Quarterly ResultMay 26, 2026, 06:03 PM
Agora Q1 Revenue +13.5% to $37.7M; Net Income $1.1M
AI Summary
Agora, Inc. reported its first quarter 2026 financial results, with total revenues increasing 13.5% year-over-year to $37.7 million and net income rising to $1.1 million, marking its sixth consecutive quarter of GAAP profitability. The company highlighted the launch of Agent Studio, a no-code platform for voice AI agents, and noted robust customer adoption. Despite a decrease in gross margin due to product mix changes, Agora repurchased $13.1 million in shares and provided Q2 2026 revenue guidance of $39.0 million to $40.0 million.
Key Highlights
- Total revenues for Q1 2026 were $37.7 million, an increase of 13.5% year-over-year.
- Net income for Q1 2026 was $1.1 million, up from $0.4 million in Q1 2025.
- Basic and diluted net income per ADS was $0.01 in Q1 2026, compared to $0.004 in Q1 2025.
- Gross margin was 63.4% in Q1 2026, a decrease from 68.0% in Q1 2025.
- Dollar-Based Net Retention Rate for Q1 2026 was 99%, up from 95% in Q1 2025.
- Repurchased approximately $13.1 million of Class A ordinary shares in Q1 2026.
- Active Customers as of March 31, 2026, increased 3.8% to 3,946.
- Q2 2026 revenue guidance is between $39.0 million and $40.0 million, representing 13.7% to 16.6% year-over-year growth.
Price Impact
More from API