Arista Networks, Inc. (ANET)
NYSE: ANET · Real-Time Price · USD
169.67
+4.74 (2.87%)
At close: Jun 18, 2026, 4:00 PM EDT
169.10
-0.57 (-0.34%)
After-hours: Jun 18, 2026, 7:59 PM EDT
Arista Networks Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q1 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 |
Net Income | 1,023 | 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 |
Depreciation & Amortization | 23.3 | 22.8 | 23.2 | 12.8 | 13.8 | 15.3 | 15.6 | 15.5 | 15.6 | 14.37 | 17.01 | 18.32 | 20.91 | 17.53 | 17.16 | 14.92 | 13.09 | 12.47 | 12.63 | 12.58 |
Stock-Based Compensation | 120.9 | 133.1 | 127.9 | 85.2 | 93 | 100.8 | 98.1 | 79.3 | 77.2 | 81.4 | 85.39 | 67.13 | 62.88 | 64.95 | 65.48 | 50.22 | 50.28 | 51.24 | 53.14 | 44.94 |
Other Adjustments | -108.3 | -113.1 | 132.9 | -239.7 | -119.2 | -127.1 | -148.2 | -161.4 | -85.6 | -182.23 | -97.59 | -71.98 | -65.17 | -97.43 | -35.03 | -26.77 | -98.75 | -86.69 | 13.83 | 6.42 |
Change in Receivables | -36.9 | -397.5 | 134.2 | -187.7 | -295.4 | -9.6 | 105.7 | -136.7 | -65.5 | -190.28 | -53.65 | 83.15 | 60.22 | -272 | -65.61 | 67.53 | -131.86 | -120.92 | -31.38 | 16.25 |
Changes in Inventories | -133 | -91.4 | -96.6 | -101.8 | -122.7 | -64.6 | 83.8 | 171.4 | -80 | -51.67 | -29.2 | -181.63 | -393 | -189.16 | -247.74 | -158.52 | -43.53 | -74.45 | -32.47 | -60.03 |
Changes in Accounts Payable | -35.6 | 162.4 | -61.9 | 153.3 | 6.7 | 90.4 | -5.8 | 71 | -207.2 | 164.86 | -81.17 | 20.34 | 94.56 | -42.04 | 2.31 | 68.69 | 2.48 | 67.76 | -11.95 | 8.05 |
Changes in Accrued Expenses | - | - | - | - | - | - | - | - | - | - | 47.06 | 11.76 | 58.66 | - | 30.9 | 13.46 | -29.67 | - | 11.29 | 40.78 |
Changes in Income Taxes Payable | 352.9 | 57.4 | -257.6 | -88.9 | 241.3 | -126.3 | -14.3 | -83.4 | 157.5 | -325.97 | 148.07 | 89.9 | 108.2 | 2.95 | 30.28 | -96.2 | 106.99 | 9.79 | 5.58 | 1.29 |
Changes in Unearned Revenue | 826.2 | 686.3 | 624.3 | 844 | 297.4 | 284.1 | 388.5 | 455.6 | 157 | 311.5 | 109.85 | -7.37 | 51.03 | 100.2 | -92.45 | -95.99 | 187.19 | 128.87 | 54.35 | 26.06 |
Changes in Other Operating Activities | -338.9 | -153.9 | -211.2 | -165.9 | -287 | 66.9 | -72.7 | -87.7 | -92.9 | 185.95 | 2.95 | -72.26 | -60.28 | -25.39 | 75.52 | -1.98 | -111.34 | 9.18 | -26.74 | -29.86 |
Operating Cash Flow | 1,694 | 1,262 | 1,268 | 1,200 | 641.7 | 1,031 | 1,175 | 989 | 513.8 | 526.45 | 698.98 | 434.09 | 374.48 | 40.47 | 134.11 | 101.1 | 217.14 | 225.24 | 272.58 | 263.37 |
Operating Cash Flow Growth | 163.91% | 22.41% | 7.98% | 21.34% | 24.89% | 95.82% | 68.03% | 127.83% | 37.20% | 1200.74% | 421.22% | 329.38% | 72.46% | -82.03% | -50.80% | -61.61% | -14.74% | 20.50% | 26.71% | 90.55% |
Capital Expenditures | -54.5 | - | -30.1 | -24 | -28.4 | - | -7 | -3.2 | -9.4 | - | -11.21 | -11.58 | -5.63 | - | -10.44 | -8.87 | -14.88 | - | -45.89 | -4.47 |
