Arista Networks Income Statement
ANET / Information Technology|14 years of annual SEC 10-K data (FY2012-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
Arista Networks reported $9.0B in revenue and $3.5B in net income for FY2025. Revenue has grown at a 34.4% compound annual rate over the past 13 years.
Based on SEC 10-K filings.
Key Data Points
- Strong profit margin: 39.7%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 28.2%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.0B | $7.0B | $5.9B | $4.4B | $2.9B | $2.3B | $2.4B | $2.2B | $1.6B | $1.1B | $837.6M | $584.1M | $361.2M | $193.4M |
| Cost of Revenue | $3.2B | $2.5B | $2.2B | $1.7B | $1.1B | $835.6M | $866.4M | $778.0M | $584.4M | $406.1M | $294.0M | $192.0M | $122.7M | $61.3M |
| Gross Profit | $5.8B | $4.5B | $3.6B | $2.7B | $1.9B | $1.5B | $1.5B | $1.4B | $1.1B | $723.1M | $543.6M | $392.1M | $238.5M | $132.2M |
| SG&A Expense | $141.9M | $122.7M | $119.1M | $93.2M | $83.1M | $66.2M | $61.9M | $65.4M | $86.8M | $75.2M | $75.7M | $32.3M | $18.7M | $8.5M |
| R&D Expense | $1.2B | $996.7M | $854.9M | $728.4M | $586.8M | $486.6M | $462.8M | $442.5M | $349.6M | $273.6M | $209.4M | $148.9M | $98.6M | $55.2M |
| Operating Income | $3.9B | $2.9B | $2.3B | $1.5B | $924.7M | $699.7M | $805.8M | $273.3M | $470.3M | $243.4M | $149.3M | $125.5M | $66.1M | $39.9M |
| Interest Expense | - | - | - | - | - | - | - | $2.7M | $2.8M | $3.1M | - | - | - | - |
| Income Tax | $738.3M | $413.0M | $334.7M | $229.3M | $90.0M | $104.3M | $2.4M | -$39.3M | $51.6M | $58.0M | $24.9M | $34.7M | $15.8M | $11.6M |
| Net Income | $3.5B | $2.9B | $2.1B | $1.4B | $840.9M | $634.6M | $859.9M | $328.1M | $423.2M | $184.2M | $121.1M | $86.8M | $42.5M | $21.3M |
| EPS (Basic) | $1.69 | $1.10 | $2.74 | $2.09 | $2.82 | $4.39 | $5.85 | $2.66 | $1.81 | $1.42 | $0.76 | $0.39 | $0.76 | $0.39 |
| EPS (Diluted) | $1.65 | $1.07 | $2.63 | $2.00 | $2.66 | $4.06 | $5.35 | $2.50 | $1.67 | $1.29 | $0.72 | $0.39 | $0.72 | $0.39 |
| Shares Outstanding | 1.3B | 1.2B | 306.9M | 307.7M | 304.7M | 76.4M | 75.7M | 73.7M | 70.8M | 68.1M | 65.5M | 31.9M | 30.1M | 24.9M |
| Gross Margin | 64.1% | 64.1% | 62.0% | 61.1% | 63.8% | 63.9% | 64.1% | 63.8% | 64.5% | 64.0% | 64.9% | 67.1% | 66.0% | 68.3% |
| Operating Margin | 42.8% | 42.0% | 38.5% | 34.9% | 31.4% | 30.2% | 33.4% | 12.7% | 28.6% | 21.6% | 17.8% | 21.5% | 18.3% | 20.6% |
| Profit Margin | 39.0% | 40.7% | 35.6% | 30.9% | 28.5% | 27.4% | 35.7% | 15.3% | 25.7% | 16.3% | 14.5% | 14.9% | 11.8% | 11.0% |