Agora, Inc. (API) SEC Filings

Agora, Inc. reported unaudited results for the quarter ended June 30, 2026, with total revenue of $40.4 million, up 18.0% from $34.3 million a year earlier, driven mainly by real-time engagement services. Gross profit was $25.7 million and gross margin was 63.7%, down from 66.8% due to product mix and sub-scale conversational AI offerings.

Operating expenses rose modestly to $27.3 million, narrowing loss from operations to $1.0 million from $3.1 million. Net income increased to $2.2 million, marking a seventh consecutive GAAP-profitable quarter. Dollar-Based Net Retention Rate improved to 104% from 94%.

Total cash, cash equivalents, bank deposits and bank financial products were $361.7 million. Net cash used in operating activities was $2.1 million in the quarter. The company continued its share repurchase program, buying about 3.8 million Class A shares for $3.7 million, and guided Q3 2026 revenue to $41–$42 million, implying 15.8%–18.6% year-over-year growth.

Agora, Inc. director Eric He reported the vesting and exercise of 1,591 RSUs into 1,591 American Depositary Shares (ADSs) on August 1, 2026. The RSUs had a 0.0000 exercise price and represent equity compensation rather than an open‑market trade. After this transaction, he holds 86,162 ADSs and 36,600 RSUs directly.

Agora, Inc. director He Eric exercised restricted stock units to acquire 1,591 American Depositary Shares (ADSs) at a price of $0.00 per ADS. These ADSs were received through the vesting of RSUs, with each RSU delivering one ADS.

Following the transaction, He Eric directly holds 84,571 ADSs and 38,191 RSUs, which represent contingent rights to receive additional ADSs upon future vesting. Each ADS represents four Class A ordinary shares of Agora, linking the ADS holdings to the company’s underlying equity.

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.