Stock Analysis on Net

Arista Networks Inc. (NYSE:ANET)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Arista Networks Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable
Accrued liabilities
Deferred revenue
Income taxes payable
Other current liabilities
Current liabilities
Deferred revenue, non-current
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.0001 par value; no shares issued and outstanding
Common stock, $0.0001 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Current Liabilities
The proportion of current liabilities relative to total liabilities and stockholders' equity shows an overall increasing trend from March 31, 2020 (13.94%) to June 30, 2025 (24.5%). Some fluctuations are present, with a peak around March 31, 2022 (22.41%) and continued high levels above 19% in the most recent periods. This indicates a growing share of short-term obligations within the company's capital structure.
Accounts Payable and Accrued Liabilities
Accounts payable fluctuated over the timeframe, rising from 2.06% in March 2020 to a high of 4.72% in June 2022, followed by some volatility but generally tending to decrease somewhat in recent quarters. Accrued liabilities increased from 2.44% in March 2020 to a peak of 5.17% in September 2023, then decreased to 2.3% by June 2025. These movements suggest varying short-term payment obligations and accrued expenses over time.
Deferred Revenue (Current and Non-Current)
Current deferred revenue experienced significant growth, increasing from 8.08% in March 2020 to 16.86% in June 2025, with notable rises from early 2023 onwards. The non-current deferred revenue component also rose steadily from 6.44% to 7.71% over the same period. Such upward trends indicate increasing customer prepayments or unearned revenue, reflecting robust order intake or subscription growth.
Other Current and Long-term Liabilities
Other current liabilities showed variability, with sharp increases in some periods (notably reaching 5.17% in September 2023) but generally remaining below 4%. In contrast, other long-term liabilities declined markedly from 10.35% in March 2020 to below 2% after 2023, signaling a reduction in certain long-term obligations or reclassification of liabilities.
Long-Term Liabilities
Long-term liabilities steadily decreased from 16.78% in March 2020 to a low around 7.9% in September 2023, with a slight rebound to 9.56% by June 2025. This indicates a gradual reduction in the company's long-term debt or obligations over most of the period analyzed.
Total Liabilities
Total liabilities as a percentage of total liabilities and stockholders' equity remained relatively stable around 30% through 2020-2021, dipped to the range of 27-29% in 2022-2023, and then increased again to 34.07% by June 2025. This suggests fluctuations but an overall tendency toward a higher liability proportion in the most recent quarters.
Stockholders' Equity
Stockholders' equity maintained a dominant proportion, ranging from around 69% to 72% during 2020-2023, with some increase up to approximately 74.5% in March 2024. However, it decreased to 65.93% by June 2025, inversely related to the increase in total liabilities during the later periods. This shift implies changes in the company's financing structure and equity valuation.
Additional Paid-in Capital and Retained Earnings
Additional paid-in capital showed a declining trend from 27.95% in March 2020 to 15.94% by June 2025, indicating a decrease in capital contributions relative to the total capital base. Retained earnings increased from 41.31% to a peak of 53.92% in March 2024, then decreased slightly to 49.97% by June 2025, reflecting accumulated profits retained in the business with some recent moderation.
Accumulated Other Comprehensive Income (Loss)
This component displayed minor fluctuations with generally small negative values, reaching as low as -0.76% in September 2022 but with recovery and reversals to slightly positive figures at times. Its overall impact on the capital structure is minimal compared to other equity components.