Akamai Technologies

Information Technology Internet Services & Infrastructure Cambridge, Massachusetts Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.2B
                    3y CAGR +5.2%
                    
                    P51
                    
                    +5.4%
                    
                    Net income
                    FY2025
                
$452.0M
                    Net margin +10.7%
                    
                    P27
                    
                    -10.5%
                    
                    Total assets
                    FY2025
                
$11.5B
                    ROA +3.9%
                    
                    P15
                    
                    +10.7%
                    
                    Operating cash flow
                    FY2025
                
$1.5B
                    FCF margin +24.0%
                    
                    P64
                    
                    -0.0%

22 yrs · FY2002–FY2025 2 gaps (2006–2005) 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 10 years

Total assets $11.5B

Total liabilities $6.5B

Shareholders equity $5.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	8.1%	5.0%	4.9%	6.5%	6.6%	4.5%	5.6%	19.0%	6.8%	7.4%
Short Term Investments	2.2%	10.3%	3.8%	6.8%	6.6%	9.6%	16.3%	15.7%	8.7%	11.7%
Accounts Receivable	6.9%	7.0%	7.3%	8.2%	8.3%	8.5%	7.9%	8.8%	10.0%	8.4%
Prepaid Expenses	2.7%	2.4%	2.2%	2.2%	2.0%	2.2%	2.0%	3.0%	3.0%	2.4%
Total Current Assets	19.9%	24.9%	18.2%	23.7%	23.6%	24.9%	31.8%	46.4%	28.4%	30.0%
Property,Plant and Equipment	0.0%	19.2%	18.4%	18.5%	18.9%	19.0%	16.4%	16.7%	18.7%	18.3%
Operating Lease Assets	12.8%	9.7%	9.2%	9.8%	10.0%	10.2%	10.8%	—	—	—
Goodwill	27.9%	30.4%	28.8%	33.3%	26.5%	21.6%	22.8%	27.2%	32.6%	28.1%
Intangible Assets	5.4%	7.0%	5.4%	5.3%	3.8%	3.0%	2.6%	3.1%	4.4%	3.4%
Long Term Investments	8.3%	0.2%	18.0%	10.4%	19.7%	27.4%	28.0%	3.6%	12.2%	17.7%
Deferred Tax Assets	5.4%	4.7%	4.2%	4.1%	2.1%	1.4%	1.1%	0.6%	3.3%	3.0%
Other Noncurrent Assets	1.9%	1.5%	1.3%	1.4%	1.7%	1.9%	2.5%	2.1%	2.5%	2.2%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	1.1%	1.3%	1.5%	1.8%	1.4%	1.5%	2.0%	1.8%	1.7%	1.7%
Accrued Liabilities	2.8%	3.6%	3.6%	4.4%	5.1%	4.9%	4.8%	6.0%	6.2%	5.5%
Deferred Revenue	1.3%	1.4%	1.1%	1.3%	1.1%	1.0%	1.0%	1.3%	1.7%	1.2%
Operating Lease Liabilities	2.9%	2.5%	2.3%	2.4%	2.2%	2.0%	2.0%	—	—	—
Other Current Liabilities	0.3%	0.3%	0.1%	0.1%	0.1%	0.4%	0.1%	0.5%	0.5%	0.2%
Total Current Liabilities	8.4%	20.2%	8.4%	9.9%	9.7%	9.8%	9.9%	22.2%	10.1%	8.6%
Deferred Revenue Noncurrent	0.1%	0.3%	0.2%	0.3%	0.3%	0.1%	0.1%	0.1%	0.1%	0.1%
Operating Lease Liabilities Noncurrent	10.7%	8.0%	7.8%	8.3%	8.7%	9.2%	9.9%	—	—	—
Deferred Tax Liabilities	0.3%	1.7%	1.6%	1.9%	3.5%	3.4%	3.9%	2.7%	2.6%	3.0%
Other Noncurrent Liabilities	1.3%	1.3%	1.1%	1.3%	0.8%	1.2%	1.3%	2.9%	3.1%	2.7%
Total Liabilities	56.6%	53.0%	53.6%	47.5%	44.3%	45.2%	47.8%	41.6%	28.1%	26.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	18.1%	25.3%	22.5%	31.1%	41.0%	47.2%	52.1%	67.2%	88.5%	96.9%
Retained Earnings	29.8%	28.7%	24.9%	23.1%	15.4%	7.8%	0.7%	-7.9%	-16.1%	-22.0%
Treasury Stock	3.8%	5.4%	6.6%	7.3%	6.4%	2.5%	4.8%	13.7%	7.8%	8.5%
Accumulated Other Comprehensive Income	-0.8%	-1.5%	-1.0%	-1.7%	-0.8%	-0.3%	-0.6%	-0.9%	-0.5%	-1.3%
Total Stockholders Equity	43.4%	47.0%	46.4%	52.5%	55.7%	54.8%	52.2%	58.4%	73.1%	74.8%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

