Elastic N.V. (ESTC) financials

NYSE · Technology · Software - Application · 3,834 employees · CEO Ashutosh Kulkarni

Price: $97.28 -5.83%
Market cap: $10.2B
Enterprise value: $9.93B
Last report: Q1 '27 filed 2026-08-28
Next report: 2026-11-19 EPS est. $0.81

Revenue (TTM)$1.8B+16.2% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)-1.5%+0.5 pp vs a year agoOperating income -$26.9M

Net income (TTM)$376M+549.9% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$349M+11.2% vs a year agoCapex $5.03M

Diluted EPS (TTM)$3.57+546.6% vs a year agoSum of the last 4 quarters

Net cash$865M-3.9% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $10.2B
Revenue: $1.8B
Revenue growth: +15%
Profit margin: 20.8%
P/E: 26.9×
P/S: 5.7×
EV / EBITDA: 154.0×
Free cash flow: $349M
Net income: $376M
Revenue estimate: $2.01B
Earnings: 2026-11-19
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-08-27): revenue beat by 1.8%, EPS beat by 19.9%Revenue $478M vs $470M expected (+1.8%); EPS $0.70 vs $0.58 (+19.9%).
Revenue growth slowing: 15.1% year on yearQ1 '27 revenue $478M, against an average of 17.3% over the four quarters before.
Operating margin -1.5% (TTM), +0.5 pp on a year agoOperating income grew 11.8% while revenue grew 16.2%.
Capex 0.3% of revenue (a year ago 0.3%)$5.03M invested in the last 4 quarters (+18.1% on a year earlier). Free cash flow $349M = 92.9% of net income.
Returned $80M to shareholders = 22.9% of free cash flowBuybacks $80M (a year earlier $0), dividends $0, stock-based pay $303M (TTM).
Diluted share count down 1.2% in a year105M diluted shares in Q1 '27, 106M a year earlier.
Net cash $865MCash + short-term investments $1.46B, debt incl. leases $596M; a year ago net cash $900M.

Last quarter: Q1 '27

Quarter ended 2026-07-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q1 '27	Year ago	Change
Revenue	$478M	$415M	+15.1%
Gross margin	74.5%	76.7%	-2.2 pp
Operating income	-$2.9M	-$9.44M	+69.3%
Operating margin	-0.6%	-2.3%	+1.7 pp
Net income	-$16.7M	-$24.6M	+32.0%
Diluted EPS	-$0.16	-$0.23	+30.4%
Operating cash flow	$132M	$105M	+25.9%
Capex	$590K	$656K	-10.1%
Free cash flow	$131M	$104M	+26.1%
R&D	$112M	$109M	+3.1%
Stock-based compensation	$74.8M	$69.9M	+6.9%

Reported vs consensus

2026-08-27

	Actual	Consensus	vs consensus
Revenue	$478M	$470M	+1.8%
EPS (as estimated)	$0.70	$0.58	+19.9%

From the report of 2026-08-27 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q1 '27	y/y	Share	TTM	TTM y/y	12 quarters
Subscription	$449M	+15.5%	93.9%	$1.69B	+16.9%
Professional Services	$29.4M	+10.0%	6.1%	$108M	+5.6%

Revenue by region

share of total

Segment	Q1 '27	y/y	Share	TTM	TTM y/y	12 quarters
United States	$259M	+12.5%	54.2%	$976M	+12.4%
Non-US	$219M	+18.4%	45.8%	$826M	+21.0%

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $354M
Capex: -$5.03M
Buybacks: -$80M
Dividends: $0
Acquisitions: -$28.3M
Net debt issued: -$5.85M
Stock-based compensation: $303M
Free cash flow: $349M
Returned to shareholders / FCF: 22.9%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	26.9×	89.1× 2 of 5 years	13.3× – 164.9×
EV / EBITDA	154.0×	795.1× 2 of 5 years	135.9× – 1,454.3×
EV / Sales	5.5×	5.9×	2.7× – 8.1×
Price / FCF	29.3×	70.8× 4 of 5 years	15.2× – 163.9×
Price / Book	7.8×	11.6×	3.8× – 17.0×
FCF yield	3.4%	2.3%	-0.0% – 6.6%
Return on invested capital	26.3%	47.5%	-21.1% – 273.8%
Return on equity	35.3%	-16.6%	-59.2% – 28.8%

