← Agora, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $376k |
($6.2m)
-1742.43%
|
($3.1m)
+49.58%
|
($72.4m)
-2222.90%
|
($120.4m)
-66.37%
|
($87.2m)
+27.55%
|
($42.7m)
+51.01%
|
$9.5m
+122.30%
|
$10.2m
+7.37%
|
|
| Depreciation of property and equipment | $922k | $1.9m | $4.5m | $8.3m | $9.5m | $7.1m | $3.5m | $2.0m | $7.7m | |
| Amortization of intangible assets | — | $0 | $0 | $1.9m | $2.3m | $1.4m | $663k | $515k | — | |
| Amortization of land use right | — | — | — | — | — | $3.2m | $3.4m | $3.4m | — | |
| Amortization of right-of-use asset | — | $0 | $0 | $3.7m | $4.1m | $2.9m | $2.6m | $2.1m | — | |
| Deferred tax benefit | — | ($336k) | $378k | $238k | ($336k) | ($212k) | ($102k) | ($81k) | — | |
| Share-based compensation expense | $2.9m | $3.4m | $12.0m | $31.5m | $32.4m | $24.6m | $22.7m | $5.6m | $4.9m | |
| Impairment of goodwill | — | — | — | — | $11.9m | $31.9m | — | — | — | |
| Accounts receivable | ($5.6m) | ($4.8m) | ($9.8m) | ($8.5m) | ($8.0m) | ($9.1m) | ($5.0m) | $2.4m | $582k | |
| Accounts payable | $807k | $1.1m | $1.8m | ($734k) | $5.5m | $3.2m | ($248k) | ($3.1m) | ($492k) | |
| Payables for property and equipment | $367k | $613k | $2.3m | $373k | $227k | $12k | $398k | $31k | — | |
| Payables for financing cost | — | — | — | — | — | — | — | $1.8m | — | |
| Payables for long-term investment | — | $0 | $0 | $5.5m | — | — | — | — | — | |
| Payables for deferred financing cost | — | $0 | $0 | $2.2m | — | — | — | — | — | |
| Payables for treasury shares, at cost | — | — | — | — | $680k | $210k | $83k | $326k | — | |
| Payables for construction in progress for the headquarters project | — | — | — | — | $1.2m | $7.1m | $12.8m | $16.6m | — | |
| Payables for interest | — | — | — | — | — | $11k | — | — | — | |
| Accrued expenses and other liabilities | $2.7m | $4.0m | $6.8m | $14.1m | ($1.9m) | ($4.2m) | ($5.9m) | $858k | — | |
| Prepayments and other current assets | $48k | $207k | ($5.1m) | ($907k) | ($515k) | ($1.8m) | ($13.9m) | $7.6m | — | |
| Net cash (used in) provided by operating activities | $536k |
$706k
+31.77%
|
$6.6m
+829.23%
|
($20.0m)
-404.68%
|
($52.4m)
-161.90%
|
($13.6m)
+74.01%
|
($14.1m)
-3.81%
|
$27.2m
+292.75%
|
$15.3m
-43.64%
|
|
| (Gain) loss on disposal of property and equipment | $367k | $613k | $2.3m | $373k | $227k | ($11k) | ($9k) | $8k | — | |
| Purchase of property and equipment | ($2.3m) | ($4.8m) | ($12.9m) | ($12.2m) | ($4.1m) | ($924k) | ($2.5m) | ($1.7m) | ($30.5m) | |
| Disposal of property and equipment | $367k | $613k | $2.3m | $373k | $227k | $92k | $93k | $41k | — | |
| Change in the fair value of investments | — | $0 | $0 | $1.1m | $330k | — | — | — | — | |
| Interest income on debt securities | — | $0 | $0 | ($295k) | ($401k) | ($105k) | $0 | $0 | — | |
| Purchase of short-term investments | ($1.5m) | ($97.6m) | ($522.7m) | ($504.6m) | ($563.4m) | ($791k) | $0 | $0 | — | |
| Proceeds from sale of short-term investments | $0 | $99.0m | $0 | $558.6m | $646.7m | — | $235k | $514k | — | |
| Proceeds from dividends of short-term investments | — | — | — | — | — | — | — | $110k | — | |
| Purchase of long-term investments | — | $0 | $0 | ($48.8m) | ($58.8m) | ($15k) | ($562k) | — | — | |
| Cash received from disposal of long-term investments | — | — | — | — | — | — | $155k | — | — | |
| Net cash provided by (used in) investing activities | ($3.8m) | ($3.4m) | ($535.1m) | ($57.7m) | ($144.1m) | $56.6m | ($38.0m) | $13.3m | $56.9m | |
| Proceeds from long-term borrowings for the headquarters project | — | — | — | — | — | $10.9m | $35.8m | $32.4m | — | |
| Net cash (used in) provided by financing activities | $65.8m |
$0
-100.00%
|
$533.6m |
$251.9m
-52.79%
|
($41.1m)
-116.33%
|
($52.4m)
-27.26%
|
$46.0m
+187.83%
|
$5.0m
-89.15%
|
— | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | $62.0m | ($2.9m) | $5.6m | $174.5m | ($238.5m) | ($10.1m) | ($6.3m) | $44.8m | — | |
| Cash, cash equivalents and restricted cash at beginning of year | $108.6m | $105.7m | $111.3m | $285.8m | $45.8m | $37.2m | $30.8m | $75.6m | — | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | ($556k) | ($269k) | $465k | $279k | ($918k) | ($805k) | ($162k) | ($721k) | — | |
