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NASDAQ · TechnologyAgora, Inc. (API)
Agora, Inc. reported revenue of $141.1M in fiscal 2025, up 5.9% from a year earlier. Net income was $9.5M, a net margin of 6.8%. Operating cash flow minus capital spending left $25.5M of free cash flow in fiscal 2025. At December 31, 2025 it held $75.4M in cash against $80.4M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 15, 2026.
Key facts about Agora, Inc.
- Net worth
- Agora, Inc. has a market value (market cap) of $358.6M at the latest share price, and shareholders' equity of $562.8M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $141.1M (+5.9% year on year), with net income of $9.5M.
- Cash flow
- In fiscal 2025 operations brought in $27.2M of cash; after $1.7M of capital spending, free cash flow was $25.5M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 15, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Agora, Inc. does
Agora, Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker API.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $141.1M | $9.5M | $0.02 | $25.5M |
| 2024 | $133.3M | -$42.7M | -$0.11 | -$16.7M |
| 2023 | $141.5M | -$87.2M | -$0.22 | -$14.5M |
| 2022 | $160.7M | -$120.4M | -$0.27 | -$56.5M |
| 2021 | $168M | -$72.4M | -$0.16 | -$32.2M |
| 2020 | $133.6M | -$3.1M | -$0.76 | -$6.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where API ranks in Technology
Latest SEC filings
What Agora, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 14, 2026
- June 1, 2026
- May 28, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- April 15, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 5.9% to $141.1M versus the prior year; diluted EPS $0.02 versus -$0.11.
- March 3, 2026
- November 20, 2025
- August 19, 2025
- August 19, 2025
Insider trades
What the people running Agora, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $1.5M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Zhao BinChief Executive Officer, Director | Boughtindirect | 8,966 | $37.7K |
| November 5, 2026 | Zhao BinChief Executive Officer, Director | Boughtindirect | 9,699 | $42K |
| November 4, 2026 | Zhao BinChief Executive Officer, Director | Boughtindirect | 10,000 | $43.5K |
| November 3, 2026 | Zhao BinChief Executive Officer, Director | Boughtindirect | 10,000 | $41.6K |
| November 2, 2026 | Zhao BinChief Executive Officer, Director | Boughtindirect | 9,478 | $41.4K |
| October 30, 2026 | Zhao BinChief Executive Officer, Director | Boughtindirect | 9,095 | $39.8K |
| October 29, 2026 | Zhao BinChief Executive Officer, Director | Boughtindirect | 9,429 | $41.9K |
| October 28, 2026 | Zhao BinChief Executive Officer, Director | Boughtindirect | 9,549 | $42.7K |
Who owns API
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Bin (Tony) Zhao13G, passive with 2 related filers | 27% | May 15, 2026 |
| Susquehanna Securities, LLC13G, passive | 9.4% | May 15, 2026 |
| TMT General Partner Ltd.13G, passive with 9 related filers | 8.1% | August 6, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 58 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Susquehanna International Group, Llp | 7,484,011 | 0 |
| TMT General Partner Ltd | 2,352,651 | 0 |
| Hhlr Advisors, Ltd. | 2,098,553 | 0 |
| Allspring Global Investments Holdings, LLC | 1,783,785 | 0 |
| Arrowstreet Capital, Limited Partnership | 1,040,144 | +263,938 |
| Yunqi Capital Ltd | 964,203 | -1,041,097 |
| Morgan Stanley | 866,109 | -196,143 |
| Renaissance Technologies LLC | 739,500 | +243,371 |
| Yiheng Capital Management, L.P. | 725,795 | 0 |
| Clearline Capital LP | 636,960 | new |
| Connor, Clark & Lunn Investment Management Ltd. | 509,002 | +178,287 |
| Harber Asset Management LLC | 506,189 | +341,320 |
| Dimensional Fund Advisors LP | 375,567 | -13,462 |
| Two Sigma Investments, LP | 270,134 | +151,005 |
| Millennium Management LLC | 255,431 | new |
| PEAK6 LLC | 212,634 | -6,515 |
| Sei Investments Co | 201,474 | -10,637 |
| UBS Group AG | 159,464 | -811,410 |
| Citadel Advisors LLC | 158,691 | +23,975 |
| Oasis Management Co Ltd. | 153,885 | 0 |
Insiders
2 insiders reported holding 2,390,894 shares in total, about $10.3M at the last price.
| Holder | Shares |
|---|---|
| Zhao BinChief Executive Officer, Director | 2,301,5492,301,549 held indirectly |
| He EricDirector | 89,345 |
Questions about API
What does Agora, Inc. do?
Agora, Inc. is a company in the Technology sector, listed on NASDAQ as API. Its shares trade on NASDAQ under the ticker API.
What is Agora, Inc.'s net worth?
Agora, Inc. has a market value (market cap) of $358.6M at the latest share price, and shareholders' equity of $562.8M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Agora, Inc. profitable?
Yes. In fiscal 2025 it reported net income of $9.5M on revenue of $141.1M, a net margin of 6.8%.
How much revenue does Agora, Inc. make?
In fiscal 2025 Agora, Inc. reported revenue of $141.1M. That is 5.9% more than a year earlier.
When did Agora, Inc. last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 15, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the insider trade from November 9, 2026.
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Where the numbers come from
Financial figures are the values Agora, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.