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.

Revenue
+18.0%
EPS
+89.9%
Free cash flow
−94.8%
Total debt
+64.9%

Quarter to June 2026, against a year earlier

4.30 0.09 −2.05%
Market cap
$326.9M
P/E
47.4×
Fwd P/E
30.8×
Dividend yield
—
F-score
7/9
Altman Z
0.98
Beneish M
−2.74
Dividend safety
n/a

Agora, Inc. Sponsored ADR (API) Altman Z-score

Alert me on 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 zoneabove 2.99above 2.60
Grey zone1.81–2.991.10–2.60
Distress zonebelow 1.81below 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

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

The full definition of Altman Z-score →

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