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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Sep 30, 2025 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
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: 2025-09-30), 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).


Accounts Payable
Accounts payable as a percentage of total liabilities and stockholders’ equity fluctuates between approximately 2% and 4.7% over the analyzed quarters. A peak above 4.7% occurs in mid-2022, followed by a general decline to around 2.7% by early 2025, indicating variability but no sustained upward or downward trend.
Accrued Liabilities
This liability category shows moderate oscillations, generally ranging from about 1.8% to 4.7%. The highest values are seen between 2022 and early 2023, after which there is a declining trend reaching near 1.8% in mid-2025, suggesting possible improvements in managing accrued expenses.
Deferred Revenue (Current)
Deferred revenue as a percentage of total liabilities and equity exhibits a generally rising trend. Starting near 8% in early 2020, it climbs steadily with some minor fluctuations, reaching almost 20% by the first quarter of 2025. This indicates an increasing proportion of advanced customer payments or unearned income relative to the company's capital structure.
Other Current Liabilities
Other current liabilities are relatively low but show notable volatility, ranging from around 1% up to over 5% in some quarters. There is no clear directional trend, with spikes occurring intermittently, possibly reflecting episodic expenses or obligations.
Current Liabilities (Total)
The share of current liabilities steadily increases from roughly 14% in early 2020 to a peak exceeding 25% by late 2025. This upward movement highlights a growing short-term obligation relative to the company's total financing sources, potentially indicating increased reliance on current liabilities for funding operations.
Deferred Revenue (Non-Current)
Non-current deferred revenue remains relatively stable in a band between about 5% and 7.7%, showing a mild gradual increase toward the later quarters. This stability suggests consistent long-term deferred income commitments without significant volatile changes.
Other Long-Term Liabilities
There is a clear downward trajectory in other long-term liabilities, dropping from over 10% of total liabilities and equity in early 2020 to below 2% by mid-2025. This reduction reflects a significant decrease in long-term obligations of this nature.
Long-Term Liabilities (Total)
Long-term liabilities decrease progressively from nearly 17% in early 2020 to under 9% in early 2025, with minor fluctuations. This declining trend may indicate debt repayments or restructuring leading to reduced long-term financial obligations.
Total Liabilities
Total liabilities as a percentage of total liabilities and equity remain within a moderate range from approximately 27.9% to 34.1%. After a slight decline from about 31% in early 2020, liabilities bottom near 27% in mid-2023, followed by a gradual increase above 34% in 2025. This pattern points to fluctuating debt and obligation levels relative to equity.
Common Stock
The portion of common stock remains constant at 0%, indicating no par value or negligible contribution to total liabilities and equity proportions.
Additional Paid-in Capital
Additional paid-in capital demonstrates a consistent declining trend over the analyzed period, moving from close to 28% down to around 15.4%. The gradual decrease suggests either capital reimbursement, share repurchase, or other factors reducing this equity component.
Retained Earnings
Retained earnings show a marked increasing trend, rising from about 41% to nearly 53-54% through early 2025, with slight volatility. This growth indicates accumulated profits retained in the company, strengthening shareholder equity over time.
Accumulated Other Comprehensive Income (Loss)
This component fluctuates nominally around zero, with minor positive and negative shifts. Its low magnitude and variability suggest limited impact on overall equity structure.
Stockholders’ Equity
Stockholders’ equity as a percentage slightly fluctuates between approximately 66% and 74%. The trend shows initial declines from nearly 70% to below 66% by mid-2025. This reduction in equity proportion relative to total capital may reflect an increase in liabilities or changes in equity accounts.
Total Liabilities and Stockholders’ Equity
As expected, this remains constant at 100% throughout the analyzed period, confirming the balance sheet identity.