Arista Networks, Inc. (ANET) balance sheet
NYSE · Technology · Computer Hardware · 5,115 employees · CEO Jayshree V. Ullal
- Price
- $168.86 -8.34%
- Market cap
- $213B
- Enterprise value
- $211B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-03 EPS est. $1.08
At the end of Q2 '26 Arista Networks, Inc. (ANET) held $13.3B in cash and short-term investments against $0 of debt incl. leases. Total assets $23.7B, total liabilities $8.92B, shareholders' equity $14.8B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $1.75B | $1.94B | $2.09B | $2.43B | $3.18B | $2.76B | $1.85B | $2.23B | $2.33B | $1.96B | $2.79B | $2.29B | |
| Short-term investments | $2.71B | $3.07B | $3.36B | $3.84B | $4.25B | $5.54B | $6.3B | $6.62B | $7.78B | $8.78B | $9.56B | $11.1B | |
| Receivables | $833M | $1.03B | $1.09B | $1.23B | $1.13B | $1.14B | $1.44B | $1.62B | $1.49B | $1.89B | $1.92B | $2.27B | |
| Inventory | $1.89B | $1.95B | $2.03B | $1.85B | $1.77B | $1.83B | $1.96B | $2.06B | $2.16B | $2.25B | $2.38B | $2.54B | |
| Other current assets | $274M | $1 | $361M | $488M | $435M | $632M | $734M | $976M | $1.43B | $1.51B | $1.9B | $2.02B | |
| Current assets | $7.65B | $8.4B | $8.93B | $9.84B | $10.9B | $11.9B | $12.3B | $13.5B | $15.2B | $16.4B | $18.6B | $20.2B | |
| Property, plant & equipment (net) | $161M | $102M | $97.9M | $96.3M | $93M | $98.8M | $124M | $152M | $173M | $203M | $250M | $313M | |
| Long-term investments | $62.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Goodwill | $269M | $269M | $269M | $269M | $269M | $269M | $269M | $417M | $416M | $416M | $416M | $416M | |
| Intangible assets | $95.5M | $88.8M | $82.1M | $75.4M | $68.7M | $62M | $56.4M | $320M | $304M | $0 | $274M | $258M | |
| Deferred tax assets | $793M | $946M | $1.03B | $1.18B | $1.32B | $1.44B | $1.54B | $1.8B | $1.67B | $1.77B | $1.89B | $2B | |
| Other non-current assets | $33.3M | $152M | $149M | $164M | $220M | $263M | $245M | $340M | $306M | $669M | $273M | $568M | |
| Non-current assets | $1.41B | $1.56B | $1.62B | $1.78B | $1.97B | $2.13B | $2.24B | $3.03B | $2.86B | $3.06B | $3.1B | $3.56B | |
| Total assets | $9.07B | $9.96B | $10.6B | $11.6B | $12.8B | $14B | $14.5B | $16.5B | $18B | $19.4B | $21.7B | $23.7B | |
| Liabilities | |||||||||||||
| Accounts payable | $269M | $435M | $223M | $298M | $289M | $381M | $389M | $544M | $481M | $652M | $608M | $693M | |
| Accrued expenses | $410M | $273M | $208M | $217M | $216M | $287M | $263M | $381M | $471M | $475M | $442M | $487M | |
| Taxes payable | $105M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $699M | $915M | $998M | $1.33B | $1.6B | $1.73B | $2.07B | $2.79B | $3.52B | $4B | $4.91B | $5.1B | |
| Other current liabilities | $469M | $296M | $354M | $318M | $329M | $336M | $148M | $339M | $194M | $247M | $601M | $538M | |
| Current liabilities | $1.85B | $1.92B | $1.78B | $2.16B | $2.43B | $2.73B | $3.12B | $4.05B | $4.67B | $5.38B | $6.56B | $6.82B | |
| Lease obligations (non-current) | $48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue (non-current) | $496M | $591M | $665M | $789M | $908M | $1.06B | $1.02B | $1.27B | $1.17B | $1.37B | $1.29B | $1.77B | |
| Other non-current liabilities | $173M | $227M | $239M | $241M | $259M | $253M | $258M | $307M | $310M | $332M | $320M | $339M | |
| Non-current liabilities | $717M | $818M | $905M | $1.03B | $1.17B | $1.32B | $1.27B | $1.58B | $1.48B | $1.7B | $1.61B | $2.1B | |
| Total liabilities | $2.56B | $2.74B | $2.69B | $3.19B | $3.6B | $4.05B | $4.4B | $5.63B | $6.14B | $7.08B | $8.17B | $8.92B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $31K | $125K | $31K | $31K | $31K | $126K | $100K | $100K | $100K | $100K | $100K | $100K | |
| Retained earnings | $4.5B | $5.11B | $5.69B | $6.18B | $6.87B | $7.54B | $7.57B | $8.26B | $9.12B | $9.45B | $10.5B | $11.7B | |
| Accumulated other comprehensive income | -$23.2M | -$3.33M | -$11.9M | -$15.1M | $9.59M | -$13.2M | -$1.9M | $3.8M | $7.8M | $12M | -$19.3M | -$40.5M | |
