Arista Networks Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.21B | $1.02B | $853.0M | $888.8M | $813.8M | $748.0M | $665.4M | $637.7M |
| Depreciation & Amortization | — | $23.3M | — | — | $13.8M | — | — | $15.6M |
| Depreciation | — | — | $7.4M | $7.7M | $8.0M | $8.5M | $8.5M | $8.6M |
| Amortization | — | — | — | — | $5.6M | $6.7M | $6.7M | $6.7M |
| Stock-Based Compensation | — | $120.9M | — | — | $93.0M | — | — | $77.2M |
| Net Cash from Operating Activities | — | $1.69B | — | — | $641.7M | — | — | $513.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | $54.5M | — | — | $28.4M | — | — | $9.4M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-865.3M | — | — | $-765.9M | — | — | $-295.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $0 | — | — | $787.1M | — | — | $62.7M |
| Net Cash from Financing Activities | — | $0 | — | — | $-793.8M | — | — | $-63.1M |
| Net Change in Cash | — | $825.6M | — | — | $-917.3M | — | — | $153.5M |
| Free Cash Flow | — | $1.64B | — | — | $613.3M | — | — | $504.4M |
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