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    Arista Networks Inc (ANET)

    Financials

    Updated May 7, 2025, 10:56 AM UTC
    Income Statement - MetricQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Revenue: Product (USD, thousands)-------1,692.5
    Revenue: Service (USD, thousands)-------312.3
    Total Revenue (USD, thousands)-------2,004.8
    Cost of Revenue: Product (USD, thousands)-------672.7
    Cost of Revenue: Service (USD, thousands)-------56.0
    Total Cost of Revenue (USD, thousands)-------728.7
    Gross Profit (USD, thousands)-------1,276.1
    Operating Expenses: Research and Development (USD, thousands)-------266.4
    Operating Expenses: Sales and Marketing (USD, thousands)-------116.6
    Operating Expenses: General and Administrative (USD, thousands)-------34.3
    Total Operating Expenses (USD, thousands)-------417.3
    Income from Operations (USD, thousands)-------858.8
    Other Income (Expense), Net (USD, thousands)-------96.2
    Income Before Income Taxes (USD, thousands)-------955.0
    Provision for Income Taxes (USD, thousands)-------141.2
    Net Income (USD, thousands)-------813.8
    Net Income Per Share: Basic (USD)-------0.65
    Net Income Per Share: Diluted (USD)-------0.64
    Weighted-Average Shares Used in Computing Net Income Per Share: Basic (Shares)-------1,260.0
    Weighted-Average Shares Used in Computing Net Income Per Share: Diluted (Shares)-------1,279.2
    Balance Sheet - MetricQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)1,938,6061,938,6062,092,1012,429,031--1,845.1
    Marketable securities (USD, thousands)3,069,3623,069,3623,357,5973,844,923--6,304.5
    Accounts receivable, net (USD, thousands)1,034,3981,034,3981,090,0411,226,7951,130,897--1,435.9
    Inventories (USD, thousands)1,945,1801,945,1802,025,2041,853,7761,769,962--1,957.3
    Prepaid expenses and other current assets (USD, thousands)412,518412,518361,340487,793548,693--733.5
    Total current assets (USD, thousands)8,400,0648,400,0648,926,2839,842,31810,877,940--12,276.3
    Property and equipment, net (USD, thousands)101,580101,58097,94996,28293,034--123.9
    Goodwill and acquisition-related intangible assets, net (USD, thousands)357,299357,299350,609343,919337,230--56.4
    Deferred tax assets (USD, thousands)945,792945,7921,025,8611,177,1721,318,224--1,544.3
    Other assets (USD, thousands)151,900151,900149,477163,544220,295--245.2
    TOTAL ASSETS (USD, thousands)9,956,6359,956,63510,550,17911,623,235--14,514.6
    Accounts payable (USD, thousands)435,059435,059223,305297,832289,161--389.1
    Accrued liabilities (USD, thousands)407,302407,302270,586320,071323,990--263.1
    Deferred revenue (USD, thousands)915,204915,204997,9141,329,4501,599,590--2,072.7
    Other current liabilities (USD, thousands)161,870161,870291,259214,526221,633--147.6
    Total current liabilities (USD, thousands)1,919,4351,919,4351,783,0642,161,8792,434,374--3,121.6
    Income taxes payable (USD, thousands)95,75195,751107,179107,833116,604--249.1
    Deferred revenue, non-current (USD, thousands)591,000591,000665,328789,336907,741--1,016.1
    Other long-term liabilities (USD, thousands)131,390131,390132,293133,379142,115--257.8
    TOTAL LIABILITIES (USD, thousands)2,737,5762,737,5762,687,8643,192,427--4,395.5
    Common stock (USD, thousands)3131313131--0.1
    Additional paid-in capital (USD, thousands)2,108,3312,108,3312,185,1492,263,3562,371,010--2,551.7
    Retained earnings (USD, thousands)5,114,0255,114,0255,689,0646,182,4796,865,260--7,569.2
    Accumulated other comprehensive income (loss) (USD, thousands)(3,328)(3,328)(11,929)(15,058)9,588--(1.9)
    TOTAL STOCKHOLDERS’ EQUITY (USD, thousands)7,219,0597,219,0597,862,3158,430,8089,245,889--10,119.1
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (USD, thousands)9,956,6359,956,63510,550,17911,623,23512,846,723--14,514.6
    Cash Flow - MetricQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income [USD, thousands]-------813.8
    Depreciation, amortization and other [USD, thousands]-------13.8
    Stock-based compensation [USD, thousands]-------93.0
    Income taxes, net [USD, thousands]-------241.3
    Net cash provided by operating activities [USD, thousands]-------641.7
    Proceeds from maturities of marketable securities [USD, thousands]-------799.2
    Proceeds from sale of marketable securities [USD, thousands]-------8.8
    Purchases of marketable securities [USD, thousands]-------(1,545.5)
    Purchases of property and equipment [USD, thousands]-------(28.4)
    Net cash provided by (used in) investing activities [USD, thousands]-------(765.9)
    Proceeds from issuance of common stock under equity plans [USD, thousands]-------28.1
    Tax withholding paid on behalf of employees for net share settlement [USD, thousands]-------(34.8)
    Repurchases of common stock [USD, thousands]-------(787.1)
    Net cash used in financing activities [USD, thousands]-------(793.8)
    Effect of exchange rate changes [USD, thousands]-------0.7
    NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH [USD, thousands]-------(917.3)
    Deferred income taxes [USD, thousands]-------(107.1)
    Accounts receivable, net [USD, thousands]-------(295.4)
    Inventories [USD, thousands]-------(122.7)
    Other assets [USD, thousands]-------(113.7)
    Accounts payable [USD, thousands]-------6.7
    Deferred revenue [USD, thousands]-------297.4
    Other liabilities [USD, thousands]-------(173.3)
    CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period [USD, thousands]-------2,763.8
    CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period [USD, thousands]-------1,846.5
    Revenue by Segment - in Millions of USDQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Product1,310.375,029.51,328.81,423.271,523.8071,608.145,884.01,692.5
    Service230.15830.7242.5267.13287.129322.371,119.1312.3
    Total Revenue1,540.435,860.21,571.41,690.401,810.9361,930.417,003.12,004.8
    Revenue by Geography - in Millions of USDQ2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Americas1,196.984,651.21,255.3911,374.31,480.0711,619.285,729.0391,598.5
    - United States-------1,581.5
    - Other Americas--------
    Europe, Middle East, and Africa201.86671.0141.554178.8191.189201.63713.175174.6
    Asia-Pacific141.58538.0174.429137.3139.676109.53560.932231.7
    Total Revenue1,540.435,860.21,571.3741,690.41,810.9361,930.447,003.1462,004.8
    KPIs - Metric (Unit, Scale)Q2 2014Q3 2014Q4 2014FY 2014Q1 2015Q2 2015Q3 2015Q4 2015FY 2015Q1 2016Q2 2016Q3 2016Q4 2016FY 2016Q1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Total revenue from remaining performance obligations (USD billions)--2.63.03.3---
    Other performance obligations (USD millions)--809.0688.1626.3---