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
DateValue
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