Agora, Inc. (API) Income Statement
API 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAPI revenue and net income
Where API's revenue goes
2025Each bar shows an amount and its share of revenue. API kept 6.8% of revenue as net income.
API profit margins
API growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.9% | −4.2% | +1.1% | — |
| Gross profit | +9.6% | −2.0% | +1.6% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | +24.6% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
API quarterly EPS vs estimates
Agora beat the analyst EPS estimate in 1 of the last 2 quarters. Next report: November 18, 2026.
API income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $141.1M | $133.3M | $141.5M | $160.7M | $168.0M | $133.6M | $64.4M | $43.7M |
| Cost of revenue | $47.4M | $47.8M | $52.1M | $61.2M | $64.0M | $47.2M | $20.4M | $12.6M |
| Gross profit | $93.7M | $85.4M | $89.5M | $99.4M | $104.0M | $86.4M | $44.0M | $31.0M |
| Research & development | $55.5M | $80.3M | $77.7M | $114.5M | $110.7M | $49.5M | $23.6M | $14.4M |
| Sales, general & admin | $49.0M | $60.0M | $68.9M | $92.4M | $76.6M | $43.7M | $26.6M | $5.4M |
| Total operating expenses | $103.1M | $138.8M | $144.9M | $203.2M | $184.7M | $91.6M | $50.1M | $30.8M |
| Operating income | −$9.4M | −$53.3M | −$55.4M | −$103.8M | −$80.7M | −$5.2M | −$6.1M | $262,567 |
| Interest income | $15.1M | $16.9M | $18.8M | $9.6M | $8.4M | $2.7M | — | — |
| Interest expense | $36,000 | $253,000 | $20,000 | $9.6M | $0 | — | — | $239,176 |
| Income before taxes | $9.9M | −$42.5M | −$86.8M | −$119.7M | −$71.5M | −$2.6M | −$5.4M | $481,194 |
| Income taxes | $323,000 | $258,000 | $422,000 | $663,000 | $840,000 | $562,000 | $801,337 | $105,078 |
| Net income | $9.6M | −$42.7M | −$87.2M | −$120.6M | −$72.7M | −$3.1M | −$6.2M | $376,116 |
| EBITDA | $17.9M | −$28.6M | −$72.2M | −$104.1M | −$57.9M | −$731,000 | −$4.2M | $1.2M |
| EPS (diluted) | $0.09 | −$0.46 | −$0.80 | −$0.46 | −$0.25 | $0.03 | −$0.66 | $0.00 |
| Gross margin | 66.4% | 64.1% | 63.2% | 61.9% | 61.9% | 64.7% | 68.3% | 71.1% |
| Operating margin | −6.7% | −40.0% | −39.1% | −64.6% | −48.0% | −3.9% | −9.5% | 0.6% |
| Net margin | 6.8% | −32.1% | −61.6% | −75.1% | −43.3% | −2.3% | −9.6% | 0.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.5M | $37.9M | $38.2M | $35.4M | $34.3M | $33.3M | $34.5M | $31.6M | $34.2M | $33.0M | $36.0M | $35.0M |
| Cost of revenue | $14.7M | $13.9M | $13.3M | $12.0M | $11.4M | $10.6M | $11.5M | $10.5M | $13.0M | $12.8M | $13.4M | $12.6M |
| Gross profit | $25.8M | $24.0M | $24.8M | $23.3M | $22.9M | $22.6M | $22.9M | $21.0M | $21.2M | $20.2M | $22.7M | $22.4M |
| Research & development | $15.4M | $13.7M | $13.6M | $13.8M | $14.0M | $14.0M | $14.8M | $29.3M | $18.1M | $18.1M | $16.3M | $20.0M |
| Sales, general & admin | $11.9M | $12.0M | $12.5M | $11.5M | $6.0M | $12.5M | $6.4M | $16.6M | $14.5M | $15.2M | $14.9M | $16.9M |
| Total operating expenses | $27.3M | $26.5M | $25.8M | $24.9M | $26.0M | $26.3M | $27.8M | $45.7M | $32.3M | $32.9M | $31.0M | $36.3M |
