API 6-K

Agora, Inc. (API)

6-K 2026-03-03 For: 2026-03-03

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Added on April 06, 2026

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AGORA, INC.

By:	/s/ Jingbo Wang
Name:	Jingbo Wang
Title:	Chief Financial Officer


	As of	As of
	December 31,	December 31,
	2025	2024
Assets
Current assets:
Cash and cash equivalents	75,446	27,083
Short-term bank deposits	84,460	168,327
Short-term financial products issued by banks	55,000	71,464
Short-term investments	4,583	2,787
Restricted cash	200	3,745
Accounts receivable, net	24,867	30,952
Prepayments and other current assets	14,590	22,593
Contract assets	123	1,099
Held-for-sale assets	831	-
Total current assets	260,100	328,050
Property and equipment, net	3,947	4,680
Construction in progress in relation to the headquarters project	84,239	44,486
Operating lease right-of-use assets	2,145	3,866
Intangible assets	96	611
Long-term bank deposits	160,001	35,500
Long-term financial products issued by banks	-	61,400
Long-term investments	29,182	40,710
Land use right, net	161,591	161,395
Other non-current assets	19,798	18,956
Total assets	721,099	699,654
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	9,638	12,965
Advances from customers	7,906	8,738
Taxes payable	696	2,210
Current operating lease liabilities	1,521	1,749
Payables for construction costs	16,607	12,834
Accrued expenses and other current liabilities	20,417	19,839
Total current liabilities	56,785	58,335
Long-term payable	3	1
Long-term operating lease liabilities	399	1,922
Deferred tax liabilities	12	92
Long-term borrowings in relation to the headquarters project	80,420	46,469
Advance in relation to the headquarters project	20,632	20,174
Total liabilities	158,251	126,993
Shareholders’ equity:
Class A ordinary shares	39	39
Class B ordinary shares	8	8
Additional paid-in-capital	1,145,126	1,144,238
Treasury shares, at cost	(95,238)	(72,739)
Accumulated other comprehensive loss	(9,987)	(12,257)
Accumulated deficit	(477,100)	(486,628)


Total shareholders’ equity	562,848	572,661
Total liabilities and shareholders’ equity	721,099	699,654


	Three Month Ended		Year Ended
	December 31,		December 31,
	2025	2024	2025	2024
Real-time engagement service revenues	36,799	31,908	137,971	127,624
Real-time engagement on-premise solution and other revenues	1,356	2,545	3,086	5,632
Total revenues	38,155	34,453	141,057	133,256
Cost of revenues	13,327	11,505	47,393	47,809
Gross profit	24,828	22,948	93,664	85,447
Operating expenses:
Research and development	13,648	14,793	55,459	80,344
Sales and marketing	7,123	7,276	26,352	27,220
General and administrative	5,364	6,423	22,670	32,772
Total operating expenses	26,135	28,492	104,481	140,336
Other operating income	328	664	1,407	1,578
Loss from operations	(979)	(4,880)	(9,410)	(53,311)
Exchange gain	891	60	1,623	168
Interest income	3,858	3,697	15,051	16,941
Interest expense	(14)	(2)	(36)	(253)
Investment income (loss)	319	705	1,457	(3,328)
Other income	1,198	793	1,198	793
Income (loss) before income taxes	5,273	373	9,883	(38,990)
Income taxes	(131)	(109)	(323)	(258)
Loss from equity in affiliates	(224)	(106)	(32)	(3,479)
Net income (loss)	4,918	158	9,528	(42,727)
Net income (loss) attributable to ordinary shareholders	4,918	158	9,528	(42,727)
Other comprehensive income (loss):
Foreign currency translation adjustments	981	(4,350)	2,270	(2,230)
Total comprehensive income (loss) attributable to ordinary shareholders	5,899	(4,192)	11,798	(44,957)

Net income (loss) per ADS attributable to ordinary shareholders, basic and diluted
Basic	0.05	0.002	0.10	(0.46)
Diluted	0.05	0.002	0.10	(0.46)
Weighted-average shares used in computing net income (loss) per ADS attributable to ordinary shareholders, basic and diluted
Basic	358,571,676	375,058,357	367,898,081	373,122,317
Diluted	387,890,498	402,004,818	395,420,348	373,122,317

Share-based compensation expenses included in:
Cost of revenues	(9)	28	82	212
Research and development expenses	193	1,176	3,274	17,062


Sales and marketing expenses	43	(60)	694	778
General and administrative expenses	585	353	1,514	4,685


Cash received from disposal of long-term investments	-	-	-	155
Net cash (used in) provided by investing activities	(7,921)	(18,869)	13,314	(38,049)
Cash flows from financing activities:
Proceeds from long-term borrowings	5,872	13,613	32,375	35,790
Proceeds from exercise of employees’ share options	73	303	609	853
Payment of financing cost	(273)	-	(273)	-
Deposit received in relation to headquarters project	-	1,128	-	20,408
Repurchase of Class A ordinary shares	(10,869)	(1,390)	(27,719)	(11,057)
Net cash (used in) provided by financing activities	(5,197)	13,654	4,992	45,994
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(495)	(840)	(721)	(162)
Net (decrease) increase in cash, cash equivalents and restricted cash	(4,335)	(1,520)	44,818	(6,346)
Cash, cash equivalents and restricted cash at beginning of period *	79,981	32,348	30,828	37,174
Cash, cash equivalents and restricted cash at end of period **	75,646	30,828	75,646	30,828
Supplemental disclosure of cash flow information:
Income taxes paid	58	52	233	185
Cash payments included in the measurement of operating lease liabilities	665	559	2,163	2,878
Right-of-use assets obtained in exchange for operating lease obligations	-	-	90	2,325
Non-cash financing and investing activities:
Proceeds receivable from exercise of employees’ share options	13	275	35	417
Payables for financing cost	1,762	-	1,762	-
Payables for property and equipment	31	398	31	398
Payables for construction in progress in relation to the headquarters project	7,418	8,975	16,607	12,834
Payables for treasury shares, at cost	326	83	326	83
* includes restricted cash balance	200	230	3,745	280
** includes restricted cash balance	200	3,745	200	3,745



Exhibit	Description