Agora (API) Cost of Revenue (2019 - 2026)

For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Agora was $53.87 million, up 22.3% year-over-year; for the year ended Dec 31, 2025, it came in at $47.39 million, down 0.9% from the prior year.

• Annual Cost of Revenue has declined for four consecutive years, though with a five-year compound annual growth rate of 0.1% (years ended Dec 2020 to Dec 2025).
• In prior years, Agora's Cost of Revenue was $47.81 million in the year ended Dec 31, 2024 (-8.2%), $52.06 million in the year ended Dec 31, 2023 (-15.0%), $61.25 million in the year ended Dec 31, 2022 (-4.3%) and $63.98 million in the year ended Dec 31, 2021 (+35.5%).
• The figure for the quarter ended Jun 30, 2026 stands as the highest quarterly Cost of Revenue since the quarter ended Dec 31, 2022.
• On a year-over-year basis, Cost of Revenue has increased in each of the last four quarters, with growth averaging 3.7% over the last eight quarters.
• The strongest year-over-year quarter for Cost of Revenue in the past five years was the quarter ended Sep 30, 2021, with growth of 35.4%; the weakest was the quarter ended Sep 30, 2023, with a decline of 24.3%.
• According to Business Quant data, Cost of Revenue for the three prior quarters was $13.82 million (quarter ended Mar 31, 2026), $13.33 million (quarter ended Dec 31, 2025) and $12.04 million (quarter ended Sep 30, 2025).