Akamai Technologies, Inc. is an American technology company that provides content delivery network (CDN), cybersecurity, and cloud computing services. Headquartered in Cambridge, Massachusetts, the company operates a globally distributed edge network that helps organizations deliver, optimize, and secure web content and applications. Akamai is distinctive for its massive global infrastructure, which routes a significant portion of the world's web traffic to improve internet speed and reliability.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
4,208,175
3,991,168
3,811,920
3,616,654
Cost of Sales
1,727,513
1,620,793
1,511,063
1,383,819
Gross Profit
2,480,662
2,370,375
2,300,857
2,232,835
Selling, General & Administrative Expenses
1,231,041
1,178,566
1,134,077
1,086,615
Depreciation & Amortization Expenses
111,066
92,081
66,751
64,983
Research & Development Expenses
513,560
470,876
406,048
391,434
Other Operating Expenses
58,051
95,441
56,643
13,529
Operating Profit
566,944
533,411
637,338
676,274
Interest and Investment Income
70,808
100,280
46,669
(4,377)
Interest Expense
(30,759)
(27,117)
(17,709)
(11,096)
Non-Operating Income
(4,588)
(19,561)
(12,296)
(10,433)
Total Non-Operating Income
35,461
53,602
16,664
(25,906)
Income Before Provision for Income Taxes
602,405
587,013
652,527
658,003
Provision for Income Taxes
150,374
82,095
106,373
126,696
Consolidated Net Income
452,031
504,918
547,629
523,672
Net Income Attributable to Common Shareholders
452,031
504,918
547,629
523,672
Basic EPS
3.11
3.34
3.59
3.29
Diluted EPS
3.07
3.27
3.52
3.26
Basic Weighted Average Shares Outstanding
145,402
151,392
152,510
159,089
Diluted Weighted Average Shares Outstanding
147,023
154,346
155,397
160,467
Shares Outstanding
144,711
150,025
151,233
156,495
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
930,231
517,707
489,468
542,337
Short-Term Investments
256,302
1,078,876
374,971
562,979
Total Cash and Cash Equivalents
1,186,533
1,596,583
864,439
1,105,316
Accounts Receivable
793,666
727,687
724,302
679,206
Total Trade Receivables
793,666
727,687
724,302
679,206
Other Current Assets
306,481
253,827
216,114
185,040
Total Current Assets
2,286,680
2,578,097
1,804,855
1,969,562
Net Property, Plant & Equipment
3,803,162
3,001,809
2,734,578
2,353,554
Net Intangible Assets
614,542
727,585
536,143
441,716
Goodwill
3,206,525
3,151,077
2,850,470
2,763,838
Long-Term Investments
733,228
275,592
1,431,354
320,531
Other Long-Term Assets
835,506
634,625
542,637
454,199
Total Assets
11,479,643
10,368,785
9,900,037
8,303,400
Accounts Payable
125,054
130,447
146,927
145,420
Accrued Expenses
319,622
370,888
352,181
367,017
Current Portion of Long-Term Debt
—
1,149,116
—
—
Current Portion of Leases
336,613
259,134
222,944
196,094
Unearned Revenue
151,186
149,222
107,544
105,109
Other Current Liabilities
35,043
32,516
6,442
5,228
Total Current Liabilities
967,518
2,091,323
836,038
818,868
Long-Term Debt
4,105,355
2,396,695
3,538,229
2,285,258
Leases
1,233,420
829,660
774,806
693,265
Other Long-Term Liabilities
195,979
172,750
153,809
145,822
Total Long-Term Liabilities
5,534,754
3,399,105
4,466,844
3,124,345
Total Liabilities
6,502,272
5,490,428
5,302,882
3,943,213
Common Stock
1,497
1,556
1,512
1,565
Treasury Stock
(434,786)
(558,488)
—
—
Additional Paid-in Capital
2,080,487
2,618,384
2,222,993
2,578,603
Accumulated Other Comprehensive Income
(94,756)
(155,993)
(95,330)
(140,332)
Retained Earnings
3,424,929
2,972,898
2,467,980
1,920,351
Total Common Shareholders' Equity
4,977,371
4,878,357
4,597,155
4,360,187
Total Shareholders' Equity
4,977,371
4,878,357
4,597,155
4,360,187
Total Liabilities and Shareholders' Equity
11,479,643
10,368,785
9,900,037
8,303,400
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
452,031
504,918
547,629
523,672
Depreciation & Amortization
708,611
648,410
570,776
592,754
Share-Based Compensation Expense
459,402
393,378
328,467
217,185
Other Adjustments
71,798
6,807
32,264
(53,618)
Changes in Trade Receivables
(59,437)
(22,300)
(49,203)
(21,214)
Changes in Accounts Payable
(48,577)
344
(39,825)
(26,499)
Changes in Unearned Revenue
(13,054)
20,687
48
16,713
Changes in Other Operating Activities
(52,009)
(33,073)
(41,717)
25,683
Cash from Operating Activities
1,518,765
1,519,171
1,348,439
1,274,676
Capital Expenditure
(507,786)
(390,433)
(457,909)
(241,266)
Purchases of Intangible Assets
(311,714)
(294,834)
(272,131)
(217,036)
Purchases of Investments
(964,590)
(236,176)
(1,461,890)
(17,975)
Proceeds from Sale of Investments
1,333,683
685,692
576,917
732,180
Payments for Business Acquisitions
(85,042)
(566,901)
(227,156)
(872,091)
Other Investing Activities
(5,294)
3,973
(6,069)
(6,122)
Cash from Investing Activities
(540,743)
(798,679)
(1,848,238)
(622,310)
Issuance of Short-Term Debt
250,000
—
90,000
125,000
Repayments of Short-Term Debt
(250,000)
—
(90,000)
(125,000)
Net Issuance / (Repayments) of Short-Term Debt
0
—
0
0
Issuance of Long-Term Debt
1,701,202
—
1,247,388
—
Repayments of Long-Term Debt
(1,149,992)
—
—
—
Net Issuance / (Repayments) of Long-Term Debt
551,210
—
1,247,388
—
Issuance of Common Shares
62,450
61,513
62,979
56,462
Repurchases of Common Shares
(923,733)
(730,644)
(720,268)
(690,246)
Net Issuance / (Repurchases) of Common Shares
(861,283)
(669,131)
(657,289)
(633,784)
Other Financing Activities
(277,963)
(10,504)
(146,720)
(393)
Cash from Financing Activities
(588,036)
(679,635)
443,379
(634,177)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
22,238
(12,243)
3,868
(12,918)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash