Agora (API) Cost of Revenue (2019 - 2025)

Agora has disclosed Cost of Revenue across 7 years of filings, most recently posting $7.1 million for Q4 2025.

• Cost of Revenue for Q4 2025 came in at $7.1 million, down 2.1% year-over-year; the trailing twelve-month figure through Dec 2025 was $26.4 million (down 3.19% YoY), and the FY2025 annual result was $26.4 million, down 3.19% from the prior year.
• Cost of Revenue came in at $7.1 million for Q4 2025 at Agora, up from $6.5 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $14.6 million in Q3 2022 to a low of $6.2 million in Q1 2025.
• The 5-year median for Cost of Revenue is $8.2 million (2023), against an average of $9.4 million.
• Across the five-year window, Cost of Revenue soared 99.84% in 2021 and tumbled 46.68% in 2023, its largest moves.
• Agora's Cost of Revenue stood at $13.8 million in 2021, then dropped by 11.66% to $12.2 million in 2022, then plunged by 42.12% to $7.1 million in 2023, then increased by 3.13% to $7.3 million in 2024, then fell by 2.1% to $7.1 million in 2025.
• The last three Cost of Revenue figures came in at $7.1 million (Q4 2025), $6.5 million (Q3 2025), and $6.5 million (Q2 2025), per Business Quant data.