AKAMAI TECHNOLOGIES INC AKAM
Akamai's mission is to power and protect life online.
Since 1998, Akamai has developed and provided solutions for global enterprises to build, secure and accelerate their applications and digital experiences. As of December 31, 2025, our massively distributed global infrastructure was comprised of core and distributed compute sites, more than 4,300 edge points-of-presence in over 130 countries and approximately 700 cities, and our underlying global network integrated with roughly 1,200 network partners. With this scale and distribution, Akamai has visibility and insight into traffic volumes, congestion, attack patterns, vulnerabilities and other activities across the internet's complex intersections of networks and systems. Leveraging these insights, Akamai offers solutions designed to protect our customers from threats and attacks, along with full-stack compute solutions to build and deliver high-performance, low-latency applications across our uniquely distributed architecture and edge network.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- U.S.
- International
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| U.S. | $2.14B | $2.08B | $1.97B |
| International | $2.07B | $1.92B | $1.84B |
As the company reported it, from the “Revenue from Contracts with Customers - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.21B | $3.99B | $3.81B | $3.62B | $3.46B | $3.20B | $2.89B | $2.71B | $2.49B | $2.35B |
| Cost of revenue | $1.73B | $1.62B | $1.51B | $1.38B | $1.27B | $1.13B | $987.6M | $953.5M | $875.8M | $809.1M |
| Gross profit | $2.48B | $2.37B | $2.30B | $2.23B | $2.19B | $2.07B | $1.91B | $1.76B | $1.61B | $1.54B |
| R&D | $513.6M | $470.9M | $406.0M | $391.4M | $335.4M | $269.3M | $261.4M | $246.2M | $222.4M | $167.6M |
| SG&A | $656.7M | $621.8M | $600.9M | $584.2M | $553.0M | $547.9M | $516.1M | $574.1M | $509.2M | $439.9M |
| Total operating expenses | $3.64B | $3.46B | $3.17B | $2.94B | $2.68B | $2.54B | $2.34B | $2.35B | $2.17B | $1.88B |
| Operating income | $566.9M | $533.4M | $637.3M | $676.3M | $783.1M | $658.5M | $548.9M | $362.5M | $314.3M | $466.5M |
| Interest expense | $30.8M | $27.1M | $17.7M | $11.1M | $72.3M | $69.1M | $49.4M | $43.2M | $18.8M | $18.6M |
| Pre-tax income | $602.4M | $587.0M | $652.5M | $658.0M | $728.2M | $616.1M | $532.5M | $343.1M | $314.2M | $466.4M |
| Income tax | $150.4M | $82.1M | $106.4M | $126.7M | $62.6M | $45.9M | $53.4M | $44.7M | $91.4M | $145.6M |
| Net income | $452.0M | $504.9M | $547.6M | $523.7M | $651.6M | $557.1M | $478.0M | $298.4M | $222.8M | $320.7M |
| EPS, basic | 3.11 | 3.34 | 3.59 | 3.29 | 4.01 | 3.43 | 2.94 | 1.78 | 1.30 | 1.83 |
| EPS, diluted | 3.07 | 3.27 | 3.52 | 3.26 | 3.93 | 3.37 | 2.90 | 1.76 | 1.29 | 1.82 |
| Shares, diluted (wtd. avg.) | 147.0M | 154.3M | 155.4M | 160.5M | 165.8M | 165.2M | 164.6M | 169.2M | 172.7M | 176.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $930.2M | $517.7M | $489.5M | $543.0M | $537.8M | $353.5M | $394.1M | $1.04B | $314.4M | $324.6M |
| Short-term investments | $248.2M | $1.07B | $372.0M | $562.3M | $540.6M | $744.3M | $1.14B | $855.5M | — | — |
