Dilution profile // every instrument, one screen, from SEC filings

AKAMAI TECHNOLOGIES INC (AKAM)

CIK 1086222 · all EDGAR filings →

Overall dilution risk
LOWworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
LOWno live registration found
= is there a registration (S-1/S-3 family) on file without a later withdrawal
Overhead supply
LOWwarrants = 5% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-5% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-11-032026-08-03

Latest: 143.7M shares as of Aug 3, 2026 (10-Q).

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 7.7M underlying shares, as reported Feb 28, 2014 (10-Q).

Reported exercise price: $104.49 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 151.4M = 143.7M O/S + 7.7M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Convertible Senior Notes Due 2032$1.75B$1.73B$190.810%~9.2M sh
Convertible Senior Notes Due 2030$1.75B$1.73B$201.410%~8.7M sh
Convertible Senior Notes Due 2033$1.73B$1.71B$93.010.25%~18.5M sh
Convertible Senior Notes Due 2029$1.26B$1.26B$126.311.125%~10.0M sh
Convertible Senior Notes Due 2027$1.15B$1.15B$116.180.375%~9.9M sh
Convertible Senior Notes Due 2025$1.15Bnot tagged0.125%

If every note above converted at its tagged price: ~56.3M new shares on 143.7M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 7, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding143.7MAug 3, 2026
+ Warrants (aggregate, as tagged) (if exercised)7.7MFeb 28, 2014
+ Convertible Senior Notes Due 2032 (if fully converted)9.2MMay 31, 2026
+ Convertible Senior Notes Due 2030 (if fully converted)8.7MJun 30, 2026
+ Convertible Senior Notes Due 2033 (if fully converted)18.5MJun 30, 2026
+ Convertible Senior Notes Due 2029 (if fully converted)10.0MJun 30, 2026
+ Convertible Senior Notes Due 2027 (if fully converted)9.9MJun 30, 2026
Fully diluted estimate207.7M+44.5% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Last 12 months: 1 executed · 0 registered.

EXECUTEDMay 22, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 19, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDAug 18, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDAug 16, 2019Unregistered share sale disclosed (8-K item 3.02)8-K

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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