APINasdaqServices-Prepackaged SoftwareUS GAAP · USD

Agora, Inc.

Agora, Inc. is a U.S.-based software company that provides real-time engagement infrastructure through cloud APIs and SDKs. Its platform is used to add voice, video, live interactive streaming, and messaging capabilities into third-party applications, including both public cloud and on-premise deployments.

Kysy yhtiöstä
Liikevaihto141milj. USD
+5,9 %v/v
Liikevoitto (EBIT)−9,4milj. USD
+82,3 %v/v
EBIT-marginaali−6,7%
+33,3 %-yks.v/v
Nettotulos9,5milj. USD
+122,3 %v/v
Vapaa kassavirta25,5milj. USD
+253,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−200−1000100200milj. USD2020: 134 milj. USD2020: EBIT −5,2 milj. USD20202021: 168 milj. USD2021: EBIT −81 milj. USD20212022: 161 milj. USD2022: EBIT −116 milj. USD20222023: 142 milj. USD2023: EBIT −87 milj. USD20232024: 133 milj. USD2024: EBIT −53 milj. USD20242025: 141 milj. USD2025: EBIT −9,4 milj. USD2025141−9,4
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Agora, Inc.

Liiketoiminta

Osuus liikevaihdosta
Real-time engagement services92 %

Cloud-based APIs and SDKs for voice, video, messaging, and live interaction features.

On-premise solutions and other8 %

Software deployed on customer infrastructure and related non-core revenue streams.

Tuotteet

Raportoitu · osuus liikevaihdosta
97,8%FY2025100 %
  • Services97,8 %
  • Other2,2 %

Lähde: 20-F FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Agora sells to software developers and organizations that embed communications features into their own products. Its customers use the platform to launch real-time interaction experiences without building telecom-grade infrastructure from scratch. The business serves application builders across consumer internet, education, social, enterprise collaboration, and live-streaming use cases.

Software developers and app builders

Buy APIs and SDKs to integrate voice, video, chat, and streaming into applications.

Consumer internet platforms

Use the platform for social, live interaction, and community features in end-user apps.

Education and training platforms

Use real-time video and messaging for virtual classrooms and interactive learning.

Enterprise collaboration customers

Use communications infrastructure to power meetings, support, and workflow apps.

Live streaming and entertainment apps

Buy low-latency audio/video tools to support interactive broadcasting and events.

Strategia

The company’s strategic focus is to expand adoption of its real-time engagement platform among developers and application builders. It also emphasizes customer retention and usage growth, as reflected in its active customer and dollar-based net retention metrics, while maintaining optionality through both cloud and on-premise offerings.

Expand real-time engagement adoptionKeskipitkä aikaväli

More applications using the platform increases usage density and creates recurring developer dependency.

Improve retention and account expansionLyhyt aikaväli

Higher renewal and usage within existing customers supports platform economics and reduces acquisition dependence.

Support multiple deployment modelsKeskipitkä aikaväli

Offering cloud and on-premise solutions broadens addressable use cases and customer preferences.

Return excess capitalLyhyt aikaväli

Share repurchases can offset dilution and signal balance-sheet strength to investors.

Maantiede

2025

Agora is headquartered in Santa Clara, California and operates as a global software platform business. Its reporting highlights both Agora and Shengwang, indicating a dual-market structure with material exposure to China and other international markets. Geography matters because demand, product usage, and currency denomination differ between the U.S.-dollar-based Agora business and the renminbi-based Shengwang business.

Kina47 %
Other countries (US filing)33 %
USA20 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Agora’s results depend on customer adoption and ongoing usage of real-time communications features, which can be cyclical and competitive in software infrastructure markets. The company also faces geographic and currency exposure because parts of the business are denominated in U.S. dollars while Shengwang revenues are denominated in renminbi, and the business may be affected by changes in technology demand, regulation, and customer concentration.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Usage volatility in a consumption-based model1Competition from other communications platforms2China regulatory and geopolitical exposure3Foreign exchange translation and functional currency effects4Customer concentration or large-account churn5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Usage volatility in a consumption-based modelVaikutus: KorkeaTodennäköisyys: Korkea

    Revenue depends on customer activity and application traffic rather than fixed subscriptions.

    Kohdistuu: Real-time engagement services

  2. Competition from other communications platformsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers can choose alternative APIs, SDKs, or in-house solutions for voice and video.

    Kohdistuu: Developer platform and CPaaS-like offerings

  3. China regulatory and geopolitical exposureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A meaningful part of the business is linked to Shengwang and China-based operations.

    Kohdistuu: Shengwang revenues and operations

  4. Foreign exchange translation and functional currency effectsVaikutus: KeskitasoTodennäköisyys: Korkea

    Agora and Shengwang report in different operating currencies, affecting comparability.

    Kohdistuu: USD and RMB revenue mix

  5. Customer concentration or large-account churnVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Developer-platform revenue can be sensitive to the loss of high-usage accounts.

    Kohdistuu: Active customer base

Kysy Clarifolta: Agora, Inc.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Consumption-based services can create quarter-end timing differences in reported revenue.

Vaikutus: Affects quarterly comparability and growth rates

Operating metrics

Active customers and dollar-based net retention provide context for future revenue quality.

Vaikutus: Helps assess underlying demand trends

Share-based compensation

Equity awards affect reported operating expenses and diluted share counts.

Vaikutus: Impacts margins and per-share earnings

Foreign currency effects

Agora and Shengwang operate with different revenue currencies, which affects translation.

Vaikutus: Affects comparability and reported growth

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Päivitetty: 28.9.2026

Agora, Inc. (API) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo