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 revenue.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $11.5B

Total liabilities $6.5B

Shareholders equity $5.0B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	22.1%	13.0%	12.8%	15.0%	15.5%
Short Term Investments	5.9%	26.8%	9.8%	15.5%	15.6%
Accounts Receivable	18.9%	18.2%	19.0%	18.8%	19.5%
Prepaid Expenses	7.3%	6.4%	5.7%	5.1%	4.8%
Total Current Assets	54.3%	64.6%	47.3%	54.5%	55.5%
Property,Plant and Equipment	0.0%	50.0%	47.9%	42.6%	44.3%
Operating Lease Assets	34.9%	25.2%	23.8%	22.5%	23.6%
Goodwill	76.2%	79.0%	74.8%	76.4%	62.3%
Intangible Assets	14.6%	18.2%	14.1%	12.2%	9.0%
Long Term Investments	22.7%	0.5%	46.7%	23.9%	46.4%
Deferred Tax Assets	14.8%	12.1%	11.0%	9.3%	4.9%
Other Noncurrent Assets	5.1%	3.8%	3.3%	3.2%	4.1%
Total Assets	272.8%	259.8%	259.7%	229.6%	235.1%
Liabilities
Accounts Payable	3.0%	3.3%	3.9%	4.0%	3.2%
Accrued Liabilities	7.6%	9.3%	9.2%	10.1%	11.9%
Deferred Revenue	3.6%	3.7%	2.8%	2.9%	2.5%
Operating Lease Liabilities	8.0%	6.5%	5.8%	5.4%	5.1%
Other Current Liabilities	0.8%	0.8%	0.2%	0.1%	0.2%
Total Current Liabilities	23.0%	52.4%	21.9%	22.6%	22.8%
Deferred Revenue Noncurrent	0.4%	0.7%	0.6%	0.6%	0.7%
Operating Lease Liabilities Noncurrent	29.3%	20.8%	20.3%	19.2%	20.4%
Deferred Tax Liabilities	0.7%	4.3%	4.2%	4.3%	8.2%
Other Noncurrent Liabilities	3.5%	3.3%	2.8%	2.9%	2.0%
Total Liabilities	154.5%	137.6%	139.1%	109.0%	104.3%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	49.4%	65.6%	58.3%	71.3%	96.5%
Retained Earnings	81.4%	74.5%	64.7%	53.1%	36.3%
Treasury Stock	10.3%	14.0%	17.3%	16.8%	15.1%
Accumulated Other Comprehensive Income	-2.3%	-3.9%	-2.5%	-3.9%	-2.0%
Total Stockholders Equity	118.3%	122.2%	120.6%	120.6%	130.9%
Total Liabilitiesand Equity	272.8%	259.8%	259.7%	229.6%	235.1%

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $4.2B

Operating income $566.9M

Net income $452.0M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	41.1%	40.6%	39.6%	38.3%	36.7%
Expenses Research and Development	12.2%	11.8%	10.7%	10.8%	9.7%
Expenses Selling,General and Administrative	15.6%	15.6%	15.8%	16.2%	16.0%
Expenses Depreciation and Amortization	16.8%	16.2%	15.0%	16.4%	15.9%
Expenses Share Based Compensation	10.9%	9.9%	8.6%	6.0%	5.9%
Expenses Restructuring and Asset Impairment	1.4%	2.4%	1.5%	0.4%	—
Expenses Operating Expenses	86.5%	86.6%	83.3%	81.3%	77.4%
Other Income Expense Operating Income	13.5%	13.4%	16.7%	18.7%	22.6%
Other Income Expense Interest Expense	0.7%	0.7%	0.5%	0.3%	2.1%
Other Income Expense Other Income/expense	-0.1%	-0.5%	-0.3%	-0.3%	0.1%
Other Income Expense Income Before Tax	14.3%	14.7%	17.1%	18.2%	21.0%
Income Tax Income Tax Expense	3.6%	2.1%	2.8%	3.5%	1.8%
net Income net Income	10.7%	12.7%	14.4%	14.5%	18.8%
net Income Comprehensive Income	12.2%	11.1%	15.5%	12.5%	17.4%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Basic	3.5%	3.8%	4.0%	4.4%	4.7%
Earnings Per Share Weighted Average Shares Diluted	3.5%	3.9%	4.1%	4.4%	4.8%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $1.5B

