Arista Networks balance sheet
At the end of fiscal 2025, Arista Networks had total assets of $19.45bn, total liabilities of $7.08bn and shareholders' equity of $12.37bn. It held $1.96bn in cash against $0 of debt: net cash of $1.96bn.
Balance sheet
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 0.1 | 0.1 | 0.2 | 0.7 | 0.6 | 0.9 | 0.6 | 1.1 | 0.9 | 0.6 | 0.7 | 1.9 | 2.8 | 2.0 | 2.3 |
| Receivables | — | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | 0.3 | 0.4 | 0.4 | 0.5 | 0.9 | 1.0 | 1.1 | 1.9 | 2.3 |
| Inventory | — | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.2 | 0.5 | 0.7 | 1.3 | 1.9 | 1.8 | 2.2 | 2.5 |
| Total current assets | — | 0.3 | 0.7 | 1.0 | 1.5 | 2.3 | 2.7 | 3.5 | 3.8 | 4.8 | 5.6 | 8.4 | 11.9 | 16.4 | 20.2 |
| Goodwill | — | — | — | — | — | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 |
| Total assets | — | 0.4 | 0.8 | 1.2 | 1.7 | 2.5 | 3.1 | 4.2 | 4.7 | 5.7 | 6.8 | 10.0 | 14.0 | 19.4 | 23.7 |
| Accounts payable | — | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 0.4 | 0.7 | 0.7 |
| Deferred revenue (current) | — | 0.0 | 0.1 | 0.1 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.6 | 0.6 | 0.9 | 1.7 | 4.0 | 5.1 |
| Total current liabilities | — | 0.2 | 0.1 | 0.2 | 0.5 | 0.5 | 0.6 | 0.6 | 0.8 | 1.1 | 1.3 | 1.9 | 2.7 | 5.4 | 6.8 |
| Short-term debt | — | 0.1 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-term debt | — | 0.0 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total debt | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total liabilities | — | 0.3 | 0.3 | 0.4 | 0.6 | 0.8 | 0.9 | 1.3 | 1.4 | 1.8 | 1.9 | 2.7 | 4.0 | 7.1 | 8.9 |
| Shareholders' equity | 0.0 | 0.1 | 0.6 | 0.8 | 1.1 | 1.7 | 2.1 | 2.9 | 3.3 | 4.0 | 4.9 | 7.2 | 10.0 | 12.4 | 14.8 |
| Net debt (negative = net cash) | −0.1 | −0.0 | −0.2 | −0.7 | −0.6 | −0.9 | −0.6 | −1.1 | −0.9 | −0.6 | −0.7 | −1.9 | −2.8 | −2.0 | −2.3 |
| Shares outstanding | — | 479m | — | — | — | — | — | — | 1,219m | 1,231m | 1,228m | 1,249m | 1,261m | 1,257m | 1,261m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 1.1 | 1.1 | 1.4 | 1.6 | 1.5 | 1.9 | 1.9 | 2.3 |
| Inventory | 1.8 | 1.8 | 2.0 | 2.1 | 2.2 | 2.2 | 2.4 | 2.5 |
| Total current assets | 10.9 | 11.9 | 12.3 | 13.5 | 15.2 | 16.4 | 18.6 | 20.2 |
| Goodwill | — | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| Total assets | 12.8 | 14.0 | 14.5 | 16.5 | 18.0 | 19.4 | 21.7 | 23.7 |
| Accounts payable | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.7 | 0.6 | 0.7 |
| Deferred revenue (current) | 1.6 | 1.7 | 2.1 | 2.8 | 3.5 | 4.0 | 4.9 | 5.1 |
| Total current liabilities | 2.4 | 2.7 | 3.1 | 4.1 | 4.7 | 5.4 | 6.6 | 6.8 |
| Total liabilities | 3.6 | 4.0 | 4.4 | 5.6 | 6.1 | 7.1 | 8.2 | 8.9 |
| Shareholders' equity | 9.2 | 10.0 | 10.1 | 10.9 | 11.9 | 12.4 | 13.5 | 14.8 |
| Shares outstanding | 315m | 1,261m | 1,257m | 1,257m | 1,259m | 1,257m | 1,259m | 1,261m |
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