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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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.
The price-to-earnings ratio has fallen from 169.3× (Dec '25) to 161.2× (Jun '26).
The price-to-sales ratio has risen from 8.9× (Mar '23) to 10.9× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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.