anet: the income statement

MyFinsight

For the quarter ending 2025-09-30, ANET made $2,308,300K in revenue. $853,000K in net income. Net profit margin of 36.95%.

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

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Total revenue	2,308,300	2,204,800	2,004,800	1,810,936
Product	745,500	707,300	672,700	593,343
Service	72,600	58,900	56,000	55,876
Total cost of revenue	818,100	766,200	728,700	649,219
Gross profit	1,490,200	1,438,600	1,276,100	1,161,717
Research and development	326,000	296,500	266,400	235,824
Sales and marketing	151,200	126,500	116,600	106,832
General and administrative	34,800	29,400	34,300	33,811
Total operating expenses	512,000	452,400	417,300	376,467
Income from operations	978,200	986,200	858,800	785,250
Other income (expense), net	98,900	94,000	96,200	97,660
Income before income taxes	1,077,100	1,080,200	955,000	882,910
Provision for income taxes	224,100	191,400	141,200	134,972
Net income	853,000	888,800	813,800	747,938

Basic (in dollars per share)	0.68	0.71	0.65	2.38
Basic (in shares)	1,258,000,000	1,256,300,000	1,260,000,000	314,482,000
Diluted (in dollars per share)	0.67	0.7	0.64	2.33
Diluted (in shares)	1,276,600,000	1,271,200,000	1,279,200,000	320,448,000