Arista Networks Inc
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
ANET$185.02-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Product | $5,884,021 | $5,029,493 | $3,716,079 |
| Service | 1,119,125 | 830,675 | 665,231 |
| Total revenue | 7,003,146 | 5,860,168 | 4,381,310 |
| Cost of revenue: | |||
| Product | 2,299,063 | 2,061,167 | 1,573,629 |
| Service | 212,780 | 168,720 | 131,985 |
| Total cost of revenue | 2,511,843 | 2,229,887 | 1,705,614 |
| Gross profit | 4,491,303 | 3,630,281 | 2,675,696 |
| Operating expenses: | |||
| Research and development | 996,717 | 854,918 | 728,394 |
| Sales and marketing | 427,264 | 399,034 | 326,955 |
| General and administrative | 122,706 | 119,080 | 93,241 |
| Total operating expenses | 1,546,687 | 1,373,032 | 1,148,590 |
| Income from operations | 2,944,616 | 2,257,249 | 1,527,106 |
| Other income, net | 320,418 | 164,777 | 54,690 |
| Income before income taxes | 3,265,034 | 2,422,026 | 1,581,796 |
| Provision for income taxes | 412,980 | 334,705 | 229,350 |
| Net income | $2,852,054 | $2,087,321 | $1,352,446 |
| Earnings per share (1): | |||
| Basic | $2.27 | $1.69 | $1.10 |
| Diluted | $2.23 | $1.65 | $1.07 |
| Weighted-average common shares outstanding (1): | |||
| Basic | 1,256,303 | 1,237,417 | 1,225,891 |
| Diluted | 1,281,077 | 1,268,538 | 1,265,835 |
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