Arista Networks, Inc.

ANET
Computer communications equipment
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
Export XLSX
Statement
Income StatementBalance SheetCash Flow
Period
Annual Quarterly
Order

25 more quarters with Pro

Arista Networks, Inc. back to 2014, every line as filed.

Create a free account
USD ($)
$ in Thousands 		Jun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025Mar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Sep 30, 2023Jun 30, 2023Mar 31, 2023Sep 30, 2022Jun 30, 2022Mar 31, 2022Sep 30, 2021Jun 30, 2021Mar 31, 2021Sep 30, 2020Jun 30, 2020Mar 31, 2020Sep 30, 2019Jun 30, 2019Mar 31, 2019Sep 30, 2018Jun 30, 2018Mar 31, 2018Sep 30, 2017Jun 30, 2017Mar 31, 2017Sep 30, 2016Jun 30, 2016Mar 31, 2016Sep 30, 2015Jun 30, 2015Mar 31, 2015Sep 30, 2014Jun 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
                                     
Net income
$ 1,212,900
$ 1,022,900
$ 853,000
$ 888,800
$ 813,800
$ 747,938
$ 665,428
$ 637,692
$ 545,327
$ 491,885
$ 436,473
$ 353,999
Adjustments to reconcile net income to net cash provided by operating activities:
                                     
Depreciation and amortization
23,400
23,300
23,200
12,800
13,800
15,538
15,498
15,614
17,006
18,322
20,905
17,157
Stock-based compensation
120,400
120,900
127,900
85,200
93,000
98,123
79,292
77,215
85,390
67,127
62,881
65,477
Noncash lease expense
-
-
-
-
-
-
4,712
4,580
4,461
4,521
4,633
4,676
Deferred income taxes
(108,200)
(104,900)
135,400
(230,800)
(107,100)
(148,266)
(150,638)
(77,822)
(87,202)
(59,134)
(71,153)
(42,418)
Gain on strategic investments
-
-
-
-
-
-
0
0
473
-
-
-
Gain on sale of marketable securities
-
-
-
-
-
-
-
-
-
-
-
-
Unrealized gain on equity investments
-
-
-
-
-
-
-
-
-
(24,743)
5,571
(708)
Amortization (accretion) of investment premiums (discounts)
-
-
-
-
-
(16,766)
(15,425)
(12,418)
(10,391)
(7,778)
(4,220)
2,710
Other
(7,200)
(3,400)
(2,500)
(8,900)
(12,100)
1,921
-
-
-
-
-
-
Provision for bad debts
-
-
-
-
-
-
-
-
-
-
-
-
Amortization of debt discount
-
-
-
-
-
-
-
-
-
-
-
-
Excess tax benefit on stock-based compensation
-
-
-
-
-
-
-
-
-
-
-
-
Amortization of investment premiums
-
-
-
-
-
-
-
-
-
-
-
-
Changes in operating assets and liabilities:
                                     
Accounts receivable, net
(342,400)
(36,900)
134,200
(187,700)
(295,400)
105,727
(136,754)
(65,472)
(53,648)
83,149
60,221
(65,612)
Inventories
(155,200)
(133,000)
(96,600)
(101,800)
(122,700)
83,814
171,428
(80,024)
(29,204)
(181,631)
(392,997)
(247,740)
Other assets
(321,000)
(298,700)
(280,500)
(289,500)
(113,700)
(80,542)
(130,659)
38,082
2,242
(120,864)
-
-
Prepaid expenses and other current assets
-
-
-
-
-
-
-
-
-
-
(82,278)
89,153
Other assets
-
-
-
-
-
-
-
-
-
-
26,361
(12,356)
Accounts payable
76,500
(35,600)
(61,900)
153,300
6,700
(5,769)
70,998
(207,234)
(81,165)
20,341
94,564
2,311
Accrued liabilities
-
-
-
-
-
2,498
49,491
(136,554)
47,063
11,763
58,655
30,900
Accrued legal settlement
-
-
-
-
-
-
-
-
-
-
-
-
Deferred revenue
667,300
826,200
624,300
844,000
297,400
388,545
455,544
157,038
109,847
(7,370)
51,028
(92,446)
Income taxes, net
(154,500)
352,900
(257,600)
(88,900)
241,300
(14,304)
(83,470)
157,537
148,070
89,900
108,200
-
Interest payable
-
-
-
-
-
-
-
-
-
-
-
-
Interest payable—related party
-
-
-
-
-
-
-
-
-
-
-
-
Income taxes payable
-
-
-
-
-
-
-
-
-
-
-
30,282
Other liabilities
71,000
(40,200)
69,300
123,600
(173,300)
5,291
(6,434)
5,571
708
(7,315)
(4,361)
(1,280)
Net cash provided by operating activities
1,083,000
1,693,500
1,268,200
1,200,100
641,700
1,174,456
989,011
513,805
698,977
434,090
374,483
134,105
CASH FLOWS FROM INVESTING ACTIVITIES:
                                     
Proceeds from maturities of marketable securities
768,700
739,900
939,100
852,000
799,200
474,776
362,136
590,436
299,645
441,284
824,021
448,107
Investments in privately-held companies and intangibles
-
-
-
-
-
-
-
-
-
-
-
-
Escrow receipts from past business acquisitions
-
-
-
-
-
-
-
-
-
-
-
-
Sale (purchase) of investments in privately-held companies and intangible assets
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from investments in privately-held companies
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from sale of marketable securities
117,500
376,900
25,500
7,100
8,800
8,115
-
36,750
27,859
-
21,725
21,036
Purchases of marketable securities
(2,396,300)
(1,932,600)
(2,110,600)
(1,160,200)
(1,545,500)
(844,110)
(836,867)
(912,441)
(542,136)
(530,408)
(861,612)
(331,510)
Purchases of property and equipment
(29,700)
(54,500)
(30,100)
(24,000)
(28,400)
(7,025)
(3,160)
(9,395)
(11,212)
(11,581)
(5,631)
(10,440)
Other
(40,000)
5,000
(10,000)
-
(0)
(6,628)
-
-
-
-
-
-
Cash paid for business combinations, net of cash acquired
-
-
-
(300,000)
-
-
-
-
-
1,799
0
-
Investments in notes and privately-held companies
-
-
-
-
-
-
-
(1,000)
-
(4,250)
-
-
Investments and notes receivable in privately-held companies
-
-
-
-
-
-
-
-
-
-
(250)
(12,691)
Purchases of investments in privately-held companies
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from (purchases of) investments in privately-held companies
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from repayment of notes receivable
-
-
-
-
-
-
-
-
-
-
-
-
Change in restricted cash
-
-
-
-
-
-
-
-
-
-
-
-
Purchases of intangible assets
-
-
-
-
-
-
-
-
-
-
-
-
Investment in privately-held companies
-
-
-
-
-
-
-
-
-
-
-
-
Net cash used in investing activities
(1,579,800)
(865,300)
(1,186,100)
(625,100)
(765,900)
(373,872)
(477,891)
(295,650)
(225,844)
(102,906)
(21,747)
126,193
CASH FLOWS FROM FINANCING ACTIVITIES:
                                     
Principal payments of lease financing obligations
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from issuance of common stock under equity plans
3,500
29,900
25,600
3,200
28,100
20,984
9,373
25,144
23,387
7,314
23,096
20,082
Payments—deferred offering costs
-
-
-
-
-
-
-
-
-
-
-
-
Proceeds from issuance of common stock under equity plans
-
-
-
-
-
-
-
-
-
-
-
-
Tax withholding paid on behalf of employees for net share settlement
(5,000)
(26,200)
(5,000)
(4,500)
(34,800)
(11,453)
(10,458)
(25,541)
(8,173)
(6,542)
(9,224)
(6,740)
Repurchases of common stock
-
(0)
-
(195,900)
(787,100)
(65,157)
(172,013)
(62,653)
-
(30,004)
(82,275)
(47,582)
Other
-
(3,700)
-
-
-
-
-
-
-
-
-
-
Proceeds from issuance of common stock under employee stock purchase plan
-
-
-
-
-
-
-
-
-
-
-
-
Excess tax benefit on stock-based compensation
-
-
-
-
-
-
-
-
-
-
-
-
Issuance costs from initial public offering
-
-
-
-
-
-
-
-
-
-
-
-
Net cash used in financing activities
(1,500)
0
20,600
(197,200)
(793,800)
(55,626)
(173,098)
(63,050)
15,214
(29,232)
(68,403)
(34,240)
Effect of exchange rate changes
(1,000)
(2,600)
(1,600)
2,600
700
1,681
(1,084)
(1,608)
(1,363)
115
314
(3,049)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
(499,300)
825,600
101,100
380,400
(917,300)
746,639
336,938
153,497
486,984
302,067
284,647
223,009
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-
-
-
-
-
-
-
-
-
-
-
-
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
                                     
Cash paid for income taxes, net of refunds
-
-
-
-
-
-
-
-
-
-
-
-
Cash paid for interest—lease financing obligation
-
-
-
-
-
-
-
-
-
-
-
-
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:
                                     
Property and equipment included in accounts payable and accrued liabilities
-
-
-
-
-
-
3,645
746
(1,688)
727
4,926
1,184
Right-of-use assets recognized upon the adoption of ASC 842
-
-
-
-
-
-
-
-
-
-
-
-
Right-of-use assets obtained in exchange for lease obligations
-
-
-
-
-
-
1,665
0
2,116
1,781
15,229
1,278
Common stock issued for business acquisition
-
-
-
-
-
-
-
-
-
2,331
0
-
Unpaid deferred offering costs
-
-
-
-
-
-
-
-
-
-
-
-
Acquisition of building with financing obligation
-
-
-
-
-
-
-
-
-
-
-
-