Agora (API) Operating Expenses (2019 - 2025)

Agora's Operating Expenses history runs 7 years deep, the most recent figure standing at $26.1 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 8.27% year-over-year to $26.1 million; the TTM figure through Dec 2025 stood at $104.5 million (down 25.55% YoY), while the FY2025 annual figure was $104.5 million, down 25.55% from the prior year.
• Operating Expenses came in at $26.1 million for Q4 2025 at Agora, up 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 surged 123.86% in 2021 and tumbled 44.81% in 2025, its largest moves.
• Agora's Operating Expenses stood at $51.9 million in 2021, then slipped by 17.8% to $42.7 million in 2022, then slipped by 26.79% to $31.2 million in 2023, then fell by 8.8% to $28.5 million in 2024, then fell by 8.27% to $26.1 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered $26.1 million, $25.3 million, and $26.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

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