Financial insights of ANET

MyFinsight

For the year ending 2025-12-31, ANET made $9,005,700K in revenue. $3,511,400K in net income. Net profit margin of 38.99%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total revenue	9,005,700	7,003,146	5,860,168	4,381,310
Product	2,978,700	2,299,063	2,061,167	1,573,629
Service	258,300	212,780	168,720	131,985
Total cost of revenue	3,237,000	2,511,843	2,229,887	1,705,614
Gross profit	5,768,700	4,491,303	3,630,281	2,675,696
Research and development	1,237,300	996,717	854,918	728,394
Sales and marketing	533,400	427,264	399,034	326,955
General and administrative	141,900	122,706	119,080	93,241
Total operating expenses	1,912,600	1,546,687	1,373,032	1,148,590
Income from operations	3,856,100	2,944,616	2,257,249	1,527,106
Other income, net	393,600	320,418	164,777	54,690
Income before income taxes	4,249,700	3,265,034	2,422,026	1,581,796
Provision for income taxes	738,300	412,980	334,705	229,350
Net income	3,511,400	2,852,054	2,087,321	1,352,446

Basic (in dollars per share)	2.79	2.27	6.75	4.41
Basic (in shares)	1,258,000,000	1,256,303,000	309,354,000	306,473,000
Diluted (in dollars per share)	2.75	2.23	6.58	4.27
Diluted (in shares)	1,275,700,000	1,281,077,000	317,135,000	316,459,000