Agora (API) Cost of Revenue (2019 - 2026)
Agora's (API) quarterly Cost of Revenue came in at $14.7 million in Q2 2026, up 28.92% year-over-year from $11.4 million in Q2 2025, and up 6.28% quarter-over-quarter from $13.8 million in Q1 2026.
Analysis
Agora (API) Cost of Revenue (2019 - 2026) Analysis & Trends
Agora has disclosed Cost of Revenue across 8 years of filings, most recently posting $14.7 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 28.92% year-over-year to $14.7 million; the TTM figure through Jun 2026 stood at $53.9 million (up 22.28% YoY), while the FY2025 annual figure was $47.4 million, down 0.87% from the prior year.
- Cost of Revenue came in at $14.7 million for Q2 2026 at Agora, up from $13.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $16.6 million in Q3 2022 to a low of $10.5 million in Q3 2024.
- Average Cost of Revenue over 5 years is $13.2 million, with a median of $13.2 million recorded in 2024.
- Year-over-year, Cost of Revenue slipped 24.31% in 2023 and climbed 29.91% in 2026.
- Over 5 years, Cost of Revenue stood at $15.7 million in 2022, then decreased by 14.99% to $13.4 million in 2023, then declined by 13.95% to $11.5 million in 2024, then grew by 15.84% to $13.3 million in 2025, then increased by 10.17% to $14.7 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $14.7 million in Q2 2026, $13.8 million in Q1 2026, and $13.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 773.22 Mn |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 291.72 Mn |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 555.10 Mn |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 184.70 Mn |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 145.70 Mn |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 141.35 Mn |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 18.29 Mn |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 32.24 Mn |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 14.68 Mn |
| 10 | 8X8 | 263.26 Mn | 168.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.68 Mn |
| Mar 31, 2026 | 13.82 Mn |
| Dec 31, 2025 | 13.33 Mn |
| Sep 30, 2025 | 12.04 Mn |
| Jun 30, 2025 | 11.39 Mn |
| Mar 31, 2025 | 10.64 Mn |
| Dec 31, 2024 | 11.51 Mn |
| Sep 30, 2024 | 10.52 Mn |
| Jun 30, 2024 | 12.98 Mn |
| Mar 31, 2024 | 12.80 Mn |
| Dec 31, 2023 | 13.37 Mn |
| Sep 30, 2023 | 12.59 Mn |
| Jun 30, 2023 | 12.50 Mn |
| Mar 31, 2023 | 13.60 Mn |
| Dec 31, 2022 | 15.73 Mn |
| Sep 30, 2022 | 16.64 Mn |
| Jun 30, 2022 | 14.37 Mn |
| Mar 31, 2022 | 14.51 Mn |
| Dec 31, 2021 | 14.96 Mn |
| Sep 30, 2021 | 15.69 Mn |