$ANET Income Statement | Understand Stock

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$ANET

$165.45 -$8.92 (5.12%)

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Income Statement Balance Sheet Cashflow Statement

Income Statement

Concept	2025	2024	2023	2022	2021
Revenue	$9.006B 28.6% YoY	$7.003B 19.5% YoY	$5.860B 33.75% YoY	$4.381B 48.62% YoY	$2.948B 27.21% YoY
Cost Of Revenue	$3.237B 28.87% YoY	$2.512B 12.64% YoY	$2.230B 30.74% YoY	$1.706B 59.81% YoY	$1.067B 27.72% YoY
Gross Profit	$5.769B 28.44% YoY	$4.491B 23.72% YoY	$3.630B 35.68% YoY	$2.676B 42.27% YoY	$1.881B 26.92% YoY
Selling, General & Admin	$675.3M 22.79% YoY	$550.0M 6.15% YoY	$518.1M 23.3% YoY	$420.2M 13.79% YoY	$369.3M 24.92% YoY
Research & Development	$1.237B 24.14% YoY	$996.7M 16.59% YoY	$854.9M 17.37% YoY	$728.4M 24.14% YoY	$586.8M 20.58% YoY
Depreciation & Amortization	$72.60M 17.03% YoY	$62.04M -12.16% YoY	$70.63M 12.65% YoY	$62.70M 24.57% YoY	$50.33M 12.88% YoY
Operating Expenses	$1.913B 23.66% YoY	$1.547B 12.65% YoY	$1.373B 19.54% YoY	$1.149B 20.14% YoY	$956.0M 22.22% YoY
Operating Profit	$3.856B 30.95% YoY	$2.945B 30.45% YoY	$2.257B 47.81% YoY	$1.527B 65.14% YoY	$924.7M 32.17% YoY
Interest Expense	$383.4M 23.28% YoY	$311.0M 81.74% YoY	$171.1M 210.93% YoY	$55.04M 664.38% YoY	$7.200M -82.31% YoY
Other Income/Expense, Net	$393.6M 22.84% YoY	$320.4M 94.46% YoY	$164.8M 201.29% YoY	$54.69M 790.72% YoY	$6.140M -84.33% YoY
Pretax Income	$4.250B 30.16% YoY	$3.265B 34.81% YoY	$2.422B 53.12% YoY	$1.582B 69.92% YoY	$930.9M 25.99% YoY
Income Tax	$738.3M 78.77% YoY	$413.0M 23.39% YoY	$334.7M 45.94% YoY	$229.4M 154.76% YoY	$90.03M -13.69% YoY
Net Earnings	$3.511B 23.12% YoY	$2.852B 36.64% YoY	$2.087B 54.34% YoY	$1.352B 60.84% YoY	$840.9M 32.51% YoY
Basic Earnings Per Share	$2.79 22.91% YoY	$2.27 -66.37% YoY	$6.75 53.06% YoY	$4.41 60.95% YoY	$2.74 31.1% YoY
Diluted Earnings Per Share	$2.75 23.32% YoY	$2.23 -66.11% YoY	$6.58 54.1% YoY	$4.27 62.36% YoY	$2.63 31.5% YoY
COMMON SHARES	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	1.258B shares 0.14% YoY	1.256B shares 306.11% YoY	309.4M shares 0.94% YoY	306.5M shares -0.01% YoY	306.5M shares 0.85% YoY
Diluted Shares Outstanding	1.276B shares -0.42% YoY	1.281B shares 303.95% YoY	317.1M shares 0.21% YoY	316.5M shares -0.87% YoY	319.2M shares 0.43% YoY

