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

Agora's Cost of Revenue history runs 7 years deep, the most recent figure standing at $7.1 million for Q4 2025.

• In Q4 2025, Cost of Revenue fell 2.1% year-over-year to $7.1 million; the TTM figure through Dec 2025 stood at $26.4 million (down 3.19% YoY), while the FY2025 annual figure 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.
• A 5-year average of $9.4 million and a median of $8.2 million in 2023 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue jumped 99.84% in 2021 and slumped 46.68% in 2023, its largest moves.
• Agora's Cost of Revenue stood at $13.8 million in 2021, then declined by 11.66% to $12.2 million in 2022, then tumbled by 42.12% to $7.1 million in 2023, then rose by 3.13% to $7.3 million in 2024, then retreated by 2.1% to $7.1 million in 2025.
• According to Business Quant data, Cost of Revenue over the past three periods registered $7.1 million, $6.5 million, and $6.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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