Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Arista Networks, Inc. Revenue & Financial Statements
Arista Networks, Inc. reported revenue of $9.0B for the fiscal year ended December 31, 2025, up 28.6% year over year, with net income of $3.5B and diluted EPS of $2.75.
- Company
- Arista Networks, Inc. ANET · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 2.9B | 4.4B | 5.9B | 7.0B | 9.0B |
| Cost of revenue | 1.1B | 1.7B | 2.2B | 2.5B | 3.2B |
| Gross profit | 1.9B | 2.7B | 3.6B | 4.5B | 5.8B |
| Operating income | 924.7M | 1.5B | 2.3B | 2.9B | 3.9B |
| Pretax income | 193.3M | 321.2M | 444.3M | 629.5M | 880.1M |
| Net income | 832.3M | 1.3B | 2.1B | 2.8B | 3.5B |
| Diluted EPS | 2.63 | 4.27 | 6.58 | 2.23 | 2.75 |
| EBITDA | 975.1M | 1.6B | 2.3B | 3.0B | 3.9B |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.7B | 1.8B | 1.9B | 2.0B | 2.2B | 2.3B | 2.5B |
| Cost of revenue | 570.0M | 593.2M | 649.2M | 699.4M | 728.7M | 766.2M | 818.1M | 924.0M |
| Gross profit | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | 1.5B | 1.6B |
| Operating income | 660.1M | 699.6M | 785.2M | 799.7M | 858.8M | 986.2M | 978.2M | 1.0B |
| Pretax income | 722.8M | 770.4M | 882.9M | 888.9M | 955.0M | 1.1B | 1.1B | 1.1B |
| Net income | 629.1M | 662.3M | 772.6M | 778.2M | 825.1M | 894.5M | 857.0M | 955.8M |
| Diluted EPS | 1.99 | 2.08 | 2.33 | -4.18 | 0.64 | 0.70 | 0.67 | 0.75 |
| EBITDA | 675.8M | 708.1M | 800.8M | 815.0M | 872.6M | 993.9M | 1.0B | 1.1B |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 5.7B | 6.8B | 9.9B | 14.0B | 19.4B |
| Current assets | 4.8B | 5.6B | 8.4B | 11.9B | 16.4B |
| Cash & equivalents | 620.8M | 671.7M | 1.9B | 2.8B | 2.0B |
| Total liabilities | 1.8B | 1.9B | 2.7B | 4.0B | 7.1B |
| Current liabilities | 1.1B | 1.3B | 1.9B | 2.7B | 5.4B |
| Long-term debt | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Stockholders’ equity | 4.0B | 4.9B | 7.2B | 10.0B | 12.4B |
| Net debt | — | — | — | — | — |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 1.0B | 492.8M | 2.0B | 3.7B | 4.4B |
| Investing cash flow | (925.6M) | 216.3M | (687.5M) | (2.5B) | (3.6B) |
| Financing cash flow | (360.9M) | (654.6M) | (83.7M) | (421.8M) | (1.6B) |
| Capital expenditure | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 186.9M | 230.9M | 296.8M | 355.4M | 439.2M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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