financial statements

The full income statement, balance sheet, and cash-flow statement for Akamai Technologies Inc. (AKAM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	4.21B YoY+5.4%	3.99B YoY+4.7%	3.81B YoY+5.4%	3.62B YoY+4.5%	3.46B YoY+8.2%
Cost of revenue	1.73B YoY+6.6%	1.62B YoY+7.3%	1.51B YoY+9.2%	1.38B YoY+9.1%	1.27B YoY+12.0%
Research & development	514M YoY+9.1%	471M YoY+16.0%	406M YoY+3.7%	391M YoY+16.7%	335M YoY+24.5%
Selling, general & administrative	657M YoY+5.6%	622M YoY+3.5%	601M YoY+2.8%	584M YoY+5.6%	553M YoY+0.9%
General & administrative	657M YoY+5.6%	622M YoY+3.5%	601M YoY+2.8%	584M YoY+5.6%	553M YoY+0.9%
Selling & marketing	574M YoY+3.1%	557M YoY+4.4%	533M YoY+6.1%	502M YoY+8.8%	462M YoY-9.5%
Restructuring	58.1M YoY-39.2%	95.4M YoY+68.5%	56.6M YoY+318.7%	13.5M	—
Amortization of intangibles	111M YoY+20.6%	92.1M YoY+37.9%	66.8M YoY+2.7%	65.0M YoY+35.3%	48.0M YoY+14.2%
Provision for credit losses	16.1M YoY+131.7%	6.95M YoY-48.2%	13.4M YoY+44.5%	9.29M YoY+103.1%	4.58M YoY-62.9%
Operating income	567M YoY+6.3%	533M YoY-16.3%	637M YoY-5.8%	676M YoY-13.6%	783M YoY+18.9%
Interest expense	30.8M YoY+13.4%	27.1M YoY+53.1%	17.7M YoY+59.6%	11.1M YoY-84.7%	72.3M YoY+4.6%
Interest & investment income	—	—	—	3.26M YoY-79.1%	15.6M YoY-46.4%
Other non-operating income	-4.59M YoY+76.5%	-19.6M YoY-59.1%	-12.3M YoY-17.9%	-10.4M YoY-684.5%	1.78M YoY+172.7%
Equity-method income	0.00	0.00 YoY-100.0%	1.48M YoY+119.3%	-7.63M YoY+45.5%	-14.0M YoY-6.9%
Pre-tax income	602M YoY+2.6%	587M YoY-10.0%	653M YoY-0.8%	658M YoY-9.6%	728M YoY+18.2%
Income tax	150M YoY+83.2%	82.1M YoY-22.8%	106M YoY-16.0%	127M YoY+102.5%	62.6M YoY+36.3%
Net income	452M YoY-10.5%	505M YoY-7.8%	548M YoY+4.6%	524M YoY-19.6%	652M YoY+17.0%
	$3.07 YoY-6.1%	$3.27 YoY-7.1%	$3.52 YoY+8.0%	$3.26 YoY-17.0%	$3.93 YoY+16.6%
EPS (basic)	$3.11 YoY-6.9%	$3.34 YoY-7.0%	$3.59 YoY+9.1%	$3.29 YoY-18.0%	$4.01 YoY+16.9%
Weighted-avg shares (basic)	145M YoY-4.0%	151M YoY-0.7%	153M YoY-4.1%	159M YoY-2.2%	163M YoY+0.1%
Weighted-avg shares (diluted)	147M YoY-4.7%	154M YoY-0.7%	155M YoY-3.2%	160M YoY-3.2%	166M YoY+0.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.29B YoY-11.3%	2.58B YoY+42.8%	1.80B YoY-8.4%	1.97B YoY+2.6%	1.92B YoY-0.5%
Cash & equivalents	930M YoY+79.7%	518M YoY+5.8%	489M YoY-9.7%	542M YoY+1.0%	537M YoY+52.1%
Short-term investments	256M YoY-76.2%	1.08B YoY+187.7%	375M YoY-33.4%	563M YoY+4.0%	541M YoY-27.3%
Accounts receivable	794M YoY+9.1%	728M YoY+0.5%	724M YoY+6.6%	679M YoY+0.5%	676M YoY+2.4%
Prepaid expenses	306M YoY+20.7%	254M YoY+17.5%	216M YoY+16.8%	185M YoY+11.3%	166M YoY-3.0%
Other current assets	59.2M YoY+27.5%	46.5M YoY+10.7%	42.0M YoY+179.8%	15.0M YoY-10.0%	16.7M YoY-18.6%
