Akamai Technologies Inc Financials
This page shows Akamai Technologies Inc (AKAM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Akamai's cash engine is holding up better than its reported margins, making earnings look weaker than operations.
Across the last four annual periods, operating margin fell from22.6% to13.5% , so additional revenue is not reaching profit at the earlier rate. Yet operating cash flow still held near$1.5B while net income was only$452M , implying the squeeze is hitting reported earnings harder than underlying cash generation.
The liquidity picture improved sharply: the current ratio rebounded to 2.4x from 1.2x, which suggests the prior year's tighter working-capital posture did not become the new baseline. That matters because debt to equity still rose to 1.3x, so near-term funding flexibility improved even as the company leaned more on liabilities overall.
A sizable acquisition footprint sits behind the income statement: goodwill was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Akamai Technologies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Akamai Technologies Inc has an operating margin of 13.5%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from 13.4% the prior year.
Akamai Technologies Inc's revenue grew 5.4% year-over-year to $4.2B, a solid pace of expansion. This earns a growth score of 51/100.
Akamai Technologies Inc has a moderate D/E ratio of 1.31. This balance of debt and equity financing earns a leverage score of 41/100.
With a current ratio of 2.36, Akamai Technologies Inc holds $2.36 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.
Akamai Technologies Inc converts 24.0% of revenue into free cash flow ($1.0B). This strong cash generation earns a score of 92/100.
Akamai Technologies Inc's ROE of 9.1% shows moderate profitability relative to equity, earning a score of 60/100. This is down from 10.3% the prior year.
Akamai Technologies Inc scores 2.76, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($18.2B) relative to total liabilities ($6.5B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Akamai Technologies Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Akamai Technologies Inc generates $3.36 in operating cash flow ($1.5B OCF vs $452.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Akamai Technologies Inc earns $18.4 in operating income for every $1 of interest expense ($566.9M vs $30.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Akamai Technologies Inc generated $4.2B in revenue in fiscal year 2025. This represents an increase of 5.4% from the prior year.
Akamai Technologies Inc's EBITDA was $1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.9% from the prior year.
Akamai Technologies Inc reported $452.0M in net income in fiscal year 2025. This represents a decrease of 10.5% from the prior year.
Akamai Technologies Inc earned $3.07 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 6.1% from the prior year.
Cash & Balance Sheet
Akamai Technologies Inc generated $1.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 10.4% from the prior year.
Akamai Technologies Inc held $930.2M in cash against $0 in long-term debt as of fiscal year 2025.
Akamai Technologies Inc had 145M shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.
Margins & Returns
Akamai Technologies Inc's gross margin was 59.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Akamai Technologies Inc's operating margin was 13.5% in fiscal year 2025, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Akamai Technologies Inc's net profit margin was 10.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.9 percentage points from the prior year.
Akamai Technologies Inc's ROE was 9.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.3 percentage points from the prior year.
Capital Allocation
Akamai Technologies Inc invested $513.6M in research and development in fiscal year 2025. This represents an increase of 9.1% from the prior year.
