API · Nasdaq · Technology
Agora, Inc. (API) — Rank #403 by gross profitability (GP/assets 0.13) · ROE 1.7% · Piotroski F-Score 6 / 9.
As-of 2026-10-30 · 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
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
543
Industry
Software - Application
Exchange
Nasdaq
11/12
Flags passed
API passes 11/12 quality flags
1 caution to review
- CAUTIONDilution above 2%
Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
- PASSGross margin holding
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Revenue growth accelerating
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passDividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Does it make money well?
No warning flags · GP/assets 0th percentile of 36 SIC 7372 peers
Gross profitability (GP / assets)
0.13
Primary signal (Novy-Marx).
0th pctl of 36 SIC 7372 peers
Return on equity
1.7%
Gross margin
66.4%
43rd pctl of 36 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)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 168% above net income
Free cash flow
$25.53M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
168.0%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
3.9%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
Caution: Dilution above 2% · net cash $28.79M, F-Score 6/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.28
81st pctl of 32 SIC 7372 peers (best = lowest)
Current ratio
4.58×
86th pctl of 36 SIC 7372 peers
Quick ratio
1.85×
Net cash
$28.79M
Cash & equivalents minus total debt.
Piotroski F-Score
6 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
2.0 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports