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Basic and Diluted Net Loss per Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss per Share
22.
Basic and Diluted Net Loss per Share

 

Basic and diluted net loss per share have been calculated in accordance with ASC 260, Earnings Per Share. Basic net loss per share is computed using the weighted average number of ordinary shares outstanding during the period. Diluted net loss per share is computed using the weighted average number of ordinary shares and dilutive potential ordinary shares outstanding during the period. The computation of earnings per share for the years ended December 31, 2022, 2023 and 2024 is as follows:

 

 

Year Ended December 31,

 

 

2022

 

 

2023

 

 

2024

 

 

(in US$ thousands)

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss attributable to Agora, Inc.’s ordinary shareholders - basic and diluted

 

$

(120,380

)

 

$

(87,219

)

 

$

(42,727

)

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted loss per share

 

 

 

 

 

 

 

 

 

Weighted-average ordinary shares outstanding(1)

 

 

446,426,914

 

 

 

398,384,385

 

 

 

373,122,317

 

Basic and diluted loss per share

 

$

(0.27

)

 

$

(0.22

)

 

$

(0.11

)

 

(1)
Options exercisable for a minimal exercise price are included in the denominator of basic loss per share calculation once there are no further vesting conditions or contingencies associated with them, as they are considered contingently issuable shares. Accordingly, a weighted average of 4,584,794 shares and 6,209,645 shares related to these options, for which the exercise price is close to zero dollars per share, are included in the denominator for the computation of basic loss per share for the years ended December 31, 2023 and 2024, respectively.

The following ordinary shares equivalent were excluded from the computation of diluted net loss per ordinary share for the periods presented as their effects would have been anti-dilutive:

 

 

Year Ended December 31,

 

 

2022

 

 

2023

 

 

2024

 

Share options - weighted average

 

 

27,465,692

 

 

 

25,288,633

 

 

 

12,720,197

 

Restricted share - weighted average

 

 

369,050

 

 

 

 

 

 

 

Restricted share units - weighted average

 

 

942,501

 

 

 

1,356,455

 

 

 

5,317,082

 

VPP shares - weighted average

 

 

343,984

 

 

 

426,296