Arista Networks, Inc. (ANET)
NYSE: ANET · Real-Time Price · USD
186.45
-6.73 (-3.48%)
At close: Aug 19, 2026, 4:00 PM EDT
185.24
-1.21 (-0.65%)
Pre-market: Aug 20, 2026, 8:43 AM EDT
Arista Networks Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Net Income | 1,213 | 1,023 | 955.8 | 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 |
Depreciation & Amortization | 23.4 | 23.3 | 22.8 | 23.2 | 12.8 | 13.8 | 15.3 | 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 |
Loss (Gain) From Sale of Investments | - | - | - | - | - | - | - | - | - | - | -11.13 | 8.78 | -32.52 | 1.35 | -4.76 | 2 | 9.51 | -21.46 | 7.65 | 7.07 |
Stock-Based Compensation | 120.4 | 120.9 | 133.1 | 127.9 | 85.2 | 93 | 100.8 | 98.1 | 79.3 | 77.2 | 81.36 | 85.39 | 67.13 | 62.88 | 64.95 | 65.48 | 50.22 | 50.28 | 51.24 | 53.14 |
Other Operating Activities | -115.4 | -108.3 | -113.1 | 132.9 | -239.7 | -119.2 | -127.1 | -172.4 | -161.4 | -85.6 | -148.69 | -101.44 | -59.12 | -62.02 | -91.22 | -37.74 | -19.49 | -77.29 | -94.34 | 6.75 |
Change in Accounts Receivable | -342.4 | -36.9 | -397.5 | 134.2 | -187.7 | -295.4 | -9.6 | 105.7 | -136.7 | -65.5 | -190.31 | -58.99 | 83.15 | 60.22 | -271.58 | -65.61 | 67.53 | -131.86 | -120.92 | -31.38 |
Change in Inventory | -155.2 | -133 | -91.4 | -96.6 | -101.8 | -122.7 | -64.6 | 83.8 | 171.4 | -80 | -51.64 | -29.2 | -181.63 | -393 | -189.16 | -247.74 | -158.52 | -43.53 | -74.45 | -32.47 |
Change in Accounts Payable | 76.5 | -35.6 | 162.4 | -61.9 | 153.3 | 6.7 | 90.4 | -5.8 | 71 | -207.2 | 164.87 | -81.17 | 20.34 | 94.56 | -42.04 | 2.31 | 68.69 | 2.48 | 67.76 | -11.95 |
Change in Unearned Revenue | 667.3 | 826.2 | 686.3 | 624.3 | 844 | 297.4 | 284.1 | 388.5 | 455.6 | 157 | 311.45 | 109.85 | -7.37 | 51.03 | 100.2 | -92.45 | -95.99 | 187.19 | 128.87 | 54.35 |
Change in Income Taxes | -154.5 | 352.9 | 57.4 | -257.6 | -88.9 | 241.3 | -126.3 | -14.3 | -83.4 | 157.5 | -326 | 148.07 | 89.9 | 108.2 | 2.95 | 30.28 | -96.2 | 106.99 | 0.98 | 5.58 |
Change in Other Net Operating Assets | -250 | -338.9 | -153.9 | -211.2 | -165.9 | -287 | 66.9 | -72.7 | -87.7 | -92.9 | 68.51 | 55.36 | -60.5 | -1.62 | 26.5 | 106.42 | -38.67 | -141.01 | 6.68 | -15.45 |
Operating Cash Flow | 1,083 | 1,694 | 1,262 | 1,268 | 1,200 | 641.7 | 1,031 | 1,175 | 989 | 513.8 | 526.46 | 698.98 | 434.09 | 374.48 | 40.47 | 134.11 | 101.1 | 217.14 | 225.24 | 272.58 |
Operating Cash Flow Growth (YoY) | -9.76% | 163.91% | 22.41% | 7.98% | 21.34% | 24.89% | 95.82% | 68.03% | 127.83% | 37.20% | 1200.78% | 421.22% | 329.38% | 72.46% | -82.03% | -50.80% | -61.61% | -14.74% | 20.50% | 26.71% |
Capital Expenditures | -29.7 | -54.5 | -37 | -30.1 | -24 | -28.4 | -12.4 | -7 | -3.2 | -9.4 | -6.01 | -11.21 | -11.58 | -5.63 | -10.46 | -10.44 | -8.87 | -14.88 | -9.28 | -45.89 |
