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
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.
Others in SIC 7389
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| UBER | Uber Technologies, Inc | $154.74B | 16.0x | 18.3% |
| ACN | Accenture plc | $114.31B | 15.4x | 7.4% |
| MELI | MERCADOLIBRE INC | $100.30B | 50.2x | 34.3% |
| DASH | DoorDash, Inc. | $91.98B | 99.4x | 27.9% |
| PYPL | PayPal Holdings, Inc. | $48.48B | 10.2x | 4.3% |
| EBAY | EBAY INC | $46.02B | 23.8x | 7.9% |