AKAM · 10-K filed 20 Feb 2026 · year to 31 Dec 2025

Akamai Technologies

23 named things its latest annual report says its results depend on, each in the company's own words. 12 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

U.S. federal government

earns from · Less than 10% of our total revenuenamed as a risk

Less than 10% of our total revenue in each of the years ended December 31, 2025, 2024 and 2023 was derived from contracts or subcontracts terminable at the election of the federal government.Business (Item 1)

Also named by ACN, ADSK, AMRC, APG, CACI, CBRE, CI, CRM and 25 more

Single customer accounts receivable concentration

concentrated in · greater than 10% of total accounts receivable

As of December 31, 2025, there was one customer with an accounts receivable balance greater than 10% of total accounts receivable.Market risk (Item 7A)

Large social media customer

earns fromnamed as a risk

For example, a large social media customer has taken steps to lower costs and reduce reliance on U.S. providers by optimizing its platform, including using a DIY component, which reduced traffic on our network and negatively impacted our revenue in 2024 and may continue to do so in the future.Risk factors (Item 1A)

Suppliers

Third-party telecommunications network providers

depends onnamed as a risk

To operate and grow our globally distributed network serving our portfolio of services, we are dependent in part upon transmission capacity provided by third-party telecommunications network providers and co-location facilities to house our servers and equipment to support our operations.Risk factors (Item 1A)

NVIDIA Corporation

depends on

AIC addresses this need by leveraging Akamai’s expertise in globally distributed infrastructure and other architectures, such as those provided by NVIDIA, to place AI inferencing capacity and performance closer to where data is created and decisions need to be made.Business (Item 1)

Also named by CRWV, CSCO, HPQ, MRVL

Partners and platforms

Microsoft Azure

earns from

We market and sell our solutions globally through our field sales and services organization and through many channel partners, including adidas, AHEAD, Avant, BV Tech, Carahsoft, CPD, Deloitte, Deutsche Telecom, Doyen, Guidepoint, Kyndryl, LevelBlue, Macnica, Microsoft Azure, Netpoleon, Oplium, Optiv, Presidio, SHI, Telefonica Group, Trace3 and WWT.Business (Item 1)

Also named by AIOT, BLK, DDOG, DOCN, DOCU, EXTR, FFIV, FTNT and 14 more

Other companies

Convertible senior notes

$4,140.0 million in aggregate principal amountnamed as a risk

As of December 31, 2025, we had $4,140.0 million in aggregate principal amount of convertible senior notes outstanding that are senior unsecured obligations with fixed annual interest rates.Market risk (Item 7A)

Also named by PAR, STWD

Linode

named as a risk

While we continue to make progress on these efforts, the mitigation of a number of risks is ongoing and thus certain underlying vulnerabilities remain that, if exploited, could negatively impact Akamai's platform and our customers.Risk factors (Item 1A)

Competitors

Hyperscale cloud providers

competes withnamed as a risk

While our cloud computing services have historically competed with alternative cloud computing platforms focused on individual developers, we anticipate that going forward our cloud computing services will increasingly compete with the large so-called “hyper-scaler” cloud computing providers.Business (Item 1)

Also named by IRM

Places

Israel

operates in · approximately six percent of our global employeesnamed as a risk

For example, approximately six percent of our global employees are located in Israel, and have in the past been impacted by the Israel-Hamas war or other hostilities in and around or involving Israel.Risk factors (Item 1A)

Also named by AIOT, AMAT, AMGN, APP, ASTS, AVY, BSX, CVX and 31 more

India

subject tonamed as a risk

For example, restrictions were adopted in India in 2020 prohibiting access to identified Chinese-owned applications which caused a reduction in revenue to us.Risk factors (Item 1A)

Also named by A, AAPL, ACN, AJG, AMZN, AOS, AVGO, AVY and 54 more

Commodities and inputs

Co-location data center space and power

depends onnamed as a risk

We may be unable to purchase the bandwidth and space we need from these providers due to limitations on their resources, increasing energy costs or other reasons outside of our control, including market dynamics driven by hyperscalers, significant cost increases in servers and memory, and shortages of data center space and power.Risk factors (Item 1A)

Energy / fossil fuels

exposed to its pricenamed as a risk

Our deployed network of servers consumes significant energy resources, including those generated by the burning of fossil fuels.Risk factors (Item 1A)

Laws and programs

OECD Pillar Two global minimum tax

subject to · 15% global minimum corporate tax ratenamed as a risk

Although the enacted and effective legislation in some countries was applicable to us as of January 1, 2024, and increased our effective income tax rate, the increase did not have a material impact on our overall results of operations or cash flows.Risk factors (Item 1A)

Also named by ABNB, ACN, ADI, ADM, ADSK, ALB, AMAT, APH and 70 more

U.S. tariffs

subject tonamed as a risk

For example, tariffs imposed by the United States on other countries and any resulting counter-tariffs have in the past and will in the future likely lead to increasing costs and supply chain disruptions.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AM and 170 more

California Consumer Privacy Act

subject tonamed as a risk

Privacy laws, such as the European Union General Data Protection Regulation and the California Consumer Privacy Act, impact how we use data generated from our network to improve and develop services, as well as our ability to reach current and prospective customers, understand how our solutions are being used, use and transfer data about our employees and respond to customer requests allowed under applicable laws.Business (Item 1)

Also named by AAP, AIOT, ALL, APP, AYI, BAC, BBSI, BBW and 69 more

EU Artificial Intelligence Act

subject tonamed as a risk

The AI Act, which may be amended as part of the EU's Digital Omnibus, imposes significant obligations on providers and deployers of high-risk AI systems, and non-compliance can lead to substantial fines.Risk factors (Item 1A)

Also named by ABNB, ADP, AIOT, ALAB, AMG, APP, AVAV, BKNG and 24 more

DOJ rule on Preventing Access to U.S. Sensitive Personal Data by Countries of Concern

subject tonamed as a risk

For example, the Department of Justice’s January 8, 2025, rule on “Preventing Access to U.S. Sensitive Personal Data and Government-Related Data by Countries of Concern or Covered Persons,” prohibits data brokerage transactions involving certain sensitive personal data categories to countries of concern, including China.Risk factors (Item 1A)

Also named by ADBE, U

Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA)

subject tonamed as a risk

There is no assurance that we will not be exposed to liability, and we may face significant fines, litigation, indemnification claims, negative publicity, reputational harm, diversion of management attention, interruptions in our operations, financial loss and other similar harms by continuing to provide services to this customer.Risk factors (Item 1A)

EU digital sovereignty frameworks

subject tonamed as a risk

These developments could decrease our addressable market, increase our costs and complexity, lengthen sales cycles, limit the functionality or performance of our services in some markets and reduce economies of scale.Risk factors (Item 1A)

Section 230 of the U.S. Communications Decency Act

subject tonamed as a risk

Proposals to repeal or amend Section 230 could expose us to greater legal liability in the conduct of our business.Risk factors (Item 1A)

European Union General Data Protection Regulation (GDPR)

subject tonamed as a risk

Technology

AMD Inception vulnerability

named as a risk

For example, we have discovered vulnerabilities in software and hardware used in our technology, such as the AMD "Inception" vulnerability identified in mid-2023 that potentially impacted a large portion of the internet ecosystem, and may have other undiscovered vulnerabilities.Risk factors (Item 1A)