Akamai Technologies, Inc.

United States · owned by Independent (United States) · www.akamai.com · 34 vendors

Akamai Technologies, Inc. is a global content delivery network (CDN), cybersecurity, and cloud service company. It provides web and internet security services, protecting websites and applications from online threats, while also improving their performance and reliability for users worldwide.

Resilience scores

Disruption prediction

Akamai Technologies, Inc. has a 30% probability of disruption in the next 6 months.

18 of Akamai Technologies, Inc.'s 34 vendors monitored for disruptions.

Technology vendors

Services catalogue

29 services in catalogue across 7 categories; runs on 34 sub-vendors.

Insights

Last updated 2026-09-13 · revision 9

34 direct vendors, 301 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 7/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Akamai exhibits a strong technical foundation for migration readiness, evidenced by its modern internal tech stack that includes Kubernetes, Docker, Terraform, Python, Go, Java, and various databases. Its own product offerings, such as Managed Kubernetes, Akamai Functions (serverless), and Akamai Cloud Compute, demonstrate significant expertise in cloud-native architectures and containerization. This technical prowess, coupled with its financial stability (USD 2.86B revenue in 2019), suggests a strong capacity to undertake and fund complex migration initiatives. While the provided data states "Total Vendors: 0", the subsequent listing of "Vendor HQ Countries" across 8 unique countries suggests a diverse vendor base, which generally reduces vendor lock-in risk and provides flexibility for migration. However, significant challenges exist in the regulatory and data residency landscape. The numerous "Assessment Required" statuses for critical regulations like GDPR, NIS2, and SOC2, coupled with "No audit evidence found," indicate a complex compliance environment that would require substantial effort to navigate during migration. Furthermore, Akamai's global operations necessitate adherence to stringent data residency and sovereignty requirements across multiple jurisdictions (e.g., EU data localization, emerging laws in India, Russia, China), adding considerable complexity to data migration strategies. The "Unknown" vendor lock-in risk, while potentially mitigated by implied vendor diversity, still represents a potential area of concern that could impact migration flexibility.

Financials

Three-year financials

Financial Resilience Score: 7/10

Akamai demonstrates solid financial resilience underpinned by a highly diversified customer base (no single customer >10% of revenue), strong recurring revenue with ~$5.2 billion in remaining performance obligations, and consistent operating cash flow exceeding $1.5 billion annually. Liquidity is robust with $1.9 billion in cash and marketable securities and an undrawn $1.15 billion revolving credit facility. Adjusted EBITDA margin of ~43% indicates operational efficiency and the company maintains a global scale with 4,300+ edge PoPs across 130+ countries. However, the score is tempered by meaningful structural headwinds. GAAP operating margin compressed from 17% in 2023 to ~13% in 2024-2025 due to restructuring charges, rising amortization, and depreciation from compute build-out. The legacy delivery/CDN business continues to decline (-5% in 2025 after -15% in 2024) amid pricing pressure, DIY initiatives by large customers, and hyperscaler competition. Net income declined in both 2024 and 2025 despite revenue growth. The company also carries $4.14 billion of convertible senior notes and faces capital-intensive cloud infrastructure investments ($819.5M capex in 2025). Overall, Akamai's diversified revenue mix (security now 53% of revenue), strong liquidity, and cash generation provide resilience, but debt load, capital intensity, and competitive pressures from hyperscalers warrant caution.

Key strengths: Highly diversified customer base with no single customer >10% of revenue, $5.2 billion remaining performance obligations providing revenue visibility, Robust liquidity: $1.9B cash/marketable securities plus $1.15B undrawn credit, Consistent operating cash flow >$1.5 billion annually, Adjusted EBITDA margin of ~43%, Global scale: 4,300+ edge PoPs in 130+ countries, Strong security segment growth (+10% in 2025) and cloud computing (+12%)

Risk factors: Declining CDN/delivery revenue (-5% in 2025, -15% in 2024), $4.14 billion in convertible senior notes outstanding, Capital-intensive cloud computing build-out ($819.5M capex in 2025), Intense competition from hyperscalers (AWS, Azure, Google Cloud), Recurring restructuring charges ($56.6M-$95.4M annually 2023-2025), ~6% of workforce in Israel (geopolitical risk), GAAP operating margin compression from 17% to 13%, Stock price underperformance vs. NASDAQ and S&P IT indices over 5-year period, Net income declining despite revenue growth

Revenue by geography

Revenue by product/service

Workforce by country

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