Agora Inc logo

Agora Inc(API)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$4.15
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for API

09/28/2026: API (1-star) is currently NOT-A-BUY. Pass it for now.

Agora Inc is a specialized provider of real-time communication APIs, enabling developers to build high-performance voice, video, and streaming into their applications. The company has a leading position in low-latency performance thanks to its proprietary network, which differentiates it from general-purpose cloud competitors. Its current investment story centers on pivoting toward enterprise-grade clients and integrating advanced AI capabilities. However, investors must consider risks like intense competition from well-funded cloud platforms and volatility in usage-based revenue. The stock is best suited for growth investors who can tolerate high volatility and are monitoring the successful transition of the company toward more stable enterprise revenue streams.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe growth narrative is currently tied to successful product expansion into AI and enterprise sectors.
Momentum investorWeak fitThe stock has struggled to maintain upward momentum and requires a clear technical breakout.
Value investorWeak fitValuation has compressed, but business quality is still maturing relative to stable value plays.
Dividend investorWeak fitThe company does not pay dividends and focuses on growth.
Low-risk investorWeak fitHigh volatility and sensitivity to tech sector sentiment make it unsuitable for conservative portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is highly sensitive to growth expectations and tech market sentiment.
Valuation riskMedium / highMarket sentiment frequently shifts on growth stocks, impacting valuation multiples.
Competition risk (Cloud Communications)HighIntense pressure from hyperscalers and Twilio limits pricing power.
Business qualityMediumThe platform is highly sticky, but the underlying business is still building sustained profitability.
Dividend incomeLow / noneNo capital return program currently exists.
Execution riskMedium / highSuccessful pivot to enterprise and AI remains the core execution challenge.

Price Behavior

Flat / Range-Bound
PRICE PATH

Flat / Range-Bound

The stock price has been trading within a narrow range with minimal directional movement.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -80.43%
Avg. Invested days 19
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
API receives a 3-star rating, supported by solid company fundamentals. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
API has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+122.4%) is partially offset by weak cash generation (FCF margin -3.3%), moderate revenue growth (+5.9%), soft profitability (net margin 6.8%).

Financial Health Rating

★★★★★
API's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 28.2%). Overall financial-health metrics support a 3-star score.

Growth Momentum Score

★★★★★
Earnings growth is API's strongest growth driver at +122.4% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+90.5%, strong) is also strong, while revenue growth (+5.9%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 38.6% (moderate) and 84.9% of outstanding shares are publicly tradable (strong). Insider ownership of 3.54% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Susquehanna International Group, LLP 8.85%
TMT General Partner Ltd 2.78%
Hillhouse Capital Advisors, Ltd. 2.48%
Allspring Global Investments Holdings, LLC 2.11%
Morgan Stanley - Brokerage Accounts 1.26%

Unit Economics (Per $1K Revenue)

★★★★★
API generates approximately $664 of gross profit, $-67 of operating income, and $-33 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 3.28%

Quantitative Style Profile

★★★★★
API has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Low VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 355.95M USD
Price to earnings Ratio 42.1
1Y Target Price 5.9
Price to earnings Ratio 42.1
1Y Target Price 5.9
Volume (30-day avg) 143.1K shares
Beta 0.8
52 Weeks Range 3.14 - 5.50
Updated Date 09/27/2026
52 Weeks Range 3.14 - 5.50
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.1

How Company Makes Money

Business areaWhat it includesRetail investor read
Usage-based APIsVoice, video, and streaming minutes consumption fees.Revenue fluctuates based on how much customers actually use their platform.
Enterprise ServicesSubscription-based premium support and SLA-backed services.This provides more predictable revenue compared to usage-based fees.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 42.1
Forward PE 434.78
Enterprise Value 122.86M
Price to Sales(TTM) 2.35
Enterprise Value 122.86M
Price to Sales(TTM) 2.35
Enterprise Value to Revenue 0.81
Enterprise Value to EBITDA 6.65
Shares Outstanding 65.50M
Shares Floating 55.60M
Shares Outstanding 65.50M
Shares Floating 55.60M
Percent Insiders 3.54
Percent Institutions 38.65

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Agora Inc

Exchange NASDAQ
Headquarters Santa Clara, CA, United States
IPO Launch date 2020-06-26
Co-Founder, CEO & Chairman Mr. Bin Zhao
Sector Technology
Industry Software - Application
Full time employees 543
Full time employees 543

Agora, Inc., through its subsidiaries, engages in the operation of a real-time engagement platform-as-a-service in the United States, the People's Republic of China, and internationally. Its RTE-PaaS platform enables real-time engagement for concurrent end users which offers real-time engagement offerings, such as video calling, voice calling, live streaming, chat, signaling, conversational AI engine, and convo AI device kit. The company also provides extensions, including analytics, media services, Interactive whiteboard, Real-time speech-to-text, and Real-time translation. It operates under the Agora and Shengwang brands. Agora, Inc. was incorporated in 2013 and is headquartered in Santa Clara, California.