Analysts

Consensus target $90.67 (-6.8%)
range $55.00 – $120.00 · rating Buy

Strong buy0

Buy22

Hold12

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$2.01B	+15.3%	$3.36	-2.1%	29.0×	15
FY2028	$2.3B	+14.5%	$3.95	+17.7%	24.6×	15
FY2029	$2.62B	+14.2%	$4.76	+20.4%	20.4×	4
FY2030	$2.88B	+9.6%	$5.10	+7.1%	19.1×	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 236 figures Elastic N.V. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	–	–	–	$3.18M	–	–
Accounts Payable, Current	$14.2M	$26.5M	-46.5%	$8.62M	$17.2M	-49.7%
Accounts Receivable, after Allowance for Credit Loss, Current	$236M	$222M	+6.5%	$464M	$376M	+23.6%
Accounts Receivable, Allowance for Credit Loss	$5.14M	$5.24M	-1.8%	$6.85M	$5.51M	+24.3%
Accounts Receivable, Allowance for Credit Loss, Current	$5.14M	$5.24M	-1.8%	$6.85M	$5.51M	+24.3%
Accounts Receivable, Allowance for Credit Loss, Writeoff	$209K	$1.12M	-81.3%	$3.02M	$3.38M	-10.6%
Accounts Receivable, Credit Loss Expense (Reversal)	-$1.5M	$845K	-276.9%	$4.36M	$3.91M	+11.5%
Accrued Liabilities, Current	$47.7M	$37.6M	+26.9%	$44.1M	$36.6M	+20.6%
Accrued Payroll Taxes, Current	$9.89M	$5.67M	+74.6%	$11.1M	$10M	+11.3%
Accrued Sales Commission, Current	$18.7M	$15.9M	+17.3%	$46.4M	$28.1M	+65.5%
Accrued Vacation, Current	$43.3M	$41.7M	+3.7%	$46.7M	$42.1M	+10.8%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$14.7M	$21.4M	-31.3%	$14M	$20.6M	-32.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$28.9M	-$24.7M	-16.7%	-$27.9M	-$23.2M	-20.1%
Additional Paid in Capital, Common Stock	$2.32B	$2.12B	+9.6%	$2.31B	$2.05B	+12.8%
Advertising Expense	–	–	–	$20.4M	$22.5M	-9.3%
Amortization of Debt Issuance Costs	$300K	$287K	+4.5%	$1.17M	$1.12M	+4.4%
Amortization of Intangible Assets	$2.62M	$1.58M	+66.0%	$8.8M	$9.21M	-4.5%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11.5M	8.6M	+33.6%	4.34M	8.45M	-48.6%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$74.8M	$69.9M	+6.9%	$298M	$258M	+15.8%
Assets	$3B	$2.52B	+18.9%	$3.15B	$2.59B	+21.6%
Assets, Current	$1.88B	$1.88B	0.0%	$2.02B	$1.93B	+4.8%
Assets, Fair Value Disclosure	$1.2B	–	–	$1.12B	$999M	+11.8%
Capitalized Computer Software, Additions	–	–	–	$0	$0	–
Capitalized Contract Cost, Amortization	$32.5M	$26.2M	+24.0%	$111M	$96.7M	+14.9%
Capitalized Contract Cost, Impairment Loss	$0	$0	–	$0	$0	–
Capitalized Contract Cost, Net, Current	$103M	$85M	+21.2%	$106M	$86.2M	+23.5%
Capitalized Contract Cost, Net, Noncurrent	$146M	$115M	+27.5%	$151M	$118M	+28.2%
Cash and Cash Equivalents, at Carrying Value	$880M	$662M	+32.8%	$769M	$728M	+5.7%
