Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

	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	543,900)	389,100)	381,083)	289,161)	297,832)	223,305)	435,059)	268,972)	351,920)	330,171)	232,572)	278,469)	275,093)	204,675)	202,636)	135,252)	145,159)	136,885)	134,235)	163,102)	122,872)	84,815)
Accrued liabilities	380,700)	263,100)	435,277)	323,990)	320,071)	270,586)	407,302)	410,071)	363,036)	351,764)	292,487)	240,609)	210,334)	197,063)	226,643)	174,425)	163,245)	122,466)	143,357)	110,348)	100,070)	100,443)
Deferred revenue	2,787,600)	2,072,700)	1,727,280)	1,599,590)	1,329,450)	997,914)	915,204)	698,675)	624,207)	671,700)	637,432)	607,189)	697,762)	778,436)	593,578)	511,354)	482,112)	457,799)	396,259)	321,290)	328,525)	332,175)
Income taxes payable	—)	249,100)	50,100)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other current liabilities	339,200)	147,600)	138,482)	221,633)	214,526)	291,259)	152,041)	469,007)	316,629)	231,274)	131,040)	128,645)	94,837)	188,831)	86,972)	72,356)	69,419)	69,382)	94,392)	70,043)	88,714)	55,574)
Current liabilities	4,051,400)	3,121,600)	2,732,222)	2,434,374)	2,161,879)	1,783,064)	1,909,606)	1,846,725)	1,655,792)	1,584,909)	1,293,531)	1,254,912)	1,278,026)	1,369,005)	1,109,829)	893,387)	859,935)	786,532)	768,243)	664,783)	640,181)	573,007)
Deferred revenue, non-current	1,274,100)	1,016,100)	1,064,135)	907,741)	789,336)	665,328)	591,000)	496,076)	460,697)	420,574)	403,814)	333,855)	335,728)	345,310)	335,734)	289,086)	263,978)	262,232)	254,568)	241,014)	248,986)	264,600)
Other long-term liabilities	307,100)	257,800)	252,757)	258,719)	241,212)	239,472)	227,141)	220,679)	211,970)	208,409)	192,245)	188,025)	204,999)	240,694)	310,266)	389,617)	386,526)	393,628)	395,817)	409,698)	410,201)	425,412)
Long-term liabilities	1,581,200)	1,273,900)	1,316,892)	1,166,460)	1,030,548)	904,800)	818,141)	716,755)	672,667)	628,983)	596,059)	521,880)	540,727)	586,004)	646,000)	678,703)	650,504)	655,860)	650,385)	650,712)	659,187)	690,012)
Total liabilities	5,632,600)	4,395,500)	4,049,114)	3,600,834)	3,192,427)	2,687,864)	2,727,747)	2,563,480)	2,328,459)	2,213,892)	1,889,590)	1,776,792)	1,818,753)	1,955,009)	1,755,829)	1,572,090)	1,510,439)	1,442,392)	1,418,628)	1,315,495)	1,299,368)	1,263,019)
Preferred stock, $0.0001 par value; no shares issued and outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.0001 par value	100)	100)	126)	31)	31)	31)	31)	31)	31)	31)	31)	31)	30)	31)	31)	8)	8)	8)	8)	8)	8)	8)
Additional paid-in capital	2,635,600)	2,551,700)	2,465,409)	2,371,010)	2,263,356)	2,185,149)	2,108,331)	2,028,301)	1,927,697)	1,857,467)	1,780,714)	1,717,605)	1,638,787)	1,590,793)	1,530,046)	1,473,595)	1,395,459)	1,345,569)	1,292,431)	1,240,147)	1,185,093)	1,149,224)
Retained earnings	8,262,100)	7,569,200)	7,542,460)	6,865,260)	6,182,479)	5,689,064)	5,114,025)	4,500,389)	3,955,062)	3,493,181)	3,138,983)	2,714,711)	2,408,294)	2,592,854)	2,456,823)	2,393,661)	2,303,513)	2,106,625)	2,027,614)	1,844,656)	1,843,559)	1,698,766)
Accumulated other comprehensive income (loss)	3,800)	(1,900)	(13,188)	9,588)	(15,058)	(11,929)	(3,328)	(23,166)	(25,208)	(21,505)	(33,908)	(47,129)	(41,319)	(30,501)	(8,300)	(2,004)	(1,139)	(864)	238)	(934)	7,823)	828)
Stockholders’ equity	10,901,600)	10,119,100)	9,994,807)	9,245,889)	8,430,808)	7,862,315)	7,219,059)	6,505,555)	5,857,582)	5,329,174)	4,885,820)	4,385,218)	4,005,792)	4,153,177)	3,978,600)	3,865,260)	3,697,841)	3,451,338)	3,320,291)	3,083,877)	3,036,483)	2,848,826)
Total liabilities and stockholders’ equity	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)	4,738,919)	4,399,372)	4,335,851)	4,111,845)

