Akamai Technologies Inc (0HBQ.L) Q2 2025 Earnings Report

Akamai delivered solid top-line growth in QQ2 2025, with revenue of $1.043B, up 6.5% year over year and 2.8% quarter over quarter. Gross profit was $616.959M, yielding a gross margin of 59.1%, while EBITDA reached $335.6M and operating income stood at $151.5M, translating to an operating margin of approximately 14.5%. Net income declined to $103.6M, or $0.72 per share, reflecting a year-over-year drop of about 21% in net income and a roughly 16% decrease in EPS, driven largely by elevated operating expenses and continued stock-based compensation activity. Free cash flow was strong at $391.8M, supporting a cash balance of $850.3M, and operating cash flow was $459.1M for the quarter. The balance sheet remains robust in absolute terms, with total assets of $10.54B and total equity of $4.47B, but the company carries a substantial debt load (total debt of $5.27B) creating a high net debt position relative to EBITDA. Management commentary (when available) typically emphasizes growth in edge compute, security services, and media delivery capabilities, alongside continued investment in R&D and go-to-market initiatives. Investors should monitor leverage, mix shifts in product and service bookings, progression of edge compute initiatives, and trajectory of free cash flow against capital allocation activity including stock-based compensation and potential acquisitions or investments in noncash impairments.