The return to profitability, strong operating leverage, and sustained revenue growth suggest improving fundamentals. While Q1 guidance is modest, the long-term trend is positive. Traders should monitor adoption of Conversational AI and Physical AI solutions as new growth drivers. The ongoing share repurchase program (71.6% completed) provides structural support to EPS.
Price Chart
Executive Summary
Agora, Inc. reported strong financial results for Q4 and full-year 2025, with revenue growth and a return to profitability. Total revenue reached $38.2 million in Q4 (up 10.7% YoY) and $141.1 million for the year (up 5.9%), driven by double-digit growth in its Agora segment. The company achieved its first full year of GAAP profitability since 2018, with net income of $9.5 million in 2025 versus a $42.7 million loss the prior year. Operating cash flow turned positive at $27.2 million. The bullish momentum is tempered by slightly lower-than-expected Q1 2026 guidance of $36–37 million.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $38.2 million, up 10.7% YoY
- Full-year 2025 revenue: $141.1 million, up 5.9% YoY
- Agora segment revenue grew 16.1% in 2025 to $74.9 million
- Net income in 2025: $9.5 million vs. $42.7 million net loss in 2024
- Q4 2025 net income: $4.9 million vs. $0.2 million in Q4 2024
- Gross margin improved to 66.4% in 2025 from 64.1% in 2024
- Operating expenses down 25.5% YoY due to workforce optimization and lower share-based compensation
- Company repurchased $11.1 million in shares in Q4; $143.1 million total under $200 million program
- Q1 2026 revenue guidance: $36–37 million (8.1%–11.1% YoY growth)
Financial Impact
Revenue up 5.9% YoY to $141.1M, net income improved by $52.2M from prior year loss
Risk Factors
- Shengwang segment revenue declined 3.5% in 2025, and active customers dropped 5.2%
- Dollar-based net retention rate for Shengwang was only 89%, indicating customer contraction
- Q1 2026 revenue guidance implies only 8.1%–11.1% growth, potentially signaling a slowdown
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3247910 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 10w ago | 6-K | $4.64 | awaiting T+60 | — | $4.45 (−4.09%) |
Aug 13, 2026 10w ago | Press Release | $4.64 | awaiting T+60 | — | $4.45 (−4.09%) |
Jun 11, 2026 19w ago | Institutional Cluster | $4.50 $4.24 | ▼ −5.78% | ▼ −10.17% | $4.45 (−1.11%) |
Jun 1, 2026 20w ago | 6-K | $4.75 $4.12 | ▼ −13.26% | ▼ −14.49% | $4.45 (−6.32%) |
May 28, 2026 21w ago | 6-K | $4.25 $4.36 | ▲ +2.59% | ▲ +0.85% | $4.45 (+4.71%) |
May 26, 2026 21w ago | Press Release | $4.23 $4.32 | ▲ +2.13% | ▲ +0.25% | $4.45 (+5.20%) |
May 12, 2026 23w ago | Press Release | $3.92 $4.46 | ▲ +13.78% | ▲ +9.34% | $4.45 (+13.52%) |
Apr 22, 2026 26w ago | Press Release | $3.73 $3.91 | ▲ +4.83% | ▲ +0.05% | $4.45 (+19.30%) |
Apr 15, 2026 27w ago | 20-F | $3.97 $4.22 | ▲ +6.30% | ▼ −1.84% | $4.45 (+12.09%) |
Mar 2, 2026 33w ago | Press Release | $4.56 $4.23 | ▼ −7.24% | ▼ −17.55% | $4.45 (−2.41%) |
US Market Status
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