Arista Networks Inc (ANET)

Arista Networks Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7,437	7,003	5,860	4,381	2,948	2,318
Revenue Growth (YoY)	22.31%	19.50%	33.75%	48.62%	27.21%	-3.87%
Cost of Revenue	2,671	2,512	2,230	1,706	1,067	835.63
Gross Profit	4,766	4,491	3,630	2,676	1,881	1,482
Selling, General & Admin	568.07	549.97	518.11	420.2	369.29	291.41
Research & Development	1,055	996.72	854.92	728.39	586.75	486.59
Operating Expenses	1,623	1,547	1,373	1,149	956.04	778
Operating Income	3,143	2,945	2,257	1,527	924.74	703.88
Interest & Investment Income	337.4	311	152.42	27.56	7.22	27.14
Other Non Operating Income (Expenses)	16.62	9.42	12.36	27.13	-1.08	-1.56
EBT Excluding Unusual Items	3,497	3,265	2,422	1,582	930.88	729.47
Merger & Restructuring Charges	-	-	-	-	-	-4.2
Gain (Loss) on Sale of Investments	-	-	-	-	-	13.6
Pretax Income	3,497	3,265	2,422	1,582	930.88	738.86
Income Tax Expense	469.08	412.98	334.71	229.35	90.03	104.31
Net Income	3,028	2,852	2,087	1,352	840.85	634.56
Net Income to Common	3,028	2,852	2,087	1,352	840.85	634.56
Net Income Growth	32.32%	36.64%	54.34%	60.84%	32.51%	-26.20%
Shares Outstanding (Basic)	1,258	1,256	1,237	1,226	1,226	1,216
Shares Outstanding (Diluted)	1,281	1,281	1,269	1,266	1,277	1,271
Shares Change (YoY)	0.65%	0.99%	0.21%	-0.87%	0.43%	-1.75%
EPS (Basic)	2.41	2.27	1.69	1.10	0.69	0.52
EPS (Diluted)	2.37	2.23	1.65	1.07	0.66	0.50
EPS Growth	31.30%	35.15%	54.21%	62.74%	31.50%	-24.72%
Free Cash Flow	3,785	3,676	2,000	448.17	951.12	719.73
Free Cash Flow Per Share	2.96	2.87	1.58	0.35	0.74	0.57
Gross Margin	64.09%	64.13%	61.95%	61.07%	63.80%	63.94%
Operating Margin	42.27%	42.05%	38.52%	34.86%	31.37%	30.37%
Profit Margin	40.72%	40.73%	35.62%	30.87%	28.52%	27.38%
Free Cash Flow Margin	50.90%	52.49%	34.12%	10.23%	32.26%	31.06%
EBITDA	3,187	2,990	2,328	1,590	975.07	739.04
EBITDA Margin	42.85%	42.69%	39.72%	36.29%	33.07%	31.89%
D&A For EBITDA	43.46	45.26	70.63	62.7	50.33	35.16
EBIT	3,143	2,945	2,257	1,527	924.74	703.88
EBIT Margin	42.27%	42.05%	38.52%	34.86%	31.37%	30.37%
Effective Tax Rate	13.41%	12.65%	13.82%	14.50%	9.67%	14.12%
Revenue as Reported	7,437	7,003	5,860	4,381	2,948	2,318

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q