Arista Networks, Inc.
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ANET Q4 2025 request
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/api/financials?ticker=ANET&year=2025&quarter=4
Pick an endpoint and run the request.Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 2,487.8 | 1,930.4 | +28.9% |
Show Product Lines breakouts |
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| Product | 2,095.7 | 1,608.1 | +30.3% |
| Service | 392.1 | 322.3 | +21.7% |
Show Geography breakouts |
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| Americas | 1,959.5 | 1,619.3 | +21.0% |
| Asia Pacific | 153 | 109.4 | +39.9% |
| EMEA | 375.3 | 201.7 | +86.1% |
| US | 1,944.5 | 1,602.2 | +21.4% |
| Cost of Revenue | 924 | 699.4 | +32.1% |
Show Product Lines breakouts |
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| Product | 853.2 | 643.6 | +32.6% |
| Service | 70.8 | 55.8 | +26.9% |
| Gross Profit | 1,563.8 | 1,231 | +27.0% |
| Research & Development | 348.4 | 285 | +22.2% |
| Sales & Marketing | 139.1 | 111 | +25.3% |
| General & Administrative | 43.4 | 35.4 | +22.6% |
| Operating Expenses | 530.9 | 431.4 | +23.1% |
| Operating Income | 1,032.9 | 799.6 | +29.2% |
| Non-Operating Income (Expense) | 104.5 | 89.4 | +16.9% |
| Income Before Taxes | 1,137.4 | 889 | +27.9% |
| Income Tax Expense (Benefit) | 181.6 | 88 | +106.4% |
| Net Income | 955.8 | 801 | +19.3% |
Show Equity Components breakouts |
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| Retained Earnings | 955.8 | 801 | +19.3% |
| EPS (Basic) | 0.76 | 0.64 | +18.8% |
| EPS (Diluted) | 0.75 | 0.63 | +19.0% |
| Wtd Avg Shares (Basic) | -0.1 | 1.3 | -107.7% |
| Wtd Avg Shares (Diluted) | 0 | 0.8 | -100.0% |
| Comprehensive Income | 960 | 778.2 | +23.4% |
| Other Comprehensive Income | 4.2 | -22.8 | +118.4% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 4.2 | -22.8 | +118.4% |
| Net Income Loss Available To Common Stockholders Basic | 955.8 | 801 | +19.3% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,963.9 | 2,762.4 | -28.9% |
| Available For Sale Securities Debt Securities Current | 8,779.1 | 5,541.1 | +58.4% |
| Accounts Receivable | 1,886.9 | 1,140.5 | +65.4% |
| Inventory | 2,247.1 | 1,834.6 | +22.5% |
| Prepaid Expenses & Other Current Assets | 1,510 | 632.3 | +138.8% |
| Total Current Assets | 16,387 | 11,910.9 | +37.6% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 203.1 | 98.8 | +105.6% |
Show Geography breakouts |
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| Non Us | 18.3 | 15.3 | +19.6% |
| US | 184.8 | 83.5 | +121.3% |
| Goodwill | 416.1 | 268.5 | +55.0% |
| Deferred Tax Assets | 1,773.6 | 1,440.4 | +23.1% |
| Other Non-Current Assets | 668.8 | 325.3 | +105.6% |
| Total Assets | 19,448.6 | 14,043.9 | +38.5% |
| Intangible Assets | 288.8 | 62 | +365.8% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 175.4 | 25.1 | +598.8% |
| Technology Based Intangible Assets | 102.1 | 35.7 | +186.0% |
| Trade Names | 11.3 | 1.2 | +841.7% |
| Current Liabilities | |||
| Accounts Payable | 651.7 | 381.1 | +71.0% |
| Accrued Liabilities | 475.4 | 435.3 | +9.2% |
| Deferred Revenue (Current) | 4,002.6 | 1,727.3 | +131.7% |
| Other Liabilities Current | 246.8 | 188.5 | +30.9% |
| Total Current Liabilities | 5,376.5 | 2,732.2 | +96.8% |
| Non-Current Liabilities | |||
| Contract With Customer Liability Noncurrent | 1,369.8 | 1,064.1 | +28.7% |
| Other Non-Current Liabilities | 331.8 | 252.8 | +31.2% |
| Total Liabilities | 7,078.1 | 4,049.1 | +74.8% |
| Stockholders' Equity | |||
| Common Stock | 0.1 | 0.1 | 0.0% |
| Additional Paid-In Capital | 2,911.8 | 2,465.4 | +18.1% |
| Retained Earnings | 9,446.6 | 7,542.5 | +25.2% |
| Accumulated Other Comprehensive Income | 12 | -13.2 | +190.9% |
| Total Stockholders' Equity | 12,370.5 | 9,994.8 | +23.8% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 12 | -13.2 | +190.9% |
| Additional Paid In Capital | 2,911.8 | 2,465.4 | +18.1% |
| Common Stock | 0.1 | 0.1 | 0.0% |
| Retained Earnings | 9,446.6 | 7,542.5 | +25.2% |
| Total Liabilities & Equity | 19,448.6 | 14,043.9 | +38.5% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 22.8 | 15.3 | +49.0% |
| Stock-Based Compensation | 133.1 | 100.8 | +32.0% |
| Deferred Income Taxes | -109.5 | -116.2 | +5.8% |
| Other Operating Activities Cash Flow Statement | -3.6 | -10.9 | +67.0% |
| Change in Accounts Receivable | -397.5 | -9.6 | -4040.6% |
| Change in Inventory | -91.4 | -64.6 | -41.5% |
| Increase Decrease In Other Current Assets | -253.7 | -61.1 | -315.2% |
| Change in Accounts Payable | 162.4 | 90.4 | +79.6% |
| Increase Decrease In Other Operating Liabilities | 99.8 | 128 | -22.0% |
| Change in Deferred Revenue | 686.3 | 284.1 | +141.6% |
| Increase Decrease In Income Taxes | 57.4 | -126.3 | +145.4% |
| Net Cash from Operations | 1,261.9 | 1,030.9 | +22.4% |
| Investing Activities | |||
| Proceeds From Sale And Maturity Of Marketable Securities | 842.2 | 631.3 | +33.4% |
| Proceeds From Sale Of Available For Sale Securities Debt | 102.9 | 3.9 | +2538.5% |
| Payments To Acquire Marketable Securities | -1,932.1 | -1,932.7 | 0.0% |
| Other Investing Activities | 24.9 | 0 | — |
| Net Cash from Investing | -999.1 | -1,309.9 | +23.7% |
| Financing Activities | |||
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | 0.8 | 4.7 | -83.0% |
| Tax Withholding for Share Compensation | -6.2 | -10.9 | +43.1% |
| Share Repurchases | -620.1 | -123.8 | -400.9% |
| Net Cash from Financing | -625.5 | -130 | -381.2% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 0 | -3.7 | +100.0% |
| Net Change in Cash | -362.7 | -412.7 | +12.1% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,965.3 | 2,763.8 | -28.9% |
Values in millions USD. Source: SEC EDGAR 10-K filing.