FN2 Earnings Intelligence

Arista Networks, Inc. financials

Arista Networks, Inc. (ANET) financial statements and key operating metrics from FN2 Research.

Key Stats

USD in millions, except per-share values and percentages.

Metric 12/31/202112/31/202212/31/202312/31/202412/31/2025
Market Cap -----
- Cash $620.8$671.7$1,938.6$2,762.4$1,963.9
+ Debt -----
Enterprise Value -----
Revenue $2,948$4,381.3$5,860.2$7,003.1$9,005.7
% Growth 27.2%48.6%33.8%19.5%28.6%
Gross Profit $1,880.8$2,675.7$3,630.3$4,491.3$5,768.7
% Margin 63.8%61.1%61.9%64.1%64.1%
EBITDA $975.1$1,589.8$2,327.9$3,006.7$3,928.7
% Margin 33.1%36.3%39.7%42.9%43.6%
Net Income $840.9$1,352.4$2,087.3$2,852.1$3,511.4
% Margin 28.5%30.9%35.6%40.7%39.0%
Diluted EPS $2.63$4.27$6.58$2.23$2.75
% Growth -67.1%62.4%54.1%-66.1%23.3%
Operating Cash Flow $1,015.9$492.8$2,034$3,708.2$4,371.9
CapEx $64.7$44.6$34.4$32$119.5
Free Cash Flow $951.1$448.2$1,999.6$3,676.2$4,252.4

Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.