Arista Networks

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

                    Revenue
                    FY2025
                
$9.0B
                    3y CAGR +27.1%
                    
                    P95
                    
                    +28.6%
                    
                    Net income
                    FY2025
                
$3.5B
                    Net margin +39.0%
                    
                    P95
                    
                    +23.1%
                    
                    Total assets
                    FY2025
                
$19.4B
                    ROA +18.1%
                    
                    P85
                    
                    +38.5%
                    
                    Operating cash flow
                    FY2025
                
$4.4B
                    
                    +17.9%

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 · 3 years

Total assets $19.4B

Total liabilities $7.1B

Shareholders equity $12.4B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	21.8%	39.4%	33.1%
Short Term Investments	97.5%	79.1%	52.4%
Accounts Receivable	21.0%	16.3%	17.5%
Inventory	25.0%	26.2%	33.2%
Prepaid Expenses	16.8%	9.0%	7.0%
Total Current Assets	182.0%	170.1%	143.2%
Property,Plant and Equipment	2.3%	1.4%	1.7%
Goodwill	4.6%	0.0%	4.6%
Intangible Assets	3.2%	0.9%	1.5%
Deferred Tax Assets	19.7%	20.6%	16.1%
Other Noncurrent Assets	7.4%	3.8%	2.6%
Total Assets	216.0%	200.5%	169.7%
Liabilities
Accounts Payable	7.2%	5.4%	7.4%
Accrued Liabilities	5.3%	6.2%	7.0%
Deferred Revenue	44.4%	24.7%	15.6%
Other Current Liabilities	2.7%	2.7%	2.6%
Total Current Liabilities	59.7%	39.0%	32.6%
Deferred Revenue Noncurrent	15.2%	15.2%	10.1%
Other Noncurrent Liabilities	3.7%	3.6%	2.2%
Total Liabilities	78.6%	57.8%	46.5%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	32.3%	35.2%	36.0%
Retained Earnings	104.9%	107.7%	87.3%
Accumulated Other Comprehensive Income	0.1%	-0.2%	-0.1%
Total Stockholders Equity	137.4%	142.7%	123.2%
Total Liabilitiesand Equity	216.0%	200.5%	169.7%

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $9.0B

Operating income $3.9B

Net income $3.5B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	35.9%	35.9%	38.1%
Expenses Research and Development	13.7%	14.2%	14.6%
Expenses Selling,General and Administrative	1.6%	1.8%	2.0%
Expenses Depreciation and Amortization	0.8%	0.9%	1.2%
Expenses Share Based Compensation	4.9%	5.1%	5.1%
Expenses Operating Expenses	21.2%	22.1%	23.4%
Other Income Expense Gross Profit	64.1%	64.1%	61.9%
Other Income Expense Operating Income	42.8%	42.0%	38.5%
Other Income Expense Income Before Tax	47.2%	46.6%	41.3%
Income Tax Income Tax Expense	8.2%	5.9%	5.7%
net Income net Income	39.0%	40.7%	35.6%
net Income Comprehensive Income	39.3%	40.6%	36.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	14.0%	17.9%	21.1%
Earnings Per Share Weighted Average Shares Diluted	14.2%	18.3%	21.6%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $4.4B

Investing cash flow $-3.6B

Financing cash flow $-1.6B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	39.0%	40.7%	35.6%
Operating Activities Depreciation and Amortization	0.8%	0.9%	1.2%
Operating Activities Stock Based Compensation	4.9%	5.1%	5.1%
Operating Activities Deferred Income Taxes	-3.5%	-7.0%	-6.3%
Operating Activities Changes In Operating Assets and Liabilities	43.0%	17.6%	24.3%
Operating Activities Other Non Cash Items	-0.3%	-0.8%	-0.6%
Operating Activities net Cash From Operating Activities	48.5%	53.0%	34.7%
Investing Activities Business Acquisitions	3.3%	0.0%	-0.0%
Investing Activities Purchases of Investments	74.9%	64.6%	44.5%
Investing Activities Proceeds From Sale of Investments	38.1%	29.4%	32.2%
Investing Activities Other Investing Activities	-0.2%	0.1%	0.1%
Investing Activities net Cash From Investing Activities	-39.7%	-35.1%	-11.7%
Financing Activities Repurchase of Common Stock	17.8%	6.0%	1.9%
Financing Activities Proceeds From Stock Issuance	0.6%	0.9%	1.1%
Financing Activities Tax Withholding On Stock Based Compensation	0.6%	0.8%	0.6%
Financing Activities net Cash From Financing Activities	-17.7%	-6.0%	-1.4%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.1%	0.0%
Cash Reconciliation net Change In Cash	-8.9%	11.8%	21.6%
Cash Reconciliation Cash At Beginning of Period	21.8%	39.5%	33.1%
Cash Reconciliation Cash At End of Period	21.8%	39.5%	33.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+64.1%	+64.1%	+61.9%
Operating margin	+42.8%	+42.0%	+38.5%
Net margin	+39.0%	+40.7%	+35.6%
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	+27.1%	+33.4%	+36.2%
Returns
ROE	+28.4%	+28.5%	+28.9%
ROA	+18.1%	+20.3%	+21.0%
ROIC	—	—	—
Liquidity
Current ratio	3.05x	4.36x	4.39x
Quick ratio	0.72x	1.43x	1.55x
Leverage
D/E	0.57x	0.41x	0.38x
Interest coverage	—	—	—
Efficiency
Asset turnover	0.46x	0.50x	0.59x
Cash conversion cycle	+256d	+271d	+311d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Arista Networks

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history