19 accounts · 10 years

Revenue $4.2B

Operating income $566.9M

Net income $452.0M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	36.7%	38.5%	38.5%	43.6%	42.5%	41.2%	41.3%	49.7%	54.4%	53.5%
Expenses Cost of Revenue	15.0%	15.6%	15.3%	16.7%	15.6%	14.6%	14.1%	17.5%	19.0%	18.5%
Expenses Research and Development	4.5%	4.5%	4.1%	4.7%	4.1%	3.5%	3.7%	4.5%	4.8%	3.8%
Expenses Selling,General and Administrative	5.7%	6.0%	6.1%	7.0%	6.8%	7.1%	7.4%	10.5%	11.1%	10.1%
Expenses Depreciation and Amortization	6.2%	6.3%	5.8%	7.1%	6.8%	6.2%	6.3%	8.0%	8.1%	7.6%
Expenses Share Based Compensation	4.0%	3.8%	3.3%	2.6%	2.5%	2.5%	2.7%	3.4%	3.6%	3.3%
Expenses Restructuring and Asset Impairment	0.5%	0.9%	0.6%	0.2%	—	0.4%	0.2%	0.5%	1.2%	0.2%
Expenses Operating Expenses	31.7%	33.3%	32.1%	35.4%	32.9%	32.7%	33.5%	43.1%	47.2%	43.0%
Other Income Expense Operating Income	4.9%	5.1%	6.4%	8.1%	9.6%	8.5%	7.8%	6.6%	6.8%	10.7%
Other Income Expense Interest Expense	0.3%	0.3%	0.2%	0.1%	0.9%	0.9%	0.7%	0.8%	0.4%	0.4%
Other Income Expense Other Income/expense	-0.0%	-0.2%	-0.1%	-0.1%	0.0%	-0.0%	-0.0%	-0.1%	0.0%	0.1%
Other Income Expense Income Before Tax	5.2%	5.7%	6.6%	7.9%	8.9%	7.9%	7.6%	6.3%	6.8%	10.7%
Income Tax Income Tax Expense	1.3%	0.8%	1.1%	1.5%	0.8%	0.6%	0.8%	0.8%	2.0%	3.3%
net Income net Income	3.9%	4.9%	5.5%	6.3%	8.0%	7.2%	6.8%	5.5%	4.8%	7.3%
net Income Comprehensive Income	4.5%	4.3%	6.0%	5.4%	7.4%	7.5%	6.9%	5.0%	5.6%	7.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.3%	1.5%	1.5%	1.9%	2.0%	2.1%	2.3%	3.1%	3.7%	4.0%
Earnings Per Share Weighted Average Shares Diluted	1.3%	1.5%	1.6%	1.9%	2.0%	2.1%	2.3%	3.1%	3.8%	4.0%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 10 years

