Arista Networks, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 2.95B | 4.38B | 5.86B | 7.00B | 9.01B | 28.6% | |
| Cost of Revenue | (1.07B) | (1.71B) | (2.23B) | (2.51B) | (3.24B) | 28.9% | |
Gross Profit | 1.88B | 2.68B | 3.63B | 4.49B | 5.77B | 28.4% | |
| Operating Expenses | |||||||
| Research & Development | (586.75M) | (728.39M) | (854.92M) | (996.70M) | (1.24B) | 24.1% | |
| Selling, General & Administrative | (369.29M) | (420.20M) | (518.11M) | (550.00M) | (675.30M) | 22.8% | |
| General & Administrative | (83.12M) | (93.24M) | (119.08M) | (122.70M) | (141.90M) | 15.6% | |
| Selling & Marketing | (286.17M) | (326.95M) | (399.03M) | (427.30M) | (533.40M) | 24.8% | |
| Depreciation & Amortization | (50.33M) | (62.70M) | (70.63M) | (62.00M) | (72.60M) | 17.1% | |
Operating Income (EBIT) | 924.74M | 1.53B | 2.26B | 2.94B | 3.86B | 31.0% | |
| Non-Operating Items | |||||||
| Interest Income | 7.21M | 27.56M | 152.42M | 311.00M | 383.40M | 23.3% | |
| Interest Expense | — | — | — | — | — | — | |
| Other Income/Expenses (Net) | 6.14M | 54.69M | 164.78M | 320.50M | 393.60M | 22.8% | |
Income Before Tax | 930.88M | 1.58B | 2.42B | 3.27B | 4.25B | 30.2% | |
| Income Tax Expense | (90.03M) | (229.35M) | (334.70M) | (413.00M) | (738.30M) | 78.8% | |
Net Income | 840.85M | 1.35B | 2.09B | 2.85B | 3.51B | 23.1% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $1 | $1 | $2 | $2 | $3 | 22.9% | |
| Weighted Avg Shares Outstanding | 1.23B | 1.23B | 1.24B | 1.26B | 1.26B | 0.1% | |
| Weighted Avg Shares Outstanding (Diluted) | 1.28B | 1.27B | 1.27B | 1.28B | 1.28B | -0.4% | |
EBITDA | 981.21M | 1.64B | 2.49B | 3.33B | 4.32B | 29.9% |
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