What is Arista Networks's change in deferred revenue?

Arista Networks (ANET) reported change in deferred revenue of $624.30M in Q3 2025.

How has Arista Networks's change in deferred revenue changed year-over-year?

Arista Networks's change in deferred revenue increased by 60.7% year-over-year, from $388.55M to $624.30M.

What is the long-term trend for Arista Networks's change in deferred revenue?

Over 3 years (2021 to 2024), Arista Networks's change in deferred revenue has grown at a 66.5% compound annual growth rate (CAGR), from $278.49M to $1.29B.

What does change in deferred revenue mean?

Cash collected from customers for work or products that will be delivered in the future.

Change in Deferred Revenue

Operating

Arista Networks Change in Deferred Revenue decreased by 26.0% to $624.30M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 60.7%, from $388.55M to $624.30M. Over 3 years (FY 2021 to FY 2024), Change in Deferred Revenue shows an upward trend with a 66.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementCash Flow Statement

SectionOperating

CategoryGrowth

SignalHigher is better

VolatilityModerate

First reportedQ1 2011

Last reportedQ4 2025

How to read this metric

An increase is a positive lead indicator of future revenue recognition and strong cash flow; a decrease suggests the company is recognizing revenue from past sales faster than it is booking new ones.

Detailed definition

Represents the change in cash received from customers for products or services that have not yet been delivered or earne...

Peer comparison

Critical for SaaS companies and hardware companies with significant software-as-a-service components.

Metric ID: cf_change_in_deferred_revenue

Historical Data

18 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25
Value	$26.06M	$54.35M	$128.87M	$187.19M	-$95.99M	-$92.45M	$100.20M	$51.03M	-$7.37M	$109.85M	$311.45M	$157.04M	$455.54M	$388.55M	$284.08M	$297.40M	$844.00M	$624.30M
QoQ Change	—	+108.6%	+137.1%	+45.3%	-151.3%	+3.7%	+208.4%	-49.1%	-114.4%	>999%	+183.5%	-49.6%	+190.1%	-14.7%	-26.9%	+4.7%	+183.8%	-26.0%
YoY Change	—	—	—	—	-468.4%	-270.1%	-22.2%	-72.7%	+92.3%	+218.8%	+210.8%	+207.7%	>999%	+253.7%	-8.8%	+89.4%	+85.3%	+60.7%

Range-$95.99M – $844.00M

CAGR+111.1%

Avg YoY Growth+475.5%

Median YoY Growth+87.3%

Frequently Asked Questions

What is Arista Networks's change in deferred revenue?: Arista Networks (ANET) reported change in deferred revenue of $624.30M in Q3 2025.
How has Arista Networks's change in deferred revenue changed year-over-year?: Arista Networks's change in deferred revenue increased by 60.7% year-over-year, from $388.55M to $624.30M.
What is the long-term trend for Arista Networks's change in deferred revenue?: Over 3 years (2021 to 2024), Arista Networks's change in deferred revenue has grown at a 66.5% compound annual growth rate (CAGR), from $278.49M to $1.29B.
What does change in deferred revenue mean?: Cash collected from customers for work or products that will be delivered in the future.