Welcome to our dedicated page for Agora SEC filings (Ticker: API), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Agora, Inc. files as a foreign private issuer, and its SEC records document Form 6-K current reports furnished under Exchange Act Rule 13a-16. The disclosures include financial-results press releases for its real-time engagement and conversational AI business, with operating data for Agora and Shengwang, revenue, gross margin, active customer counts, retention metrics, and profitability.
The filing record also covers governance and compensation matters, including an amended and restated Global Equity Incentive Plan. These materials document equity incentive arrangements, periodic operating updates, exhibit filings, and reporting obligations associated with Agora's ADR-listed foreign-issuer structure.
Agora, Inc. ownership disclosure by Susquehanna Securities, LLC reports beneficial ownership of 24,717,032 shares of Class A ordinary shares, equal to 6,179,258 ADSs (each ADS = four shares). The filing states these shares represent 9.4% of the class, with 262,019,205 shares outstanding as of March 31, 2026. The statement lists sole and shared voting and dispositive powers of 24,717,032 each on the cover-page rows incorporated by reference. The filing is signed by Brian Sopinsky, Secretary, dated May 13, 2026.
Bin (Tony) Zhao and related entities reported beneficial ownership totaling 91,277,391 ordinary shares (27.0% of the class). The filing states this ownership consists of 76,179,938 Class B ordinary shares held by Much ado Limited and 15,097,453 Class A ordinary shares held by YY TZ Limited.
Shares outstanding used to calculate percentages are 338,199,143 ordinary shares as of March 31, 2026, comprising 262,019,205 Class A and 76,179,938 Class B ordinary shares, per the cited annual report on Form 20-F.
Agora, Inc. director Eric He increased his direct stake through RSU vesting. On May 1, 2026, he exercised restricted stock units, receiving 1,591 American Depositary Shares (ADSs) at a stated price of $0.00 per ADS. These ADSs were acquired through the vesting of RSUs and reflect stock-based compensation rather than an open-market purchase.
Each RSU represents the right to receive one ADS, and each ADS represents four Class A Ordinary Shares of Agora. Following the transaction, He directly holds 81,388 ADSs and continues to hold 41,374 RSUs, indicating that a substantial RSU-based equity position remains outstanding.
Agora, Inc. files its annual report on Form 20-F, detailing its real-time engagement platform business, dual-brand structure (Agora globally and Shengwang in China), and Cayman holding company model. The company reports revenues of US$141.5 million in 2023, US$133.3 million in 2024 and US$141.1 million in 2025, with a loss from operations of US$9.4 million in 2025 as it continues to invest in growth.
The report explains the termination of its variable interest entity structure in China in January 2025, with China operations now conducted through PRC subsidiaries that hold key telecom licenses. It highlights regulatory and geopolitical risks in the United States, China and other markets, including data, cybersecurity and PRC foreign investment rules, foreign exchange controls on moving cash out of China, and potential trading bans under the Holding Foreign Companies Accountable Act if U.S. audit inspections are restricted.
Agora, Inc. director and Chief Revenue Officer Wang Hua Tony filed an initial ownership report showing both option and share holdings in the company’s ADSs. This filing does not show any new purchases or sales, only current positions.
He holds an Incentive Stock Option covering 1,200,000 ADSs with a $4.00 exercise price, expiring on September 4, 2034. The option vests in three tranches of 400,000 ADSs each upon meeting separate performance goals. He also holds 334,090 ADSs directly. One ADS represents four Class A ordinary shares.
Agora, Inc. director Eric He exercised restricted stock units to receive 1,591 American Depositary Shares (ADSs). The RSUs converted at an exercise price of $0.00 per ADS as part of his equity compensation. Following this vesting event, he holds 79,797 ADSs directly.
Each RSU represents the right to receive one ADS, and each ADS represents four Class A Ordinary Shares of Agora. According to the award terms, these RSUs are scheduled to vest in equal monthly installments from April 1, 2026 until July 1, 2028.
Agora, Inc. COO of Shengwang, Liu Bin Robbin, has filed an initial ownership report detailing existing holdings in Agora ADSs and options. The filing shows direct ownership of 65,802 ADSs as of the reporting date. It also lists fully vested options to acquire 5,634 ADSs at an exercise price of 0.4000 per ADS and 134,190 ADSs at 0.0004 per ADS, along with options for 54,366 and 36,769 ADSs at an exercise price of 0.0000 per ADS. In addition, there is an incentive stock option covering 450,000 ADSs at an exercise price of 4.0000 per ADS, which vests in three 150,000-ADS tranches tied to separate performance goals. One ADS represents four Class A Ordinary Shares.
Agora, Inc. CFO Wang Jingbo reported her initial ownership of company securities. She directly holds 345,547 ADSs and derivative awards covering additional ADSs. These include an option over 514,250 ADSs at an exercise price of $0.40 per ADS expiring in 2030, an incentive stock option over 450,000 ADSs at $4.50 per ADS expiring in 2035, and 450,000 RSUs that vest based on service and ADS price hurdles of $6.00, $10.00, and $15.00 after September 4, 2028.
Agora, Inc. director Liu Qin filed an initial Form 3 reporting indirect holdings of Class A ordinary shares through several investment funds. The filing lists positions held by MORNINGSIDE CHINA TMT FUND II, L.P., Morningside China TMT Top Up Fund, L.P., and multiple Evolution and Morningside special opportunity and co-investment funds.
Some of these holdings are represented by American depositary shares (ADSs), including 186,277 ADSs for MORNINGSIDE CHINA TMT FUND II, L.P. and 2,166,374 ADSs for Morningside China TMT Top Up Fund, L.P., with each ADS representing four Class A ordinary shares. Liu Qin serves on the governing general partner bodies for these funds and disclaims beneficial ownership except for any pecuniary interest.
Agora, Inc. director Steve Zhang filed an initial ownership report showing that he directly holds 92,072 American Depositary Shares (ADS). Each ADS represents four Class A ordinary shares, so this filing simply records his starting equity stake rather than any new stock purchase or sale.