阿卡迈 2025年度报告

Financial Highlights Stock Performance UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-K (Mark One) ☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the fiscal year ended December 31, 2025or ☐TRANSRRITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 Commission file number: 0-27275Akamai Technologies, Inc. (Exact name of registrant as specified in its charter) 04-3432319 (I.R.S. Employer Identification No.) 145 BroadwayCambridge, Massachusetts 02142(Address of principal executive offiff ces) (Zip Code) Registrant’s telephone number, including area code: (617) 444-3000 Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock - par value $0.01 per shareAKAMNasdaq Global Select Market Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.YesþNo¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.Yes¨Noþ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subju ect to such filing requirements for the past 90 days.YesþNo¨ Indicate by check mark whether the registrant has submuitted electronically everyrr Interactive Data File required to be submuittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submuit such files).YesþNo¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smallerreporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☑Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany☐ Ifan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffeff ctiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b))by the registered public accounting firm that prepared or issued its audit report.þ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.o Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive offiff cers during the relevant recovery period pursuant to§240.10D-1(b).o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐Noþ The aggregate market value of the voting and non-voting common equity held by non-affiff liates of the registrant wasapproximately $11,183.9 million based on the last reported sale price of the Common Stock on the Nasdaq Global Select Marketon June 30, 2025. For the purposres of this disclosure only, the registrant has assumed that its directors and executive offiff cers (asdefined in Rule 3b-7 under the Exchange Act) are the affiff liates of the registrant. The number of shares outstanding of the registrant’s Common Stock, par value $0.01 per share, as of February 16, 2026:144,888,114 shares. DOCUMENTS INCORPORATRRED BY REFERENCE Portions of the registrant’s definitive proxy statement to be filed with the Securities and Exchange Commission relative to theregistrant’s 2026 Annual Meeting of Stockholders are incorporated by reference into Items 10, 11, 12, 13 and 14 of Part III of thisannual report on Form 10-K. AKAMAI TECHNOLOGIES, INC.ANNUAL REPORT ON FORM 10-KFOR THE FISCAL YEAR ENDED DECEMBER 31, 2025TABLE OF CONTENTS PART I Item1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staffff CommentsItem 1C.CybersecurityyyItem 2.PropertiespItem 3.Legal ProceedingsggItem 4.Mine Safety Disclosuresy 4122626282828 PART II Item5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equitygqy,qySecurities28Item 6.[Reserved][]29Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operationsgyp29Item 7A.Quantitativ