# Agora, Inc.: overview

API · Nasdaq · CIK 1802883 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/api.md) · [Financials](/companies/api/financials.md) · [Filings](/companies/api/filings.md) · [Insiders](/companies/api/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [168](/filings/0000950170-24-047234.md) | [161](/filings/0000950170-25-053943.md) | [142](/filings/0001193125-26-155920.md) | [133](/filings/0001193125-26-155920.md) | [141](/filings/0001193125-26-155920.md) |
| Gross margin | % | [61.9%](/filings/0000950170-24-047234.md) | [61.9%](/filings/0000950170-25-053943.md) | [63.2%](/filings/0001193125-26-155920.md) | [64.1%](/filings/0001193125-26-155920.md) | [66.4%](/filings/0001193125-26-155920.md) |
| Operating margin | % | [(48.0%)](/filings/0000950170-24-047234.md) | [(72.1%)](/filings/0000950170-25-053943.md) | [(61.7%)](/filings/0001193125-26-155920.md) | [(40.0%)](/filings/0001193125-26-155920.md) | [(6.7%)](/filings/0001193125-26-155920.md) |
| Net margin | % | [(43.1%)](/filings/0000950170-24-047234.md) | [(74.9%)](/filings/0000950170-25-053943.md) | [(61.6%)](/filings/0001193125-26-155920.md) | [(32.1%)](/filings/0001193125-26-155920.md) | [6.8%](/filings/0001193125-26-155920.md) |
| Diluted EPS | $ per share | [(0.16)](/filings/0000950170-24-047234.md) | [(0.27)](/filings/0000950170-25-053943.md) | [(0.22)](/filings/0001193125-26-155920.md) | [(0.11)](/filings/0001193125-26-155920.md) | [0.02](/filings/0001193125-26-155920.md) |
| Free cash flow | $m | [(32.2)](/filings/0000950170-24-047234.md) | [(56.5)](/filings/0000950170-25-053943.md) | [(14.5)](/filings/0001193125-26-155920.md) | [(16.7)](/filings/0001193125-26-155920.md) | [25.5](/filings/0001193125-26-155920.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/api/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2026-10-28 | [Zhao Bin](/insiders/1843236.md) | Chief Executive Officer, Director, Officer | Purchase (P) | 9,549 | $4.4675 | $42.7k | [Form 4](/filings/0001193125-26-437062.md) |
| 2026-10-27 | [Zhao Bin](/insiders/1843236.md) | Chief Executive Officer, Director, Officer | Purchase (P) | 3,000 | $4.4735 | $13.4k | [Form 4](/filings/0001193125-26-437062.md) |
| 2026-10-26 | [Zhao Bin](/insiders/1843236.md) | Chief Executive Officer, Director, Officer | Purchase (P) | 7,692 | $4.4651 | $34.3k | [Form 4](/filings/0001193125-26-432685.md) |
| 2026-10-23 | [Zhao Bin](/insiders/1843236.md) | Chief Executive Officer, Director, Officer | Purchase (P) | 9,906 | $4.4153 | $43.7k | [Form 4](/filings/0001193125-26-432685.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $29.9m | 7,484,011 |  | Unchanged |
| [TMT General Partner Ltd](/funds/1847582.md) | 2026-06-30 | $9.4m | 2,352,651 |  | Unchanged |
| [HHLR ADVISORS, LTD.](/funds/1762304.md) | 2026-06-30 | $8.4m | 2,098,553 |  | Unchanged |
| [Allspring Global Investments Holdings, LLC](/funds/1890906.md) | 2026-06-30 | $7.1m | 1,783,785 |  | Unchanged |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $4.2m | 1,040,144 |  | Added +263,938 |
| [Yunqi Capital Ltd](/funds/1912273.md) | 2026-06-30 | $3.8m | 964,203 |  | Reduced −1,041,097 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $3.5m | 866,109 |  | Reduced −196,143 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $3.0m | 739,500 |  | Added +243,371 |
| [Yiheng Capital Management, L.P.](/funds/1447228.md) | 2026-06-30 | $2.9m | 725,795 |  | Unchanged |
| [Clearline Capital LP](/funds/1600136.md) | 2026-06-30 | $2.5m | 636,960 |  | New +636,960 |

## Recent filings

[All 129 filings](/companies/api/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-14 | 09:02 ET | [6-K](/filings/0001193125-26-350691.md) | Report of a foreign private issuer, period 2026-08-14 | 0001193125-26-350691 |
| 2026-06-01 | 08:02 ET | [6-K](/filings/0001193125-26-249779.md) | Report of a foreign private issuer, period 2026-06-01 | 0001193125-26-249779 |
| 2026-05-28 | 06:03 ET | [6-K](/filings/0001193125-26-242899.md) | Report of a foreign private issuer, period 2026-05-28 | 0001193125-26-242899 |
| 2026-04-15 | 06:46 ET | [20-F](/filings/0001193125-26-155920.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001193125-26-155920 |
| 2026-03-03 | 06:07 ET | [6-K](/filings/0001193125-26-086532.md) | Report of a foreign private issuer, period 2026-03-03 | 0001193125-26-086532 |
| 2025-11-20 | 06:01 ET | [6-K](/filings/0001193125-25-288769.md) | Report of a foreign private issuer, period 2025-11-20 | 0001193125-25-288769 |
| 2025-08-19 | 06:05 ET | [6-K](/filings/0000950170-25-109923.md) | Report of a foreign private issuer, period 2025-08-19 | 0000950170-25-109923 |
| 2025-07-29 | 17:00 ET | [6-K](/filings/0000950170-25-099715.md) | Report of a foreign private issuer, period 2025-07-29 | 0000950170-25-099715 |
| 2025-05-28 | 06:03 ET | [6-K](/filings/0000950170-25-078068.md) | Report of a foreign private issuer, period 2025-05-28 | 0000950170-25-078068 |
| 2025-04-15 | 07:00 ET | [20-F](/filings/0000950170-25-053943.md) | Annual report of a foreign private issuer, period 2024-12-31 | 0000950170-25-053943 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-155920.md), filed Apr 15, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1802883
- Tickers: API
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: E9
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 08:17 ET. No prices; not investment advice.