← Arista Networks, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.1b | $1.6b | $2.2b | $2.4b | $2.3b | $2.9b | $4.4b | $5.9b | $7.0b | $9.0b | |
| Cost of Revenue | $406.1m | $584.4m | $778.0m | $866.4m | $835.6m | $1.1b | $1.7b | $2.2b | $2.5b | $3.2b | |
| Gross Profit | $723.1m | $1.1b | $1.4b | $1.5b | $1.5b | $1.9b | $2.7b | $3.6b | $4.5b | $5.8b | |
| Operating Expenses | $479.7m | $591.5m | $1.1b | $738.6m | $782.2m | $956.0m | $1.1b | $1.4b | $1.5b | $1.9b | |
| Operating Income (Loss) | $243.4m | $470.3m | $273.3m | $805.8m | $699.7m | $924.7m | $1.5b | $2.3b | $2.9b | $3.9b | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | — | — | $5.1m | $13.4m | $24.1m | $29.2m | $33.6m | $33.4m | $26.8m | $41.6m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | $4.3m | $4.3m | — | — | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | $15.0m | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Realized | ($700k) | ($500k) | $300k | — | — | — | — | — | — | — | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $18.7m | — | — | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $196.2m | $373.2m | $136.8m | $727.6m | $621.8m | $737.6m | $1.3b | $2.0b | $2.6b | $3.4b | |
| Interest Income, Other | — | — | $31.7m | $51.1m | $27.1m | $7.2m | $27.6m | $152.4m | $311.0m | $383.4m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $1.2m | $801k | $189k | $423k | $0 | $0 | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $242.2m | $474.8m | $288.8m | $862.3m | $738.9m | $930.9m | $1.6b | $2.4b | $3.3b | $4.2b | |
| Net Income (Loss) Attributable to Parent | $184.2m | $423.2m | $328.1m | $859.9m | $634.6m | $840.9m | $1.4b | $2.1b | $2.9b | $3.5b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $183.0m | $422.4m | $327.9m | $859.4m | $634.6m | $840.9m | $1.4b | $2.1b | $2.9b | $3.5b | |
| Earnings Per Share, Basic | $0.17 | $0.37 | $0.27 | $0.70 | $0.52 | $0.69 | $1.10 | $1.69 | $2.27 | $2.79 | |
| Earnings Per Share, Diluted | $0.16 | $0.33 | $0.25 | $0.66 | $0.50 | $0.66 | $1.07 | $1.65 | $2.23 | $2.75 | |
| Weighted Average Number of Shares Outstanding, Basic | 1.1b | 1.2b | 1.2b | 1.2b | 1.2b | 1.2b | 1.2b | 1.2b | 1.3b | 1.3b | |
| Weighted Average Number of Shares Outstanding, Diluted | 1.2b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | 1.3b | |
| Other income (expense): | |||||||||||
| Research and Development Expense | $273.6m | $349.6m | $442.5m | $462.8m | $486.6m | $586.8m | $728.4m | $854.9m | $996.7m | $1.2b | |
| Selling and Marketing Expense | $130.9m | $155.1m | $187.1m | $213.9m | $229.4m | $286.2m | $327.0m | $399.0m | $427.3m | $533.4m | |
| General and Administrative Expense | $75.2m | $86.8m | $65.4m | $61.9m | $66.2m | $83.1m | $93.2m | $119.1m | $122.7m | $141.9m | |
| Other Nonoperating Income (Expense) | $2.0m | $7.3m | $18.2m | — | — | — | — | — | — | — | |
| Current Income Tax Expense (Benefit) | $79.8m | $42.9m | $18.6m | $78.2m | $112.9m | $189.1m | $473.7m | $705.5m | $905.8m | $1.1b | |
| Interest Expense | — | — | $2.7m | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | $28.8m | $30.9m | $31.0m | $32.8m | $33.3m | — | — | |
| Income Tax Expense (Benefit) | $58.0m | $51.6m | ($39.3m) | $2.4m | $104.3m | $90.0m | $229.3m | $334.7m | $413.0m | $738.3m | |
| Nonoperating Income (Expense) | ($1.2m) | $4.5m | $15.5m | $56.5m | $39.2m | $6.1m | $54.7m | $164.8m | $320.4m | $393.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.