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Arista Networks, Inc. FY 2025 10-K, explained in plain English

ANET · 10-K for the period ending December 31, 2025, filed February 17, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$9.0B
Gross margin64.1%
Operating income$3.9B
Net income$3.5B
Diluted EPS$2.75
Cash & equivalents$2.0B
Total assets$19.4B
Long-term debt— not reported

Key takeaway

Arista posted $9.01 billion in revenue and $3.51 billion in net income for fiscal 2025, with a 64.1% gross margin.

🔒 4 more takeaways in the full analysis

Beneath the surface

The company holds no reported long-term debt in the fact set, and with $1.96 billion cash plus $8.78 billion in marketable securities (nearly $10.7 billion total), Arista is in a substantial net-cash position, stronger than the cash figure alone suggests.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for ANET.

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