Arista Networks, Inc. (ANET)

Arista Networks Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2,288	1,964	2,762	1,939	671.71	620.81
Short-Term Investments	12,071	8,779	5,541	3,069	2,352	2,788
Cash & Short-Term Investments	14,359	10,743	8,304	5,008	3,024	3,408
Cash Growth	42.08%	29.38%	65.81%	65.62%	-11.28%	18.64%
Receivables	2,328	1,887	1,141	1,034	923.1	516.51
Inventory	3,210	2,247	1,835	1,945	1,452	696.43
Prepaid Expenses	649.5	313	341	412.52	152.17	18.53
Other Current Assets	1,586	1,197	291.3	-	-	172.89
Total Current Assets	22,132	16,387	11,911	8,400	5,551	4,813
Property, Plant & Equipment	378.8	203.1	98.8	157.47	148.4	143.82
Long-Term Investments	-	-	-	62.29	39.47	20.25
Goodwill	416.1	416.1	268.5	268.53	265.92	188.4
Other Intangible Assets	-	288.8	62	88.77	122.21	93.56
Long-Term Deferred Tax Assets	1,438	1,774	1,440	945.79	574.91	442.3
Other Long-Term Assets	899.2	380	263.3	33.72	73.75	33.44
Total Assets	25,264	19,449	14,044	9,957	6,775	5,734

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	682.6	651.7	381.1	435.06	232.57	202.64
Accrued Expenses	640.8	475.4	435.3	407.3	292.49	216.23
Current Portion of Leases	-	22.1	-	21.11	19.88	20.3
Current Unearned Revenue	5,102	4,117	1,793	974.4	682.63	632.28
Other Current Liabilities	296.4	110.7	122.8	81.56	65.96	38.39
Total Current Liabilities	6,722	5,377	2,732	1,919	1,294	1,110
Long-Term Leases	-	68.4	-	44.41	43.96	56.53
Long-Term Unearned Revenue	1,737	1,506	1,159	665.04	462.06	390.42
Long-Term Deferred Tax Liabilities	-	-	-	-	0.04	129.07
Other Long-Term Liabilities	358.1	127.3	157.7	108.69	89.99	69.98
Total Liabilities	8,817	7,078	4,049	2,738	1,890	1,756

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.1	0.1	0.1	0.13	0.03	0.03
Additional Paid-In Capital	3,304	2,912	2,465	2,108	1,781	1,530
Retained Earnings	13,243	9,447	7,543	5,114	3,139	2,457
Comprehensive Income & Other	-101	12	-13.2	-3.33	-33.91	-8.3
Shareholders' Equity	16,447	12,371	9,995	7,219	4,886	3,979
Total Liabilities & Equity	25,264	19,449	14,044	9,957	6,775	5,734

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	-	90.5	-	65.52	63.84	76.83
Net Cash (Debt)	14,359	10,653	8,304	4,942	2,960	3,331
Net Cash Growth	42.08%	28.29%	68.00%	66.98%	-11.15%	19.72%
Net Cash Per Share	11.25	8.35	6.48	3.90	2.34	2.61
Filing Date Shares Outstanding	1,263	1,257	1,261	1,251	1,226	1,231
Total Common Shares Outstanding	1,263	1,257	1,261	1,249	1,228	1,231
Working Capital	15,410	11,011	9,179	6,481	4,257	3,703
Book Value Per Share	13.02	9.85	7.92	5.78	3.98	3.23
Tangible Book Value	16,031	11,666	9,664	6,862	4,498	3,697
Tangible Book Value Per Share	12.69	9.28	7.66	5.49	3.66	3.00
Land	47.3	47.3	47.2	44.65	41.5	40.15
Machinery	301.3	258.2	228.1	206.19	178.13	138.63
Construction In Progress	264	107.9	8.2	4.24	2.12	2.38
Leasehold Improvements	38.3	38.4	34.7	34.58	30.1	30.5

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 6, 2026

Data Sources Report a data error