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
DateValue
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