Highlights

  • Agora, Inc. (Nasdaq: API), a provider of real-time voice, video and engagement technology whose American depositary shares (ADSs) trade on the Nasdaq, reported second-quarter 2026 results.
  • As a foreign private issuer, Agora furnishes its results on Form 6-K rather than the quarterly 10-Q used by domestic companies.
  • The company nonetheless recorded an operating loss of $1.0 million, narrowed from $3.1 million a year earlier.
  • Cash and bank balances, including cash, bank deposits and bank-issued financial products, were $361.7 million at 30 June 2026.

Agora, Inc. (NASDAQ:API), a provider of real-time voice, video and engagement technology whose American depositary shares (ADSs) trade on the Nasdaq, reported second-quarter 2026 results on 13 August 2026. Revenue was $40.4 million, up 18.0% from $34.3 million a year earlier. Chief executive Tony Zhao said the company was pleased to report another quarter of accelerating growth.

As a foreign private issuer, Agora furnishes its results on Form 6-K rather than the quarterly 10-Q used by domestic companies. The reviewed material identified no later company release during research.

Profit and loss

Net income was $2.2 million, up from $1.5 million in the second quarter of 2025, or roughly 5% of revenue on my arithmetic. The company nonetheless recorded an operating loss of $1.0 million, narrowed from $3.1 million a year earlier. The gap between the operating loss and positive net income indicates that income from outside operations, which may include interest on its large cash holdings, supported the bottom line; the release should be consulted for the precise breakdown.

The narrowing operating loss shows that growth is covering a larger share of the cost base, although the company has not yet reached operating profit on this measure. Net income and operating income are different yardsticks, and readers should avoid treating the small net profit as evidence of a self-sustaining operating business until the operating line turns positive.

Cash and buybacks

Cash and bank balances, including cash, bank deposits and bank-issued financial products, were $361.7 million at 30 June 2026. That is nearly nine times quarterly revenue, so the balance sheet is large relative to the operating business.

In the second quarter the company repurchased about 3.8 million Class A shares, equivalent to about 1.0 million ADSs, for $3.7 million, implying an average of roughly $3.70 per ADS by my arithmetic. Under the current programme, which expires in February 2027, it has repurchased about 178.5 million Class A shares for $159.9 million. One ADS represents four Class A ordinary shares. On the cumulative figures the average repurchase price works out at about $0.90 per Class A share, or roughly $3.58 per ADS, a little below the $4.42 closing price on 13 October. That comparison is a calculation from the reported figures and says nothing at all about future returns.

Guidance

For the third quarter the company guided to revenue of $41 million to $42 million, or 15.8% to 18.6% growth year on year. This is a management forecast, not a reported result. At the midpoint the guide implies sequential growth of roughly 3% from $40.4 million, so it points to continued expansion at a slightly slower year-on-year rate than the 18.0% delivered in the second quarter.

The release is the authoritative source for any further commentary on product lines, customer concentration or regional mix, which The reviewed material did not extract in detail here now.

Share Price and the Next Test

StockAnalysis.com recorded the ADS closing at $4.42 on 13 October 2026, up 7.5% from $4.11 on 12 October, on volume of about 587,000 shares against about 69,000 the previous session. A separate after-hours price of $4.47 was shown for the same date. Google Finance showed $4.12 at the 6 October close. The reviewed material did not identify a company announcement explaining the 13 October move and attribute it to no cause.

The reviewed material did not verify Agora as a constituent of a named index from an authoritative source, so the Nasdaq Composite is used only as a labelled benchmark. Nothing here implies index membership.

Items to monitor include whether revenue growth stays near the guided range, whether the operating loss closes, how much further the buyback programme is used before it expires, and the next results date, which The reviewed material did not confirm.