| Shareholders' equity | $6.51B | $7.22B | $7.86B | $8.43B | $9.25B | $9.99B | $10.1B | $10.9B | $11.9B | $12.4B | $13.5B | $14.8B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net debt (debt - cash) | -$1.7B | -$1.94B | -$2.09B | -$2.43B | -$3.18B | -$2.76B | -$1.85B | -$2.23B | -$2.33B | -$1.96B | -$2.79B | -$2.29B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $568M | $859M | $650M | $1.11B | $893M | $621M | $672M | $1.94B | $2.76B | $1.96B | |
| Short-term investments | $300M | $676M | $1.31B | $1.61B | $1.98B | $2.79B | $2.35B | $3.07B | $5.54B | $8.78B | |
| Receivables | $253M | $247M | $332M | $392M | $390M | $517M | $923M | $1.03B | $1.14B | $1.89B | |
| Inventory | $236M | $306M | $265M | $244M | $480M | $650M | $1.29B | $1.95B | $1.83B | $2.25B | |
| Other current assets | $79.1M | $96.2M | $95.7M | $64.5M | $60.6M | $173M | $0 | $1 | $632M | $1.51B | |
| Current assets | $1.53B | $2.27B | $2.71B | $3.47B | $3.84B | $4.81B | $5.55B | $8.4B | $11.9B | $16.4B | |
| Property, plant & equipment (net) | $77M | $74.3M | $75.4M | $127M | $110M | $144M | $95M | $102M | $98.8M | $203M | |
| Long-term investments | $36.1M | $36.1M | $30.3M | $4.15M | $8.31M | $20.2M | $39.5M | $0 | $0 | $0 | |
| Goodwill | $0 | $0 | $53.7M | $54.9M | $190M | $188M | $266M | $269M | $269M | $416M | |
| Intangible assets | $0 | $0 | $58.6M | $45.2M | $123M | $93.6M | $122M | $88.8M | $62M | $0 | |
| Deferred tax assets | $71M | $65.1M | $126M | $452M | $442M | $442M | $575M | $946M | $1.44B | $1.77B | |
| Other non-current assets | $18.8M | $18.9M | $22.7M | $30.3M | $30.1M | $33.4M | $127M | $152M | $263M | $669M | |
| Non-current assets | $203M | $194M | $367M | $714M | $902M | $922M | $1.22B | $1.56B | $2.13B | $3.06B | |
| Total assets | $1.73B | $2.46B | $3.08B | $4.19B | $4.74B | $5.73B | $6.78B | $9.96B | $14B | $19.4B | |
| Liabilities | |||||||||||
| Accounts payable | $79.5M | $52.2M | $93.8M | $92.1M | $134M | $203M | $233M | $435M | $381M | $652M | |
| Accrued expenses | $89.9M | $133M | $122M | $139M | $143M | $227M | $175M | $273M | $287M | $475M | |
| Taxes payable | $1.1M | $794K | $839K | $1.72M | $1.87M | $69.9M | $89.8M | $0 | $0 | $0 | |
| Deferred revenue | $273M | $328M | $359M | $313M | $396M | $594M | $637M | $915M | $1.73B | $4B | |
| Other current liabilities | $15.8M | $16.2M | $30.9M | $52.1M | $94.4M | $87M | $248M | $296M | $336M | $247M | |
| Current liabilities | $460M | $530M | $607M | $597M | $768M | $1.11B | $1.29B | $1.92B | $2.73B | $5.38B | |
| Lease obligations (non-current) | $39.6M | $37.7M | $35.4M | $83M | $72.4M | $56.5M | $44M | $0 | $0 | $0 | |
| Deferred revenue (non-current) | $99.6M | $188M | $229M | $263M | $255M | $336M | $404M | $591M | $1.06B | $1.37B | |
| Deferred tax liabilities | $0 | $0 | $3.75M | $255M | $228M | $129M | $42K | $0 | $0 | $0 | |
| Other non-current liabilities | $22.5M | $43.8M | $64.3M | $93.2M | $95.5M | $125M | $148M | $227M | $253M | $332M | |
| Non-current liabilities | $162M | $269M | $332M | $694M | $650M | $646M | $596M | $818M | $1.32B | $1.7B | |
| Total liabilities | $621M | $799M | $939M | $1.29B | $1.42B | $1.76B | $1.89B | $2.74B | $4.05B | $7.08B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $7K | $7K | $8K | $8K | $8K | $31K | $31K | $125K | $126K | $100K | |
| Retained earnings | $435M | $859M | $1.19B | $1.79B | $2.03B | $2.46B | $3.14B | $5.11B | $7.54B | $9.45B | |
| Accumulated other comprehensive income | -$1.48M | -$1.94M | -$3.99M | $143K | $238K | -$8.3M | -$33.9M | -$3.33M | -$13.2M | $12M | |
| Shareholders' equity | $1.11B | $1.66B | $2.14B | $2.89B | $3.32B | $3.98B | $4.89B | $7.22B | $9.99B | $12.4B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $39.6M | $37.7M | $35.4M | $83M | $72.4M | $56.5M | $44M | $0 | $0 | $0 | |
| Net debt (debt - cash) | -$528M | -$822M | -$615M | -$1.03B | -$821M | -$564M | -$628M | -$1.94B | -$2.76B | -$1.96B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01