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Arista Networks (ANET) Cost of Revenue (2016 - 2025)

Arista Networks has reported Cost of Revenue over the past 13 years, most recently at $924.0 million for Q4 2025.

  • Quarterly results put Cost of Revenue at $924.0 million for Q4 2025, down 57.91% from a year ago — trailing twelve months through Dec 2025 was $2.0 billion (down 42.72% YoY), and the annual figure for FY2025 was $3.2 billion, up 28.87%.
  • Cost of Revenue for Q4 2025 was $924.0 million at Arista Networks, up from $818.1 million in the prior quarter.
  • Over the last five years, Cost of Revenue for ANET hit a ceiling of $2.2 billion in Q4 2024 and a floor of -$871.7 million in Q4 2022.
  • Median Cost of Revenue over the past 5 years was $111.7 million (2024), compared with a mean of $334.9 million.
  • Biggest five-year swings in Cost of Revenue: tumbled 1265.61% in 2022 and later skyrocketed 1980.96% in 2024.
  • Arista Networks' Cost of Revenue stood at $74.8 million in 2021, then tumbled by 1265.61% to -$871.7 million in 2022, then surged by 112.1% to $105.5 million in 2023, then skyrocketed by 1980.96% to $2.2 billion in 2024, then plummeted by 57.91% to $924.0 million in 2025.
  • The last three reported values for Cost of Revenue were $924.0 million (Q4 2025), $818.1 million (Q3 2025), and $126.5 million (Q2 2025) per Business Quant data.