Akamai Technologies Inc spent $800.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 43.5% from the prior year.
Akamai Technologies Inc invested $507.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 30.1% from the prior year.
AKAM Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B-1.9% | $1.1B+3.8% | $1.1B+1.1% | $1.0B+2.8% | $1.0B-0.5% | $1.0B+1.5% | $1.0B+2.6% | $979.6M |
| Cost of Revenue | $471.3M+4.2% | $452.5M+5.3% | $429.5M+0.7% | $426.5M+1.8% | $418.9M+1.1% | $414.4M+1.4% | $408.8M+1.5% | $402.9M |
| Gross Profit | $602.3M-6.2% | $642.4M+2.8% | $625.1M+1.3% | $617.0M+3.5% | $596.2M-1.6% | $605.6M+1.6% | $595.9M+3.3% | $576.7M |
| R&D Expenses | $141.6M+1.5% | $139.5M+11.8% | $124.7M-0.9% | $125.8M+1.9% | $123.5M+2.7% | $120.2M-0.1% | $120.3M+6.2% | $113.4M |
| SG&A Expenses | $163.8M-7.2% | $176.5M+9.1% | $161.7M-0.5% | $162.6M+4.3% | $155.9M+0.3% | $155.5M-2.8% | $160.0M+4.0% | $153.9M |
| Operating Income | $114.5M+20.7% | $94.9M-42.9% | $166.0M+9.6% | $151.5M-2.0% | $154.6M+4.4% | $148.1M+109.6% | $70.6M-52.3% | $148.0M |
| Interest Expense | $8.3M+4.6% | $7.9M-0.3% | $7.9M-3.5% | $8.2M+21.5% | $6.8M+0.2% | $6.7M0.0% | $6.7M-1.4% | $6.8M |
| Income Tax | $15.7M-16.8% | $18.8M-42.9% | $33.0M-31.7% | $48.3M-3.8% | $50.2M+175.8% | $18.2M+14.5% | $15.9M-54.8% | $35.1M |
| Net Income | $106.3M+25.0% | $85.1M-39.3% | $140.2M+35.3% | $103.6M-15.9% | $123.2M-12.0% | $139.9M+141.6% | $57.9M-56.0% | $131.7M |
| EPS (Diluted) | $0.71 | N/A | $0.97+36.6% | $0.71-13.4% | $0.82 | N/A | $0.38-55.8% | $0.86 |
AKAM Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.6B+1.4% | $11.5B+6.0% | $10.8B+2.8% | $10.5B+5.5% | $10.0B-3.7% | $10.4B+1.7% | $10.2B+1.0% | $10.1B |
| Current Assets | $2.1B-6.8% | $2.3B+5.5% | $2.2B+6.6% | $2.0B-14.4% | $2.4B-7.9% | $2.6B-2.1% | $2.6B+2.5% | $2.6B |
| Cash & Equivalents | $622.4M-33.1% | $930.2M+0.2% | $927.9M+9.1% | $850.3M-22.5% | $1.1B+111.9% | $517.7M-9.1% | $569.7M+27.2% | $448.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $881.1M+11.0% | $793.7M+3.6% | $765.9M-1.7% | $779.2M+2.6% | $759.4M+4.4% | $727.7M+4.5% | $696.5M-0.4% | $699.3M |
| Goodwill | $3.2B-0.1% | $3.2B+1.1% | $3.2B0.0% | $3.2B+0.4% | $3.2B+0.2% | $3.2B-0.1% | $3.2B+0.3% | $3.1B |
| Total Liabilities | $6.7B+3.6% | $6.5B+6.6% | $6.1B+0.5% | $6.1B+12.4% | $5.4B-1.7% | $5.5B+1.7% | $5.4B+1.2% | $5.3B |
| Current Liabilities | $1.0B+7.1% | $967.5M+1.8% | $950.3M+7.9% | $880.5M-56.3% | $2.0B-3.6% | $2.1B+5.5% | $2.0B+1.9% | $1.9B |
| Long-Term Debt | $1.7B | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $4.9B-1.4% | $5.0B+5.2% | $4.7B+5.9% | $4.5B-2.6% | $4.6B-6.0% | $4.9B+1.8% | $4.8B+0.8% | $4.8B |
| Retained Earnings | $3.5B+3.1% | $3.4B+2.5% | $3.3B+4.4% | $3.2B+3.3% | $3.1B+4.1% | $3.0B+4.9% | $2.8B+2.1% | $2.8B |
AKAM Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $312.5M-14.8% | $366.6M-17.0% | $441.8M-3.8% | $459.1M+82.8% | $251.2M-26.9% | $343.8M-12.4% | $392.5M-8.9% | $431.0M |
| Capital Expenditures | $101.7M-22.8% | $131.7M+16.8% | $112.8M-22.5% | $145.5M+23.6% | $117.8M+26.8% | $92.9M-17.7% | $112.8M+24.0% | $91.0M |
| Free Cash Flow | $210.8M-10.2% | $234.9M-28.6% | $329.1M+4.9% | $313.6M+135.0% | $133.4M-46.8% | $250.9M-10.3% | $279.7M-17.7% | $340.0M |
| Investing Cash Flow | -$319.5M+12.8% | -$366.4M+0.5% | -$368.3M+46.1% | -$682.9M-177.9% | $876.8M+459.1% | -$244.2M-110.1% | -$116.2M+59.5% | -$286.7M |
| Financing Cash Flow | -$291.7M-17039.2% | -$1.7M-123.9% | $7.1M+117.3% | -$41.2M+92.5% | -$552.3M-292.1% | -$140.8M+13.3% | -$162.4M-1.2% | -$160.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $205.9M | $0 | $0-100.0% | $300.0M-40.0% | $500.0M+261.3% | $138.4M-16.6% | $165.8M+29.8% | $127.8M |
AKAM Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.1%-2.6pp | 58.7%-0.6pp | 59.3%+0.2pp | 59.1%+0.4pp | 58.7%-0.6pp | 59.4%+0.1pp | 59.3%+0.4pp | 58.9% |
| Operating Margin | 10.7%+2.0pp | 8.7%-7.1pp | 15.7%+1.2pp | 14.5%-0.7pp | 15.2%+0.7pp | 14.5%+7.5pp | 7.0%-8.1pp | 15.1% |
| Net Margin | 9.9%+2.1pp | 7.8%-5.5pp | 13.3%+3.4pp | 9.9%-2.2pp | 12.1%-1.6pp | 13.7%+8.0pp | 5.8%-7.7pp | 13.4% |
