Arista Networks Inc (ANET)

Arista Networks Income Statement

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

Fiscal Quarter	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	Q4 2020	Q3 2020	Q2 2020
Period Ending	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Revenue	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	648.48	605.43	540.57
Revenue Growth (YoY)	27.58%	25.32%	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%	17.36%	-7.49%	-11.14%
Cost of Revenue	728.7	699.44	649.22	593.19	570	541.21	567.04	574.8	546.84	506.95	466.82	408.63	323.22	301.75	270.08	253.14	242.29	233.9	220.47	196.48
Gross Profit	1,276	1,231	1,162	1,097	1,001	999.23	942.42	884.13	804.51	768.61	709.98	643.27	553.85	522.71	478.62	454.18	425.27	414.58	384.96	344.09
Selling, General & Admin	150.9	146.33	140.64	130.16	132.8	147.83	127.37	124.39	118.52	109.26	104.83	102.25	103.85	99.05	92.23	91.52	86.49	79.5	68.52	65.56
Research & Development	266.4	285.02	235.82	267.48	208.4	211.48	212.35	229.68	201.41	190.42	187.81	178.16	172.01	157.88	153.09	143.29	132.49	133.85	128.05	111.54
Operating Expenses	417.3	431.34	376.47	397.64	341.2	359.31	339.72	354.07	319.93	299.69	292.63	280.41	275.86	256.93	245.32	234.81	218.98	213.35	196.57	177.1
Operating Income	858.8	799.65	785.25	699.57	660.2	639.91	602.7	530.06	484.58	468.92	417.35	362.85	277.99	265.79	233.29	219.37	206.29	201.24	188.4	166.99
Interest & Investment Income	90.2	90.35	85.37	71.45	63.8	54.03	43.68	32.21	22.51	13.77	6.93	4.43	2.43	1.66	1.64	1.87	2.05	2.49	4.32	8.67
Other Non Operating Income (Expenses)	6	11.32	-0.11	-0.59	-1.2	19.15	-1.39	-0.61	-4.79	-0.21	-0.82	0.12	0.56	-0.16	-0.29	-0.15	-0.47	-1.11	-0.53	-0.41
EBT Excluding Unusual Items	955	901.33	870.51	770.44	722.8	713.09	644.98	561.66	502.3	482.49	423.46	367.4	280.97	267.29	234.64	221.08	207.87	202.62	192.19	175.25
Merger & Restructuring Charges	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.6	-	-
Gain (Loss) on Sale of Investments	-	-12.4	12.4	-	-	-18.7	-0.47	24.74	-5.57	3.36	0.71	-5.08	28.5	-	-	-	-	4.16	9.43	-
Pretax Income	955	888.93	882.91	770.44	722.8	694.39	644.51	586.4	496.72	485.85	424.16	362.32	309.47	267.29	234.64	221.08	207.87	200.18	201.62	175.25
Income Tax Expense	141.2	87.93	134.97	105.01	85.1	80.76	99.18	94.52	60.25	58.76	70.17	63.22	37.21	27.99	10.34	24.2	27.5	17.22	33.24	30.45
Net Income	813.8	801	747.94	665.43	637.7	613.64	545.33	491.89	436.47	427.09	354	299.1	272.26	239.3	224.31	196.89	180.37	182.96	168.38	144.79
Net Income to Common	813.8	801	747.94	665.43	637.7	613.64	545.33	491.89	436.47	427.09	354	299.1	272.26	239.3	224.31	196.89	180.37	182.96	168.38	144.79
Net Income Growth	27.62%	30.53%	37.15%	35.28%	46.10%	43.68%	54.05%	64.46%	60.31%	78.48%	57.82%	51.91%	50.95%	30.79%	33.22%	35.98%	30.29%	-29.82%	-19.40%	-23.49%
Shares Outstanding (Basic)	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	1,214	1,216	1,213
Shares Outstanding (Diluted)	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	1,268	1,269	1,269
Shares Change (YoY)	-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%	-1.25%	-1.78%	-2.50%
EPS (Basic)	0.65	0.64	0.59	0.53	0.51	0.49	0.44	0.40	0.36	0.35	0.29	0.24	0.22	0.19	0.18	0.16	0.15	0.15	0.14	0.12
EPS (Diluted)	0.64	0.63	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	0.15	0.13	0.11
EPS Growth	28.00%	29.49%	35.47%	34.19%	44.93%	43.26%	52.21%	64.89%	62.35%	82.71%	61.43%	51.61%	49.12%	27.53%	32.07%	35.49%	31.82%	-28.48%	-18.01%	-21.30%
Free Cash Flow	613.3	1,019	1,167	985.85	504.4	520.45	687.77	422.51	368.85	30.01	123.67	92.23	202.26	215.96	226.69	258.9	249.58	179.24	212.6	136.15
Free Cash Flow Per Share	0.48	0.79	0.91	0.77	0.39	0.41	0.54	0.33	0.29	0.02	0.10	0.07	0.16	0.17	0.18	0.20	0.20	0.14	0.17	0.11
Gross Margin	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%	63.70%	63.93%	63.59%	63.65%
Operating Margin	42.84%	41.42%	43.36%	41.38%	42.01%	41.54%	39.93%	36.33%	35.86%	36.76%	35.47%	34.49%	31.70%	32.24%	31.16%	31.01%	30.90%	31.03%	31.12%	30.89%
Profit Margin	40.59%	41.49%	41.30%	39.37%	40.58%	39.84%	36.13%	33.72%	32.30%	33.48%	30.08%	28.43%	31.04%	29.02%	29.96%	27.84%	27.02%	28.21%	27.81%	26.78%
Free Cash Flow Margin	30.59%	52.76%	64.47%	58.32%	32.10%	33.79%	45.56%	28.96%	27.30%	2.35%	10.51%	8.77%	23.06%	26.19%	30.28%	36.60%	37.39%	27.64%	35.12%	25.19%
EBITDA	872.6	810.84	796.6	707	675.8	654.31	619.7	552.89	500.98	486.45	434.5	377.77	291.08	278.26	245.92	231.94	218.95	213.85	199.2	177.95
EBITDA Margin	43.53%	42.00%	43.99%	41.82%	43.01%	42.48%	41.05%	37.90%	37.07%	38.14%	36.92%	35.91%	33.19%	33.75%	32.85%	32.79%	32.80%	32.98%	32.90%	32.92%
D&A For EBITDA	13.8	11.19	11.35	7.42	15.6	14.4	17.01	22.83	16.4	17.53	17.16	14.92	13.09	12.47	12.63	12.58	12.66	12.62	10.81	10.96
EBIT	858.8	799.65	785.25	699.57	660.2	639.91	602.7	530.06	484.58	468.92	417.35	362.85	277.99	265.79	233.29	219.37	206.29	201.24	188.4	166.99
EBIT Margin	42.84%	41.42%	43.36%	41.38%	42.01%	41.54%	39.93%	36.33%	35.86%	36.76%	35.47%	34.49%	31.70%	32.24%	31.16%	31.01%	30.90%	31.03%	31.12%	30.89%
Effective Tax Rate	14.79%	9.89%	15.29%	13.63%	11.77%	11.63%	15.39%	16.12%	12.13%	12.09%	16.54%	17.45%	12.02%	10.47%	4.41%	10.94%	13.23%	8.60%	16.49%	17.38%
Revenue as Reported	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	648.48	605.43	540.57

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

SEC Filings: 10-K · 10-Q