| Receivables | $793.7M | $727.7M | $724.3M | $679.2M | $675.9M | $660.1M | $551.9M | $479.9M | $461.5M | $368.6M |
| Total current assets | $2.29B | $2.58B | $1.80B | $1.97B | $1.92B | $1.93B | $2.23B | $2.54B | $1.35B | $1.31B |
| Property, plant and equipment | $2.33B | $2.00B | $1.83B | $1.54B | $1.53B | $1.48B | $1.15B | $910.6M | $862.5M | $801.0M |
| Goodwill | $3.21B | $3.15B | $2.85B | $2.76B | $2.16B | $1.67B | $1.60B | $1.49B | $1.50B | $1.23B |
| Other intangibles | $614.5M | $727.6M | $536.1M | $441.7M | $313.2M | $234.7M | $179.4M | $168.3M | $201.3M | $149.5M |
| Total assets | $11.48B | $10.37B | $9.90B | $8.30B | $8.14B | $7.76B | $7.01B | $5.46B | $4.65B | $4.37B |
| Accounts payable | $125.1M | $130.4M | $146.9M | $145.4M | $109.9M | $118.5M | $138.9M | $99.1M | $80.3M | $76.1M |
| Total current liabilities | $967.5M | $2.09B | $836.0M | $818.9M | $790.3M | $758.2M | $693.3M | $1.21B | $456.7M | $374.6M |
| Total liabilities | $6.50B | $5.49B | $5.30B | $3.94B | $3.61B | $3.51B | $3.35B | $2.27B | $1.29B | $1.15B |
| Retained earnings | $3.42B | $2.97B | $2.47B | $1.92B | $1.26B | $605.0M | $48.0M | -$430.9M | -$690.7M | -$960.7M |
| Total equity | $4.98B | $4.88B | $4.60B | $4.36B | $4.53B | $4.25B | $3.66B | $3.19B | $3.36B | $3.27B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.52B | $1.52B | $1.35B | $1.27B | $1.40B | $1.22B | $1.06B | $1.01B | $801.0M | $871.8M |
| Depreciation and amortisation | $708.6M | $648.4M | $570.8M | $592.8M | $550.6M | $478.4M | $440.7M | $434.5M | $372.3M | $334.3M |
| Stock-based compensation | $459.4M | $393.4M | $328.5M | $217.2M | $202.8M | $197.4M | $187.1M | $183.8M | $164.3M | $144.5M |
| Capital expenditure | $507.8M | $390.4M | $457.9M | $241.3M | $329.0M | $514.3M | $359.7M | $217.6M | $254.1M | $180.9M |
| Investing cash flow | -$540.7M | -$798.7M | -$1.85B | -$622.3M | -$646.9M | -$1.04B | -$1.67B | -$506.5M | -$459.2M | -$469.4M |
| Financing cash flow | -$588.0M | -$679.6M | $443.4M | -$634.2M | -$562.0M | -$223.6M | -$35.7M | $233.6M | -$365.0M | -$359.8M |
| Buybacks | $800.0M | $557.5M | $654.0M | $608.0M | $522.3M | $193.6M | $334.5M | $750.0M | $361.2M | $373.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001086222-26-000022.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.35B | $2.49B | $2.71B | $2.89B | $3.20B | $3.46B | $3.62B | $3.81B | $3.99B | $4.21B |
| Gross profit | $1.54B | $1.61B | $1.76B | $1.91B | $2.07B | $2.19B | $2.23B | $2.30B | $2.37B | $2.48B |
| Net income | $320.7M | $222.8M | $298.4M | $478.0M | $557.1M | $651.6M | $523.7M | $547.6M | $504.9M | $452.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Other event Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7389
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MA | Mastercard Inc | $550.02B | 37.7x | 16.4% |
| ACN | Accenture plc | $152.67B | 20.5x | 7.4% |
| UBER | Uber Technologies, Inc | $136.24B | 14.1x | 18.3% |
| MELI | MERCADOLIBRE INC | $91.77B | 45.9x | 34.3% |
| DASH | DoorDash, Inc. | $77.93B | 84.2x | 27.9% |
| EBAY | EBAY INC | $54.03B | 28.0x | 7.9% |
| PYPL | PayPal Holdings, Inc. | $50.30B | 10.5x | 4.3% |
| MSCI | MSCI Inc. | $44.76B | 39.2x | 9.7% |