Arista Networks, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $9.0B | $7.0B | $5.9B | $4.4B | $2.9B |
| Gross profit | $5.8B | $4.5B | $3.6B | $2.7B | $1.9B |
| Operating income | $3.9B | $2.9B | $2.3B | $1.5B | $924.7M |
| Operating expenses | $1.9B | $1.5B | $1.4B | $1.1B | $956.0M |
| Cost of revenue | $3.2B | $2.5B | $2.2B | $1.7B | $1.1B |
| Cash from operations | $4.4B | $3.7B | $2.0B | $492.8M | $1.0B |
| Capital expenditure | $119.5M | $32.0M | $34.4M | $44.6M | $64.7M |
| Free cash flow | $4.3B | $3.7B | $2.0B | $448.2M | $951.1M |
| Share repurchases | $1.6B | $423.6M | $112.3M | $670.3M | $411.6M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $19.4B | $14.0B | $10.0B | $6.8B | $5.7B |
| Total liabilities | $7.1B | $4.0B | $2.7B | $1.9B | $1.8B |
Shares outstanding 1.3B · Free float 82.8%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.