| Operating income | −$1.5M | −$2.5M | −$979,000 | −$1.6M | −$3.1M | −$3.7M | −$4.9M | −$24.7M | −$11.1M | −$12.6M | −$8.4M | −$13.9M |
| Interest income | $3.4M | $3.4M | $3.9M | $3.9M | $3.7M | $3.6M | $3.7M | $3.9M | $4.6M | $4.7M | $4.8M | $4.8M |
| Interest expense | $15,024 | $15,044 | $14,000 | $16,000 | $1,000 | $5,000 | $2,000 | $86,000 | $105,000 | $60,000 | $20,000 | $20,000 |
| Income before taxes | $2.3M | $1.2M | $5.0M | $2.8M | $1.5M | $449,000 | $267,000 | −$24.2M | −$9.2M | −$9.3M | −$2.5M | −$22.3M |
| Income taxes | $54,089 | $129,384 | $132,000 | $107,000 | $43,000 | $42,000 | $109,000 | $4.2M | $9,000 | $140,000 | $99,000 | $164,000 |
| Net income | $2.2M | $1.1M | $4.9M | $2.7M | $1.5M | $407,000 | $158,000 | −$24.2M | −$9.2M | −$9.5M | −$2.6M | −$22.5M |
| EBITDA | −$275,454 | $2.6M | $7.1M | $4.5M | $3.5M | $2.8M | −$3.2M | −$17.4M | −$6.6M | −$7.2M | −$36.4M | −$18.9M |
| EPS (diluted) | $0.02 | $0.01 | $0.05 | $0.03 | $0.01 | $0.00 | $0.00 | −$0.26 | −$0.10 | −$0.10 | −$0.03 | −$0.23 |
| Gross margin | 63.7% | 63.4% | 65.1% | 66.0% | 66.8% | 68.0% | 66.6% | 66.7% | 62.0% | 61.2% | 62.9% | 64.0% |
| Operating margin | −3.8% | −6.5% | −2.6% | −4.6% | −9.1% | −11.1% | −14.2% | −78.2% | −32.5% | −38.3% | −23.2% | −39.6% |
| Net margin | 5.4% | 2.9% | 12.9% | 7.8% | 4.3% | 1.2% | 0.5% | −76.6% | −27.0% | −28.7% | −7.2% | −64.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in API's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
API financial results
In fiscal year 2025 (ended December 31, 2025), Agora reported revenue of $141.1 million, up 5.9% from the year before. It had net income of $9.6 million, a net profit margin of 6.8%. Diluted earnings per share came to $0.09. Over five years revenue grew at an average rate of 1.1% a year.
See the API stock overview for the latest quote and news, or the API chart for price history and technical indicators.
API income statement FAQ
What is Agora's annual revenue?
Agora reported total revenue of $141.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 5.9% from $133.3 million the previous year.
Is Agora profitable?
Yes. Agora reported net income of $9.6 million in fiscal 2025, a net profit margin of 6.8%; its operating margin was −6.7%.
What is Agora's gross margin?
Agora's gross margin was 66.4% in fiscal 2025: for every $100 of revenue, Agora kept $66 after the direct cost of its products and services.
How much does Agora spend on research and development?
Agora spent $55.5 million on research and development in fiscal 2025, 39.3% of revenue.
How fast is Agora growing?
Revenue grew 1.1% a year on average over the last five fiscal years, from $133.6 million to $141.1 million.
What are Agora's earnings per share?
Agora earned $0.09 per diluted share in fiscal 2025, compared with $-0.46 a year earlier.
When will Agora report its next earnings?
Agora is expected to report results for the quarter ending September 30, 2026 on November 18, 2026 after the market closes.
When does Agora's fiscal year end?
Agora's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.