Agora (API) Research & Development (2019 - 2025)
Agora (API) reported Research & Development of $13.6 million for Q4 2025, down 7.74% on a YoY basis from $14.8 million in Q4 2024, and down 1.22% sequentially from $13.8 million in Q3 2025.
Agora (API) Research & Development (2019 - 2025) Analysis & Trends
Agora (API) has 7 years of Research & Development data on file, last reported at $13.6 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 7.74% year-over-year to $13.6 million; the trailing twelve-month figure through Dec 2025 stood at $55.5 million (down 30.97% YoY), and the FY2025 full-year result was $55.5 million, down 30.97% from the prior year.
- Research & Development declined to $13.6 million in Q4 2025, from $13.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $32.4 million in Q2 2022 to a low of $13.6 million in Q4 2025.
- A 5-year average of $21.9 million and a median of $20.7 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 147.3% in 2021 and plunged 52.8% in 2025, its largest moves.
- Tracing API's Research & Development over 5 years: stood at $28.8 million in 2021, then declined by 26.14% to $21.3 million in 2022, then declined by 23.27% to $16.3 million in 2023, then decreased by 9.3% to $14.8 million in 2024, then decreased by 7.74% to $13.6 million in 2025.
- Business Quant data shows API's Research & Development at $13.6 million in Q4 2025, $13.8 million in Q3 2025, and $14.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Agora | 1.43 Bn | 1.35 Bn | 24.83 Mn | 13.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 13.65 Mn |
| Sep 30, 2025 | 13.82 Mn |
| Jun 30, 2025 | 13.98 Mn |
| Mar 31, 2025 | 14.02 Mn |
| Dec 31, 2024 | 14.79 Mn |
| Sep 30, 2024 | 29.27 Mn |
| Jun 30, 2024 | 18.14 Mn |
| Mar 31, 2024 | 18.14 Mn |
| Dec 31, 2023 | 16.31 Mn |
| Sep 30, 2023 | 20.04 Mn |
| Jun 30, 2023 | 20.29 Mn |
| Mar 31, 2023 | 21.03 Mn |
| Dec 31, 2022 | 21.26 Mn |
| Sep 30, 2022 | 29.77 Mn |
| Jun 30, 2022 | 32.44 Mn |
| Mar 31, 2022 | 31.03 Mn |
| Dec 31, 2021 | 28.78 Mn |
| Sep 30, 2021 | 29.67 Mn |
| Jun 30, 2021 | 27.00 Mn |
| Mar 31, 2021 | 25.22 Mn |