Agora Inc. reported $37.7 million in Q1 2026 revenue, driven by AI tools and real-time engagement demand.
Agora Inc. (NASDAQ:API) reported Q1 2026 revenue of $37.7 million, a 13.5% year-over-year increase, marking its sixth consecutive quarter of GAAP profitability. Growth was fueled by adoption in live shopping and financial services, alongside the launch of Agent Studio, a no-code AI platform.
Net income rose to $1.1 million from $0.4 million in the prior-year period, while cash reserves stood at $366.1 million. Gross margin dipped to 63.4% due to product mix shifts and sub-scale AI offerings, though operating expenses declined. The company repurchased 3.1 million ADSs during the quarter.
Agora projected Q2 2026 revenue between $39.0 million and $40.0 million, citing sustained demand for its real-time engagement infrastructure and AI integration. The firm focuses on transitioning customers from pilot programs to full-scale production.