← Agora, Inc.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Net Income $376k ($6.2m) ($3.1m) ($72.4m) ($120.4m) ($87.2m) ($42.7m) $9.5m
Depreciation of property and equipment $922k $1.9m $4.5m $8.3m $9.5m $7.1m $3.5m $2.0m
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
Impairment of goodwill — — — — $11.9m $31.9m — —
Losses from extinguishment of convertible note — — — — — $1.2m — —
(Gain) loss on disposal of property and equipment $367k $613k $2.3m $373k $227k ($11k) ($9k) $8k
Interest expense — — — — — $20k — —
Operating lease liabilities — $0 $0 ($4.0m) ($4.2m) ($2.6m) ($2.9m) ($2.2m)
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
Right-of-use assets obtained in exchange for operating lease obligations — $0 $0 $4.3m $198k $4.6m $2.3m $90k
Allowance for current expected credit losses — $780k $1.4m $4.8m $5.4m $7.0m $8.7m $4.0m
Change in the fair value of investments — $0 $0 $1.1m $330k — — —
Interest income on debt securities — $0 $0 ($295k) ($401k) ($105k) $0 $0
Loss from equity in affiliates — — — — — $31k $3.5m $32k
Investment loss (income) — — — $1.7m $8.6m $18.5m $3.3m ($1.5m)
Return on investment from equity affiliates — $0 $0 $329k — $21k — —
Accounts receivable ($5.6m) ($4.8m) ($9.8m) ($8.5m) ($8.0m) ($9.1m) ($5.0m) $2.4m
Contract assets — $0 $0 ($240k) ($564k) ($522k) ($67k) $978k
Prepayments and other current assets $48k $207k ($5.1m) ($907k) ($515k) ($1.8m) ($13.9m) $7.6m
Other non-current assets ($338k) ($135k) ($691k) ($128k) $3.1m ($7.3m) $5.9m ($2.7m)
Accounts payable $807k $1.1m $1.8m ($734k) $5.5m $3.2m ($248k) ($3.1m)
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)
Deferred income — $0 $0 ($102k) $402k ($160k) $62k $252k
Accrued expenses and other liabilities $2.7m $4.0m $6.8m $14.1m ($1.9m) ($4.2m) ($5.9m) $858k
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 property and equipment ($2.3m) ($4.8m) ($12.9m) ($12.2m) ($4.1m) ($924k) ($2.5m) ($1.7m)
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) — —
Disposal of property and equipment $367k $613k $2.3m $373k $227k $92k $93k $41k
Cash received from business disposal — — — — — $5.8m — $7.3m
Cash received from disposal of long-term investments — — — — — — $155k —
Return of investment from equity affiliates — $0 $0 $138k $56k $8k — —
Proceeds from long-term borrowings for the headquarters project — — — — — $10.9m $35.8m $32.4m
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) — —
Accretion to redemption value of convertible redeemable preferred shares $33.2m $50.7m $193.5m $0 $0 — — —
Payables for property and equipment $367k $613k $2.3m $373k $227k $12k $398k $31k
Payables for financing cost — — — — — — — $1.8m
Proceeds receivable from exercise of employees' share options $0 $0 $612k $329k $90k $116k $417k $35k
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
Settlement of compensation costs in relation to an acquisition with shares — — — — — $1.8m — —
Payables for interest — — — — — $11k — —
Net cash (used in) provided by operating activities $536k $706k $6.6m ($20.0m) ($52.4m) ($13.6m) ($14.1m) $27.2m
Purchase of short-term investments ($1.5m) ($97.6m) ($522.7m) ($504.6m) ($563.4m) ($791k) $0 $0
Purchase of long-term investments — $0 $0 ($48.8m) ($58.8m) ($15k) ($562k) —
Proceeds from sale of short-term investments $0 $99.0m $0 $558.6m $646.7m — $235k $514k
Net cash provided by (used in) investing activities ($3.8m) ($3.4m) ($535.1m) ($57.7m) ($144.1m) $56.6m ($38.0m) $13.3m
Proceeds from dividends of short-term investments — — — — — — — $110k
Net cash (used in) provided by financing activities $65.8m $0 $533.6m $251.9m ($41.1m) ($52.4m) $46.0m $5.0m
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash ($556k) ($269k) $465k $279k ($918k) ($805k) ($162k) ($721k)
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 — — — — $47.3m — — —
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
Interest paid — — — — — $24k — —
Income taxes paid $422k $411k $742k $966k $55k $152k $185k $233k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.