Agora (API) investor relations material

Executive summary

• Achieved seventh consecutive quarter of GAAP profitability and third consecutive quarter of accelerating growth, with Q2 2026 revenue at $40.4 million, up 18% year-over-year.

• Net profit for Q2 was $2.2 million, a 50% year-over-year increase, reflecting improved operating leverage and cost management.

• Strong adoption and expansion of voice AI agents in call centers and other industries, with performance matching or surpassing human representatives in certain tasks.

• Maintained strong customer retention, with a dollar-based net retention rate of 104%.

• Continued investment in real-time infrastructure, developer ecosystem, and financial discipline.

Financial highlights

• Q2 2026 revenue: $40.4 million, up 18% year-over-year, above guidance.

• Gross profit: $25.7 million, up 12.5% year-over-year; gross margin 63.7% (down from 66.8% last year, up from 63.4% last quarter).

• GAAP net income: $2.2 million, up 50% year-over-year; net income margin 5.4%.

• Operating cash flow: -$2.1 million, compared to -$0.4 million in Q2 2025.

• Dollar-based net retention rate: 104%, up from 94% in Q2 2025.

Outlook and guidance

• Q3 2026 revenue expected between $41 million and $42 million, representing 15.8%-18.6% year-over-year growth.

• Targeting 5% revenue contribution from Conversational AI by end of 2026; full-year contribution will be lower.

• Goal to achieve quarterly GAAP operating profitability by year-end.

• Guidance reflects current market and operational conditions and is subject to change.