Operating cash flow $1.5B

Investing cash flow $-540.7M

Financing cash flow $-588.0M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	3.9%	4.9%	5.5%	6.3%	8.0%	7.2%	6.8%	5.5%	4.8%	7.3%
Operating Activities Depreciation and Amortization	6.2%	6.3%	5.8%	7.1%	6.8%	6.2%	6.3%	8.0%	8.1%	7.6%
Operating Activities Stock Based Compensation	4.0%	3.8%	3.3%	2.6%	2.5%	2.5%	2.7%	3.4%	3.6%	3.3%
Operating Activities Deferred Income Taxes	0.2%	-0.7%	-0.2%	-1.3%	-0.6%	-0.4%	0.0%	0.0%	-0.2%	0.2%
Operating Activities Changes In Operating Assets and Liabilities	0.8%	0.9%	0.7%	0.7%	0.2%	1.5%	0.6%	0.6%	1.8%	-1.0%
Operating Activities net Cash From Operating Activities	13.2%	14.7%	13.6%	15.4%	17.3%	15.6%	15.1%	18.5%	17.4%	19.9%
Investing Activities Capital Expenditures	4.4%	3.8%	4.6%	2.9%	4.0%	6.6%	5.1%	4.0%	5.5%	4.1%
Investing Activities Business Acquisitions	0.5%	4.2%	1.1%	10.5%	7.4%	1.6%	2.4%	0.0%	8.0%	2.2%
Investing Activities Purchases of Investments	8.4%	2.3%	14.8%	0.2%	11.5%	23.0%	28.4%	16.0%	7.1%	17.9%
Investing Activities Proceeds From Sale of Investments	9.2%	3.4%	3.8%	1.9%	12.2%	20.6%	0.0%	0.3%	4.8%	1.3%
Investing Activities Other Investing Activities	0.0%	-0.0%	0.1%	0.1%	0.1%	-0.1%	-0.0%	0.0%	0.0%	-0.0%
Investing Activities net Cash From Investing Activities	-4.7%	-7.7%	-18.7%	-7.5%	-7.9%	-13.4%	-23.8%	-9.3%	-10.0%	-10.7%
Financing Activities Proceeds From Debt	2.2%	0.0%	0.9%	1.5%	0.0%	0.0%	2.6%	2.2%	0.0%	0.0%
Financing Activities Repayment of Debt	10.0%	0.0%	0.0%	1.5%	0.0%	0.0%	9.8%	0.0%	0.0%	—
Financing Activities Repurchase of Common Stock	7.0%	5.4%	6.6%	7.3%	6.4%	2.5%	4.8%	13.7%	7.8%	8.5%
Financing Activities Proceeds From Stock Issuance	0.5%	0.6%	0.6%	0.7%	0.7%	0.8%	0.8%	1.1%	1.2%	1.4%
Financing Activities Other Financing Activities	-0.0%	-0.1%	-0.0%	-0.0%	-0.0%	0.0%	-0.0%	-0.1%	-0.0%	0.0%
Financing Activities net Cash From Financing Activities	-5.1%	-6.6%	4.5%	-7.6%	-6.9%	-2.9%	-0.5%	4.3%	-7.9%	-8.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	-0.1%	0.0%	-0.2%	-0.1%	0.1%	0.0%	-0.2%	0.3%	-0.2%
Cash Reconciliation net Change In Cash	3.6%	0.3%	-0.5%	0.1%	2.3%	-0.5%	-9.2%	13.2%	-0.2%	0.8%
Cash Reconciliation Cash At Beginning of Period	8.1%	5.0%	5.0%	6.5%	6.6%	4.6%	5.6%	19.0%	6.8%	7.4%
Cash Reconciliation Cash At End of Period	8.1%	5.0%	5.0%	6.5%	6.6%	4.6%	5.6%	19.0%	6.8%	7.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+58.9%	+59.4%	+60.4%	+61.7%	+63.3%	+64.6%	+65.9%	+64.9%	+65.0%	+65.4%
Operating margin	+13.5%	+13.4%	+16.7%	+18.7%	+22.6%	+20.6%	+19.0%	+13.4%	+12.6%	+19.9%
Net margin	+10.7%	+12.7%	+14.4%	+14.5%	+18.8%	+17.4%	+16.5%	+11.0%	+8.9%	+13.7%
FCF margin	+24.0%	+28.3%	+23.4%	+28.6%	+31.1%	+21.9%	+24.1%	+29.1%	+21.8%	+29.5%
Growth
Revenue CAGR (3y)	+5.2%	+4.9%	+6.0%	+7.7%	+8.4%	+8.5%	+7.3%	+7.3%	+8.4%	+14.0%
Returns
ROE	+9.1%	+10.4%	+11.9%	+12.0%	+14.4%	+13.1%	+13.1%	+9.3%	+6.6%	+9.8%
ROA	+3.9%	+4.9%	+5.5%	+6.3%	+8.0%	+7.2%	+6.8%	+5.5%	+4.8%	+7.3%
ROIC	—	—	—	—	—	—	—	—	—	—
Liquidity
Current ratio	2.36x	1.23x	2.16x	2.41x	2.43x	2.54x	3.22x	2.09x	2.82x	3.50x
Quick ratio	1.78x	0.60x	1.45x	1.49x	1.53x	1.34x	1.36x	1.25x	1.67x	1.85x
Leverage
D/E	1.31x	1.13x	1.15x	0.90x	0.80x	0.83x	0.92x	0.71x	0.38x	0.35x
Interest coverage	18.43x	19.67x	35.99x	60.95x	10.83x	9.53x	11.12x	8.39x	16.68x	25.03x
Efficiency
Asset turnover	0.37x	0.38x	0.39x	0.44x	0.43x	0.41x	0.41x	0.50x	0.54x	0.54x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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