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AKAM

Akamai Technologies, Inc.

AKAM

Akamai Technologies, Inc. • NASDAQ
$89.50 ▲ 0.06% (+0.06)
Market Cap $12.88 B
52w High $103.75
52w Low $67.51
Dividend Yield 0%
P/E 26.25
Volume 1.35M
Outstanding Shares 143.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.055B ▲ $459.074M ▼ $140.17M ▲ 13.291% ▲ $0.97 ▲ $387.605M ▲
Q2-2025 $1.043B ▲ $465.498M ▲ $103.618M ▼ 9.93% ▼ $0.72 ▼ $333.578M ▼
Q1-2025 $1.015B ▼ $441.611M ▼ $123.171M ▼ 12.133% ▼ $0.83 ▼ $354.155M ▲
Q4-2024 $1.02B ▲ $457.523M ▼ $139.905M ▲ 13.717% ▲ $0.93 ▲ $338.64M ▲
Q3-2024 $1.005B $525.236M $57.907M 5.764% $0.38 $244.318M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.119B ▲ $10.833B ▲ $6.101B ▲ $4.732B ▲
Q2-2025 $966.624M ▼ $10.536B ▲ $6.069B ▲ $4.468B ▼
Q1-2025 $1.321B ▼ $9.982B ▼ $5.398B ▼ $4.585B ▼
Q4-2024 $1.597B ▼ $10.369B ▲ $5.49B ▲ $4.878B ▲
Q3-2024 $1.699B $10.19B $5.396B $4.794B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $140.17M ▲ $441.832M ▼ $-368.331M ▲ $7.121M ▲ $77.631M ▲ $246.816M ▲
Q2-2025 $103.618M ▼ $459.149M ▲ $-682.866M ▼ $-41.205M ▲ $-248.852M ▼ $235.368M ▲
Q1-2025 $123.171M ▼ $251.2M ▼ $876.846M ▲ $-552.25M ▼ $581.227M ▲ $55.192M ▼
Q4-2024 $139.905M ▲ $343.788M ▼ $-244.186M ▼ $-140.84M ▲ $-53.669M ▼ $180.929M ▼
Q3-2024 $57.907M $392.542M $-116.228M $-162.369M $123.439M $207.425M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Reportable Segment
Reportable Segment
 $1.02Bn ▲$1.04Bn ▲$1.05Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing a business that is still expanding rather than stalling. However, while sales and gross profit have inched higher, operating profit and net income have not kept pace. Profitability has been under some pressure, likely reflecting heavier spending on cloud, security, and infrastructure, as well as acquisition-related costs. Earnings per share have been solid but a bit bumpy, suggesting that Akamai is in an investment phase: leaning into growth areas, but accepting some margin compression along the way.

Balance Sheet

Balance Sheet The balance sheet shows a larger asset base than a few years ago, which fits with the company’s build‑out of cloud and security capabilities. Debt has increased meaningfully over time, while shareholder equity has also grown, so the company is more leveraged than it used to be but not hollowed out. Cash on hand is modest relative to total assets but appears steady, implying the company is comfortable running with a reasonably efficient, rather than ultra‑conservative, balance sheet. Overall, it looks like a deliberate move to use debt to finance growth and acquisitions, with a still-solid capital base supporting it.

Cash Flow

Cash Flow Cash generation from the core business has been consistently strong and has trended upward, which is a key positive. Free cash flow has remained positive even in years with heavier investment, though it has moved around depending on how much the company spends on infrastructure and data centers. Capital spending is significant, reflecting the need to maintain and expand a global network and cloud platform. The pattern suggests a business that reliably throws off cash and is actively reinvesting in its future, rather than one that is squeezing cash by underinvesting.

Competitive Edge

Competitive Edge Akamai holds a distinctive position at the intersection of content delivery, cybersecurity, and cloud infrastructure. Its globally distributed network is hard to replicate and provides a structural advantage in speed, reliability, and proximity to end users. The company benefits from deep security expertise, long relationships with large enterprises, and the ability to bundle delivery, security, and compute into a single platform, which raises switching costs for customers. At the same time, it faces intense competition from hyperscale cloud providers and specialized security vendors, so maintaining differentiation and customer stickiness is critical. Its ongoing shift toward higher-value security and cloud services appears to be strengthening its competitive profile, but also raises the execution bar.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point. Akamai is evolving from a traditional content delivery provider into a broader edge and cloud security platform. Key moves include integrating the Linode acquisition into the Akamai Connected Cloud, adding advanced micro‑segmentation through Guardicore, and bolstering API security via the Noname Security acquisition. The push into edge AI and the Akamai Inference Cloud, including partnerships with major chip and data partners, aims to position the company at the forefront of low‑latency AI workloads. Akamai is also working on security specifically tailored to generative AI. The opportunity is significant, but so is the execution risk: success depends on integrating acquisitions smoothly, scaling the cloud offering against much larger rivals, and continuously updating security products in a fast‑changing threat environment.

Summary

Overall, Akamai looks like a mature infrastructure business in the midst of a strategic transformation. The top line is growing at a healthy but not explosive pace, while margins are feeling the weight of increased investment and competition. The balance sheet shows a clear tilt toward using debt to finance expansion, yet remains grounded in solid equity and recurring cash flow. Strong and improving cash generation supports ongoing spending on network, cloud, and security capabilities. Competitively, Akamai’s global edge network, integrated security offerings, and long-standing enterprise relationships give it a real moat, but it operates in highly contested markets alongside some of the largest and fastest-moving players in technology. The company’s future trajectory will largely hinge on how effectively it can scale its security and cloud businesses, capitalize on edge and AI trends, and restore or expand profitability as its transformation matures.

NEWS

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October 28, 2025 · 1:57 PM UTC

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