Investing cash flow $-540.7M

Financing cash flow $-588.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	10.7%	12.7%	14.4%	14.5%	18.8%
Operating Activities Depreciation and Amortization	16.8%	16.2%	15.0%	16.4%	15.9%
Operating Activities Stock Based Compensation	10.9%	9.9%	8.6%	6.0%	5.9%
Operating Activities Deferred Income Taxes	0.6%	-1.8%	-0.6%	-2.9%	-1.4%
Operating Activities Changes In Operating Assets and Liabilities	2.1%	2.2%	1.8%	1.6%	0.5%
Operating Activities net Cash From Operating Activities	36.1%	38.1%	35.4%	35.2%	40.6%
Investing Activities Capital Expenditures	12.1%	9.8%	12.0%	6.7%	9.5%
Investing Activities Business Acquisitions	1.3%	10.9%	2.8%	24.1%	17.3%
Investing Activities Purchases of Investments	22.9%	5.9%	38.4%	0.5%	26.9%
Investing Activities Proceeds From Sale of Investments	25.2%	8.8%	9.8%	4.3%	28.7%
Investing Activities Other Investing Activities	0.1%	-0.1%	0.2%	0.2%	0.1%
Investing Activities net Cash From Investing Activities	-12.8%	-20.0%	-48.5%	-17.2%	-18.7%
Financing Activities Proceeds From Debt	5.9%	0.0%	2.4%	3.5%	0.0%
Financing Activities Repayment of Debt	27.3%	0.0%	0.0%	3.5%	0.0%
Financing Activities Repurchase of Common Stock	19.0%	14.0%	17.2%	16.8%	15.1%
Financing Activities Proceeds From Stock Issuance	1.5%	1.5%	1.7%	1.6%	1.7%
Financing Activities Other Financing Activities	-0.1%	-0.3%	-0.0%	-0.0%	-0.0%
Financing Activities net Cash From Financing Activities	-14.0%	-17.0%	11.6%	-17.5%	-16.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.5%	-0.3%	0.1%	-0.4%	-0.3%
Cash Reconciliation net Change In Cash	9.8%	0.7%	-1.4%	0.1%	5.3%
Cash Reconciliation Cash At Beginning of Period	22.1%	13.0%	12.9%	15.0%	15.5%
Cash Reconciliation Cash At End of Period	22.1%	13.0%	12.9%	15.0%	15.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+58.9%	+59.4%	+60.4%	+61.7%	+63.3%
Operating margin	+13.5%	+13.4%	+16.7%	+18.7%	+22.6%
Net margin	+10.7%	+12.7%	+14.4%	+14.5%	+18.8%
FCF margin	+24.0%	+28.3%	+23.4%	+28.6%	+31.1%
Growth
Revenue CAGR (3y)	+5.2%	+4.9%	+6.0%	+7.7%	+8.4%
Returns
ROE	+9.1%	+10.4%	+11.9%	+12.0%	+14.4%
ROA	+3.9%	+4.9%	+5.5%	+6.3%	+8.0%
ROIC	—	—	—	—	—
Liquidity
Current ratio	2.36x	1.23x	2.16x	2.41x	2.43x
Quick ratio	1.78x	0.60x	1.45x	1.49x	1.53x
Leverage
D/E	1.31x	1.13x	1.15x	0.90x	0.80x
Interest coverage	18.43x	19.67x	35.99x	60.95x	10.83x
Efficiency
Asset turnover	0.37x	0.38x	0.39x	0.44x	0.43x
Cash conversion cycle	—	—	—	—	—

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Akamai Technologies

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