Security
Arista Networks · ANET
ANETNYSECommon stockCurrentCIK 1596532Updated Oct 4, 2026
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 19,448,600,000Source | 14,043,921,000Source | 9,946,806,000Source | 6,775,410,000Source |
| Property, Plant and Equipment, NetUSD | 203,100,000Source | 98,845,000Source | 101,580,000Source | 95,009,000Source |
| GoodwillUSD | 416,100,000Source | — | 268,531,000Source | 265,924,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,963,900,000Source | 2,762,357,000Source | 1,938,606,000Source | 671,707,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,886,900,000Source | 1,140,478,000Source | 1,024,569,000Source | 923,096,000Source |
| Inventory, NetUSD | 2,247,100,000Source | 1,834,572,000Source | 1,945,180,000Source | 1,289,706,000Source |
| Assets, CurrentUSD | 16,387,000,000Source | 11,910,815,000Source | 8,390,235,000Source | 5,550,748,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,510,000,000Source | 632,292,000Source | 412,518,000Source | 314,217,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | 51,956,000Source | 55,890,000Source | 53,390,000Source |
| Other Assets, NoncurrentUSD | 668,800,000Source | 263,303,000Source | 151,900,000Source | 73,754,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 7,078,100,000Source | 4,049,114,000Source | 2,727,747,000Source | 1,889,590,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 100,000Source | 126,000Source | 31,000Source | 31,000Source |
| Additional Paid in CapitalUSD | 2,911,800,000Source | 2,465,409,000Source | 2,108,331,000Source | 1,780,714,000Source |
| Retained Earnings (Accumulated Deficit)USD | 9,446,600,000Source | 7,542,460,000Source | 5,114,025,000Source | 3,138,983,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 12,000,000Source | -13,188,000Source | -3,328,000Source | -33,908,000Source |
| Stockholders' Equity Attributable to ParentUSD | 12,370,500,000Source | 9,994,807,000Source | 7,219,059,000Source | 4,885,820,000Source |
| Liabilities and EquityUSD | 19,448,600,000Source | 14,043,921,000Source | 9,946,806,000Source | 6,775,410,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,376,500,000Source | 2,732,222,000Source | 1,909,606,000Source | 1,293,531,000Source |
| Operating Lease, Liability, CurrentUSD | — | 22,143,000Source | 21,106,000Source | 19,878,000Source |
| Accounts Payable, CurrentUSD | 651,700,000Source | 381,083,000Source | 435,059,000Source | 232,572,000Source |
| Operating Lease, Liability, NoncurrentUSD | — | 37,499,000Source | 44,413,000Source | 43,964,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | 0Source | 42,000Source |
| Other Liabilities, NoncurrentUSD | 331,800,000Source | 252,757,000Source | 131,390,000Source | 58,400,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 475,400,000Source | 435,277,000Source | 407,302,000Source | 292,487,000Source |
| Deferred Tax Liabilities, NetUSD | — | 0Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 72,600,000Source | 62,038,000Source | 70,630,000Source | 62,700,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 439,200,000Source | 355,364,000Source | 296,756,000Source | 230,934,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 746,400,000Source | 106,080,000Source | 101,473,000Source | 401,531,000Source |
| Increase (Decrease) in InventoriesUSD | 412,500,000Source | -110,608,000Source | 655,474,000Source | 638,948,000Source |
| Increase (Decrease) in Accounts PayableUSD | 260,500,000Source | -51,635,000Source | 198,612,000Source | 31,436,000Source |
| Deferred Income Tax Expense (Benefit)USD | -312,000,000Source | -492,874,000Source | -370,796,000Source | -244,382,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 4,371,900,000Source | 3,708,235,000Source | 2,034,014,000Source | 492,813,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 300,000,000Source | 0Source | -1,799,000Source | 145,087,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,576,200,000Source | -2,457,354,000Source | -687,454,000Source | 216,327,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -14,900,000Source | 6,628,000Source | — | — |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 50,500,000Source | 58,372,000Source | 33,563,000Source | 32,725,000Source |
| Payments for Repurchase of Common StockUSD | 1,603,100,000Source | 423,619,000Source | 112,279,000Source | 670,287,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,595,900,000Source | -421,810,000Source | -83,749,000Source | -654,601,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -798,500,000Source | 824,304,000Source | 1,263,486,000Source | 50,928,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,965,300,000Source | 2,763,768,000Source | 1,939,464,000Source | 675,978,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 1,095,900,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,700,000Source | -4,767,000Source | 675,000Source | -3,611,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 439,200,000Source | 355,364,000Source | 296,756,000Source | 230,934,000Source |
| Amortization of Intangible AssetsUSD | 41,600,000Source | 26,760,000Source | 33,437,000Source | 33,650,000Source |
| DepreciationUSD | 30,900,000Source | 34,000,000Source | 31,700,000Source | 25,600,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | 18,699,000Source | — |
| General and Administrative ExpenseUSD | 141,900,000Source | 122,706,000Source | 119,080,000Source | 93,241,000Source |
| GoodwillUSD | 416,100,000Source | — | 268,531,000Source | 265,924,000Source |
| Goodwill and Intangible Asset ImpairmentUSD | 0Source | 0Source | — | — |
| Income Tax Expense (Benefit)USD | 738,300,000Source | 412,980,000Source | 334,705,000Source | 229,350,000Source |
| Inventory Write-downUSD | 131,600,000Source | 267,200,000Source | 234,400,000Source | 71,400,000Source |
| Net Income (Loss) Attributable to ParentUSD | 3,511,400,000Source | 2,852,054,000Source | 2,087,321,000Source | 1,352,446,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 3,511,400,000Source | 2,852,054,000Source | — | — |
| Nonoperating Income (Expense)USD | 393,600,000Source | 320,418,000Source | 164,777,000Source | 54,690,000Source |
| Operating ExpensesUSD | 1,912,600,000Source | 1,546,687,000Source | 1,373,032,000Source | 1,148,590,000Source |
| Operating Lease, ExpenseUSD | — | — | 33,258,000Source | 32,816,000Source |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | 27,479,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 9,005,700,000Source | 7,003,146,000Source | 5,860,168,000Source | 4,381,310,000Source |
| Cost of RevenueUSD | 3,237,000,000Source | 2,511,843,000Source | 2,229,887,000Source | 1,705,614,000Source |
| Operating Income (Loss)USD | 3,856,100,000Source | 2,944,616,000Source | 2,257,249,000Source | 1,527,106,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 4,249,700,000Source | 3,265,034,000Source | 2,422,026,000Source | 1,581,796,000Source |
| Income Tax Expense (Benefit)USD | 738,300,000Source | 412,980,000Source | 334,705,000Source | 229,350,000Source |
| Net Income (Loss) Attributable to ParentUSD | 3,511,400,000Source | 2,852,054,000Source | 2,087,321,000Source | 1,352,446,000Source |
| Earnings Per Share, BasicUSD per share | 2.79Source | 2.27Source | 6.75Source | 4.41Source |
| Earnings Per Share, DilutedUSD per share | 2.75Source | 2.23Source | 6.58Source | 4.27Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,258,000,000Source | 1,256,303,000Source | 309,354,000Source | 306,473,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,275,700,000Source | 1,281,077,000Source | 317,135,000Source | 316,459,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 41,600,000Source | 26,760,000Source | 33,437,000Source | 33,650,000Source |
| Current Income Tax Expense (Benefit)USD | 1,050,300,000Source | 905,781,000Source | 705,501,000Source | 473,729,000Source |
| Gain (Loss) on InvestmentsUSD | — | — | 18,699,000Source | — |
| General and Administrative ExpenseUSD | 141,900,000Source | 122,706,000Source | 119,080,000Source | 93,241,000Source |
| Gross ProfitUSD | 5,768,700,000Source | 4,491,303,000Source | 3,630,281,000Source | 2,675,696,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 3,369,600,000Source | 2,635,557,000Source | 1,977,687,000Source | 1,260,614,000Source |
| Interest Income, OtherUSD | 383,400,000Source | 310,998,000Source | 152,421,000Source | 27,556,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 3,511,400,000Source | 2,852,054,000Source | — | — |
| Nonoperating Income (Expense)USD | 393,600,000Source | 320,418,000Source | 164,777,000Source | 54,690,000Source |
| Operating ExpensesUSD | 1,912,600,000Source | 1,546,687,000Source | 1,373,032,000Source | 1,148,590,000Source |
| Operating Lease, ExpenseUSD | — | — | 33,258,000Source | 32,816,000Source |
| Research and Development ExpenseUSD | 1,237,300,000Source | 996,717,000Source | 854,918,000Source | 728,394,000Source |
| Selling and Marketing ExpenseUSD | 533,400,000Source | 427,264,000Source | 399,034,000Source | 326,955,000Source |
Filing attachments
ex42descriptionofcapitalst.htm · 10-K · 2026-02-17
Exhibit 4.2 DESCRIPTION OF CAPITAL STOCK The following description of the capital stock of Arista Networks, Inc. (“us,” “our,” “we” or the “Company”) is a summary of the rights of our capital stock and summarizes certain provisions of our amended and restated certificate of incorporation and our amended and restated bylaws. This summary does not purport to be complete and is qualified in its entirety by the provisions of our amended and restated certificate of incorporation and amended and res…
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