Agora (API) Operating Expenses (2019 - 2025)
Agora (API) reported Operating Expenses of $26.1 million for Q4 2025, down 8.27% on a YoY basis from $28.5 million in Q4 2024, and up 3.22% sequentially from $25.3 million in Q3 2025.
Agora (API) Operating Expenses (2019 - 2025) Analysis & Trends
Agora (API) has 7 years of Operating Expenses data on file, last reported at $26.1 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 8.27% year-over-year to $26.1 million; the trailing twelve-month figure through Dec 2025 stood at $104.5 million (down 25.55% YoY), and the FY2025 full-year result was $104.5 million, down 25.55% from the prior year.
- Operating Expenses advanced to $26.1 million in Q4 2025, from $25.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $55.6 million in Q3 2022 to a low of $25.3 million in Q3 2025.
- A 5-year average of $39.3 million and a median of $38.9 million in 2021 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 123.86% in 2021 and slumped 44.81% in 2025, its largest moves.
- Tracing API's Operating Expenses over 5 years: stood at $51.9 million in 2021, then retreated by 17.8% to $42.7 million in 2022, then retreated by 26.79% to $31.2 million in 2023, then dropped by 8.8% to $28.5 million in 2024, then dropped by 8.27% to $26.1 million in 2025.
- Business Quant data shows API's Operating Expenses at $26.1 million in Q4 2025, $25.3 million in Q3 2025, and $26.5 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Agora | 1.43 Bn | 1.35 Bn | 24.83 Mn | 26.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 26.14 Mn |
| Sep 30, 2025 | 25.32 Mn |
| Jun 30, 2025 | 26.54 Mn |
| Mar 31, 2025 | 26.49 Mn |
| Dec 31, 2024 | 28.49 Mn |
| Sep 30, 2024 | 45.87 Mn |
| Jun 30, 2024 | 32.64 Mn |
| Mar 31, 2024 | 33.33 Mn |
| Dec 31, 2023 | 31.24 Mn |
| Sep 30, 2023 | 36.90 Mn |
| Jun 30, 2023 | 38.14 Mn |
| Mar 31, 2023 | 40.32 Mn |
| Dec 31, 2022 | 42.68 Mn |
| Sep 30, 2022 | 55.64 Mn |
| Jun 30, 2022 | 54.51 Mn |
| Mar 31, 2022 | 54.12 Mn |
| Dec 31, 2021 | 51.92 Mn |
| Sep 30, 2021 | 50.40 Mn |
| Jun 30, 2021 | 45.28 Mn |
| Mar 31, 2021 | 39.67 Mn |