	11.5B YoY+10.7%	10.4B YoY+4.7%	9.90B YoY+19.2%	8.30B YoY+2.0%	8.14B YoY+4.8%
Property, plant & equipment	2.33B YoY+17.0%	2.00B YoY+9.3%	1.83B YoY+18.6%	1.54B YoY+0.4%	1.53B YoY+3.8%
Operating lease right-of-use	1.47B YoY+46.0%	1.01B YoY+10.8%	909M YoY+11.7%	813M YoY-0.3%	816M YoY+2.7%
Goodwill	3.21B YoY+1.8%	3.15B YoY+10.5%	2.85B YoY+3.1%	2.76B YoY+28.2%	2.16B YoY+28.8%
Intangible assets	615M YoY-15.5%	728M YoY+35.7%	536M YoY+21.4%	442M YoY+41.0%	313M YoY+33.4%
Long-term investments	733M YoY+166.1%	276M YoY-80.7%	1.43B YoY+346.6%	321M YoY-70.5%	1.09B YoY-22.2%
Deferred tax assets	623M YoY+28.9%	483M YoY+15.5%	418M YoY+23.9%	338M YoY+100.6%	168M YoY+57.4%
Other non-current assets	213M YoY+40.5%	151M YoY+21.7%	124M YoY+6.7%	117M YoY-18.1%	142M YoY-3.6%
	968M YoY-53.7%	2.09B YoY+150.1%	836M YoY+2.1%	819M YoY+3.6%	790M YoY+4.2%
Accounts payable	125M YoY-4.1%	130M YoY-11.2%	147M YoY+1.0%	145M YoY+32.3%	110M YoY-7.3%
Accrued liabilities	320M YoY-13.8%	371M YoY+5.3%	352M YoY-4.0%	367M YoY-10.8%	412M YoY+8.2%
Deferred revenue	151M YoY+1.3%	149M YoY+38.8%	108M YoY+2.3%	105M YoY+21.5%	86.5M YoY+12.9%
Current lease liability	337M YoY+29.9%	259M YoY+16.2%	223M YoY+13.7%	196M YoY+11.6%	176M YoY+13.5%
Other current liabilities	35.0M YoY+7.8%	32.5M YoY+404.8%	6.44M YoY+23.2%	5.23M YoY-21.1%	6.62M YoY-76.1%
	6.50B YoY+18.4%	5.49B YoY+3.5%	5.30B YoY+34.5%	3.94B YoY+9.3%	3.61B YoY+2.7%
Deferred revenue (non-current)	17.1M YoY-35.1%	26.3M YoY+14.4%	23.0M YoY+4.0%	22.1M YoY-12.7%	25.3M YoY+381.6%
Non-current lease liability	1.23B YoY+48.7%	830M YoY+7.1%	775M YoY+11.8%	693M YoY-2.0%	707M YoY-1.2%
Deferred tax liabilities	31.1M YoY+93.5%	16.1M YoY-34.7%	24.6M YoY+33.8%	18.4M YoY-55.1%	41.0M YoY+9.4%
Other non-current liabilities	148M YoY+13.4%	130M YoY+22.8%	106M YoY+0.8%	105M YoY+53.2%	68.7M YoY-23.5%
	4.98B YoY+2.0%	4.88B YoY+6.1%	4.60B YoY+5.4%	4.36B YoY-3.7%	4.53B YoY+6.6%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.50M YoY-3.8%	1.56M YoY+2.9%	1.51M YoY-3.4%	1.56M YoY-2.5%	1.60M YoY-1.4%
Additional paid-in capital	2.08B YoY-20.5%	2.62B YoY+17.8%	2.22B YoY-13.8%	2.58B YoY-22.8%	3.34B YoY-8.8%
Retained earnings	3.42B YoY+15.2%	2.97B YoY+20.5%	2.47B YoY+28.5%	1.92B YoY+52.8%	1.26B YoY+107.7%
Treasury stock	435M YoY-22.1%	558M	0.00	0.00	0.00
Accumulated other comprehensive income	-94.8M YoY+39.3%	-156M YoY-63.6%	-95.3M YoY+32.1%	-140M YoY-103.1%	-69.1M YoY-242.1%
Total liabilities & equity	11.5B YoY+10.7%	10.4B YoY+4.7%	9.90B YoY+19.2%	8.30B YoY+2.0%	8.14B YoY+4.8%
Common shares issued	150M YoY-3.8%	156M YoY+2.9%	151M YoY-3.4%	156M YoY-2.5%	161M YoY-1.4%
Common shares outstanding	145M YoY-3.5%	150M YoY-0.8%	151M YoY-3.4%	156M YoY-2.5%	161M YoY-1.4%
