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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8,448	7,003	5,860	4,381	2,948	2,318
Revenue Growth (YoY)	27.75%	19.50%	33.75%	48.62%	27.21%	-3.87%
Cost of Revenue	3,012	2,512	2,230	1,706	1,067	835.63
Gross Profit	5,436	4,491	3,630	2,676	1,881	1,482
Selling, General & Admin	639.17	549.97	518.11	420.2	369.29	291.41
Research & Development	1,174	996.72	854.92	728.39	586.75	486.59
Operating Expenses	1,813	1,547	1,373	1,149	956.04	778
Operating Income	3,623	2,945	2,257	1,527	924.74	703.88
Interest & Investment Income	370.8	311	152.42	27.56	7.22	27.14
Other Non Operating Income (Expenses)	7.62	9.42	12.36	27.13	-1.08	-1.56
EBT Excluding Unusual Items	4,001	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	4,001	3,265	2,422	1,582	930.88	738.86
Income Tax Expense	644.68	412.98	334.71	229.35	90.03	104.31
Net Income	3,357	2,852	2,087	1,352	840.85	634.56
Net Income to Common	3,357	2,852	2,087	1,352	840.85	634.56
Net Income Growth	25.96%	36.64%	54.34%	60.84%	32.51%	-26.20%
Shares Outstanding (Basic)	1,259	1,256	1,237	1,226	1,226	1,216
Shares Outstanding (Diluted)	1,278	1,281	1,269	1,266	1,277	1,271
Shares Change (YoY)	-0.11%	0.99%	0.21%	-0.87%	0.43%	-1.75%
EPS (Basic)	2.67	2.27	1.69	1.10	0.69	0.52
EPS (Diluted)	2.63	2.23	1.65	1.07	0.66	0.50
EPS Growth	26.15%	35.15%	54.21%	62.74%	31.50%	-24.72%
Free Cash Flow	4,046	3,676	2,000	448.17	951.12	719.73
Free Cash Flow Per Share	3.17	2.87	1.58	0.35	0.74	0.57
Gross Margin	64.34%	64.13%	61.95%	61.07%	63.80%	63.94%
Operating Margin	42.88%	42.05%	38.52%	34.86%	31.37%	30.37%
Profit Margin	39.73%	40.73%	35.62%	30.87%	28.52%	27.38%
Free Cash Flow Margin	47.89%	52.49%	34.12%	10.23%	32.26%	31.06%
EBITDA	3,671	2,990	2,328	1,590	975.07	739.04
EBITDA Margin	43.45%	42.69%	39.72%	36.29%	33.07%	31.89%
D&A For EBITDA	48.36	45.26	70.63	62.7	50.33	35.16
EBIT	3,623	2,945	2,257	1,527	924.74	703.88
EBIT Margin	42.88%	42.05%	38.52%	34.86%	31.37%	30.37%
Effective Tax Rate	16.11%	12.65%	13.82%	14.50%	9.67%	14.12%
Revenue as Reported	8,448	7,003	5,860	4,381	2,948	2,318

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q