Arista Networks, Inc. (ANET) quarterly balance sheet — complete assets, liabilities & equity history
Arista Networks, Inc. (ANET) balance sheet — 14-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 20.16B | 18.56B | 16.39B | 15.18B | 13.5B | 12.28B | 11.91B | 10.88B | 9.84B | 8.93B | 8.4B | 7.65B | 6.85B | 6.27B | 5.55B | 5.03B | 4.73B | 5.11B | 4.81B | 4.52B |
| Cash & Short-Term Investments | 13.34B | 12.35B | 10.74B | 10.11B | 8.84B | 8.15B | 8.3B | 7.43B | 6.27B | 5.45B | 5.01B | 4.46B | 3.74B | 3.33B | 3.02B | 2.98B | 2.9B | 3.42B | 3.41B | 3.39B |
| Cash Only | 2.29B | 2.79B | 1.96B | 2.33B | 2.23B | 1.85B | 2.76B | 3.18B | 2.43B | 2.09B | 1.94B | 1.75B | 1.26B | 956.34M | 671.71M | 716.25M | 493.25M | 635.02M | 620.81M | 630.98M |
| Short-Term Investments | 11.05B | 9.56B | 8.78B | 7.78B | 6.62B | 6.3B | 5.54B | 4.25B | 3.84B | 3.36B | 3.07B | 2.71B | 2.48B | 2.37B | 2.35B | 2.26B | 2.41B | 2.79B | 2.79B | 2.76B |
| Accounts Receivable | 2.27B | 1.92B | 1.89B | 1.49B | 1.62B | 1.44B | 1.14B | 1.13B | 1.23B | 1.09B | 1.03B | 833.37M | 779.73M | 862.88M | 923.1M | 651.51M | 585.79M | 648.61M | 516.51M | 395.59M |
| Days Sales Outstanding | 62.8 | 63.3 | 62.43 | 62.04 | 63.14 | 57.83 | 54.12 | 59.89 | 62.36 | 61.51 | 55.77 | 49.16 | 51.23 | 59.47 | 56.78 | 48.36 | 53.39 | 59.78 | 50.89 | 46.68 |
| Inventory | 2.54B | 2.38B | 2.25B | 2.16B | 2.06B | 1.96B | 1.83B | 1.77B | 1.85B | 2.03B | 1.95B | 1.89B | 1.86B | 1.68B | 1.29B | 1.1B | 852.81M | 694.22M | 650.12M | 575.66M |
| Days Inventory Outstanding | 198.73 | 201.72 | 219.19 | 236.99 | 238.51 | 234.16 | 237.06 | 256.77 | 297.53 | 316.93 | 326.27 | 304.85 | 280.78 | 244.6 | 216.89 | 192.48 | 172.26 | 187.16 | 186.87 | 190.56 |
| Other Current Assets | 2.02B | 1.9B | 1.51B | 1.43B | 976.4M | 733.5M | 632.29M | 434.99M | 487.79M | 361.34M | 0 | 274.11M | 167.54M | 125.35M | 0 | 142.63M | 256.1M | 217.36M | 172.89M | 90.18M |
| Total Non-Current Assets | 3.56B | 3.1B | 3.06B | 2.86B | 3.03B | 2.24B | 2.13B | 1.97B | 1.78B | 1.62B | 1.56B | 1.41B | 1.33B | 1.27B | 1.22B | 1.13B | 1.1B | 1B | 921.75M | 913.39M |
| Property, Plant & Equipment | 312.5M | 250.3M | 203.1M | 172.6M | 152.3M | 123.9M | 98.84M | 93.03M | 96.28M | 97.95M | 101.58M | 161.48M | 163.04M | 161.16M | 95.01M | 154.65M | 153.69M | 154.06M | 143.82M | 144.75M |
| Fixed Asset Turnover | 10.79x | 11.95x | 13.24x | 14.21x | 15.97x | 18.00x | 20.12x | 19.13x | 17.41x | 15.75x | 11.71x | 9.30x | 9.00x | 10.55x | 10.22x | 7.63x | 6.84x | 5.89x | 5.71x | 6.05x |
| Goodwill | 416.1M | 416.1M | 416.1M | 416.2M | 416.5M | 268.5M | 268.53M | 268.53M | 268.53M | 268.53M | 268.53M | 268.53M | 268.53M | 265.92M | 265.92M | 271.02M | 273.49M | 216.91M | 188.4M | 188.4M |
