Income StatementBalance SheetCash FlowSegments
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Arista Networks Cash Flow Statement

Operating, investing, and financing cash movements

Arista Networks generated $5.4B in operating cash flow over the trailing twelve months. After $145.6M in capital expenditures, free cash flow was $5.3B. Free cash flow increased 0.4% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$5.4BNet Cash From Investing (TTM)-$3.7BNet Cash From Financing (TTM)-$802.1MCapital Expenditures (TTM)$145.6MDepreciation And Amortization Cf (TTM)$82.1MNet Change In Cash (TTM)$944.4M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$186.12B
P/E Ratio50.02
ROE31.52%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$12.5M$28.4M$24.0M$30.1M$37.0M$54.5M
Payment for (Proceeds from) Other Investing Activity$1.7M$0.0———-$5.0M
Sale of investments$12.2M$8.8M———$376.9M
Net cash from investing activities-$1.3B-$765.9M-$625.1M-$1.2B-$999.1M-$865.3M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable—$6.7M$153.3M-$61.9M$162.4M-$35.6M
Change in accounts receivable$9.6M$295.4M$187.7M-$134.2M$397.5M$36.9M
Change in deferred revenue$284.1M$297.4M$844.0M$624.3M$686.3M$826.2M
Change in income taxes payable/receivable-$126.3M$241.3M-$88.9M-$257.6M—$352.9M
Change in inventories—$122.7M$101.8M$96.6M$91.4M$133.0M
Change in other liabilities$43.4M-$173.3M$123.6M$69.3M$99.8M-$40.2M
Other working capital changes—-$12.1M-$8.9M-$2.5M-$3.6M-$3.4M
Deferred income taxes-$116.1M-$107.1M-$230.8M$135.4M-$109.5M-$104.9M
Depreciation and amortization$15.4M$13.8M$12.8M$23.2M$22.8M$23.3M
Net cash from operating activities$1.0B$641.7M$1.2B$1.3B$1.3B$1.7B
Net income$801.0M$813.8M$888.8M$853.0M$955.8M$1.0B
Increase (Decrease) in Other Current Assets$58.6M$113.7M———$298.7M
Stock-based compensation$100.7M$93.0M$85.2M$127.9M$133.1M$120.9M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from exercises of stock options and other stock issuances$15.1M$28.1M———$29.9M
Other, net—$0.0———-$3.7M
Net cash from financing activities-$130.0M-$793.8M-$197.2M$20.6M-$625.5M$0.0
Repurchases of common stock$123.8M$787.1M$195.9M$0.0$620.1M$0.0
Taxes paid for net share settlement$10.9M$34.8M$4.5M$5.0M$6.2M$26.2M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.0B$613.3M$1.2B$1.2B$1.2B$1.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$3.8M$700.0K$2.6M-$1.6M$0.0-$2.6M
Net increase (decrease) in cash—-$917.3M$380.4M$101.1M-$362.7M$825.6M