ANET

Arista Networks

Information Technology

Communications Equipment

Santa Clara, California

Last filing: Feb 17, 2026 (FY2025)

Balance Sheet 8 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
BS_Assets_Cash	$0	$2.8B	$1.9B	$671.7M	$620.8M
BS_Assets_AcctsReceivable	$0	$1.1B	$1.0B	$923.1M	$516.5M
BS_Assets_Inventory	$0	$1.8B	$1.9B	$1.3B	$650.1M
BS_Assets_PrepaidExpenses	$0	$632.3M	$412.5M	$314.2M	$237.7M
BS_Assets_PPE	$0	$98.8M	$101.6M	$95.0M	$78.6M
BS_Assets_Goodwill	$0	$0	$268.5M	$265.9M	$188.4M
BS_Assets_IntangibleAssets	$0	$62.0M	$88.8M	$122.2M	$93.6M
BS_Liab_AccruedLiab	$0	$435.3M	$407.3M	$292.5M	$226.6M

Income Statement 17 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
IS_Revenue_Total	$9.0B	$7.0B	$5.9B	$4.4B	$2.9B
IS_Expense_COGS	$3.2B	$2.5B	$2.2B	$1.7B	$1.1B
IS_Expense_RnD	$1.2B	$996.7M	$854.9M	$728.4M	$586.8M
IS_Expense_SGA	$141.9M	$122.7M	$119.1M	$93.2M	$83.1M
IS_Expense_DA	$72.6M	$62.0M	$70.6M	$62.7M	$50.3M
IS_Expense_SBC	$439.2M	$355.4M	$296.8M	$230.9M	$186.9M
IS_Expense_TotalOpex	$1.9B	$1.5B	$1.4B	$1.1B	$956.0M
IS_GrossProfit	$5.8B	$4.5B	$3.6B	$2.7B	$1.9B
IS_OperatingIncome	$3.9B	$2.9B	$2.3B	$1.5B	$924.7M
IS_PreTaxIncome	$4.2B	$3.3B	$2.4B	$1.6B	$930.9M
IS_TaxExpense	$738.3M	$413.0M	$334.7M	$229.3M	$90.0M
IS_NetIncome	$3.5B	$2.9B	$2.1B	$1.4B	$840.9M
IS_ComprehensiveIncome	$3.5B	$2.8B	$2.1B	$1.3B	$832.3M
IS_EPS_Basic	$3	$2	$2	$1	$3
IS_EPS_Diluted	$3	$2	$2	$1	$3
IS_Shares_Basic	$1.3B	$1.3B	$1.2B	$1.2B	$306.5M
IS_Shares_Diluted	$1.3B	$1.3B	$1.3B	$1.3B	$319.2M

Cash Flow Statement 18 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
CF_Ops_NetIncome	$3.5B	$2.9B	$2.1B	$1.4B	$840.9M
CF_Ops_DA	$72.6M	$62.0M	$70.6M	$62.7M	$50.3M
CF_Ops_SBC	$439.2M	$355.4M	$296.8M	$230.9M	$186.9M
CF_Ops_DeferredTax	$-312.0M	$-492.9M	$-370.8M	$-244.4M	$-99.3M
CF_Ops_WorkingCapital	$3.9B	$1.2B	$1.4B	$1.3B	$852.1M
CF_Ops_Other	$-27.1M	$-53.6M	$-34.0M	$-8.8M	$78.2M
CF_Ops_NetCash	$4.4B	$3.7B	$2.0B	$492.8M	$1.0B
CF_Inv_Acquisitions	$300.0M	$0	$-1.8M	$145.1M	$-1.3M
CF_Inv_PurchaseInvestments	$6.7B	$4.5B	$2.6B	$1.4B	$2.3B
CF_Inv_ProceedsInvestments	$3.4B	$2.1B	$1.9B	$1.6B	$1.5B
CF_Inv_Other	$-14.9M	$6.6M	$3.2M	$12.7M	—
CF_Inv_NetCash	$-3.6B	$-2.5B	$-687.5M	$216.3M	$-925.6M
CF_Fin_ShareRepurchases	$1.6B	$423.6M	$112.3M	$670.3M	$411.6M
CF_Fin_StockIssuance	$57.7M	$60.2M	$62.1M	$48.4M	$67.2M
CF_Fin_TaxWithholding	$50.5M	$58.4M	$33.6M	$32.7M	$16.5M
CF_Fin_NetCash	$-1.6B	$-421.8M	$-83.8M	$-654.6M	$-360.9M
CF_FX_Effect	$1.7M	$-4.8M	$800.0K	$-3.6M	$-1.8M
CF_Net_Change	$-798.5M	$824.3M	$1.3B	$50.9M	$-272.4M

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