Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Arista Networks Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	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
Cash and cash equivalents	2,290,200)	2,789,500)	1,963,900)	2,326,600)	2,225,500)	1,845,100)	2,762,357)	3,175,139)	2,429,031)	2,092,101)	1,938,606)	1,748,818)	1,261,836)	956,341)	671,707)	716,253)	493,246)	635,025)	620,813)	630,982)	893,688)	843,336)
Marketable securities	11,053,100)	9,563,700)	8,779,100)	7,779,600)	6,618,900)	6,304,500)	5,541,116)	4,253,249)	3,844,923)	3,357,597)	3,069,362)	2,706,785)	2,479,290)	2,374,789)	2,352,022)	2,263,818)	2,408,656)	2,788,889)	2,787,502)	2,755,499)	2,388,015)	2,184,330)
Accounts receivable, net	2,266,200)	1,923,800)	1,886,900)	1,489,400)	1,623,600)	1,435,900)	1,140,478)	1,130,897)	1,226,795)	1,090,041)	1,024,569)	833,374)	779,726)	862,875)	923,096)	651,512)	585,786)	648,606)	516,509)	395,590)	364,214)	380,466)
Inventories	2,535,300)	2,380,000)	2,247,100)	2,155,700)	2,059,100)	1,957,300)	1,834,572)	1,769,962)	1,853,776)	2,025,204)	1,945,180)	1,893,538)	1,864,334)	1,682,703)	1,289,706)	1,100,550)	852,810)	694,217)	650,117)	575,665)	543,199)	483,168)
Prepaid expenses and other current assets	2,018,600)	1,899,700)	1,510,000)	1,433,500)	976,400)	733,500)	632,292)	548,693)	487,793)	361,340)	412,518)	472,483)	466,371)	393,825)	314,217)	299,545)	388,697)	338,437)	237,735)	166,222)	139,279)	111,595)
Current assets	20,163,400)	18,556,700)	16,387,000)	15,184,800)	13,503,500)	12,276,300)	11,910,815)	10,877,940)	9,842,318)	8,926,283)	8,390,235)	7,654,998)	6,851,557)	6,270,533)	5,550,748)	5,031,678)	4,729,195)	5,105,174)	4,812,676)	4,523,958)	4,328,395)	4,002,895)
Property and equipment, net	312,500)	250,300)	203,100)	172,600)	152,300)	123,900)	98,845)	93,034)	96,282)	97,949)	101,580)	102,592)	101,705)	97,157)	95,009)	96,449)	91,823)	87,391)	78,634)	75,373)	32,362)	32,462)
Goodwill	416,100)	416,100)	416,100)	416,200)	416,500)	268,500)	268,532)	268,532)	268,531)	268,531)	268,531)	268,531)	268,531)	265,924)	265,924)	271,018)	273,494)	216,915)	188,397)	188,397)	188,277)	188,277)
Deferred tax assets	2,001,600)	1,887,200)	1,773,600)	1,665,400)	1,802,500)	1,544,300)	1,440,418)	1,318,224)	1,177,172)	1,025,861)	945,792)	793,015)	705,856)	646,066)	574,912)	473,808)	442,455)	446,347)	442,295)	428,764)	433,674)	438,277)
Other assets	826,500)	546,200)	668,800)	609,800)	659,400)	301,600)	325,311)	288,993)	238,932)	231,555)	240,668)	249,899)	258,392)	263,386)	288,817)	289,057)	287,578)	252,359)	212,427)	220,858)	225,572)	231,819)
Long-term assets	3,556,700)	3,099,800)	3,061,600)	2,864,000)	3,030,700)	2,238,300)	2,133,106)	1,968,783)	1,780,917)	1,623,896)	1,556,571)	1,414,037)	1,334,484)	1,272,533)	1,224,662)	1,130,332)	1,095,350)	1,003,012)	921,753)	913,392)	879,885)	890,835)
Total assets	23,720,100)	21,656,500)	19,448,600)	18,048,800)	16,534,200)	14,514,600)	14,043,921)	12,846,723)	11,623,235)	10,550,179)	9,946,806)	9,069,035)	8,186,041)	7,543,066)	6,775,410)	6,162,010)	5,824,545)	6,108,186)	5,734,429)	5,437,350)	5,208,280)	4,893,730)

Total assets exhibited an aggressive growth trajectory over the analyzed period, increasing from approximately 4.89 billion USD in March 2021 to 23.72 billion USD by June 2026. This expansion is primarily driven by a substantial increase in current assets, which rose from 4.00 billion USD to 20.16 billion USD, indicating a strategic accumulation of liquidity and working capital to support scaling operations.

Liquidity and Cash Management: A significant concentration of value is held in highly liquid instruments. Marketable securities showed a consistent and accelerating upward trend, growing from 2.18 billion USD in March 2021 to 11.05 billion USD by June 2026. Cash and cash equivalents experienced more volatility but overall increased from 843 million USD to 2.29 billion USD. The combined growth of these two items suggests a highly conservative liquidity posture and a substantial increase in the company's capacity for investment or operational cushioning.
Operational Working Capital: Accounts receivable, net, increased from 380 million USD to 2.27 billion USD, reflecting an expansion in credit sales and overall revenue scale. Inventories followed a similar growth pattern, rising from 483 million USD in early 2021 to 2.54 billion USD by mid-2026. The inventory growth was particularly pronounced between 2022 and 2023, suggesting a strategic increase in stock levels to manage supply chain risks or meet rising demand.
Long-Term Asset Composition: Long-term assets grew from 890 million USD to 3.56 billion USD, though they represent a smaller fraction of the total asset base compared to current assets. Property and equipment, net, remained relatively low for several years before seeing a sharp increase from 98 million USD in December 2022 to 312 million USD by June 2026, indicating expanded investment in physical infrastructure. Deferred tax assets also saw a steady rise, reaching 2.00 billion USD by the end of the period.
Intangible Assets and Other Items: Goodwill remained stable at approximately 268 million USD for several years until a significant step-up to 416 million USD occurred in early 2025, which is characteristic of an acquisition. Other assets displayed more fluctuation, peaking at 826 million USD in June 2026, contributing to the overall growth of the non-current asset portfolio.

The overall balance sheet structure reveals a transition toward a massive liquidity-heavy model. The disproportionate growth of marketable securities relative to fixed assets suggests a business model that requires minimal capital expenditure relative to its growth rate, maintaining a highly flexible financial position.

Arista Networks Inc. (NYSE:ANET)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Arista Networks Inc. (NYSE:ANET)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data