora. Following the transaction, He directly holds 81,388 ADSs and continues to hold 41,374 RSUs, indicating that a substantial RSU-based equity position remains outstanding.
Agora, Inc. files its annual report on Form 20-F, detailing its real-time engagement platform business, dual-brand structure (Agora globally and Shengwang in China), and Cayman holding company model. The company reports revenues of US$141.5 million in 2023, US$133.3 million in 2024 and US$141.1 million in 2025, with a loss from operations of US$9.4 million in 2025 as it continues to invest in growth.
The report explains the termination of its variable interest entity structure in China in January 2025, with China operations now conducted through PRC subsidiaries that hold key telecom licenses. It highlights regulatory and geopolitical risks in the United States, China and other markets, including data, cybersecurity and PRC foreign investment rules, foreign exchange controls on moving cash out of China, and potential trading bans under the Holding Foreign Companies Accountable Act if U.S. audit inspections are restricted.
Agora, Inc. director and Chief Revenue Officer Wang Hua Tony filed an initial ownership report showing both option and share holdings in the company’s ADSs. This filing does not show any new purchases or sales, only current positions.
He holds an Incentive Stock Option covering 1,200,000 ADSs with a $4.00 exercise price, expiring on September 4, 2034. The option vests in three tranches of 400,000 ADSs each upon meeting separate performance goals. He also holds 334,090 ADSs directly. One ADS represents four Class A ordinary shares.
Agora, Inc. director Eric He exercised restricted stock units to receive 1,591 American Depositary Shares (ADSs). The RSUs converted at an exercise price of $0.00 per ADS as part of his equity compensation. Following this vesting event, he holds 79,797 ADSs directly.
Each RSU represents the right to receive one ADS, and each ADS represents four Class A Ordinary Shares of Agora. According to the award terms, these RSUs are scheduled to vest in equal monthly installments from April 1, 2026 until July 1, 2028.