| Intangible Assets | 258.2M | 273.5M | 0 | 304.1M | 319.8M | 56.4M | 62.01M | 68.7M | 75.39M | 82.08M | 88.77M | 95.46M | 103.58M | 112.89M | 122.2M | 131.52M | 140.84M | 105.24M | 93.56M | 100.71M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62.29M | 61.79M | 39.4M | 39.47M | 39.68M | 38.26M | 38.63M | 20.25M | 18.25M |
| Other Non-Current Assets | 568.3M | 272.7M | 668.8M | 305.7M | 339.6M | 245.2M | 263.3M | 220.29M | 163.54M | 149.48M | 151.9M | 33.27M | 31.7M | 47.09M | 127.14M | 59.66M | 46.61M | 41.82M | 33.44M | 32.52M |
| Total Assets | 23.72B | 21.66B | 19.45B | 18.05B | 16.53B | 14.51B | 14.04B | 12.85B | 11.62B | 10.55B | 9.96B | 9.07B | 8.19B | 7.54B | 6.78B | 6.16B | 5.82B | 6.11B | 5.73B | 5.44B |
| Asset Turnover | 0.13x | 0.13x | 0.13x | 0.13x | 0.14x | 0.14x | 0.14x | 0.15x | 0.15x | 0.15x | 0.16x | 0.17x | 0.19x | 0.19x | 0.20x | 0.20x | 0.18x | 0.15x | 0.15x | 0.14x |
| Asset Growth % | 43.46% | 49.2% | 38.48% | 40.49% | 42.25% | 37.58% | 41.05% | 41.65% | 41.99% | 39.87% | 46.95% | 47.18% | 40.54% | 23.49% | 18.15% | 13.33% | 11.83% | 24.82% | 21.01% | 23.59% |
| Total Current Liabilities | 6.82B | 6.56B | 5.38B | 4.67B | 4.05B | 3.12B | 2.73B | 2.43B | 2.16B | 1.78B | 1.92B | 1.85B | 1.66B | 1.58B | 1.29B | 1.25B | 1.28B | 1.37B | 1.11B | 893.39M |
| Accounts Payable | 692.7M | 608.4M | 651.7M | 481M | 543.9M | 389.1M | 381.08M | 289.16M | 297.83M | 223.31M | 435.06M | 268.97M | 351.92M | 330.17M | 232.57M | 278.47M | 275.09M | 204.68M | 202.64M | 135.25M |
| Days Payables Outstanding | 52.6 | 54.94 | 56.39 | 57.63 | 55.41 | 47.56 | 44.08 | 41.59 | 39.97 | 52.55 | 59.84 | 50.37 | 53.99 | 46.31 | 46.37 | 54.55 | 53.42 | 56.71 | 51.51 | 47.76 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 5.1B | 4.91B | 4B | 3.52B | 2.79B | 2.07B | 1.73B | 1.6B | 1.33B | 997.91M | 915.2M | 698.67M | 624.21M | 671.7M | 637.43M | 607.19M | 697.76M | 778.44M | 593.58M | 511.35M |
| Other Current Liabilities | 538.4M | 600.7M | 246.8M | 193.9M | 339.2M | 147.6M | 336.43M | 329.18M | 317.84M | 354.18M | 296.1M | 469.01M | 316.63M | 231.27M | 248.09M | 128.65M | 94.84M | 188.83M | 86.97M | 72.36M |
| Current Ratio | 2.96x | 2.83x | 3.05x | 3.25x | 3.33x | 3.93x | 4.36x | 4.47x | 4.55x | 5.01x | 4.38x | 4.15x | 4.14x | 3.96x | 4.29x | 4.01x | 3.70x | 3.73x | 4.34x | 5.06x |
| Quick Ratio | 2.59x | 2.47x | 2.63x | 2.79x | 2.82x | 3.31x | 3.69x | 3.74x | 3.70x | 3.87x | 3.36x | 3.12x | 3.01x | 2.89x | 3.29x | 3.13x | 3.03x | 3.22x | 3.75x | 4.42x |
| Cash Conversion Cycle | 208.92 | 210.09 | 225.23 | 241.4 | 246.24 | 244.43 | 247.1 | 275.06 | 319.92 | 325.89 | 322.21 | 303.64 | 278.01 | 257.77 | 227.3 | 186.3 | 172.23 | 190.23 | 186.25 | 189.49 |