Concept	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3
Revenue	$2.709B 35.13% YoY	$2.488B 28.87% YoY	$2.308B 27.46% YoY	$2.205B 30.43% YoY	$2.005B 27.58% YoY	$1.930B 25.32% YoY	$1.811B 19.97% YoY	$1.690B 15.87% YoY	$1.571B 16.28% YoY	$1.540B 20.77% YoY	$1.509B 28.27% YoY	$1.459B 38.7% YoY	$1.351B 54.08% YoY	$1.276B 54.71% YoY	$1.177B 57.18% YoY	$1.052B 48.72% YoY	$877.1M 31.38% YoY	$824.5M 27.14% YoY	$748.7M 23.66% YoY
Cost Of Revenue	$1.032B 41.65% YoY	$924.0M 32.11% YoY	$818.1M 26.01% YoY	$766.2M 29.17% YoY	$728.7M 27.84% YoY	$699.4M 29.24% YoY	$649.2M 14.49% YoY	$593.2M 3.2% YoY	$570.0M 4.23% YoY	$541.2M 6.76% YoY	$567.0M 21.47% YoY	$574.8M 40.67% YoY	$546.8M 69.19% YoY	$506.9M 68.03% YoY	$466.8M 72.84% YoY	$408.6M 61.42% YoY	$323.2M 33.4% YoY	$301.7M 28.99% YoY	$270.1M 22.5% YoY
Gross Profit	$1.677B 31.4% YoY	$1.564B 27.04% YoY	$1.490B 28.28% YoY	$1.439B 31.11% YoY	$1.276B 27.43% YoY	$1.231B 23.19% YoY	$1.162B 23.27% YoY	$1.097B 24.1% YoY	$1.001B 24.47% YoY	$999.2M 30.0% YoY	$942.4M 32.74% YoY	$884.1M 37.44% YoY	$804.5M 45.26% YoY	$768.6M 47.05% YoY	$710.0M 48.34% YoY	$643.3M 41.63% YoY	$553.8M 30.23% YoY	$522.7M 26.08% YoY	$478.6M 24.33% YoY
Selling, General & Admin	$175.3M 16.17% YoY	$182.5M 24.72% YoY	$186.0M 32.25% YoY	$155.9M 19.78% YoY	$150.9M 13.59% YoY	$146.3M -1.02% YoY	$140.6M 10.42% YoY	$130.2M 4.64% YoY	$132.8M 12.08% YoY	$147.8M 35.3% YoY	$127.4M 21.51% YoY	$124.4M 21.65% YoY	$118.5M 14.12% YoY	$109.3M 10.37% YoY	$104.8M 13.66% YoY	$102.3M 11.73% YoY	$103.9M 20.07% YoY	$99.00M 14.98% YoY	$92.23M 34.6% YoY
Research & Development	$343.7M 29.02% YoY	$348.4M 22.24% YoY	$326.0M 38.24% YoY	$296.5M 10.85% YoY	$266.4M 27.83% YoY	$285.0M 34.77% YoY	$235.8M 11.05% YoY	$267.5M 16.46% YoY	$208.4M 3.47% YoY	$211.5M 11.06% YoY	$212.4M 13.07% YoY	$229.7M 28.92% YoY	$201.4M 17.09% YoY	$190.4M 20.6% YoY	$187.8M 22.68% YoY	$178.2M 24.33% YoY	$172.0M 29.83% YoY	$157.9M 17.97% YoY	$153.1M 19.56% YoY
Depreciation & Amortization	$23.30M 68.84% YoY	$22.80M 48.17% YoY	$7.400M -52.37% YoY	$7.700M -9.41% YoY	$13.80M -11.62% YoY	$15.39M 6.64% YoY	$15.54M 80.67% YoY	$8.500M -53.61% YoY	$15.61M -25.31% YoY	$14.43M -17.69% YoY	$8.600M 24.64% YoY	$18.32M 195.52% YoY	$20.91M 59.69% YoY	$17.53M 41.38% YoY	$6.900M 40.82% YoY	$6.200M 29.17% YoY	$13.09M 3.42% YoY	$12.40M -1.59% YoY	$4.900M 0.0% YoY
Operating Expenses	$519.0M 24.37% YoY	$530.9M 23.08% YoY	$512.0M 36.0% YoY	$452.4M 13.77% YoY	$417.3M 22.29% YoY	$431.3M 20.05% YoY	$376.5M 10.82% YoY	$397.6M 12.31% YoY	$341.2M 6.66% YoY	$359.3M 19.9% YoY	$339.7M 16.09% YoY	$354.1M 26.27% YoY	$319.9M 15.98% YoY	$299.7M 16.61% YoY	$292.6M 19.29% YoY	$280.4M 19.42% YoY	$275.9M 25.97% YoY	$257.0M 16.85% YoY	$245.3M 24.8% YoY
Operating Profit	$1.158B 34.82% YoY	$1.033B 29.17% YoY	$978.2M 24.57% YoY	$986.2M 40.97% YoY	$858.8M 30.09% YoY	$799.7M 24.96% YoY	$785.3M 30.29% YoY	$699.6M 31.98% YoY	$660.1M 36.23% YoY	$639.9M 36.47% YoY	$602.7M 44.41% YoY	$530.1M 46.08% YoY	$484.6M 74.32% YoY	$468.9M 76.48% YoY	$417.3M 78.89% YoY	$362.9M 65.41% YoY	$278.0M 34.75% YoY	$265.7M 36.51% YoY	$233.3M 23.83% YoY
Interest Expense	N/A	$103.0M 14.0% YoY	$99.80M 2.07% YoY	$90.40M 26.53% YoY	$90.20M 41.33% YoY	$90.35M 67.23% YoY	$97.77M 126.33% YoY	$71.45M 25.46% YoY	$63.82M 276.8% YoY	$54.03M 215.39% YoY	$43.20M 465.67% YoY	$56.95M -8768.04% YoY	$16.94M -45.23% YoY	$17.13M 907.71% YoY	$7.637M 377.31% YoY	-$657.0K -134.58% YoY	$30.93M 1446.25% YoY	$1.700M -74.63% YoY	$1.600M -88.41% YoY
Other Income/Expense, Net	$113.6M 18.09% YoY	$1.500M -239.15% YoY	$98.90M 1.27% YoY	$94.00M 32.65% YoY	$96.20M 53.63% YoY	-$1.078M -101.98% YoY	$97.66M 133.55% YoY	$70.86M -11716.89% YoY	$62.62M 415.56% YoY	$54.48M -26674.15% YoY	$41.82M 513.39% YoY	-$610.0K 14.45% YoY	$12.15M -61.42% YoY	-$205.0K 2.5% YoY	$6.817M 406.46% YoY	-$533.0K -131.01% YoY	$31.48M 1898.73% YoY	-$200.0K -103.61% YoY	$1.346M -89.82% YoY
Pretax Income	$1.271B 33.13% YoY	$1.137B 27.95% YoY	$1.077B 21.99% YoY	$1.080B 40.21% YoY	$955.0M 32.13% YoY	$888.9M 28.02% YoY	$882.9M 36.99% YoY	$770.4M 31.38% YoY	$722.8M 45.51% YoY	$694.4M 42.92% YoY	$644.5M 51.95% YoY	$586.4M 61.85% YoY	$496.7M 60.51% YoY	$485.8M 81.76% YoY	$424.2M 80.77% YoY	$362.3M 63.88% YoY	$309.5M 48.88% YoY	$267.3M 33.53% YoY	$234.6M 16.38% YoY
Income Tax	$248.5M 75.99% YoY	$181.6M 106.53% YoY	$224.1M 66.03% YoY	$191.4M 82.27% YoY	$141.2M 65.98% YoY	$87.93M 8.89% YoY	$135.0M 36.08% YoY	$105.0M 11.1% YoY	$85.07M 41.19% YoY	$80.76M 37.44% YoY	$99.18M 41.36% YoY	$94.52M 49.5% YoY	$60.25M 61.93% YoY	$58.76M 109.84% YoY	$70.17M 578.91% YoY	$63.22M 161.29% YoY	$37.21M 35.3% YoY	$28.00M 62.58% YoY	$10.34M -68.91% YoY
Net Earnings	$1.023B 25.69% YoY	$955.8M 19.33% YoY	$853.0M 14.05% YoY	$888.8M 33.57% YoY	$813.8M 27.62% YoY	$801.0M 30.53% YoY	$747.9M 37.15% YoY	$665.4M 35.28% YoY	$637.7M 46.1% YoY	$613.6M 43.68% YoY	$545.3M 54.05% YoY	$491.9M 64.46% YoY	$436.5M 60.32% YoY	$427.1M 78.47% YoY	$354.0M 57.82% YoY	$299.1M 51.91% YoY	$272.3M 50.95% YoY	$239.3M 30.8% YoY	$224.3M 33.22% YoY
Basic Earnings Per Share	$0.81 24.62% YoY	N/A	$0.68 -71.43% YoY	$0.71 -66.51% YoY	$0.65 -68.14% YoY	N/A	$2.38 35.23% YoY	$2.12 33.33% YoY	$2.04 43.66% YoY	N/A	$1.76 51.72% YoY	$1.59 62.24% YoY	$1.42 61.36% YoY	N/A	$1.16 -60.27% YoY	$0.98 53.13% YoY	$0.88 49.15% YoY	N/A	$2.92 31.53% YoY
Diluted Earnings Per Share	$0.80 25.0% YoY	$0.75 20.83% YoY	$0.67 -71.24% YoY	$0.70 -66.35% YoY	$0.64 -67.84% YoY	$0.62 -67.57% YoY	$2.33 35.47% YoY	$2.08 33.83% YoY	$1.99 44.2% YoY	$1.93 42.22% YoY	$1.72 52.21% YoY	$1.55 65.34% YoY	$1.38 62.35% YoY	$1.35 -100.0% YoY	$1.13 -59.79% YoY	$0.94 51.61% YoY	$0.85 49.12% YoY	$747.8K 32372735.5% YoY	$2.81 32.55% YoY
COMMON SHARES	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	1.257B shares -0.36% YoY	1.259B shares 299.85% YoY	1.257B shares 300.08% YoY	1.256B shares 300.79% YoY	1.261B shares 303.39% YoY	314.9M shares 1.23% YoY	314.2M shares 1.48% YoY	313.4M shares 1.65% YoY	312.6M shares 2.04% YoY	311.1M shares 1.81% YoY	309.6M shares 1.74% YoY	308.3M shares 0.5% YoY	306.4M shares -0.54% YoY	305.6M shares 297.77% YoY	304.3M shares 295.87% YoY	306.8M shares 0.3% YoY	308.0M shares 0.92% YoY	76.82M shares 1.53% YoY	76.86M shares 1.14% YoY
Diluted Shares Outstanding	1.274B shares -0.42% YoY	N/A	1.277B shares 298.38% YoY	1.271B shares 297.35% YoY	1.279B shares 299.92% YoY	N/A	320.4M shares 0.89% YoY	319.9M shares 1.09% YoY	319.9M shares 1.36% YoY	N/A	317.6M shares 1.03% YoY	316.5M shares -0.03% YoY	315.6M shares -1.27% YoY	N/A	314.4M shares 293.45% YoY	316.6M shares -0.71% YoY	319.7M shares 0.36% YoY	N/A	79.91M shares 0.75% YoY

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