ANETArista Networks

Technology · Networking Equipment · NYSE

In a world where data is increasingly a precious commodity and competitive differentiator, Arista was founded to enable our customers to access all their centers of data in the quickest, most reliable, and secure manner. 10-K, Item 1

Employees: 5,115
Headquarters: Santa Clara, CA
CEO: Jayshree Ullal
Next results: around Feb 11, 2027

Compare with peers → Embed

RevenueFY2016–25 $9.0B+28.6% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $3.5B+23.1% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $4.3B+15.7% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 42.8%+0.8 pts 21.6% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 17, 2026 against Feb 19, 2025

Area	What changed	Source
Risk factors	26 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +65.4% vs revenue +28.6% (+36.8 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 17, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-19. Quoted as filed.

Our products are primarily manufactured in Malaysia, Vietnam, and Mexico, and we also procure a limited number of products originating from China, Taiwan, Thailand and the Philippines. In addition, our contract manufacturing partners procure some components from China for use in the manufacturing of our products. Because our products…
10-K, Item 1A

All 26 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +65.4% vs revenue +28.6% (+36.8 pts)
✓
Cash from operations $4.4B vs net income $3.5B (FY ending 2025-12-31)
✓
Inventory +22.5% vs revenue +28.6% (-6.1 pts)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Inventory Valuation and Supplier Liabilities
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 4, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 3, 20268-K Quarterly results 8-K item 2.02

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