| Total Non-Current Liabilities | 2.1B | 1.61B | 1.7B | 1.48B | 1.58B | 1.27B | 1.32B | 1.17B | 1.03B | 904.8M | 818.14M | 716.75M | 672.67M | 628.98M | 596.06M | 521.88M | 540.73M | 586M | 646M | 678.7M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48.04M | 51.7M | 55.29M | 43.96M | 47.07M | 51.79M | 57.47M | 56.53M | 61.63M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42K | 0 | 13.45M | 51.05M | 129.07M | 214.26M |
| Other Non-Current Liabilities | 338.8M | 320.1M | 331.8M | 309.6M | 307.1M | 257.8M | 252.76M | 258.72M | 241.21M | 239.47M | 227.14M | 172.63M | 160.27M | 153.12M | 148.24M | 140.96M | 139.76M | 132.17M | 124.67M | 113.73M |
| Total Liabilities | 8.92B | 8.17B | 7.08B | 6.14B | 5.63B | 4.4B | 4.05B | 3.6B | 3.19B | 2.69B | 2.74B | 2.56B | 2.33B | 2.21B | 1.89B | 1.78B | 1.82B | 1.96B | 1.76B | 1.57B |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48.04M | 51.7M | 55.29M | 43.96M | 47.07M | 51.79M | 57.47M | 56.53M | 61.63M |
| Net Debt | -2.29B | -2.79B | -1.96B | -2.33B | -2.23B | -1.85B | -2.76B | -3.18B | -2.43B | -2.09B | -1.94B | -1.7B | -1.21B | -901.05M | -627.74M | -669.19M | -441.45M | -577.55M | -564.29M | -569.35M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | 0.08x | 0.09x | 0.11x | 0.09x | 0.11x | 0.14x | 0.20x | 0.20x | 0.25x |
| Net Debt / EBITDA | -1.61x | -2.36x | -1.86x | -2.32x | -2.23x | -2.11x | -3.39x | -3.96x | -3.40x | -3.10x | -2.96x | -2.74x | -2.21x | -1.78x | -1.29x | -1.54x | -1.17x | -1.98x | -2.03x | -2.32x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 14.8B | 13.49B | 12.37B | 11.91B | 10.9B | 10.12B | 9.99B | 9.25B | 8.43B | 7.86B | 7.22B | 6.51B | 5.86B | 5.33B | 4.89B | 4.39B | 4.01B | 4.15B | 3.98B | 3.87B |
| Equity Growth % | 35.74% | 33.28% | 23.77% | 28.78% | 29.31% | 28.7% | 38.45% | 42.12% | 43.93% | 47.53% | 47.76% | 48.35% | 46.23% | 28.32% | 22.8% | 13.45% | 8.33% | 20.34% | 19.83% | 25.34% |
| Book Value per Share | 11.61 | 10.59 | 9.70 | 9.33 | 8.58 | 7.91 | 7.79 | 7.21 | 6.59 | 6.15 | 5.66 | 5.12 | 4.63 | 4.22 | 3.88 | 3.49 | 3.16 | 3.25 | 3.11 | 3.02 |
| Total Shareholders' Equity | 14.8B | 13.49B | 12.37B | 11.91B | 10.9B | 10.12B | 9.99B | 9.25B | 8.43B | 7.86B | 7.22B | 6.51B | 5.86B | 5.33B | 4.89B | 4.39B | 4.01B | 4.15B | 3.98B | 3.87B |
| Common Stock | 100K | 100K | 100K | 100K | 100K | 100K | 126K | 31K | 31K | 31K | 125K | 31K | 31K | 31K | 31K | 31K | 30K | 31K | 31K | 8K |
| Retained Earnings | 11.68B | 10.47B | 9.45B | 9.12B | 8.26B | 7.57B | 7.54B | 6.87B | 6.18B | 5.69B | 5.11B | 4.5B | 3.96B | 3.49B | 3.14B | 2.71B | 2.41B | 2.59B | 2.46B | 2.39B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -40.5M | -19.3M | 12M | 7.8M | 3.8M | -1.9M | -13.19M | 9.59M | -15.06M | -11.93M | -3.33M | -23.17M | -25.21M | -21.5M | -33.91M | -47.13M | -41.32M | -30.5M | -8.3M | -2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |