Arista Networks, Inc. (ANET) — Financial statements
Income statement, balance sheet, and cash flow for Arista Networks, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 9,006↑28.6% | 7,003↑19.5% | 5,860↑33.8% | 4,381↑48.6% | 2,948 | |
| Cost of Revenue | 3,237↑28.9% | 2,512↑12.6% | 2,230↑30.7% | 1,706↑59.8% | 1,067 | |
| Gross Profit | 5,769↑28.4% | 4,491↑23.7% | 3,630↑35.7% | 2,676↑42.3% | 1,881 | |
| Operating Expenses | ||||||
| R&D Expenses | 1,237↑24.1% | 997↑16.6% | 855↑17.4% | 728↑24.1% | 587 | |
| General & Administrative Expenses | 142↑15.6% | 123↑3.0% | 119↑27.7% | 93↑12.2% | 83 | |
| Selling & Marketing Expenses | 533↑24.8% | 427↑7.1% | 399↑22.0% | 327↑14.3% | 286 | |
| SG&A Expenses | 675↑22.8% | 550↑6.2% | 518↑23.3% | 420↑13.8% | 369 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 1,913↑23.7% | 1,547↑12.6% | 1,373↑19.5% | 1,149↑20.1% | 956 | |
| Total Costs & Expenses | 5,150↑26.9% | 4,059↑12.6% | 3,603↑26.2% | 2,854↑41.1% | 2,023 | |
| Operating Results | ||||||
| Operating Income | 3,856↑31.0% | 2,945↑30.5% | 2,257↑47.8% | 1,527↑65.1% | 925 | |
| Depreciation & Amortization | 73↑17.1% | 62↓12.2% | 71↑12.6% | 63↑24.6% | 50 | |
| EBITDA | 3,929↑30.7% | 3,007↑29.2% | 2,328↑46.4% | 1,590↑63.0% | 975 | |
| EBIT | 3,856↑31.0% | 2,945↑30.5% | 2,257↑47.8% | 1,527↑65.1% | 925 | |
| Interest & Other Income | ||||||
| Net Interest Income | 383↑23.3% | 311↑104.0% | 152↑453.1% | 28↑281.9% | 7 | |
| Interest Income | 383↑23.3% | 311↑104.0% | 152↑453.1% | 28↑281.9% | 7 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 394↑22.8% | 321↑94.5% | 165↑201.3% | 55↑790.7% | 6 | |
| Income Before Tax | 4,250↑30.2% | 3,265↑34.8% | 2,422↑53.1% | 1,582↑69.9% | 931 | |
| Income Tax Expense | 738↑78.8% | 413↑23.4% | 335↑45.9% | 229↑154.8% | 90 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 3,511↑23.1% | 2,852↑36.6% | 2,087↑54.3% | 1,352↑60.8% | 841 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 3,511↑23.1% | 2,852↑36.6% | 2,087↑54.3% | 1,352↑60.8% | 841 | |
| Bottom-Line Net Income | 3,511↑23.1% | 2,852↑36.6% | 2,087↑54.3% | 1,352↑60.8% | 841 | |
| EPS (Basic) | 2.79↑22.9% | 2.27↑34.3% | 1.69↑53.6% | 1.10↑59.4% | 0.69 | |
| EPS (Diluted) | 2.75↑23.3% | 2.23↑35.2% | 1.65↑54.2% | 1.07↑62.1% | 0.66 | |
| Weighted Average Shares | 1,258↑0.1% | 1,256↑1.5% | 1,237↑0.9% | 1,226↓0.0% | 1,226 | |
| Weighted Average Diluted Shares | 1,276↓0.4% | 1,281↑1.0% | 1,269↑0.2% | 1,266↓0.9% | 1,277 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.