Arista Networks was founded in 2004 and is headquartered in Santa Clara, US

President & CEO

CTO

Chief Financial Officer

Chief Customer Officer

Arista Networks has offices in Santa Clara, Bangalore, London, San Francisco and in 3 other locations

Santa Clara, US (HQ)

5453 Great America Parkway

Shannon, IE

4130 Atlantic Avenue Westpark Business Campus

Singapore, SG

9 Temasek Boulevard #29-01, Suntec Tower Two

Burnaby, CA

3rd Floor, 9200 Glenlyon Pkwy

San Francisco, US

1390 Market Street Suite 800

London, GB

338 City Road

Arista Networks's revenue was reported to be $335.5 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 335.5 m |

## Gross profit (Q1, 2017) | 214.2 m |

## Gross profit margin (Q1, 2017), % | 64% |

## Net income (Q1, 2017) | 83 m |

## EBIT (Q1, 2017) | 73.4 m |

## Market capitalization (15-Aug-2017) | 13.4 b |

## Cash (31-Mar-2017) | 746.6 m |

Arista Networks's current market capitalization is $13.4 b.

USD | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|

## Revenue | 584.1 m | 837.6 m | 328 m | ||

## Revenue growth, % | 43% | (61%) | |||

## Cost of goods sold | 113 m | 174 m | 294 m | 117.8 m | |

## Gross profit | 410.1 m | 543.6 m | 210.2 m | ||

## Gross profit Margin, % | 70% | 65% | 64% | ||

## Sales and marketing expense | 109.1 m | 38.3 m | |||

## R&D expense | 209.4 m | 71.4 m | |||

## General and administrative expense | 75.7 m | 22.9 m | |||

## Operating expense total | 266.6 m | 394.3 m | 132.7 m | ||

## EBIT | 125.5 m | 149.3 m | 77.5 m | ||

## EBIT margin, % | 21% | 18% | 24% | ||

## Interest expense | (3.2 m) | (918 k) | |||

## Pre tax profit | 146 m | 77.1 m | |||

## Income tax expense | 11.6 m | 15.8 m | 34.7 m | 24.9 m | 18.4 m |

## Net Income | 86.9 m | 121.1 m | 184.2 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 137.9 m | 155.5 m | 179 m | 195.6 m | 217.5 m | 242.2 m | 268.7 m | 290.3 m | 335.5 m |

## Cost of goods sold | 44.6 m | 54.5 m | 61.3 m | 67.7 m | 75.8 m | 87.1 m | 97.3 m | 103.8 m | 121.3 m |

## Gross profit | 93.4 m | 101 m | 117.8 m | 127.9 m | 141.7 m | 155.1 m | 171.5 m | 186.4 m | 214.2 m |

## Gross profit Margin, % | 68% | 65% | 66% | 65% | 65% | 64% | 64% | 64% | 64% |

## Sales and marketing expense | 20.7 m | 21 m | 24.6 m | 26.7 m | 26.5 m | 27.6 m | 31.7 m | 33.2 m | 37 m |

## R&D expense | 34.9 m | 36.2 m | 43.3 m | 49.9 m | 58.7 m | 62.5 m | 69 m | 70.6 m | 81.6 m |

## General and administrative expense | 7.1 m | 9.9 m | 14.1 m | 18.4 m | 25.2 m | 15.2 m | 17.5 m | 19.5 m | 22.2 m |

## Operating expense total | 62.7 m | 67.1 m | 82 m | 95 m | 110.5 m | 105.4 m | 118.3 m | 123.4 m | 140.8 m |

## EBIT | 30.7 m | 33.9 m | 35.8 m | 32.9 m | 31.3 m | 49.7 m | 53.2 m | 63 m | 73.4 m |

## EBIT margin, % | 22% | 22% | 20% | 17% | 14% | 21% | 20% | 22% | 22% |

## Interest expense | (1.1 m) | (764 k) | (821 k) | (832 k) | (753 k) | (751 k) | (732 k) | (735 k) | (715 k) |

## Interest income | 2.5 m | ||||||||

## Pre tax profit | 31.7 m | 32.3 m | 34.5 m | 32.4 m | 30.6 m | 49.3 m | 52.8 m | 62.9 m | |

## Income tax expense | 10.1 m | 10.4 m | 10 m | 8.4 m | 1.9 m | 14.1 m | 13.9 m | 11.7 m | (9.2 m) |

## Net Income | 21.6 m | 21.9 m | 24.5 m | 24 m | 28.7 m | 35.2 m | 38.9 m | 51.3 m | 83 m |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 240 m | 687.3 m | 567.9 m |

## Accounts Receivable | 651.9 m | 1.4 b | |

## Inventories | 80.5 m | 92.1 m | 236.5 m |

## Current Assets | 679.5 m | 974.3 m | 1.5 b |

## PP&E | 71.6 m | 79.7 m | 77 m |

## Total Assets | 811 m | 1.2 b | 1.7 b |

## Accounts Payable | 32.4 m | 44 m | 79.5 m |

## Current Liabilities | 144.4 m | 235 m | 459.6 m |

## Total Liabilities | 621.2 m | ||

## Additional Paid-in Capital | 426.2 m | 537.9 m | 674.2 m |

## Retained Earnings | 129.8 m | 250.9 m | 435.1 m |

## Total Equity | 788.2 m | 1.1 b | |

## Financial Leverage | 1.5 x | 1.6 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 397.2 m | 408.6 m | 275.2 m | 343 m | 418.5 m | 710.7 m | 531.1 m | 500.5 m | 746.6 m |

## Inventories | 71.1 m | 62.6 m | 91.2 m | 100.3 m | 109.9 m | 84 m | 118.1 m | 162.1 m | 286.8 m |

## Current Assets | 562.7 m | 588.4 m | 736 m | 850.2 m | 921.1 m | 1 b | 1.1 b | 1.3 b | 1.7 b |

## PP&E | 68.8 m | 67 m | 72.8 m | 73.2 m | 75.2 m | 79.9 m | 79.7 m | 78.1 m | 76.3 m |

## Total Assets | 642.8 m | 691.9 m | 875.1 m | 990.8 m | 1.1 b | 1.2 b | 1.3 b | 1.5 b | 1.9 b |

## Accounts Payable | 20 m | 19.8 m | 29.1 m | 43.8 m | 31.5 m | 24.8 m | 60.1 m | 77 m | 61 m |

## Current Liabilities | 97.7 m | 101.8 m | 148.3 m | 202.5 m | 225 m | 214.3 m | 263.4 m | 355.1 m | 532.5 m |

## Additional Paid-in Capital | 384.3 m | 394.2 m | 456.5 m | 487.4 m | 516.6 m | 564.3 m | 592.5 m | 636.1 m | 711.1 m |

## Retained Earnings | 76.9 m | 98.8 m | 154.3 m | 178.3 m | 207 m | 286.2 m | 325.1 m | 376.3 m | 518.9 m |

## Total Equity | 665.5 m | 723.2 m | 849.9 m | 916.8 m | 1 b | 1.2 b | |||

## Financial Leverage | 1.5 x | 1.5 x | 1.4 x | 1.5 x | 1.5 x | 1.6 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 86.9 m | 121.1 m | 184.2 m |

## Depreciation and Amortization | 10 m | 13.7 m | 19.7 m |

## Accounts Receivable | (19.8 m) | (47.3 m) | (108.9 m) |

## Inventories | (13.4 m) | (14.1 m) | (144.4 m) |

## Accounts Payable | 14 m | 9 m | 38.7 m |

## Cash From Operating Activities | 126.4 m | 447.3 m | 131.4 m |

## Purchases of PP&E | (13.1 m) | (20 m) | (21.4 m) |

## Cash From Investing Activities | (249.4 m) | 184.2 m | (326 m) |

## Cash From Financing Activities | 261.3 m | 63.1 m | 75.6 m |

## Income Taxes Paid | 44.8 m | 6.6 m | 39.6 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 21.6 m | 21.9 m | 24.5 m | 24 m | 28.7 m | 35.2 m | 38.9 m | 51.3 m | 83 m |

## Inventories | 71.1 m | 62.6 m | 91.2 m | 100.3 m | 109.9 m | 84 m | 118.1 m | 162.1 m | 286.8 m |

## Accounts Payable | 20 m | 19.8 m | 29.1 m | 43.8 m | 31.5 m | 24.8 m | 60.1 m | 77 m | 61 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 223.7 k |

## Financial Leverage | 1.6 x |

Arista Networks's Customers was reported to be 4.2 k in FY, 2016, which is a 14% increase from the previous period. Arista Networks's Units Shipped was reported to be 10 m in FY, 2016, which is a 100% increase from the previous period

Source: 289 public H-1B filings from Arista Networks