Agora (API) Research & Development (2019 - 2026)
Agora's (API) quarterly Research & Development came in at $15.4 million in Q2 2026, up 10.16% year-over-year from $14.0 million in Q2 2025, and up 6.76% quarter-over-quarter from $14.4 million in Q1 2026.
Analysis
Agora (API) Research & Development (2019 - 2026) Analysis & Trends
Agora has disclosed Research & Development across 8 years of filings, most recently posting $15.4 million for Q2 2026.
- In Q2 2026, Research & Development rose 10.16% year-over-year to $15.4 million; the TTM figure through Jun 2026 stood at $57.3 million (down 20.51% YoY), while the FY2025 annual figure was -$55.5 million, up 30.97% from the prior year.
- Research & Development came in at $15.4 million for Q2 2026 at Agora, up from $14.4 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.
- Average Research & Development over 5 years is $19.9 million, with a median of $18.1 million recorded in 2024.
- Year-over-year, Research & Development jumped 46.06% in 2024 and sank 52.8% in 2025.
- Over 5 years, Research & Development stood at $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, then grew by 12.81% to $15.4 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $15.4 million in Q2 2026, $14.4 million in Q1 2026, and $13.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 273.32 Mn |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 330.52 Mn |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 385.54 Mn |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 274.91 Mn |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 79.70 Mn |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 37.34 Mn |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 13.50 Mn |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 22.43 Mn |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 15.40 Mn |
| 10 | 8X8 | 263.26 Mn | 168.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.40 Mn |
| Mar 31, 2026 | 14.42 Mn |
| 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 |