Company research / ANET

Arista Networks, Inc. (ANET)

CIK 0001596532 · NYSE · Computer Communications Equipment

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Arista Networks, Inc. reported revenue of $9.01B. Revenue grew 28.6% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $10.54B.

Key ratios (year ended 2025-12-31)

64.1%
Gross margin
42.8%
Operating margin
39.0%
Net margin
28.4%
Return on year-end equity
28.6%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-22

Headquarters locality: Santa Clara · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 4-for-1, first reflected in a filing dated 2022-02-15; 4-for-1, first reflected in a filing dated 2025-02-19. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$10.54B$9.01B$7.00B$5.86B$4.38B$2.95B$2.32B$2.41B$2.15B$1.65B$1.13B
Cost of Revenue$3.90B$3.24B$2.51B$2.23B$1.71B$1.07B$835.63M$866.37M$777.99M$584.42M$406.05M
Gross Profit$6.64B$5.77B$4.49B$3.63B$2.68B$1.88B$1.48B$1.54B$1.37B$1.06B$723.12M
R&D Expense$1.37B$1.24B$996.70M$854.90M$728.39M$586.75M$486.59M$462.76M$442.47M$349.59M$273.58M
Operating Income$4.55B$3.86B$2.94B$2.26B$1.53B$924.74M$699.68M$805.77M$273.35M$470.27M$243.41M
Depreciation & Amortization$92.70M$72.60M$62.00M$70.60M$62.70M$50.33M$35.16M$32.85M$27.67M$20.64M$19.75M
EBITDA$4.64B$3.93B$3.01B$2.33B$1.59B$975.07M$734.84M$838.62M$301.02M$490.91M$263.16M
Net Income$4.04B$3.51B$2.85B$2.09B$1.35B$840.85M$634.56M$859.87M$328.12M$423.20M$184.19M
EPS (Diluted)n/a$2.75$2.23$1.65$1.07$2.63$2.00$2.66$4.06$5.35$2.50
Total Assets$23.72B$19.45B$14.04B$9.96B$6.78B$5.73B$4.74B$4.19B$3.08B$2.46B$1.73B
Total Liabilities$8.92B$7.08B$4.05B$2.74B$1.89B$1.76B$1.42B$1.29B$938.59M$798.95M$621.19M
Shareholders' Equity$14.80B$12.37B$9.99B$7.22B$4.89B$3.98B$3.32B$2.89B$2.14B$1.66B$1.11B
Cash & Equivalents$2.29B$1.96B$2.76B$1.94B$671.71M$620.81M$893.22M$1.11B$649.95M$859.19M$567.92M
Operating Cash Flow$5.31B$4.37B$3.71B$2.03B$492.81M$1.02B$735.11M$963.03M$503.12M$631.63M$174.29M
Capital Expendituresn/a$119.50M$32.00M$34.40M$44.64M$64.74M$15.38M$15.75M$23.83M$15.28M$21.42M
Free Cash Flown/a$4.25B$3.68B$2.00B$448.17M$951.12M$719.73M$947.28M$479.29M$616.35M$152.88M
Share Repurchases$620.10M$1.60B$423.60M$112.30M$670.29M$411.64M$395.17M$266.14M$0$0n/a
Shares Outstanding1.26B1.26B1.26B1.25B306.89M307.68M304.70M76.39M75.67M73.71M70.81M
Weighted Average Diluted Sharesn/a1.28B1.28B1.27B1.27B319.24M317.86M323.52M80.84M78.98M73.22M
EPS (Basic)n/a$2.79$2.27$1.69$1.10$2.74$2.09$2.82$4.39$5.85$2.66

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