Arista Networks, Inc. (ANET)

Arista Networks Income Statement

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

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue	2,488	2,308	2,205	2,005	1,930	1,811	1,690	1,571	1,540	1,509	1,459	1,351	1,276	1,177	1,052	877.07	824.46	748.7	707.32	667.56
Revenue Growth (YoY)	28.88%	27.47%	30.43%	27.58%	25.31%	19.97%	15.87%	16.28%	20.77%	28.27%	38.70%	54.08%	54.71%	57.18%	48.72%	31.38%	27.14%	23.66%	30.85%	27.63%
Cost of Revenue	924	818.1	766.2	728.7	699.4	649.2	593.2	570	541.22	567.04	574.8	546.84	506.95	466.82	408.63	323.22	301.75	270.08	253.14	242.29
Gross Profit	1,564	1,490	1,439	1,276	1,231	1,162	1,097	1,001	999.25	942.42	884.13	804.51	768.61	709.98	643.27	553.85	522.71	478.62	454.18	425.27
Selling, General & Admin	182.5	186	155.9	150.9	146.4	140.6	130.1	132.8	147.82	127.37	124.39	118.52	109.26	104.83	102.25	103.85	99.05	92.23	91.52	86.49
Research & Development	348.4	326	296.5	266.4	285	235.8	267.5	208.4	211.46	212.35	229.68	201.41	190.42	187.81	178.16	172.01	157.88	153.09	143.29	132.49
Total Operating Expenses	530.9	512	452.4	417.3	431.4	376.4	397.6	341.2	359.28	339.72	354.07	319.93	299.69	292.63	280.41	275.86	256.93	245.32	234.81	218.98
Operating Income	1,033	978.2	986.2	858.8	799.6	785.3	699.6	660.2	639.97	602.7	530.06	484.58	468.92	417.35	362.85	277.99	265.79	233.29	219.37	206.29
Total Non-Operating Income (Expense)	104.5	98.9	94	96.2	89.4	97.6	70.8	62.6	54.4	41.82	56.34	12.15	16.93	6.82	-0.53	31.48	1.5	1.35	1.72	1.58
Pretax Income	1,137	1,077	1,080	955	889	882.9	770.4	722.8	694.37	644.51	586.4	496.72	485.85	424.16	362.32	309.47	267.29	234.64	221.08	207.87
Provision for Income Taxes	181.6	224.1	191.4	141.2	88	134.9	105	85.1	80.75	99.18	94.52	60.25	58.76	70.17	63.22	37.21	27.99	10.34	24.2	27.5
Net Income	955.8	853	888.8	813.8	801	748	665.4	637.7	613.62	545.33	491.89	436.47	427.09	354	299.1	272.26	239.3	224.31	196.89	180.37
Net Income to Common	955.8	853	888.8	813.8	801	748	665.4	637.7	613.62	545.33	491.89	436.47	427.09	354	299.1	272.26	239.3	224.31	196.89	180.37
Net Income Growth	19.33%	14.04%	33.57%	27.62%	30.54%	37.16%	35.28%	46.10%	43.67%	54.05%	64.46%	60.31%	78.48%	57.82%	51.91%	50.95%	30.79%	33.22%	35.98%	30.29%
Shares Outstanding (Basic)	1,258	1,258	1,256	1,260	1,260	1,258	1,255	1,252	1,246	1,241	1,235	1,228	1,225	1,220	1,227	1,232	1,230	1,230	1,223	1,221
Shares Outstanding (Diluted)	1,276	1,277	1,271	1,279	1,283	1,282	1,280	1,279	1,275	1,271	1,266	1,262	1,261	1,258	1,266	1,279	1,279	1,279	1,275	1,274
