Arista Networks

Information Technology Communications Equipment Santa Clara, California Last filing Feb 17, 2026 · FY2025

                    Revenue
                    FY2025
                
$9.0B
                    3y CAGR +27.1%
                    
                    P95
                    
                    n/a
                    
                    Net income
                    FY2025
                
$3.5B
                    Net margin +39.0%
                    
                    P95
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$19.4B
                    ROA +18.1%
                    
                    P85
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$4.4B
                    
                    n/a

15 yrs · FY2011–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

27 accounts · 1 year

Total assets $19.4B

Total liabilities $7.1B

Shareholders equity $12.4B

Account	2025	Trend
Assets
Cash and Cash Equivalents	21.8%
Short Term Investments	97.5%
Accounts Receivable	21.0%
Inventory	25.0%
Prepaid Expenses	16.8%
Total Current Assets	182.0%
Property,Plant and Equipment	2.3%
Goodwill	4.6%
Intangible Assets	3.2%
Deferred Tax Assets	19.7%
Other Noncurrent Assets	7.4%
Total Assets	216.0%
Liabilities
Accounts Payable	7.2%
Accrued Liabilities	5.3%
Deferred Revenue	44.4%
Other Current Liabilities	2.7%
Total Current Liabilities	59.7%
Deferred Revenue Noncurrent	15.2%
Other Noncurrent Liabilities	3.7%
Total Liabilities	78.6%
Equity
Preferred Stock	0.0%
Common Stock	0.0%
Additional Paid In Capital	32.3%
Retained Earnings	104.9%
Accumulated Other Comprehensive Income	0.1%
Total Stockholders Equity	137.4%
Total Liabilitiesand Equity	216.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 1 year

Revenue $9.0B

Operating income $3.9B

Net income $3.5B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	100.0%
Expenses Cost of Revenue	35.9%
Expenses Research and Development	13.7%
Expenses Selling,General and Administrative	1.6%
Expenses Depreciation and Amortization	0.8%
Expenses Share Based Compensation	4.9%
Expenses Operating Expenses	21.2%
Other Income Expense Gross Profit	64.1%
Other Income Expense Operating Income	42.8%
Other Income Expense Income Before Tax	47.2%
Income Tax Income Tax Expense	8.2%
net Income net Income	39.0%
net Income Comprehensive Income	39.3%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	14.0%
Earnings Per Share Weighted Average Shares Diluted	14.2%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 1 year

Operating cash flow $4.4B

Investing cash flow $-3.6B

Financing cash flow $-1.6B

Account	2025	Trend
CashFlow
Operating Activities net Income	39.0%
Operating Activities Depreciation and Amortization	0.8%
Operating Activities Stock Based Compensation	4.9%
Operating Activities Deferred Income Taxes	-3.5%
Operating Activities Changes In Operating Assets and Liabilities	43.0%
Operating Activities Other Non Cash Items	-0.3%
Operating Activities net Cash From Operating Activities	48.5%
Investing Activities Business Acquisitions	3.3%
Investing Activities Purchases of Investments	74.9%
Investing Activities Proceeds From Sale of Investments	38.1%
Investing Activities Other Investing Activities	-0.2%
Investing Activities net Cash From Investing Activities	-39.7%
Financing Activities Repurchase of Common Stock	17.8%
Financing Activities Proceeds From Stock Issuance	0.6%
Financing Activities Tax Withholding On Stock Based Compensation	0.6%
Financing Activities net Cash From Financing Activities	-17.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%
Cash Reconciliation net Change In Cash	-8.9%
Cash Reconciliation Cash At Beginning of Period	21.8%
Cash Reconciliation Cash At End of Period	21.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+64.1%
Operating margin	+42.8%
Net margin	+39.0%
FCF margin	—
Growth
Revenue CAGR (3y)	+27.1%
Returns
ROE	+28.4%
ROA	+18.1%
ROIC	—
Liquidity
Current ratio	3.05x
Quick ratio	0.72x
Leverage
D/E	0.57x
Interest coverage	—
Efficiency
Asset turnover	0.46x
Cash conversion cycle	+256d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Arista Networks

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