Arista Networks Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,964	2,762	1,939	671.71	620.81
Short-Term Investments	8,779	5,541	3,069	2,352	2,788
Cash & Short-Term Investments	10,743	8,304	5,008	3,024	3,408
Cash Growth	29.38%	65.81%	65.62%	-11.28%	18.64%
Receivables	1,887	1,141	1,034	923.1	516.51
Inventory	2,247	1,835	1,945	1,452	696.43
Prepaid Expenses	313	341	412.52	152.17	18.53
Other Current Assets	1,197	291.3	-	-	172.89
Total Current Assets	16,387	11,911	8,400	5,551	4,813
Property, Plant & Equipment	203.1	98.8	157.47	148.4	143.82
Long-Term Investments	-	-	62.29	39.47	20.25
Goodwill	416.1	268.5	268.53	265.92	188.4
Other Intangible Assets	288.8	62	88.77	122.21	93.56
Long-Term Deferred Tax Assets	1,774	1,440	945.79	574.91	442.3
Other Long-Term Assets	380	263.3	33.72	73.75	33.44
Total Assets	19,449	14,044	9,957	6,775	5,734
Accounts Payable	651.7	381.1	435.06	232.57	202.64
Accrued Expenses	475.4	435.3	407.3	292.49	216.23
Current Portion of Leases	22.1	-	21.11	19.88	20.3
Current Unearned Revenue	4,117	1,793	974.4	682.63	632.28
Other Current Liabilities	110.7	122.8	81.56	65.96	38.39
Total Current Liabilities	5,377	2,732	1,919	1,294	1,110
Long-Term Leases	-	-	44.41	43.96	56.53
Long-Term Unearned Revenue	1,506	1,159	665.04	462.06	390.42
Long-Term Deferred Tax Liabilities	-	-	-	0.04	129.07
Other Long-Term Liabilities	195.7	157.7	108.69	89.99	69.98
Total Liabilities	7,078	4,049	2,738	1,890	1,756
Common Stock	0.1	0.1	0.13	0.03	0.03
Additional Paid-In Capital	2,912	2,465	2,108	1,781	1,530
Retained Earnings	9,447	7,543	5,114	3,139	2,457
Comprehensive Income & Other	12	-13.2	-3.33	-33.91	-8.3
Shareholders' Equity	12,371	9,995	7,219	4,886	3,979
Total Liabilities & Equity	19,449	14,044	9,957	6,775	5,734
Total Debt	22.1	-	65.52	63.84	76.83
Net Cash (Debt)	10,721	8,304	4,942	2,960	3,331
Net Cash Growth	29.11%	68.00%	66.98%	-11.15%	19.72%
Net Cash Per Share	8.40	6.48	3.90	2.34	2.61
Filing Date Shares Outstanding	1,257	1,261	1,251	1,226	1,231
Total Common Shares Outstanding	1,257	1,261	1,249	1,228	1,231
Working Capital	11,011	9,179	6,481	4,257	3,703
Book Value Per Share	9.85	7.92	5.78	3.98	3.23
Tangible Book Value	11,666	9,664	6,862	4,498	3,697
Tangible Book Value Per Share	9.28	7.66	5.49	3.66	3.00
Land	47.3	47.2	44.65	41.5	40.15
Machinery	258.2	228.1	206.19	178.13	138.63
Construction In Progress	107.9	8.2	4.24	2.12	2.38
Leasehold Improvements	38.4	34.7	34.58	30.1	30.5

Source: S&P Global Market Intelligence. Standard template. Financial Sources.