Agora Inc
NASDAQ:API

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Agora Inc
NASDAQ:API
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Price: 3.64 USD 2.82% Market Closed
Market Cap: $340.4m

Agora Inc
Investor Relations

Agora, Inc. provides real-time engagement platform that increase user engagement and retention with a developer platform for live, interactive audio, video, and messaging features. The company is headquartered in Shanghai, Shanghai. The company went IPO on 2020-06-25. The firm operates a real-time engagement platform-as-a-service (RTE-PaaS) to provide the software and infrastructure required to enable real-time engagement. The firm's products include Real-Time Video, Real-Time Voice, Real-Time Messaging, Real-Time Recording and so on. The products and services are applied in social, gaming, retail, education and other areas. The firm operates its businesses in China, the United States and other countries in Asia Pacific region.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 3, 2026
AI Summary
Q4 2025

Revenue: Q4 revenue $38.2 million, up 10.7% YoY and above the high end of guidance.

Profitability: GAAP net income $4.9 million (12.9% net margin); fifth consecutive profitable quarter and first full year of GAAP profitability since 2018.

AI Momentum: Conversational AI usage has more than doubled each quarter since launch; company targets conversational AI to approach 5% of ARR by year-end.

Key Win: Delivered near‑real‑time HD streaming to ~600,000 peak concurrent viewers for a major live shopping event (MrBeast on Whatnot), underscoring scale and latency strengths.

Margins: Gross margin 65.1%, down 1.5 percentage points YoY (driven by low-scale conversational AI usage); management expects gross margin roughly flat near Q4 levels in near term.

Cash & Buybacks: Cash and equivalents $374.9 million; repurchased $10.9 million in the quarter and board extended the repurchase program through Feb 28, 2027.

Guidance: Q1 2026 revenue guide $36.0–$37.0 million (up 8.1%–11.1% YoY).

Profitability Outlook: Company expects operating income to improve in 2026 and targets GAAP operating profit in Q4 2026 (after ~$6 million share‑based comp and ~$4 million HQ amortization).

Key Financials
Total revenue
$38.2 million
Net income
$4.9 million
Net income margin
12.9%
Agora revenue
$19.9 million
Shengwang revenue
RMB 129.2 million
Dollar-Based Net Retention Rate (Agora)
109%
Dollar-Based Net Retention Rate (Shengwang)
89%
Gross margin
65.1%
R&D expenses
$13.6 million
Sales & marketing expenses
$7.1 million
G&A expenses
$5.4 million
Operating cash flow
$9.3 million
Cash, cash equivalents & deposits
$374.9 million
Share repurchase (Q4)
$10.9 million
Shares repurchased to date
$143.1 million (71.6% of $200M program)
Q1 2026 revenue guidance
$36.0 million to $37.0 million
Conversational AI ARR target
approach 5% of ARR by year-end
Share-based compensation (2026 forecast)
$6 million
Headquarters amortization (2026 forecast)
nearly $4 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Bin Zhao
Co-Founder, CEO & Chairman
No Bio Available
Mr. Tony Wang
Co-Founder & Chief Revenue Officer
No Bio Available
Mr. Jingbo Wang
Chief Financial Officer
No Bio Available
Charles Hedden
Vice President of Finance and Operations
No Bio Available
Mr. Sheng Zhong
Chief Scientist, CTO & Director
No Bio Available
Andrew Thompson
Vice President of Sales
No Bio Available
Mr. Roger Hale
Chief Security Officer
No Bio Available
Mr. Patrick Ferriter
Senior Vice President of Product & Product Marketing
No Bio Available

Contacts

Address
SHANGHAI
Shanghai
Fl 8 Bldg 12, Phase Iii Of Kic, Songhu Road 333, Yangpu District
Contacts
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