Shares Change (YoY)	-0.59%	-0.41%	-0.66%	-0.02%	0.63%	0.89%	1.09%	1.35%	1.16%	1.03%	-0.03%	-1.27%	-1.42%	-1.64%	-0.71%	0.36%	0.85%	0.75%	0.52%	-0.40%
EPS (Basic)	0.76	0.68	0.71	0.65	0.64	0.59	0.53	0.51	0.49	0.44	0.40	0.35	0.35	0.29	0.24	0.22	0.20	0.18	0.16	0.15
EPS (Diluted)	0.75	0.67	0.70	0.64	0.62	0.58	0.52	0.50	0.48	0.43	0.39	0.34	0.34	0.28	0.23	0.21	0.19	0.17	0.15	0.14
EPS Growth	20.97%	15.52%	34.62%	28.00%	29.17%	34.88%	34.19%	44.93%	42.22%	52.21%	64.89%	62.35%	80.00%	61.43%	51.61%	49.12%	29.31%	32.07%	35.52%	31.79%
Free Cash Flow	1,262	1,238	1,176	613.3	1,031	1,168	985.8	504.4	526.45	687.77	422.51	368.85	40.47	123.67	92.23	202.26	225.24	226.69	258.9	249.58
Free Cash Flow Growth	22.41%	6.05%	19.30%	21.59%	95.82%	69.75%	133.32%	36.75%	1200.74%	456.15%	358.11%	82.36%	-82.03%	-45.45%	-64.38%	-18.96%	20.50%	6.63%	90.16%	30.16%
Free Cash Flow Per Share	0.99	0.97	0.93	0.48	0.80	0.91	0.77	0.39	0.41	0.54	0.33	0.29	0.03	0.10	0.07	0.16	0.18	0.18	0.20	0.20
Gross Margin	62.86%	64.56%	65.25%	63.65%	63.77%	64.15%	64.91%	63.73%	64.87%	62.43%	60.60%	59.53%	60.26%	60.33%	61.15%	63.15%	63.40%	63.93%	64.21%	63.71%
Operating Margin	41.52%	42.38%	44.73%	42.84%	41.42%	43.37%	41.39%	42.01%	41.54%	39.93%	36.33%	35.86%	36.76%	35.46%	34.50%	31.70%	32.24%	31.16%	31.01%	30.90%
Profit Margin	38.42%	36.95%	40.31%	40.59%	41.49%	41.31%	39.36%	40.58%	39.83%	36.13%	33.72%	32.30%	33.48%	30.08%	28.43%	31.04%	29.02%	29.96%	27.84%	27.02%
FCF Margin	50.72%	53.64%	53.34%	30.59%	53.40%	64.47%	58.32%	32.10%	34.17%	45.56%	28.96%	27.30%	3.17%	10.51%	8.77%	23.06%	27.32%	30.28%	36.60%	37.39%
EBITDA	1,056	1,001	999	872.6	814.9	800.9	715.1	675.8	654.33	619.7	548.38	505.48	486.45	434.5	377.77	291.08	278.26	245.92	231.94	218.95
EBITDA Margin	42.44%	43.38%	45.31%	43.53%	42.21%	44.23%	42.30%	43.01%	42.48%	41.05%	37.59%	37.41%	38.14%	36.92%	35.91%	33.19%	33.75%	32.85%	32.79%	32.80%
EBIT	1,033	978.2	986.2	858.8	799.6	785.3	699.6	660.2	639.97	602.7	530.06	484.58	468.92	417.35	362.85	277.99	265.79	233.29	219.37	206.29
EBIT Margin	41.52%	42.38%	44.73%	42.84%	41.42%	43.37%	41.39%	42.01%	41.54%	39.93%	36.33%	35.86%	36.76%	35.46%	34.50%	31.70%	32.24%	31.16%	31.01%	30.90%
Effective Tax Rate	15.97%	20.81%	17.72%	14.79%	9.90%	15.28%	13.63%	11.77%	11.63%	15.39%	16.12%	12.13%	12.09%	16.54%	17.45%	12.02%	10.47%	4.40%	10.94%	13.23%

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

SEC Filings: 10-K · 10-Q