Agora, Inc. (API) AI Stock Analysis

Agora, Inc., headquartered in Shanghai, China, offers a Real-Time Engagement Platform-as-a-Service (RTE-PaaS) across China, the United States, and globally. Its platform provides software tools for developers to integrate real-time video, voice, and messaging into applications, supported by its Software-Defined Real-Time Network. Product offerings include video calling, voice calling, interactive live streaming, chat, signaling acceleration tools, and extensions such as interactive whiteboards, recording, and analytics. Agora also provides low-code and no-code tools including Flexible Classroom and App Builder, serving industries such as social media, entertainment, gaming, education, enterprise solutions, e-commerce, financial services, healthcare, and IoT.

Revenue grew 5.9% in FY2025 to $141.1M, rebounding from three consecutive years of contraction that saw revenue decline 4.4% in FY2022, 11.9% in FY2023, and 5.9% in FY2024. Gross margin expanded steadily from 61.9% in FY2021 to 66.4% in FY2025. Agora recorded net income of $9.6M in FY2025 after a net loss of $42.7M in FY2024, producing operating cash flow of $27.2M. Over the trailing twelve months, revenue reached $151.7M with an operating margin of -2.4% and net profit margin of 7.2%. In the quarter ended June 30, 2026, quarterly revenue grew 18.0% year-over-year while quarterly earnings surged 140.0%.

As of June 30, 2026, Agora held $344.0M in cash and short-term investments alongside $101.4M in total debt, resulting in net cash of $242.6M. The company reported a current ratio of 5.11 and a debt-to-equity ratio of 0.18 on $556.6M in shareholders' equity. In FY2025, operating cash flow turned positive at $27.2M, while free cash flow was -$4.7M after capital expenditures of $31.9M. Agora directed $27.8M toward share buybacks in FY2025, contributing to a 17.2% reduction in share count over five years.

Agora trades at an enterprise value of $122.9M and a market capitalization of $367.8M. Its trailing price-to-earnings ratio stands at 43.5x, compared to 28.1x for the median of its US-listed Technology peers. Agora's forward price-to-earnings ratio is 434.8x against the peer median of 18.8x, while its enterprise value-to-EBITDA ratio of 6.6x sits below the peer median of 16.6x. Price-to-sales is 2.4x versus 2.8x for peers. Over the past year, the stock returned 23.6%, outperforming the S&P 500 (SPY) return of 16.8%, but remains down 84.5% over five years compared to an 83.0% gain for the index.

Wall Street coverage includes 1 Strong Buy and 1 Hold rating. The mean price target is $5.90, representing a 35.6% premium over the last close of $4.35 on October 16, 2026. For the current fiscal year ending December 31, 2026, analysts forecast revenue of $161.0M and EPS of $0.14, representing 42.4% EPS growth. For the next fiscal year, projected revenue is $186.8M with EPS of $0.27, reflecting 92.3% EPS growth. Agora has beaten EPS estimates in 1 of the last 4 quarters, with its next earnings date scheduled for November 18, 2026.

This page is an AI-written research summary of Agora, Inc. (API). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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