Cash Acquisitions | - | - | - | - | -300 | - | - | - | - | - | 1.8 | -1.8 | 1.8 | - | - | - | -107.48 | -37.61 | - | -1.42 |
Investment in Securities | -1,510 | -815.8 | -987 | -1,146 | -301.1 | -737.5 | -1,298 | -361.3 | -474.7 | -285.2 | -332.03 | -214.63 | -89.12 | -15.87 | -72.37 | 136.63 | 361.92 | -20.13 | -54.92 | -379.27 |
Other Investing Activities | -40 | 5 | 24.9 | -10 | - | - | - | -5.6 | - | -1 | -0.71 | 1.8 | -4 | -0.25 | - | - | - | - | - | 1.3 |
Investing Cash Flow | -1,580 | -865.3 | -999.1 | -1,186 | -625.1 | -765.9 | -1,310 | -373.9 | -477.9 | -295.6 | -336.96 | -225.84 | -102.91 | -21.75 | -82.83 | 126.19 | 245.57 | -72.62 | -64.2 | -425.28 |
Issuance of Common Stock | 3.5 | 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 |
Repurchase of Common Stock | -5 | -26.2 | -626.3 | -5 | -200.4 | -821.9 | -134.7 | -76.6 | -182.5 | -88.2 | -9.62 | -8.17 | -36.55 | -91.5 | -10 | -54.32 | -489.72 | -148.97 | -181.99 | -138.43 |
Other Financing Activities | - | -3.7 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Financing Cash Flow | -1.5 | - | -625.5 | 20.6 | -197.2 | -793.8 | -130 | -55.6 | -173.1 | -63.1 | -1.33 | 15.21 | -29.23 | -68.4 | -4.66 | -34.24 | -485.89 | -129.81 | -170.9 | -109.16 |
Foreign Exchange Rate Adjustments | -1 | -2.6 | - | -1.6 | 2.6 | 0.7 | -3.7 | 1.6 | -1.1 | -1.6 | 1.61 | -1.36 | 0.12 | 0.31 | 2.48 | -3.05 | -2.56 | -0.48 | -0.3 | -0.85 |
Net Cash Flow | -499.3 | 825.6 | -362.7 | 101.1 | 380.4 | -917.3 | -412.7 | 746.6 | 336.9 | 153.5 | 189.79 | 486.98 | 302.07 | 284.65 | -44.54 | 223.01 | -141.78 | 14.23 | -10.17 | -262.71 |
Free Cash Flow | 1,053 | 1,639 | 1,225 | 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 |
Free Cash Flow Growth (YoY) | -10.44% | 167.24% | 20.27% | 6.05% | 19.30% | 21.59% | 95.69% | 69.75% | 133.32% | 36.75% | 1634.10% | 456.15% | 358.11% | 82.36% | -86.10% | -45.45% | -64.38% | -18.96% | 20.48% | 6.63% |
Free Cash Flow Margin | 34.70% | 60.50% | 49.24% | 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% |
Free Cash Flow Per Share | 0.82 | 1.29 | 0.96 | 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 |
Levered Free Cash Flow | 617.05 | 1,460 | 886.86 | 928.08 | 1,088 | 485.25 | 767.53 | 988.22 | 816.09 | 272.57 | 348.59 | 569.84 | 309.52 | 275.38 | -61.34 | 55.37 | 46.05 | 224.81 | 149.81 | 108.35 |
Unlevered Free Cash Flow | 617.05 | 1,460 | 886.86 | 928.08 | 1,088 | 485.25 | 767.53 | 988.22 | 816.09 | 272.57 | 348.59 | 569.84 | 309.52 | 275.38 | -61.34 | 55.37 | 46.05 | 224.81 | 149.81 | 108.35 |
Cash Income Tax Paid | - | - | 1,096 | - | - | - | 970.6 | - | - | - | 686.16 | - | - | - | 427.85 | - | - | - | 189.77 | - |
Change in Working Capital | -158.3 | 634.7 | 263.3 | 131.2 | 453 | -159.7 | 240.9 | 485.2 | 390.2 | -131.1 | -23.11 | 143.91 | -56.11 | -80.61 | -373.13 | -266.79 | -253.17 | -19.74 | 8.92 | -31.32 |