| Return on Equity | 2.2%+0.5pp | 1.7%-1.3pp | 3.0%+0.6pp | 2.3%-0.4pp | 2.7%-0.2pp | 2.9%+1.7pp | 1.2%-1.6pp | 2.8% |
| Return on Assets | 0.9%+0.2pp | 0.7%-0.5pp | 1.3%+0.3pp | 1.0%-0.3pp | 1.2%-0.1pp | 1.4%+0.8pp | 0.6%-0.7pp | 1.3% |
| Current Ratio | 2.06-0.3 | 2.36+0.1 | 2.28-0.0 | 2.31+1.1 | 1.18-0.1 | 1.23-0.1 | 1.330.0 | 1.32 |
| Debt-to-Equity | 1.37+0.1 | 1.31+0.0 | 1.29-0.1 | 1.36+0.2 | 1.18+0.1 | 1.130.0 | 1.130.0 | 1.12 |
| FCF Margin | 19.6%-1.8pp | 21.4%-9.8pp | 31.2%+1.2pp | 30.0%+16.9pp | 13.1%-11.5pp | 24.6%-3.2pp | 27.8%-6.9pp | 34.7% |
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Frequently Asked Questions
What is Akamai Technologies Inc's annual revenue?
Akamai Technologies Inc (AKAM) reported $4.2B in total revenue for fiscal year 2025. This represents a 5.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Akamai Technologies Inc's revenue growing?
Akamai Technologies Inc (AKAM) revenue grew by 5.4% year-over-year, from $4.0B to $4.2B in fiscal year 2025.
Is Akamai Technologies Inc profitable?
Yes, Akamai Technologies Inc (AKAM) reported a net income of $452.0M in fiscal year 2025, with a net profit margin of 10.7%.
What is Akamai Technologies Inc's EBITDA?
Akamai Technologies Inc (AKAM) had EBITDA of $1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Akamai Technologies Inc's gross margin?
Akamai Technologies Inc (AKAM) had a gross margin of 59.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Akamai Technologies Inc's operating margin?
Akamai Technologies Inc (AKAM) had an operating margin of 13.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Akamai Technologies Inc's net profit margin?
Akamai Technologies Inc (AKAM) had a net profit margin of 10.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Akamai Technologies Inc's return on equity (ROE)?
Akamai Technologies Inc (AKAM) has a return on equity of 9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Akamai Technologies Inc's free cash flow?
Akamai Technologies Inc (AKAM) generated $1.0B in free cash flow during fiscal year 2025. This represents a -10.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Akamai Technologies Inc's operating cash flow?
Akamai Technologies Inc (AKAM) generated $1.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Akamai Technologies Inc's total assets?
Akamai Technologies Inc (AKAM) had $11.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Akamai Technologies Inc's capital expenditures?
Akamai Technologies Inc (AKAM) invested $507.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Akamai Technologies Inc spend on research and development?
Akamai Technologies Inc (AKAM) invested $513.6M in research and development during fiscal year 2025.
What is Akamai Technologies Inc's current ratio?
Akamai Technologies Inc (AKAM) had a current ratio of 2.36 as of fiscal year 2025, which is generally considered healthy.
What is Akamai Technologies Inc's debt-to-equity ratio?
Akamai Technologies Inc (AKAM) had a debt-to-equity ratio of 1.31 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Akamai Technologies Inc's return on assets (ROA)?
Akamai Technologies Inc (AKAM) had a return on assets of 3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Akamai Technologies Inc's Altman Z-Score?
Akamai Technologies Inc (AKAM) has an Altman Z-Score of 2.76, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Akamai Technologies Inc's Piotroski F-Score?
Akamai Technologies Inc (AKAM) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Akamai Technologies Inc's earnings high quality?
Akamai Technologies Inc (AKAM) has an earnings quality ratio of 3.36x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Akamai Technologies Inc cover its interest payments?
Akamai Technologies Inc (AKAM) has an interest coverage ratio of 18.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Akamai Technologies Inc?
Akamai Technologies Inc (AKAM) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.