Agora, Inc. (API) Key Metrics
API valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $367.8M
- Enterprise value
- $122.9M
- P/E (TTM)
- 43.5
- Forward P/E
- 434.8
- PEG ratio
- —
- Price / sales
- 2.4 10-yr median 2.9
- Price / book
- 0.7 10-yr median 0.7
- EV / EBITDA
- 6.6
- Dividend yield
- —
- Beta
- 0.75
API key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAPI valuation Price multiples at each fiscal year-end price.
API returns How much profit the business earns on the capital it uses.
API per-share figures Results divided by the shares outstanding at year-end.
API financial health Debt, liquidity and how easily interest is covered.
API efficiency & capital use Working capital cycle and where the cash goes.
API valuation history
API returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
API debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
API cash returned to shareholders
API price vs earnings per share
API key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $402.3M | $388.0M | $261.9M | $436.4M | $1.79B | $4.10B | — | — |
| Enterprise value | $265.0M | $168.5M | $60.5M | $10.9M | $1.04B | $3.50B | — | — |
| P/E ratio | 42.1 | — | — | — | — | — | — | — |
| Price / sales | 2.9 | 2.9 | 1.9 | 2.7 | 10.6 | 30.7 | — | — |
| Price / book | 0.7 | 0.7 | 0.4 | 0.6 | 2.1 | 6.3 | — | — |
| Price / operating cash flow | 14.8 | — | — | — | — | 625.3 | — | — |
| EV / sales | 1.9 | 1.3 | 0.4 | 0.1 | 6.2 | 26.2 | — | — |
| EV / EBITDA | 14.8 | — | — | — | — | — | — | — |
| Earnings yield | 2.4% | −11.0% | −33.3% | −27.6% | −4.1% | −0.1% | — | — |
| Free cash flow yield | −1.2% | −12.7% | −11.3% | −13.4% | −1.8% | −0.2% | — | — |
| Dividend yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shareholder yield (dividends + buybacks) | 6.9% | 2.8% | 24.0% | 9.4% | 0.0% | 0.0% | — | — |
| Share price at fiscal year-end | $4.07 | $4.16 | $2.63 | $3.91 | $16.21 | $39.56 | — | — |
| Per share | ||||||||
| Revenue per share | $1.43 | $1.43 | $1.42 | $1.44 | $1.52 | $1.29 | $0.63 | $0.43 |
| Earnings per share | $0.10 | −$0.46 | −$0.88 | −$1.08 | −$0.66 | −$0.03 | −$0.06 | $0.00 |
| Operating cash flow per share | $0.28 | −$0.15 | −$0.14 | −$0.49 | −$0.18 | $0.06 | $0.01 | $0.01 |
| Free cash flow per share | −$0.05 | −$0.53 | −$0.30 | −$0.52 | −$0.29 | −$0.06 | −$0.04 | −$0.02 |
| Cash per share | $2.22 | $2.89 | $2.18 | $3.83 | $6.85 | $6.12 | $1.04 | $1.08 |
| Book value per share | $5.69 | $6.14 | $6.07 | $6.53 | $7.86 | $6.33 | $1.11 | $1.14 |
| Tangible book value per share | $4.06 | $4.40 | $4.38 | $6.21 | $7.29 | $6.30 | $1.11 | $1.14 |
| Dividends per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Capex per share | $0.32 | $0.38 | $0.16 | $0.04 | $0.11 | $0.12 | $0.05 | $0.02 |
| Debt per share | $0.83 | $0.54 | $0.15 | $0.02 | $0.07 | $0.25 | $0.12 | $0.01 |
| Shares outstanding | 98.9M | 93.3M | 99.6M | 111.6M | 110.2M | 103.8M | 101.8M | 101.8M |
| Change in shares outstanding | +6.0% | −6.3% | −10.8% | +1.3% | +6.2% | +1.9% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 1.7% | −7.3% | −13.1% | −15.1% | −9.5% | −0.8% | −5.4% | 0.3% |
| Return on invested capital (ROIC) | −2.3% | −11.1% | −12.4% | −38.9% | −76.9% | −12.3% | −36.1% | 2.8% |
| Return on assets (ROA) | 1.3% | −6.2% | −11.8% | −13.8% | −8.9% | −0.8% | −4.8% | 0.3% |
| Return on tangible assets | 1.7% | −7.9% | −17.2% | −15.7% | −8.2% | −0.5% | −4.7% | 0.3% |
| Free cash flow margin | −3.3% | −37.1% | −20.9% | −36.4% | −19.3% | −4.7% | −6.4% | −4.0% |
| Income quality (OCF / net income) | 2.85 | — | — | — | — | — | — | 1.43 |
| Financial health | ||||||||
| Total debt | $82.3M | $50.1M | $15.2M | $2.3M | $7.4M | $26.3M | $12.2M | $1.3M |
| Cash & short-term investments | $219.7M | $269.7M | $216.7M | $427.7M | $755.3M | $635.4M | $105.6M | $110.0M |
| Net debt | −$137.3M | −$219.5M | −$201.5M | −$425.4M | −$747.9M | −$609.1M | −$93.4M | −$108.7M |
| Debt / equity | 0.15 | 0.09 | 0.03 | 0.00 | 0.01 | 0.04 | 0.11 | 0.01 |
| Debt / assets | 0.11 | 0.07 | 0.02 | 0.00 | 0.01 | 0.04 | 0.09 | 0.01 |
| Net debt / EBITDA | −7.67 | — | — | — | — | — | — | −91.70 |
| Current ratio | 4.58 | 5.62 | 4.60 | 6.78 | 10.81 | 18.47 | 6.67 | 10.91 |
| Quick ratio | 4.58 | 5.62 | 4.54 | 6.54 | 10.81 | 18.47 | 6.64 | 10.88 |
| Interest coverage | -261.4 | -210.7 | — | -10.8 | — | — | — | 1.1 |
| Working capital | $203.3M | $269.7M | $204.5M | $413.8M | $723.9M | $634.4M | $104.8M | $111.9M |
| Invested capital | $425.5M | $353.1M | $403.3M | $302.8M | $118.4M | $47.3M | $19.3M | $7.4M |
| Tangible asset value | $401.1M | $410.7M | $436.2M | $693.6M | $803.4M | $653.2M | $112.7M | $116.0M |
| Net current asset value | $101.8M | $201.1M | $191.6M | $413.0M | $718.9M | $634.3M | $104.8M | $111.9M |
| Graham number | $3.52 | — | — | — | — | — | — | $0.31 |
| Graham net-net per share | $0.81 | $1.93 | $1.80 | $3.52 | $6.41 | $5.97 | $0.98 | $1.06 |
| Capital allocation | ||||||||
| Dividends paid | $0 | $0 | $0 | $0 | $0 | $0 | — | — |
| Share buybacks (net) | $27.8M | $11.1M | $62.9M | $41.1M | $0 | $0 | — | $784,799 |
| Dividend payout ratio | 0.0% | — | — | — | — | — | — | — |
| Capex / revenue | 22.6% | 26.5% | 11.3% | 2.6% | 7.4% | 9.6% | 7.5% | 5.2% |
| Capex / operating cash flow | 117.2% | — | — | — | — | 196.2% | 679.8% | 421.7% |
| Capex / depreciation | 3.99 | 3.48 | 1.09 | 0.26 | 0.89 | 2.89 | 2.57 | 2.45 |
| Stock-based compensation / revenue | 3.9% | 17.1% | 17.4% | 20.1% | 18.7% | 9.0% | 5.3% | 6.5% |
| R&D / revenue | 39.3% | 60.3% | 54.9% | 71.3% | 65.9% | 37.1% | 36.7% | 33.0% |
| SG&A / revenue | 34.8% | 45.0% | 48.7% | 57.5% | 45.6% | 32.7% | 41.3% | 12.3% |
| Efficiency | ||||||||
| Days sales outstanding | 97.5 | 124.6 | 102.0 | 88.4 | 72.9 | 61.3 | 84.4 | 106.8 |
| Days of inventory on hand | — | — | 71.2 | 101.3 | — | 1.9 | 7.6 | 10.0 |
| Days payables outstanding | 87.0 | 99.1 | 81.0 | 45.9 | 37.2 | 45.7 | 61.3 | 79.9 |
| Cash conversion cycle (days) | 10.5 | 25.5 | 92.2 | 143.8 | 35.7 | 17.6 | 30.7 | 36.9 |
| Receivables turnover | 3.74 | 2.93 | 3.58 | 4.13 | 5.01 | 5.95 | 4.33 | 3.42 |
| Payables turnover | 4.19 | 3.68 | 4.51 | 7.95 | 9.82 | 7.99 | 5.96 | 4.57 |
| Inventory turnover | — | — | 5.13 | 3.60 | — | 189.03 | 48.21 | 36.34 |
| Asset turnover | 0.20 | 0.19 | 0.19 | 0.18 | 0.21 | 0.32 | 0.50 | 0.34 |
| Average receivables | $37.7M | $45.5M | $39.6M | $38.9M | $33.6M | $22.4M | $14.9M | $12.8M |
| Average payables | $11.3M | $13.0M | $11.5M | $7.7M | $6.5M | $5.9M | $3.4M | $2.8M |
| Average inventory | — | — | $10.2M | $17.0M | — | $249,688 | $423,546 | $347,715 |
| Intangibles / total assets | 22.4% | 23.2% | 25.0% | 4.3% | 6.6% | 0.5% | 0.0% | 0.0% |
Computed from API's annual financial statements (latest annual report filed April 15, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
API valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Agora traded at 42.1 times earnings. Based on the latest twelve months, the trailing P/E is 43.5 and the forward P/E is 434.8. Agora earned a return on equity of 1.7% and a return on invested capital of −2.3% in fiscal 2025. It ended the year with $82.3 million of debt and $219.7 million in cash and short-term investments, a net cash position of $137.3 million. It returned $27.8 million to shareholders: $0 in dividends and $27.8 million in share buybacks.
See the API income statement, the API chart for price history, or the API stock overview for the latest quote and news.
API key metrics FAQ
What is Agora's P/E ratio?
Agora's trailing P/E ratio is 43.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 434.8. At the end of fiscal 2025 it was 42.1.
What is Agora's EV/EBITDA?
Agora's enterprise value was 14.8 times EBITDA at the end of fiscal 2025 (enterprise value $265.0 million, EBITDA $17.9 million); the current EV/EBITDA is 6.6.
What is Agora's return on equity?
Agora's return on equity (ROE) was 1.7% in fiscal 2025: net income of $9.6 million on average shareholders' equity of $567.8 million.
What is Agora's ROIC?
Agora's return on invested capital was −2.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Agora have?
Agora had total debt of $82.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.15 and more cash than debt.
Does Agora pay a dividend?
Agora did not pay a dividend in fiscal 2025.
Does Agora buy back its shares?
Yes. Agora spent $27.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +6.0% over the year, to 98.9M..
What is Agora's free cash flow yield?
Agora generated -$4.7 million of free cash flow in fiscal 2025, a free cash flow yield of −1.2% on its market value at year-end ($402.3 million).
What is Agora's current ratio?
Agora's current ratio was 4.58 at the end of fiscal 2025: current assets were 4.58 times current liabilities.