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

	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	2,789,500)	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	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	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	2,380,000)	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	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	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	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)	416,200)	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	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	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	3,099,800)	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	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 exhibit a trajectory of aggressive expansion, increasing from approximately 4.89 billion US dollars in March 2021 to 21.66 billion US dollars by March 2026. This growth is primarily driven by a substantial increase in current assets, which maintain a dominant proportion of the overall balance sheet structure throughout the analyzed period.

Liquidity and Cash Management: A significant accumulation of liquid assets is observed. Marketable securities demonstrate the most consistent growth, rising from 2.18 billion US dollars in March 2021 to 9.56 billion US dollars by March 2026. Cash and cash equivalents show more volatility but trend upward overall, peaking in September 2024 at 3.18 billion US dollars before stabilizing near 2.79 billion US dollars by the end of the period. The combined growth of these two items indicates a strong liquidity position and a strategic shift toward capital preservation and short-term investment.
Operating Current Assets: Accounts receivable and inventories both reflect a scaling of business operations. Net accounts receivable grew from 380 million US dollars to 1.92 billion US dollars, suggesting an increase in sales volume and credit extension to customers. Inventories followed a similar upward path, increasing from 483 million US dollars to 2.38 billion US dollars, which may indicate strategic stockpiling or an expansion of the product pipeline to meet growing demand.
Non-Current Asset Trends: Long-term assets grew from 891 million US dollars in March 2021 to 3.10 billion US dollars in March 2026. While property and equipment remained a small fraction of total assets, it saw a relative increase from 32 million US dollars to 250 million US dollars. A notable jump in goodwill occurred between December 2024 and March 2025, where values rose from 268 million US dollars to 416 million US dollars, implying acquisition activity during that interval. Additionally, deferred tax assets showed a steady climb, reaching 1.89 billion US dollars by the final period.
Asset Composition Analysis: The balance sheet is characterized by an increasing reliance on current assets, which rose from 4.00 billion US dollars to 18.56 billion US dollars. This composition suggests a highly liquid operating model with minimal capital intensity in physical infrastructure relative to the total asset base. The rapid growth in prepaid expenses and other current assets, which rose from 112 million US dollars to 1.90 billion US dollars, further contributes to the expansion of the current asset base.

Arista Networks Inc. (NYSE:ANET)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Arista Networks Inc. (NYSE:ANET)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data