Agora (API) Research & Development (2019 - 2025)
Agora (API) posted Research & Development of $13.6 million for Q4 2025, down 1.22% sequentially from $13.8 million in Q3 2025, and down 7.74% YoY from $14.8 million in Q4 2024.
Agora (API) Research & Development (2019 - 2025) Analysis & Trends
Agora has reported Research & Development for 7 years, with the latest figure at $13.6 million in Q4 2025.
- Quarterly Research & Development fell 7.74% year-over-year to $13.6 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $55.5 million (down 30.97% YoY) and the FY2025 annual result came in at $55.5 million, down 30.97% from the prior year.
- Research & Development declined to $13.6 million in Q4 2025 per API's latest filing, from $13.8 million in the prior quarter.
- Over five years, Research & Development peaked at $32.4 million in Q2 2022 and troughed at $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.
- The sharpest annual moves came in 2021 and 2025: Research & Development jumped 147.3% in 2021, then slumped 52.8% in 2025.
- Over 5 years, Research & Development stood at $28.8 million in 2021, then decreased by 26.14% to $21.3 million in 2022, then decreased by 23.27% to $16.3 million in 2023, then declined by 9.3% to $14.8 million in 2024, then declined by 7.74% to $13.6 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered $13.6 million, $13.8 million, and $14.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Agora | 545.92 Mn | 465.69 Mn | 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 |