Purchases of Investments | -1,933 | -1,932 | -2,111 | -1,160 | -1,546 | -1,933 | -844.1 | -836.9 | -912.4 | -672.74 | -542.14 | -534.41 | -861.86 | -445.37 | -332.51 | -229.37 | -424.31 | -351.66 | -737.8 | -655.27 |
Proceeds from Sale of Investments | 1,117 | 945.1 | 964.6 | 859.1 | 808 | 635.2 | 482.8 | 362.2 | 627.2 | 340.67 | 327.5 | 441.28 | 845.75 | 373 | 469.14 | 591.28 | 404.18 | 296.74 | 358.52 | 440.2 |
Payments for Business Acquisitions | - | 0 | 0 | -150 | - | - | - | - | - | 0 | 0 | 0.9 | - | 0 | 0 | -107.48 | -37.61 | 1.3 | -1.42 | 1.4 |
Other Investing Activities | 5 | 24.9 | -10 | - | - | 0 | -5.6 | 0 | -1 | -0.75 | - | - | - | - | - | - | - | - | - | - |
Investing Cash Flow | -865.3 | -999.1 | -1,186 | -625.1 | -765.9 | -1,310 | -373.9 | -477.9 | -295.6 | -337 | -225.84 | -102.91 | -21.75 | -82.83 | 126.19 | 245.57 | -72.62 | -64.2 | -425.28 | -218.13 |
Issuance of Common Stock | 29.9 | 0.8 | 25.6 | 3.2 | 28.1 | 4.7 | 21 | 9.4 | 25.1 | 8.3 | 23.39 | 7.31 | 23.1 | 5.34 | 20.08 | 3.83 | 19.16 | 11.09 | 29.27 | 8.8 |
Repurchase of Common Stock | -26.2 | -626.3 | -5 | -200.4 | -821.9 | -134.7 | -76.6 | -182.5 | -88.2 | -9.68 | -8.17 | -36.55 | -91.5 | -10 | -54.32 | -489.72 | -148.97 | -181.99 | -138.43 | -3.86 |
Net Common Stock Issued (Repurchased) | 3.7 | -625.5 | 20.6 | -197.2 | -793.8 | -130 | -55.6 | -173.1 | -63.1 | -1.38 | 15.21 | -29.23 | -68.4 | -4.66 | -34.24 | -485.89 | -129.81 | -170.9 | -109.16 | 4.95 |
Other Financing Activities | -3.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Financing Cash Flow | 0 | -625.5 | 20.6 | -197.2 | -793.8 | -130 | -55.6 | -173.1 | -63.1 | -1.38 | 15.21 | -29.23 | -68.4 | -4.66 | -34.24 | -485.89 | -129.81 | -170.9 | -109.16 | 4.95 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -2.6 | 0 | -1.6 | 2.6 | 0.7 | -3.7 | 1.68 | -1.1 | -1.6 | 1.61 | -1.36 | 0.12 | 0.31 | 2.48 | -3.05 | -2.56 | -0.48 | -0.3 | -0.85 | 0.17 |
Net Cash Flow | 825.6 | -362.7 | 101.1 | 380.4 | -917.3 | -412.7 | 746.6 | 336.9 | 153.5 | 189.8 | 486.98 | 302.07 | 284.65 | -44.54 | 223.01 | -141.78 | 14.23 | -10.17 | -262.71 | 50.35 |
Free Cash Flow | 1,639 | 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 |
Free Cash Flow Growth | 167.24% | 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% |
FCF Margin | 60.50% | 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% |
Free Cash Flow Per Share | 1.29 | 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 |
Levered Free Cash Flow | 1,663 | 1,639 | 843.1 | 1,518 | 934.9 | 1,067 | 1,136 | 1,205 | 578.3 | 912.65 | 748.68 | 359.37 | 310.92 | 291.18 | 159.54 | 34.61 | 382.6 | 392.91 | 191.11 | 191.28 |
Unlevered Free Cash Flow | 1,572 | 1,552 | 764.78 | 1,441 | 852.92 | 986.25 | 1,053 | 1,143 | 523.07 | 864.57 | 713.3 | 312.11 | 300.25 | 276.3 | 153.85 | 35.05 | 354.9 | 391.56 | 189.82 | 189.75 |