ARISTA NETWORKS, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | – | – |
| Stockholders' equity | 12,370 | 100.0 |
| Total capitalization | 12,370 | 100.0 |
1,261,224,648 shares outstanding at 30 July 2026 (cover page of the 10-Q filed 5 August 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Not tagged in XBRL |
CAPITAL STOCK 12/31/25
| Common shares authorized | 4,000,000,000 |
| Common shares issued | 1,256,500,000 |
| Par or stated value per share ($) | 0.0001 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/30/26 | 1,261,224,648 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3576, Computer Communications Equipment. Large accelerated filer. Principal executive office: 5453 Great America Parkway, Santa Clara, CA 95054. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 9,006 | 7,003 | 5,860 |
| Cost of revenues | 3,237 | 2,512 | 2,230 |
| Gross profit | 5,769 | 4,491 | 3,630 |
| Research and development | 1,237 | 997 | 855 |
| Depreciation and amortization | 73 | 62 | 71 |
| Operating income | 3,856 | 2,945 | 2,257 |
| Income before income taxes | 4,250 | 3,265 | 2,422 |
| Income taxes | 738 | 413 | 335 |
| Net income | 3,511 | 2,852 | 2,087 |
| Earned per share, diluted ($) | 2.75 | 2.23 | 1.65 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 1,964 | 2,762 |
| Receivables, net | 1,887 | 1,140 |
| Inventories | 2,247 | 1,835 |
| Total current assets | 16,387 | 11,911 |
| Property, plant and equipment, net | 203 | 99 |
| Goodwill | 416 | 268 |
| Total assets | 19,449 | 14,044 |
| Total current liabilities | 5,376 | 2,732 |
| Total liabilities | 7,078 | 4,049 |
| Stockholders' equity | 12,370 | 9,995 |
| Total liabilities and equity | 19,449 | 14,044 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 9,006 | 3,856 | 3,511 | 39.0 | 2.75 | – | 4,372 | 120 | 4,252 | 19,449 | 7,078 | – | 12,370 | 28.4 | – |
| 12/31/24 | 7,003 | 2,945 | 2,852 | 40.7 | 2.23 | – | 3,708 | 32 | 3,676 | 14,044 | 4,049 | – | 9,995 | 28.5 | – |
| 12/31/23 | 5,860 | 2,257 | 2,087 | 35.6 | 1.65 | – | 2,034 | 34 | 2,000 | 9,957 | 2,738 | – | 7,219 | 28.9 | – |
| 12/31/22 | 4,381 | 1,527 | 1,352 | 30.9 | 1.07 | – | 493 | 45 | 448 | 6,775 | 1,890 | – | 4,886 | 27.7 | – |
| 12/31/21 | 2,948 | 925 | 841 | 28.5 | 0.66 | – | 1,016 | 65 | 951 | 5,734 | 1,756 | – | 3,979 | 21.1 | – |
| 12/31/20 | 2,318 | 700 | 635 | 27.4 | 0.50 | – | 735 | 15 | 720 | 4,739 | 1,419 | – | 3,320 | 19.1 | – |
| 12/31/19 | 2,411 | 806 | 860 | 35.7 | 0.67 | – | 963 | 16 | 947 | 4,185 | 1,291 | – | 2,895 | 29.7 | – |
| 12/31/18 | 2,151 | 273 | 328 | 15.3 | 0.25 | – | 503 | 24 | 479 | 3,082 | 939 | – | 2,143 | 15.3 | – |
| 12/31/17 | 1,646 | 470 | 423 | 25.7 | 0.33 | – | 632 | 15 | 616 | 2,461 | 799 | – | 1,662 | 25.5 | – |
| 12/31/16 | 1,129 | 243 | 184 | 16.3 | 0.16 | – | 174 | 21 | 153 | 1,729 | 621 | – | 1,108 | 16.6 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Arista Networks, Inc.
CIK 1596532 · EIN 20-1751121
PRINCIPAL OFFICE:
5453 Great America Parkway, Santa Clara, CA 95054
Tel.: 408-547-5500
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3576 · Computer Communications Equipment
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 17 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/17/26) · 10-K FY2024 (filed 2/19/25) · 10-K FY2023 (filed 2/13/24) · 10-K FY2022 (filed 2/14/23) · 10-K FY2021 (filed 2/15/22) · 10-K FY2020 (filed 2/19/21) · 10-K FY2019 (filed 2/14/20) · 10-K FY2018 (filed 2/15/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.