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.
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Arista Networks Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2014
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Arista Networks Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in thousands
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).
The analysis of the financial data reveals several key trends in the company's liabilities and equity positions over the reported periods.
- Current Liabilities
- Current liabilities have exhibited an overall upward trend, increasing from approximately $573 million in March 2020 to over $4.66 billion by September 2025. Within this category, accounts payable and accrued liabilities generally rose over the period, with some fluctuations. Accounts payable notably surged in certain quarters, reaching peaks above $500 million, indicating increased short-term obligations to suppliers or creditors. Accrued liabilities followed a similar pattern, growing steadily over time, reflecting rising accrued expenses or obligations.
- Deferred Revenue
- There has been a pronounced increase in both current and non-current deferred revenue. Current deferred revenue grew from about $332 million in early 2020 to over $3.52 billion by late 2025, while non-current deferred revenue expanded from approximately $265 million to over $1.16 billion. This trend suggests growing advance payments from customers or deferred income recognition, potentially indicating expanding sales with contractual obligations extending into future periods.
- Other Liabilities
- Other current liabilities showed high volatility, with sharp increases and decreases across quarters. Long-term other liabilities generally trended downward initially but stabilized and slightly increased in the later years, reflecting possible adjustments or changes in long-term obligations.
- Total Liabilities
- Total liabilities exhibited consistent growth, rising from approximately $1.26 billion in March 2020 to over $6.14 billion by September 2025. This growth mirrors increases in both current and long-term liabilities, underscoring an expanding debt and obligation base, which may correspond to operational scaling or financing activities.
- Stockholders’ Equity
- Stockholders’ equity has increased steadily from about $2.85 billion to nearly $11.91 billion by the end of the period. This increase is driven primarily by rising retained earnings, which more than quintupled, reflecting accumulated profitability over time. Additional paid-in capital also increased consistently, indicating further capital contributions or equity issuances. The common stock value remained relatively stable with only minor changes. Accumulated other comprehensive income fluctuated, showing both positive and negative values without a clear trend.
- Overall Capital Structure
- The combined total of liabilities and stockholders’ equity doubled over the observed timeframe, indicating significant balance sheet growth. The rising equity alongside increasing liabilities suggests the company has been financing its growth through a combination of retained earnings and additional liabilities. The marked increases in deferred revenue point to strong customer commitments extending into the future, which could support ongoing revenue streams.
In summary, the company’s financial position has expanded substantially in both liabilities and equity. Increasing deferred revenues and accrued liabilities highlight growth in operational commitments, while the rise in retained earnings signals sustained profitability. Continued monitoring of the rapid increases in liabilities relative to equity will be important to assess financial risk and leverage management.