Shares outstanding (cover)	144M YoY-4.2%	150M YoY-0.4%	151M YoY-4.1%	157M YoY-3.2%	162M YoY-0.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.52B YoY-0.0%	1.52B YoY+12.7%	1.35B YoY+5.8%	1.27B YoY-9.2%	1.40B YoY+15.6%
Depreciation & amortization	709M YoY+9.3%	648M YoY+13.6%	571M YoY-3.7%	593M YoY+7.6%	551M YoY+15.1%
Share-based compensation	459M YoY+16.8%	393M YoY+19.8%	328M YoY+51.2%	217M YoY+7.1%	203M YoY+2.7%
Deferred income taxes	26.7M YoY+137.9%	-70.3M YoY-205.7%	-23.0M YoY+78.1%	-105M YoY-119.6%	-47.8M YoY-41.3%
Change in receivables	59.4M YoY+166.5%	22.3M YoY-54.7%	49.2M YoY+131.9%	21.2M YoY-12.0%	24.1M YoY-73.3%
	-541M YoY+32.3%	-799M YoY+56.8%	-1.85B YoY-197.0%	-622M YoY+3.8%	-647M YoY+38.0%
Capital expenditure	508M YoY+30.1%	390M YoY-14.7%	458M YoY+89.8%	241M YoY-26.7%	329M YoY-36.0%
Acquisitions	55.1M YoY-87.3%	434M YoY+308.8%	106M YoY-87.8%	872M YoY+45.6%	599M YoY+367.8%
Sales/maturities of investments	1.06B YoY+200.7%	353M YoY-6.1%	375M YoY+139.6%	157M YoY-84.2%	992M YoY-37.9%
Other investing activities	5.29M YoY+233.2%	-3.97M YoY-165.5%	6.07M YoY-0.9%	6.12M YoY+41.6%	4.32M YoY+153.2%
	-588M YoY+13.5%	-680M YoY-253.3%	443M YoY+169.9%	-634M YoY-12.8%	-562M YoY-151.3%
Common stock repurchased	800M YoY+43.5%	557M YoY-14.8%	654M YoY+7.6%	608M YoY+16.4%	522M YoY+169.8%
Other financing activities	-3.00M YoY+71.5%	-10.5M YoY-2817.8%	-360K YoY+8.4%	-393K YoY-46.6%	-268K
FX effect on cash	22.2M YoY+281.6%	-12.2M YoY-416.5%	3.87M YoY+129.9%	-12.9M YoY-13.6%	-11.4M YoY-204.0%
Net change in cash	412M YoY+1340.6%	28.6M YoY+154.4%	-52.6M YoY-1097.0%	5.27M YoY-97.1%	184M YoY+553.0%
Interest paid	23.3M YoY+14.1%	20.4M YoY+222.7%	6.33M YoY+2.8%	6.16M YoY+7.1%	5.75M YoY-3.4%
Income taxes paid	144M YoY+5.3%	136M YoY+1.4%	134M YoY-26.9%	184M YoY+82.9%	101M YoY+27.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	12.6B YoY-12.6%	14.4B YoY-19.5%	17.9B YoY+34.7%	13.3B YoY-30.3%	19.0B YoY+11.3%
P/E	27.8× YoY-2.4%	28.5× YoY-18.3%	34.8× YoY+44.5%	24.1× YoY-17.3%	29.2× YoY-4.9%
P/S	3.0× YoY-17.1%	3.6× YoY-24.9%	4.8× YoY+28.6%	3.7× YoY-32.1%	5.5× YoY+2.8%
P/B	2.5× YoY-14.4%	2.9× YoY-29.1%	4.2× YoY+32.7%	3.1× YoY-25.4%	4.2× YoY+4.4%
P/FCF	12.4× YoY-2.5%	12.7× YoY-39.9%	21.2× YoY+70.7%	12.4× YoY-29.8%	17.7× YoY-27.5%
Earnings yield	3.6% YoY+2.5%	3.5% YoY+22.5%	2.9% YoY-30.8%	4.1% YoY+21.0%	3.4% YoY+5.1%
FCF yield	8.1% YoY+2.5%	7.9% YoY+66.3%	4.7% YoY-41.4%	8.1% YoY+42.5%	5.7% YoY+38.0%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: AKAM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AKAM filings on SEC EDGAR → Not investment advice.

AKAM▼ financial statements

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financial statements