Business Highlights - Agora's Conversational AI Engine has been upgraded with new features like Advanced Attention Locking, Real-time Vision Understanding, and Interactive Avatars[5,6] - The company launched the Convo AI Benchmark Arena to measure Overall Latency and Component Latency[18] - Agora's real-time voice recognition ranks first in voice recognition (ASR) and large language model (LLM) benchmarks, with a last word latency of 534 ms and 404 ms respectively[19] Customer Base and Revenue - The number of active customers increased from 3,731 in September 2024 to 3,877 in June 2025[23] - Total revenues for Q2 2025 were $343 million, representing an 110% year-over-year growth[27] - Agora revenues in Q2 2025 reached $182 million[31] - Shengwang revenues in Q2 2025 were $161 million, based on an exchange rate of 719 RMB per USD[33] Financial Performance - The dollar-based net retention rate for Agora was 97% in June 2025, while for Shengwang it was 87%[36] - Gross profit for Q2 2025 was $229 million, resulting in a gross margin of 668%[40] - Operating expenses for Q2 2025 were $265 million, representing 774% of total revenues[43] - Net income for Q2 2025 was $15 million, with a net income margin of 43%[47] Balance Sheet and Share Repurchase - The company's total cash, cash equivalents, bank deposits, and financial products issued by banks amounted to $377 million as of June 30, 2025[50] - A total of $1272 million worth of shares have been repurchased[54] - Cash per ADS was $415 in June 2025[56]