Arista Networks, Inc. (ANET)

Arista Networks Balance Sheet

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
Cash & Equivalents	1,964	2,327	2,226	1,845	2,762	3,175	2,429	2,092	1,939	1,749	1,262	956.34	671.71	716.25	493.25	635.03	620.81	630.98	893.69	843.34
Short-Term Investments	8,779	7,780	6,619	6,305	5,541	4,253	3,845	3,358	3,069	2,707	2,479	2,375	2,352	2,264	2,409	2,789	2,788	2,755	2,388	2,184
Cash & Short-Term Investments	10,743	10,106	8,844	8,150	8,304	7,428	6,274	5,450	5,008	4,456	3,741	3,331	3,024	2,980	2,902	3,424	3,408	3,386	3,282	3,028
Cash Growth	29.38%	36.05%	40.97%	49.54%	65.81%	66.72%	67.70%	63.60%	65.62%	49.51%	28.92%	-2.71%	-11.28%	-12.00%	-11.57%	13.09%	18.64%	19.00%	17.97%	14.82%
Accounts Receivable	1,887	1,489	1,624	1,436	1,141	1,131	1,227	1,090	1,034	833.37	779.73	862.88	923.1	651.51	585.79	648.61	516.51	395.59	364.21	380.47
Inventory	2,247	2,156	2,059	1,957	1,835	1,770	1,854	2,025	1,945	1,894	1,864	1,683	1,290	1,101	852.81	694.22	650.12	575.67	543.2	483.17
Other Current Assets	1,510	1,434	976.4	733.5	632.3	548.69	487.79	361.34	412.52	472.48	466.37	393.83	314.22	299.55	388.7	338.44	237.74	166.22	139.28	111.6
Total Current Assets	16,387	15,185	13,504	12,276	11,911	10,878	9,842	8,926	8,400	7,655	6,852	6,271	5,551	5,032	4,729	5,105	4,813	4,524	4,328	4,003
Net Property, Plant & Equipment	203.1	172.6	152.3	123.9	98.8	93.03	96.28	97.95	101.58	161.48	163.04	161.16	95.01	154.65	153.69	154.06	143.82	144.75	102.86	105.42
Other Intangible Assets	-	-	-	56.4	-	337.23	75.39	82.08	357.3	95.46	103.58	112.89	122.21	131.52	140.84	105.24	93.56	100.71	108	115.36
Goodwill	416.1	416.2	416.5	268.5	268.5	-	268.53	268.53	-	268.53	268.53	265.92	265.92	271.02	273.49	216.92	188.4	188.4	188.28	188.28
Long-Term Investments	-	-	-	-	-	-	-	-	-	62.29	61.79	39.4	-	39.68	38.26	38.63	20.25	18.25	13.65	10.31
Other Long-Term Assets	2,442	2,275	2,462	1,790	1,766	1,539	1,341	1,175	1,098	826.28	737.55	693.16	741.52	533.46	489.07	488.17	475.74	461.29	467.11	471.47
Total Assets	19,449	18,049	16,534	14,515	14,044	12,847	11,623	10,550	9,957	9,069	8,186	7,543	6,775	6,162	5,825	6,108	5,734	5,437	5,208	4,894
Accounts Payable	651.7	481	543.9	389.1	381.1	289.16	297.83	223.31	435.06	268.97	351.92	330.17	232.57	278.47	275.09	204.68	202.64	135.25	145.16	136.89
Accrued Expenses	475.4	471	380.7	263.1	435.3	323.99	320.07	270.59	407.3	410.07	363.04	351.76	292.49	240.61	210.33	197.06	226.64	174.43	163.25	122.47
Unearned Revenue	4,003	3,521	2,788	2,073	1,727	1,600	1,329	997.91	915.2	698.68	624.21	671.7	637.43	607.19	697.76	778.44	593.58	511.35	482.11	457.8
Other Current Liabilities	246.8	193.9	339.2	147.6	188.5	221.63	214.53	291.26	161.87	469.01	316.63	231.27	131.04	128.65	94.84	188.83	86.97	72.36	69.42	69.38
