Arista Networks, Inc.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
ANET$186.17+9.0%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
(In millions, except par value)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $1,963.9 | $2,762.4 |
| Marketable securities | 8,779.1 | 5,541.1 |
| Accounts receivable, net | 1,886.9 | 1,140.5 |
| Inventories | 2,247.1 | 1,834.6 |
| Prepaid expenses and other current assets | 1,510.0 | 632.3 |
| Total current assets | 16,387.0 | 11,910.9 |
| Property and equipment, net | 203.1 | 98.8 |
| Goodwill | 416.1 | 268.5 |
| Deferred tax assets | 1,773.6 | 1,440.4 |
| Other assets | 668.8 | 325.3 |
| TOTAL ASSETS | $19,448.6 | $14,043.9 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $651.7 | $381.1 |
| Accrued liabilities | 475.4 | 435.3 |
| Deferred revenue | 4,002.6 | 1,727.3 |
| Other current liabilities | 246.8 | 188.5 |
| Total current liabilities | 5,376.5 | 2,732.2 |
| Deferred revenue, non-current | 1,369.8 | 1,064.1 |
| Other long-term liabilities | 331.8 | 252.8 |
| TOTAL LIABILITIES | 7,078.1 | 4,049.1 |
| Commitments and contingencies (Note 5) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, $0.0001 par value—100 shares authorized and no shares issued and outstanding as of December 31, 2025 and 2024 | — | — |
| Common stock, $0.0001 par value—4,000 shares authorized as of December 31, 2025 and 2024; 1,256.5 and 1,261.3 shares issued and outstanding as of December 31, 2025 and 2024 | 0.1 | 0.1 |
| Additional paid-in capital | 2,911.8 | 2,465.4 |
| Retained earnings | 9,446.6 | 7,542.5 |
| Accumulated other comprehensive income (loss) | 12.0 | (13.2) |
| TOTAL STOCKHOLDERS’ EQUITY | 12,370.5 | 9,994.8 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $19,448.6 | $14,043.9 |
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