Agora (API) Research & Development (2019 - 2025)

Agora has disclosed Research & Development across 7 years of filings, most recently posting $13.6 million for Q4 2025.

• Research & Development for Q4 2025 came in at $13.6 million, down 7.74% year-over-year; the trailing twelve-month figure through Dec 2025 was $55.5 million (down 30.97% YoY), and the FY2025 annual result was $55.5 million, down 30.97% from the prior year.
• Research & Development came in at $13.6 million for Q4 2025 at Agora, down 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.
• The 5-year median for Research & Development is $20.7 million (2023), against an average of $21.9 million.
• Across the five-year window, Research & Development surged 147.3% in 2021 and slumped 52.8% in 2025, its largest moves.
• Agora's Research & Development stood at $28.8 million in 2021, then fell by 26.14% to $21.3 million in 2022, then fell by 23.27% to $16.3 million in 2023, then slipped by 9.3% to $14.8 million in 2024, then slipped by 7.74% to $13.6 million in 2025.
• The last three Research & Development figures came in at $13.6 million (Q4 2025), $13.8 million (Q3 2025), and $14.0 million (Q2 2025), per Business Quant data.