Cash and Cash Equivalents, Fair Value Disclosure	$611M	–	–	$511M	$327M	+56.2%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$882M	$666M	+32.4%	$770M	$731M	+5.4%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$111M	-$65.2M	+270.7%	$39.3M	$188M	-79.1%
Common Stock, Capital Shares Reserved for Future Issuance	41.4M2025-07-31	39.7M	+4.4%	36.9M2025-04-30	35.6M	+3.5%
Common Stock, Par or Stated Value Per Share	$0.01	–	–	$0.01	$0.01	0.0%
Common Stock, Shares Authorized	165M	165M	0.0%	165M	165M	0.0%
Common Stock, Shares, Issued	109M	–	–	108M	106M	+2.7%
Common Stock, Shares, Outstanding	105M	–	–	105M	106M	-0.7%
Common Stock, Value, Issued	$1.17M	$1.12M	+4.2%	$1.15M	$1.11M	+3.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$17.7M	-$26.1M	+32.2%	$363M	-$110M	+431.1%
Contract with Customer, Liability, Current	$840M	$710M	+18.3%	$974M	$802M	+21.4%
Contract with Customer, Liability, Noncurrent	$44.2M	$44.5M	-0.7%	$52.5M	$50.3M	+4.3%
Cost of Goods and Services Sold	$122M	$96.7M	+26.0%	$416M	$380M	+9.6%
Current Federal Tax Expense (Benefit)	–	–	–	$6.64M	$5.82M	+14.2%
Current Foreign Tax Expense (Benefit)	–	–	–	$19.2M	$15.5M	+23.3%
Current Income Tax Expense (Benefit)	–	–	–	$25.8M	$21.4M	+20.8%
Debt Instrument, Interest Rate, Stated Percentage	–	–	–	4.1%2022-04-30	–	–
Debt Issuance Costs, Net	$3.81M	$4.98M	-23.7%	$4.11M	$5.27M	-22.1%
Debt Securities, Available-for-sale	$581M	–	–	$602M	$670M	-10.2%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One	$287M	$481M	-40.3%	$305M	$368M	-17.2%
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value	$581M	$832M	-30.1%	$602M	$670M	-10.2%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	-$432M	$448K	-96,465.0%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	$35.8M	$54.7M	-34.5%
Deferred Income Tax Assets, Net	$566M	$147M	+286.4%	$567M	$168M	+237.6%
Deferred Income Tax Expense (Benefit)	$1.06M	$21.6M	-95.1%	-$399M	$57.4M	-794.1%
Deferred Revenue, Revenue Recognized	$375M	$312M	+20.4%	$808M	$661M	+22.2%
Deferred Tax Assets, Deferred Income	$13.1M2026-04-30	$7.48M	+75.4%	$13.1M	$7.48M	+75.4%
Deferred Tax Assets, Goodwill and Intangible Assets	$4.38M2026-04-30	$5.64M	-22.4%	$4.38M	$5.64M	-22.4%
Deferred Tax Assets, Gross	$613M2026-04-30	$639M	-4.0%	$613M	$639M	-4.0%
Deferred Tax Assets, Net of Valuation Allowance	$609M2026-04-30	$201M	+202.7%	$609M	$201M	+202.7%
Deferred Tax Assets, Operating Loss Carryforwards	$502M2026-04-30	$538M	-6.7%	$502M	$538M	-6.7%
Deferred Tax Assets, Other	$10.3M2026-04-30	$11M	-6.5%	$10.3M	$11M	-6.5%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-K 2026-04-30, 10-Q 2026-01-31, 10-Q 2025-10-31, 10-Q 2025-07-31, 10-K 2025-04-30, 10-Q 2025-01-31, 10-Q 2024-10-31, 10-Q 2024-07-31

Data as of 2026-11-02