Agora (ADR) (API)
Provides developers with usage-based APIs for real-time voice, video, chat, streaming, and conversational AI.
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Operates separately managed Agora and Shengwang PaaS divisions. Agora serves the United States and other international markets, while Shengwang serves China through a usage-based platform for embedding real-time voice, video, chat, interactive streaming, and AI capabilities into applications.
Developers use the platform's APIs to add real-time voice, video, chat, interactive streaming, and conversational-AI capabilities to applications. Agora serves the United States and international markets outside China; Shengwang serves China through a separately managed division.
Revenue follows a usage-based model: accounts receive a free monthly allowance, then pay based on use. Engineers help customers integrate the platform for new use cases, supporting experimentation and deployment.
The Nasdaq-listed issuer is a Cayman holding company whose global and China operations are run through separate subsidiaries. The historical China VIE contractual structure ended after PRC subsidiaries held the relevant permits, licenses, and assets.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Jan 16, 2025 | B of A Securities | Upgrade | Neutral | Buy |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $344.0M · Total debt $101.4M · Total assets $733.2M · Shareholders' equity $556.6M
- Revenue
- $40.5M
- Operating income
- −$1.5M
- Net income
- $2.2M
No dividends on record.
| Institutions65 holders · as of Mar 31, 2026 | 28.16% | 25.38M ADS | |
| Insiders9 holders · as of Aug 3, 2026 | 56.63% | 51.03M ADS | |
| Strategic holders1 holder · as of Mar 10, 2021 | 0.92% | 833.4K ADS | |
| Otherremainder | 14.29% | 12.87M ADS |
90.11M ADS (1 ADS = 4 ordinary shares) as of Aug 23, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Bin (Tony) ZhaoInsider | 25.32% | 22.82M | 13Gfiled May 15, 2026 ↗ |
Bin Zhao1Insiderdirector, officer: Chief Executive Officer | 23.15% | 76.18M B ordinary · 7.27M A ordinary | Form 4filed Jun 10, 2026 ↗ |
Susquehanna International Group, LLPInstitution | 8.31% | 7.48M A ADS | 13Fas of Mar 31, 2026 |
Philippe LaffontInsider | 3.65% | 3.29M | 13G/Afiled Nov 3, 2021 ↗ |
Qin LiuInsiderdirector | 3.48% | 12.56M A ordinary | Form 4filed Mar 23, 2026 ↗ |
| See all 25 → | |||
- Bin Zhao reports a block also reported by Yunqi Capital Ltd; it is counted once, under Yunqi Capital Ltd.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Agora (ADR) | $4.16 | +0.97% | $372.2M | 36.0 | — | 2.5 | +18.0% |
| Zoom Communications | $96.28 | +0.44% | $28.11B | 8.9 | 15.6 | 5.6 | +4.9% |
| Ericsson (ADR) | $10.15 | +1.05% | $32.97B | 13.1 | 20.4 | 1.4 | −6.7% |
| Microsoft | $498.45 | +0.33% | $3.69T | 27.7 | 25.4 | 11.1 | +17.8% |
| Alibaba Group (ADR) | $109.65 | −1.94% | $267.95B | 25.5 | 16.8 | 1.7 | +14.8% |
| Amazon | $255.65 | +0.28% | $2.74T | 20.5 | 27.3 | 3.5 | +19.6% |
| Median | 20.5 | 20.4 | 3.5 | +14.8% |