AKAMAI TECHNOLOGIES INC

For the period ended Mar 31, 2025. Filed May 9, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 9, 2025

AKAM$83.71+4.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets at March and December 31,

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data) (unaudited)	March 31,2025	December 31,2024
ASSETS
Current assets:
Cash and cash equivalents	$1,097,026	$517,707
Marketable securities	224,204	1,078,876
Accounts receivable, net of reserves of $4,860 and $3,522 at March 31, 2025, and December 31, 2024, respectively	759,438	727,687
Prepaid expenses and other current assets	294,303	253,827
Total current assets	2,374,971	2,578,097
Marketable securities	23,020	275,592
Property and equipment, net	2,110,054	1,995,071
Operating lease right-of-use assets	977,419	1,006,738
Acquired intangible assets, net	700,717	727,585
Goodwill	3,157,409	3,151,077
Deferred income tax assets	454,568	483,249
Other assets	184,032	151,376
Total assets	$9,982,190	$10,368,785

CONDENSED CONSOLIDATED BALANCE SHEETS, continued

(in thousands, except share data) (unaudited)	March 31,2025	December 31,2024
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$155,917	$130,447
Accrued expenses	265,371	370,888
Deferred revenue	169,529	149,222
Convertible senior notes	1,149,761	1,149,116
Operating lease liabilities	263,365	259,134
Other current liabilities	12,586	32,516
Total current liabilities	2,016,529	2,091,323
Deferred revenue	22,945	26,314
Deferred income tax liabilities	18,151	16,066
Convertible senior notes	2,397,953	2,396,695
Operating lease liabilities	807,697	829,660
Other liabilities	134,354	130,370
Total liabilities	5,397,629	5,490,428
Commitments and contingencies
Stockholders’ equity:
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	—	—
Common stock, $0.01 par value; 700,000,000 shares authorized; 157,767,206 shares issued and 146,086,802 shares outstanding at March 31, 2025, and 155,647,988 shares issued and 150,025,096 outstanding at December 31, 2024	1,578	1,556
Additional paid-in capital	2,673,892	2,618,384
Accumulated other comprehensive loss	(135,385)	(155,993)
Treasury stock, at cost, 11,680,404 shares at March 31, 2025, and 5,622,892 shares at December 31, 2024	(1,051,593)	(558,488)
Retained earnings	3,096,069	2,972,898
Total stockholders’ equity	4,584,561	4,878,357
Total liabilities and stockholders’ equity	$9,982,190	$10,368,785

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.