Arista Networks Inc (ANET)

Arista Networks Income Statement

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

Fiscal Quarter	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	Q4 2020
Period Ending	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	Dec 31, 2020
Revenue	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	648.48
Revenue Growth (YoY)	27.47%	30.43%	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%
Cost of Revenue	818.1	766.2	728.7	699.44	649.2	593.2	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
Gross Profit	1,490	1,439	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
Selling, General & Admin	186	155.9	150.9	146.33	140.6	130.1	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
Research & Development	326	296.5	266.4	285.02	235.8	267.5	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
Operating Expenses	512	452.4	417.3	431.34	376.4	397.6	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
Operating Income	978.2	986.2	858.8	799.65	785.3	699.6	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
Interest & Investment Income	99.8	90.4	90.2	90.35	85.4	71.4	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
Other Non Operating Income (Expenses)	-0.9	3.6	6	11.32	12.2	-0.6	-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
EBT Excluding Unusual Items	1,077	1,080	955	901.33	882.9	770.4	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
Merger & Restructuring Charges	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.6
Gain (Loss) on Sale of Investments	-	-	-	-12.4	-	-	-	-18.7	-0.47	24.74	-5.57	3.36	0.71	-5.08	28.5	-	-	-	-	4.16
Pretax Income	1,077	1,080	955	888.93	882.9	770.4	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
Income Tax Expense	224.1	191.4	141.2	87.93	134.9	105	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
Net Income	853	888.8	813.8	801	748	665.4	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
Net Income to Common	853	888.8	813.8	801	748	665.4	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
Net Income Growth	14.04%	33.57%	27.62%	30.53%	37.16%	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%
Shares Outstanding (Basic)	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	1,214
Shares Outstanding (Diluted)	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	1,268
Shares Change (YoY)	-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%	-1.25%
EPS (Basic)	0.68	0.71	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
EPS (Diluted)	0.67	0.70	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
EPS Growth	15.52%	34.62%	28.00%	29.49%	34.88%	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%
Free Cash Flow	1,238	1,176	613.3	1,019	1,168	985.8	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
Free Cash Flow Per Share	0.97	0.93	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
Gross Margin	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%	63.70%	63.93%
Operating Margin	42.38%	44.73%	42.84%	41.42%	43.36%	41.39%	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%
Profit Margin	36.95%	40.31%	40.59%	41.49%	41.30%	39.36%	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%
Free Cash Flow Margin	53.64%	53.34%	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%
EBITDA	1,001	999	872.6	810.84	800.9	715.1	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
EBITDA Margin	43.38%	45.31%	43.53%	42.00%	44.23%	42.30%	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%
D&A For EBITDA	23.2	12.8	13.8	11.19	15.6	15.5	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
EBIT	978.2	986.2	858.8	799.65	785.3	699.6	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
EBIT Margin	42.38%	44.73%	42.84%	41.42%	43.36%	41.39%	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%
Effective Tax Rate	20.81%	17.72%	14.79%	9.89%	15.28%	13.63%	11.77%	11.63%	15.39%	16.12%	12.13%	12.09%	16.54%	17.45%	12.02%	10.47%	4.41%	10.94%	13.23%	8.60%
Revenue as Reported	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	648.48

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

SEC Filings: 10-K · 10-Q