Agora, Inc. Sponsored ADR
API Technology Software Application
Agora, Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $141.1 million, up 5.85% from fiscal 2024. In the quarter to June 2026, revenue grew 18.0%, EPS grew 89.9%, free cash flow fell 94.8% and total debt rose 64.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Agora, Inc. Sponsored ADR (API) Altman Z-score
Agora, Inc. Sponsored ADR's Altman Z-score for fiscal 2025 is 0.98, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.98 | (0.28) |
| FY2024 | 1.26 | (0.21) |
| FY2023 | 1.48 | (1.86) |
| FY2022 | 3.33 | (10.75) |
| FY2021 | 14.08 | (30.63) |
| FY2020 | 44.71 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.28 | — | 0.34 | |
| Retained earnings / total assets | (0.66) | — | −0.93 | |
| EBIT / total assets | (0.01) | — | −0.04 | |
| Market value of equity / total liabilities | 2.37 | — | 1.42 | |
| Sales / total assets | 0.20 | — | 0.20 | |
| Altman Z-score | Distress zone | 0.98 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.34 | ||
Z and Z″ put Agora, Inc. Sponsored ADR in different zones: distress zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| PLTS Platinum Analytics Cayman Limited compare | 136× |
| LAW CS Disco, Inc. compare | 4.3× |
| HKD AMTD Digital Inc. Sponsored ADR compare | 2.2× |
| API Agora, Inc. Sponsored ADR | 1.0× |
| SVCO Silvaco Group, Inc. compare | 0.1× |
| EGHT 8x8 Inc compare | −0.4× |
| RBBN Ribbon Communications Inc. compare | −0.5× |
| CMRC Commerce.com, Inc. compare | −0.8× |
| CURR Currenc Group Inc. compare | −0.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets