Arista Networks
NYSE: ANET · TECHNOLOGY · COMPUTER HARDWARE
Updated 2026-06-12
Arista Networks (ANET) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | $220.17M | $364.52M | $811.02M | $1.16B | $1.73B | $2.46B | $3.08B | $4.19B | $4.74B | $5.73B | $6.78B | $9.95B | $14.04B | $19.45B |
| Cash & equivalents | — | — | $88.66M | $113.66M | $240.03M | $687.33M | $567.92M | $859.19M | $649.95M | $1.11B | $893.22M | $620.81M | $671.71M | $1.94B | $2.76B | $1.96B |
| Current assets | — | — | $177.17M | $285.52M | $679.48M | $974.33M | $1.53B | $2.27B | $2.71B | $3.47B | $3.84B | $4.81B | $5.55B | $8.39B | $11.91B | $16.39B |
| Total liabilities | — | — | $201.26M | $286.79M | $255.37M | $371.74M | $621.19M | $798.95M | $938.59M | $1.29B | $1.42B | $1.76B | $1.89B | $2.73B | $4.05B | $7.08B |
| Current liabilities | — | — | $46.36M | $209.34M | $144.37M | $235.01M | $459.55M | $529.90M | $606.50M | $597.07M | $768.24M | $1.11B | $1.29B | $1.91B | $2.73B | $5.38B |
| Long-term debt | — | — | — | $43.15M | $42.55M | $41.21M | $39.59M | $37.67M | — | — | — | — | — | — | — | — |
| Shareholder equity | — | — | $18.91M | $77.73M | $555.66M | $788.15M | $1.11B | $1.66B | $2.14B | $2.89B | $3.32B | $3.98B | $4.89B | $7.22B | $9.99B | $12.37B |
| Retained earnings | — | — | $504000.00 | $42.96M | $129.81M | $250.91M | $435.11M | $859.11M | $1.19B | $1.79B | $2.03B | $2.46B | $3.14B | $5.11B | $7.54B | $9.45B |
| Accounts receivable | — | — | $50.90M | $82.00M | $96.98M | $144.26M | $253.12M | $247.35M | $331.78M | $391.99M | $389.54M | $516.51M | $923.10M | $1.02B | $1.14B | $1.89B |
| Inventory | — | — | $24.18M | $73.36M | $80.52M | $92.13M | $236.49M | $306.20M | $264.56M | $243.82M | $479.67M | $650.12M | $1.29B | $1.95B | $1.83B | $2.25B |
| Goodwill | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $53.68M | $54.85M | $189.70M | $188.40M | $265.92M | $268.53M | $268.53M | $416.10M |
Frequently asked questions
What is Arista Networks's revenue?
Arista Networks's trailing twelve-month revenue is $9.71B, and consensus projects about $24.80B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is ANET?
In its most recent fiscal year, ANET ran a gross margin of 64.06%, an operating margin of 42.82%, and a net margin of 38.99%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does ANET generate?
ANET produced $4.25B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is ANET's balance sheet healthy?
ANET holds $1.96B in cash and equivalents against — in long-term debt, on $12.37B of shareholder equity. That debt is best read against the cash flow the business throws off each year.