Arista Networks (ANET) Inc. Reports Fourth Quarter andYear End 2023 Financial Results

For the twelve months ending December 31, 2023, total revenue was $5,860,168 with a net income of $2,087,321. In comparison, the total revenue for the same period in 2022 was $4,381,310 with a net income of $1,352,446.

Company provides reconciliation of Selected GAAP to Non-GAAP Financial Measures. In the same period, GAAP gross profit was $3,630,281 (2023) and $2,675,696 (2022). Non-GAAP gross profit was $3,666,527 (2023) and $2,710,758 (2022).

The company had total assets of $9,946,806 as of December 31, 2023, compared to $6,775,410 as of December 31, 2022. As of the end of 2023, the company’s cash and cash equivalents amounted to $1,938,606.

This report includes certain non-GAAP financial measures, including non-GAAP gross profit, non-GAAP income from operations, and non-GAAP net income, which exclude stock-based compensation expense, gains/losses on strategic investments, and an intellectual property dispute settlement among other factors.