AKAMAI TECHNOLOGIES INC

Listed Company

AKAMCIK 0001086222NasdaqLarge AcceleratedServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$452.03M

Total Assets

$11.48B

Equity

$4.98B

Shares Out

144.89M

Op. Cash Flow

$1.52B

Business

AKAMAI TECHNOLOGIES INC provides cloud-delivered services that power and protect online applications and digital experiences via a globally distributed network. It offers security, delivery and compute products such as web and API protection, DDoS mitigation, media delivery, edge compute and serverless functions. Operations are organized around Security, Compute and Delivery, supplemented by professional services and managed security. Akamai sells to enterprise and public-sector customers worldwide through direct sales, channel partners, system integrators and marketplaces across the Americas, EMEA and Asia‑Pacific.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	4,208	3,991	3,812	3,617	3,461
Cost of revenue (exclusive of amortization of acquired intangible assets shown below)	1,728	1,621	1,511	1,384	1,269
Research and development	514	471	406	391	335
Sales and marketing	574	557	533	502	462
General and administrative	657	622	601	584	553
Amortization of acquired intangible assets	111	92	67	65	48
Restructuring charge	58	95	57	14	11
Total costs and operating expenses	3,641	3,458	3,175	2,940	2,678
Income from operations	567	533	637	676	783
Interest and marketable securities income, net	71	100	45	3	16
Interest expense	−31	−27	−18	−11	—
Other expense, net	−5	−20	−12	−10	2
Income before provision for income taxes	602	587	653	658	728
Provision for income taxes	−150	−82	−106	−127	−63
Gain from equity method investment	0	0	1	−8	−14
Net income	452	505	548	524	652
Basic (in dollars per share)	3.11	3.34	3.59	3.29	4.01
Diluted (in dollars per share)	3.07	3.27	3.52	3.26	3.93
Basic (in shares)	145	151	153	159	163
Diluted (in shares)	147	154	155	160	166

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-09-30
Cash and cash equivalents	930	518	489	542	—
Marketable securities	256	1,079	375	563	—
Accounts receivable, net of reserves of $7,706 and $3,522 at December 31, 2025 and 2024, respectively	794	728	724	679	—
Prepaid expenses and other current assets	306	254	216	185	—
Total current assets	2,287	2,578	1,805	1,970	—
Marketable securities	733	276	1,431	321	—
Property and equipment, net	2,333	1,995	1,826	1,540	—
Operating lease right-of-use assets	1,470	1,007	909	813	—
Acquired intangible assets, net	615	728	536	442	—
Goodwill	3,207	3,151	2,850	2,764	—
Deferred income tax assets	623	483	418	338	315
Other assets	213	151	124	117	—
Total assets	11,480	10,369	9,900	8,303	8,136
Accounts payable	125	130	147	145	—
Accrued expenses	320	371	352	367	—
Deferred revenue	151	149	108	105	—
Convertible senior notes	0	1,149	0	—	—
Operating lease liabilities	337	259	223	196	—
Other current liabilities	35	33	6	5	—
Total current liabilities	968	2,091	836	819	—
Deferred revenue	17	26	23	22	—
Deferred income tax liabilities	31	16	25	18	19
Convertible senior notes	4,105	2,397	3,538	2,285	—
Operating lease liabilities	1,233	830	775	693	—
Other liabilities	148	130	106	105	—
Total liabilities	6,502	5,490	5,303	3,943	3,855
Commitments and contingencies (Note 13)	—	—	—	—	—
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding	0	0	0	0	—
Common stock, $0.01 par value; 700,000,000 shares authorized; 149,711,094 shares issued and 144,711,094 shares outstanding at December 31, 2025, and 155,647,988 shares issued and 150,025,096 outstanding at December 31, 2024	1	2	2	2	—
Additional paid-in capital	2,080	2,618	2,223	2,579	—
Accumulated other comprehensive loss	−95	−156	−95	−140	—
Treasury stock, at cost; 5,000,000 shares at December 31, 2025, and 5,622,892 shares at December 31, 2024	−435	−558	0	—	—
Retained earnings	3,425	2,973	2,468	1,920	1,792
Total stockholders equity	4,977	4,878	4,597	4,360	4,281
Total liabilities and stockholders equity	11,480	10,369	9,900	8,303	8,136
Common stock, shares issued (in shares)	150	156	151	156	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	709	648	571	593	551
Stock-based compensation	459	393	328	217	203
Provision (benefit) for deferred income taxes	27	−70	−23	−105	−48
Amortization of debt issuance costs	7	7	5	4	—
(Gain) loss on investments	−9	5	−311,000	16	10
Other non-cash reconciling items, net	47	65	50	31	11
Accounts receivable	−59	−22	−49	−21	−24
Prepaid expenses and other current assets	−44	−46	−19	−20	4
Accounts payable and accrued expenses	−49	344,000	−40	−26	32
Deferred revenue	−13	21	48,000	17	−3
Other current liabilities	965,000	27	2	−5	−20
Other non-current assets and liabilities	−9	−14	−25	51	−29
Net cash provided by operating activities	1,519	1,519	1,348	1,275	1,405
Cash paid for business acquisitions, net of cash acquired	−55	−434	−106	−872	−599
Cash paid for asset acquisitions	−30	−133	−121	0	0
Purchases of property and equipment	−508	−390	−458	−241	−329
Capitalization of internal-use software development costs	−312	−295	−272	−217	−216
Purchases of short- and long-term marketable securities	−965	−236	−1,462	−18	−933
Proceeds from sales of short- and long-term marketable securities	273	333	202	576	442
Proceeds from maturities and redemptions of short- and long-term marketable securities	1,060	353	375	157	992
Other, net	−5	4	−6	−6	−4
Net cash used in investing activities	−541	−799	−1,848	−622	−647
Proceeds from borrowings under revolving credit facility	250	0	90	125	0
Repayment of borrowings under revolving credit facility	−250	0	−90	−125	0
Proceeds from the issuance of convertible senior notes, net of issuance costs	1,701	0	1,247	0	0
Proceeds from the issuance of warrants related to convertible senior notes	331	0	90	0	0
Purchases of note hedges related to convertible senior notes	−606	0	−237	0	0
Repayment of convertible senior notes	−1,150	0	0	—	0
Proceeds related to the issuance of common stock under stock plans	62	62	63	56	60
Employee taxes paid related to net share settlement of stock awards	−124	−173	−66	−82	−99
Repurchases of common stock	−800	−557	−654	−608	−522
Other, net	−3	−11	−360,000	−393,000	−268,000
Net cash (used in) provided by financing activities	−588	−680	443	−634	−562
Effects of exchange rate changes on cash, cash equivalents and restricted cash	22	−12	4	−13	−11
Net increase (decrease) in cash, cash equivalents and restricted cash	412	29	−53	5	184
Cash paid for interest expense	23	20	6	6	6
Cash paid for operating lease liabilities	330	288	258	225	224
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	743	357	334	202	219
Purchases of property and equipment and capitalization of internal-use software development costs included in accounts payable and accrued expenses	55	56	65	80	63
Capitalization of stock-based compensation	126	107	84	33	37

Filings

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