tradmap

API Financials Agora, Inc.

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 1.1% per year over the past 5 years.
  • Operating margin has contracted, at -6.7% in the latest year.

Financial health

  • Total debt ($80M) exceeds cash ($75M); net debt is $5M.
  • Operating income covered interest expense -261.4× in the latest year.
Revenue & net income
-$120M $24M $168M $0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-75% -2% 71% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$57M -$15M $26M $0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $143M $286M 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$535M -$707000 $534M $0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $141M $10M 66.4% -6.7% $26M $80M $75M
2024 $133M -$43M 64.1% -40.0% -$17M $46M $27M
2023 $142M -$87M 63.2% -61.7% -$15M $11M $37M
2022 $161M -$120M 61.9% -72.1% -$57M $0 $46M
2021 $168M -$72M 61.9% -48.0% -$32M $286M
2020 $134M -$3M 64.7% -3.9% -$6M $111M
2019 $64M -$6M 68.3% -9.5% -$4M $106M
2018 $44M $376116 71.1% 0.6% -$2M

Valuation over time

How the market has priced API against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 96.5 193.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 8.4 16.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is API growing its revenue and profit?

Over the past 5 years, Agora, Inc.'s revenue has grown 1.1% per year. These are computed facts, not advice.

How much debt does API have?

As of FY2025, Agora, Inc. reported $80M of total debt against $75M of cash; operating income covered interest expense -261.4×.

What is API's profit margin?

In FY2025, gross margin was 66.4%, operating margin -6.7%, and net margin 6.8%.

What is API's P/E ratio?

As of Jun '26, Agora, Inc. traded at a price-to-earnings ratio of about 161.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.