Accounts Payable: Accounts payable exhibited a general upward trend over the observed periods, increasing from approximately 84.8 million in March 2020 to a peak of 543.9 million by June 2025. While the values showed volatility with intermittent declines, the overall trajectory indicated growing short-term obligations to suppliers.
Accrued Liabilities: Accrued liabilities showed a consistent increase from around 100 million in early 2020 to 380.7 million in mid-2025. The steady rise suggests increased accrued expenses, reflecting possibly higher operational costs or expanded business activities.
Deferred Revenue (Current): Current deferred revenue increased markedly, starting from roughly 332 million in March 2020, peaking at 2.79 billion by June 2025. The growth was pronounced especially from 2021 onward, indicative of increased advance customer payments or subscription arrangements, signaling strong future revenue streams.
Income Taxes Payable: Income taxes payable data was largely missing except for a notable entry of 50.1 million in March 2025 and a peak of 249.1 million in June 2025, suggesting recent tax liabilities had become more significant in the later periods analyzed.
Other Current Liabilities: Other current liabilities fluctuated extensively, starting near 55.6 million in March 2020, peaking at 469 million in September 2023, then dropping and rising again to 339.2 million by June 2025. This volatility may indicate varying contingent liabilities or episodic short-term obligations.
Current Liabilities (Total): Total current liabilities grew substantially from approximately 573 million in March 2020 to over 4 billion by June 2025. Despite some quarterly fluctuations, the sustained upward trend reflects expansion in short-term financial obligations.
Deferred Revenue (Non-Current): Non-current deferred revenue rose steadily from about 265 million in March 2020 to over 1.27 billion by June 2025. The consistent increase supports the interpretation of growing long-term customer commitments or contracts extending beyond the current period.
Other Long-Term Liabilities: Other long-term liabilities declined from 425 million in early 2020 to around 188 million in Q3 2022, before rising again to 307 million by mid-2025. This decrease followed by gradual recovery suggests management of long-term obligations with a controlled increase in later periods.
Long-Term Liabilities (Total): Total long-term liabilities showed a fluctuating pattern, starting at 690 million in March 2020, dipping toward 521 million in late 2022, then increasing steadily to about 1.58 billion by June 2025. This indicates a growing reliance on long-term financing or obligations in the latter part of the timeframe.
Total Liabilities: Total liabilities increased significantly from approximately 1.26 billion in early 2020 to 5.63 billion by mid-2025. Despite periodic fluctuations—particularly a decrease in 2022—the overall rise indicates amplified financial obligations consistent with company growth or financing needs.
Common Stock: Common stock par value remained mostly stable near 31 thousand with a few increases noted in March and June 2025 (126 and 100 thousand respectively). This suggests minor issuances or adjustments in share capital during those periods.
Additional Paid-in Capital: Additional paid-in capital consistently increased from 1.15 billion in early 2020 to approximately 2.64 billion by June 2025, reflecting ongoing equity financing activities or capital contributions over time.
Retained Earnings: Retained earnings showed strong growth from about 1.7 billion in March 2020 up to 8.26 billion by June 2025. Despite a dip in mid-2022, the upward trajectory indicates sustained profitability and accumulation of earnings over the periods observed.
Accumulated Other Comprehensive Income (Loss): This item showed volatility, shifting between positive and negative values over time, moving from slight gains early in 2020 to significant losses around 30 million negative in early 2022, and partial recovery by mid-2025. These fluctuations reflect changes in unrealized gains/losses related to foreign currency, investments, or hedging activities.
Stockholders’ Equity: Stockholders’ equity grew steadily from approximately 2.85 billion in March 2020 to over 10.9 billion in June 2025, representing substantial increases in net assets. This growth is supported by rising paid-in capital and retained earnings, indicating strengthening financial position.
Total Liabilities and Stockholders’ Equity: The total sum of liabilities and equity increased from about 4.11 billion in early 2020 to 16.53 billion by mid-2025. This reflects the company’s expanding scale, with growth in both financial obligations and equity capital.

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Arista Networks Inc. (NYSE:ANET)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data