Agora, Inc.
Rank #422ValueAPI · Nasdaq · Technology
Agora, Inc. (API) — Rank #422 by gross profitability (GP/assets 0.13) · ROE 1.7% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001802883 · all metrics point-in-time as of the filing date.
About
Agora, Inc., through its subsidiaries, engages in the operation of a real-time engagement platform-as-a-service in the United States, the People's Republic of China, and internationally.
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Its RTE-PaaS platform enables real-time engagement for concurrent end users which offers real-time engagement offerings, such as video calling, voice calling, live streaming, chat, signaling, conversational AI engine, and convo AI device kit. The company also provides extensions, including analytics, media services, Interactive whiteboard, Real-time speech-to-text, and Real-time translation. It operates under the Agora and Shengwang brands. Agora, Inc.
was incorporated in 2013 and is headquartered in Santa Clara, California.
- Industry
- Software - Application
- Sector
- Technology
- State
- E9
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- agora.io/en
Price History
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
$332.28M
P/E (annual)
196.5
P/S (annual)
2.4
P/B
0.6
P/OCF (annual)
12.2
Shareholder Yield
-6.0%
Employees
543
Industry
Software - Application
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
22.9%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 6.0% — per-share value needs a total required return of 28.9% once share-count change is priced in.
vs. own 6-year median revenue growth: 0.8%
priced above its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
17.8%
r = 10% (base)
22.9%
r = 12%
27.4%
Net debt / market cap: -1.9%
Note: current FCF margin is 1.8σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Dividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Gross profitability (GP / assets)
0.13
Primary signal (Novy-Marx).
0th pctl of 38 SIC 7372 peers
Return on equity
1.7%
Gross margin
66.4%
41st pctl of 38 SIC 7372 peers
Revenue growth (YoY)
5.9%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
-4.2%
Revenue CAGR (5Y)
1.1%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.28
78th pctl of 33 SIC 7372 peers (best = lowest)
Current ratio
4.58×
84th pctl of 38 SIC 7372 peers
Quick ratio
1.85×
Net cash
$28.79M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$25.53M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
1.68
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
3.9%
Stock-based comp intensity.
Piotroski F-Score
F-Score
6 / 9
Fundamental-strength score (0-9).