Arista Networks, Inc. (ANET)

Arista Networks Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	9,006	7,003	5,860	4,381	2,948
Revenue Growth (YoY)	28.60%	19.50%	33.76%	48.62%	27.21%
Cost of Revenue	3,237	2,512	2,230	1,706	1,067
Gross Profit	5,769	4,491	3,630	2,676	1,881
Selling, General & Admin	675.3	550	518.1	420.2	369.29
Research & Development	1,237	996.7	854.9	728.39	586.75
Total Operating Expenses	1,913	1,547	1,373	1,149	956.04
Operating Income	3,856	2,945	2,257	1,527	924.74
Total Non-Operating Income (Expense)	393.6	320.5	164.7	54.69	6.14
Pretax Income	4,250	3,265	2,422	1,582	930.88
Provision for Income Taxes	738.3	413	334.7	229.35	90.03
Net Income	3,511	2,852	2,087	1,352	840.85
Net Income to Common	3,511	2,852	2,087	1,352	840.85
Net Income Growth	23.12%	36.64%	54.34%	60.84%	32.51%
Shares Outstanding (Basic)	1,258	1,256	1,237	1,226	1,226
Shares Outstanding (Diluted)	1,276	1,281	1,269	1,266	1,277
Shares Change (YoY)	-0.42%	0.99%	0.21%	-0.87%	0.43%
EPS (Basic)	2.79	2.27	1.69	1.10	0.69
EPS (Diluted)	2.75	2.23	1.65	1.07	0.66
EPS Growth	23.32%	35.15%	54.21%	62.74%	31.50%
Shares Outstanding	1,257	1,261	1,249	1,228	1,231
Free Cash Flow	4,252	3,676	2,000	448.17	951.12
Free Cash Flow Growth	15.67%	83.85%	346.17%	-52.88%	32.15%
Free Cash Flow Per Share	3.33	2.87	1.58	0.35	0.74
Gross Margin	64.06%	64.13%	61.95%	61.07%	63.80%
Operating Margin	42.82%	42.05%	38.52%	34.86%	31.37%
Profit Margin	38.99%	40.73%	35.62%	30.87%	28.52%
FCF Margin	47.22%	52.49%	34.12%	10.23%	32.26%
EBITDA	3,929	3,007	2,328	1,590	975.07
EBITDA Margin	43.62%	42.93%	39.72%	36.29%	33.08%
EBIT	3,856	2,945	2,257	1,527	924.74
EBIT Margin	42.82%	42.05%	38.52%	34.86%	31.37%
Effective Tax Rate	17.37%	12.65%	13.82%	14.50%	9.67%

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q