Total Current Liabilities	5,377	4,667	4,051	3,122	2,732	2,434	2,162	1,783	1,919	1,847	1,656	1,585	1,294	1,255	1,278	1,369	1,110	893.39	859.94	786.53
Long-Term Leases	-	-	-	-	-	-	-	-	-	48.04	51.7	55.29	-	47.07	51.79	57.47	56.53	61.63	64.3	67.77
Other Long-Term Liabilities	1,702	1,475	1,581	1,523	1,317	1,166	1,031	904.8	818.14	668.71	620.97	573.69	596.06	474.81	488.93	528.53	589.47	617.08	586.21	588.09
Total Long-Term Liabilities	1,702	1,475	1,581	1,523	1,317	1,166	1,031	904.8	818.14	716.76	672.67	628.98	596.06	521.88	540.73	586	646	678.7	650.5	655.86
Total Liabilities	7,078	6,142	5,633	4,396	4,049	3,601	3,192	2,688	2,738	2,563	2,328	2,214	1,890	1,777	1,819	1,955	1,756	1,572	1,510	1,442
Common Stock	0.1	0.1	0.1	0.1	0.1	0.03	0.03	0.03	0.13	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.01	0.01	0.01
Additional Paid-in Capital	2,912	2,784	2,636	2,552	2,465	2,371	2,263	2,185	2,108	2,028	1,928	1,857	1,781	1,718	1,639	1,591	1,530	1,474	1,395	1,346
Accumulated Other Comprehensive Income	12	7.8	3.8	-1.9	-13.2	9.59	-15.06	-11.93	-3.33	-23.17	-25.21	-21.51	-33.91	-47.13	-41.32	-30.5	-8.3	-2	-1.14	-0.86
Retained Earnings	9,447	9,115	8,262	7,569	7,543	6,865	6,182	5,689	5,114	4,500	3,955	3,493	3,139	2,715	2,408	2,593	2,457	2,394	2,304	2,107
Shareholders' Equity	12,371	11,907	10,902	10,119	9,995	9,246	8,431	7,862	7,219	6,506	5,858	5,329	4,886	4,385	4,006	4,153	3,979	3,865	3,698	3,451
Total Liabilities & Equity	19,449	18,049	16,534	14,515	14,044	12,847	11,623	10,550	9,957	9,069	8,186	7,543	6,775	6,162	5,825	6,108	5,734	5,437	5,208	4,894
Total Debt	0	0	0	0	0	0	0	0	0	48.04	51.7	55.29	0	47.07	51.79	57.47	56.53	61.63	64.3	67.77
Net Cash (Debt)	10,743	10,106	8,844	8,150	8,304	7,428	6,274	5,450	5,008	4,408	3,689	3,276	3,024	2,933	2,850	3,366	3,352	3,325	3,217	2,960
Net Cash Growth	29.38%	36.05%	40.97%	49.54%	65.81%	68.54%	70.05%	66.36%	65.62%	50.28%	29.45%	-2.69%	-9.79%	-11.79%	-11.42%	13.73%	19.69%	19.99%	18.83%	15.69%
Net Cash Per Share	8.42	7.92	6.96	6.37	6.47	5.79	4.90	4.26	3.93	3.47	2.91	2.60	2.40	2.33	2.25	2.63	2.62	2.60	2.52	2.32
Book Value	12,371	11,907	10,902	10,119	9,995	9,246	8,431	7,862	7,219	6,506	5,858	5,329	4,886	4,385	4,006	4,153	3,979	3,865	3,698	3,451
Book Value Per Share	9.70	9.33	8.58	7.91	7.79	7.21	6.59	6.15	5.66	5.12	4.63	4.22	3.88	3.49	3.16	3.25	3.11	3.02	2.90	2.71
Tangible Book Value	11,954	11,491	10,485	9,794	9,726	8,909	8,087	7,512	6,862	6,142	5,485	4,950	4,498	3,983	3,591	3,831	3,697	3,576	3,402	3,148
Tangible Book Value Per Share	9.37	9.00	8.25	7.66	7.58	6.95	6.32	5.87	5.38	4.83	4.33	3.92	3.57	3.17	2.84	3.00	2.89	2.80	2.67	2.47

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

SEC Filings: 10-K · 10-Q