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. filed an initial ownership report for Chief Executive Officer Zhao Bin, detailing his equity interests in the company. The filing shows direct derivative awards covering 2,250,000 ADSs under an incentive stock option with a $4.50 exercise price and an additional 2,250,000 ADSs underlying RSUs, both expiring on September 3, 2035.
The option vests 50% on September 4, 2028, with the remainder vesting monthly over the next thirty-six months. The RSUs vest in three equal tranches tied to both the same September 4, 2028 date and share price hurdles of $6.00, $10.00, and $15.00 for the company’s ADSs. Zhao Bin also has substantial indirect holdings, including 76,179,938 Class B Ordinary Shares through Much ado Limited, and 7,267,029 Class A Ordinary Shares plus 1,610,603 ADSs through YY TZ LIMITED. One ADS represents four Class A Ordinary Shares.
Agora, Inc. director Eric He has filed an initial ownership report showing his current equity interests in the company. He reports stock options covering 30,000 ADSs with a $0.4000 exercise price, expiring on June 16, 2030. These options were granted on June 17, 2020 and fully vested by June 30, 2024. He also holds RSUs representing 31,825 ADSs, which are scheduled to vest in equal monthly installments from April 1, 2026 through July 1, 2028. In addition, He directly owns 78,206 ADSs. One ADS represents four Class A ordinary shares, so these positions give him a meaningful personal stake in Agora’s performance, combining current share ownership with both fully vested options and future-vesting RSUs.
Agora, Inc. reported a strong turnaround in 2025, with total revenues of $141.1 million, up 5.9%, and net income of $9.5 million compared to a net loss of $42.7 million in 2024. Gross margin improved to 66.4% as the company exited certain low-margin products and kept cost of revenues in check.
Operating expenses fell 25.5% to $104.5 million, driven mainly by workforce optimization and sharply lower share-based compensation. In the fourth quarter, revenues reached $38.2 million, up 10.7% year over year, and net income rose to $4.9 million from $0.2 million, marking the fifth consecutive profitable quarter.
The company ended 2025 with $374.9 million in cash, cash equivalents, bank deposits and bank financial products, and generated $27.2 million of operating cash flow for the year. It has repurchased about 162.2 million Class A ordinary shares for $143.1 million since launching its $200 million buyback and extended the program through February 28, 2027. For the first quarter of 2026, Agora expects revenues between $36 million and $37 million, implying year-over-year growth of 8.1% to 11.1%.
Agora, Inc., a Cayman Islands company, filed a Form S-8 to register Class A ordinary shares for issuance under its Global Equity Incentive Plan and Amended and Restated Global Equity Incentive Plan. The filing is aimed at providing stock-based compensation to eligible participants.
The company incorporates by reference its Form 20-F for the year ended December 31, 2024 and the existing description of its Class A ordinary shares from a prior Form 8-A. It outlines director and officer indemnification under Cayman Islands law, notes the SEC’s public-policy limits on Securities Act indemnification, and discloses that Agora maintains directors and officers liability insurance.
Exhibits include the company’s memorandum and articles of association, equity plans, legal opinion on the validity of the Class A ordinary shares being registered, and auditor and counsel consents. The document concludes with standard undertakings and signatures from senior executives, directors, and Agora Lab, Inc. as the authorized U.S. representative.
Susquehanna Securities, LLC reports beneficial ownership of 24,717,432 Class A ordinary shares of Agora, Inc., representing 8.3% of the outstanding class. The position is reported as sole voting and sole dispositive power for 24,717,432 shares. The holdings break down to 6,179,358 American Depositary Shares (ADSs) plus options to buy 100 ADSs, with each ADS representing four underlying Agora shares, and the filing cites 297,863,025 total shares outstanding as of March 31, 2025. The report classifies the filer as a broker-dealer (BD) and an 'OO' reporting person and indicates the securities were acquired and are held in the ordinary course of business.