Arista Networks, Inc.
ANET Technology Computer Hardware
Arista Networks, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 28.6% from fiscal 2024. In the quarter to June 2026, revenue grew 37.7%, EPS grew 35.2% and free cash flow fell 10.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for three.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
10,743.00 | 8,303.50 | 5,007.97 | 3,023.73 | 3,408.32 | 2,872.87 | 2,724.37 | 1,956.15 | 1,535.56 | 867.83 |
Receivables |
1,886.90 | 1,140.50 | 1,034.40 | 923.10 | 516.51 | 389.54 | 391.99 | 331.78 | 247.35 | 253.12 |
Inventory |
2,247.10 | 1,834.60 | 1,945.18 | 1,289.71 | 650.12 | 479.67 | 243.83 | 264.56 | 306.20 | 236.49 |
Total current assets |
16,387.00 | 11,910.90 | 8,400.06 | 5,550.75 | 4,812.68 | 3,837.00 | 3,471.64 | 2,714.80 | 2,266.43 | 1,526.13 |
Property, Plant, Equpment (Net) |
203.10 | 98.80 | 101.58 | 95.01 | 78.63 | 32.23 | 39.27 | 75.36 | 74.28 | 76.96 |
Long-Term Investments |
— | — | — | — | 20.25 | 8.31 | 4.15 | 30.34 | 36.14 | 36.14 |
Goodwill and Intangible Assets (Total) |
416.10 | 268.50 | 357.30 | 388.13 | 281.95 | 312.49 | 100.09 | 112.29 | — | — |
Long Term Assets (Tax, Deferred) |
1,773.60 | 1,440.40 | 945.79 | 574.91 | 442.30 | 441.53 | 452.03 | 126.49 | 65.13 | 70.96 |
Long-term assets (Other) |
668.80 | 325.30 | 151.90 | 166.61 | 33.44 | 30.07 | 30.35 | 22.70 | 18.89 | 18.82 |
Total non-current assets |
3,061.60 | 2,133.00 | 1,556.57 | 1,224.66 | 921.75 | 901.92 | 713.65 | 367.18 | 194.43 | 202.88 |
Total Assets |
19,448.60 | 14,043.90 | 9,956.64 | 6,775.41 | 5,734.43 | 4,738.92 | 4,185.29 | 3,081.98 | 2,460.86 | 1,729.01 |
Accounts Payable |
651.70 | 381.10 | 435.06 | 232.57 | 202.64 | 134.24 | 92.11 | 93.76 | 52.20 | 79.46 |
Accrued Expenses |
475.40 | 435.30 | 407.30 | 292.49 | 226.64 | 143.36 | 140.25 | 123.25 | 133.83 | 90.95 |
Current Revenue (Deferred) |
4,002.60 | 1,727.30 | 915.20 | 637.43 | 593.58 | 396.26 | 312.67 | 358.59 | 327.71 | 273.35 |
Other current liabilities |
246.80 | 188.50 | 161.87 | 131.04 | 86.97 | 94.39 | 52.05 | 30.91 | 16.17 | 15.80 |
Total current liabilities |
5,376.50 | 2,732.20 | 1,919.44 | 1,293.53 | 1,109.83 | 768.24 | 597.07 | 606.50 | 529.91 | 459.55 |
Long Term Debt (Total) |
— | — | — | — | — | — | — | 35.43 | 37.67 | 39.59 |
Non-current Revenue (Deferred) |
1,369.80 | 1,064.10 | 591.00 | 403.81 | 335.73 | 254.57 | 262.62 | 228.64 | 187.56 | 99.59 |
Long Term Tax Liability (Deferred) |
— | — | — | 89.84 | 198.99 | 280.99 | 310.20 | 39.92 | 34.07 | 14.50 |
Non-current Liabilities (Other) |
331.80 | 252.80 | 227.14 | 102.41 | 54.75 | 42.43 | 37.69 | 28.10 | 9.75 | 7.96 |
Total non-current liabilities |
1,701.60 | 1,316.90 | 818.14 | 596.06 | 646.00 | 650.39 | 693.53 | 332.09 | 269.04 | 161.63 |
Total liabilities |
7,078.10 | 4,049.10 | 2,737.58 | 1,889.59 | 1,755.83 | 1,418.63 | 1,290.60 | 938.59 | 798.95 | 621.19 |
Additional Paid In Capital |
2,911.80 | 2,465.40 | 2,108.24 | 1,780.71 | 1,530.05 | 1,292.41 | 1,106.31 | 956.57 | 804.73 | 674.18 |
Common Stock (Net) |
0.10 | 0.10 | 0.13 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
Retained Earnings |
9,446.60 | 7,542.50 | 5,114.03 | 3,138.98 | 2,456.82 | 2,027.61 | 1,788.23 | 1,190.80 | 859.11 | 435.11 |
Common Equity (Total) |
12,370.50 | 9,994.80 | 7,219.06 | 4,885.82 | 3,978.60 | 3,320.29 | 2,894.69 | 2,143.39 | 1,661.91 | 1,107.82 |
Shareholders Equity (Total) |
12,370.50 | 9,994.80 | 7,219.06 | 4,885.82 | 3,978.60 | 3,320.29 | 2,894.69 | 2,143.39 | 1,661.91 | 1,107.82 |
Shareholders Equity and Liabilities (Total) |
19,448.60 | 14,043.90 | 9,956.64 | 6,775.41 | 5,734.43 | 4,738.92 | 4,185.29 | 3,081.98 | 2,460.86 | 1,729.01 |
Shares (Common) |
1,256.50 | 1,261.30 | 1,248.98 | 1,227.56 | 1,230.72 | 1,218.78 | 1,222.22 | 1,210.69 | 1,179.30 | 1,132.98 |
Shareholders Equity (Tangible) |
11,954.40 | 9,726.30 | 6,861.76 | 4,497.69 | 3,696.65 | 3,007.81 | 2,794.60 | 2,031.10 | 1,661.91 | 1,107.82 |
Net Debt |
(10,743.00) | (8,303.50) | (5,007.97) | (3,023.73) | (3,408.31) | (2,872.87) | (2,724.37) | (1,920.72) | (1,497.88) | (828.24) |
Total Debt |
— | — | — | 44.00 | 57.00 | 72.00 | 83.00 | 35.43 | 37.67 | 39.59 |