| Cash, cash equivalents and restricted cash | — | — | — | — | $47.3m | — | — | — | — | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Allowance for current expected credit losses | — | $780k | $1.4m | $4.8m | $5.4m | $7.0m | $8.7m | $4.0m | — | |
| Loss from equity in affiliates | — | — | — | — | — | $31k | $3.5m | $32k | — | |
| Losses from extinguishment of convertible note | — | — | — | — | — | $1.2m | — | — | — | |
| Investment loss (income) | — | — | — | $1.7m | $8.6m | $18.5m | $3.3m | ($1.5m) | — | |
| Return on investment from equity affiliates | — | $0 | $0 | $329k | — | $21k | — | — | — | |
| Interest expense | — | — | — | — | — | $20k | — | — | — | |
| Contract assets | — | $0 | $0 | ($240k) | ($564k) | ($522k) | ($67k) | $978k | — | |
| Other non-current assets | ($338k) | ($135k) | ($691k) | ($128k) | $3.1m | ($7.3m) | $5.9m | ($2.7m) | — | |
| Advances from customers | $293k | $303k | $335k | $878k | $1.4m | ($483k) | $1.1m | ($970k) | — | |
| Taxes payable | ($1.1m) | $1.2m | ($451k) | $155k | ($391k) | ($1.2m) | $1.3m | ($1.5m) | — | |
| Operating lease liabilities | — | $0 | $0 | ($4.0m) | ($4.2m) | ($2.6m) | ($2.9m) | ($2.2m) | — | |
| Deferred income | — | $0 | $0 | ($102k) | $402k | ($160k) | $62k | $252k | ($73k) | |
| Purchase of short-term bank deposits | — | — | — | ($500.1m) | ($424.6m) | ($219.4m) | ($68.3m) | ($61.0m) | — | |
| Purchase of short-term financial products issued by banks | — | — | — | ($18.1m) | ($19.8m) | ($29.9m) | ($70.4m) | ($65.3m) | — | |
| Proceeds from maturity of short-term bank deposits | — | — | — | $550.8m | $538.8m | $467.1m | $130.0m | $204.3m | — | |
| Proceeds from maturity of short-term financial products issued by banks | — | — | — | $22.7m | $3.5m | $17.5m | $105.4m | $144.9m | — | |
| Purchase of long-term bank deposits | — | — | — | — | ($40.7m) | ($143.1m) | ($35.5m) | ($184.0m) | — | |
| Purchase of long-term financial products issued by banks | — | — | — | — | — | ($20.0m) | ($61.4m) | — | — | |
| Purchase of land use right | — | — | — | — | — | ($5.1m) | — | — | — | |
| Purchase of construction in progress for the headquarters project | — | — | — | — | — | ($10.8m) | ($35.2m) | ($31.9m) | — | |
| Purchase of intangible assets | — | $0 | $0 | ($263k) | — | — | — | — | — | |
| Cash paid for an acquisition | — | $0 | $556k | ($50.6m) | — | ($3.7m) | — | — | — | |
| Cash received from business disposal | — | — | — | — | — | $5.8m | — | $7.3m | — | |
| Return of investment from equity affiliates | — | $0 | $0 | $138k | $56k | $8k | — | — | — | |
| Repurchase of Class A ordinary shares | ($785k) | $0 | $0 | — | ($41.1m) | ($62.9m) | ($11.1m) | ($27.7m) | — | |
| Proceeds from exercise of employees' share options | $0 | $0 | $10k | $2.0m | $1.1m | $634k | $853k | $609k | — | |
| Payment of financing cost | — | $0 | $0 | ($55k) | ($2.1m) | — | $0 | ($273k) | — | |
| Deposit received in relation to the headquarters project | — | — | — | — | — | — | $20.4m | — | — | |
| Deposits returned for business disposal | — | — | — | — | — | ($1.0m) | — | — | — | |
| Income taxes paid | $422k | $411k | $742k | $966k | $55k | $152k | $185k | $233k | — | |
| Interest paid | — | — | — | — | — | $24k | — | — | ($1.8m) | |
| Cash paid for fixed operating lease costs included in the measurement of lease obligations in operating activities | $536k | $0 | $0 | $4.0m | $4.2m | $2.6m | $2.9m | $2.2m | $15.3m | |
| Right-of-use assets obtained in exchange for operating lease obligations | — | $0 | $0 | $4.3m | $198k | $4.6m | $2.3m | $90k | — | |
| Accretion to redemption value of convertible redeemable preferred shares | $33.2m | $50.7m | $193.5m | $0 | $0 | — | — | — | — | |
| Proceeds receivable from exercise of employees' share options | $0 | $0 | $612k | $329k | $90k | $116k | $417k | $35k | — | |
| Settlement of compensation costs in relation to an acquisition with shares | — | — | — | — | — | $1.8m | — | — | — |